The Business Times, 27 August 2016
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2016-08-27
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The Business Times
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Page 1 Advertisements
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Advertisement63 2016-08-27 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 27-28 2016 LET'S DO BRUNCH Hotels are betting on bigger and better spreads for brunch. L2-3 DESIGN Ikea homes in on local designers L4-5 GRAND COPTHORNE WATERFRONT WELLNESS New fitness options L8-9 MOTORING Volkswagen and Ford rollouts L14-15 GADGETS State of the art TVs L12-1363 words
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BT LIVING
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DINING
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Article, Illustration1021 2016-08-27 2 Rachel Loi - Foodies in Singapore love their laid-back, late weekend breakfast-cum-lunch lunch tryst and more eateries are banking on it. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg AWHO can resist brunch a meal of comforting breakfast food except with the licence to sleep in on a weekend morning.PHOTOS: KINKI, RITZ CARLTON, MITZO; PHOTOS : SHANGRI-LA HOTEL . SINGAPORE, THE KNOLLS AT CAPELLA SINGAPORE, SUPER LOCO - 1,021 words
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Article, Illustration691 2016-08-27 3 Weekend brunch at Long Chim 12pm to 4pm, (every weekend) www. longchim. com.sg YOU know brunch culture is making waves when even celebrity chefs are jumping on the bandwagon. Just earlier this year, David Thompson’s Thai street food restaurant Long Chim launched its own weekendPHOTO: YANTRA BY HEMANT OBEROI; PHOTO: LONG CHIM - 691 words
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DESIGN
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Article, Illustration1262 2016-08-27 4 / 5 Tay Suan Chiang - Ikea’s Young Designer’s Award this year helped launch nifty new creations for time-strapped homemakers. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT DESIGN student Anthony Yu (right) credits his mum for giving him the idea for creating a hanging holder for kitchen rags. Mr Yu, 24,1,262 words
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HOME & GARDEN
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Article, Illustration1135 2016-08-27 6 / 7 Tay Suan Chiang - The owners of a d’Leedon apartment wanted the interior of their unit to mirror the exterior of the condo designed by the late starchitect Zaha Hadid. personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHEN it comes to giving their interior designers a brief, most homeowners1,135 words
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WELLNESS
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Article, Illustration1670 2016-08-27 8 / 9 Avanti Nim - With ever-burgeoning fitness centre options, how do studios stand out from the competition and draw in customers? BT Weekend gets the lowdown from three new players in the market. By Avanti Nim By Avanti Nim FRUITFUL SHIFT GuavaLabs Mandarin Gallery, 333A Orchard Road, #04-13 www.guavapass.com NO, put that1,670 words
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HEALTH
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Article, Illustration1236 2016-08-27 10 Computed tomography angiogram can be considered as the single best non-invasive test for the diagnosis of heart disease Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the WorldFILE PHOTO - 1,236 words
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GADGETS
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Article, Illustration922 2016-08-27 12 / 13 Its Signature G6 OLED TV unleashes all the bells and whistles that aficionados go gaga over. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT FOR a television set that barely has a presence in any room it sits in, LG’s Signature G6 range of OLED TVsPHOTO: LG - 922 words
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Article, Illustration895 2016-08-27 12 / 13 Sherwin Loh - By Sherwin Loh FROM 3D, curved screens, TV operating systems to quantum dot displays, no one can say that Samsung does not try its best at each generation of TV it makes, and this year’s model is no different. Offering 1,000 nits brightness from anPHOTO: SAMSUNG - 895 words
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462 2016-08-27 12 / 13 Sherwin Loh - By Sherwin Loh HIGH Dynamic Range, or HDR, is a term used mostly with photography but it has now been co-opted by the video industry as well. And their meanings are very different. While every new generation of television sets promise to462 words
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MOTORING
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Article, Illustration605 2016-08-27 14 Samuel Ee - The sharper-profiled, second-generation Volkswagen Touran is a versatile family wagon. By Samuel Ee samuelee@sph.com.sg THE new Volkswagen Touran may look a lot like the VW Sportsvan but that’s not necessarily a bad thing. Where once the Touran was a stubby-looking, multi-purpose vehicle, the new model has been605 words
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Article, Illustration709 2016-08-27 15 Samuel Ee - The Ford Mustang is now available in right-hand-drive from the factory. THE 2.3-LITRE ECOBOOST IS THE MODEL’S FIRST FOUR-CYLINDER UNIT AND THE ONLY ENGINE THAT IS TURBOCHARGED By Samuel Ee samuelee@sph.com.sg I T has taken some time but the American car that spawned a whole new segment more709 words
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Page 10 Advertisements
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Advertisement29 2016-08-27 10 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc29 words
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Page 11 Advertisements
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Advertisement174 2016-08-27 11 Life's Good Perfect Black, Perfect Color r o* V *-r- i-v. y ,>.v ;A As black gets deeper, colors appear more lifelike. Only the individual self-lighting pixels of LG OLED TVs can achieve perfect black. See it for yourself and discover genuine, vivid color. T OLEDHDR §fe£ 5; Self-lighting Infinite174 words
