The Business Times, 18 October 2016
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2016-10-18
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The Business Times
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Title Section22 2016-10-18 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes S$1.20 CO REGN NO *****2868E MCI (P) 052/08/2016 Tuesday, October 18, 201622 words
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Article, Illustration241 2016-10-18 1 Singapore is looking at the possibility of setting a gold benchmark price for the Asian time zone as it continues its bid to become the regional bullion hub. TOP STORIES/ 2 Perpetual (Asia), a trustee of Keppel DC Reit, has entered into a conditional share purchase agreement with241 words
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Article, Illustration670 2016-10-18 1 Chuang Peck Ming - However, 4.8 per cent year-on-year fall better than market’s expectation of a 5.8 per cent drop By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore NON-OIL domestic exports (NODX) slipped back into negative territory in September, posting a year-on-year 4.8 perSource: IE Singapore - 670 words
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Article, Illustration1072 2016-10-18 1 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AFTER a relatively quiet August and September amid an absence of fresh project launches, developers’ private home sales are expected to soar this month, possibly to the highest monthly level this year, on the backFILE PHOTO - 1,072 words
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Article28 2016-10-18 1 Monday Change STI 2,817.07 +1.83 KL COMP 1,653.71 -5.26 NIKKEI 225 16,900.12 +43.75 HANG SENG 23,037.54 -195.77 SHENZHEN B 1,156.54 -28.80 DOW (11.30 am EDT) 18,112.63 -25.7528 words
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Page 1 Advertisements
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Advertisement47 2016-10-18 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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Advertisement10 2016-10-18 1 SOUND BUY Singapore startup Razer acquires THX TOP STORIES 410 words
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Advertisement26 2016-10-18 1 HOCK LOCK SIEW The case for investing in an S-Reit ETF COMPANIES MARKETS 6 WHERE THE HEART IS Orange Valley Nursing Home’s winning focus sme 3026 words
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TOP STORIES
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Article, Illustration610 2016-10-18 2 Siow Li Sen - Such a move for Asia time zone would help traders cut exposure to intraday price swings, overnight forex risks By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE is looking at the possibility of setting a gold benchmark price for the Asian timePHOTO: REUTERS - 610 words
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617 2016-10-18 2 Kenneth Lim - New Paper and My Paper to be merged into a free daily tabloid from December By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Press Holdings (SPH) will reduce up to 10 per cent of its workforce over the next two617 words
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Article, Illustration917 2016-10-18 2 Sheryl Khor - 7 Enabling the STEWARDS OF THE FUTURE A SPECIAL ADVERTORIAL FEATURE written by Sheryl Khor Getting an education is just one of the early but important steps towards success and achievement. At SIM Global Education (SIM GE), students can917 words
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Article, Illustration695 2016-10-18 4 Jacquelyn Cheok - THX chief executive says the company can push into new territory with Razer START UPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPOREAN-FOUNDED gaming hardware startup Razer has acquired THX, the 33-year-old theatre sound company born out of the Star Wars legacy andFILE PHOTO - 695 words
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Article, Illustration619 2016-10-18 4 CHIPS DOWN BLOOMBERG Hong Kong CASINO shares fell as Macau operators pulled staff from China after the country detained employees of Australia’s Crown Resorts, the latest sign of the government’s clampdown on foreign companies trying to woo its citizens to gambleBLOOMBERG; PHOTO: AFP - 619 words
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354 2016-10-18 4 Rachel Morarjee - Region’s casinos cannot ignore Chinese punters but it’s a risky bet COMMENTARY By Rachel Morarjee REUTERS Beijing CASINOS across the Asia-Pacific are partly a bet on China: This was the message from Crown Resorts, Australia’s biggest gambling company, whose shares crashed on Monday after the hinese authorities detained some employees.REUTERS - 354 words
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Article, Illustration726 2016-10-18 5 Lee Meixian - He suggests public-private partnerships will help ensure profitable returns while prioritising the needs of countries By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PLENTY has been said about insufficient investment in infrastructure in Asia, but Deputy Prime Minister (DPM) Tharman Shanmugaratnam changed tack on Monday,FILE PHOTO - 726 words
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514 2016-10-18 5 Vivien Shiao - By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE need for companies to move from adding value to creating value in order to survive was a key message that emerged from a seminar organised by the Singapore Business Federation (SBF) and PwC514 words
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Page 2 Advertisements
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Advertisement96 2016-10-18 2 Project 24 365 1095 A 1095 hours in 1 day... days in 1 year... days in 3 years... With 1095 days in 3 years at SIM GE, students make the most of their time by participating in Project 1095 activities in areas such as Career Development, Global Learning, Student Development96 words
