The Business Times, 6 September 2010
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2010-09-06
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The Business Times
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Title Section23 2010-09-06 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, September 6,23 words
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1073 2010-09-06 1 LYNETTE KHOO - At least 15 firms seeking to do so, deals to come will feature more Chinese companies By LYNETTE KHOO [SINGAPORE] With valuations easing and privatisation becoming a less expensive affair, a steady trickle of listed companies appear to be heading for the exit. At least1,073 words
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Article738 2010-09-06 1 Major rebuild job in Christchurch; PM Lee sends condolences Bloomberg AP [AUCKLAND] New Zealand faces a NZ$2 billion (S$1.94 billion) damage bill and a massive clean-up after Christchurch, its sec-ond-biggest city, was hit by a magnitude 7.0 earthquake that closed the central business district.Bloomberg; AP - 738 words
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Article157 2010-09-06 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,002.56 +63.82 KL COMP 1,435.67 +24.62 NIKKEI 225 9,114.13 +123.07 HANG SENG 20,971.50 +374.15 SET INDEX 929.90 +29.53 JAKARTA COMP 3,164.28 +59.55157 words
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Advertisement37 2010-09-06 1 YOUNG INVESTORS’ FORUM Lessons from a theme park PAGE14 BizIT INTERVIEW Citrix CEO Mark Templeton PAGE 29 DINING OUT Spanish flavours VIEWS FROM THE TOP National Day Rally speech PAGES 12 13 PAGE 23 8 *****1 *****437 words
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TOP STORIES
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Article, Illustration755 2010-09-06 2 WINSTON CHAI - Don’t expect sharply lower prices look forward instead to getting more bang for your broadband buck COMMENTARY WINSTON CHAI Correspondent ON SEPT 1, Singapore welcomed the era of fibre optics with the minting of the country’s new information superhighway. With this milestone, the Republic now755 words
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Article647 2010-09-06 2 Delisting queue grows as valuations ease WITH valuations easing and privatisation becoming a less expensive affair, a steady trickle of listed companies appear to be heading for the exit. At least 15 companies have sought the privatisation route so far this year, out of which nine have since647 words
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Article, Illustration780 2010-09-06 2 ANDREW MARKS - Rally set to continue as fears of US double-dip recession subside WALL STREET INSIGHT By in New ANDREW MARKS BETTER than anticipated economic reports on manufacturing and employment last week injected an unexpected measure of bullishness in the stock market asAP - 780 words
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136 2010-09-06 2 Reuters [LONDON] Singapore Telecommunications is considering a bid for FTSE 100 group Cable Wireless Worldwide, The Independent on Sunday reported. The newspaper said that South-east Asia’s largest telecoms firm had contacted bankers in Asia and Europe to discuss the idea. It cited a corporate adviserReuters - 136 words
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Article, Illustration927 2010-09-06 4 ANTHONY ROWLEY - Engineering capital outflows to buy assets abroad is one radical idea mooted By ANTHONY ROWLEY RADICAL ideas on how to stem the sharp and damaging rise in the yen are being put forward in Japan as authorities come to terms with the fact thatREUTERS - 927 words
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595 2010-09-06 4 LEE U-WEN - He calls for regular FTA reviews to meet needs of businesses By LEE U-WEN wants to be part of China’s rapid development, not just to help the Asian giant succeed but also to ride on its stellar growth, said Prime Minister595 words
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501 2010-09-06 4 MD lists sound exit strategies, fiscal consolidation as challenges Reuters Bloomberg [GWANGJU, South Korea] The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF’s first managing director, John Lipsky, said yesterday. “They areReuters; Bloomberg - 501 words
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Page 2 Advertisements
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Advertisement254 2010-09-06 2 Gl<& b a 2 RONICS 2 1 13-15 September 2010 (Mon Wed) Sands Expo And Convention Centre, Hall A Marina Bay Sands, Singapore 10am 6pm daily www.globaltronics.com.sg NEU FEATURE Printed Electronics Companies will be presenting products services at the Printed Electronics Showcase alongside the conference Jointly Organised By Reed Exhibitions254 words
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Advertisement141 2010-09-06 3 s OVER r/NSZif i OVER us$ AA t ni" Markets V ***** Employees %v r *r i >? > > Agents Vt ln-force v Policies i nm v Net Profit > >■ f? »i I 7 4 2/ fj Ji I 4 r ill I M ■ooon K*****0M **********0001 9OQQQ000DQQ141 words
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COMPANY NEWS
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365 2010-09-06 5 LYNETTE KHOO - 636b rupiah plan for Barclays House will tap rising demand for offices in the CBD By LYNETTE KHOO AMID rising office demand in Indonesia, Keppel Land is ploughing an estimated 636 billion rupiah (S$95 million) into a partial redevelopment of Barclays House complex365 words
