The Business Times, 18 April 2009
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2009-04-18
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The Business Times
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Title Section15 2009-04-18 1 THE BUSINESS TIMES weekend aprilis-19,2009 ssi.oo S^T A SINGAPORE PRESS HOLDINGS PUBLICATION I mica(p)l9B/os/2008 www.businesstimes.com.sg15 words
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Article403 2009-04-18 1 Kalpana Rashiwala - Kalpana Rashiwala It will take expertise overseas while bringing places alive at home By kalpana@sph.com.sg Singapore AFTER 35 years of planning and shaping Singapore's physical landscape, Urban Redevelopment Authority (URA) is ready for a bigger canvas. It has set set up a URA Consulting Group (URACG)403 words
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460 2009-04-18 1 Siow Li Sen - Siow Li Sen Foreign law firm pays record starting salary to NUS grad By lisen@sph.com.sg Singapore LAW firms may be trimming costs and easing up on new hires, but a freshly minted young lawyer has just snared a record starting salary. She starts her460 words
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Page 1 Advertisements
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Page 1 Miscellaneous
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Miscellaneous153 2009-04-18 1 —St J.i_- _4SJtn SUGAR RUSH Candy still ringing the tills Mainstream confectionery retailers report an over 10 per cent rise in sales over the past six months despite the downturn and expect the surge to continue 2 CITI SURPRISE Q1 loss falls to USs966m Citigroup's latest bottom line, the smallest153 words
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Miscellaneous29 2009-04-18 1 MOTORING from the desk of ECONOMY Topless fun in the Jn\\ IN GREEN POWER Could it be a V Porsche 911 Cab Ll9 s_#^H WE TRUST 9 recovery? 28-2929 words
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Miscellaneous8 2009-04-18 1 J9&F9 RAFFLES CONVERSATION Akamai CEO Paul Sagan 6-78 words
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TOP STORIES
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MARKETS
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Article47 2009-04-18 2 KL COMP 965.17 +3.89 NIKKEI 225 8,907.58 +152.32 HANG SENG 15,601.27 +18.28 SET 456.95 +3.98 JAKARTA 1,634.79 +9.70 MANILA 2,094.13 +29.47 KOSPI 1,329.00 -7.72 SHENZHEN B 374.44 -3.62 MUMBAI IND 11,023.09 12 noon EDT +75.69 Chanpe 12 noon EDT DOW 8,132.12 Change +6.69 NASDAQ 1,661.10 -9.3447 words
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Article29 2009-04-18 2 SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.033 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source Bloomberg:.- Bloomberg - 29 words
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Article42 2009-04-18 2 US$ 2$ ier US$; 1.503 ;us$/s$ 1.482 2.228 EURO(US$/S$/E) 1.309 roreign currency per US$, S$ 1.967 YEN 99.50 66.20 RM 3.615 2.405 HK$ 7.750 5.157 BAHT 35.46 23.59 RUPIAH 10,725 7,137 RENMINBI 6.832 4.547 INDIAN RUPEE 49.76 33.11 A$ 1.389 0.92442 words
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Article, Illustration589 2009-04-18 2 Zeinab Yusuf - Zeinab Yusuf More Singaporeans seem to be turning to sweets to ease stress from a tough economy By zeinabs@sph.com.sg Singapore THE mother of all economic crises may be turning some Singaporeans into candy junkies. Over the past six months sales of low andYEN MENG JIIN - 589 words
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Article, Illustration964 2009-04-18 3 Kalpana Rashiwala - Kalpana Rashiwala New round of reviews begins this year on blueprint for Singapore's long-term physical development By kalpana@sph.com.sg Singapore THE Urban Redevelopment Authority (URA) will begin this year a new round of reviews for Concept Plan 2011, a blueprint that maps out964 words
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Article, Illustration492 2009-04-18 4 Jamie Lee - Jamie Lee Josie Lav says her team is pro-women, pro-family and pro-Singapore By leejamie@sph.com.sg Singapore THE new president of women's advocacy group Aware says that new members have been recruited to "swell support" to replace the new executive committee. ButFILE PHOTO - 492 words
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600 2009-04-18 4 Anthony Rowley - Anthony Rowley By btworld@sph.com.sg Tokyo THE ruling Liberal Democratic Party (LDP) yesterday revealed plans for a government body to buy up to 50 trillion yen (*****.6 billion) of shares from investors if the stock market plunges to levels that would signal600 words
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506 2009-04-18 5 AP, Reuters But it's still USs966m in the red after loan losses and dividends New York CITIGROUP's problems are far from over, but it reported its smallest quarterly loss since 2007. The bank posted a firstquarter loss to common shareholders of US$966 millionAP, Reuters - 506 words
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Article, Illustration681 2009-04-18 5 Reuters, AP Attack on founder of 'yellow shirt' protest movement was meant to kill, say police Bangkok THE founder of Thailand's "yellow shirt" protest movement that shut down Bangkok airports last year was shot and wounded in an assassination attempt yesterday, just days afterReuters, AP; REUTERS - 681 words
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Page 2 Miscellaneous
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Miscellaneous64 2009-04-18 2 NEWS LIVING Top stories 2-5 Wine L 2-4 Raffles Conversation 6-7 Dining L 5-7 Week In Review 8 J Singapore 15-17 Letter From Abroad 18 Entertaining L 8 World T9-22 Gadgets L 9 Stocks Stats 23-27 Home Garden LIO-IT Perspective 28-29 Shopping Ll2-14 Wealth 30-36 Health Ll5 Show Me The64 words
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Page 4 Advertisements
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Advertisement49 2009-04-18 4 CLEAR^JCE SALE t-i«fs^r? STONE TILES FROM APRIL 18 MAY 3, 2009 MAR&LE I GRANITE UM£srON£ 1 TRAVERTINE ONYX EXQUISITE ITALIAN TILES I GALLERY OPENS DAILY MON-FRI 10AM-4PM SAT 10AM 7PM SUN&PH 11 AM -SPM BUILDERS DESIGN CENTRE #04-01, 11 CHANGI SOUTH STREET 3. SINGAPORE 48*122. TEL 65-4545-5225 WWW.STILE COM-SC49 words