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Page 3 Advertisements
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Advertisement145 2016-10-18 3 THERE IS ALWAYS ROOM AT THE TOP Reaching for the top is part of the culture at Asia Square.Singapore’s best office address has been recognised by some of the world’s leading industry bodies whohave given over 25 awards for design, construction quality, sustainability and energy management.This is just one of145 words
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Page 4 Advertisements
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Advertisement28 2016-10-18 4 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 998828 words
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Page 5 Advertisements
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Advertisement95 2016-10-18 5 Ship faster with the arrival of a new express hub at Changi Airport. Changi Airport congratulates DHL Express on the opening of the new DHL Express South Asia Hub. With processing speeds that are six times faster and the ability to handle three times more cargo than before, this 24-hour95 words
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COMPANIES & MARKETS
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913 2016-10-18 6 LEE MEIXIAN - HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT INVESTING in an exchangetraded fund (ETF) for Singapore real estate investment trusts (S-Reits) is a good idea. It is a one-stop shop for Reit investors who do not want to stock pick, and it913 words
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336 2016-10-18 6 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ASCOTT, CapitaLand's wholly owned serviced residence business unit, is banking on religious tourism and the Middle East to drive its next wave of growth. On Monday, Ascott announced that it has clinched contracts to manage336 words
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355 2016-10-18 6 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS Bank wants to wrest deposits from competitors with a new programme that attaches cashback to the base value of the transactions, rather than the savings account. Through POSB, DBS on Monday said DBS and POSB customers355 words
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Article, Illustration234 2016-10-18 6 Jacquelyn Cheok - HOT STOCK By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SHARES of mainboard-listed, lossmaking civil engineering contracting firm Swee Hong rose by as much as 57 per cent to S$0.022 on Monday, placing it among the day’s most actively traded stocks and prompting a querySource: Bloomberg - 234 words
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443 2016-10-18 7 Kelly Tay - Property development group paying A$107m for Travelodge Docklands By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore PROPERTY development group Sing Holdings is acquiring its first hospitality asset Travelodge Docklands, a hotel in Melbourne, Australia for A$107 million (S$113.2 million). This also marks its first foray into443 words
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412 2016-10-18 7 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore HONG KONG-based PAG Asia Capital will invest in Paradise Group Holdings for an undisclosed amount in a move which is expected to bolster the restaurant operator’s expansion efforts across Asia. Paradise’s founder Eldwin Chua412 words
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319 2016-10-18 7 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S High Court has approved state investor Temasek Holdings’ scheme to buy out transport operator SMRT Corporation, bringing the delisting of a 16-year old float one step closer to reality. The last day of trading319 words
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CORPORATE DIGEST
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Article101 2016-10-18 7 QIAN Hu Corporation’s third quarter net profit plummeted 94.6 per cent to S$5,000 from the previous year, as its fish and accessories business segments contributed far less to earnings. Qian Hu said operating profitability of the ornamental fish segment fell because of a different sales mix in fish101 words
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Article59 2016-10-18 7 ST ELECTRONICS, the electronics arm of Singapore Technologies (ST) Engineering, won S$480 million worth of contracts in the third quarter of 2016. About S$84 million worth of these contracts were in the rail electronics intelligent transportation sector; others were in satellite broadband communications, and advanced electronics ICT solutions.59 words
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Article64 2016-10-18 7 SABANA Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) posted a 32.2 per cent dip in distribution per unit (DPU) to 1.2 Singapore cents for the third quarter ended Sept 30, 2016, from 1.77 Singapore cents a year ago. Net property income came in 24 per cent64 words
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646 2016-10-18 8 Amit Roy Choudhury - Q3 DPU of 1.9 Singapore cents is 13.8% higher than forecast; distributable income 13.7% better than projected By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore PERPETUAL (Asia), as trustee of Keppel DC Reit, has entered into a conditional share purchase agreement with Keppel646 words
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382 2016-10-18 8 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore KEPPEL Infrastructure Trust (KIT), which runs Singapore’s town gas and natural gas utilities provider, on Monday posted a distribution per unit (DPU) of 0.93 Singapore cent for the third quarter ended Sept 30, 2016, unchanged from a year382 words
