The Business Times, 18 September 2010
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2010-09-18
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The Business Times
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Title Section17 2010-09-18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 18-19, 2010 S$1.00 MICA(P) 139/08/2010 Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION17 words
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Article, Illustration778 2010-09-18 1 Nisha Ramchandani - Enlarged budget for research and innovation to help sharpen competitive edge By Nisha Ramchandani nishar@sph.com.sg Singapore THE economy is getting a $16.1 billion injection from the government to support research, innovation and enterprise over the next five years, underlining the importance of researchAZIZ HUSSIN/THE STRAITS TIMES - 778 words
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Page 1 Advertisements
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Advertisement180 2010-09-18 1 the the AZIM nice surprise August domestic exports up 31.2% ECONOMISTS are sticking to their outlook for slower NODX ahead despite being caught wrong-footed they had expected a slowdown after a month-on-month seasonally adjusted 3.9% dip in July. 2 inside look SID on issue of alternate directors IT calls for180 words
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Advertisement25 2010-09-18 1 WEALTH The next BRIC thing? 30-31 BT CORPORATE GOLF Big Fish makes a splash L16-17 the raffles conversation AZIM PREMJI, CHAIRMAN OF WIPRO 8 -925 words
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TOP STORIES
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Article, Illustration583 2010-09-18 2 Chuang Peck Ming - Despite the surprise rise, economists are sticking to their outlook of slower non-oil domestic exports ahead By Chuang Peck Ming peckming@sph.com.sg Singapore AFTER a month-on-month seasonally adjusted 3.9 per cent dip in July, with economists pointing to a slowdown ahead, Singapore’s key non-oil domesticSource: IE Singapore - 583 words
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Article137 2010-09-18 2 STI 3,076.37 (+9.26) STI FUTURES 3,076 (+9) SIMSCI 362.46 (+0.78) SIMSCI FUTURES 362.00 (-1.10) STOCKS Friday Change KL COMP 1,466.97 -5.98 NIKKEI 225 9,626.09 +116.59 HANG SENG 21,970.86 +279.41 SET 923.57 -1.24 JAKARTA 3,384.65 +43.02 MANILA 3,979.35 -26.11 KOSPI 1,827.35 +15.50 SHENZHEN B 718.45 +5.25 MUMBAI IND 19,594.75 +177.26137 words
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593 2010-09-18 4 Lynette Khoo - Alternate directors the dos and don’ts Institute of Directors stresses need for transparency on the circumstances surrounding their appointments By Lynette Khoo lynkhoo@sph.com.sg Singapore THE Singapore Institute of Directors (SID) has weighed in on the issue of alternate directors and spelt out specific guidelines concerning their appointments. SID stressed the593 words
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Article, Illustration691 2010-09-18 4 Anna Teo - When productivity seems to soar but clearly doesn’t By Anna Teo anna@sph.com.sg Singapore FORallthe hand-wringingoverSingapore’s poorproductivity of late, the figures now suggest local labour yield has since more than jumped by leaps and bounds, having surged 14-15 per cent in the first half of 2010. Unless one believes that productivityAP - 691 words
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426 2010-09-18 6 Emilyn Yap - It warns fund managers against engaging in window dressing practices By Emilyn Yap emilyny@sph.com.sg Singapore THE Monetary Authority of Singapore (MAS) has won its claim against Pheim Asset Management Sdn Bhd (Pheim Malaysia) and its CEO Tan Chong Koay for market rigging.426 words
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343 2010-09-18 6 AFP Beijing CHINA is drawing up a new plan to become a leader in eco-friend-ly cars that could include forcing foreign carmakers to share key technologies for access to its market, a report said yesterday. The draft suggests that China couldAFP - 343 words
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Article, Illustration788 2010-09-18 6 S Jayasankaran - By S Jayasankaran btworld@sph.com.sg Kuala Lumpur WHAT was already a gruesome murder of a cosmetics tycoon and three others could turn out to be the worst serial murder case in Malaysia’s history. Over five days, police scuba divers combing theAP - 788 words
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Article, Illustration558 2010-09-18 7 Lee U-Wen - saturday soapbox Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor YOU’VE probably heard this old joke or something like it. Two friends were chatting when one asked: “Are you superstitious?” Theotherreplied: “I used tobe but I heard it was unlucky, so I stopped.” It’sFILE PHOTO - 558 words
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Page 2 Advertisements
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Advertisement141 2010-09-18 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Weekend With L2-4 Health L5 KLHawkerGuide L6-7 Dining L8-9141 words
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Page 3 Advertisements
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Advertisement207 2010-09-18 3 THE GREENWOOD L, £2 S3? m 5s^(i IVfa s; m. B* 9;« T. r S til F > /> ill M 4' An exclusive lifestyle built around nature Minutes from Orchard Road, yet a world away in serene tranquility is The Greenwood. Set in the verdant wonders of nature, the207 words
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Page 4 Advertisements
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Advertisement123 2010-09-18 4 A Specialized BUSINESS OPPORTUNITY An established full service Post Production company based in Singapore, specializing in high-end post production services is looking for interested parties to take over the full facilities comprising of 7 post production suites for offline and online editing, special effects, animation and audio facilities for the123 words