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471 2010-09-06 5 JAMIE LEE - By JAMIE LEE AGAINST the backdrop of continuing uncertainty in the market, two brokerages are seeing more play on defensive stocks. This comes as the Straits Times Index (STI) could fall as low as 2,530 points a drop of about 14 per471 words
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Article829 2010-09-06 5 LYNN KAN - HOCK LOCK SIEW By LYNN KAN WHAT are the prospects for port specialist Portek International, given that its current revenue driver are its terminals, in a business directly linked to uncertain global trade flows? Its shareholders are unsure. Portek’s shares have not made much progress since829 words
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791 2010-09-06 9 MAK YUEN TEEN - Appointing an alternate to help an independent director cope is unacceptable as it reflects poorly on corporate governance UNTICKING THE BOX By MAK YUEN TEEN Associate professor Mak Yuen Teen set up the Corporate Governance and Financial Reporting Centre of the NUS791 words
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Article403 2010-09-06 9 Sep 3 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of403 words
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Article, Illustration245 2010-09-06 9 A: Annual, E: Extraordinary G: General, S: Special, W: Warrantholders A full list of company meetings is at http://www.businesstimes.com.sg COMPANY MEETING PLACE DATE TIME Oriental Food E 80 Raffles Place, UOB Plaza 1, #25-01 Singapore *****4 06-Sep 2.00pm PSL Hldsg E 58 Sungei Kadut Drive Singapore *****2 06-SepA: Annual, E: Extraordinary , G: General, S: Special, W: Warrantholders A full list of company meetings is at http://www.businesstimes.com.sg - 245 words
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Advertisement483 2010-09-06 5 Enjoy 0.5% p.a. bonus interest on your savings for 6 months*. •Top-up minimum S$25,000 in fresh funds from now till 30 September 2010 to qualify. Your funds are held in a Multi Currency Savings Account allowing greater flexibility and access. As an HSBC Premier customer, you can be confident that483 words
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SINGAPORE MARKETS
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Article, Illustration687 2010-09-06 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent SPEAK to most dealers and they’ll tell you that business is bad, with them having to supplement the meagre commissions that they make from their few remaining die-hard punting clients by trading on their own accounts (mainly in Genting687 words
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526 2010-09-06 6 CURRENCY WATCH Bloomberg [NEW YORK] The US dollar and yen fell against most of their major counterparts after data showing growth in economies from China to the US boosted demand for higheryielding assets. The Norwegian krone and Australian dollar, currencies linked to globalBloomberg - 526 words
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420 2010-09-06 6 COMMODITIES Bloomberg [CHICAGO] Wheat rose to the highest level in three weeks on signs of increased demand for US supplies as world inventories are forecast to fall for the first time in three years. Wheat has soared 74 per cent fromBloomberg - 420 words
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Article87 2010-09-06 6 Where S$ stands Sep 3 CHNG YR 2010 CLOSE FR Sep 2 S$ LOW S$ HIGH US$ 1.3467 -0.02 1.4219 1.3464 Euro 1.7275 -0.08 2.0153 1.6886 Pounds 2.0734 -0.13 2.2831 2.0003 A$ 1.2254 -0.17 1.2960 1.1515 Yen* 1.5961 0.34 1.6080 1.4467 Rupiah* 0.***** -0.09 0.***** 0.***** Baht* 4.3212 0.0187 words
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Article1571 2010-09-06 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.64 2.45 11 10.89 9.74 1.29 1.06 ARA Asset Mgt Ltd 1.75 1.75 4 7.33 15.43 1.28 1.13 Armstrong Ind Corp Ltd 1.00 1.001,571 words
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Article66 2010-09-06 6 Sep 3 VALUE CLOSE BT OB/OS -22.00 +192.0 BT CADI -*****.00 +85.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 730.51 +4.79 FTSE ST Small Cap 539.06 +2.86 FTSE ST All Share 739.48 +4.06 FTSE ST China Top 266.50 +1.27 FTSE ST China 298.56 -0.03 FTSE66 words
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Article59 2010-09-06 6 VOLUME Genting SP 781,409,000 *Genting HK US$ 496,194,000 Informatics 241,316,000 Golden Agri 221,454,000 Transcu Grp 203,239,000 Yangzijiang 192,517,000 Vallianz Hldgs 173,251,000 UniFiber 164,146,000 China Hongxing 150,633,000 Adventus 140,810,000 VALUE($) Genting SP 1,356,964,890 Wilmar 562,977,854 DBS Grp 383,582,816 SingTel 313,301,217 UOB 312,374,118 Yangzijiang 306,706,350 CapitaLand 302,333,910 *Genting HK59 words
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Article111 2010-09-06 6 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 3891 455.0 9.5 DBXT iBoxxKR 5US$ ***** 374.2 2.5 DBXT SPASX200 10US$ 2922 251.7 6.8 Jardine C&C 3534 250.0 7.6 DBXT Nifty 10US$ ***** 210.0 1.3 DBXT USDIGInfl 5US$ ***** 201.9 0.6 DBXT MSKorea 10US$ 4820 192.5 3.1 GLD 10US$ ***** 177.7111 words
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Article124 2010-09-06 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5304-286.7 -3.9 DBXT AUDMM 5SG$ *****-188.0 -0.8 UOB 5.05%NCPS 100 *****-150.0 -1.4 CityDev 1122 -74.0 -6.2 DBXT iBoxxUSTr 5US$ ***** -71.3 -0.3 CityDev.ES.1009 1114 -66.0 -5.6 DBXT MSAsExJp 10US$ 2809 -53.8 -1.4 Asia Pac Brew 1602 -18.0 -1.1 DBXT MSWorld 10US$124 words