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437 2016-10-18 8 Sherwin Loh - By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Singapore STARTING from S$25 a month, Singtel will turn local homes into a smart one, to allow homeowners to remotely control lights and appliances, create rules to automate tasks, and receive instant notifications whenever there is activity437 words
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Article, Illustration64 2016-10-18 10 STI Catalist Straits Times Index Oct 17, 2016 2,817.07 +1.83 (+0.07%) Current streak 2 days Day high 2,817.07 Day low 2,793.55 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Oct 17,2016 459.64 -1.92 (-0.42%) Current streak 1 day Day high 464.83 Day64 words
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Article, Illustration639 2016-10-18 10 R Sivanithy - SGX queries LionGold over high volume, and Swee Hong and Hu An Cable for jump in share prices STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Monday probably enjoyed a late bout of shortcovering that lifted it from a double-digitSource: Bloomberg - 639 words
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Article303 2016-10-18 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 unch 243/240 257 209 6.3 6725.7 CapitaCom Trust 155.5 -1.5 155.5/153 164 127 5.5 4606.8 CapitaLand 312 +2 313/308 340 280 12.5 2.9 *****.7 CapitaMall Trust 211 unch 211/206 225 185303 words
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Article36 2016-10-18 10 VOLUME LionGold 299,841,300 Cedar Strategic 219,150,200 Swee Hong 210,358,200 Noble 184,056,400 SunMoon Food 113,542,300 Market volume 2,953,081,000 VALUE Singtel 99,221,042 OCBC Bank 63,348,753 DBS Grp 56,765,397 UOB 53,528,455 JSH USD 52,897,284 Market value 1,023,041,00036 words
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Article110 2016-10-18 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 286 -1 805 287/284 314/254 286/287 IS MS INDIA US$ US716 -9 75 723/716 772/575 716/718 89.5 DBXT MS SING US$ US110.7 -3.8 70 110.7/110.7 116.2/97.5 110.6/111.1 5.5 DBXT Vietnam US$ US2393 -47 42110 words
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Article77 2016-10-18 10 Oct 17 VALUE CLOSE BT OB/OS -103.00 -104.00 BT CADI -*****.00 -79.00 BT 10-day MA -*****.00 -11.00 FTSE ST Mid Cap 690.55 -2.14 FTSE ST Small Cap 385.20 -1.45 FTSE ST All Share 696.17 -0.03 FTSE ST China Top 157.11 -0.62 FTSE ST China 193.10 -0.52 FTSE77 words
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Article, Illustration36 2016-10-18 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 17, 2016 696.17 -0.03 (0.00%) Current streak 2 days Day high 696.17 Day low 691.34 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)36 words
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Article, Illustration34 2016-10-18 10 STI MSCI EAFE MSCI EAFE index Oct 14, 2016 1,664.72 +10.35 (+0.63%) Current streak 1 day Day high 1,671.33 Day low 1,653.28 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)34 words
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Article186 2016-10-18 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 4 0 0 0 3 8 4 Manufacturing 27 40 25 4 8 15 31 48 40 Commerce 14 25 13 4 3 5 18 28 18 Tpt/Stor/Comms 10 14 6186 words
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Article123 2016-10-18 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,361 13,361 48,365 48,365 Manufacturing 174,573 644,773 819,346 94,321 3,865 98,186 Commerce 326,469 61,986 388,455 140,769 755 141,524 Tpt/Stor/Comms 93,820 395 94,215 148,277 34 148,311 Finance 33,982 17 33,999 198,102 2 198,104 Construction 385,476 23,615123 words
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Article72 2016-10-18 10 BY CENTS CLOSE UP 52w high/low Jardine C&C 4175 58.0 1.4 4520/3082 Lyxor ChinaH US$ 1365 20.9 1.1 1530/999 Venture Corp 953 17.0 1.8 954/765 DBXT S&PShort US$ 1984 9.7 0.4 2362/1930 NutryFarm 39.5 7.0 21.5 47.5/15.6 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.2 100.0 0.1 0.7/0.1 SinoCloud72 words
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Article75 2016-10-18 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -100.1 -0.5 *****/***** DBXT S&P500 US$ 3692 -83.4 -1.6 3790/3126 Prudential USD 1710 -69.5 -2.8 2500/1680 DBXT MSAsExJp US$ 3499 -66.8 -1.4 3633/2772 DBXT Vietnam US$ 2393 -65.4 -1.9 2533/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Amplefield Ltd 175 words
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Article81 2016-10-18 10 VOL CLOSE($) CHANGE Hu An Cable 69,548.1 0.006 +0.002 +50.00 Yongmao 1,550.0 0.250 -0.050 -16.67 Joyas Intl 23,818.0 0.005 +0.001 +25.00 Eucon 13,507.6 0.045 +0.008 +21.62 Blumont 29,847.2 0.002 -0.001 -33.33 Swee Hong 210,358.2 0.016 +0.002 +14.29 Polaris 24,511.5 0.006 -0.001 -14.29 SinoCloud 610.0 0.002 +0.001 +100.00 SBI81 words
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BROKERS’ TAKE
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Article88 2016-10-18 10 Cityneon Holdings Buy Target price: S$1.15 Oct 17 close: S$0.95 UOB Kay Hian Research, Oct 14 CITYNEON acquired Victory Hill Exhibitions (VHE), an exhibition production and distribution company, and propelled itself to the forefront of immersive attractions. As Cityneon is poised to ride the wave of the Avengers and Transformers88 words
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78 2016-10-18 10 China Aviation Oil Singapore Buy Target price: S$1.90 Oct 17 close: S$1.34 UOB Kay Hian Research, Oct 13 ONCE again, readings from China’s Golden Week holidays show that international travel and traffic at Shanghai Pudong airport remained robust. Management also shared the same optimism, indicating a bullish H2 2016 outlook.78 words
