The Business Times, 18 November 2010
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2010-11-18
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The Business Times
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Title Section23 2010-11-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, November 18,201023 words
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Article, Illustration662 2010-11-18 1 TEH SHI NING - BT-UniSIM Business Climate Survey finds strong rebound in business activity last quarter, but diminished optimism over what is in store on the six-month horizon By TEH SHI NING [SINGAPORE] Singapore’s economy may grow up to 10.8 per cent in the fourth quarter, accordingSource: BT-UniSIM Business Climate Survey - 662 words
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Article, Illustration684 2010-11-18 1 Ireland has said the bill for the bailout could top 50b euros AFP Reuters Bloomberg [BRUSSELS] Europe moved closer yesterday to bailing out a eurozone state for the second time this year, as it launched a joint mission with the InternationalAFP; Reuters; Bloomberg; PHOTO: AFP - 684 words
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Page 1 Advertisements
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Advertisement182 2010-11-18 1 BizIT S’pore firms stay away from public clouds PAGE 29 THE BizIT INTERVIEW Doctor Antivirus BASEL III ‘Swiss finish’ to benefit banks: senior banker COMPANIES Dark pools join forces to attract clients PAGE 6 PAGE 4 PAGE 29 *****1 *****4 The future of watchmaking since 1868. Portuguese Perpetual Calendar. Ref.182 words
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Advertisement21 2010-11-18 1 China, Singapore seen as top markets over the next year, Page 2 Editorial: EU’s fog of uncertainty not tenable, Page 2221 words
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TOP STORIES
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Article, Illustration337 2010-11-18 2 TEH SHI NING - Indonesia is third with 13% of firms polled seeing the best prospects there By TEH SHI NING [SINGAPORE] Local and foreign firms here say China and Singapore are their two top markets for the next 12 months. Of the 166BT FILE PHOTO - 337 words
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Article590 2010-11-18 2 Singapore Q4 growth may hit 10.8%: poll SINGAPORE’S economy may grow up to 10.8 per cent in the fourth quarter, according to the latest BT-UniSIM Business Climate Survey. The quarterly poll of firms’ sales, orders and profit performance and business prospects for the next six months has produced590 words
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Article, Illustration592 2010-11-18 4 CONRAD TAN - It will distinguish Switzerland as better capitalised, well equipped By CONRAD TAN [SINGAPORE] Switzerland’s proposal to force its biggest banks to hold more capital than required under Basel III could be a boon for the banks in the long run, says a topAFP - 592 words
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502 2010-11-18 5 RONNIE LIM - EDB puts out tender for comparison with firms in countries such as S Korea By RONNIE LIM [SINGAPORE] Singapore is carrying out an in-depth study to see how it can further boost the competitiveness and productivity of the marine and offshore industry502 words
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631 2010-11-18 5 NEIL BEHRMANN - QE2 expectations caused surge in risk appetite and demand for risk assets By NEIL BEHRMANN WILDLY bullish global fund managers proved to be a contrary indicator just prior the current market slide. Between Nov 5 and Nov 11, Bank of America Merrill Lynch surveyed631 words
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404 2010-11-18 5 WEI GU - &SS* REUTERS BREAKINGVIEWS ••••v.'-.* By WEI GU WORRIED about the biggest price increases in over two years, China’s local governments have come up with price caps on some vegetables to control inflation. But China and price controls have an unhappy history. Such404 words
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Page 2 Advertisements
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Advertisement317 2010-11-18 2 ©yr 1 n®w 60 mm mi $3253 s (U.P. $850) Bundle offer comes with 1 x Hot Cold Floor Standing Dispenser 1 x Hot Room Table-Top Dispenser 10 x 19L bottles! A* T C apply •Promotion valid until 31 Dec 2010 Singapore's favourite Mineral Distilled Water' survey conducted by The317 words