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RAFFLES CONVERSATION
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Article, Illustration1735 2009-04-18 6 Kenneth James - Kenneth James Akamai CEO Paul Sagan talks about the company's troubles and triumphs after the death of co-founder Danny Lewin in the 9/11 attacks. By PAUL Sagan is a man on a mission. As president, and now CEO, of Akamai Technologies Inc, he has guided theYEN MENG Jlll\ - 1,735 words
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513 2009-04-18 6 THE first successful streaming of Star Wars and The Lord of The Rings trailers on the Internet Akamai. The first webcast of Steve Jobs keynote Akamai. In 1999 these were groundbreaking because, for the first time in Internet history, large numbers of people from513 words
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Page 6 Advertisements
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Advertisement76 2009-04-18 6 Raffles 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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THIS WEEK
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Article, Illustration85 2009-04-18 7 THAILAND declared a state of emergency in Bangkok on Sunday, spurring anti-government demonstrators to step up protests across the capital as they demanded the resignation of Prime Minister Abhisit Vejjajiva. The emergency decree came a day after protesters stormed a regional leaders' summit in the resortAFP - 85 words
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Article50 2009-04-18 7 THAI Prime Minister Abhisit Vejjajiva on Monday urged demonstrators seeking his removal to disperse after clashes left two dead and at least 113 people injured as soldiers battled to restore order to Bangkok's streets. One person was shot dead in fighting between the protesters and residents.50 words
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40 2009-04-18 7 SCANDAL-HIT IT services company Satyam Computer Services has finally got a new owner. Tech Mahindra has outbid its rivals with a US$352 million offer for a 31 per cent stake in the company.40 words
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39 2009-04-18 7 SINGAPORE bank stocks rose sharply on Monday amid a broad market rally across much of Asia. But analysts were quick to warn that little has changed in the outlook for banks here.39 words
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53 2009-04-18 7 THE economy sank deeper in the first quarter and is now expected to contract by between 6 and 9 per cent this year. But private sector economists remain hopeful that the worst is now over, even if the GDP figures stay in the red for another53 words
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64 2009-04-18 7 THAI anti-government protesters in Bangkok surrendered on Tuesday, giving the harried prime minister some breathing space to try to fix the worsening economy. Police said that arrest warrants have been issued for former prime minister Thaksin Shinawatra and 13 leaders64 words
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43 2009-04-18 7 ÜBS Singapore on Tuesday started laying off 100 people here as part of a regionwide retrenchment exercise. About 240 people at various levels will lose their jobs in the Swiss bank's wealth management units in the Asia-Pacific.43 words
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66 2009-04-18 7 WHILE the economy could have bottomed out in the last quarter, first-quarter corporate earnings which will start coming in from about 400 companies this month may not have hit the floor, analysts say. Ugly bruises will show up in the66 words
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48 2009-04-18 7 A RAY of hope dispelled some gloom in the private home market on Wednesday when new data showed developers selling 1,220 new units in March. This takes the number sold in Q1 2009 to 2,660 the best quarterly performance since Q3 2007.48 words
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63 2009-04-18 7 IN the first civil suit it has ever filed, the Monetary Authority of Singapore is suing a former employee of WBL Corporation for alleged insider trading. Kevin Lew Chee Fai is alleged to have sold 90,000 WBL shares at $4.98 each, two days63 words
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50 2009-04-18 7 HEDGE fund executive Barrett Wissman, founder of the annual Sun Festival that had its Asian debut in Singapore in 2007, has pleaded guilty to securities fraud. He will pay US$l2 million over several years as part of a settlement under his felony plea.50 words
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53 2009-04-18 7 THE Singapore Exchange on Wednesday reported a 45.5 per cent drop in third-quarter net profit, as trading and IPO activity remained muted. Profit for the three months ended March 31 slumped to $55.3 million from $101.5 million a year earlier, but met expectations53 words
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Page 7 Miscellaneous
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Miscellaneous229 2009-04-18 7 CRYPTIC CROSSWORD ACROSS H: |X mmmW' mmmW'' < ~>' le W' lo W'^ 3 7 Athenian statesman replies H__PB__PB__H H_JHL__PB|__H meal? (6) leader of country (8) —h— h —^m —h m 10 shower works (6,4) I I I m I q_ 6) Arabian state, around pH2^ j f^ I a229 words
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Miscellaneous79 2009-04-18 7 NEXT WEEK April 20-24, '09 US DATA April 20 March leading indicators April 21 Redbook consumer spending for 18/04 week April 22 Crude inventories for 17/04 week April 23 Initial claims for 18/04 week March existing home sales April 24 March durable orders March new home sales SINGAPORE DATA April79 words
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FROM THE DESK OF
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Article, Illustration985 2009-04-18 8 Steve Carlisle - Steve Carlisle Caring for the planet doesn't mean that we need to give up modern-day conveniences, but it does mean that we need to think about how we use energy FROM THE DESK OF President, General Motors Southeast Asia WE will be celebrating Earth Day985 words