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Page 5 Advertisements
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Advertisement322 2010-09-18 5 Crest JaCan SuCtan IsmaiC grade 'a office Suites *2 'i i' i \P. j .re S3 3 0 !S:S' S n m E H 'V <*L. i!)! iiiii 'iiiliil! A »k 'k on iiiiili! (Reserved (ResidentiaC l)nits JLCso Open Tor Sak f) 4 St&i Fantastic Location with Global Recognition The322 words
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Page 7 Advertisements
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Advertisement257 2010-09-18 7 Bank of Singapore. Well positioned. Well recognised. FinanceAsia COUNTRY AWARDS FOR ACHIEVEMENT 2010 Best Private Bank Singapore, 2010 0[ Southeast Asia Best Private Wealth Management Bank Singapore, 2010 Southeast Asia Best Private Wealth Management Bank Southeast Asia, 2010 EUROMONEY EUROMONEY ASIAMONEY Best Private Bank for Relationship Management Philippines, 2010 Best257 words
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THE RAFFLES CONVERSATION
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Article, Illustration2135 2010-09-18 8/9 Amit Roy Choudhury - Wipro chairman Azim Premji attributes his company’s success to the fact that it is built on a solid foundation of values, and that it is more about substance than show. By Amit Roy Choudhury show.By Amit Roy Choudhury amit@sph.com.sg WESTERN India Vegetable Products Ltd is not exactlyARTHUR LEE - 2,135 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK | Sept 13-17, 2010
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45 2010-09-18 10 Alternate directors for IDs boon or bane? A HEATED debate has emerged over the appointment of alternate directors for independent directors in listed companies. Though the practice of appointing alternate directors is not new, it has come under the spotlight over issues of corporate governance.45 words
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Article60 2010-09-18 10 alter landscape SINGAPORE banks’ ability to pay dividends or make new loans won’t be hurt by stricter global bank capital rules agreed in Basel on Sunday, analysts told BT. But big foreign banks such as HSBC that also have capital well in excess of the60 words
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47 2010-09-18 10 THE race for the title of the world’s busiest container port is hotting up, as Shanghai overtakes Singapore for the first time in year-to-date container throughput, setting the stage for a potential and long anticipated upset in global rankings.47 words
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72 2010-09-18 10 The US is looking beyond GDP (gross domestic product) as the defining yardstick of how well the country and its people are doing. Efforts are underway by a non-prof-it, non-partisan organisation called The State of the USA, under the auspices of the National Academy72 words
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62 2010-09-18 10 The Singapore Exchange will offer the trading of 19 American Depository Receipts of several large Chinese firms next month. This is seen as a bid to channel funds that are flowing to the US markets which include money from Asian investors to62 words
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40 2010-09-18 10 BULK deals involving high-end apartments are gathering pace again. Some property funds which invested in Singapore’s upmarket residential sector are taking advantage of a price recovery in this segment to exit their investments.40 words
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46 2010-09-18 10 THE storm appears to have passed at Singapore Healthpartners, the group behind Farrer Park Hospital near Race Course Road. One faction of its shareholders has bowed out of the picture and construction is set to start in November.46 words
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58 2010-09-18 10 AN analysis of developers’ monthly sales information released by the government shows that 80.4 per cent of the 1,248 private homes sold in August were priced above $1,000 per square foot. This is the second month running that the share of58 words
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48 2010-09-18 10 THE government is conducting a pilot project of modified guidelines that will allow for more creative designs in landed homes. The guidelines will apply to nine landed housing plots that it will auction next month under Sembawang Greenvale Phase 3.48 words
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53 2010-09-18 10 A SENIOR vice-president of Singapore Press Holdings has been fired after he admitted to stealing shopping vouchers and taking kickbacks over a number of years. Peter Khoo, an employee of 22 years, has made restitution of $196,500 for the misappropriated vouchers and the illegal53 words
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50 2010-09-18 10 SINGAPORE interbank rates have dropped to the lowest level on record, threatening to further squeeze banks’ income from lending here. Sibor was quoted at 0.***** per cent on Monday the lowest in at least 23 years and has stayed there since.50 words
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49 2010-09-18 10 THE buzz is back for job seekers as the labour market continued to sparkle in the second quarter. The robust economy added jobs for a fourth successive quarter, taking the total employment gain to 61,400 for the first half of the year.49 words
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Article, Illustration69 2010-09-18 10 IT’S not hard to see why casino operators love the Singapore market. Not only are they raking in big bucks per slot here, but the market could overtake the Las Vegas strip in a couple of years, according to US billionaire Sheldon Adelson.REUTERS - 69 words
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NEXT WEEK | Sept 20-24, ’10
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Article20 2010-09-18 10 Sept 21 Housing starts Sept 23 Existing home sales Leading indicators Sept 24 Durable orders New home sales20 words