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Advertisement236 2010-11-18 3 sky orchard I n e boulevard r La 1 u AN ARTICULATION OF SPACE. A MASTER'S TOUCH. Pritzker Architecture Prize Laureate Fumihiko Maki's vision for Skyline Orchard Boulevard is simple, yet profound. Interior spaces are carefully articulated to awaken your imagination while every exquisite detail is meticulously planned to evoke236 words
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Page 4 Advertisements
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Advertisement924 2010-11-18 4 BSAT3 NOTICES SAMPOERNA PACKAGING ASIA PTE. LTD. COMPANY REGISTRATION NO. *****5254D (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT ONE RAFFLES QUAY, NORTH TOWER, LEVEL 18 SINGAPORE *****3 ON THE924 words
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Page 4 Miscellaneous
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Miscellaneous155 2010-11-18 4 Wu Guanzhong I sgd 120,000. -180,000. Chinese ink and watercolor on paper I 44 x 47 cm Fang Lijun I sgd 200,000. 320,000. oil on canvas I 80 x 109 cm Lin Feng Mian 1 sgd 300,000. 400,000. Chinese ink on paper I 67 x 69 cm 1 I Nyoman155 words
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Page 5 Advertisements
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Advertisement31 2010-11-18 5 70x70 vintage silk scarf Belt in silver metal WINDOW SHOPPING FOR CHRISTMAS Liat Towers Tel. 6738 9807 Takashimaya Tel. 6735 5228 The Shoppes at Marina Bay Sands Tel. 6688 7111 Hermes.com31 words
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Advertisement9 2010-11-18 5 Government ready to act on rising prices, Page 159 words
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COMPANY NEWS
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742 2010-11-18 6 JAMIE LEE - Instinet plans to link up with competitors to boost access; has already inked deals By JAMIE JAMIE LEE INSTINET, the parent of dark pool operator Chi-X Global, has plans to link up with several competing dark pools to boost access for clients, increasing742 words
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376 2010-11-18 6 ALEC ALMAZAN - By ALEC ALMAZAN A PHILIPPINE court has rejected an appeal by Keppel Cebu Shipyard against an order to pay 329.74 million pesos (S$9.7 million) to the insurer of Superferry 3, a passenger vessel gutted by fire while being rebuilt at Keppel Cebu’s376 words
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567 2010-11-18 7 TEH SHI NING - Indicators show no evidence of one but some conditions for a bubble are present By TEH SHI NING THERE is no sign of bubbles in Asia’s equity markets just yet, say Citigroup market analysts. “While some markets look a little expensive, a567 words
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287 2010-11-18 7 Reuters [LONDON] Crossbridge Capital, a London wealth manager set up by former Credit Suisse bankers, has joined the chase for Asia’s tycoons and set up a Singapore unit seeking US$1 billion of new assets, its chief executive said. Chief executive Tarek Khlat told ReutersReuters - 287 words
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646 2010-11-18 9 Bloomberg [CANBERRA] ASX Ltd has hired a former adviser to Tony Abbott, Australia’s parliamentary opposition leader, to lobby lawmakers in support of its takeover by Singapore Exchange Ltd (SGX), three people familiar with the situation said. David Gazard will seek to persuadeBloomberg - 646 words
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Article267 2010-11-18 9 Pictet-Absl Rtn Glo Cons-P EUR 12.11.2010 EUR 100,58 Pictet-Absl Rtn Glo Div-P EUR 12.11.2010 EUR 113,23 Pictet-Asian Equities Ex Japan-P USD 12.11.2010 USD 186,99 Pictet-Asian Local Currency Debt-P USD 12.11.2010 USD 138,19 Pictet-Biotech-P USD 15.11.2010 USD 277,77 Pictet-CHF Liquidity-P 12.11.2010 CHF 124,13 Pictet-Clean Energy-P USD 12.11.2010 USD 77,63267 words
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Article, Illustration272 2010-11-18 9 TEH SHI NING - Aims to meet rising demand for banking services as companies expand in Vietnam By TEH SHI NING DBS Bank opened a branch in Ho Chi Minh City yesterday to meet growing commercial demand for “integrated banking solutions and greater market connectivity”. The272 words
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Page 6 Advertisements
