The Business Times, 20 September 2016
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2016-09-20
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The Business Times
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Title Section22 2016-09-20 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Tuesday, September 20, 201622 words
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Article, Illustration251 2016-09-20 1 Australia’s stock exchange suspends trading for the rest of the day after earlier saying that the problem that caused a 90-minute delay to Monday’s open had been resolved. TOP STORIES 2 Logistics provider UPS will open an on-demand 3D printing factory in Singapore by the end of this251 words
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Article, Illustration1233 2016-09-20 1 Jacquelyn Cheok - But some players still hold faith in accelerators in their current form STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE startup ecosystem is at a tipping point, one where accelerators are starting to disrupt themselves. Accelerators an ecosystem stalwart that has helped many startups disrupt1,233 words
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Article, Illustration750 2016-09-20 1 Lee Meixian - Surbana Jurong chairman Liew Mun Leong says TPP, One-Belt-One-Road initiative can reignite global growth INFRASTRUCTURE GROWTH By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AMID slowing global growth, mounting political uncertainty and divergent monetary policies, trade pacts that promote infrastructure development are a “silver lining”,750 words
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Article26 2016-09-20 1 Monday Change STI 2,852.14 +24.69 KL Comp 1,651.71 -1.28 Nikkei 225 16,519.29 +114.28 Hang Seng 23,550.45 +214.86 Shenzhen B 1,184.23 +6.96 Dow(11.45am EDT) 18,229.74 +105.9426 words
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Page 1 Advertisements
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Advertisement47 2016-09-20 1 *****1 *****1 THE BUSINESS TIMES rB V LG A R I ROMA «Details make perfection, and perfection is no! a detail» Leonardo da Vinci BOUTIQUES: TAKASHIMAYA DEPARTMENT STORE, THE SHOPPES AT MARINA BAY SANDS ALSO AVAILABLE AT AUTHORIZED WATCH RETAILERS ->• 22 O O fey 1 x O47 words
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Advertisement15 2016-09-20 1 OFFICE DEAL CLSA Capital Partners doing due diligence on 77 Robinson Rd REAL ESTATE 1515 words
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Advertisement25 2016-09-20 1 LATEST BUZZWORD Dealing with disruption STRATEGY SPOTLIGHT 13 HOCK LOCK SIEW Is HK a threat to Singapore’s lead in Asia FX trading? COMPANIES MARKETS 825 words
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Advertisement23 2016-09-20 1 Singapore SMEs slow to adopt business model innovation to gain edge, Page 2 Creativity around infra financing not yet exhausted: AIIB, Page 423 words
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TOP STORIES
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Article, Illustration867 2016-09-20 2 Disruption comes at sensitive time with policy meetings scheduled at BOJ and US Fed this week BLOOMBERG Sydney AUSTRALIA’S stock exchange suspended trading for the rest of the day after earlier saying that the problem which caused a 90-minute delay to Monday’s openBLOOMBERG; PHOTO: BLOOMBERG - 867 words
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679 2016-09-20 2 Jacquelyn Cheok - Tech pundits say early adopters of BMI can identify profitable niches within existing businesses By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore LOCAL firms have been slow to adopt business model innovation (BMI), a critical tool during a time of rapid679 words
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Article, Illustration291 2016-09-20 2 Singapore GP’s deal to host night race due to expire after next year’s event THE STRAITS TIMES Singapore WITH Singapore Grand Prix’s deal to host Formula One races due to expire after next year’s night race, MinisterTHE STRAITS TIMES; PHOTO: BLOOMBERG - 291 words
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Article, Illustration732 2016-09-20 4 Vivien Shiao - It says the technology will change how manufacturing firms here operate, especially at the prototyping stage By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore LOGISTICS provider UPS said on Monday that it will be opening an on-demand 3D printing factory in Singapore by the732 words
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Article, Illustration751 2016-09-20 4 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore WHY isn’t more private capital going into infrastructure projects? One reason is because governments are choosing to fund the most bankable projects themselves, leaving riskier, less palatable projects to private investors, Pang Yee Ean, director-gen-eral (investments)751 words
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775 2016-09-20 6 Bank for International Settlements points to its credit to GDP gap hitting a record high of 30.1% in Q1 AFP REUTERS Beijing CHINA’s banking sector could be facing an imminent debt crisis, a global central bank watchdog has warned, fuelling fresh fears aboutAFP; REUTERS - 775 words
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Article, Illustration584 2016-09-20 6 WP REUTERS New York AN Afghanistan-born American sought in connection with a bombing that wounded more than two dozen people in New York City and who could be linked to other bombs found in New York and New Jersey wasWP; REUTERS; PHOTO: REUTERS - 584 words
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Page 3 Advertisements
