In May Cheng raised the stakes by announcing it would develop its first Parkson-branded department store in the St.

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Yet Mr Cheng and his fellow directors may have found a clever solution.

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"While these plans aren't the best deals for individuals, large families or even groups of really, really close friends may want to consider them, " writes Roger Cheng.

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As industrial activities are likely to stay muted in the first quarter, real oil demand may hit a soft patch before picking up again in the second, Barclays analysts led by Sijin Cheng in Singapore wrote in an 11 page report dated Feb. 6.

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