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Article233 2016-10-18 10 Cai Haoxiang - Compiled by Cai Haoxiang Target price: s$7.24 Oct 17 close: S$7.21 CIMB Research, Oct 12 SINGAPORE Exchange (SGX) will be reporting its Q1 FY2017 earnings after markets close on Oct 19. We expect its net profit to come in at S$81.3 million (-2 per cent quarter on233 words
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411 2016-10-18 11 CURRENCIES REUTERS London THE euro steadied on Monday ahead of a meeting of the European Central Bank (ECB) on expectations that officials are beginning to consider reining in the volume of extra emergency aid they give to the euro zone economy next year. TheREUTERS - 411 words
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FOREX RATES
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Article471 2016-10-18 11 Oct 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 5.115 0.692 5.889 50.694 99.119 0.791 8.661 3.202 1.067 79.481 36.838 1.055 10.876 0.752 24.143 26.810 0.624 0.759 Canada 1.000 5.113471 words
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Article155 2016-10-18 11 Oct 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0550 1.0559 0.7587 0.7592 Canadian dollar 1.0548 1.0553 0.7588 0.7585 Euro 1.5260 1.5264 1.0974 1.0975 NZ dollar 0.9884 0.9891 0.7108 0.7112 Sterling pound 1.6904 1.6915 1.2156 1.2162155 words
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Article22 2016-10-18 11 Oct 17 S$ Bid Offer 1-month 1.3902 1.3906 2-months 1.3900 1.3905 3-months 1.3898 1.3903 6-months 1.3893 1.3901 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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209 2016-10-18 11 Most active Oct 17 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.1 unch 5160 1 1 83 6.00 10 Asia-Pacific Strategic W*****9 0.2 unch 4500 1 1 100 3.00 49 Charisma EnergyServicesW*****3 0.2 unch 4124209 words
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377 2016-10-18 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 14 Index Change Change Change Change Change Change World Preliminary 1298.4 0.4 1.6 0.6 -0.1 0.4 2.0 EAFE Preliminary 978.5 0.8 -3.4 0.8 -5.0 0.6 -3.0 Europe Preliminary 1405.4 1.2 -0.5377 words
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Article387 2016-10-18 11 Oct 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9742.50 9757.50 9602.50 9615.00 *****1 *****7 Nov16 9755.00 9765.00 9622.50 9622.50 ***** 7410 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar17 *****.00 *****.00 *****.00 *****.00 107 2639 MSCI TAIWAN387 words
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BANK RATES
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Article154 2016-10-18 11 Oct 17 $S Offer Bid 0vernight 0.03 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.02 US$ 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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Article69 2016-10-18 11 Oct 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.74 105.78 105.77 5-Year N*****0Z 1.250 01-Oct-21 99.26 99.40 99.33 10-Year NX*****F 2.125 01-Jun-26 101.61 101.95 101.70 15-Year NZ*****F 2.875 01-Sep-30 107.52 107.70 107.35 20-Year NZ*****X 2.250 01-Aug-36 98.7369 words
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AGRI METALS ENERGY
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Article250 2016-10-18 11 Oct-14 Price Net change change Last Trade Agricultural Oct-14 CBOT Soybeans (US cents/bu) 962.50 6.25 0.65% 14/11/2016 CBOT Soybean Oil (US cents/lb) 34.15 0.99 2.99% 14/10/2016 CBOT Wheat (US cents/bu) 421.00 5.00 1.20% 14/12/2016 Oct-14 LIFFE Cocoa (£/tonne) 2268.00 17.00 0.76% 13/12/2016 LIFFE Coffee (US$/tonne) 2044.00 7.00 0.34%250 words
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Article1751 2016-10-18 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 149 127 AIMSAMP Cap Reit 136.5 -3.5 637 141.5 135 0.9 8.3 869.9 High 144 101 ARA Asset Mgmt 131.5 unch 458 132 130.51,751 words
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Article317 2016-10-18 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div 5 1.7 t Acesian Partners 2.7 unch 0 2.7 2.7 3.7 10.1 Net 0.6 0.1 t Advanced Systems 0.3 unch 249 0.4 0.3 7.9 46.5 29.5 t317 words
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Article131 2016-10-18 12 ON THIS OPPORTUNITY 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3100 -35 6 3128 3098 8.5 116.2 97.5 DBXT MS SING US$ US110.7 -3.8 70 110.7 110.7 5.5 397131 words
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Advertisement322 2016-10-18 6 Keppel Infrastructure Trust (Business Trust Registration No. *****01) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 5 January 2007 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Register of Unitholders of Keppel Infrastructure Trust322 words
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Advertisement791 2016-10-18 6 K noble group NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Noble Group Limited (the “Company”) will be held at Summit 2, Level 3, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec791 words
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Advertisement20 2016-10-18 6 What is your dream? Be inspired by Joseph Schooling’s story. COMING SOON On sale at all major bookstores and www.stpressbooks.com.sg20 words
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Advertisement69 2016-10-18 7 (US$ billion) QNB Group strengthens its position as the largest financial institution in the Middle East and Africa region Net Profit US$2.7 billion, up 11% from September 2015 Total Assets US$196 billion, up 37% from September 2015 2.7 2.4 2.2 2.0 1.7 Sep Sep Sep Sep Sep 2012 2013 201469 words
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Advertisement24 2016-10-18 8 Everyonedeserves a great Weekend. The all-new Business Times Weekend. Out Every Sat. For advertising opportunities, call 1800 822 6382 or email us at mkgsales@sph.com.sg24 words