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Article, Illustration1475 2010-09-06 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent INVESTORS seem to be returning to the market. Last week, the Straits Times Index closed above 3,000 points, advancing 2.2 per cent. But trading volume remains relatively low. Four of our six portfolios gained. The lowest price-to-book1,475 words
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Article, Illustration1232 2010-09-06 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was flat while the selling among directors surged last week based on filings on the exchange from Aug 30 to Sept 3. A total of 19 companies recorded1,232 words
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Advertisement89 2010-09-06 6 8 Phillip Futures <' u Brirraing Global Markets Closer to You m www, phillipfutures.com.sg 6538 0500 Brought to you by Phillip Futures Pte Ltd (A member of PtiillipCapitaJ) The above information does riot constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment produces). Trading in the above89 words
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Advertisement134 2010-09-06 7 1 I I 4 > 1 1 C 9 V? 0 H v V y« *> fK IT f OllR I ukm! k» 1 LI I 7/ 1 ,1 IT. V Pass 2X ■r -V pBj| •V jjWMffW! w ni k\ II T J Ai V 1 A J j134 words
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Advertisement126 2010-09-06 9 LUXURY TOURS TRAI/EL PTE LTD Subsidiary: LUXURY COACH SERVICE 100 Orchard Rd, #02-46 Concorde Hotel Shopping Mall Singapore *****0 The Leading Operator Email: enquiries@luxury.com.sg 40 coaches available for charter Singapore Malaysia Friendly Professional Service Assured A FLEET OF EXCLUSIVE CLASS MOTORCOACHES FOR CHARTER Corporate Incentive Conference Package Tours Malaysia Overland126 words
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Advertisement97 2010-09-06 9 FX/CFD trading The world's No. 1 CFD provider FX/CFD trading provides a simple way to profit from rising and falling prices. Access global markets 24/7; FX plus thousands of shares, ETFs, commodities and indices on one account. Automatic rebates on Singapore shares and FX for high-volume traders. Find all you97 words
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SINGAPORE NEWS
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472 2010-09-06 10 RONNIE LIM - Other than power units, refineries and pharma firms may buy gas: BG Group By RONNIE LIM LNG supplies to Singapore starting in early-2013 won’t just help fuel power stations, but will also be used by some petrochemical/refinery, electronics and pharmaceutical plants here. Singapore’s472 words
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267 2010-09-06 10 LYNETTE KHOO - By LYNETTE KHOO THE PAP Community Foundation (PCF) has introduced a scheme to provide financial support for post-secondary school students from low-income families. The new scheme will complement the Straits Times School Pocket Money Fund (SPMF), which helps primary and secondary school students from267 words
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Article, Illustration368 2010-09-06 10 ARTHUR LEE - By ARTHUR LEE SOME 40 per cent of patients admitted to Dover Park Hospice (DPH) do not pay anything while most pay less than $40 a day. To help raise funds for its work, Deputy Prime Minister and Minister for Defence Teo Chee HeanARTHUR LEE - 368 words
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Article, Illustration451 2010-09-06 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI HEALTH and beauty retailer AS Watson (ASW) the retail arm of Hutchison Whampoa is looking to tap into Asia’s growth potential by expanding its presence in markets such as China and Singapore. “Asia as a region has the most potential,” said Watsons451 words
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Article1346 2010-09-06 10 Payment Ex Books Pay Ann (cts) date close date date ABR Hldgs aw 1.000 08-Sep 13-Sep 29-Sep 23-Aug Adampak Ltd aw 1.000 03-Sep 07-Sep 24-Sep 13-Aug Advanced Hldgs aw 0.160 09-Sep 14-Sep 23-Sep 27-Aug AIMS AMP Cap Ind Reit ag 0.538 06-Aug 11-Aug 16-Sep 30-Jul ARA Asset Mgt1,346 words
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Advertisement191 2010-09-06 10 Start bidding with The New Paper 02 Aug 26 Sep 2010 1 m &<r Call not US now m 6388 3838 find how out get you can m m TNP$ 20 000 a headstart to tl exciting auction! this as The New Paper Auction is back! For 8 weeks, TNP$191 words
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Advertisement21 2010-09-06 10 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement230 2010-09-06 11 DO the Earth. Save o o Capital Square achieved Green Mark Certified. Treetops achieved Green Mark Gold. Ngee Ann City achieved $2 million savings annually. These buildings 1 savings range from 15 to 28%. For more exemplary case studies of energy saving buildings, visit These buildings of 10 to 15230 words
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VIEWS FROM THE TOP
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Article, Illustration4384 2010-09-06 12 THIS WEEK’S TOPIC What were the key messages you took from the Prime Minister's National Day Rally speech? What policies and activities would you like to see implemented to address the issues he raised? T Chandroo Chairman CEO Modern Montessori International Group HAVING had the privilegedBENJAMIN SEETOR/THE NEW PAPER - 4,384 words
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Advertisement116 2010-09-06 13 <■$ r .-v. wk. i n i A!' a 1# ,h MM mrnam 1 'IMfMKm "m Wl IV v m \m m&i. •>.. V g|p% %3 HE MAKES FORMULA ONE HAPPEN WITH ENERGY, DRIVE AND VISION. SO DO WE. Bernie Ecdestone runs the world's most prestigious sport. One season, five116 words