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Article15 2010-09-18 10 Sept 23 Aug consumer price index Sept 24 Aug index of industrial production15 words
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Article47 2010-09-18 10 Sept 21 Washington US Federal Reserve’s Federal Open Market Committee (FOMC) holds one-day meeting on interest rates; announces decision on rates and issues policy statement at 1815 GMT Sept 22 London Bank of England (BoE) to publish minutes of Sept 8-9 Monetary Policy Committee (MPC) meeting47 words
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Page 10 Miscellaneous
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Miscellaneous317 2010-09-18 10 CRYPTIC CROSSWORD Across 1 Flat-finding agency (6,5) 9 In which a boxer may drop his guard? (3,6) 10 I go round an Italian city (5) 11 Refuse a stretcher (6) 12 Having no worries about being negligent (8) 13 When students may collect on the streets (3,3) 15 The point317 words
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Miscellaneous12 2010-09-18 10 SATURDAY with Ludwig ‘This one’s a bargain just came on the market...’12 words
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COMPANIES
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496 2010-09-18 11 Felda Chay - Audited full-year loss of $5.29m against unaudited profit of $197,000 By Felda Chay feldac@sph.com.sg Singapore MATERIAL adjustments have resulted in trading company TT International (TTI) registering an audited group net loss of $5.29 million for its full financial year ended March 31, 2010496 words
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375 2010-09-18 11 Reuters Bangkok SHARES of Thailand’s top three telecom firms, including SingTel unit Advanced Info Service pcl (AIS) and Singapore-quoted Total Access Communication pcl (TAC), plunged and drove the broad stock market down yesterday after a court froze an auction for third-generationReuters - 375 words
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Article, Illustration425 2010-09-18 11 ALMOST as if on cue, DMX Technologies Group shares surged 21 per cent yesterday as the company announced the trading of its American Depositary Receipts (ADRs) on the OTCQX International over-the-counter market in the US. DMX shares closed up 7.5 cents at 42.5 cents onFILE PHOTO - 425 words
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Article, Illustration885 2010-09-18 12 Karen Ng - Despite the lingering effects of the slowdown, it is going ahead with overseas expansion. By Karen Ng corporate focus By Karen Ng karenng@sph.com.sg HOMEGROWNmarinesup-ply and logistics player Sinwa Limited has had to weather many storms in recent times including the global slowdown. But885 words
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Article, Illustration684 2010-09-18 13 Taiwan depository receipt listings are rising in popularity Reuters Taipei TAIWAN’S stock exchange looks set to become a sought-after destination for share listings by overseas and Chinese firms and notch up its ranking in Asia after the rising popularity of TaiwanReuters; AFP - 684 words
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Article, Illustration570 2010-09-18 14 R Sivanithy - STI up 2.5% over the five days; Jardine Matheson yesterday’s top gainer stocks R Sivanithy sivan@sph.com.sg Senior correspondent THE two Genting stocks may have grabbed most of the headlines this week, but equally important though less visible have been the Jardine counters, whose inexorable570 words
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Business briefing
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103 2010-09-18 14 SWIBER Holdings, an integrated construction and support services provider to the offshore oil and gas industry, has appointed Francis Wong as group chief executive officer and president with immediate effect. Raymond Goh, as founder of the group, remains at the helm of Swiber103 words
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87 2010-09-18 14 COSCO Corporation (Singapore) Ltd said that Cosco (Guangdong) Shipyard Co Ltd, a subsidiary of the company’s 51 per cent owned subsidiary, Cosco Shipyard Group Co Ltd, has secured contracts worth over US$51 million to build two bulk carriers of 57,000 dwt and 35,000 dwt.87 words
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Article61 2010-09-18 14 BY CENTS CLOSE UP JMH 4570 205.3 3.5 GLD 10US$ ***** 136.0 0.8 DBXT Nifty 10US$ ***** 117.3 0.7 DBXT FTVietnam 10US$ 3778 113.3 2.3 Lyxor EmergingMkts 1 1042 73.3 5.6 DBXT iBoxxKR 5US$ ***** 52.0 0.3 DairyFarm 765 52.0 5.4 JSH 2648 50.7 1.5 Lyxor Europe 1061 words
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Article60 2010-09-18 14 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 5063 -102.6 -1.5 OCC 3.93% NCPS10 9070 -30.0 -0.3 STXPO 100 1324 -16.0 -1.2 HK Land 589 -10.7 -1.3 Jardine C&C 3740 -10.0 -0.3 OCBC Bk 4.5%NCPS 100 ***** -10.0 -0.1 CapitaMall 195 -6.0 -3.0 DBS Grp 1394 -6.0 -0.4 Haw60 words
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310 2010-09-18 14 THE Singapore Exchange (SGX) will offer a new clearing service for over-the-counter (OTC)-trad-ed rubber contracts through its subsidiary Singapore Commodity Exchange (Sicom). The move follows a collaboration with Sino Rubber Electronic Trading Market Ltd in February this year. The new clearing310 words
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Article110 2010-09-18 14 VOL CLOSE GentingHKUS$ 194,964 52 0.7 1.0 GentingSP 176,764 209 6.0 3.0 Equation 174,184 6.5 0.5 8.3 Biosensors 150,807 96 12.0 14.3 ChinaHongxing 101,615 21.5 0.0 0.0 DMXTech 67,418 42.5 7.5 21.4 ChinaEnergy 47,635 19.5 4.0 25.8 TranscuGrp 47,375 13 1.0 8.3 ChinaSports 44,030 13.5 0.5 3.8110 words
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Article106 2010-09-18 14 Stock name Close Change CapMallsAsia 2.160 -0.050 CapitaLand 3.970 -0.030 CapitaMall 1.950 -0.060 CityDev 11.580 -0.020 ComfortDelGro 1.540 -0.020 DBS Grp 13.940 -0.060 F&N 6.140 Genting SP 2.090 +0.060 Golden Agri 0.580 HK Land 5.890 -0.080 JMH 45.700 +1.540 JSH 26.480 +0.380 Jardine C&C 37.400 -0.100 Keppel Corp106 words