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COMPANIES
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Article, Illustration500 2009-04-18 9 Uma Shankari - Uma Shankari REITS I This is after addition of one property to its portfolio and completion of improvements at two others By shankari@sph.com.sg Singapore CAPITAMALL Trust (CMR, Singapore's biggest property trust, said that its first-quarter distributable income climbed 8 per cent after it added500 words
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352 2009-04-18 9 Emilyn Yap - Emilyn Yap By emilyny@sph.com.sg Singapore THE mall business in China has held up so far but Capitaßetail China Trust (CRCT) is mindful of the economic downturn's impact on rents and occupancies. The trust shared this view yesterday as it reported a net property income of352 words
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Article626 2009-04-18 9 Lynette Khoo - Lynette Khoo By lynkhoo@sph.com.sg Singapore ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported a distribution per unit (DPU) of 3.23 cents for its fourth quarter ended March 31. This raised full-year DPU to 15.18 cents, a rise of 7.4 per cent on the back of626 words
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Article, Illustration511 2009-04-18 10 Yen Sreenivasan - Yen Sreenivasan Deal involves maintenance of 5 aircraft, on top of 29 clinched earlier By ven@sph.com.sg Singapore IN a move that puts it at the heart of the still-growing Middle East aviation market, SIA Engineering (SIAEC) has signed another deal with Bahrain-based GulfCHUNG KUN SOON/LIANHE ZAOBAO - 511 words
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467 2009-04-18 10 Lynette Khoo - Lynette Khoo By lynkhoo@sph.cotn.sg Singapore IN A move to diversify from its core textile business, C&G Industrial Holdings has unveiled plans to make a 359 million yuan (5578.8 million) acquisition in the waste-to-energy sector. It will pay for it through the467 words
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176 2009-04-18 10 Joyce Hooi - Joyce Hooi By joyceh@sph.com.sg Singapore AS part of a bid to expand globally, OKP Holdings has agreed to issue 15 million new shares to a strategic partner, China Sonangol International (S) Pte Ltd. The new shares, representing about 10 per cent of the176 words
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Article, Illustration582 2009-04-18 11 R Sivanithy - R Sivanithy STOCKS| Penny stocks under 20 cents were the prime targets of the week, mostly because of their low absolute price sivan@sph.com.sg Senior correspondent QWHAT does the US's National Aeronautics and Space Ad--0 ministration (Nasa) and the Singapore stock market have in common? A: Apart from582 words
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Article115 2009-04-18 11 VOL CLOSE lhart SemiCond 254,060 16.5 1.5 10.0 199,914 0.5 0.0 0.( iolder 115,366 36 0.5 1.4 Ihina Hon} 62,966 15 05 3.4 Iosco Cor 36,884 110 -1.0 -0.9 run moor 33,373 0.5 0.0 0.0 -ottvis 33,013 6.5 1.5 30.0 rill. 29,522 1.0 20.( l&GInd 26,853 15115 words
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Article55 2009-04-18 11 CLOSE UP i BXT Nift\ 10US$ 6970 1339.8 14." ;txpo 100 1346 50.0 3.' >el Con 574 21.0 3.1 >CBCCa| 5.1%NCPS 100 8920 20.0 o.: 'BXT FTChina25 10US$ 2288 18.0 0.5 >CBC Bk.ES.0904 583 17.0 3.1 lUE 1042 16.0 l.i I OB 1122 16.0 1.. IOB.ES.0904 1120 16.055 words
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Article52 2009-04-18 11 CLOSEDOWN iLD 10US$ 8574 -313.9 -2.. iBXTS&P Short 10US$ 7463 -175.7 -1.! !MT 860 -140.0 -14.1 IMH 1996 -120.2 -3.' )CBC Bk 5.1%NCPS 100 9280-100.0 -1.' 615 -21.0 -3.: ISH 1116 -18.0 -1.' ir China H 10US$ 1179 -15.0 -0.! .0904 617 -13.0 -2.' 'ransi >ac R 1252 words
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Article103 2009-04-18 11 litaLand 2.850 -0.010 litaMall 1.300 +0.010 lit 6.150 -0.210 lomfortDelGro 1.340 +0.010 Iosco Con 1.100 -0.010 'BS Gn 9.320 +0.050 :&N 2.710 +0.060 lent Intl 0.610 +0.005 iolden Aj 0.360 +0.005 IK Land 2.410 +0.010 IMH 19.960 -0.800 ISH 11.160 -0.120 lardine C8cC 14.340 +0.080 >el Con 5.740103 words
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251 2009-04-18 11 BLACKBERRY smartphones will now come with an extra touch in the form of Rednano Locate, a location-based directory and search service. SPH Search, a subsidiary of Singapore Press Holdings (SPH) and through its mobile platform Rednano Mobile, is partnering Research In Motion (RIM), the251 words
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367 2009-04-18 11 Uma Shankari - Uma Shankari By shankari@sph.com.sg Singapore GUOCOIAND, the Singapore-list-ed property unit of Malaysian tycoon Quek Leng Chan, saw a near doubling of its net earnings for the third quarter ended March 31 as it booked profits from sales of its residential367 words
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Article, Illustration727 2009-04-18 12 Conrad Tan - Conrad Tan Bank prefers to stay conservative in tough times, it says in response to call for return of more capital By conradt@sph.com.sg Singapore OCBC Bank has no plans for a rights issue to raise more share capital, its chairman said yesterday. "As ofFILE PHOTO - 727 words
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Business briefing
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60 2009-04-18 12 CAPITALAND yesterday said that its indirect wholly owned subsidiary, Raffles City (Hangzhou) Real Estate Development Co Ltd has increased its registered capital from U5549.94 million to U5599.84 million. The increase is by way of a cash injection by Raffles City Hangzhou's sole shareholder, Pagesus60 words
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110 2009-04-18 12 BANYAN Tree Holdings yesterday reiterated that while it has plans to launch a fund to support its projects in China, no such fund has been officially launched yet. This was to clarify a Reuters report in BT yesterday ("Banyan raises at least USssoom China110 words