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BT CORPORATE GOLF LEAGUE 2016
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Article, Illustration978 2016-08-27 16 Justine Moss - Teams Centurion, Gayatri, KPMG and SunMoon have been loyal participants, sponsors or both of the BT Corporate Golf League over the years. By Justine Moss By Justine Moss EDGE Golf bounced back to the top of the League table after shooting a superb 111 stableford978 words
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Title Section24 2016-08-27 1 weekend THE BUSINESS TIMES w w w sinesst ime .com. g AUGUST 27-28, 2016 S$1.20| MCI (P) 066/08/2016 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION24 words
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Article35 2016-08-27 1 TECHNOLOGY IT ties up with Samsung Pay in Singapore, allowing its cardholders access to the mobile wallet, as part of a strategy to become the “top community bank” in Asean. 435 words
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Article34 2016-08-27 1 WELL-BEING SINGAPORE workers not only spend more hours at work relative to their Hong Kong and China peers but more than half say their stress level has gone up. 734 words
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Article37 2016-08-27 1 EARNINGS THE rise to 1.7 Singapore cents, from 1.59 cents a year ago, comes despite net profit falling 21.8 per cent to 4.43 billion yen, due mainly to fair-value adjustments. 1037 words
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Article33 2016-08-27 1 INVESTMENT THE red-hot market for gold mining companies makes the shares too expensive for some investors, even though they remain bullish on the outlook for bullion. 1833 words
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Article44 2016-08-27 1 ECONOMY BRITAIN’S high streets are heaving with shoppers despite June’s shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. 2144 words
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Article, Illustration803 2016-08-27 1 Lee U-Wen - Seven eulogies delivered at state funeral service, highlighting SR Nathan’s contributions; tributes flow in from overseas By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore INGAPORE on Friday said a final goodbye to a man hailed as a “super ambassador”, loyal servant to thePHOTO: LAU FOOK KONG/ STRAITS TIMES; PHOTO: KUA CHEE SIONG/THE STRAITS TIMES - 803 words
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Article, Illustration607 2016-08-27 1 Kelly Tay - By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S manufacturing output surprised by shrinking 3.6 per cent year on year in July reversing four consecutive months of expansion, and disappointing the market’s hopes for a 0.8 per cent increase. The weak showing was dueSource: Singapore Economic Development Board - 607 words
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Page 1 Advertisements
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Advertisement16 2016-08-27 1 the raffles conversation PHILIP YUEN, CEO OF DELOITTE S-E ASIA 8-9 LIVING Let’s do brunch L2-316 words
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Advertisement10 2016-08-27 1 CLOUD PLATFORM Kuok scion picks music over palm-oil business 710 words
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Advertisement21 2016-08-27 1 US FED Yellen: Rate-hike case has strengthened in recent months 4 45State funeral of SR Nathan: More reports, Pages 2 321 words
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TOP STORIES
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Article, Illustration56 2016-08-27 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Govt Economy 21 Transport 22 Life Culture 23 Opinion 24-25 Wealth 26-27 LIVING Dining L2-3 Design L4-5 Home Garden L6-7 Wellness L8-9 Health L10 Gadgets L12-1356 words
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Article, Illustration649 2016-08-27 2 Soon Weilun - Former president hoped his never-give-up attitude would inspire Singaporeans STATE FUNERAL OF SR NATHAN By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BORN in humble circumstances in 1924, former president SR Nathan would become a great influencerPHOTO: KUA CHEE SIONG/ THE STRAITS TIMES - 649 words
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Article136 2016-08-27 2 HSTI 2,857.65 (-19.28) HSTI FUTURES 2,858.00 (-19.00) HSIMSCI 315.16 (-2.26) HSIMSCI FUTURES 315.05 (-3.05) STOCKS Friday Change KL COMP 1,683.09 +2.79 NIKKEI 225 16,360.71 -195.24 HANG SENG 22,909.54 +94.59 SET 1,549.41 +5.31 JAKARTA 5,438.83 -15.29 MANILA 7,845.49 -9.05 KOSPI 2,037.50 -5.42 SHENZHEN B 1,161.50 +2.10 MUMBAI 27,782.25 -53.66 11.00136 words
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666 2016-08-27 3 Lee U-Wen - Several mention his thoughtful handwritten notes of encouragement and recall his appreciation of good food STATE FUNERAL OF SR NATHAN By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AS the eulogies were delivered one by one, a common theme that rang across many666 words
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Article, Illustration678 2016-08-27 4 Economy is ‘nearing’ Fed’s goals of full employment and stable prices, she adds Bloomberg Washington FEDERAL Reserve chair Janet Yellen said the case to raise interest rates is getting stronger as the US economy approaches the central bank’s goals. “In lightBloomberg - 678 words
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254 2016-08-27 4 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BUSINESS receipts for the services industry in Singapore edged up 0.4 per cent year-on-year in the second quarter but were up 1.1 per cent quarter-on-quarter. According to a release from the Department of Statistics on254 words
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Article, Illustration508 2016-08-27 6 Renald Yeo - Lender ties up with Samsung Pay in Singapore, allowing cardholders access to mobile wallet By Renald Yeo yrenald@sph.com.sg Singapore AS part of a strategy to strengthen its digital presence across the region, Maybank has tied up with Samsung Pay in Singapore, allowing508 words
