The Business Times, 6 December 2008
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2008-12-06
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The Business Times
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Title Section16 2008-12-06 1 weekend THE BUSINESS TIMES DEC 6-7, 2008 Ssl.oo I aS* AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg16 words
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Article672 2008-12-06 1 Jamie Lee; Marissa Lee; Theodora Kee - Jamie Lee Marissa Lee Theodora Kee Companies cut back on charities, sponsorships to fight financial fires ByJ leejamie@sph.com.sg Singapore THE downturn has come home to bite Singapore's "home for the Arts" as donors turn coy over their spending. The Substation expects a 50 per cent672 words
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Article, Illustration24 2008-12-06 1 Capita Land ties its charitable giving to its profit, allocating 0.5% of net profit to the Capita Land Hope Foundation FILE PHOTOFILE PHOTO - 24 words
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Page 1 Advertisements
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Advertisement18 2008-12-06 1 www.cartier.com Boutiques Takashimaya Shopping Centre, Ngee Ann City Tel: 6734 2427 t Hilton Shopping Gallery Tel: 6235 029518 words
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Page 1 Miscellaneous
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Miscellaneous116 2008-12-06 1 MOTORING f m THE raffles conversation WEALTH Very rare cars TAKEDA PHARMACEUTICAL'S Dontbetonbig go on show this weekend LlB YASUCHIKAHASEGAWA 6-7 insurance bonus (30,31 GLOOM ON WALL ST November job numbers shock The US economy shed 533,000 jobs, the biggest drop in a month since 1974. But latest Congressional comments116 words
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Miscellaneous8 2008-12-06 1 Festive J|* A 'V takeaways \\V > 4 it'"JgWg4!i8 words
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TOP STORIES
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MARKETS
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Article45 2008-12-06 2 KL COMP 838.28 -8.58 NIKKEI 225 7,917.51 -6.73 HANG SENG 13,846.09 +336.31 SET 392.87 -0.05 JAKARTA 1,202.34 -2.98 MANILA 1,888.96 -1.93 KOSPI 1,028.13 +21.59 SHENZHEN B 282.77 +7.01 MUMBAI IND 8,965.20 -264.55 linflam EDT Chanop 11.00am EDT Change DOW 8,194.57 -181.67 NASDAQ 1,421.50 -24.0645 words
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Article29 2008-12-06 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,51 HONG KONG 5,00 INDONESIA 16,830 TAIWAN 6,316 JAPAN 1,675 KOREA 9,33 BRITAIN ZOO US 4,00 CANADA 4,00 SWITZERLAND 2,07 INDIA 13,00 Source:Bloomberg - 29 words
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Article45 2008-12-06 2 US$ 'S$ ier US$; 1.520 :us$. 1.472 2.237 EURO(US$/S$/E) 1.277 Foreign currency per 1.976 us$ s$ YEN 92.20 60.70 RM 3.640 2.395 HK$ 7.751 5.100 BAHT 35.68 23.48 RUPIAH 11,700 7,698 RENMINBI 6.881 4.528 INDIAN RUPEE 49.56 32.61 A$ 1.548 1.019 NZ$ 1.876 1.23545 words
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Article, Illustration721 2008-12-06 2 Andrew Marks - Andrew Marks Sympathetic noises from Congress on rescue for Detroit Three carmakers temper fears By btworld@sph.com.sg New York FOR the whole of this week, Wall Street had been trying hard to hold on to the little optimism eked out from the most recent waveREUTERS - 721 words
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Article, Illustration602 2008-12-06 3 Lee U- Wen - Lee U-Wen PM Lee also hails Obama's dream team but points to challenges By leeuwen@sph.com.sg Singapore THE upcoming Budget will aim to help businesses stay afloat during this global economic crisis, as well as introduce measures to help Singaporeans stay employed, said PrimeAP - 602 words
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Article, Illustration853 2008-12-06 4 Emilyn Yap - Emilyn Yap Four UK firms and two US firms qualified for the QFLP licences out of 20 that applied By I emilyny@sph.com.sg Singapore AS part of plans to liberalise the legal services sector, the government has awarded licences to six foreign lawWOO FOOK LEONG/LIANHE ZAOBAO - 853 words
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524 2008-12-06 4 Ang An Shing - Ang An Shing By shingang@sph.com.sg Singapore THE current recession here will last till at least the middle of 2009, making it Singapore's longest recession ever, according to Chua Hak Bin, Head of Equity Research, Citigroup. Speaking at a forum organised by the Singapore Press524 words
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Article, Illustration419 2008-12-06 5 Anthony Rowley - Anthony Rowley Economist says some countries are adopting trade-distorting or trade-reducing measures By btworld@sph.com.sg Tokyo COUNTRIES in Asia and elsewhere that have not yet adopted stimulus measures to counter the global economic recession were accused yesterday by an eminent French economist of beingFILE PHOTO - 419 words
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Article, Illustration388 2008-12-06 5 Yen Sreenivasan ven@sph.com.sg Singapore HOW low can it go? That is the question holders of golf club memberships are asking themselves as the price of this asset class sinks to its lowest levels in two years. The BT Golf Index, which tracks the composite open marketBT - 388 words
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Page 2 Miscellaneous
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Miscellaneous69 2008-12-06 2 NEWS LIVING Top stories 2-5 Dining L 2-5 Raffles Conversation 6,7 Entertaining L 6 Week In Review 8 Shopping L 7-9 The CEO Column 9 Home Garden LIO.IT Companies 10-14 Letter From Abroad 18 World 19-22 Stocks stats 23-27 Travel L.2.T3 Perspective 28,29 Weekend With LI 4 Wealth 30,3. Health69 words
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Page 3 Advertisements
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Advertisement68 2008-12-06 3 Michelin 2-Star Chef Philippe Etchebest Bordeaux S| gg 08-13 Dec 2008 jgH Incite your taste buds this December at The Harbour Grill Oyster Bar with award-winning Guest Chef Philippe Etchebest. Experience his elegantly-crafted culinary splendors through this epicurean odyssey. Set menu prices from $75 ++for lunch $185 ++for dinner Culinary68 words