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Article50 2009-04-18 12 EQUATION Corp yesterday said that its chief financial officer (CFO), Goh Poll Kee, has tendered her resignation and her last day of service is May 31. It added that Tan Kian will be appointed as the group finance director of the company with effect from yesterday.50 words
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258 2009-04-18 12 Uma Shankari - Uma Shankari By shankari@sph.com.sg Singapore SP AUSNET, the Australian power distributor which is part of the Singapore Power Group, yesterday said that damage from the severe bushfire crisis experienced in the state of Victoria in February is lower than originally expected. The company also258 words
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Article, Illustration379 2009-04-18 13 Jamie Lee - Jamie Lee The reference price for contract settlements will be provided by price data service The Steel Index By leejamie@sph.com.sg Singapore THE Singapore Exchange (SGX) will be the world's first to clear over-the-counter (OTC) iron ore swaps a type of hedging instrument. SGXJOHN HENG - 379 words
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291 2009-04-18 13 Joyce Hooi - Joyce Hooi By joyceh@sph.com.sg Singapore A RASH of profit warnings came from at least five companies yesterday as the economic downturn makes its presence felt on bottom lines. Three companies Armarda Group, Excelpoint Technology and China Yongsheng braced the market for first quarter net losses291 words
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344 2009-04-18 13 Emilyn Yap - Emilyn Yap By etnilyny@sph.cotn.sg Singapore CATALIST-LISTED Natural Cool Holdings yesterday applied to Singapore Exchange (SGX) to transfer its shares to the main board. The company, which is in the air-conditioning, switchgear and building materials businesses, was first listed on the old Sesdaq in344 words
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221 2009-04-18 13 MACARTHURCOOK Industrial Reit (MI-Reit) yesterday said that it has satisfied all conditions to get a 60-day extension for its $220.8 million loan facility, which was originally due to expire today. With the extension, the loans will instead be due on lune 16 this year.221 words
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Page 10 Advertisements
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Advertisement214 2009-04-18 10 W^as9 [SATS g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOJITZ CAPITAL ASIA PTE. LTD. [Co. Reg. No. *****7334E] (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the214 words
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Page 12 Advertisements
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Advertisement75 2009-04-18 12 ACAL HOLDINGS PTE. LTD. (Company Registration No. *****4304 D) ASIAN MARINE SYNDICATE 1965 PTE. LTD. (Company Registration No. *****4297R) NOTICE OF CESSATION OF OFFICE The board of directors of ACAL Holdings Re Ltd wishes to inform that Mr Richard Yeo has left ACAL Holdings Pte Ltd ("ACAL") and Asian Marine75 words
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SINGAPORE
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395 2009-04-18 14 Emilyn Yap - Emilyn Yap External finances remain strong and the government has neither foreign-currency nor external debt, the agency says By etnilyny@sph.cotn.sg CITING Singapore's strong finances, flexible government policies and stable political scene, Fitch Ratings yesterday affirmed the country's "AAA" sovereign ratings. The rating agency said that395 words
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186 2009-04-18 14 THE National Wages Council (NWC) will meet next month to discuss wage and wage-related guidelines for 2009/2010. To aid its discussions, the council has invited members of the public and organisations to give their views on wage-related matters. The NWC said yesterday186 words
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Article, Illustration437 2009-04-18 14 Nisha Ramchandani - Nisha Ramchandani By nishar@sph.cotn.sg COMPANIES should capitalise on the opportunities present during a recession, be it by playing to their strengths or banding together to explore new avenues. Even in an unprecedented recession such as this one, opportunities are abundant, said the six panelists of theJOSEPH NAIR/THE STRAITS TIMES - 437 words
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Article, Illustration477 2009-04-18 15 Arthur Sim - Arthur Sim CRA is building up its investigative and enforcement capabilities By sitnska@sph.cotn.sg THE Casino Regulatory Authority (CRA) has the task of regulating the two casinos that will open here at around the end of the year. To this end, it has477 words
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Article, Illustration692 2009-04-18 15 Cheah Ui- Hoon - Cheah Ui-Hoon SATURDAY SOAPBOX By uihoon@sph.com.sg THE drama of a group of women staging what's effectively a coup at women's advocacy group, Aware, in the past week has been "amusing" to watch on the sidelines. It was playing outMOHD ISHAK^HE NEW PAPER - 692 words
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Article, Illustration454 2009-04-18 16 Teh Shi Ning - Teh Shi Ning Stability needed for economic recovery to take place, says M'sia DPM at forum By tshining@sph.cotn.sg THE postponement of the Asean summit in Pattaya is a setback and will hurt credibility, but it also highlights Asean's longstanding challenges, the divergence of both theAP - 454 words
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Briefing
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Article40 2009-04-18 16 THE Singapore 2010 Youth Olympic Games website (www.singapore2olo.sg) has been revamped to include a new WhyOhGee youth microsite (www.whyohgee.sg) which aims to get youth worldwide engaged in Singapore 2010, using content developed by young people.40 words
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Article77 2009-04-18 16 EIGHTY Maybank Singapore staff and student volunteers from Youth Bank will visit over 1,000 households in Nee Soon East to help "audit" their energy consumption and share energy-saving tips with residents. To encourage lower electricity usage, Maybank is also offering at Maybank@Yishun a one-off $1077 words