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535 2016-08-27 6 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan’s (BOJ) highly elusive inflation target slipped further out of range on Friday when it was announced that Japanese core consumer prices fell by 0.5 per cent in July compared with the level535 words
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Article, Illustration623 2016-08-27 7 Siow Li Sen - Workers face long unproductive meetings and working hours, organisational politics By Siow Li Sen lisen@sph.com.sg @SiowLiSen Singapore SOME of you probably already feel that the office is a grim place. But if you want evidence of that, a survey has just confirmed thatSource: Roffey Park - 623 words
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Article, Illustration815 2016-08-27 7 Bloomberg Singapore KUOK Meng Ru didn’t spend much time with his billionaire father when he was growing up. As the third child of an agri-business tycoon, he was sent off to a British boarding school at 10; he graduated later from Cambridge UniversityBloomberg; SPH FILE PHOTO - 815 words
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Page 4 Advertisements
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Advertisement9 2016-08-27 4 45Declining inventories curb Q2 growth; consumption surges, Page 219 words
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Page 5 Advertisements
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Advertisement358 2016-08-27 5 L. Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr Dennis Chua, Ear, Nose and Throat (ENT) consultant specialist, with more than 10 years experience in treating patients for ENT related issues. Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim,358 words
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THE RAFFLES CONVERSATION
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Article, Illustration2124 2016-08-27 8 / 9 Michelle Quah - Philip Yuen, CEO of Deloitte Southeast Asia, sees the region’s massive potential for growth as a harbinger of success for the group. By Michelle Quah By Michelle Quah michquah@sph.com.sg @MichelleQuahBT PHILIP YUEN has, by his own admission, big shoes to fill, but one cannot accuse him of notPHOTO: ARTHUR LEE - 2,124 words
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COMPANIES & MARKETS
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Article, Illustration709 2016-08-27 10 Nisha Ramchandani - This is despite profit falling 21.8% to 4.4b yen By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CROESUS Retail Trust’s distribution per unit (DPU) for the fourth quarter ended June 30, 2016, rose to 1.7 Singapore cents, from 1.59 cents a year ago,709 words
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488 2016-08-27 10 Christopher Langner - COMMENTARY By Christopher Langner Bloomberg PICTURE this: a man walks up to you and tells you he’ll mug you at gunpoint because he’s in financial need. That would be awful, but disclosing his motive and planned course of action upfrontBloomberg - 488 words
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Article, Illustration538 2016-08-27 11 Jamie Lee - STOCKS Jamie Lee leejamie@sph.com.sg @JamieLeeBT Correspondent SINGAPORE shares on Friday closed lower on weak volume ahead of a key speech to be delivered by US Federal Reserve chairwoman Janet Yellen. The traits Times Index (STI) also tracked Wall Street’s weaker performance538 words
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Corporate digest
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Article50 2016-08-27 11 WING Tai Holdings’ fully-owned subsidiary Wing Tai (China) Investment has sold its 40 per cent interest in Optima Investment Development to Singbridge Guangzhou for a cash consideration of S$89.3 million. Following the disposal of shares, Optima has ceased to be a joint venture company of Wing Tai.50 words
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Article74 2016-08-27 11 ABR Holdings, which runs restaurant chain Swensen’s as one of its brands, on Friday said that it has decided to terminate the contract for the purchase of the property at 2 Banool Avenue, Yarraville in Victoria, Australia. This followed its review of the due diligence results of the74 words
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Article70 2016-08-27 11 SHIPBUILDER Vard Holdings has secured contracts to design and build two luxury expedition cruise vessels for German cruise company HapagLloyd Cruises. The company had announced a letter of intent relating to this on May 13, without revealing the name of the cruise company then. The contracts’ effectiveness is70 words
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Article75 2016-08-27 11 BY CENTS CLOSE UP 52w high/low JSH USD 3243 55.4 1.3 3280/2524 DBXT Vietnam US$ 2451 47.3 1.4 2533/2017 Lyxor Europe US$ 1278 44.6 2.7 1384/1150 JMH USD 6047 36.5 0.4 6160/4500 DBXT MSTaiwan US$ 2249 17.6 0.6 2298/1667 BY PERCENTAGE CLOSE UP 52w high/low ITE Electric 5.5 175.075 words
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Article73 2016-08-27 11 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4944 -81.1 -1.2 5021/4031 DBXT E50 US$ 4507 -32.4 -0.5 5000/3918 DBS Grp 1510 -17.0 -1.1 1845/1301 Jardine C&C 4301 -17.0 -0.4 4520/2636 DBXT MSINDIA US$ 1004 -16.2 -1.2 1020/816 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive 0.2 -50.0 -0.273 words
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Article34 2016-08-27 11 VOLUME Noble 64,400,200 HSI*****MBeCW*****9 41,358,700 Magnus Energy 29,401,000 Global Logistic 22,582,000 ComfortDelGro 16,488,900 Market volume 893,489,000 VALUE Singtel 51,779,609 DBS Grp 50,270,048 ComfortDelGro 46,804,021 Global Logistic 42,056,149 UOB 41,752,035 Market value 672,090,00034 words
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Article, Illustration318 2016-08-27 11 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore AGV Group rose 9.1 per cent, or two Singapore cents, from its initial public offering price to end its Catalist debut at 24 Singapore cents on Friday. A total of 7.9 million AGVSource: Bloomberg - 318 words