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Advertisement199 2016-10-18 9 HITACHI Inspire the lMext 1 f i W, I m 0" r r m Ul Q V vV L> *> IS w TO Vii r» H If l#«r ft ifil •f iv- T A J I 1 vi rA J!s'< A 'll 'V •sa •i £s m I «IT Si199 words
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Advertisement9 2016-10-18 10 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement71 2016-10-18 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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Advertisement5358 2016-10-18 13 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own advice immediately from their stockbroker, bank manager, solicitor, accountant, tax adviser or other independent5,358 words
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REAL ESTATE
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Article, Illustration774 2016-10-18 14 Claire Huang - S$3.2b ‘urban regeneration’ project combines office towers, residential blocks and retail space on a 3.9ha site By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AUSTRALIA-LISTED property developer Lendlease is optimistic about appetite for its S$3.2 billion Paya Lebar Quarter urban regeneration mixed-use development, evenPHOTO: YEN MENG JIIN - 774 words
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353 2016-10-18 14 BLOOMBERG London NORTH American banks cut their share of UK commercial property lending by half, ahead of the referendum on European Union membership as uncertainty about the vote and a cooling market damped demand for real estate. US banksBLOOMBERG - 353 words
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882 2016-10-18 14 The pound’s slump is also attracting more opportunistic overseas buyers from China and S Africa REUTERS London COMMERCIAL property auctions are proving an unlikely bright spot in Britain’s real estate market where a steep drop in sterling has attracted overseas buyers and local investorsREUTERS - 882 words
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344 2016-10-18 15 Kelly Tay - The property investment group is keen on 49% stake in Yangon mixed-use Golden City development By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore PROPERTY investment group Cedar Strategic Holdings (CSH) is hoping to capture a 49 per cent effective stake in a mixed-use luxury development344 words
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278 2016-10-18 15 Anita Gabriel - By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore KEPPEL Land’s two associated companies and their joint venture partner are selling their stakes in Chengdu Century Development Co (CCDC) to Sichuan Zhong Tie Wen Rui Property Co for 342.08 million yuan (S$69.81 million). Keppel Land has278 words
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Article, Illustration1247 2016-10-18 15 NYTIMES Shanghai ZHENG Ruizhen counted herself among the last holdouts on Lufeng Road. Even as high-rises sprang up in recent years to surround her dilapidated home, Ms Zheng, a 50-year-old schoolteacher, and her husband, Sun Guojian, held firm. He grewNYTIMES; PHOTO: NYT - 1,247 words
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Page 14 Advertisements
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Advertisement154 2016-10-18 14 SHOPHOUSE QUEEN Commerical Conservation Shophouse A colonial Conservation gem. Beautifully restored, with no cost spared. Ideal for your office HQ, in a prestigious heritage quarter of the commercial hot spot. Buy it vacant or with tenancy. Perfect for an investment with a projected 3.8% return. Freshly restored in exceptional condition.154 words
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Advertisement244 2016-10-18 14 FREEHOLD DEVELOPMENT POTENTIAL 2 CORNER SHOPHOUSES [For Sale By Expression of Interest j I Closing: 29 November 2016 at 3pm I 162 JOO CHIAT ROAD D site Area: Approx. 1,674 sq ft Existing Floor Area: Approx. 3,494 sq ft Potential Maximum GFA: Approx. 5,021 sq ft Sale with vacant possession244 words
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Advertisement102 2016-10-18 14 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE102 words
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Advertisement175 2016-10-18 15 Lot 1957L Bt Tinggi Road Binjai Crest Chantek Binjai Pk Kg Swiss Club Link Lot 1939X Embassy of Switzerland Lot 1945M For Sale Prime Freehold Residential Buildings Sites Near Orchard Road Cuscaden Walk nr Grange Road Hullet Road a t *r I! rr SC 0 if! M U Land 21,560175 words
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Advertisement151 2016-10-18 15 leasing nowf odma PORT OF TANJUNG PELEPAS (PTP), JOHOR 14,700 sqm+ premium warehouse Loh Lee Fen, CEA R*****7C +65 9636 8019 leefen.loh@cbre.com.sg Agency Licence No. L*****63I This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and151 words
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BANKING & FINANCE
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Article, Illustration1266 2016-10-18 16 The acrimonious 21/2-year wrangle between the Wall Street icon and Libya’s sovereign wealth fund ends in London’s High Court in a seven-week trial struggle REUTERS London THE outcome of a 21/2-year legal battle between Goldman Sachs and Libya’s US$67 billion sovereign fundstruggle REUTERS; PHOTO: REUTERS - 1,266 words
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Article, Illustration613 2016-10-18 16 BLOOMBERG New York Bank of America Corp, the second-biggest US lender by assets, said third-quarter profit rose 7.3 per cent, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell. Net income climbed to US$4.96 billion, or 41 centsBLOOMBERG - 613 words
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523 2016-10-18 16 banks.REUTERS New York WELLS Fargo Co’s decision not to introduce new names onto its board or into the ranks of its senior management in the wake of a sales scandal has raised questions about whether it can truly fixbanks.REUTERS - 523 words