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Advertisement224 2010-11-18 6 4 r My Freedom, My Objective, My Dream, MyLife. My life is filled with comfort and joy. As a young professional, I am working towards financial freedom; achieving a quality lifestyle for me and my family. For my husband and me, that starts with owning our first house. My investments224 words
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Advertisement21 2010-11-18 6 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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Page 7 Advertisements
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Advertisement84 2010-11-18 7 CATS Recruit The first step on your ladder to success CLA/AUG06/g As No.l uD vine Massage fit for a King w The world's 1st Human-3D Massage Chair Enjoy the best of OSIM uDivine's Lifestyle Massage Programmes designed by Japanese Master, Sato Tsuyoshi. Andy Lau International Artiste V r J Introductory84 words
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Page 8 Advertisements
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Advertisement794 2010-11-18 8 MEWAH INTERNATIONAL INC. (Company Registration Number: CR-*****5) (Incorporated with limited liability in the Cayman Islands on April 18, 2006) Initial Public Offer is Now Open! SubscribeNOW! Global Brands, Local Favourites An integrated agri-business group focused on edible oils and fats Mewah has been in operation since the 1950s. One of794 words
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Page 9 Advertisements
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Advertisement289 2010-11-18 9 See the world of ETFs through our eyes. iShares* Keep evolving iShares, the world's leading ETF provider, now offers four convenient ways to access global markets from Singapore. iShares S&P 500 Index Fund (117) iShares MSCI Singapore Index Fund (119) iShares MSCI India (198) iShares MSCI Dow Jones U.S. Technology289 words
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SINGAPORE NEWS
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Article, Illustration586 2010-11-18 10 KAREN NG - It is being primed to be Dutch paints and coatings maker’s regional hub By KAREN NG IF AkzoNobel is already big in the Asia-Pacific and other emerging markets, the Dutch paints and coatings maker is aiming to be much bigger586 words
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259 2010-11-18 10 UBS Global Asset Management Fund Services plans to set up two new offices in Hong Kong and Singapore by early next year. A full-service administration centre will be set up in Singapore, where UBS Global Asset Management already has an operational presence. A259 words
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Article, Illustration376 2010-11-18 10 ARTHUR LEE - By ARTHUR LEE SERANGOON Gardens is best known for its Chomp Chomp food centre, a favourite with many local foodies. Less well-known is that it is home to a high number of banks, the latest being Citibank which joins the current five banksARTHUR LEE - 376 words
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Page 10 Advertisements
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Advertisement264 2010-11-18 10 AMA American Management Association Enabling People to Develop and Execute Global Strategy V J 1 About AMA AMA is a world leader in leadership and management development, advancing the competence of individuals and teams to drive business success. Organizations worldwide, including the majority of the Fortune 500, turn to AMA264 words
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Advertisement110 2010-11-18 10 Fancy Light Oransy Pink Diamond Rins SCD 495,000. 660,000. '"SINGAPORE V Impressive Diamond Necklace SCD 230,000. 250,000. or 5® Fancy Color Diamond Ring SCD 280,000. 320,000. I' 2 "W 4% b 4 7 L 5® am I Vtk J 0 Audemars Pisuet SCP Commemorative Royal Oak Offshore Chronograph SCD 40,000.110 words
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Advertisement7 2010-11-18 11 The Business Times, Thursday, November 18, 20107 words
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Advertisement938 2010-11-18 12 9 11 113/J X IS M 5 ■V 4 Vi if m? n °vita It f "ovita ,j.<f Li* I V: > m i* T > "vr KRA SMR 5MR KETI C€ <£> LISTED I>KIP0 {^M/i 1/VAJZJs, OUR BODY IS ALKALINE BY DESIGN ACIDIC BY FUNCTION A healthy body is938 words
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ECONOMY WATCH