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Advertisement12 2010-09-06 13 A full list of views from CEOs is also available at http://businesstimes.com.sg12 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration978 2010-09-06 14 BRUCE JONES - Employees and managers must take care of the secondary guest who can make or break your business, writes BRUCE JONES BRUCE JONES The writer is the programming director for Disney Institute, which will be conducting a workshop on business excellence in conjunction with SIM Professional978 words
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Article, Illustration951 2010-09-06 14 YEN PEI WEN - UrbanSeas sees much potential here for bespoke furniture aquariums, reports YEN PEI WEN CAMPUS LIFE YEN PEI WEN WHEN Eunice Ng was little, she dreamed of being an interior designer or an architect doing stuff that integrates beauty with purpose. Today, that dream has turned into951 words
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Advertisement271 2010-09-06 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have271 words
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ECONOMY WATCH
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Article, Illustration702 2010-09-06 15 US$100b proposal part of pre-election push to revive slumping economy NYT [WASHINGTON] As part of his pre-election push to spur the slumping economy and his party, President Barack Obama will ask Congress this week to increase and permanently extend a popular butNYT; AFP - 702 words
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368 2010-09-06 15 Reuters [CERNOBBIO, Italy] Europe needs to agree common positions on international issues at the International Monetary Fund (IMF), European Central Bank (ECB) president Jean-Claude Trichet said on Saturday. “I call on Europe to have a unified position,” he said, adding that was hisReuters - 368 words
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735 2010-09-06 15 AP [CERNOBBIO, Italy] Is the global economy out of the woods? Two years after near-meltdown, with the US looking sluggish, equity markets groggy and Europeans fighting a debt crisis, analysts gathered in Italy offered a generally gloomy outlook especially for the United States andAP - 735 words
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Advertisement328 2010-09-06 15 The Asia Human Capital Leadership Series Grand Copthorne Waterfront Hotel 27 28 September 2010 The Human Capital Leadership Institute (HCLI) is proud to present two highly engaging seminars by Professor Dave Ulrich: 1.5 day Forum: Leadership for the Future 27 September 2010, Monday: 9am to 5.30pm 28 September 2010, Tuesday:328 words
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Advertisement84 2010-09-06 15 Better journeys. e w v SENTOSA EXPRESS MONORAIL, PROUDLY EQUIPPED BY HITACHI POWER Et INDUSTRIAL PROCESSES DIVISION mm J A XSENTOSA EXPRESS MONORAIL DUBAI MONORAIL TOMORROW OKINAWA MONORAIL TfGETHER Hitachi Monorail System is the modern transport solution in many cities, swiftly manoeuvring on narrow guideways that minimise environmental impact. Coupled84 words
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GREATER CHINA/INDIA
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Article, Illustration546 2010-09-06 16 Beijing should scrap preferential tax and land policies for automotive firms Reuters AFP [BEIJING] China should end preferential policies for automotive companies to curb overcapacity in an industry where sales jumped 55 per cent in August, a government official said. Chen Bin, a topReuters; AFP - 546 words
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294 2010-09-06 16 AFP [NEW DELHI] The Indian government is looking at proposals to legalise the country’s multi-million-dol-lar underground gambling market to tackle corruption in cricket, a newspaper reported yesterday. India is regarded as the hotbed of global betting syndicates, with gamblers and bookmakers involved in a massiveAFP - 294 words
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201 2010-09-06 16 AFP [NEW DELHI] The world’s seventh-largest steelmaker, Tata Steel, is in talks with banks for a £3.5 billion (S$7.3 billion) loan for its British unit Corus, The Economic Times reported on Saturday. It said BNP Paribas, HSBC Holdings and Royal Bank ofAFP - 201 words
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700 2010-09-06 16 China aims to build 5.8m social housing units this year AFP [SHANGHAI] After months of anxious waiting, Wang Jinxia finally obtained a coveted spot in Shanghai’s trial affordable-housing programme, but now the former factory worker is scrambling to pay for it.AFP - 700 words
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Article2003 2010-09-06 16 VOL Sep 3 RM +/-(‘000) A M Realty 0.47 -0.01 441 Abric Bhd 0.23 unch 98 Advance Synerg 0.14 unch 86 Adventa Bhd 2.37 -0.01 320 Ae Multi Hldgs 0.34 -0.02 1224 Affin Holdings 3.07 -0.02 423 Ahmad Zaki Res 0.84 0.02 120 Aic Corp 0.90 0.01 11072,003 words
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Advertisement19 2010-09-06 16 ft $-®tk Lianhe Zaobao JBV K! soaring egetable prices? 1*1 JI7««»:S!lk£tfSS? To subscribe, call 6388-3838 or go to sphsubscription.com.sg19 words
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MALAYSIA/INDONESIA
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Article, Illustration672 2010-09-06 17 S JAYASANKARAN - It’s not Nor Mohamad Yakcop that tycoon Halim Saad should blame for Renong’s demise MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent IN AN extraordinary interview, tycoon Halim Saad poured his heart out to the New Straits Times on Friday to deny that he was bailed out672 words