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Advertisement177 2016-09-20 3 JAGUAR XJ NO ONE EVER SAYS “GO MEDIUM” V.S <■ c m > 'M m "i «L v inii 1 •'M in t* V rz a LU j M. j s-sas* v ?SS»2 The XJ 2.0 Standard Wheelbase (SWB) lets you live large in luxury, and it’s evident in every177 words
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Page 4 Advertisements
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Advertisement161 2016-09-20 4 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist161 words
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Page 5 Advertisements
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Advertisement121 2016-09-20 5 PATEK PHILIPPE GENEVE Begin your own tradition. Y, Y« /Y< Wn V m i V m ill 1 mmm **<•- Wj 111 u t'3\ 91 a 'it mi w mst WlPSil fwmWi MwWmm mm 77 7 as I Si/il 111 A in f ii i Mil m( I mf M121 words
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Advertisement497 2016-09-20 6 Qudt< y v* i TALI AND In partnership with T-JQRf'' dv SEBi 1 I i I M 1 1 J M 3 s fft/'S'to f/ta/ui/to cJoe/iM' The Art of N t DINING n Cuisine of Chef Emanuele Mazzella r u < -V 4/ The Cuisine of Masterchef igles Corelli with497 words
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COMPANIES & MARKETS
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565 2016-09-20 7 Anita Gabriel - M&A slow patch more pronounced on quarterly basis, falling 26.7% to US$12b in Q3 from a year ago By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore BIG ticket deals such as the US$3.8 billion BOC Aviation spinoff and the US$2.5 billion sale565 words
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444 2016-09-20 7 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WHILE profitability for the VIP gaming business outside Macau is outperforming Asia’s answer to Las Vegas, Morgan Stanley analysts aren’t bullish on Genting Singapore. This is against the backdrop of a challenging environment for the global VIP segment,444 words
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CORPORATE DIGEST
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Article68 2016-09-20 7 SPECIALIST ground engineering firm Ryobi Kiso Holdings said it has secured additional contracts worth S$78.8 million, bringing the value of total contracts secured since Jan 1 to S$168.8 million. Some of the contracts awarded for foundation and geoservices work include the Deepwater Ocean Basin at Prince Georges Park68 words
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Article94 2016-09-20 7 IHH Healthcare Berhad on Monday said that its subsidiary Parkway Pantai Limited (PPL) has accepted a banking facility worth S$1.8 billion. IHH said that PPL had on Sept 15 signed a facility agreement for a committed unsecured multi-currency five-year revolving credit facility granted by mandated lead arrangers comprising94 words
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Article79 2016-09-20 7 WONG Pak Him, an independent director of Cedar Strategic Holdings, has been redesignated an executive director of the Catalist-listed property development firm. He now holds 13.03 per cent of ordinary voting shares in Cedar, up from 4.34 per cent before the latest rights issue. Mr Wong has79 words
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Article47 2016-09-20 7 WONG Mei Lian has resigned as chief financial officer of Mapletree Logistics Trust (MLT) Management. She will be relinquishing her role on Nov 12 to pursue other interests. MLT Management said that it has found a suitable replacement and will make a further announcement.47 words
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Article, Illustration856 2016-09-20 8 Cai Haoxiang - Tech continuing to gain prominence in global economy, fund’s portfolio manager tells BT By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TECHNOLOGY stocks are still cheap relative to past numbers, said Richard Clode, a portfolio manager with Henderson Global Investors, one of the largest technologySource: Bernstein as at Aug 1,2016. MSCI All-Country World Technology Sector price-to-forward earnings relative to MSCI All-Country World Index; Source: Bernstein as at June 30,2016 - 856 words
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441 2016-09-20 8 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A SUBSIDIARY of mainboard-listed Chinese property developer Chiwayland International has acquired a 73,351 square metre parcel of land in Wuxi, near Shanghai, the group said on Monday. No price was announced. The441 words
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1221 2016-09-20 8 SIOW LI SEN - HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT SINGAPORE remains the world’s third largest foreign exchange (FX) centre and Asia’s biggest, accordingto the 2016 Triennial Central Bank Survey by the Bank for International Settlement. This is no mean1,221 words
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Article, Illustration655 2016-09-20 8 BLOOMBERG London NOBLE Group Ltd is still seeking a strategic investor as the founder and chairman of the embattled Asian commodities trader says it will take as many as two years for a returnBLOOMBERG; PHOTO: BLOOMBERG - 655 words
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608 2016-09-20 9 Lynette Khoo - Below 15% of debts due for refinancing in next 12 months By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore REFINANCING risk among Asia-Pacific Reits is manageable over the next 12-18 months as less than 15 per cent of their debts on average are due for refinancing608 words