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Page 16 Advertisements
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Advertisement281 2016-10-18 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BSI (1990) PTE LTD (IN PROVISIONAL LIQUIDATION) (COMPANY REGISTRATION NO. *****6019M) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Take notice that Mr Lau Chin Huat care of 50 Havelock Road #02-767, Singapore *****0, has been appointed as281 words
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Advertisement182 2016-10-18 16 NOTICES Te l 6 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 l a s s c o m s g NOTICE182 words
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Advertisement88 2016-10-18 16 TREASURE HILL ASSETS LIMITED Business Company Number: *****20 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Treasure Hill Assets Limited commenced on 11 October 2016 and that Tan Ai Lin Agnes of 2188 words
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ENERGY & COMMODITIES
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591 2016-10-18 17 Pauline Ng - Adviser Mercury Securities cites overly steep discounts of 60-70 per cent to the companies’ RNAVs By Pauline Ng btworld@sph.com.sg Kuala Lumpur MINORITY shareholders of two listed companies have been urged to turn down general offers because of overly steep discounts of 60-70591 words
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Article, Illustration473 2016-10-18 17 BLOOMBERG Singapore WE’VE not seen the last of the rally in gold, according to Toronto-Dominion Bank. Prices are likely to go as high as US$1,350 an ounce some time next year, after dipping below US$ 1,200 as the Federal ReserveBLOOMBERG; PHOTO: BLOOMBERG - 473 words
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265 2016-10-18 17 BLOOMBERG Tokyo TESLA Motors Inc unveiled plans to collaborate with Panasonic Corp to make solar-energy components for SolarCity Corp, bolstering Elon Musk’s final push to merge the carmaker and solar company. Production of photovoltaic (PV) cells and modules for solarBLOOMBERG - 265 words
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904 2016-10-18 17 BLOOMBERG London LAST month’s decision of the Organization of the Petroleum Exporting Countries (Opec) to reverse its policy of unfettered production and cut oil output to boost prices may be at odds with the industry’s most important long-term trend: Demand forBLOOMBERG - 904 words
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Page 17 Advertisements
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Advertisement138 2016-10-18 17 MARCO POLO MARINE LTD. (UEN/Company Registration No.: *****0073Z) NOTICE OF RESULTS OF THE MEETING NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING SERIES 001 S$50,000,000 5.75 PER CENT. FIXED RATE NOTES DUE 2016 (ISIN: SG58C*****36) (THE “NOTES”) issued under the S$300,000,000 Multicurrency Medium Term Note Programme of Marco Polo Marine138 words
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Advertisement37 2016-10-18 17 >1» (*>» vs ca V' H' e O' 5, S» 00 A e 0°° «nS cr 6» C»v 0° s£ 1 Track your home’s financial performance Your confidential tracking page my Property Tracker x www.srx.com.sq/*****1 SRX.com.sg/property-tracker W v37 words
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Advertisement206 2016-10-18 17 Invest Prosper 2017 5th November 2016, 9:30AM 5:00PM SPH News Centre Auditorium How will the US election affect your investment strategy S$10ADMISSION Elections never fail to give markets the jitters and investment climate often takes after such global economic movement. As we approach the 8th of November US Presidential Election,206 words
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TECHNOLOGY
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868 2016-10-18 18 Suppliers need to build up OLED production capabilities as smartphone industry shifts away from LCDs BLOOMBERG Tokyo PICK up a high-end smartphone these days and chances are it will have a crisp, energy-sipping organic lightemitting diode (OLED) display unless it is anBLOOMBERG - 868 words
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Article, Illustration1057 2016-10-18 18 NYTIMES New York WATSON, can you grow into a multi-billion-dollar business and become the engine of IBM’s resurgence? IBM is betting its future that the answer is yes. Its campaign to commercialise Watson, the company’s version ofNYTIMES; PHOTO: NYTIMES - 1,057 words
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876 2016-10-18 18 BLOOMBERG New York AT first blush, Twitter Inc and Weibo Corp have a lot in common. The micro-blogging social networks earn most of their revenue from advertising, have added flexibility around their 140-character limits and have been the subject of intense takeoverBLOOMBERG - 876 words
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Page 18 Advertisements
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Advertisement64 2016-10-18 18 HOT PROPERTY TUAS SOUTH ST 11. High Spec B2 Fty. Land 77,252 sf. GFA 67,520 sf. Ceiling hgt 11.6m. Floor Load 20 kN/sqm. Tenure 21yrs 6 mth wef June 2014. 99 YRS! PANTECH Biz Hub. #05 up. 1367/ 1890sf. Bare. Fitted. Sea view. High yield No GST. $490K. LOOKING FOR64 words
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Advertisement159 2016-10-18 19 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 22 of 2013 In the Matter of the Companies Act, Cap. 50 and In the Matter of Ashcraft Holdings Pte. Ltd. (In Compulsory Liquidation) (Co. Reg. No. *****0466G) NOTICE OF MEETING OF CREDITORS Take notice that a159 words
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Advertisement6081 2016-10-18 19 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own independent professional advice immediately from their stockbroker, bank manager, solicitor, accountant6,081 words