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Article, Illustration681 2010-11-18 13 They argue that it’s necessary to shore up the fragile recovery Reuters [MONTGOMERY, Alabama] US Federal Reserve officials on Tuesday fought back against a stream of criticism over its US$600 billion economic stimulus, arguing that it was necessary to shore up the fragile recovery.Reuters - 681 words
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Article, Illustration548 2010-11-18 13 Reuters [SYDNEY] Australian wages rose by the most in almost two years last quarter, likely only the start of an acceleration in pay deals that will add to upward pressure on inflation and interest rates. The government’s measure of total hourly pay excludingReuters; REUTERS - 548 words
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470 2010-11-18 13 The yen depreciated to 83.59 per US dollar on Tuesday Bloomberg [TOKYO] Japan’s benchmark bonds fell, pushing yields toward a two-month high, as the yen’s drop to near the weakest in six weeks improved the earnings outlook for the nation’sBloomberg - 470 words
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461 2010-11-18 13 AFP [PARIS] Dozens of nations gathered in Paris yesterday to decide catch quotas for Atlantic bluefin tuna, a high-ly-prized luxury food consumed raw in Japan as sashimi or sushi. The 10-day meeting of the International Commission for the Conservation of Atlantic Tunas (ICCAT)AFP - 461 words
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489 2010-11-18 13 Candidate was a ‘deficit hawk’ in Clinton Treasury Reuters [WASHINGTON] US President Barack Obama on Tuesday interviewed investment banker Roger Altman, a former Treasury official, as a candidate to replace departing economic adviser Larry Summers, a White House official said. Mr Altman, 64,Reuters - 489 words
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Advertisement22 2010-11-18 13 The greatest luxury in life is time. Savour every second. BREITLING for BENTLEY WWW.BREITLINGFORBENTLEY.COM K ft hi BENTLEY MOTORS CHRONOGRAPH SGD 14,637.60*22 words
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MALAYSIA/INDONESIA
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727 2010-11-18 14 Bakrie is the first major Indonesian business to tap the UK equity market Bloomberg [JAKARTA] Nathaniel Rothschild’s US$3 billion deal to list Indonesia’s largest coal miner in London marries a centuries-old British banking dynasty and a familyowned commodity trader started in SumatraBloomberg - 727 words
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346 2010-11-18 14 Reuters [BRUSSELS] Indonesia and Malaysia warned on Tuesday that new European rules to ensure the sustainability of biofuels might hamper their exports of palm oil and breach rules on free trade. But they stopped short of threatening action at the World TradeReuters - 346 words
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Advertisement6 2010-11-18 14 SINGAPORE INDONESIA MALAYSIA THAILAND HONG KONG6 words
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Advertisement170 2010-11-18 14 L/iOSEA2010 V J The 18tti International Oil Gas Industry Exhibition Centerence SINCE 1976 www.osea-asia.com 30 Nov 3 Dec 2010 Suntec Singapore Exhibition Opening Hours: 10.30am 6.00pm <-d 22,000 Oil Gas Professionals will be here. Will you? Level 3 Conference and Press Registrations Level 4 VIP, Special Guest Pre-registered Visitors Level170 words
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Advertisement39 2010-11-18 14 tabla! THE HEARTBEAT OF THE "'MUNITY I P > LBW? Impact of many changes for IPL 2011 may rob it of some shine CHINESE BROTHERS MASTER THE TABLAli SITAR GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)39 words
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GREATER CHINA
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Article, Illustration545 2010-11-18 15 Inflation rate hits two-year high in October amid surge in food prices AFP [BEIJING] China said yesterday it was prepared to intervene to curb spiralling prices as it unveiled a range of steps aimed at easing growing public fears about inflation. The governmentAFP - 545 words
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220 2010-11-18 15 Bloomberg [HONG KONG] The government of China’s southern city of Guangzhou is seeking to sell a 20 per cent stake in Bank of Guangzhou to a foreign investor for as much as US$850 million, a person with knowledge of the matter said. BankBloomberg - 220 words