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Article25 2009-04-18 16 HSBC has opened a new branch in Tampines 1 Mall, which offers a full suite of banking and financial services.25 words
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Article, Illustration320 2009-04-18 16 THE Ministry of Health (MOH) yesterday announced two key appointments Peter Seah, former Overseas Union Bank chief executive, was named chairman of Singapore Health Services (SHS) while Shangri-La Hotels' Kay Kuok Oon Kwong was named chairman of the National Healthcare Group (NHG). The appointmentsFILE PHOTO - 320 words
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LETTER FROM ABROAD WITH ASCOTT
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Article, Illustration741 2009-04-18 17 Eric Choo - Eric Choo LETTER FROM DENVER Associate, Audit KPMG LLP We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter@sph.com.sg along with a photo of yourself, as well as741 words
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Page 17 Advertisements
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Advertisement202 2009-04-18 17 NOW DEFINING GLOBAL LIVING mmmm. V^k IN SINGAPORE SPECIAL 25 th anniversary a2tw~ Jm Wk. PROMOTION Mm m Ascott invites you to celebrate its 25 lh anniversary with special rates and Wt Jma\%t. ok. I promotions at our 6 participating serviced residences in Singapore. From the O/ liflfl spacious exclusivity202 words
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Advertisement18 2009-04-18 17 THE ASCOTT GROUP A Member of Capita Land This series is brought to you by The Ascott Group18 words
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WORLD
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450 2009-04-18 18 NYT Mainstream content to be showcased in a new section of its website New York IN another step in its transformation from an online jumble of amateur videos to a destination for mainstream TV programmes and movies, You Tube said on Thursday thatNYT - 450 words
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Article, Illustration430 2009-04-18 18 AP San Francisco GOOGLE Inc eked out a higher profit in the first quarter as the Internet search leader trimmed its workforce and winnowed other expenses to overcome the slowest revenue growth since the company went public nearly five years ago. The results released onAP; Mr SCHMIDT - 430 words
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Article, Illustration415 2009-04-18 18 AFP Tucson, Arizona ASTRONAUTS' meals have come a long way from the freeze-dried powders and semi-liquid pastes of decades ago: now US scientists want to grow vegetables in mini-greenhouses on the Moon. Although space fare has steadily improved over time, aAFP - 415 words
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Article, Illustration392 2009-04-18 19 Bloomberg Plan helps Wall St but does little for financial system, economist says New York THE Obama administration's plan to fix the US banking system is destined to fail because the programmes have been designed to help Wall Street rather than create aBloomberg; BLOOMBERG - 392 words
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637 2009-04-18 19 AP Washington THE US Treasury Department on Thursday defended the viability of its US$l trillion plan to get soured mortgage investments off banks' books after IPMorgan Chase's chief executive said the company won't participate in the programme. Some analysts said comments by IPMorgan Chase CoAP - 637 words
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516 2009-04-18 20 Reuters Each Wall Street job helps create up to three service jobs, ranging from law firms to retail shops, economists say New York WALL Street shed 3,100 workers in March, shrinking New York City's most important generator of jobs toReuters - 516 words
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Article, Illustration326 2009-04-18 20 AFP, HP London A 47-year-old Scottish charity volunteer has become an unlikely international media sensation after a stunning talent show performance, amid reports she is set to cash in with a quick record deal. By Thursday, a video clip of Susan Boyle's singing debut on theAFP, HP; AP - 326 words
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422 2009-04-18 20 Bloomberg Mutations may raise a person's risk New York COMPANIES that sell DNA testing to pinpoint individual risks for common diseases provide little real information, says one of four commentaries featured in the New England Journal of Medicine. David Goldstein, a Duke University researcher,Bloomberg - 422 words
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Article, Illustration493 2009-04-18 21 S Jayasankaran - S Jayasankaran His grouse is the inclusion of 'some unsavoury characters' By btworld@sph.com.sg Kuala Lumpur IT had to happen sooner or later. After three weeks of relative calm, former prime minister Mahathir Mohamad cut loose and sharply criticised Prime Minister Najib Razak's newAFP - 493 words
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Article, Illustration426 2009-04-18 21 Yen Sreenivasan - Yen Sreenivasan By ven@sph.com.sg Singapore FACED with the worst operating environment in years, Cathay Pacific Airways is slashing costs and capacity. From next month, the Hong Kong-based carrier will cut passenger capacity 8 per cent and cargo capacity 11 per cent. And all of itsAP - 426 words
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Page 19 Advertisements
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Advertisement13 2009-04-18 19 1 SmM'B BEST MBSBCJ W WH..«<»'«'* ,A-''U"' s£i (913™ I |IPDIV'B BEST MUSIC13 words
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Page 21 Advertisements
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Advertisement15 2009-04-18 21 Lianhe Zaobao Quitting of Citic Pacific chief Larry Yung China HK media take different views15 words
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SGX
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Article8874 2009-04-18 22 SZ-wks Tel Ugh Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 1.5 3 3148 8Telecom 1 2.5 5834 A-Sonic 10.5 12 5000 ABR Hldgs 7.5 5.5 1938 AEI Corp 1^5 1 11008,874 words