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Page 5 Advertisements
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Advertisement169 2008-12-06 5 Over 5 Million Dollar Jewellery Inventory MUST BE LIQUIDATED! This property shall be offered at this one day auction. Items obtained from govt. auctions plus the addition of goods which constitue the majority. Sunday, 7th December Auction: 1:00pm Viewing: 11:00 am lllmm'l 1 l j I kVI I I Bracelet-Dia.169 words
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THE RAFFLES CONVERSATION
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Article, Illustration1628 2008-12-06 6 Chen Huifen - Chen Huifen Yasuchika Hasegawa, president of Takeda Pharmaceutical Company, has been with the firm for 40 years, and continues to be busy charting its future direction. BORN in the Year of the Dog, Yasuchika Hasegawa's career path hints that he is loyal and has a great senseARTHUR LEE - 1,628 words
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Article511 2008-12-06 6 TAKEDA Pharmaceutical Co is planning to beef up its staff strength in Singapore over the next few years, as the group deepens and expands its presence in Asia. "Right now, we have 29 people and that's only in research," said group president Yasuchika Hasegawa. "We are511 words
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Article76 2008-12-06 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean76 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK |
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52 2008-12-06 7 SINGAPORE'S university endowment funds not surprisingly are struggling to cope with the financial meltdown. But the damage has not been too bad because endowment investing here is a relatively recent development not all funds have been committed, and this has cushioned the impact from52 words
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54 2008-12-06 7 UNIVERSITY students, especially those due to graduate next year, are fast coming to terms with the rising difficulty in landing their ideal job. While companies are still recruiting from campuses, the number and range of jobs available are from the heady days of54 words
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42 2008-12-06 7 THREE classic signs of a Singapore property downturn have emerged in the third quarter a slide in subsales and foreign buying, and a bigger share of HDB upgraders in the private home buying pie.42 words
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61 2008-12-06 7 AFTER surging through the year, the price of fuel oil used by power stations and, consequently, wholesale electricity prices here have fallen since October, latest figures show. This reinforces recent government indications that Singapore electricity prices could come down in the January-March61 words
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Article, Illustration88 2008-12-06 7 IN a stunning about-turn, Temasek Holdings has sold electricity generating firm PowerSeraya to Malaysia's YTL Power International for $3.8 billion just a week after it postponed the sale indefinitely due to poor market conditions. Sources told BT that Francis Yeoh, managing director ofBLOOMBERG - 88 words
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63 2008-12-06 7 SINGAPORE Airlines will not be allowed to fly the lucrative and much protected trans-Pacific Sydney-Los Angeles route after all, despite comments in late October that suggested that Australia was open to SlA's long-standing request. The Australian government defended its position as leveraging on63 words
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42 2008-12-06 7 DEVELOPERS have entered the lat- est slump in much better shape than they were in during the last property downturn in 2001, a comparison of their cash positions and debt-to-equity ratios then and now shows.42 words
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46 2008-12-06 7 AS expected, the COE premium for small cars rebounded sharply from its historic low of $2 a fortnight ago. Distributors had slashed new car prices by up to $5,000 to $7,000 for popular models, sparking a rash of bookings.46 words
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44 2008-12-06 7 AS banks and other organisations look at scaling back their operations, some are trying to sub-let office space that they no longer need. The phenomenon which some call shadow space started to emerge in October, industry players say.44 words
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66 2008-12-06 7 THE European Central Bank delivered the biggest interest-rate cut in its 10-year history after the economic slump deepened and the inflation rate plunged. ECB policy makers meeting in Brussels lowered the benchmark lending rate by 75 basis points to 2.5 per cent; while Indonesia66 words
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Page 7 Advertisements
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Advertisement21 2008-12-06 7 Singapore's financial magazine Get your copy at $5.50 at leading newsstands and petrol stations. To subscribe, call 6388-3838 The Business Times21 words
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Page 7 Miscellaneous
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Miscellaneous220 2008-12-06 7 CRYPTIC CROSSWORD ACROSS romantic inspiration? (4,3) H^ One using stops in 8 Copy I'm changing about L_^J__^J__^J__^H__^J__^J__^J_J church? (8) 10 Second fat teen B^~^ of wine not properly rampaging mound yard? —^J—^J——^J—^J—^H—L J—— examined (4,4) 12 Organised campaign's wing (6) Rica, recall fine having continuing SOLUTION success (2,1,4) i 17220 words
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Miscellaneous74 2008-12-06 7 NEXT WEEK Dec 8-12, 2008 US DATA Dec 9 Oct pending home sales Dec 10 Oct wholesale inventories Crude inventories Nov treasury budget Dec TT Oct trade balance Nov export/import prices ex-ag Initial job claims Dec T2 Nov core PPI Nov retail sales Oct business inventories SINGAPORE DATA Dec 974 words
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FROM THE DESK OF