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Advertisement165 2010-09-18 13 CONCORD ENERGY PTE LTD, a locally-based international commodity trading company, is seeking to hire an experienced Manager Projects Energy to join its project development team. Under the direction of the Director of Projects Development, the Project Manager willassistinmanaging,prioritizing,andmonitoringthedevelopmentofinternational energy projects. The successful candidate will work with cross functional teams to165 words
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FROM THE DESK OF
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Article, Illustration836 2010-09-18 15 Paul Whelan - The long-term future of recreational boating must be driven by passion not just on the part of boat owners but also among manufacturers, dealers and suppliers from the desk of Paul Whelan General Manager Simpson Marine A YACHT can be a status symbol,836 words
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SINGAPORE
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Article, Illustration581 2010-09-18 16 Lynette Khoo - ACCA’s annual conference discusses strategies to train and retain talent By Lynette Khoo lynkhoo@sph.com.sg STRATEGIES to train and retain talent, which include encouraging women who have left the workforce to return, got an airing at the ACCA annual conference yesterday. While most presenters581 words
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Article, Illustration390 2010-09-18 16 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg ASIA’S fast growth has thrown up both opportunities and attendant issues on how to boost human capital to tap into said opportunities, and how to ensure inclusive growth for society, says Manpower Minister Gan Kim Yong. Speaking yesterday at an Asia-Pacific390 words
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Article, Illustration419 2010-09-18 17 Emilyn Yap - Sim Lian submits top bid of $160m, plans project with 400-450 units By Emilyn Yap emilyny@sph.com.sg THE response of developers to a state tender for a 99-year-lease-hold residential site at Hougang Avenue 7 yesterday reflected a “Goldilocks” moment not too hot, not too cold419 words
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371 2010-09-18 17 MAIDS have legal rights too even if they may not know what they are. And TSMP Law Corporation will try to help fix this knowledge gap by holding a short talk at the Gallery at Fort Canning Centre tomorrow, where the legal rights,371 words
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Article, Illustration310 2010-09-18 17 THE brother-and-sister team behind retail concepts such as iwannagohome! opened Candylicious a candy boutique at Resorts World Sentosa (RWS) yesterday. Sanveer and Sunaina Gill are the children of JS Gill, founder of Royal Sporting House (RSH). In 1977, the elder GillAZIZ HUSSIN/THE STRAITS TIMES - 310 words
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Article300 2010-09-18 18 FRANCE-BASED strategic investor Ingenico, the world’s leading provider of secure payment solutions, has invested $30 million in Korvac Holdings, a local group that offers payment and consumer data processing services. The investment, announced yesterday, gives Ingenico a 49 per cent stake in Korvac. Ingenico is the300 words
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Article, Illustration274 2010-09-18 18 Lynn Kan - Indian firm given contract to build Durgapur project runway, terminal By Lynn Kan lynnkan@sph.com.sg CHANGI Airport Group (CAG) has found the first builder for its maiden Indian greenfield airport investment, the Durgapur Aerotropolis. The company developing the Durgapur project Bengal Aerotropolis Projects274 words
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186 2010-09-18 18 TEMASEK Life Sciences Laboratory (TLL) and Temasek Foundation (TF) have announced two training programmes to improve rice crops and manage emerging infectious diseases in partnership with agencies from Laos. TF has committed a grant of $490,000 to the programmes, which it and TLL186 words
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Page 16 Advertisements
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Advertisement16 2010-09-18 16 Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.16 words
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Page 18 Advertisements
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Advertisement648 2010-09-18 18 adv GREATRONIC LIMITED (Reg No. *****0621N) (incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GREATRONIC LIMITED ("the Company") will be held at REPUBLIC OF SINGAPORE YACHT CLUB, 52 West Coast Ferry Road, Singapore *****7 on Thursday, 30648 words
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WORLD
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471 2010-09-18 19 It targets 131 projects worth US$444b after talks with representatives from 200 firms Bloomberg Kuala Lumpur MALAYSIA’S government said it has identified private sector-led projects worth US$444 billion that can turn around a slump in investment and help the country achieve developed-nationBloomberg - 471 words
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Article, Illustration382 2010-09-18 19 Reuters Tokyo JAPANESE Prime Minister Naoto Kan picked Banri Kaieda, who backed his defeated rival Ichiro Ozawa in a party leadership vote this week, as new economics minister in a Cabinet reshuffle yesterday. Mr Kaieda, 61, who was a member of a group advisingReuters; BLOOMBERG - 382 words
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289 2010-09-18 19 AP Amsterdam JOHNSON Johnson said yesterday it is in advanced talks to acquire Dutch biotech firm Crucell NV for 1.75 billion euros (S$3.1 billion), a deal that would boost the American health care product maker’s vaccine business. In a joint statement,AP - 289 words