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Article303 2016-08-27 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 +1 247/245 257 209 6.2 6836.9 CapitaCom Trust 155.5 -0.5 157/154.5 159 127 5.5 4598.7 CapitaLand 312 -3 315/310 340 267 12.5 2.9 *****.7 CapitaMall Trust 216 -2 218/214 225 185303 words
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Article113 2016-08-27 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 -2 162 293/290 314/254 290/291 Nikko AM STI ETF 297 -1 83 299/297 320/259 296/297 7.2 IS MS INDIA US$ US719 -9 60 728/719 772/575 717/720 89.9 ABF SG Bond ETF 118.5 56113 words
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Article833 2016-08-27 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 22 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K Goh Hldgs 25-Aug-16 GKG Invest Hldgs Buy 60 0.84 *****2 59.94 *****2 59.95 G.K Goh Hldgs833 words
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Article189 2016-08-27 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 4 0 0 0 2 9 4 Manufacturing 25 47 19 6 10 10 31 57 29 Commerce 16 14 20 1 1 2 17 15 22 Tpt/Stor/Comms 8 16 3189 words
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Article121 2016-08-27 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,853 10,853 38,204 38,204 Manufacturing 50,022 41,967 91,989 56,029 1,921 57,950 Commerce 92,341 5,966 98,307 48,452 183 48,635 Tpt/Stor/Comms 65,800 155 65,955 140,230 15 140,245 Finance 15,816 47 15,863 134,642 5 134,647 Construction 7,859 1121 words
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Article77 2016-08-27 12 Aug 26 VALUE CLOSE BT OB/OS -193.00 -70.00 BT CADI -*****.00 -81.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 680.87 -2.95 FTSE ST Small Cap 382.74 -0.62 FTSE ST All Share 700.06 -3.50 FTSE ST China Top 156.46 -0.93 FTSE ST China 187.08 -0.80 FTSE77 words
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Article83 2016-08-27 12 VOL CLOSE($) CHANGE ITE Electric 1,682.0 0.055 +0.035 +175.00 Metech Intl 2,503.1 0.003 +0.001 +50.00 Infinio 3,141.9 0.002 -0.001 -33.33 Swee Hong 3,376.2 0.010 -0.006 -37.50 Eucon 201.0 0.013 -0.003 -18.75 Pharmesis Intl 8.5 0.400 +0.050 +14.29 Banyan Tree 687.8 0.420 -0.020 -4.55 China Yuanbang 4.6 0.340 -0.06083 words
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Article193 2016-08-27 13 Aug-25 Price Net change change Last Trade Agricultural Aug-25 CBOT Soybeans (US cents/bu) 998.25 -32.50 -3.15% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.91 -0.66 -1.97% 14/09/2016 CBOT Wheat (US cents/bu) 401.25 -2.75 -0.68% 14/09/2016 Aug-25 LIFFE Cocoa (£/tonne) 2426.00 11.00 0.46% 15/09/2016 LIFFE Coffee (US$/tonne) 1761.00 -18.00 -1.01%193 words
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Article60 2016-08-27 13 Aug 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2797.0 2800.0 2823.0 2792.0 324 5383 Oct 16 2620.0 2647.0 2665.0 2616.0 1516 ***** Nov 16 2525.0 2552.0 2567.0 2523.0 ***** ***** Dec 16 2490.0 2513.060 words
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Article65 2016-08-27 13 Aug 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.53 99.54 99.54 5-Year NX*****X 2.250 01-Jun-21 104.35 104.43 104.43 10-Year NX*****F 2.125 01-Jun-26 103.15 103.30 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.99 110.20 110.08 20-Year NZ*****X 2.250 01-Aug-36 101.9265 words
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Article155 2016-08-27 13 Aug 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0316 1.0323 0.7631 0.7632 Canadian dollar 1.0470 1.0480 0.7748 0.7745 Euro 1.5256 1.5268 1.1286 1.1288 NZ dollar 0.9891 0.9906 0.7317 0.7324 Sterling pound 1.7857 1.7876 1.3210 1.3216155 words
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Article, Illustration5 2016-08-27 13 Source: BloombergSource: Bloomberg - 5 words
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206 2016-08-27 13 Most active Aug 26 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 9.9 0.6 ***** 0.0 1 HSI ***** MB ePW*****9 3.9 -0.5 ***** 0.0 1 DBS MB eCW*****1 12 -0.7 5178 0.1 1550 6206 words
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377 2016-08-27 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 25 Index Change Change Change Change Change Change World Preliminary 1306.2 -0.1 2.2 -0.2 -0.7 -0.1 4.0 EAFE Preliminary 966.2 -0.4 -4.7 -0.5 -5.3 -0.4 -0.8 Europe Preliminary 1388.0 -0.6 -1.7377 words
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Article, Illustration10 2016-08-27 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: BloombergSource: Bloomberg - 10 words
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484 2016-08-27 14 Andrea Soh - Higher contributions from almost all segments help revenue rise 32% By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore REVENUE growth in all segments except one gave a lift to Silverlake Axis Limited’s earnings in its fourth quarter, though this was partially negated by the484 words
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Article339 2016-08-27 14 Tan Effie - By Tan Effie taneffie@sph.com.sg Singapore SINGAPORE Press Holdings Limited (SPH) announced on Friday that it has completed the acquisition of the business assets of Pacom Media Pte Ltd, a Singa-pore-based media company with a niche focus on golf. The assets are now part of SPH’s339 words
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Article279 2016-08-27 14 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CHINESE shipbuilder Yangzijiang Shipbuilding (YZJ) is looking to slash 2,000 more jobs to bring its overheads down as its order intake for shipbuilding slows. A YZJ spokesman confirmed to The Business Times that the group plans to279 words
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368 2016-08-27 14 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CORDLIFE Group on Friday posted a 59.8 per cent drop in net profit to S$13 million for its fiscal year ended June 30, 2016. This was a drop from S$32.5 million a year ago. Revenue rose368 words
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REAL ESTATE