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Article, Illustration809 2008-12-06 8 FROM THE DESK OF The West must establish a long-term bond of trust with China, and vice-versa, despite the cultural differences that exist THE turmoil in the global financial markets and the fear that we are spiralling towards a global recession are causing many people809 words
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COMPANIES
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Article, Illustration1011 2008-12-06 9 Vincent Wee - Vincent Wee SECTOR IN FOCUS Contrary to optimism, cancellations and order reviews begin to surface as downturn bites. By SOMETHING'S gotta give and it did, despite the constant refrain from many shipyards that they saw no order cancellations on the horizon. Keppel Corporation got the ballBLOOMBERG - 1,011 words
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Business briefing
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83 2008-12-06 9 NEL to appoint new special auditor to probe 'round-tripping 1 allegations NEL Group said it is in the process of finalising the appointment of another independent international accounting firm to replace KPMG to look into allegations of NEL's involvement in "round-tripping" transactions. This is because "there is a real risk83 words
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118 2008-12-06 9 CHINA Farm Equipment said it is terminating a leasing and automobile manufacturing management contract in China. The contract was between its wholly owned unit, Hunan Zhongtian Dragon Boat Farm Equipment, and Hunan Juzhou Automobile Manufacturing and its shareholders. China Farm said it118 words
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46 2008-12-06 9 IPCO International has warned that a loss is anticipated for the half-year ended Oct 31, 2008. Among other reasons, the deteriorating global financial situation has resulted in a lower demand for semiconductor back-end equipment, it said.46 words
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Article, Illustration503 2008-12-06 10 Winston Chai - Winston Chai 3 local telcos and an overseas consortium are bidding for IDA project By winstonc@sph.com.sg Singapore SINGAPORE'S three telecommunications operators and an overseas consortium have thrown their hats into the ring in the mul-ti-million-dollar prize fight to determine the gatekeeper of the island'sSTOCKXPERT - 503 words
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Article476 2008-12-06 10 Siow Li Sen - Siow Li Sen By! lisen@sph.com.sg Singapore A FALL in earnings at Singapore Telecommunications does not necessarily mean a lower dividend payout for investors. Analysts say although SingTel's guidance is to pay 45-60 per cent of underlying net profit as dividends, the telco has the flexibility476 words
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Article114 2008-12-06 11 VOL CLOSE jtraitsAsia 38,619 84 5.0 6.3 ;olden 33,707 20.5 0.5 2.5 jfflesEdu 30,055 55 2.5 4.8 Joble Gl 29,959 91 -2.5 -2.7 Ezion 27,024 18 1.0 5.9 (lam 22,778 104 6.5 6.7 5ni ;Tel 22,497 254 2.0 0.8 Eosco Corf 22,459 87 -0.5 -0.( Ehina Honi114 words
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Article56 2008-12-06 11 CLOSE BY CENTS UP IMH 1624 67.2 2.8 UOB 5.05%NCPS 100 9000 40.0 0.4 China H 10US$ 965 38.2 2.7 Kei RBePW*****6 182 28.0 18.2 SIA 200 1086 26.0 2.5 HK Land 245 22.9 6.5 S I A 1060 20.0 1.9 UOB 1214 18.0 1.5 WBL Con 31856 words
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Article46 2008-12-06 11 CLOSEDOWN )UE 1126 -74.0 -6.: ISH 884 -24.4 -l.i straits Trd: 380 -16.0 -4.1 Cmdi 10US$ 212 -12.2 -3.i >BSBk6%NCPS 10 9260 -12.0 -0.1 Select Gri 18.5 -11.5 -38.: Ireat Eastern 860 -10.0 -1.1 )CBCG >.1%NCPS100 8480 -10.0 -0.1 tore Land 323 -10.0 -3.46 words
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Article96 2008-12-06 11 2.440 -0.050 litaMall 1.430 -0.050 :ityDev 5.250 -0.010 :osco Con 0.870 -0.005 IBS Grp 9.150 +0.060 :&N 2.700 lent Intl 0.390 jolden Agri 0.205 +0.005 IK Land 2.450 +0.150 IMH 16.240 +0.440 ISH 8.840 -0.160 lardine C&C 9.300 -0.020 Corp 3.810 +0.050 Land 1.350 +0.040 loble Gn 0.91096 words
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Article, Illustration543 2008-12-06 11 R Sivanithy - R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent SHOCKING news that the US economy has been in a recession defined as a general contraction in economic activity rather than two consecutive quarters of declines for a year now, the failure of US carmakers to convince the government543 words
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518 2008-12-06 11 LYNETTE KHOO - LYNETTE KHOO Bank demands payment for two outstanding sums of Ssl.o2m and USsl2.sm By lynkhoo@sph.com.sg Singapore ANOTHER Chinese company listed in Singapore has a credit line snapped after it defaulted on payment. Zhonghui Holdings said that it has received a letter of demand from518 words
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462 2008-12-06 12 Marissa Lee; Theodora Kee - Marissa Lee Theodora Kee But the economic slowdown means there will be some scaling back in terms of budget By and marilee@sph.com.sg dorakee@sph.com.sg Singapore THE Chinese proverb "qian li song c mao" which literally means "a swan feather sent from one thousand miles away", has462 words
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Article, Illustration337 2008-12-06 12 Lynette Khoo - Lynette Khoo By lynkhoo@sph.com.sg Singapore CHINA Milk has expanded downstream. The producer of pedigree bull semen, pedigree dairy cow embryos and raw milk said yesterday that it has begun raw milk processing to churn out dairy products under its own proprietary brand, Yinluo. WithAUGUST CONSULTING - 337 words
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Article, Illustration940 2008-12-06 13 Bloomberg They are in a better position to buy back debt as the region has not been hit as hard by the credit crisis Hong Kong ASIAN companies are stepping up the pace of debt repurchases as prices fall to record lows. GalaxyBloomberg; AFP - 940 words
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Page 10 Advertisements