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Article, Illustration580 2010-09-18 20 Fears rise that more intervention could let China off on yuan AFP Tokyo JAPAN’S Finance Minister Yoshihiko Noda, a fiscal hawk appointed in June to work towards cutting a massive public debt, is now enmeshed in a battle to stop a strong yenAFP; BLOOMBERG - 580 words
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379 2010-09-18 20 AFP Beijing CHINA’S central bank warned yesterday that the world’s sec-ond-largest economy still faced challenges and uncertainties, pledging to maintain current policies to ensure stable growth. One of the risks facing China was the surge in bank lending to local government financing vehicles, which wasAFP - 379 words
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521 2010-09-18 21 Strong demand forecast despite lack of local content AFP Beijing HUNDREDS queued up yesterday for the first official iPads sold in China, the world’s biggest Internet market, after months of grey-market action among avid buyers unwilling to wait for the Apple tablet. Apple storesAFP - 521 words
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Article287 2010-09-18 21 AFP Jakarta THE International Monetary Fund (IMF) warned yesterday that Indonesia must make fighting corruption a priority if it wants to build on its progress as one of the world’s best-performing economies. Southeast Asia’s biggest economy expanded 4.5 per cent in 2009, the third fastest inAFP - 287 words
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Article, Illustration464 2010-09-18 22 Core inflation over the past year is up just 0.9%, matching the lowest 12-month gain in 44 years latest us data AP Washington CONSUMER prices posted a small rise in August, but outside of a big jump in volatile gasoline prices, inflation was essentiallyAP; BLOOMBERG - 464 words
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483 2010-09-18 22 Reuters London BUSINESS Secretary Vince Cable was quoted yesterday as saying immigration limits were costing Britain thousands of jobs and hurting its economic recovery. “A lot of damage is being done to British industry,” Mr Cable said in an interview with the Financial TimesReuters - 483 words
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Page 19 Advertisements
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Advertisement157 2010-09-18 19 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg FORM 69(3) NOTICE OF INTENDED DIVIDEND Name Company CallCentreOnePte.Ltd. (InLiquidation) Co.Reg.No. *****6116M Address RegisteredOffice c/oTheLiquidator’sOffice LastdayforreceivingProofs October2010 Name Liquidator Mr.Don Ho,FCPA Address c/oDonHo Associates CertifiedPublicAccountants CorporateAdvisory Recoveries EquityPlaza20CecilStreet#12-02 Singapore*****5 Tel:*****320 lines) Fax:*****331 Datedthis18thday September2010 NOTICE OF SPECIAL157 words
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Page 20 Advertisements
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Advertisement3 2010-09-18 20 i.RSiwt»® eWts www.radio913.oom3 words
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Page 21 Advertisements
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Advertisement447 2010-09-18 21 corporate advisory Our client, listed on the Singapore Exchange Mainboard, owns and operates one of the world~s largest integrated palm oil plantation group of companies with well established downstream business operations. It is also one of the leading food manufacturers in China. Our client is expanding its downstream operations and447 words
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Page 22 Advertisements
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Advertisement25 2010-09-18 22 ft. Lianhe Zaobao Western China's top philanthropist: It's not about who gives more to charity P P To subscribe, call 6388-38B8 or go to sphsubscription.com.sg25 words
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Advertisement198 2010-09-18 22 corporate advisory Our client, listed on the Singapore Exchange Mainboard, is a leading regional property developer. It is a leading developer in Indonesia and is engaged in the development and construction of commercial, residential and industrial properties, townships, hotels and resorts. It has long-term investments in major commercial buildings, hotels198 words
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SGX
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Article9223 2010-09-18 23 Transaction date: Sep 17 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13 3148 8Telecom 20 unch 815 20 20 20 20.5 1.7 9.1 6.4 95.8 12 5 5834 A-Sonic 6 unch9,223 words
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Article1873 2010-09-18 26 52-wks Tel Last Vol Day Last Quote Div GrYld 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 161 156 165 95.5 4 0.5 15011,873 words
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Article186 2010-09-18 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 4 0 0 0 12 1 4 Manufacturing 104 33 66 12 3 17 116 36 83 Commerce 31 14 31 8 2 3 39 16 34 Tpt/Stor/Comms 21 12 11186 words
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Article842 2010-09-18 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 13 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) BRC Asia Ltd 16-Sep-10 Lingco Marine Pte Ltd *Buy 3000 na ***** 3.86 ***** 4.25 BRC Asia842 words
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Article123 2010-09-18 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 22,512 22,512 46,233 46,233 Manufacturing 769,675 215,541 985,216 431,687 20,997 452,685 Commerce 136,907 29,424 166,331 126,821 5,703 132,524 Tpt/Stor/Comms 93,626 7,766 101,392 171,046 1,153 172,199 Finance 32,121 35 32,156 242,689 5 242,693 Construction 84,081 31,117123 words
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MARKETS
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Article129 2010-09-18 27 Sep 17 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2420 1.2800 Can dollar 1.2950 1.3110 Euro 1.7390 1.7590 NZ dollar 0.9620 0.9830 Sterling pound 2.0780 2.1020 US dollar 1.3310 1.3460 Local dollars to 100 units of foreign currency: Currencies Bid129 words