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Article, Illustration938 2016-08-27 15 New York property touted to house iconic Apple store is stuck in a mortgage bond facing hundreds of millions of dollars in unpaid debt IFR New York A PROPERTY in New York City that investors were told would be the home of an iconicIFR; PHOTO: REUTERS - 938 words
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560 2016-08-27 15 Residential investment grows at fastest in five years Reuters Tokyo JAPAN’S housing market is likely to moderate after investment grew at its fastest in five years in April-June, but the benefits to consumer spending and employment could continue into nextReuters - 560 words
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Article1247 2016-08-27 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 13 AND JULY 19, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED Cairnhill Crest Apt 18/07/2016 FH 1733 3160 1823 Cairnhill Nine Apt 13/07/2016 99 12061,247 words
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Page 15 Advertisements
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Advertisement39 2016-08-27 15 GOOD CLASS BUNGALOW CABLE ROAD *****/ 8600 sf 10 Carpark lots 30m frontage, beautiful land Vacant, privacy, quiet, nice garden Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F• CEA Reg R*****9A39 words
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BANKING & FINANCE
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566 2016-08-27 17 This is a relief for hedge funds that have been stuck with Yirendai Bloomberg Hong Kong STOCK traders who have been stuck with China’s most painful short sale are finally getting some relief. After suffering through a 953 per cent rallyBloomberg - 566 words
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Page 17 Advertisements
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Advertisement390 2016-08-27 17 RECRUIT Classifed Jobs 1800-289-9988 I www.sphclass.com.sg/recruit I Executive Appointments 1800-289-8822 Our businessspace. Yourlimitlesspotential. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA also facilitates the development of business entities and the public accountancy profession. We now390 words
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ENERGY & COMMODITIES
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Article, Illustration945 2016-08-27 18 However, they remain bullish on the outlook for bullion Bloomberg New York THE red-hot market for gold mining companies has made the shares too expensive for some investors, even though they remain bullish on the outlook for bullion. Earlier this year, fund managersBloomberg; PHOTO: BLOOMBERG - 945 words
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487 2016-08-27 18 Reuters Stavanger, Norway A TWO-year crisis in Norway’s oil industry may be ending and more companies are willing to invest, the head of the agency overseeing the country’s oil and gas resources said. The sector, which accounts for 20 perReuters - 487 words
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TECHNOLOGY
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Article, Illustration1152 2016-08-27 19 MedSec discloses weakness in St Jude’s medical devices after Muddy Waters takes short position against the firm Bloomberg Washington WHEN a team of hackers discovered that St Jude Medical Inc’s pacemakers and defibrillators had security vulnerabilities that could put lives at risk,Bloomberg; PHOTO: BLOOMBERG - 1,152 words
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Page 19 Advertisements
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Advertisement106 2016-08-27 19 THE COMPANIES ACT CAP. 50 PERECOM INVEST PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (UEN: *****0231H) FINAL MEETING NOTICE IS HEREBY GIVEN THAT the Final Meeting of the Members of the abovenamed Company will be held at 133 Cecil Street #16-01 Keck Seng Tower Singapore *****5 on 30 September 2016 at106 words
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Advertisement187 2016-08-27 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HANLEY INVESTMENTS PTE. LTD. Company Registration No. *****5757E (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the abovenamed Company187 words
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Advertisement186 2016-08-27 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ATLANT INTERNATIONAL PTE. LTD. Company Registration No. *****9941C (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the abovenamed Company will186 words
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CONSUMER
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Article, Illustration690 2016-08-27 20 It is latest firm to be caught up in outrage at apparently egregious drug price increases Reuters New York MYLAN NV said on Thursday it would reduce the out-of-pocket costs of its emergency EpiPen allergy injection for some patients amid a wave ofReuters; PHOTO REUTERS - 690 words
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Article, Illustration543 2016-08-27 20 NYT New York KFC describes its closely guarded original fried chicken recipe as “one of the biggest trade secrets in the world”. The company says the original handwritten recipe is housed in a 350kg safe encased in two feet of concrete and guarded byNYT; PHOTO: AFP - 543 words
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GOVERNMENT & ECONOMY
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Article, Illustration1170 2016-08-27 21 Retail sales strong, big firms report little impact, but economists say it’s too soon to judge how economy will fare Reuters London BRITAIN’S high streets are heaving with shoppers despite June’s shock vote to leave the European Union (EU), big companies have reportedReuters; PHOTO: AFP - 1,170 words
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360 2016-08-27 21 LATEST US DATA Reuters Washington US economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 perReuters - 360 words
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TRANSPORT