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271 2016-09-20 9 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MAINBOARD-listed real estate company Thakral Corporation said on Monday that GTH Resorts a joint venture between TCAP Partners (a subsidiary of Thakral) and PVAP Pty Ltd (a subsidiary of Living Gems Lifestyle Resorts) has bought its first271 words
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330 2016-09-20 9 BLOOMBERG Hong Kong THE appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. But global fund managers are urging caution. Since Aug 1, sevenBLOOMBERG - 330 words
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Article, Illustration63 2016-09-20 10 STI Catalist Straits Times Index Sept 19,2016 2,852.14 +24.69 (+0.87%) Current streak 2 days Day high 2,852.14 Day low 2,824.88 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 19,2016 436.07 +6.75 (+1.57%) Current streak 1 day Day high 436.50 Day low63 words
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Article, Illustration653 2016-09-20 10 R Sivanithy - Penny stocks in play led by ISR Capital, while ST Index drifts before late afternoon surge STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Monday drifted within a narrow band before a late afternoon push took it up 24.69 points to 2,852.14,Source: Bloomberg - 653 words
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Article302 2016-09-20 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +2 242/238 257 209 6.4 6697.9 CapitaCom Trust 157.5 -0.5 158.5/156.5 164 127 5.5 4666 CapitaLand 315 +3 315/309 340 267 12.6 2.9 *****.9 CapitaMall Trust 211 +3 211/207 225 185302 words
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Article35 2016-09-20 10 VOLUME Noble 188,215,000 Annica 135,747,600 LionGold 89,318,200 ISR Capital 88,768,800 Addvalue Tech 87,187,000 Market volume 1,904,209,000 VALUE Singtel 66,556,014 DBS Grp 47,485,747 UOB 46,830,344 JMH USD 36,915,644 OCBC Bank 34,661,628 Market value 778,064,00035 words
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Article108 2016-09-20 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 764 289/287 314/254 289/290 IS MS INDIA US$ US734 +2 146 735/731 772/575 733/737 91.8 DBXT MSPHILS US$ US203.2 -2.5 80 203.2/202.7 222.5/158.5 203.6/204.4 16.3 DBXT MSBrazil US$ US364 +3 43 364/360 391/190108 words
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Article77 2016-09-20 10 Sep 19 VALUE CLOSE BT OB/OS 82.00 +102.00 BT CADI -*****.00 +60.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 683.68 +1.44 FTSE ST Small Cap 380.68 +0.07 FTSE ST All Share 700.11 +4.79 FTSE ST China Top 159.65 +1.18 FTSE ST China 195.31 +3.25 FTSE77 words
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Article, Illustration36 2016-09-20 10 STI FTSE ST All-Share FTSE ST All-Share index Sept 19, 2016 700.11 +4.79 (+0.69%) Current streak 2 days Day high 700.11 Day low 694.89 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)36 words
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Article, Illustration33 2016-09-20 10 STI MSCI EAFE MSCI EAFE Index Sept 16,2016 1,664.77 -11.40 (-0.68%) Current streak 1 day Day high 1,683.37 Day low 1,661.03 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-09-20 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 1 6 5 4 Manufacturing 33 26 30 11 6 14 44 32 44 Commerce 17 15 12 3 4 6 20 19 18 Tpt/Stor/Comms 13 12 6186 words
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Article122 2016-09-20 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,541 254 10,795 26,348 41 26,389 Manufacturing 89,896 287,242 377,138 83,043 1,914 84,958 Commerce 232,200 25,468 257,668 90,096 479 90,575 Tpt/Stor/Comms 147,764 1,186 148,950 126,183 116 126,299 Finance 102,017 812 102,829 162,587 102 162,689 Construction122 words
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Article71 2016-09-20 10 BY CENTS CLOSE UP 52w high/low JMH USD 6090 103.7 1.3 6371/4500 DBXT Vietnam US$ 2435 101.0 3.1 2533/2017 DBXT MSAsExJp US$ 3544 87.3 1.8 3633/2772 DBXT MSKorea US$ 5737 70.9 0.9 6041/4629 Jardine C&C 4202 62.0 1.5 4520/2636 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.3 200.0 0.271 words
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Article76 2016-09-20 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4895 -118.7 -1.7 5021/4031 Great Easten 2060 -20.0 -1.0 2332/1940 IS Asia BND US 1090 -12.3 -0.8 1126/1010 XMH 33 -8.5 -20.5 62.4/33 Haw Par Corp 902 -8.0 -0.9 946/720 BY PERCENTAGE CLOSE DOWN 52w high/low Serrano 0.9 -57.1 -1.276 words
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Article81 2016-09-20 10 VOL CLOSE($) CHANGE Attilan 62,890.6 0.010 +0.004 +66.67 China Intl 86.0 0.112 +0.019 +20.43 Ziwo 307.5 0.018 +0.009 +100.00 ISR Capital 88,768.8 0.260 +0.108 +71.05 LionGold 89,318.2 0.002 +0.001 +100.00 Intraco 55.3 0.350 +0.110 +45.83 China Mining 255.9 0.620 +0.120 +24.00 NutryFarm 58.6 0.290 +0.050 +20.83 Addvalue Tech81 words
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BROKERS’ TAKE
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Article120 2016-09-20 10 Tat Hong Holdings Hold Sept 19 close: S$0.485 Target price: S$0.49 OCBC Investment Research, Sept 19 BACK in March 2016, Tat Hong Holdings had announced the company was approached with regard to a potential transaction which may or may not lead to an acquisition of the company’s issued share capital.120 words
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Article81 2016-09-20 10 United Overseas Bank Hold Sept 19 close: S$18.81 Target price: S$18.34 Maybank Kim Eng Research, Sept 19 WE attended UOB Engage 2016 where it showcased its digital banking capabilities and various initiatives it intends to roll out. We saw UOB’s digitalisation efforts to differentiate itself through its ability to roll81 words