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Article, Illustration96 2010-09-18 27 YTD change: +6.17% 52-week high: 3,086.28 on Sept 16,2010 52-week low: 2,576.84 on Oct 5,2009 Source: Bloomberg YTD change: -20.70% 52-week high: 3,361.39 on Nov 24, 2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: +0.45% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 18,971.50 onSource: Bloomberg - 96 words
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374 2010-09-18 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 16 Index Change Change Change Change Change Change World Index Preliminary 825.1 -0.4 -0.9 -0.4 -5.9 -0.4 -1.2 ‡EAFE Preliminary 764.9 -0.4 -2.5 -0.4 -8.1 -0.4 -3.5 Europe Preliminary 1121.3 -0.3374 words
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Article154 2010-09-18 27 Sep 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2612 1.2622 0.9461 0.9466 Canadian dollar 1.3029 1.3038 0.9773 0.9778 Euro 1.7530 1.7537 1.3150 1.3152 NZ dollar 0.9760 0.9775 0.7321 0.7331 Sterling pound 2.0954 2.0961 1.5718 1.5720154 words
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Article82 2010-09-18 27 Sep 16 COCOA (£/tonne) Close Prev High/Low Sep 10 1884 1816 1910/1861 Dec 10 1901 1853 1925/1881 Mar 11 1917 1872 1938/1898 May 11 1928 1886 1949/1916 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1644 1620 1607/1607 Nov 10 1653 1629 1671/1630 Jan 11 1675 1660 1697/1660 Mar 1182 words
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Article93 2010-09-18 27 Sep 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1036.*****2.*****6.*****3.00 Jan 11 1046.*****2.*****6.*****3.50 Mar 11 1054.*****0.*****4.*****1.75 May 11 1057.*****3.*****7.*****5.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Oct 10 41.36 41.61 41.76 41.20 Dec 10 41.75 42.01 42.15 41.60 Jan 11 42.06 42.32 42.4693 words
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Article75 2010-09-18 27 Sep 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 79.13 0.15 WTI (Near Mth) 74.38 -1.29 Dubai (1-Mth F) 76.71 0.28 Tapis blend 84.85 0.20 Minas 78.75 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.38 -0.28 Jet Kerosene 88.67 1.23 US$/barrel Opec Oil Basket Price75 words
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Article71 2010-09-18 27 Sep 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2136.50 2121.50 3 months 2165.50 2154.00 Copper, Grade A (US$/tonne) Cash 7689.25 7604.00 3 months 7700.00 7620.00 Lead (US$/tonne) Cash 2173.00 2207.50 3 months 2202.00 2237.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article68 2010-09-18 27 Sep 17 GOLD (US$/oz) Sep 16 Sep 17 Hong Kong 1268.*****9.50 Sep 15 Sep 16 London 1268.*****4.25 1268.*****4.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.92 27.70 Source: UOB PLATINUM Lon (US$/oz) Sep 16 Close Previous PM Fix 1602.*****4.50 AM Fix 1595.*****0.00 Source: Thomson Reuters PLATINUM NYMEX68 words
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Article66 2010-09-18 27 Sep 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 10 2685 2702 2707 2685 1772 6481 Nov 10 2621 2645 2654 2618 3993 ***** Dec 10 2600 2627 2636 2598 ***** ***** Jan 11 2600 262066 words
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PERSPECTIVE
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Article, Illustration828 2010-09-18 28 / 29 Jason Bush - Without progress towards a more democratic society, political stagnation and deteriorating economic performance will result. By Jason Bush i8S REUTERS BREAKINGVIEWS By Jason Bush RUSSIA needs to catch up. Its uncompetitive industrial structure, inherited from Soviet times, is too dependent on commodity exports. Productivity is pathetic, andXINHUA - 828 words
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810 2010-09-18 28 / 29 G Panicker - By G Panicker The writer was formerly with BT’s foreign desk. He is now a freelance writer. INDIA’S apex court has put the central government in a bind, ordering New Delhi to distribute its deteriorated grain stocks to the poorest of810 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1231 2010-09-18 30 / 31 Genevieve Cua - The overhang of economic uncertainty has taken a toll on recent returns in emerging markets Genevieve Cua gen@sph.com.sg Personal Finance Editor THE emerging markets have been the investors’ darling over the last seven to eight years, but the overhang of uncertainty over the global macro-eco-nomic outlookREUTERS; Source: Morningstar. Based on the performance of the respective MSCI indices. Total return in US dollar terms. Data from 31 December 2008 to 30 July 2010 - 1,231 words
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BROKERS' TAKE
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Article408 2010-09-18 30 / 31 DMG Partners Securities “KEY” STI counters did not drive STI’s 6 per cent year-to-date rise: The Straits Times Index (STI) has risen 6 per cent year-to-date. Although this pales compared with Singapore’s H1 2010 GDP growth of 17.9 per cent year-on-year (y-o-y), it is still respectable. On closer408 words
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Article354 2010-09-18 30 / 31 Jamie Lee - Buy DBS Vickers Securities Sept 17 Close: $0.96 Compiled by Jamie Lee BUILDING on its solid turnaround, earnings compounded annual growth rate (CAGR) of 24 per cent from FY2010 to FY2012: Biosensors posted a sharp reversal in FY2010 to achieve a profit of US$32 million; and we354 words
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Article, Illustration1177 2010-09-18 32 By closing one fund and opening another, managers can, in one stroke, wipe clean their investment records NYT New York AFTER shutting his giant fund after a humbling loss, Pallotta, the money manager who is an owner of the Boston Celtics, is doing whatNYT; LUIS ENRIQUE ASCUI - 1,177 words