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Article, Illustration456 2016-08-27 22 Airline also aims to attract an equity investor to Asia Aviation Capital by end-2016 Reuters Singapore AIRASIA Bhd, Asia’s biggest low-cost airline, values its wholly owned leasing arm at RM4.1 billion (S$1.4 billion), and aims to attract an equity investor to the unitReuters; PHOTO: REUTERS - 456 words
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574 2016-08-27 22 Bloomberg San Francisco VOLKSWAGEN AG has agreed to pay 652 car dealerships for their losses from the diesel-cheating scheme that has affected more than half a million cars in the US. The carmaker will buy back unfixable usedBloomberg - 574 words
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Page 22 Advertisements
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Advertisement47 2016-08-27 22 HOT PROPERTY MODERN CORNER TERR stylish Practical.Approx 2200/3500 sf. 5 ensuite rms park facing. $2.5Xm FH. $1.5XM CRAZY SALE!! Is true!! 3.5sty corner terr Loyang Villa, dual frontage, Land 3880sf, 5bdrm. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!47 words
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LIFE & CULTURE
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Article, Illustration998 2016-08-27 23 This year’s Video Music Awards ceremony may celebrate music videos as it originally intended to NYT New York AS music awards shows go, MTV’s annual Video Music Awards ceremony the VMAs is by far the loosest, the most vibrant and the most prone toNYT; PHOTO: REUTERS - 998 words
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Page 23 Miscellaneous
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Miscellaneous311 2016-08-27 23 CRYPTIC CROSSWORD Across 1 Aggravated by lie a ltered on purpose (12) 9 Covering Rolling Stones, perhaps getting older (9) 10 Hug sweetheart and complain (5) 11 Fa ith must be given hard push (6) 12 Steps too much, turning hee l (8) 13 Take issue from seed if fertilised311 words
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OPINION
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Article, Illustration1313 2016-08-27 24 / 25 Steven Seow; Rahul Mudgal - Valley of the East Singapore or HK? It is premature to declare either country as a preferred hub for fintech and healthy competition is good for the region. By Steven Seow and Rahul By Steven Seow and Rahul Mudgal ~The writers are from Mercer. Steven Seow is head of wealthPHOTO: AFP - 1,313 words
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852 2016-08-27 24 / 25 Chris Lehane - By Chris Lehane ~The writer is head of global policy and communications for Airbnb. THE concept of a sharing economy is not new, especially to Singaporeans. Back in the day, the older generations were ambassadors of the “kampung spirit”. They opened their homes to852 words
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Page 24 / 25 Miscellaneous
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Miscellaneous8 2016-08-27 24 / 25 SATURDAY with Ludwig Just gotta catch ‘em all8 words
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Wealth
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WEALTH INVESTING
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Article, Illustration930 2016-08-27 26 / 27 Matthew Miller; Shu Zhang - It’s set to become the largest cinema operator, with over 13,000 screens on four continents once current deals are closed. By Matthew Miller and Shu Zhang By Matthew Miller and Shu Zhang Reuters Beijing WANG Jianlin, the billionaire Chinese property tycoon turned entertainment mogul, saidReuters; PHOTO: REUTERS - 930 words
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716 2016-08-27 26 / 27 Bloomberg Mumbai FOREIGN investor holdings of Indian corporate bonds have slumped to a 19-month low, despite world-beating economic growth and yields close to 8 per cent. That’s a situation that may not last in a planet being taken over by negativeBloomberg - 716 words
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brokers' take
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202 2016-08-27 26 / 27 STARHUB’S and M1’s stock prices have risen by about 15 per cent since mid-May 2016 and the stocks are trading close to their historical mean valuation, suggesting that stock prices are factoring in no fourth mobile operator scenario. With the end to the202 words
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Article179 2016-08-27 26 / 27 Target price: S$1.54 Aug 26 close: S$1.505 OCBC Investment Research, Aug 26, WHILE there is an inherent risk from medical tourism for Singapore’s private healthcare sector, we believe the change was not significant for RMG. On the back of a diversified international patients mix, we understand179 words
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211 2016-08-27 26 / 27 Claire Huang - Compiled by Claire Huang Target price: S$0.79 Aug 26 close: S$0.685 Phillip Securities Research, Aug 25 NON-RENOUNCEABLE 1-for-10 preferential offering, in conjunction with the acquisition of Bukit Batok Connection from sponsor. Issue of up to 94.35 million new units at S$0.63 each, to raise gross211 words
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Page 28 Advertisements
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Advertisement133 2016-08-27 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE ,IN THE VILLAGE OF LE HOME OF AUDEMARS PIGUET B R A S S U S T H E E A R LY WAT C H M133 words
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Advertisement29 2016-08-27 1 27-28 AUGUST 2016 THE BUSINESS TIMES WEEKEND GetFIT FOR R GOLF TRAIN LIKE DUSTIN JOHNSON UNDERCOVER TOUR PRO MEET THE LPGA STALKERS THE AUDI INTERVIEW MEET SUNMOON’S GARY LOH29 words
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Swing
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editor’s letter
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Article, Illustration505 2016-08-27 2 S. MURALI - BY S. MURALI The diehards among you probably know the answer but this is for the rest. The Olympic gold medals for golf in Rio went to Justin Rose and Park Inbee. And there you go. Golf returns to the Olympics505 words