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Article220 2016-09-20 10 Jamie Lee - Courts Asia Add Compiled by Jamie Lee Sept 19 close: S$0.415 Target price: S$0.53 CIMB Research, Sept 18 THE forgotten child has not been rewarded. We view Courts as a turnaround story, with earnings growth driven by better margin management and cost reduction. Upside could also come from a more220 words
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476 2016-09-20 11 CURRENCIES REUTERS London THE dollar fell from a two-week high on Monday, with a stronger oil price the chief theme in a market battening down the hatches ahead of central bank policy meetings in Japan and the United States. Commodity-linked currencies including theREUTERS - 476 words
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FOREX RATES
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Article471 2016-09-20 11 Sep 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 5.026 0.675 5.847 50.438 99.185 0.769 8.441 3.120 1.032 78.808 36.047 1.028 10.645 0.739 23.667 26.274 0.577 0.754 Canada 1.008 5.067471 words
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Article155 2016-09-20 11 Sep 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0279 1.0290 0.7535 0.7537 Canadian dollar 1.0364 1.0375 0.7599 0.7597 Euro 1.5218 1.5234 1.1155 1.1159 NZ dollar 0.9961 0.9974 0.7302 0.7306 Sterling pound 1.7815 1.7835 1.3059 1.3064155 words
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Article22 2016-09-20 11 Sep 19 S$ Bid Offer 1-month 1.3641 1.3654 2-months 1.3640 1.3654 3-months 1.3642 1.3654 6-months 1.3638 1.3654 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article378 2016-09-20 11 Sep 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9567.50 9662.50 9567.50 9655.00 *****2 *****2 Oct16 9587.50 9675.00 9582.50 9662.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar17 *****.00 *****.00 *****.00 *****.00 17 844 MSCI TAIWAN378 words
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205 2016-09-20 11 Most active Sep 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****8 3.3 -0.2 6829 0.1 915 4 DBS MB eCW*****1 11 0.4 3410 0.1 1550 5 UOB MB eCW*****1 10.5 -0.6 1821 0.1 1880205 words
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377 2016-09-20 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 16 Index Change Change Change Change Change Change World Preliminary 1287.2 -0.4 0.7 -0.3 -1.7 -0.5 2.0 EAFE Preliminary 956.5 -0.2 -5.6 -0.4 -6.5 -0.7 -3.0 Europe Preliminary 1369.8 -0.7 -3.0377 words
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BANK RATES
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Article154 2016-09-20 11 Sep 19 $S Offer Bid 0vernight 0.04 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12154 words
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Article63 2016-09-20 11 Sep 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.08 5-Year NX*****X 2.250 01-Jun-21 104.19 104.30 104.26 10-Year NX*****F 2.125 01-Jun-26 102.25 102.40 102.32 15-Year NZ*****F 2.875 01-Sep-30 108.39 108.65 108.65 20-Year NZ*****X 2.250 01-Aug-36 100.01 30-Year NA*****H63 words
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AGRI METALS ENERGY
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Article250 2016-09-20 11 Sep-16 Price Net change change Last Trade Agricultural Sep-16 CBOT Soybeans (US cents/bu) 966.00 15.50 1.63% 14/11/2016 CBOT Soybean Oil (US cents/lb) 31.98 -0.06 -0.19% 14/10/2016 CBOT Wheat (US cents/bu) 403.25 3.75 0.94% 14/12/2016 Sep-16 LIFFE Cocoa (£/tonne) 2246.00 -4.00 -0.18% 13/12/2016 LIFFE Coffee (US$/tonne) 1923.00 -4.00 -0.21%250 words
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Article1741 2016-09-20 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 142 +0.5 62 142 141 0.9 8 905 Div 144 101 ARA Asset Mgmt 135.5 +0.5 244 1371,741 words
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Article366 2016-09-20 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div 5 1.7 t Acesian Partners 3 unch 59 3 3 4.1 11.2 Net 0.6 0.1 t Advanced Systems 0.3 unch 0 0.3 0.2 7.9 46.5 29.5 t366 words
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Article115 2016-09-20 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3240 2355 DBXT China50 US$ US3175 +6 2 3175 3175 8.7 391 190 DBXT MSBrazil US$ US364 +3 43 364 360 Low 6041 4629 DBXT MSKorea US$115 words
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Advertisement145 2016-09-20 7 AccountServe A Stone Forest Company Globally Connected “Em Need Help with XBRL Reporting? 24 Hrs 8,000 turnaround time* reports since Nov 2007 *Terms conditions apply www.AccountServe.com.sg XBRL(a)AccountServe.com.sg T+65 6222 6868 gumi Asia’s Ronnie Tan employs two of his staff through the SkillsFuture Earn and Learn Programme. Peir-fecL TkevjVe MirWe4Careers are145 words
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Page 9 Advertisements
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Advertisement3049 2016-09-20 9 TRANSFER OF THE PRIVATE BANKING, TREASURY AND WEALTH MANAGEMENT BUSINESS OF BSI BANK LIMITED (UEN: *****0983Z) TO THE SINGAPORE BRANCH OF EFG BANK AG (UEN: T03FC6371J) PURSUANT TO SECTIONS 30AAG AND 30AAH OF THE MONETARY AUTHORITY OF SINGAPORE ACT (CHAPTER 186 OF SINGAPORE) Notice is hereby given that a scheme3,049 words
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Advertisement9 2016-09-20 10 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement71 2016-09-20 12 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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STRATEGY SPOTLIGHT