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Article, Illustration293 2010-09-06 17 Reuters [GWANGJU, South Korea] The increase in Indonesian bank reserve ratios last week should be enough to bring inflation down in the coming months, but policy is likely to be tightened further next year, a deputy governor of Indonesia’s central bank saidReuters; REUTERS - 293 words
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409 2010-09-06 17 Civil servants in Kelantan paid up to 25% of salary in it AFP [KUALA LUMPUR] Malaysians are embracing gold dinars that were introduced last month by Kelantan state to promote the use of Islamic currency as an alternative to paper money, anAFP - 409 words
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Article, Illustration963 2010-09-06 17 A feature series on Quality Standards, brought to you by SPRING Singapore To compete effectively in the global market, businesses need to ensure that their products and services are of world-class quality or risk falling behind the competition. This is why many companies963 words
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ASIA-PACIFIC/WORLD
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Article343 2010-09-06 18 Reuters [SYDNEY] Goldcorp has agreed to buy Argentina-fo-cused gold miner Andean Resources for C$3.6 billion (S$4.7 billion), trumping a competing offer from fellow Canadian miner Eldorado Gold Corp. The takeover is the latest in a series of gold-min-ing deals this year, including Australia’s Newcrest Mining’s US$8.4Reuters - 343 words
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571 2010-09-06 18 That will reduce risk of exposure, help industry realise full potential: analysts AFP [KUWAIT CITY] Islamic finance is set to double in size in five years, but the US$1 trillion industry must diversify and regulate to realise its full potential, analysts and economicAFP - 571 words
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Article, Illustration448 2010-09-06 18 AFP [HONG KONG] The auction house that is putting Michael Jackson’s memorabilia under the hammer in Macau has dismissed accusations that the sale goes against the singer’s wishes, a report said yesterday. More than 100 items once used by Jackson including aAFP - 448 words
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Article, Illustration417 2010-09-06 18 Reuters [DUBLIN] The European Commission wants to wind down nationalised Anglo Irish Bank while management still believes it would be better to keep a rump open, the bank’s chief executive said in an interview in the Sunday Business Post. “The European Commission isReuters; AP - 417 words
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Advertisement1585 2010-09-06 18 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ETIKA INTERNATIONAL HOLDINGS LIMITED Company Registration No. *****3131Z (Incorporated in the Republic of Singapore) EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Etika International Holdings Limited (the “Company”) will be held at Hibiscus Room, Level 3, Grand1,585 words
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Advertisement202 2010-09-06 19 w I a^-con< itffootve 0 4 \\ed-u9 \N» beA* o4« cts MO ftW* lo e ttoss tVve" 6 \ass n,ree-<° oW J terf ei caS sses> •■w-iss siS!5-«^ t*««£ IU M» w ,cMco^ u r; ue^v-^ i pet" si"'" aefl^lsB"T A^tee^V a^ Vb s^tgSfea* txl n^ n6 M BK S^^S®202 words
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WORLD
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Article, Illustration812 2010-09-06 20 Higher imports raise hopes German demand will pull up the rest of Europe Reuters [BERLIN] The grounds for criticising Germany for growing at the expense of others are fading, though it is still unclear whether its recovery will drag the rest of the eurozoneReuters; AP - 812 words
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407 2010-09-06 20 23 men face charges of plotting to overthrow monarchy Reuters [DUBAI] Bahrain on Saturday accused more than 20 Shiite opposition leaders who were arrested in a broad crackdown of plotting to overthrow the Gulf state’s monarchy by promoting violent protests and acts of sabotage. StateReuters - 407 words
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Article, Illustration564 2010-09-06 20 AP [CERNOBBIO, Italy] Wikipedia founder Jimmy Wales believes relief may be in sight for the beleaguered news media industry. The increasing use of the mobile Internet and for-pay “apps” that run on smart phones and other gadgets might give news providers what they’veAP; BLOOMBERG - 564 words
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491 2010-09-06 20 AP [KABUL] Nervous Afghans pulled more deposits out of the nation’s largest bank on Saturday, despite assurances from government leaders that their money was safe. Crowds gathered at Kabul Bank branches around the capital to withdraw US dollar and Afghan currency savings, withAP - 491 words
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702 2010-09-06 21 Credit downgrade, row over oil firm stake, delay in oil bill all add to woes Reuters [DAKAR] Is Ghana being hit by the resource curse even before the oil starts flowing? Three months before pumping starts at its Jubilee offshore field,Reuters - 702 words
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Article, Illustration638 2010-09-06 21 Q2 GDP up 1.2%; more pressure to raise rates in 2011 Bloomberg [BRASILIA] Brazil’s economic growth slowed less than expected in the second quarter, on a record jump in investment, adding to pressure on the central bank to resume raising interestBloomberg; BLOOMBERG - 638 words