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Advertisement231 2008-12-06 10 w A [SATO P^ RECRUIT Vice President-Asia Pacific Region The Center for Creative Leadership (CCL) is seeking a talented business professional to lead its global leadership development operations in its Asia Pacific region including public programs, customized solutions, executive coaching, and assessment instruments. For over three decades, CCL has conducted231 words
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Page 11 Advertisements
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Advertisement26 2008-12-06 11 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results I in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. HI26 words
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Page 12 Advertisements
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Advertisement440 2008-12-06 12 W^fE9 MATS g^NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NETTEST PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****4487 D) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant to440 words
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Page 13 Advertisements
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Advertisement18 2008-12-06 13 TUNE IN TO BIGGEST HITS OF THE 90S CHRIS BROWN TILL NOW! ONLY ON RADOO 100% PURE FUN18 words
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SINGAPORE
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Article, Illustration759 2008-12-06 14 Ang An Shing - Ang An Shing Most of them experience only a small drop in business, if at all; weekend traffic is still much the same By shingang@sph.com.sg AS the economic crisis bites, one would expect the public to spend less on eating out. However,FILE PHOTO - 759 words
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277 2008-12-06 14 SEMBAWANG Engineers Constructors, a subsidiary of India-listed Punj Lloyd Group, will build a $250 million plant in Brunei to make thin-film solar modules that are used to convert the sun's energy into electricity. This marks the group's first foray into renewable energy. "We have identified277 words
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Article, Illustration669 2008-12-06 15 Lee U- Wen - Lee U-Wen Observing government policies here, he says it's virtually a synonym for 'utilitarianism' By leeuwen@sph.com.sg AN American professor who visited Singapore recently believes that if Asia stays on course for the next three decades, China will be a massive version of Singapore, andFILE PHOTO - 669 words
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327 2008-12-06 15 L'OREAL Singapore, together with the Singapore National Commission for Unesco and the Agency for Science, Technology and Research (A*Star), yesterday launched the L'Oreal Singapore For Women in Science National Fellowships each worth $20,000 to be given to three young women scientists. A seven-member327 words
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Article, Illustration485 2008-12-06 16 Chuang Peck Ming - Chuang Peck Ming He says GlC's real return of 4% over last 20 years is respectable By peckming@sph.com.sg THE Government of Singapore Investment Corporation and Temasek Holdings may not be that badly hit by the plunge in the value of their stakesAFP - 485 words
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341 2008-12-06 16 Marissa Lee - Marissa Lee By marilee@sph.com.sg THE surge in local construction projects in these two years has catapulted the sector ahead of many others. In 2007, construction demand rose to $24.5 billion, up sharply from $16.8 billion in 2006. This year, it is expected to soar341 words
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Article588 2008-12-06 16 Uma Shankari - Uma Shankari By shankari@sph.com.sg TOKYO, Singapore and Hong Kong have emerged tops in the Asia-Pacific in a recent ranking of cities with the best property investment prospects for 2009. They were placed first, second and third respectively as investors shifted their attention from emerging cities to588 words
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LETTER FROM ABROAD
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Article, Illustration903 2008-12-06 17 Corrinne May - Corrinne May LETTER FROM LOS ANGELES Singer-songwriter LIVING in Los Angeles is like having the world at your doorstep. My gardener is from Mexico, my hairdresser from Korea, the guy who helps me at the post office is from Armenia, I eat ramen regularly at a lapanese903 words
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WORLD
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Article, Illustration378 2008-12-06 18 AFP American lawyers have presented a proposal for investors to sue some of the institutions Hong Kong HONG KONG investors who were allegedly mis-sold minibonds in the collapsed bank Lehman Brothers have been invited to mount an international lawsuit against theAFP - 378 words
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Article, Illustration488 2008-12-06 18 Pauline Ng - Pauline Ng By btworld@sph.com.sg Kuala Lumpur A LANDSLIDE at the CIMB headquarters on Thursday evening has led to an indefinite evacuation of its buildings, and the possibility that its operations could face some disruptions. In the late afternoon incident in the prestigious suburb of Damansara Heights,488 words
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358 2008-12-06 18 Neeta Lai - Neeta Lai BY btworld@sph.com.sg in New Delhi FOR the past 10 years, Vineet Lai a quintessential NRI (non-resi-dent Indian) settled in Toronto has been following a set pattern for a visit to his New Delhi home. He'd accumulate his office leave through the358 words
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Article, Illustration689 2008-12-06 19 AP Japanese car manufacturer is reportedly in talks with at least three prospective buyers London HONDA was talking yesterday to at least three prospective buyers interested in taking over the Formula One (Fl) team, raising hopes that its cars will make it toAP - 689 words
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481 2008-12-06 19 NYT, AP London HOW happy you are may depend on how happy your friends' friends' friends are, even if you don't know them at all. And a cheery next-door neighbour has more effect on your happiness than your spouse's mood. So says a newNYT, AP - 481 words