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Article, Illustration1334 2016-09-20 13 FRANCIS KAN - While fending off more innovative competition, established businesses are also seeking advantages from disruptive technologies. BY FRANCIS KAN Disruption is the latest buzzword in the business world, as innovative startups re-write the rules of the game across the commercial landscape. The most high-profile cases have been Uber1,334 words
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Advertisement161 2016-09-20 13 SING/ CPA CONGRESS "VU CONNECTING THE BIGGEST MINDS. 1 APORE 11 OCTOBER RAFFLES CITY CONVENTION CENTRE CPA Congress, the premier event for the accounting and finance profession, connects you to the world's most recognised thought leaders, innovators and disruptors. Find out about the latest developing trends in grooming new leaders161 words
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Advertisement7 2016-09-20 13 This series is brought to you by7 words
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REAL ESTATE
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827 2016-09-20 14 Lynette Khoo - Two of Wartsila’s properties at Pandan Crescent and Benoi Crescent will be sold on sale-and-leaseback basis By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AS part of its global exercise to go as-set-light, Wartsila Singapore the Singapore unit of Finland-listed marine and827 words
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Article, Illustration774 2016-09-20 14 Kalpana Rashiwala - Seller OCBC has just put up another four Amoy Street shophouses on the market By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore OCBC seems to be on a roll selling conservation shophouse properties of late. It recently sold a pair ofFILE PHOTO - 774 words
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Article, Illustration653 2016-09-20 15 Kalpana Rashiwala - Its pricing is believed to be slightly above S$1,800 psf on NLA, or over S$530 million By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CLSA Capital Partners is said to have been selected to do exclusive due diligence for the653 words
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360 2016-09-20 15 REUTERS Sydney AUSTRALIA has forced the sale of 16 properties bought without government permission by foreigners, Treasurer Scott Morrison said on Monday, after ramping up enforcement of overseas investment rules that have until recently been rarely applied. Foreign ownership of land has becomeREUTERS - 360 words
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Page 14 Advertisements
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Advertisement298 2016-09-20 14 Freehold Commercial Building Along Orchard Road Substantial Shareholding ForSaleByEOI,Closing30-September2016 Type: 25 Storey Mixed Development Buildings (Retail: 21 Titles Office: 38 Titles) Tenure: Freehold Zoned: Front Tower: Commercial Rear Tower: Commercial Residential Master Plan Plot Ratio: 4.9+ Commercial Strata Area For Sale: Total Retail: Approx. 692sqm 7,449sqft Total Office: Approx. 8,903sqm298 words
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Advertisement124 2016-09-20 14 THREE ADJOINING FACTORIES NEAR FUTURE GUL CIRCLE MRT CUSHMAN WAKEFIELD X Note:*All areas are approximate and subject to final survey *Sale is subject to contract, JTC’s and other relevant authorities’ approval FOR SALE BY EXPRESSION OF INTEREST CLOSING 14 OCTOBER 2016 (FRIDAY) 3.00pm Annalyn Ooi (R*****6G) 6232 0886 9724 3662124 words
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Advertisement344 2016-09-20 14 SALE LEASEBACK OPPORTUNITIES FOR 2 JTC INDUSTRIAL PROPERTIES ,||lw CUSHMAN V lllllllfc WAKEFIELD Estate Agents Licence No: L*****33E mui, .11. Mil lit cjE I W.I A NO. 11 PANDAN CRESCENT NO. 14 BENOI CRESCENT Three factory-cum-workshops a 5-storey office block/ Canteen/ Waterfront Access Land Area 35,511.5 sq m (includes 3,110344 words
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Page 15 Advertisements
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Advertisement291 2016-09-20 15 Expected TOP 1 st Quarter 2017 VISION E X C H A N G E Inspiring Works. Creating Opportunities. OFFICE FOR LEASE Flexible sizes and layout from 2,000 to 25,000 sq ft per floor Suitable for corporate HQ, sales or branch office with grand lobby entrance 24 hours access security291 words
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Advertisement702 2016-09-20 15 CM A DT Investment W wl T IMI\ I International Property Expo All About Property Financial Investment U igt 24 25 September 2016, 11 am 7pm J§| Hall D, Sands Expo Convention Center, r?; Marina Bay Sands 11 -3 Over 22 Investment Seminars Wide Selection of Overseas Properties on Offer702 words
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BANKING & FINANCE
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Article, Illustration1316 2016-09-20 16 Private funds seek record US$32b as buyout firms, Reits and hedge funds expand lending BLOOMBERG New York HEIGHTENED scrutiny of US commercial real estate lending is paving the way for lightly regulated investors to gain a bigger toehold in lucrative deals.BLOOMBERG; PHOTO: BLOOMBERG - 1,316 words
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Advertisement481 2016-09-20 16 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l481 words
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Advertisement580 2016-09-20 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BALEARIC INVESTMENT HOLDING PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NUMBER: *****4880W FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Members580 words