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Page 15 Advertisements
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Advertisement18 2010-11-18 15 Looking for an Executive Coach to help you achieve your goals objectives? MindModel Lab www.davechong.com Tel: 6333 877718 words
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Advertisement1120 2010-11-18 15 CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD Incorporated in Republic of Singapore Company Registration No.: *****3293Z NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of China Aviation Oil (Singapore) Corporation Ltd (the “Company”) will be held at Suntec Singapore International Convention and Exhibition Centre,1,120 words
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Advertisement145 2010-11-18 15 And twice as many eyes. More than 1,000 brokers in 50 branches and 60 research analysts across 5 countries, in fact. So what, you ask. So that's more analysts researching the best possible investment opportunities and making expert predictions based on that research (considered the most detailed in the industry).145 words
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INDIA
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Article, Illustration536 2010-11-18 16 Industry is in crisis after a backlash against alleged abusive practices AFP [NEW DELHI] The head of India’s biggest microfinance lender has condemned “rogue” elements in the crisis-hit industry, saying that they needed to be stamped out by tighter regulation. The US$6.7 billion microfinance industryAFP - 536 words
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606 2010-11-18 16 Bloomberg [NEW DELHI] Wal-Mart Stores Inc, the world’s biggest retailer, and Alcatel-Lucent SA urged India’s government to pull its 828 million people out of poverty to sustain consumer demand and boost economic growth. India’s impoverished population is so vast that it should beBloomberg - 606 words
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Page 16 Advertisements
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Advertisement461 2010-11-18 16 TOSHIBA Leading Innovation »> years of, Notebook Innovations Quality P Windows®. Life without Walls™. Toshiba recommends Windows 7. R700 LIGHTNING-FAST BRAIN SUPER-SLIM BODY. FULL SPEC. WEBB) ttiumS k NOW THAT'S SMART. Super-slim 1.9cm thin full-feature notebook with 512GB Solid State Drive powered by the smart Intel® Core™ i7 processor, complete461 words
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ASIA-PACIFIC/WORLD
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Article, Illustration521 2010-11-18 17 Plan is aimed at saving 2.4b Swiss francs a year beginning in 2012 Bloomberg [GENEVA] Roche Holding AG, the world’s biggest maker of cancer drugs, will cut 4,800 jobs as part of a cost-reduction programme aimed at saving 2.4 billion Swiss francsBloomberg; REUTERS - 521 words
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258 2010-11-18 17 AFP [SEOUL] South Korea’s richest man Lee Kun-Hee said yesterday that he would promote his only son to president of Samsung Electronics in a year-end reshuffle of personnel. After arriving at Seoul’s Gimpo Airport from attending the Asian Games in China, Mr LeeAFP - 258 words
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426 2010-11-18 17 But he does not say if he is planning to run for a 2nd term AFP [PARIS] French President Nicolas Sarkozy set out his conservative agenda in a primetime television interview following his Cabinet reshuffle, but did not say if he would run forAFP - 426 words
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337 2010-11-18 17 Reuters [LONDON] Reducing the role of the state and freeing up market forces won’t necessarily produce a successful economy, the European Bank for Reconstruction and Development (EBRD) said yesterday. Set up to help former communist economies adjust to free markets, the development bankReuters - 337 words
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Article, Illustration493 2010-11-18 19 AFP [HONG KONG] Asian for-tune-tellers are divining mixed blessings for Britain’s Prince William and fiancee Kate Middleton, with the gloomier oracles warning of affairs, divorce and trouble having children. Arun Kumar Bansal, president of the All India Federation of Astrologers’ Societies, sawAFP - 493 words