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Briefing
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72 2008-12-06 19 AFP jr BUDGET carrier Air Asia's plan to privatise and delist from the Malaysian stock exchange has been aborted due to the global financial crisis, reported The Edge. It said that the Malaysia-based carrier's major shareholder, Tune Air, was unable to raiseAFP - 72 words
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45 2008-12-06 19 Reuters hi INDIA cut fuel prices for the first time in nearly two years yesterday after crude oil's fall of over US$lOO gave the government room to expand its planned economic stimulus package to lift sagging markets.Reuters - 45 words
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39 2008-12-06 19 AFP is THE OECD warned yesterday that emerging market powerhouses China, India and Russia faced a sharp fall in economic momentum in the near term, with prospects also weakening in leading industrialised countries.AFP - 39 words
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63 2008-12-06 19 AFP ig CHINA and the United States yesterday ended key economic talks with vows of US$2O billion of trade financing to boost commerce amid uncertainty over whether the biannual discussions would continue. Treasury Secretary Henry Paulson said the US would support ChinaAFP - 63 words
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50 2008-12-06 19 Reuters oi INTERNATIONAL donors pledged US$5 billion in aid to Vietnam for 2009 yesterday, almost 8 per cent less than this year's figure after the biggest single donor, Japan, suspended assistance in the wake of a corruption scandal involving Tokyo-based Pacific Consultants International.Reuters - 50 words
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Article, Illustration446 2008-12-06 20 Bloomberg CEO wants top employees to stay so units can retain value while he seeks buyers New York AMERICAN International Group Inc (AIG), whose bonuses and perks drew fire from lawmakers after the insurer accepted a federal bailout, will make special retention paymentsBloomberg; REUTERS - 446 words
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493 2008-12-06 20 S Jayasankaran - S Jayasankaran By btworld@sph.com.sg Kuala Lumpur FORMER Malaysian Prime Minister Mahathir Mohamad has poured scorn on Prime Minister Abdullah Ahmad Badawi's promises to push through reform before he steps down in March next year. Dr Mahathir, a withering critic of Mr Abdullah for493 words
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589 2008-12-06 20 AP Washington THE Big Three were looking awfully small as they rolled into the Senate on Thursday for their second attempt to beg money from the federal government. Since their debacle last month when they flew to town on their corporate jetsAP - 589 words
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Article, Illustration521 2008-12-06 21 AFP, AP AT&T, DuPont, Credit Suisse lay off thousands as recession hits harder Washington MAJOR US companies such as AT&T and DuPont unleashed a new wave of layoffs on Thursday amid a deepening recession that has swollen government unemployment aid to aAFP, AP; AFP - 521 words
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Article, Illustration478 2008-12-06 21 Bloomberg Washington BERNARD Ebbers, the former WorldCom Inc chairman imprisoned for accounting fraud, joined the growing ranks of disgraced executives and government officials asking President George W Bush for clemency before he leaves office. Ebbers, 67, submitted a request to have his 25-year sentence commutedBloomberg - 478 words
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Page 21 Advertisements
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Advertisement23 2008-12-06 21 Lianhe Zaobao I IA leader in e-business I ssthan I three yeai y— -f striking out I on his own I v» r23 words
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SGX
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Article8806 2008-12-06 22 ligh Low Code Company Sale Cooo) High Low Buyer Seller C'vr P/E Smil 2 7 JO 10.5 9 4.5 II _23 2 9 66 10.5 5 5 II 4 10 4.5 3.5 14 9.5 02 12.5 0 _66 0 '1.5 \5 10 1.5 16 iO n8,806 words
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Article1529 2008-12-06 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 10 9 1181 s AA Grp 52 16 8538 s APStrategic > 1 1501 s Advanced System 58 12.5 3518 s Afor !8.3 2.7 1524 s Alantac s Alantac R s Alantac R300 ?0 3.51,529 words
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Article47 2008-12-06 25 Up Down Unch 5 7 3 Up Down Unch OOP Up Down Unch 5 7 3 lulti Ind lanui tectunnt -inance ]onst TUCt :ion •rot >erties Totel Jsts" >ervices ia3 !;er ire IThTfij ;i_w Active counters with no volume for todai are not included47 words
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Article181 2008-12-06 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum181 words
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842 2008-12-06 25 For week beginning Dec 1 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock CPH Ltd 3-Dec-OS CPH Ltd 3-Dec-OE CPH Ltd 3-Dec-OE CPH Ltd 3-Dec-OE CPH Ltd 3-Dec-OE Raffles Edu842 words
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STOCK MARKETS
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Article, Illustration19 2008-12-06 26 YTD change:-52.13% 52-week high: 3,570.51 on Dec 11,2007 52-week low: 1,473.77 on Oct 28,2008 Source: BloombergBloomberg - 19 words
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Article, Illustration20 2008-12-06 26 YTD change: -50.22% 52-week high: 29,962.90 on Dec 7,2007 52-week low: 10,676.20 on Oct 27,2008 Source: BloombergBloomberg - 20 words
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Article, Illustration25 2008-12-06 26 YTD change:-36.85% 52-week high: 13,780.10 on Dec 11,2007 52-week low: 7,449.38 on Nov 21,2008 (Chart shows Thursday's index closing) Source: BloombergBloomberg - 25 words
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364 2008-12-06 26 Dec A dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 645.7 -0.4 -42.9 -0.7 -42.9 -0.4 -46.1 EAFE Preliminai 617.0 -0.4 -44.9 -0.6 -47.3 -0.3 -50.3 Euroi Preliminai 881.0 0.0 -42.9 -0.3 -49.9 -0.1 -52.7 Pacific 495.4364 words