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Advertisement210 2016-09-20 16 10 Anson Road #32-15 International Plaza Singapore *****3 Tel: 6226 2555 Fax: 6221 9265 Email: email@complete-corp.com.sg IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF TGWI ASIA PTE. LTD. CO. REGISTRATION NO. *****1438K (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given210 words
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Advertisement294 2016-09-20 16 Joey Choy ShareInvestor Academy Trainer Joey is one of the Award-Winning Top Tier Remisiers (Stock Brokers) and Traders in Singapore. He was awarded Top CFD specialist in 2013, Top Account Growth Achiever and Top CFD Remisier in 2014 followed by Top Trading Representative in 2015 by Phillip Securities. His Signature294 words
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ENERGY & COMMODITIES
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Article, Illustration555 2016-09-20 17 Cartel’s Sept 27 meeting comes after IEA said global oversupply will last longer than previously thought BLOOMBERG New York OIL speculators headed for the sidelines as Opec members prepare to discuss freezing output in the face of signs that the supplyBLOOMBERG; PHOTO: BLOOMBERG - 555 words
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500 2016-09-20 17 BLOOMBERG Hong Kong JAPAN’S steelmakers are set to pay for China’s effort to manage its coal industry as a surge in metallurgical prices flows through to quarterly supply contracts. Spot hard coking coal has more than doubled thisBLOOMBERG - 500 words
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Page 17 Advertisements
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Advertisement186 2016-09-20 17 Al RFRANCE f FRANCE IS IN THE AIR V 3 .-v r h>ri9 W'S- is—- tmM k r ->v 1V SB#?;; f ><v-. 2fg > V iW’VVX iff 1 m 4a as SHE^i m y*$£y' m mi m it >% ism y sin -'■#1 f V w> S5sr SK -v186 words
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TECHNOLOGY
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916 2016-09-20 18 Users are furious that it has become a tool that allows ads it deems acceptable to be seen, often for a price NYTIMES New York ADBLOCK Plus, an ad blocker now used on more than 100 million devices,NYTIMES - 916 words
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Article, Illustration603 2016-09-20 18 WANG HONGJUN - BY WANG HONGJUN The smartest person in the room used to be the person who can memorise and recall facts with great accuracy. Today, with the help of a smartphone, a reliable data connection and decent ‘googling’ skills, we can all recall and confirm603 words
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Article, Illustration622 2016-09-20 18 NYTIMES San Francisco THIS is the year artificial intelligence (AI) came into its own for mainstream businesses, at least as a marketing feature. On Sunday, Salesforce.com, which sells online software for sales and marketing, announced it would be adding AI toNYTIMES; PHOTO: BLOOMBERG - 622 words
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Page 18 Advertisements
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Advertisement32 2016-09-20 18 Learn to cope with the increasing demand for content and produce more with less with "The Art of Content Curation" workshop organised by STJobs on 28 September. SIGN UP TODAY AT HTTP://LEARNING.STJOBS.SG/WORKSHOPS.32 words
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Advertisement26 2016-09-20 18 All workshops organised by STJobs qualify for tax savings under the Productivity and Innovation Credit (PIC) scheme*. *Subject to terms and conditions under the PIC scheme.26 words
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FOCUS: CYBER SECURITY
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Article, Illustration3022 2016-09-20 19 Securing online data vital to cloud computing Smart Nation effort A coherent cyber-security policy to protect information residing online is vital for Singapore, say experts Roundtable panellists: IThio Tse Gan, Cyber Security Leader, Deloitte South-east Asia; IViktor Pozgay, Chief Information Security Officer, Avaloq Sourcing Asia Pacific (Singapore) Pte Ltd; ILionel3,022 words
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Page 19 Advertisements
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Advertisement9 2016-09-20 19 This series is brought to you by Deloitte Singapore9 words
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Page 20 Advertisements
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Advertisement507 2016-09-20 20 FORAGE INTO THE WORLD OF DIGITAL Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs, Marketing and Sales Professionals EXCLUSIVE HOT GAINING AN INSIGHT INTO DIGITAL NEWSROOM FOR THAT BETTER STORY PITCH S E P 1 6 22THURSDAY SPH News Centre 1.30pm to 5.00pm What you will learn:507 words
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CONSUMER
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Article, Illustration1042 2016-09-20 21 Fritz Hahn - The biggest challenge for these legacy brands is to stay relevant in a beer universe that thrives on hype By Fritz Hahn WP Washington BEER drinkers are fickle. Put us in a bar in front of dozens of tapsWP; PHOTO: REUTERS - 1,042 words
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366 2016-09-20 21 BLOOMBERG Shanghai NANJING dressmaker V-Grass Fashion Co has an audacious plan to become the Valentino of the Chinese fashion world, and buying a South Korean fast-fashion brand with more than six times as many stores in China is part of itsBLOOMBERG - 366 words
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Page 21 Advertisements