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Article1689 2009-04-18 25 High Low Code Company Ugh Sale ('000) High Low Buyer Seller C'vr P/E $mil 70 5 1181 s AAGrp 72 13 8538 t APStrategic 7 0.5 1501 s Advanced System 4 2 3480 t Adventus 78.5 8.5 3518 s Afor 9 2 1524 t Alantac 9.5 3.5 78141,689 words
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Article46 2009-04-18 25 Up Down Unch 6 7 4 Up Down Unch OOP Up Down Unch 6 7 4 lulti Ind lanul |-acturin; .ommerce -inance ,onst ruction 'roperties Tfo\ Totel Sts" >ervices led \m TateT lininiarr Active counters with no volume for today are not included.46 words
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Article170 2009-04-18 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; eri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum170 words
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Article799 2009-04-18 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 13 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS Before ('000) After ('000) itock Mka Intl Hldgs 16-Apr-09 Mka Intl Hldgs 16-Apr-09 lino-Environment Tech 16-Apr-09 lino-Environment Tech 16-Apr-09 DceanusGrp 16-Apr-09 DceanusGrp 16-Apr-09799 words
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Advertisement32 2009-04-18 22 !1 ;ill .^S^V t^mmmm\mm\\%^S^^ MMARSPIGUET JCJjSBPL WBtn Le maitre de I'horlogerie depuis 1875 **JBo^"lirw AswPKa, r^xW gglii ROYAL OAK OFFSHORE COLLECTION ''A^'W^ili^^MaSfcW^ m <^33^: i^^ For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com32 words
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MARKETS
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STOCK MARKETS
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370 2009-04-18 26 In local curr In S$ In US$ %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change Apr 16 World Index Preliminai 651.1 0.7 -3.9 0.3 -1.8 0.7 -5.5 tEAFE Preliminai 625.4 1.2 -3.7 0.8 -3.5 1.2 -7.2 Euro| Preliminai 865.1 2.0370 words
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Article73 2009-04-18 26 Apr Jill COCOA (£/tonne) Close Prev Hit 'Low day 09 1716 1762 1767/1713 lul 09 1685 1728 1732/1682 Sep 09 1678 1718 1720/1677 )ec09 1676 1714 1722/1673 :OFFEE (US$/tonne) Close Pev High/Low day 09 1502 1514 1528/1495 lul 09 1488 1507 1515/1484 Sep 09 1494 1514 1520/1491 SUGAR (US73 words
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Article96 2009-04-18 26 Apr 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 09 1058.*****5.*****9.*****4.50 Jul 09 1050.*****1.*****0.*****0.50 Aug 09 1021.*****8.*****5.*****1.75 Sep 09 982.00 972.50 984.50 973.25 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low May 09 36.75 36.95 37.37 36.65 Jul 09 37.05 37.25 37.65 36.95 Aug 0996 words
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Article76 2009-04-18 26 Apr J6| USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 53.23 0.71 49.99 0.50 51.32 -0.56 55.00 -0.60 54.60 -0.60 PRODUCT USS/barrel (FOB S pore) Close Change ire] Naphtha Jet Kerosene 49.45 -0.05 62.35 1.15 USS/barrel Opec Oil Basket76 words
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Article67 2009-04-18 26 Apr 17\ iOLD :US$/oz) 16 17 long Kong 889.00 870.30 890.00 871.30 Apr 15 Apr 16 .ondon 890.45 878.65 891.45 880.15 Source: Thomson Reuters SILVER Selling Buying >assbook 1 oz 18.52 18.28 Source: UOB >LATINUM/Lon (US$/oz) Apr 16 Close Previous >M Fix 1213.*****6.00 iMFix 1218.*****8.00 Source: Thomson Reuters M.ATINUM67 words
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Article150 2009-04-18 26 Aprl7\ Against SS Currencies Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0814 1.0828 Against US$ Bid 0.7200 Offer 0.7202 Canadian dollar 1.2379 1.2393 0.8242 0.8243 Euro 1.9660 1.9685 1.3089 1.3093 NZ dollar 0.8596 0.8614 0.5723 0.5729 Sterlini 2.2261 2.2292 1.4821 1.4827 US dollar150 words
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Article65 2009-04-18 26 Apr 17] KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi) May 09 2500 Jun 09 2411 Jul 09 2355 Aug 09 2303 Total o/p: ***** contracts 2570 2592 2480 2487 2510 2389 2435 2446 2322 2384 2399 227965 words
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Article71 2009-04-18 26 Apr 16 Aluminium, 99.7% purity (US$/tonne) Nickel ;uS$/tonne) Close Previous Close Previous Cash 3 months Copper, Grade A 1445.75 1482.00 1478.50 1515.00 Cash 3 months Tin (US$/tonne) *****.00 *****.00 *****.00 *****.00 'US$/tonne) Cash 3 months Lead (US$/tonne) 4725.00 4729.00 4811.50 4819.00 Cash 3 months Zinc, Special Hi} *****.0071 words
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PERSPECTIVE
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Article, Illustration1616 2009-04-18 27 Vikram Khanna - Vikram Khanna Just as they didn't see the crisis coming, the doomsayers might be equally wrong about the global economic recovery. The views of some economists that the recovery will be shaped not like an V or a 'IT, but like a V merit consideration.STOCK.XCHNG; Nomura - 1,616 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1273 2009-04-18 28 Genevieve Cua - Genevieve Cua While data shows equity funds performing relatively well recently, fund managers caution it is likely to be a bear market rally. By RISK appetite appears to have turned a corner, but will it last? Based on Lipper data, equity funds in particular Asia1,273 words
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Article662 2009-04-18 28 Jamie Lee - Jamie Lee Wilmar International Buy Citi Investment Research April 16 April 17 close: $3.39 PREFER this downstream player: After the recent rally of all plantation names across the region, we recommend that investors switch to downstream player Wilmar International for a better quality earnings profile. CPO prices are662 words
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Article, Illustration24 2009-04-18 29 Notes: *Deposits of non-bank customers with domestic banking units Deposits with domestic banksand finance companies sou rce :Compiled by BTwithdatafromDepartmentof Statistics:Compiled by BTwithdatafromDepartmentof Statistics - 24 words