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CONSUMER
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953 2016-10-18 20 Analysts observe as many as 5 or 6 major banks going all out to “kill one another” over credit card freebies REUTERS New York MORRIE Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit cardREUTERS - 953 words
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Article, Illustration602 2016-10-18 20 REUTERS London TESCO appeared to emerge victorious from a pricing row with Unilever on Friday, with its shares rising 5 per cent and analysts saying Britain’s biggest retailer had scored a public relations coup by casting itself as theREUTERS; PHOTO: REUTERS - 602 words
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Article, Illustration525 2016-10-18 20 BLOOMBERG Zurich SWITZERLAND’S biggest dairy company is trying to counter stagnating sales in its home market by getting the Swiss to eat microwaveable fondue, prompting cheese purists to cry sacrilege. Emmi AG plans to introduce its All-in-One Fondü kit inBLOOMBERG; PHOTO: BLOOMBERG - 525 words
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372 2016-10-18 20 REUTERS London BRITISH consumers were their most confident in five years in September, a survey showed on Monday, but the upbeat mood was not shared in London where most voters opposed leaving the European Union (EU) in June’s Brexit referendum.REUTERS - 372 words
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Page 20 Advertisements
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Advertisement78 2016-10-18 20 sch 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) Amsrummr anrnxrnrftimwmmm CONSTRUCTION 15 Cu/tDiTJJuikifj Productive Technologies I C r V f: Building Quality j J Finishes v78 words
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Advertisement25 2016-10-18 20 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 998825 words
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GOVERNMENT & ECONOMY
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Article, Illustration679 2016-10-18 21 He heads to Beijing on Tuesday with hundreds of businessmen and is expected to announce billion-dollar deals AFP Manila PHILIPPINE President Rodrigo Duterte is willing to hold military exercises with China but not long-time ally the United States, Chinese mediaAFP; PHOTO: AFP - 679 words
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505 2016-10-18 21 LATEST US DATA REUTERS Washington US industrial production barely rose in September as a rebound in manufacturing output was offset by a decline in utilities production, suggesting a moderate acceleration in economic growth in the third quarter. The Federal Reserve said on MondayREUTERS - 505 words
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485 2016-10-18 21 BLOOMBERG Jakarta SOUTHEAST ASIA’S best-performing currency is giving Indonesia’s central bank the opportunity to continue increasing foreign reserves from a four-year high, a senior official said. “If we see the chance to build our reserves, then surely we will take advantage ofBLOOMBERG - 485 words
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430 2016-10-18 21 BLOOMBERG New York THE world’s biggest central banks are bulking up their balance sheets this year at the fastest pace since 2011’s European debt crisis to boost lacklustre economic recoveries with asset purchases that are supporting stock and bondBLOOMBERG - 430 words
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Article, Illustration996 2016-10-18 21 AFP Beijing EVEN as US presidential candidate Donald Trump aggressively condemned Beijing, his hotel firm pursued a lucrative business deal with a giant state-owned Chinese firm headed by a top Communist official, sources say. Mr Trump has long declaredAFP - 996 words
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TRANSPORT
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Article, Illustration1012 2016-10-18 22 But it hasn’t said as much about this as Ford, after its rival takes the blows from Donald Trump for moving jobs to the country BLOOMBERG Mexico City AFTER more than a year of watching Republican presidential candidate Donald Trump bash Ford MotorBLOOMBERG; PHOTO: BLOOMBERG - 1,012 words
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400 2016-10-18 22 AFP Seoul SOUTH Korea says efforts to lift the Sewol ferry that sank more than two years ago may drag on into next year, with salvage operations hampered by poor visibility and the sheer scale ofAFP - 400 words
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Article, Illustration370 2016-10-18 22 AFP Yangon RESCUERS have discovered 14 bodies and expect to find scores more after a ferry packed with teachers, students and workers capsized in central Myanmar, local authorities said Monday. A total of 154 people have been rescued since theAFP; PHOTO: AFP/MYANMAR FIRE SERVICES DEPARTMENT - 370 words
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254 2016-10-18 22 REUTERS Frankfurt GERMAN Transport Minister Alexander Dobrindt has asked Tesla to stop advertising its electric vehicles as having an Autopilot function as this might suggest that drivers’ attention is not needed, his ministry said on Sunday. A spokeswoman forREUTERS - 254 words
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Article, Illustration556 2016-10-18 22 AFP Tokyo JAPAN and Australian carriers have barred all Samsung Galaxy Note 7 smartphones from airplanes, mirroring moves by US regulators and a string of carriers that banned the recalled devices over fire risk concerns. The weekend announcement from Japan’s transportAFP; PHOTO: AFP - 556 words
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Page 23 Advertisements