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Article, Illustration525 2010-09-06 21 Reuters [DETROIT] The US government is likely to take a loss on General Motors Co in the first offering of the carmaker’s stock, six people familiar with preparations for the landmark IPO said. Subsequent offerings of the government’s holdings mayReuters; AFP - 525 words
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330 2010-09-06 21 AP [WASHINGTON] Drug and medical device firm Abbott Laboratories has abandoned plans to sell its vaccines unit, less than three months after exploring sales talks with rival companies. Abbott acquired the unit as part of its US$6.2 billion purchase of Bel-gium-based Solvay PharmaceuticalsAP - 330 words
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327 2010-09-06 21 AFP AP [WASHINGTON] The Macondo well, which spilled an estimated 4.9 million barrels of oil into the Gulf of Mexico, has been secured and no longer constitutes “a threat”, a senior US official said yesterday. “I’m very pleased toAFP; AP - 327 words
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Advertisement405 2010-09-06 20 w MATS NOTICES NI N IN THEMATTEROFCOMPANIES ACTCAP50 AND GSAHUBINC.PTE. TD. (REG.*****7305N) (InMembers’ oluntar Liquidation) NOTICE herebygiventhatthecreditors fo f of the above Company which being voluntarily woundup,arerequired beforethe8thOctober2010 send their name and addresses and particulars fo f of their debts claims and the name andaddresses their solicitors any) ot o405 words
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Advertisement25 2010-09-06 20 7 LTFIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruitd>sph.com.sg j to advertise. n i25 words
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Page 21 Advertisements
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Advertisement208 2010-09-06 21 c SAFKAR the leading mobile climate control solutions provider is seeking for an exclusive agency to represent and promote SAFKAR solutions in Singapore and South East market. SAFKAR is serving world class companies in buses and coaches O.E.Ms for a/c units, railway authorities and wagon builders for a/c and capacity208 words
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AVIATION/SHIPPING
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Article, Illustration709 2010-09-06 22 Flying fewer, fuller planes despite increase in demand pays off for airlines NYT [NEW YORK] American air fares have risen steadily in recent months and are now close to pre-recession levels and that’s not even counting all the fees that airlines have introducedNYT; ALPHONSUS CHERN/THE STRAITS TIMES - 709 words
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Article3024 2010-09-06 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 --EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 Amsterdam SQ323 0605 LO4032 2345 US5410 0605 SQ324 2345 AZ3992 1525 US5411 2345 KL835 1525 Athens SQ348 0105 Atlanta DL2813,024 words
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577 2010-09-06 22 Reuters [OSLO] The MV Nordic Barents is lugging 40,000 tonnes of iron ore from Norway to China on an Arctic Ocean shortcut through melting ice and is making a little history in the process. Steaming east along Russia’s desolate northern coast, the shipReuters - 577 words
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358 2010-09-06 22 Bloomberg AFP [NEW YORK] India plans to invest 400 billion rupees (S$11.56 billion) in the aviation industry during the next five years, Aviation Minister Praful Patel said. “We are in the process of either upgrading or setting up newBloomberg; AFP - 358 words
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Article278 2010-09-06 22 SGX '000 Sep 3 S$ +/-Vol CH Offshore 0.52 unch 564 Chuan Hup Hldg 0.26 0.01 267 Cosco Corp 1.62 0.01 8730 CWT Ltd 0.91 unch 258 Ezra Hldgs 1.74 unch 2971 First Ship Lea 0.42 0.01 420 Freight Links 0.06 -0.01 372 Grand Banks unch unch 0278 words
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Page 22 Miscellaneous
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Miscellaneous289 2010-09-06 22 CRYPTIC CROSSWORD Across 7 ‘Sir’ canes new form for indecency (8) 9 Begin meal around start of afternoon (6) 10 Attend club (4) 11 Gather criminal, for example, is in scrape (10) 12 Keep back alien in deluge (6) 14 Ministry held to account to find truth (8) 15 Note289 words
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DINING OUT
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Article, Illustration588 2010-09-06 23 Jaime Ee - NEW RESTAURANT Don Quijote Spanish Restaurant Blk 7 Dempsey Road Unit #01-02 Tel: 6476-2811 By Jaime Ee THERE are, I’ve discovered, two ways to eat Spanish food in Singapore. One is to count the 101 ways that wannabe Spanish restaurants get the food all wrong, from588 words
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Article, Illustration513 2010-09-06 23 Jaime Ee - NEW RESTAURANT Octapas Clarke Quay Block 3D, #01-08 Tel: 6837-2938 By Jaime Ee AS several tastings in Clarke Quay restaurants have revealed, food quality will always come second to the free-flowing booze that seems to draw crowds to this tourist and ex-pat-friendly513 words
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Page 23 Advertisements