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405 2010-11-18 19 Offer can rake in US$22.4b if it raises shares sold to 478m on strong interest AFP [NEW YORK] General Motors yesterday announced a hike in the number of shares in its stock listing, which puts the US car maker on trackAFP - 405 words
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258 2010-11-18 19 AP [WASHINGTON] An agreement between the US and Russia to slash their nuclear arsenals was in danger of collapse after an influential Republican senator said that it should not be voted on this year. With a terse statement on Tuesday, Jon Kyl dealtAP - 258 words
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Article398 2010-11-18 19 Services will start in some areas by April next year after the 19.9b baht auction Reuters [BANGKOK] Thailand’s state-owned TOT plc plans a 19.9 billion baht (S$866.7 million) third-gen-eration wireless spectrum auction in December to speed the country’s long-delayed entry into the 3G era.Reuters - 398 words
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Page 17 Advertisements
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Advertisement129 2010-11-18 17 Its impeccable and subtle styling is a testament of your refined taste. It welcomes you into the Bentley world of handcraftsmanship where magnificent comfort meets sheer exhilaration with its breathtaking performance. Created to keep you exclusively in command, the Continental Flying Spur quietly ensures effortless control and finesse with an129 words
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WORLD
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613 2010-11-18 18 Gain is less than forecast; core rate is unchanged for 3rd straight month LATEST US DATA Bloomberg [NEW YORK] The cost of living in the US rose less than forecast in October, indicating higher prices for commodities such as fuel aren’t filtering through intoBloomberg - 613 words
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Article, Illustration531 2010-11-18 18 Reuters [MADRID] Spain’s economy stagnated in the third quarter, pulled back by a weak construction sector and consumers resigned to austerity measures, which could leave it struggling for any serious momentum for years. A growth rate of zero per cent on a quarterly basisReuters; BLOOMBERG - 531 words
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Article, Illustration391 2010-11-18 18 Reuters [ROME] Italian Prime Minister Silvio Berlusconi’s approval rating has hit a new low, a survey showed yesterday, as he prepares for a confidence vote in parliament next month which could lead to early elections. An IPR opinion poll posted on the websiteReuters; AFP - 391 words
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539 2010-11-18 18 Some countries and analysts say FTAs distract global effort Reuters [GENEVA] A flurry of calls for free trade pacts at last week’s G-20 and Apec summits suggests participants are hedging their bets on the long-running global Doha talks. Both the G-20 rich andReuters - 539 words
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Article, Illustration565 2010-11-18 20 Unfinished airport terminal embodies challenge of doing business in country Reuters [MANILA] Investors gathering at a Manila hotel this week to hear the Philippine president pitch for US$17 billion of infrastructure projects can look out of the window directly at a symbolReuters - 565 words
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448 2010-11-18 20 Even a Tobin-style tax is under consideration but no plans to impose any of them soon Reuters [BANGKOK] Thailand will study the use of levies such as a Tobin-style tax on international transactions to control inflows of global capital, but there was noReuters - 448 words
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507 2010-11-18 20 More investment is likely to flow into impoverished nation AFP [SINGAPORE] The release of democracy icon Aung San Suu Kyi could pay off economically for Myanmar’s junta even though Western nations are unlikely to ease trade and other sanctions soon, analysts said.AFP - 507 words
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534 2010-11-18 21 Demand is set to outstrip supply by 2011 as China cuts exports: analysts AFP [SYDNEY] Global demand for the increasingly important “rare earth” minerals that power a range of digital products could outstrip supply by next year as dominant producer China slashes exports, analystsAFP - 534 words