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Article, Illustration597 2016-08-27 3 JUSTINE MOSS - PRESENTED BY S BY JUSTINE MOSS PORTING CONNECTIONS unMoon Food Company Limited is a consumer-focused distributor and marketer of branded highquality fruits, vegetables and products. It works collaboratively to develop innovative, natural, sustainable and nutritious food products for increasingly health-conscious global consumers. Its growing global network of suppliersphotos by Gavin Foo, courtesy of Audi - 597 words
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Article, Illustration826 2016-08-27 4 RON KASPRISKE - HIS GOLF GAME IS AT AN ALL-TIME HIGH, AND SO IS HIS FITNESS BY RON KASPRISKE BY RON KASPRISKE TRAINING WITH D.J. HIS GOLF GAME IS AT AN ALL-TIME HIGH, AND SO IS HIS FITNESS ustin Johnson is a freak—in a good way. Whether you hand himphoto by John Loomis - 826 words
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Article, Illustration605 2016-08-27 5 DAVID LEE - EX-RACER TO JOIN OTHER SPH WAGC WINNERS FOR FINALS IN SOUTH AFRICA BY DAVID LEE TIME TO FLY FLAG HIGH EX-RACER TO JOIN OTHER SPH WAGC WINNERS FOR FINALS IN SOUTH AFRICA s the first Singaporean to compete and score points in the FIA WorldTNP photo by Phyllicia Wang - 605 words
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Article, Illustration253 2016-08-27 6 / 7 PATRICK REED - 4 DRIVING SECRETS TO WIN YOUR MATCHES BY PATRICK REED SECRETS ECRET TO WIN YOUR MATCH 1PUT IT IN THE FAIRWAY. Even if it means sacrificing distance, you want the ball in play. Don’t try to keep up with longer opponents. If you’re first to hit fromphoto by Walter looss Jr. - 253 words
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Advertisement24 2016-08-27 2 IN TIME WITH With content by Reprinted by permission from the 09/16 issue of Golf Digest®. Copyright© 2016 Golf Digest Publications. All rights reserved.24 words
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Advertisement22 2016-08-27 3 PRESENTING SPONSOR OF THE 2016 BUSINESS TIMES CORPORATE GOLF LEAGUE RESENTING SONSOR OF THE 2016 BUSINESS TIMES CORORATE GOLF LEAGUE PRESENTED BY22 words
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Advertisement326 2016-08-27 6 / 7 Hit Your Tee Shots with UFC Refresh Coconut Water With the hot and humid weather all year round in Singapore, it can be quite an energy zapper at times, leaving you feeling dehydrated. This can greatly affect performance levels during your golf rounds. Whether you’re looking to maximise your potential326 words
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Advertisement262 2016-08-27 6 / 7 HORIZON HILLS GOLF <& COUNTRY CLUB horizon hills golf country club 36 HOLES SPECIAL GOLF PROMOTION All rates inclusive of green fee per pax, buggy (twin sharing), caddies (twin sharing) golfer's insurance RM 306.80 nett Weekdays Terms Conditions: Above rates are inclusive of 6% Goods Services Tax Single surcharge apply262 words
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Article, Illustration139 2016-08-27 8 KOVITANG - AN ARRAY OF COLOURS AND MODELS TO SUIT EVERY INDIVIDUAL BY KOVITANG Photography Kenneth Choo Lighting Jimmy Pang Styling Kovit Ang Hair Make-Up Angel Gwee using colours from Guerlain Wardrobes H&M “Keeping fit and trendy is important to me. My ultimate choice is the Ice–Carbon as it is139 words
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Advertisement285 2016-08-27 9 A D V E R T O R I A L Lian Beng has come a long way since its inception as proprietorship in 1973. From a small company with an annual revenue of less than S$0.5 million as a sub-contractor, it has grown to become a public-listed BCA Grade285 words
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play it
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Article, Illustration337 2016-08-27 10 TAN JU KUANG - QUEK AND CHANG WILL FLY THE NATION’S FLAG AT THE AUDI QUATTRO WORLD FINALS IN SPAIN BY TAN JU KUANG In the world of corporate golf, the Audi quattro Cup is unique in that it takes more than just one golfer’s skill to win. The tournament, celebrating itsphotos by Audi Quattro, Hugo Boss, Philip Stein - 337 words
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Article287 2016-08-27 10 Dr Andrew Boswell of True Chiropractic provides some insights into golf injuries and what you can do about them. What are the most common golf injuries? The most common injuries for golfers involve the middle or lower back. The modern golf swing involves a tremendous amount of287 words
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Article153 2016-08-27 10 Since its launch in 2010, the CIMB Classic has the distinction of being the only official PGA TOUR FedExCup event in Southeast Asia. This will be set to continue with title sponsors CIMB announcing an extension to its sponsorship through 2020. With total prize money153 words
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tried & tested
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Article, Illustration210 2016-08-27 10 Sweden’s Henrik Stenson is on a roll. The 40-year-old won the British Open Championship in July for his first Major trophy, and then followed that up with a silver medal at the Rio Olympics. To say that the HUGO BOSS ambassador is currently enjoying his golf is an210 words
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Article205 2016-08-27 10 There’s some truth to the claim that we are what we wear. And certainly what we put on our faces tell much about who we are. The bold and confident have no qualms about wearing glasses that make a statement, and the eyewear lines of205 words
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Article, Illustration162 2016-08-27 10 If timeliness is next to godliness, Philip Stein’s watches take it a step further to throw wellness into the mix as well. Not only are these elegant watches designed with a plethora of the season’s best colours but the brand’s timepieces and accessories also possess proprietary162 words