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Advertisement219 2010-09-06 23 03 9 V http://eat.omy.sg WINE DINE AND HOSPITALITY %rLATE LUNCH@CHATTERBOX From 3pm to 6pm, savour our signature Mandarin Chicken Rice and other perennial favourites like Seafood Laksa, Fried Hokkien Mee, Bak KutTeh and more at an unbeatable price of $15! Complete these local delights with a choice of our homemade219 words
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Advertisement6 2010-09-06 23 f 1RS1 viUU the t*us www.radio913.com6 words
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SINGAPORE STOCKS
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Article9322 2010-09-06 24 Week ended: Sep 3 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20.5 13 3148 8Telecom 18.5 unch 1239 18.5 18 18.5 19 1.7 9.8 5.9 88.6 12 6 5834 A-Sonic9,322 words
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Article2033 2010-09-06 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 4.5 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 194 175 190 115.1 4 0.52,033 words
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Article115 2010-09-06 25 Stock name Close Change CapMallsAsia 2.210 +0.040 CapitaLand 3.940 +0.030 CapitaMall 2.000 +0.030 CityDev 11.220 +0.040 ComfortDelGro 1.540 +0.010 DBS Grp 14.120 F&N 5.650 +0.080 Genting SP 1.780 +0.020 Golden Agri 0.575 -0.005 HK Land 5.500 -0.040 Stock name Close Change JMH 43.440 +0.620 JSH 25.000115 words
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Article2657 2010-09-06 25 Source: Thomson Reuters Transaction date: Sep 3 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.70 unch 0 Aeon Stores 14.14 0.02 10 Angang Steel 11.76 0.08 ***** AnhuiSource: Thomson Reuters - 2,657 words
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Article186 2010-09-06 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 7 0 0 0 7 5 7 Manufacturing 93 57 81 7 14 19 100 71 100 Commerce 32 22 25 5 10 6 37 32 31 Tpt/Stor/Comms 30 7 7186 words
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Article899 2010-09-06 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 116 +1 14 118 114 113.7 117.5 529.5 939 727 CIMBAsean40 100US$ US939 +23 426 939 914899 words
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Article78 2010-09-06 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A46cd +1 11 46 44 44 51 3.6 7.6 3.7 119.8 42 16 6017 Genting HK US$ US42 +11.5 *****478 words
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Article123 2010-09-06 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 80,831 80,831 303,089 303,089 Manufacturing 1,738,519 184,859 1,923,378 1,533,531 28,636 1,562,167 Commerce 515,825 345,888 861,713 533,463 51,506 584,969 Tpt/Stor/Comms 575,295 10,093 585,388 997,019 1,409 998,428 Finance 99,398 387 99,785 1,007,701 50 1,007,751 Construction 264,058 155,178123 words
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Page 25 Advertisements
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Advertisement26 2010-09-06 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2010-09-06 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 3 Index Change Change Change Change Change Change World Index Preliminary 810.2 0.7 -2.7 0.7 -7.5 0.8 -3.4 EAFE Preliminary 750.8 0.7 -4.3 0.8 -10.0 0.9 -6.1 Europe Preliminary 1104.3 1.0374 words
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Article184 2010-09-06 26 Sep 3 $S Offer Bid Overnight 0.04 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.33 0.23 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.90 0.70 12184 words
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Article22 2010-09-06 26 Sep 3 S$ Bid Offer 1-month 1.3460 1.3470 2-months 1.3460 1.3470 3-months 1.3460 1.3470 6-months 1.3461 1.3471 Source: OCBC22 words
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Article153 2010-09-06 26 Sep 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 348.5 348.0 348.5 25 305 Nov 10 347.0 320 Dec 10 346.0 532 Jan 11 347.0 483 Feb 11 347.0 616 Mar 11 347.0 269 Apr 11153 words
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Article88 2010-09-06 26 Sep 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 02.12.2010 0.28 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.24 104.27 104.27 5-Year N*****0N 1.375 01.10.2014 102.70 102.74 102.7488 words
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Article105 2010-09-06 26 Sep 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1029.75 1007.50 1031.25 1008.00 Nov 10 1035.00 1009.00 1041.25 1009.00 Jan 11 1043.75 1018.50 1049.75 1018.50 Mar 11 1049.00 1025.00 1054.25 1025.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 40.32 39.66 40.40105 words
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Article77 2010-09-06 26 CRUDE OIL PRODUCTS Sep 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.32 -0.57 WTI (Near Mth) 74.97 1.07 Dubai (1-Mth F) 74.54 0.57 Tapis blend 81.10 0.65 Minas 76.00 0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.77 1.49 Jet Kerosene 86.50 1.65 US$/barrel Opec Oil77 words
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2339 2010-09-06 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 ***** 1 3 -8 2.17 3 6221 Asia-Pacific Strategic W*****6 38.5 1 150 -3 5.04 44 6227 ASJ Hldgs W*****1 3.5 1 4 152,339 words
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Article132 2010-09-06 26 Sep 3 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2150 1.2520 Can dollar 1.2710 1.2870 Euro 1.7160 1.7360 NZ dollar 0.9540 0.9760 Sterling pound 2.0620 2.0860 US dollar 1.3400 1.3560 Local dollars to 100 units of foreign132 words
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Article27 2010-09-06 26 Sep 3 Open High Sett STI Sep 2999 SIMSCI Sep 352.7 355.2 354.5 Taiwan Sep 272.7 275.5 275.1 Source: MF Global (S) Pte. Ltd27 words