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Advertisement1523 2016-10-18 23 A Special Feature brought to you by BuildTech Asia BUILDTECH ASIA 18-20 October 2016 Singapore EXPO Hall 3 MAX Atria Opening Hours: 10am 6pm (18-19 October) 10am 5pm (20 October) BuildTech Asia 2016 showcases new technology for the building and construction sectors, highlights productivity Held from 18-20 October, the 20161,523 words
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Page 24 Advertisements
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Page 25 Advertisements
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OPINION
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593 2016-10-18 26 EDITORIAL IT is good that the US and Russia together with Turkey, Saudi Arabia and Iran have begun talks towards a truce in Syria. After the meeting on Saturday, Russia revealed that “certain ideas” were discussed and more meetings will be held593 words
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Article, Illustration796 2016-10-18 26 Robert J Samuelson - THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRIERS GROUP Washington WHILE everyone fixates on the US election, developments in the world economy threaten to create problems for the next US president and, possibly, trigger a major financial crisis. ATHE WASHINGTON POST WRIERS GROUP - 796 words
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Article, Illustration1546 2016-10-18 26 Leon Hadar - Abandoned by key GOP politicians, the Republican presidential nominee is experiencing a slow, painful death By Leon Hadar Washington IT may be too early to write the political obituary of Donald Trump. As the cliche of the 2016 presidential race suggests, anything canPHOTO: AFP - 1,546 words
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929 2016-10-18 27 Andrew Hammond - COMMENTARY By Andrew Hammond T The writer is an associate at the Centre for international Affairs, Diplomacy and Strategy at the London School of Economics London THE heads of government for the BRICS (Brazil, Russia, India, China and South Africa) met929 words
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714 2016-10-18 27 Lionel Lim - By Lionel Lim T The writer is vice-president and managing director, Asia Pacific and Japan, at Pivotal, Inc IT seems like only yesterday words such as innovation, agility, creativity and disruption were associated with Fortune 500 companies. Today, younger, more714 words
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Article, Illustration1179 2016-10-18 27 Woo Jun Jie - New exportable services provide greater flexibility and scope in diplomacy By Woo Jun Jie T The writer is an assistant professor in the School of Humanities and Social Sciences, Nanyang Technological University, and Rajawali fellow at the John F Kennedy School of Government,PHOTO: AFP - 1,179 words
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Page 28 Advertisements
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Advertisement1007 2016-10-18 28 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus1,007 words
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LIFE & CULTURE
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Article, Illustration552 2016-10-18 29 Lee U-Wen - Keys and Cibulkova seal their spots in Singapore; Kerber will end season as World No. 1 player By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FOR the second year in a row, Serena Williams won’t be coming to Singapore for the Women’s Tennis Association (WTA)PHOTO: AFP - 552 words
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Article, Illustration717 2016-10-18 29 AFP Tel Aviv ISRAELI designer Kobi Levi’s psychedelic shoes resemble everything from banana skins to sex acts, flamingos and stretching cats and they are all the rage among well-heeled stars like Lady Gaga. “My world is that of everyday glamour, the glamour thatAFP; PHOTO: AFP - 717 words
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Article, Illustration631 2016-10-18 29 AFP Montreal JUSTIN Trudeau hasn’t been alone as his star rises in the political world whether visiting China’s Great Wall, dining at the White House or marching in Toronto’s gay pride parade, he’s often joined by his family who have helped cement his reputation asAFP; PHOTO: REUTERS - 631 words
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Page 29 Miscellaneous
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Miscellaneous332 2016-10-18 29 CRYPTIC CROSSWORD Across 1 Tune librarian composed that’s played at the Proms (4,9) 9 Criminal’s touching screenplay one’s impressed (9) 10 Rogue that’s shunned in football club (5) 11 What may be dummy run, not hard to go round (5) 12 State linking Indiana with Vermont (4) 13 President, Democrat,332 words
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SME
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Article, Illustration1428 2016-10-18 30 Chuah Yih Hui, Tan Suet Yi, Tan Zhe Ren, Tay Yi Qing - Orange Valley’s winning focus on its residents, environment and employees has helped make it one of the top local nursing homes By Chuah Yih Hui, Tan Suet Yi, Tan Zhe Ren, Tay Yi Qing T The writers are students from NUS Business School. FORMERFILE PHOTO - 1,428 words
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Article, Illustration781 2016-10-18 30 Nop Srinara - By Nop Srinara T The writer is sales director Asia, Datto Inc ANGLER, Cryptolocker and Locky no, you’ll not find them in Pokemon Go, but you may find them on your computer one day. They’re types of ransomware which is emerging asF ILE PHOTO - 781 words
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Advertisement63 2016-10-18 30 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. Orange Valley Nursing Homes 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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