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Advertisement166 2016-09-20 21 Singapore INTERNATIONAL INDIAN EXP***** 5 > m m come&j tcb u/m SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEP’2016,10AM TO 10PM OVER 160+ EXHIBITORS WITH *****+ PRODUCTS MRS INTERNATIONAL SINGAPORE 2016 TALENT SHOWCASE LIVE PERFORMANCE BY WORLD MUSIC BAND LOTUS C0LLAB SGS NAVRATRI 2016 DANCE WORKSHOP MESMERISING DANCE166 words
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Advertisement116 2016-09-20 21 Enquire Now For A FREE Site-Survey HB m s wamam vision beyond boundaries Vie Singapore’s Leading Security Technology Provider +65 *****559 sales@innotec.com.sg e g Available on Android iOS -CCTV for Home +65 6876 7922 www.cctvresidential.com.sg -CCTV for Business +65 6750 4463 www.cctvbusiness.com.sg (Vf Product Warranty (V) Aftersales Support (Vf Clean116 words
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TRANSPORT
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622 2016-09-20 22 Virginie Mangin - But both traditional carmakers and Internet companies face high financing costs, legislation that has yet to be defined and technical issues By Virginie Mangin btworld@sph.com.sg Beijing MORE than 10 Chinese companies are hoping to launch autonomous cars within the next five years. But analysts622 words
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Article, Illustration562 2016-09-20 22 REUTERS BLOOMBERG Sydney CHINESE and Australian sovereign wealth funds, along with other investors, on Monday said they will take Australia’s busiest port private for a higher-than-expected A$9.7 billion (S$9.98 billion), a sign that tough equity markets are fuelling appetite for infrastructure. The group ofREUTERS; BLOOMBERG; PHOTO: REUTERS - 562 words
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449 2016-09-20 22 BLOOMBERG Seoul HANJIN Shipping Co, the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet. GivingBLOOMBERG - 449 words
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315 2016-09-20 22 BLOOMBERG London ROLLS-Royce Holdings Plc is eliminating more than 200 positions from its management team as chief executive officer Warren East extends a widereaching restructuring of the embattled engine-maker. The additional cuts will bring the total trimming of management positions under MrBLOOMBERG - 315 words
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Page 22 Advertisements
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Advertisement92 2016-09-20 22 FRANCHISING LICENSING ASIA 2016 International Conference Workshop ENTER EXPAND INTERNATIONAL CONFERENCE EXPLORE 14 Oct, 9.00am 5.30pm) 6 Roundtable Discussions DANNY LEE Wingstop Restaurants, Inc ANEESH DEEPAK GOEL The Zest Group Come as a group of 2 4 pax and save 40% off published rates! Fees Registration: www.FranchiseLicenseAsia.com/cw-prog BIZUNK Exhibition Services92 words
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Advertisement49 2016-09-20 22 HOT PROPERTY THE GRANDSTAND 400-7000 sf. Suits F&B/ Retail Svc/ Office/ Clinic/ Travel, Maid Agy. Low Rates. Long Lease to 12/2020 avail. MIDTOWN (HOUGANG) S/STY shop. Residential upstairs. Avail immed,MRT. LOOKING FOR A SHOP SPACE TO RENT? Check out these properties and more in The Straits Times Classified now!49 words
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Advertisement19 2016-09-20 22 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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GOVERNMENT & ECONOMY
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686 2016-09-20 23 Neil Behrmann - Leaked document says the UK can be fined if it negotiates official trade deals with non-EU nations By Neil Behrmann btworld@sph.com.sg London ILLUSTRATING the UK’s difficulties prior to leaving the European Union (EU), a leaked document contends that the686 words
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Article, Illustration724 2016-09-20 23 REUTERS Hong Kong VIETNAM has invited about half a dozen foreign investment banks to advise it on selling its stake in dairy company Vinamilk, sources said, in one of the strongest signs yet of the government getting serious about offloading its most lucrativeREUTERS; PHOTO: REUTERS - 724 words
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467 2016-09-20 23 REUTERS Brussels EUROPEAN Union (EU) antitrust regulators opened a probe on Monday into tax deals granted by Luxembourg to French power utility Engie, stepping up the EU’s campaign against tax avoidance by multinationals. The European Commission said that it had concerns theREUTERS - 467 words
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461 2016-09-20 23 REUTERS Jakarta INDONESIA plans to pursue Alphabet Inc’s Google for five years of back taxes, and the search giant could face a bill of more than US$400 million for 2015 alone if it is found to have avoided payments, aREUTERS - 461 words
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378 2016-09-20 23 AFP Frankfurt THE European Central Bank (ECB) must not allow low interest rates and monetary stimulus to last indefinitely, the head of Germany’s Bundesbank (central bank) said on Monday. “Under no circumstances can interest rates remain so low for longerAFP - 378 words
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Page 23 Advertisements
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Advertisement13 2016-09-20 23 Life begins after coffee Grab a copy at all good bookstores and www.stpressbooks.com.sg13 words
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Advertisement66 2016-09-20 23 sell Asia 2016 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2016 18-20 OCTOBER 2016 Singapore EXPO Halls 3 4 and MAX Atria 10am-6pm (18-19 Oct) 110am-5pm (20 Oct) M&'tmmtr Constmumjff Productive iachui^rfi& Technologies M liuildiri j Quality i'iJ-.. Finishes III* -Tvr.wttfcrRtv^! Featuring 4 Key Segments Construction66 words