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5811 2010-09-06 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.5,811 words
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Article66 2010-09-06 26 Sep 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2695 2695 2700 2692 654 2369 Oct 10 2603 2624 2631 2602 1035 ***** Nov 10 2550 2570 2574 2546 6589 ***** Dec 10 2540 256466 words
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Article421 2010-09-06 26 Sep 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6975 0 1037 Dec10 99.5850 0 5384 Mar11 99.5200 0 3063 Jun11 99.4150 0 2319 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6500 99.6500 99.6500 155 4009 Dec10 99.6825 99.6875 99.6775 99.6850 136 2056 Mar11 99.7050 99.7050 99.7050421 words
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Article464 2010-09-06 26 Sep 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.959 6.189 0.709 7.073 42.449 81.927 0.721 10.701 2.840 1.270 77.951 40.666 1.225 6.575 0.923 29.052 28.355 0.589 0.910 Canada 1.042 6.452464 words
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Article85 2010-09-06 26 Sep 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-09-06 26 Sep 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2243 1.2259 0.9096 0.9101 Canadian dollar 1.2763 1.2779 0.9482 0.9487 Euro 1.7265 1.7281 1.2827 1.2829 NZ dollar 0.9639 0.9653 0.7161 0.7166 Sterling pound 2.0776 2.0792 1.5435 1.5436154 words
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Article138 2010-09-06 26 Sep 3 GOLD (US$/oz) Sep 02 Sep 03 Hong Kong 1247.80 1251.50 Sep 03 Sep 02 London 1246.50 1251.30 1247.50 1251.70 Source: Thomson Reuters CAST BAR Sep 03 (S$) Selling Buying Kilobar 58,103.14 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 54 5gm 369.15 271 10gm 660.19138 words
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Article71 2010-09-06 26 Sep 3 Sep 3 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2121.00 2119.50 3 months 2147.00 2145.00 Copper, Grade A (US$/tonne) Cash 7633.25 7623.25 3 months 7646.00 7635.00 Lead (US$/tonne) Cash 2141.00 2129.50 3 months 2168.00 2155.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-09-06 26 Sep 3 COCOA (£/tonne) Close Prev High/Low Sep 10 1953 1943 1970/1938 Dec 10 1952 1945 1968/1925 Mar 11 1966 1959 1983/1940 May 11 1980 1976 1995/1956 COFFEE (US$/tonne) Close Prev High/Low Sep 10 1604 1611 1607/1600 Nov 10 1639 1641 1647/1615 Jan 11 1655 1655 1660/1632 Mar 1182 words
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Page 27 Advertisements
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Advertisement6 2010-09-06 27 Shipping lines seeking reliable logistics partners6 words
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Page 28 Advertisements
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Advertisement23 2010-09-06 28 Legal services required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****32723 words
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Advertisement34 2010-09-06 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Timoc?34 words
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BizIT
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Article, Illustration1318 2010-09-06 29 AMIT ROY CHOUDHURY - The CEO of Citrix feels ‘workshifting’ increases productivity by shifting the focus on to the work and not the location, reports AMIT ROY CHOUDHURY <the bizIT interview> AMIT ROY CHOUDHURY IF YOU dread having to brave the rush-hour jams every morning,1,318 words
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Article, Illustration1004 2010-09-06 29 CHRISTOPHER LIM - Its latest product launch draws a speedy response that will quickly test its strategy <viewIT> CHRISTOPHER LIM Correspondent FOR the first time, a major Apple launch hasn’t caught competitors offguard which means that we will finally get to see how well Apple’s products1,004 words
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Article, Illustration574 2010-09-06 29 VICTORIA HO - The 4-day IT fair attracted 815,000 visitors and takings of $68.5m By VICTORIA HO WITH the electronics market enjoying a revival, exhibitors at Comex this year say the buzz from consumers was back on the show floor. The IT fair, held at SuntecARTHUR LEE - 574 words
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Article, Illustration837 2010-09-06 30 AMIT ROY CHOUDHURY - German giant registered over 50% Q2 growth in region and sees more deals in the second half, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY GERMANsoftwaremajor SAP experienced strong growth in the second quarter of this year in South-east Asia (SEA) especially in Singapore, which837 words
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397 2010-09-06 30 SAP’s decision to acquire Sybase is in keeping with the recent trend of large software companies trying to consolidate in order to meet changing customer needs. The German software major’s principal rival, Oracle, had earlier snapped up Sun Microsystems to gain entry into the397 words
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Article, Illustration1085 2010-09-06 30 So says Charles Koh r CEO of Trusted Source, which supports all tech services for Temasek Holdings If you're the CIO of a group of companies that comprise a large enterprise regardless of which industry vertical you come from your IT team1,085 words
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Advertisement10 2010-09-06 30 viewIT Apple going toe to toe with rivals Page 2910 words
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