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Article, Illustration20 2008-12-06 26 YTD change:-61.63% 52-week high: 5,522.78 on Jan 14,2008 52-week low: 1,664.92 on Oct 28,2008 Source: BloombergBloomberg - 20 words
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Article, Illustration18 2008-12-06 26 YTD change:-48.28% 52-week high: 16,107.60 on Dec 7,2007 52-week low: 6,994.90 on Oct 28,2008 Source: BloombergBloomberg - 18 words
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Article62 2008-12-06 26 Dec4| :OCOA (£/tonne) Close Prev Hit ;h/Low )ec08 1754 1660 1754/1650 .1ar09 1534 1500 1538/1500 .lay 09 1534 1498 1538/1497 lul 09 1544 1508 1548/1515 :OFFEE (US$/tonne) Close Pev High/Low Ian 09 1802 1969 1969/1759 SUGAR (US tonne) White Close Prev High/Low 1ar09 307.7 314.5 312.0/307.2 .ay 09 318.062 words
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Article104 2008-12-06 26 Dec4| SOYBEANS (5,000 bu min; UScy60 lb bushels) Close Previous High/Low Jan 09 811.00 830.00 834.00 808.00 Mar 09 815.50 835.00 838.00 811.50 May 09 823.75 843.00 845.00 819.50 Jul 09 833.00 851.25 853.25 828.25 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Dec 08 29.22 30.28 30.20 29.10104 words
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Article74 2008-12-06 26 Dec4| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 44.34 -0.80 46.64 0.00 42.94 -0.51 46.75 -0.75 44.20 -0.75 PRODUCT USS/barrel (FOB S'pore) Close Change re_ Naphtha Jet Kerosene 27.17 -1.60 58.40 -1.60 USS/barrel Opec Oil Basket Price74 words
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Article75 2008-12-06 26 Dec 5 GOLD US$/oz) Dec 04 Dec 05 Hong Kong 768.40 768.20 769.40 769.20 Dec 03 Dec 04 London 779.20 771.75 781.20 773.75 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 14.64 14.4 Source: UOB PLATINUM Lon (US$/oz) Dec 04 Close Previous PM Fix 794.00 804.00 AM Fix75 words
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Article151 2008-12-06 26 Dec si Against S$ iurrencies Bid Offer '$/US$ to one unit of foreign currency: .ustralian dollar 0.9810 0.9823 Against US$ Bid 0.6458 Offer 0.6461 anadian dollar 1.1889 1.1905 0.7827 0.7830 Euro 1.9390 1.9411 1.2764 1.2767 NZ dollar 0.8092 0.8107 0.5327 0.5332 terling 2.2354 2.2379 1.4715 1.471! US151 words
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Article58 2008-12-06 26 Decs| )elivery 4onth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hi, 3ec08 1400 Ian 09 1406 reb09 1408 \/lar09 1440 .otal o/p: ***** contracts 1485 1494 1398 1495 1495 1395 1499 1499 1396 1497 1500 1400 Turnover: 9133 lots Market tone: Lower 516 205258 words
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Article70 2008-12-06 26 DecJ Uumlnlum, 99.7? mrity (US$/tonne' Close Previous :ash months 1540.80 1586.00 1569.51 1616.01 lopper, Grade A ;us$/tonne) lash J months 3248.00 3270.00 3423.51 3446.01 ■ead (US$/tonne; :ash 1 months 964.50 978.00 957.01 971.01 Nickel 'us: /tonne) Close Previous Cash 3 months Tin (US$/tonne) 9130.00 9250.00 9082.01 9205.01 Cash70 words
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Page 22 Advertisements
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Advertisement48 2008-12-06 22 '.II 7^ /ID /^°—R3"' JroDIMARS PIGUET i V^^^^^^^%' WHERE EXTREMES MEET "Vf: P^^^^^ |M j/y !"'^ijM[±T~_l23Sit^ Solß Dis*ributor S9rvice Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED "^.l^" "^^i-^/^, t -v *>T«te|g»?^B^"~' St^-^-341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 i—"V^ -."K^ ngJ^ggK]lt<^^;^^L^^v www.audemarspiguet.com **t-48 words
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PERSPECTIVE
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Article, Illustration1319 2008-12-06 27 Diana Wagman - Diana Wagman I don't want to be the one to remove the feeding tube, but I am not sorry I said what I did By I LOVE my 90-year-old father, and I wish he would die. In August, he told me: "I just wantSTOCK.XCHNG - 1,319 words
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Article852 2008-12-06 27 Matthew Lynn - Matthew Lynn Bloomberg Developed nations need to help establish proper governments in failed states such as Somalia in order to fight the piracy menace By I THE hijackings of a Saudi Arabian oil tanker and a Yemeni cargo ship by Somali pirates last month would seemBloomberg - 852 words
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Wealth
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WEALTH INVESTING
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Article, Illustration911 2008-12-06 28 Genevieve Cua - Genevieve Cua But the silver lining is that longer term returns still appear relatively healthy among some insurers. By INGAPOREANS who maintain traditional or participating insurance policies will be relieved to know that the expo- sure of major insurers here to so-called toxic assets911 words
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Article723 2008-12-06 28 Genevieve Cua - Genevieve Cua By INSURANCE companies are required from this year to issue statements on their participating funds for 2007, in the form of an "annual bonus update". From the statements that BT has seen so far, the quality and extent of disclosure vary widely. NTUC723 words
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Article749 2008-12-06 28 Lynette Khoo - Lynette Khoo City Spring Hold OCBC Investment Research, Dec 5 close: $0,495 CITYSPRING Infrastructure Trust (City Spring) plans to commercialise an existing fibre optic sub-sea cable attached to Basslink for telecommunications use. With Basslink's cable lying dormant, Telstra enjoys a monopoly in backhaul provision to Tasmania. Tasmania has749 words
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Article, Illustration1339 2008-12-06 29 Ben Fok - Ben Fok WEALTH INSIGHTS He should take advantage of potential investment opportunities rather than focus on losses CEO, Grandtag Financial Consultancy (S) ben.fok@grandtag.com LAST week, I was having a chat with Peter who was very depressed with the performance of his unit trust portfolio.1,339 words
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Article218 2008-12-06 29 CATEGORY ANNUALISED 1-MTH 3-MTH 6-MTH 1-YR 3-YR S-YR CY2007 JPYBond 8.62 20.17 23.84 21.72 4.37 0.54 0.20 US Dollar Government Bond 6.79 7.00 12.82 7.00 0.95 0.89 -0.18 US Dollar Money Market Islamic Global Bond 3.26 5.32 11.06 5.65 -0.34 0.13 -2.24 1.14 2.86 0.55 -0.44 0.39 3.04218 words