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OPINION
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591 2016-09-20 24 EDITORIAL Australia’s record of an unbroken 100 quarters of economic growth is certainly reason for cheer. The economy grew 3.3 per cent over the last financial year ended June 30. The last recession ended in June 1991 when the jobless591 words
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Article, Illustration819 2016-09-20 24 Robert Samuelson - THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE betting is that the US Federal Reserve won’t raise interest rates at this week’s meeting of the Federal Open Market Committee, its key policymaking body. There are already complaints that theTHE WASHINGTON POST WRITERS GROUP - 819 words
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Article, Illustration1385 2016-09-20 24 PRANAB BARDHAN - An economist offers a path forward for liberals to respond to rising right-wing anger and populism. BY PRANAB BARDHAN BY PRANAB BARDHAN T The writer is an economist and professor at the University of California, Berkeley. His most recent books are Globalization, Democracy andYALEGLOBAL ONLINE; PHOTO: AFP - 1,385 words
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961 2016-09-20 25 Sunny Verghese - COMMENTARY By Sunny Verghese T The writer is co-founder and CEO of Olam International, a leading agri-business operating across the value chain in 70 countries, supplying 46 commodities to over 16,200 customers worldwide THE global agri-sector is vital to the world economy.961 words
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712 2016-09-20 25 Marcello Minenna - By Marcello Minenna T The writer is a PhD lecturer at the London Graduate School of Mathematical Finance OMFIF Rome THE euro area banking system remains under pressure, despite the reassuring results of the latest stress tests on European banks.OMFIF - 712 words
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Article, Illustration1150 2016-09-20 25 DIAAN-YI LIN - Immediate action will help cement its hard-won place as South-east Asia’s business and investment hub and as a truly global city. BY DIAAN-YI LIN BY DIAAN-YI LIN T The writer is a senior partner with McKinsey and managing partner of the Singapore officePHOTO: KEVIN LIM/THE STRAITS TIMES - 1,150 words
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Page 26 Advertisements
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Advertisement1029 2016-09-20 26 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 14/16 22/09 24/09 BELITUNG/PKL BALAM SRIJAYA 8 24/16 23/09 25/09 JAMBI/PEKAN BARU CARAKA JN3 II 13/16 26/09 28/09 PALEMBANG/PANJANG BERJAYA II 11/16 23/09 25/09 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL VOY ETA ETD DESTINATION SIANIRI1,029 words
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LIFE & CULTURE
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Article, Illustration873 2016-09-20 27 It wins 12 Emmys this season 9 in technical categories and 3 top prizes giving it a total record haul of 38 over the years AFP Los Angeles FANTASY epic Game of Thrones made television history at the 68th Emmy Awards on Sunday, becomingAFP; PHOTO: REUTERS - 873 words
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Article, Illustration773 2016-09-20 27 REUTERS oshawa, Ontario IN Oshawa, winning a spot on the line at General Motors isn’t the singular prize it used to be. As GM Oshawa workers fight for the plant’s survival and face what could be the firstREUTERS; PHOTOS: REUTERS - 773 words
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Page 27 Advertisements
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Advertisement17 2016-09-20 27 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices17 words
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Page 27 Miscellaneous
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Miscellaneous312 2016-09-20 27 CRYPTIC CROSSWORD Across 1 Followers of star, K Hepburn’s partner they’re trying people (10) 6 Dashed odds on journalist (4) 9 Dreadful alternative to a musical (10) 10 Black bird in wood (4) 12 Rudest officer commanding ruler, a brainy type (12) 15 James goes after port and Spanish wines312 words
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SME
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Article, Illustration1310 2016-09-20 28 WONG KAI YI - With the help of predictive business intelligence (BI) tools, family-run clothing supplier Tantex is ready for the future. BY WONG KAI YI BY WONG KAI YI kaiyiw@sph.com.sg @WongKaiYiBT THE conference room of clothing supplier Tantex is tucked away inside Fortune Centre and in it, all sortsPHOTO: WONG KAI YI - 1,310 words
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Article, Illustration927 2016-09-20 28 Fong Xin Hui, Li Zifeng, Tan Hong Dan Claudia, Thirutanigaasalam Naidu - By Fong Xin Hui, Li Zifeng, Tan Hong Dan Claudia, Thirutanigaasalam Naidu T The writers are students of NUS Business School. Singapore IT IS no secret that owning a car in Singapore is expensive, but there is at the same time the convenience andST FILE PHOTO - 927 words
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Page 28 Advertisements
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Advertisement63 2016-09-20 28 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Popular Rent a Car was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank,63 words
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