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Article, Illustration1172 2009-04-18 29 Teh Hooi Ling - Teh Hooi Ling SHOW ME THE MONEY The sudden market rebound took many funds by surprise, many were caught out holding large sums of cash hooiling@sph.com.sg Senior correspondent AT AN interview with Yeo Seng Chong of Yeoman Capital a month back, he alerted me to a1,172 words
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Article, Illustration1629 2009-04-18 30 Wong Sui Jau - Wong Sui Jau WEALTH INSIGHT For investors who are able to bear a certain amount of risk, it is still not too late to get back into the market. When measured against the anticipated broader recovery, current market levels are still cheap GeneralREUTERS - 1,629 words
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Article, Illustration828 2009-04-18 31 John F Wasik - John F Wasik Bloomberg Several retirement systems across the world, including US Social Security, will boost payments the longer you postpone leaving the workforce By ALTHOUGH a troubling number of executives and brokers with bailed-out firms still seem to be on track with anBloomberg; MmOiMi/ - 828 words
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WEALTH REAL ESTATE
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Article, Illustration354 2009-04-18 32 URA engages students with a workshop and competition to raise awareness A BOHEMIAN artists' enclave in Tanjong Pagar, "secret gardens" in Chinatown and skate parks at Duxton Hill Park. These are some of the winning ideas generated by the inaugural Challenge for the Urban354 words
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Article, Illustration1130 2009-04-18 33 A look at the pitfalls and tax considerations when slicing and dicing apartment space THE Urban Redevelopment Authority has said that when processing applications to sub-divide apartments, it is guided by whether sub-division will change the character of a development and diminish the amenities of otherFILE PHOTO - 1,130 words
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Page 32 Advertisements
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Advertisement287 2009-04-18 32 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 District 15 NON-LANDED NON-LANDED The Sail Marina Bay Apt 30/03/2009 99 657 855 1301 Amber Rd Apt 30/03/2009 FH 2842 2300 809287 words
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Page 34 Miscellaneous
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Miscellaneous51 2009-04-18 34 J Sake is gaining fans overseas and in Singapore mr 1 m^^ ill PHOTO: LUKASZ KRZYZANOWSKI, STOCKXCHNG DINING PERSONAL SPACE GOLF Hakata ramen L 5-6 Larry Ho's kampong glam LlO-11 Thailand's leading ladies Ll7 ENTERTAINING SHOPPING F1 WATCH Method over machines L 8 Sports chic Ll2-14 Shanghai surprise? L2O 3K251 words
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BT Living
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WINE
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Article, Illustration1780 2009-04-18 35 Edwin Soon - Edwin Soon Sake is gaining a following in Singapore, with imports growing by 30 per cent in the last five years. We find out why it's becoming so popular, and check out the best sake bars in and out of the city By SAKE may be aAOKI - 1,780 words
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Article, Illustration613 2009-04-18 36 Geoffrey Eu - Geoffrey Eu Packaged in green-coloured screwtop bottles, soju is to the Koreans what sake is to the Japanese, a drink that is intrinsically linked to the national culture. NEXT to kimchi, perhaps the most popular item in the Korean food and beverage lexicon isJOHN HENG - 613 words
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DINING
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Article, Illustration636 2009-04-18 37 Audrey Phoon - Audrey Phoon Hakata ramen is making its presence felt in Singapore, with several specialised outlets opening here this year. BT Weekend speaks to two fresh entrants and one established restaurant Ippudo [to open in October] Mandarin Gallery 333 Orchard Road www.ippudo.com IT'S difficult to be a judge636 words
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Article, Illustration565 2009-04-18 38 Cheah Ui- Hoon - Cheah Ui-Hoon Yoshimaru Ramen Bar 31 Lorong Liput Holland Village S 6463-3132 WITH so many types and "brands" of Japanese food inundating our F&B scene these days, it's not just a simple matter of saying you want ramen anymore. You have to specify what type565 words
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415 2009-04-18 38 Cheah Ui- Hoon - and a hit in Mohamed Sultan Road too Cheah Ui-Hoon Hakata Nihon Ryori 33 Mohamed Sultan Road, #01-03 S 6836-1039 STEVEN Liaw learnt how to make Hakata noodles from his Japanese shi fu (teacher) more than 20 years ago. His master is retired now, and has returned to Japan, but415 words
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Article, Illustration1465 2009-04-18 39 Audrey Phoon - Audrey Phoon Eat with your fingers or arrange the tables as you please these new casual concept outlets encourage diners to get comfortable. By Greenwood Fish Market. Bistro. Bakery 38 Greenwood Avenue *****-4950 www.fishshop.sg IF YOU were one of those diners whose main gripe about eating at thePHOTOS BY YEN MENG JIIN - 1,465 words
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ENTERTAINING
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Article, Illustration1110 2009-04-18 40 Audrey Phoon - Audrey Phoon guest chef Getting the best out of your ingredients is all about what's in your head, not what's in your kitchen, says cooking-method expert Thomas Chai. By UTILISING Gastrovacs, circulating water baths, smoking guns and the like may be the best way to do aARTHUR LEE; SINGAPORE SYMPHONY ORCHESTRA - 1,110 words
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GADGETS
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Article, Illustration510 2009-04-18 41 Christopher Lim - Christopher Lim Two iPhone competitors and an old-school phone with new-school features jostle for your dollars. By IF your boss has chained you to a corporate Blackßerry, that might not be the first brand you'd look at when choosing a personal phone, but one thing's clear about510 words