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Article, Illustration733 2016-08-27 11 Max Adler - THE LPGA TOUR GOES TO GREAT LENGTHS TO KEEP US SAFE UNDERCOVER TOUR PRO with Max Adler UNDERCOVER TOUR PRO JEEPERS CREEPERS THE LPGA TOUR GOES TO GREAT LENGTHS TO KEEP US SAFE h, it can get strange out here. We’re female athletes performing for an audience that’sIllustration by Carolyn Ridsdale - 733 words
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Advertisement70 2016-08-27 12 ROLEX THE DAY-DATE 40 Hie international symbol of performance and success, reinterpreted with a modernised design and a new-generation mechanical movement. It doesn’t just tell time. It tells history. I 28 OYSTER PERPETUAL DAY-DATE 40 IN 18 CT WHITE GOLD Cortinawatch MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN POINT, #01-08/09.70 words
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Advertisement369 2016-08-27 1 L "v W Ml J < h Jr df f 'r f t <£r t !Tl f=i <= ITJ t I mta/atlan^/ To the winners of the Asia Pacific Entrepreneurship Awards 2016, we applaud your excellence in responsible entrepreneurship emulating strong commitment, advocacy, integrity and leadership in Singapore. Not only369 words
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SPECIAL FEATURE
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Article, Illustration626 2016-08-27 2 Speech by Dr Fong Chan Onn, chairman, Enterprise Asia, at the Asia Pacific Entrepreneurship Awards 2016 Singapore on Aug 11,2016, at the Singapore Marriott Tang Plaza Hotel APEA 2016 SINGAPORE Mr Seah Kian Peng, Member of Parliament; Mr William Ng, President of Enterprise Asia: Distinguished guests, ladies and626 words
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Article, Illustration523 2016-08-27 3 The CEO of of Del Monte Pacific, stepped out of a family business to build a food conglomerate APEA 2016 SINGAPORE COMING from a global branded food and beverage company, Joselito D Campos, Jr, knows that growing a business is much like growing an orchard. “Nothing comes523 words
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Article, Illustration494 2016-08-27 4 Auric Pacific Group CEO Andy Adhiwana aims to take the company to new heights APEA 2016 SINGAPORE A DARING switch from medicine to business proved to be the right “surgery” for Andy Adhiwana. Back in 2011, he was on the verge of a successful career494 words
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Article, Illustration550 2016-08-27 5 Founder of E. Excel International Group Jau-Fei Chen leverages positive thinking to achieve superior results APEA 2016 SINGAPORE THE seven-letter word, “failure”, is not in the dictionary of Jau-Fei Chen, founder of E. Excel International Group and pioneer of the science of E.550 words
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Article, Illustration531 2016-08-27 6 Shalini Kamal Sharma of Formula One Furniche believes that a successful firm must innovate every day APEA 2016 SINGAPORE QUITTING is never an option in the world of entrepreneurship, says Shalini Kamal Sharma, group managing director of Formula One Furniche Private Ltd. She believes from her personal531 words
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Article, Illustration489 2016-08-27 7 Regal International CEO Su Chung Jye has succeeded by staying resilient in the face of setbacks APEA 2016 SINGAPORE THERE’S a lot of fire in the belly of Su Chung Jye, executive chairman and chief executive officer of Regal International Group Limited. When asked for one489 words
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Advertisement162 2016-08-27 2 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA DannyLoLeongHay Chief Executive Officer Watt Wah Petroleum Haulage Pte Ltd “Transportation Logistic Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection162 words
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Advertisement162 2016-08-27 2 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Dato’ Colin Tan Group Managing Director Hatten International Pte Ltd “Property Development Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection162 words
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Advertisement169 2016-08-27 3 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Joselito D. Campos, Jr. Chief Executive Officer Managing Director Del Monte Pacific Limited “Entrepreneur of the Year Food Beverage Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each169 words
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Advertisement163 2016-08-27 4 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Dr. Andy Adhiwana Group Chief Executive Officer Auric Pacific Group Limited “Consumer Goods Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent163 words
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Advertisement160 2016-08-27 5 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Dr. Jau-Fei Chen Founder E. Excel International Group “Education Training Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which160 words
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Advertisement165 2016-08-27 6 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Shalini Kamal Sharma Founder Group Managing Director Formula One Furniche Pte Ltd “Industrial Commercial Products Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo165 words
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Advertisement197 2016-08-27 7 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA DominicSuChung Jye Chief Executive Officer Founder Executive Chairman Regal International Group Ltd “Property Development Industry” Dominic Su believes in turning “impossible into likely impossible; likely impossible into maybe possible; maybe possible into possible; possible into reality”. His optimistic outlook and “never-impossible” attitude is the core philosophy197 words
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Advertisement352 2016-08-27 8 onnn, Award winning alumni 12 COUNTRIES 1 Award Be Part of The Movement. INFO@ENTERPRISEASIA.ORG APEA 2016 CHAMPIONING A FREE, FAIR& ENTERPRISING ASIA David Kwee Chief Executive Officer Training Vision Institute Pte Ltd “Education Training Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven352 words
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