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Article, Illustration1536 2008-12-06 30 Teh Hooi Ling - Teh Hooi Ling show me the money Math, physics even nature can help you understand them better? Nah things just get a lot more confusing hooiling@sph.com.sg Senior correspondent ECONOMICS theory tries to understand the motivation of individuals, in the hope that understanding will help us make better■ David Cowan, The Black Swan - 1,536 words
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WEALTH REAL ESTATE
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410 2008-12-06 31 Bloomberg Dubai THE classified ads in Dubai now read like an obituary for a real estate market that until a few months ago seemed immune to the global credit crisis. A Turkish investor, who identified himself as Sebat, took out 10 bright yellow adsBloomberg - 410 words
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Article, Illustration978 2008-12-06 32 Kalpana Rashiwala - Kalpana Rashiwala GB Richard Ellis Singapore chief Pauline Goh instils courage in her younger staff by walking the talk By "IT IS during hard times that the best qualities are developed including perseverance, diligence, professionalism and the ability to think out of the box,"YEN MENG JIIN - 978 words
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Article, Illustration485 2008-12-06 32 Kalpana Rashiwala - Kalpana Rashiwala By CB Richard Ellis has launched a real estate finance advisory service in Asia, headquartered in Singapore, CBRE Singapore managing director Pauline Goh told BT in a recent interview. The business, headed by former Societe Generale investment analyst Alan Dalgleish,485 words
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Page 31 Advertisements
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Advertisement443 2008-12-06 31 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 NON-LANDED NON-LANDED CoteD'azur Apt 18/11/2008 99 1109 930 839 The Sail Marina Bay Apt 18/11/2008 99 1313 1553 1183 HaigLodge Apt 18/11/2008443 words
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Page 33 Advertisements
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Advertisement55 2008-12-06 33 AIDEMARSFIGUET BSS's^-- Le maitre de I'horlogerie depuis 1875 j| B^BH ■L MILLENARY COLLECTION r SEDUCTIVE MAGNETISM CHOCKER AND WATCH IN DIAMOND-SET PINK GOLD. WATCH WITH CENTRAL SECONDS HAND, EXCLUSIVE AUDEMARS PIGUET SELFWINDING MOVEMENT, DIAL WITH OFF-CENTRED WHITE MOTHER-OF-PEARL DISC. ALSO AVAILABLE IN YELLOW GOLD, WHITE GOLD AND STEEL. For enquiries,55 words
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Page 34 Miscellaneous
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Miscellaneous46 2008-12-06 34 mm* V J_L_____________U ..^J-j '_____B "^L v. ■fr^i ~^__________h> 's. -*_________C^^^*»S_ *^»-A»*---L. v'*':E*>v. .'r>b v-'V v\^-E'^ ?EE :V; JP*lf\ v^>V/lCS___H9G9af_D_B^' Pw«..«A j9K_-____M_!v_lP%Ct_Lt7>r^_ *-'''^«i^_____SBß_i ''^28____5<_______Si^i_ft,"'^^;' •"ii* /•f^rTfl!*/^ 4 j&EsfSff&T^ I \»**jST* iJfCP^^^***'.*»^_B-_n(PWi^B6---*_i *'%> r^v Tf J8« *><**& k iffifc <_? > _f vfesr^ '■'< i i .i' CHRISTMAS BAUBLE CAKE FROM46 words
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BT Living
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DINING
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Article, Illustration1271 2008-12-06 35 Audrey Phoon - Audrey Phoon Horned gothic structures, couture handbags and spiralling mushrooms Christmas cakes take on new identities this season as pastry chefs let their imaginations run wild. By Stefano Deiuri DeSte 20 Upper Circular Road #01-39/41 The Riverwalk *****-1556 AWARD-WINNING pastry chef Stefano Deiuri has dug into his childhoodYEN MENG JIIN - 1,271 words
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Article, Illustration863 2008-12-06 36 Audrey Phoon - Audrey Phoon Ten good reasons why you don't need to do any cooking this Christmas By ALBERT Suzanne once wrote of Christmas: "This is a family gathering, and on every table the same menu is prepared. A joint of beef, a turkey or goose, which is usually the863 words
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Article, Illustration1141 2008-12-06 37 There's nothing like a little background information to add depth to a fine-dining experience. Check out these two shops which are helping to educate consumers on the origins of their ingredients Culina Enoteca Block 8 Dempsey Road, #01-13 *****-7338 Sundays to Thursdays: 11am to 7pm, Fridays and Saturdays:ARTHUR LEE - 1,141 words
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ENTERTAINING
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Article, Illustration1179 2008-12-06 38 Cheah Ui- Hoon - Cheah Ui-Hoon guest chef Chef-proprietor Jereme Leung's study of Chinese regional cuisines has given him a healthy respect for China's culinary heritage. By HONG KONG-born and Asian-trained chef Jereme Leung was pretty much at the forefront of the "New Chinese cuisine" movement when it first appeared in SingaporeARTHUR LEE - 1,179 words
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SHOPPING
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Article, Illustration87 2008-12-06 39 Melissa Lwee - Melissa Lwee Christmas gift guide It's possible to go shopping for presents without breaking the bank this Christmas. This week's best leather buys for under $500 is the first in our festive shopping series to help you stretch your dollar. By next week: electronic gadgets Louis Vuitton87 words
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Article, Illustration661 2008-12-06 40 Melissa Lwee - Melissa Lwee AFTER decades of being the reigning master of deconstruction and reconstruction of garments, avant-garde designer Martin Margiela shocked the world of fashion when he decided to expand his fashion empire with the launch of a high jewellery range through a collaboration with renowned Italian jewellery661 words