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Article, Illustration1319 2010-09-18 33 Teh Hooi Ling - Returns of S’pore market have been decent, but data for funds which invest overseas present a different picture show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder DO fund managers add value? Well it seems they do,1,319 words
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WEALTH REAL ESTATE
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923 2010-09-18 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 14 LANDED Jln Grisek 3-Ter 20/08/2010 FH 2763 2528 915 NON-LANDED Atrium Residences Apt 20/08/2010 FH 1948923 words
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Article563 2010-09-18 35 But it sees rich pickings in Japanese distressed property, closing deal on Tokyo office buildings Reuters Hong Kong MORGAN Stanley sees good values in distressed real estate assets in Japan for its latest US$4.7 billion global property fund MSREF VII, a senior executive says. HokeReuters - 563 words
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Article, Illustration246 2010-09-18 35 Reuters London HENDERSON Global Investors has launched a new US$1.1 billion fund targeting the US apartment market, saying that it was the best-placed property sector for rent growth and occupancy over the next five years. CASA V is the fifth in Henderson’s CASA PartnersReuters; BLOOMBERG - 246 words
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313 2010-09-18 35 Xinhua Sydney THE outlook for Australian residential property is strong as signs emerge that home-loan applications are on the rise, analysts said yesterday. Savanth Sebastian, an economist at Australia’s leading investment company CommSec, said that a recent slowdown in demand for residential propertyXinhua - 313 words
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Page 34 Advertisements
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Advertisement49 2010-09-18 34 Featuring the Prestige Homes Collection Your Specialist lri Prime and Luxurious Properties For enquiries: Ruby Ong 9222 0208, ROng@savills.com.sg or Lawrence Chia 9617 2884, LChia@savills.com.sg To arrange for an appointment to view our other luxurious developments, please call 6836 3338 or search with us a residential.savills.com. sg savills m-xwmmm49 words
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Advertisement42 2010-09-18 36 M iUDEMARS PlGl'ET Le maitre de I'horlogerie depuis 1875 B 1 1 0 s mu 3 0n 8 ■n/ Aur OOf o AT/Q > m cd o w i' r IT ROYAL OAK OFFSHORE DIVER SELFWINDING For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com42 words
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Advertisement51 2010-09-18 1 LivingTHEBUSINESSTIMESWEEKEND|SEPTEMBER18-*****0BTTHE BUSINESS TIMES WEEKEND SEPTEMBER 18-19 2010 DESIGNER DOCTORS Medical practitioners get creative MAIN PHOTO: IWAN BEIJES, STOCK.XCHNG STYLE Cut, copy and paste L10-11 BT CORPORATE GOLF Making a splash L16-17 KL HAWKER GUIDE Porky delights L6-7 DINING Sweet endings L8-9 MOTORING A cleaner Cayenne L20 GADGETS Worth a shot51 words
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BT Living
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WEEKEND WITH
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Article, Illustration2798 2010-09-18 2/3 Melissa Lwee - You’d be surprised to know what these four medical practitioners get up to when they are off duty. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg Iroshini Chua Jewellery design www.beautifulstones.com.sg WHEN Iroshini Chua’s husband proposed to her, he didn’t do it the conventional way. Sure, he took herPHOTOS OF IROSHINI CHUA AND JEWELLERY BY KEVIN CHUA; PHOTOS OF SERENA SOOSAY, ELAINE NEO AND ROTATING DOOR BY YEN MENG JIIN; PHOTOS OF CAKES COURTESY OF SERENA SOOSAY; ARTHUR LEE - 2,798 words
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Article834 2010-09-18 4 wine dine with BTWeekend Triple Three Mandarin Orchard Singapore, Level 5 333 Orchard Road ?6831-6288 Triple Three is back. Named for the address of the hotel 333 Orchard Road it features a new Japanese-inspired international buffet spread, helmed by Japanese executive chef Shigeru Akashi. Embark on a culinary adventure with834 words
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HEALTH
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Article, Illustration1017 2010-09-18 5 Cheah Ui-Hoon - Concerned about your child’s worsening eyesight? Check out a couple of new lenses which their makers say can slow down the rate of myopia progression in children up to the age of 14. By Cheah Ui-Hoon 14.By Cheah Ui-Hoon uihoon@sph.com.sg SINGAPORE has oneST FILE PHOTO - 1,017 words
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KL HAWKER GUIDE
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Article, Illustration1728 2010-09-18 6 / 7 Joyceline Tully - Dying for a char siew and siew yoke fix? Here are four places in Kuala Lumpur and Petaling Jaya that won’t disappoint. By Joyceline Tully By Joyceline Tully btnews@sph.com.sg THEY are lined up in a row, firmly hung on long, for-midable-looking hooks. And they’re the real deal notPHOTOS BY JOYCELINE TULLY - 1,728 words
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DINING
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Sweet endings
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Article, Illustration930 2010-09-18 8 / 9 Jaime Ee - Les Amis #02-16 Shaw Centre 1 Scotts Road ?6733-2225 Gone are the days when all you got at the end of a fancy meal was a scoop of vanilla ice cream and some fruit on the side. Nowadays, Singapore’s top restaurants are raising the dessert bar with inventive,PHOTOS BY YEN MENG JIIN - 930 words
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Article, Illustration749 2010-09-18 8 / 9 Geoffrey Eu - Iggy’s The Hilton Level 3, 581 Orchard Road ?6732-2234 www.iggys.com.sg By Geoffrey Eu ANDRES Lara pushes himself to dazzle diners on a daily basis with his skill and creativity as a dessert chef. In just six months of being in charge of the pastry kitchen at Iggy’s, his749 words