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HOME & GARDEN
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Article, Illustration1286 2009-04-18 42 Arthur Sim - Arthur Sim personal space This luxed up courtyard house pays homage to halcyon kampong days with a clever internlav nf snacp By ON a subconscious level, Larry Ho must have always known he would return to the halcyon kampong days of Katong, even if it meant building aALBERT LIM - 1,286 words
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SHOPPING
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Article, Illustration1084 2009-04-18 43 Cheah Ui- Hoon - Cheah Ui-Hoon Sports clothes, such as equestrian wear, are no longer confined to their particular sport circuit. They have become so fashionable that they are a oooular choice for casual wear as well. By AMERICAN fashion label Ralph Lauren may have brought equestrian fashion to the high street,ARTHUR LEE - 1,084 words
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Article, Illustration584 2009-04-18 43 Melissa Lwee - Melissa Lwee Brands like J Lindeberg have been uppingthe ante in terms of fashion. By I" T MAY sound surprising, but entrepreneur Leonard Wee boasts more golfwear in his closet than regular clothing. But then again, the golf aficionado justifies his buys by using his584 words
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Article, Illustration494 2009-04-18 44 Melissa Lwee - Versatile trendy Melissa Lwee You don't have to be a yoga practitioner to be a fan of these comfortable and stylish clothes. By TO YOGA instructor Gwendolyn Wen-li, the versatility of her yoga gear is unparalleled. "I never bring any extra clothes when I do or teach yoga, whatever yogawearDOUBLE DUTY - 494 words
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Article, Illustration492 2009-04-18 44 Melissa Lwee - Melissa Lwee CAR enthusiasts who want clothes to match their fancy wheels have much to cheer about, thanks to Carbon Clad Singapore's first and only casual wear brand for car lovers. "In the past, car lovers and motoring fans were limited to either lowARTHUR LEE - 492 words
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HEALTH
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Article, Illustration692 2009-04-18 45 Cheah Ui- Hoon - Cheah Ui-Hoon The quality of a woman's eggs deteriorates with age and this is something science can do nothing about. By THERE have been great advances in fertility treatment in the past five to 10 years such as advances in hormone treatment, microsurgery, and692 words
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Article, Illustration530 2009-04-18 45 Cheah Ui- Hoon - Cheah Ui-Hoon DELAYED conception and fewer births have contributed to an increase in the number of women with fibroids. However, the higher number can also be attributed to early detection due to annual health screenings, which more women go for these days.530 words
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SPORT
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Article, Illustration693 2009-04-18 46 Christopher Lim - Christopher Lim no holds barred By limchris@sph.cotn.sg DID you ever imagine that a financial market crash could cause a Grand Prix motorcycle to crash on the track? It isn't really that far fetched, because although slashed budgets don't equate to slashed tyres, they doAFP - 693 words
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Article, Illustration453 2009-04-18 46 Bloomberg Washington JOHN Madden, a coach-turned-broadcast-er who became known for sprinkling his colour commentary with words like "Boom!" and "Doink", has retired after three decades of announcing National Football League (NFL) games. Mr Madden worked as a game analyst for NBC Sunday NightBloomberg - 453 words
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GOLF
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Article, Illustration1183 2009-04-18 47 Justine Moss - Justine Moss Long upstaged by the men, they have been chalking up positive results over the past year. By SOME good news coming out of Thailand recently involves the high calibre of professional male golfers who have made a splash on the Asian and overseas tours. VeteranPHOTOS: GETTY IMAGES, THE NEW PAPER - 1,183 words
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MOTORING
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Article, Illustration577 2009-04-18 48 Samuel Ec - Samuel Ec Mercedes-Benz Driving Experience aims to help drivers handle critical driving situations. By STRONG demand means that all 400 places at this year's Mercedes-Benz Driving Experience were taken up, even after a 50 per cent fee increase from last year. The 11-day event can cost577 words
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Article, Illustration607 2009-04-18 49 Samuel Ec - Samuel Ec This rear-engined rag-top's roof opens or closes in 20 seconds handy when you're caught in a traffic jam behind a lorry belching black smoke. By THE Porsche 911 Carrera Cabriolet is generally acknowledged to be a fast car but another speedy attribute that some owners probably607 words
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Article, Illustration586 2009-04-18 50 Samuel Ec - Samuel Ec fl watch Formula One arrives in the Chinese city amid controversy and accusations. By FRAUD and deception are usually involved when someone has been shanghaied, so it seems entirely appropriate that Formula One arrives at the Chinese Grand Prix in Shanghai this weekend amid accusations of586 words
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Page 36 Advertisements
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Advertisement742 2009-04-18 36 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant to take the region by storm. Andre regales Weekend Dim Sum A La Carte Buffet palates. All secretaries will receive a Level 35, Orchard Wing diners with a scintillating expose of Southern on afternoons of weekends and public momento to commemorate the742 words
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