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Article, Illustration405 2008-12-06 40 Mellisa Lwee - Mellisa Lwee Chanel A pioneer when it conies to fashion houses and fine jewellery, the first line of Chanel Fine Jewellery was launched in 1932, the year Mademoiselle Chanel created her "Bijoux de Diamants" collection about which she always said: "If I have chosen diamonds,405 words
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Article, Illustration607 2008-12-06 40 Cheah Ui- Hoon - Cheah Ui-Hoon GERT Hellmuth's family wasn't into jewellery, but this modern jeweller's fine fashion jewellery sports a unique design that is intertwined with his family heritage. Hellmuth jewellery one of the rare modern German jewellery brands pays homage to a tradition that goes back three generations.YEN MENG JIIN - 607 words
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Article443 2008-12-06 40 Melissa Lwee - Melissa Lwee IF you're the sort who hates seeing someone else wearing the same pendant as you, then Mine to Mine jewellery has the answer. The brainchild of Hong Kong based, Israeli-born jewellery designer Roni Namdar, every design only comes in one piece and all443 words
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HOME & GARDEN
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Article, Illustration1205 2008-12-06 41 Geoffrey Eu - Geoffrey Eu Design consultant and business owner Christopher Noto has an eye for decorating spaces in an Asian style without coming across as forced or overwhelming. By CHRISTOPHER Noto has a definite appreciation for some of the finer things in life it also complements an enviable knackYEN MENG JIIN - 1,205 words
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TRAVEL
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Article, Illustration1214 2008-12-06 42 Parvathi Nayar - Parvathi Nayar Lush landscapes, famous museums, cheerful cafes whatever one's expectations, Tuscany never fails to satisfy By I^^^^^ OW often does that dream image in your mind, and reality on the ground, turn out to be one and the same? Never, you say, but after a Tuscan holiday,BLOOMBERG - 1,214 words
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WEEKEND WITH
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Article, Illustration900 2008-12-06 43 Audrey Phoon - Audrey Phoon When he's not riding the waves on his longboard, winemaker Nigel Dolan can be found lovingly restoring his 1963 wooden speedboat By WEEKEND WITH NIGEL DOLAN CHIEF WINEMAKER WYNDHAM ESTATE Dolan isn't maturing quite as predictably as the award-winning wines he produces. About five years ago, the900 words
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HEALTH
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Article, Illustration750 2008-12-06 44 Cheah Ui- Hoon - Cheah Ui-Hoon Blood thinners are essential for patients going for knee and hip surgeries. By DATIENTS going for knee and hip surgeries have to watch out for one possible complication: getting a blood clot that is potentially fatal. In North America now, it's mandatory for such patientsAFP - 750 words
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343 2008-12-06 44 Cheah Ui- Hoon - Cheah Ui-Hoon TEACH a man how to fish, and you have fed him for a lifetime, goes the Chinese saying. The spirit of the saying was something that Maldivian businessman Alau Ali took to heart when he decided to sponsor a doctor343 words
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SPORT
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Article, Illustration814 2008-12-06 45 Vincent Wee - Vincent Wee no holds barred vincewee.com.sg Correspondent FOR a country that supposedly has high sporting aspirations, Singapore local companies seem to have a discouraging aversion to sponsoring sporting events or personalities. Indeed, very few of the big sporting events here have814 words
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GOLF
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Article, Illustration1168 2008-12-06 46 Justine Moss - Justine Moss A look at how Japan's Omata and Shimomura and Australia's Campbell are promoting their golfing careers at the Japan Ladies Tournament. THE recently concluded Lexus Cup at Singapore Island Country Club attracted some of the biggest names on the Ladies Professional Golf Association's (LPGA)1,168 words
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MOTORING
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Article, Illustration508 2008-12-06 47 Samuel Ec - Samuel Ec I Hong Seh is showcasing some very rare cars this weekend. By MORE than three dozen delectable examples of some very fast cars are on show outside the Formula One Pit Building this long weekend. Hong Seh Company, which distributes Ferrari and Maserati, is showcasing some veryARTHUR LEE - 508 words
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Article, Illustration439 2008-12-06 48 Samuel Ec - Samuel Ec The mid-engined Porsche's improved specifications is edging closer to the 911 Carrera. By AT a glance, the facelifted Porsche Cayman and Cayman S may not look very different from the car that appeared in 2005 but look closely and there are noticeable changes to439 words
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Article, Illustration407 2008-12-06 48 C V Chew - C V Chew Updates give the familiar silhouette a more chiselled mien By JUST as many ladies go under the knife for a little "help" in mid-life, automobiles are not spared either. BMW's venerable 3 Series has always been at the pointed407 words
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Article, Illustration804 2008-12-06 49 Samuel Ec - Samuel Ec The Cayman S II has achieved an equilibrium of its parts that should silence any critic By WHEN the Porsche Cayman S was first introduced three years ago, some thought the chassis of the mid-engined sports car was too good for the engine. Not anymore.804 words
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Page 45 Advertisements
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Advertisement730 2008-12-06 45 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Marina Mandarin Singapore Pan Pacific Singapore Level 35, Orchard Wing and Le Jardin dcs Sens in MontPellier>this 6 Raffles Boulevard, Marina Square Festive Party Packs Meritus Mandarin Singapore former "ght-hand man to the Michelin star730 words
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