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Article, Illustration688 2010-09-18 8 / 9 Geoffrey Eu - FiftyThree 53 Armenian Street ?6334-5535 www.fiftythree.com.sg By Geoffrey Eu btnews@sph.com.sg DINERS go to avant-garde restaurant FiftyThree for the kind of culinary experience where “snow” and “soil” make regular appearances on the menu. They are of the edible variety, of course, and in less than two years, owner-chef MichaelPHOTOS BY JOHN HENG - 688 words
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STYLE
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Article, Illustration1649 2010-09-18 10 / 11 Daniel Goh - from a few designers it’s more Apart from a few designers, it’s more of the same old tired ideas that were recycled at the recent New York Fashion Week. By Daniel Goh By Daniel Goh btnews@sph.com.sg IF you compare the just concluded New York Fashion WeekPHOTOS: AFP, AP, REUTERS - 1,649 words
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WATCHES
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Article, Illustration1449 2010-09-18 12 / 13 Dylan Tan - Weird wonderful times Horology goes avant-garde with a new spin on the art of telling time. By Dylan Tan time.By Dylan Tan dylantan@sph.com.sg THERE’S a running joke at Urwerk that the brand’s co-founder and chief watchmaker, Felix Baumgartner is the most hated person in the company. But ask him that1,449 words
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GADGETS
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Article, Illustration806 2010-09-18 14 Christopher Lim - Samsung’s new NX100 camera is very tempting. By Christopher Lim By Christopher Lim limchris@sph.com.sg SHOPPING for gadgets is like shopping for anything else if you’re not sure what to look for, it’s natural to gravitate towards well-known brands. Samsung makes a huge range of electronic items. But806 words
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SPORT
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Article, Illustration658 2010-09-18 15 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor WE are already five weeks into the new English football season, but somehow there doesn’t seem to be the usual buzz. The usually high level of football fever in the air is absent.658 words
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Article, Illustration789 2010-09-18 15 Christy Simson - pitch report with christy simson Christy Simson COMPARE the resources of New Zealand and India and you quickly realise it’s a waste of time. Three million people versus 1.4 billion, etc. When it comes to cricket wealth, the difference is even more acute. Back789 words
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BT CORPORATE GOLF LEAGUE 2010
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Article, Illustration835 2010-09-18 16/17 Justine Moss - Big Fish Innovative Technology continue to dominate after the island course. By Justine Moss course.By Justine Moss AFTER the fourth round of The Business Times Corporate Golf League, Big Fish Innovative Technology (BFG) continue to dominate having pulled ahead by seven points over Centurion, which is tied835 words
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Article, Illustration581 2010-09-18 16/17 Justine Moss - By Justine Moss BEING avid golfers, the Audi team saw The Business Times Corporate Golf League as a good opportunity to unwind and have fun together as colleagues, and also to network and meet new people, according to Angela Wong, general manager, Sales for Audi Singapore.581 words
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Article, Illustration468 2010-09-18 16/17 Justine Moss - By Justine Moss btnews@sph.com.sg IT was a natural decision for Audi to sponsor The Business Times Corporate Golf League, which they feel is also a great platform for amateur golf lovers. “Audi has a longstanding relationship with the world of golf, thanks to our own468 words
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MOTORING
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Article, Illustration600 2010-09-18 18 Samuel Ee - The new A7 Sportback is Audi at its luxurious best. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHEN it arrives next year, the new Audi A7 Sportback will do what the Audi A5 Sportback does, but with much more of everything. This is because the A7 is bigger600 words
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Article, Illustration672 2010-09-18 19 Samuel Ee - The A7 debuts with new technology, equipment and design features that raise the wow factor. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Audi A7 Sportback has not only enlarged the smaller A5 Sportback’s “versatile five-door coupe” concept but it has also taken the new and larger model672 words
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Article, Illustration523 2010-09-18 20 Samuel Ee - The Cayenne S Hybrid is the Porsche’s first performance hybrid. By Samuel Ee By Samuel Ee ONCEconsideredunthinka-ble, the sporty Porsche brand has now expanded its engine options to include diesel and hybrid power. The petrol-electric Porsche Cayenne S Hybrid is the German sports car maker’s first performance523 words
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Article, Illustration493 2010-09-18 20 Samuel Ee - By Samuel Ee samuelee@sph.com.sg THE diesel surcharge may be hefty but for some, it is more than worth it for the back-thump- ing acceleration that the Cayenne Diesel offers. As the first Porsche to have a turbodiesel engine, the Cayenne Diesel has the usual attributes of an oil493 words
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Advertisement41 2010-09-18 16/17 Presenter Co-organised by frOl f T"^l PARK HOTEL GROUP VJUli i 1 5 c:,L Final Round Hole-In-One Sponsor Final Round Dinner Sponsor SIR mauRiTius Audi II 1 World Golfers AUDEMARSPIGUET W Championship Sponsors _J_J (Tnturion CLARINS ParkwayHealth Gmim osim'** vesti c41 words
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Advertisement6 2010-09-18 16/17 THE BUSINESS TIMES CORPORATE GOLF LEAGUE6 words
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