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Article, Illustration454 2010-11-18 21 London gem dealer makes highest bid ever for a jewel at an auction, says Sotheby’s AP [GENEVA] A rare pink diamond smashed the world record for a jewel at auction on Tuesday, selling for more than US$46 million to a well-known gemAP - 454 words
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Advertisement348 2010-11-18 18 Financial reporting update Seminar 2010 Tuesday, 30 November 2010 8:30 a.m. 5:00 p.m. Venue Level 4, Collyer Room 80 Bras Basah Road Singapore *****0 Registration closes on Friday, 26 November 2010 Registration/Enquiries Karin Fong Tel: +65 6309 6954 Fax: +65 6532 7662 Email: karin.fong@sg.ey.com Address: Ernst Young LLP Finance department348 words
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Advertisement178 2010-11-18 19 THE LONDON VIEW w £#5 dp' 4 Hi*;?: *r, i» ahr v- :^\-i •-< 1 Ei *i&-w£ r~ V racS .r 1 m ia* IV -%m MMawp l ,> P t-',-M THE TOWER ONE ST. GEORGE WHARF *r*£: TjC*!!*! <C*. KfL/ij' riv^r" -fe«^ m-em Bk_ 2 m 1 -T^mi it178 words
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Advertisement177 2010-11-18 20 There Are Some Things-In-Lit For Which You Your health is clearly one of them, and 60 medical specialists, ensuring you Never Compromise That's why Paragon Medical is home to a total of over .to stay in perfect health. MEDICAL SERVICES: Aesthetics/Cosmetic Surgery Anaesthesiology Anti-aging Cardiology Day Surgery Centre Dentistry/Orthodontics Dermatology177 words
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Advertisement832 2010-11-18 21 WAT-3 NOTICES FOREMOST LINE PTE LTD Registration No.: *****5953K (Incorporated in Singapore) LOST SHARE CERTIFICATE NOTICE IS HEREBY GIVEN THAT the following share certificate has been reported lost: Name of Shareholder Certificate No. No. of Shares Chris Thio 013 20,000 NOTICE IS ALSO HEREBY GIVEN THAT new share certificate will832 words
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Advertisement95 2010-11-18 21 o MILUS SWISS MADE SINCE 1919 IMAGINE, CREATE MOVE O ii r TRI -< RETROGRADE TIRION MILUS -THE PLAYFUL SPIRIT OFTIME m tr www.cortinawatch.com CORTINA WATCH ESPACE: SINGAPORE I MILLENIA WALK T: 65-6339 1728 I MALAYSIA I STARHILL GALLERY T: 603-2142 1171 THAILAND I ERAWAN BANGKOK T: 66-2250 7999 CORTINA95 words
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EDITORIAL & OPINION
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479 2010-11-18 22 EDITORIAL JUST as markets were thinking that the worst of the eurozone’s sovereign debt crisis had passed, along came a flare-up of financial woes in Ireland. Last week, the yields on two-year Irish government bonds spiked to levels well above even those attained at479 words
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Article, Illustration803 2010-11-18 22 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent SOME years ago, while moderating an Asian Development Bank seminar in Hawaii on the subject of globalisation, I suggested, in a paper I had been asked to present, that globalisation was a purely “economic phenomenon”803 words
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Article, Illustration1170 2010-11-18 22 THEMIN SUWARDY - IFRS for SMEs will lead to benefits such as better access to capital, improved transparency By THEMIN SUWARDY The writer is associate professor of accounting (practice) and associate dean (curriculum and teaching) at the School of Accountancy of the Singapore Management University. HeST FILE PHOTO - 1,170 words
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Article, Illustration1615 2010-11-18 23 LEON HADAR - President Barack Obama has his work cut out to devise a strategy that would deal with global economic challenges LEON HADAR Washington Correspondent USPRESIDENTBarack Obama returned this week to Washington from a 10-day trip to Asia, an excursion that involved several geo-strategic and geo-economicAFP - 1,615 words
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Article, Illustration940 2010-11-18 23 THOMAS FRIEDMAN - THOMAS FRIEDMAN NYT ON NOV 4, Anderson Cooper did the country a favour. He deconstructed on his CNN show the bogus rumour that President Barack Obama’s trip to Asia would cost US$200 million a day. This was an important “story”. It underscored just howNYT; AFP - 940 words
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AVIATION
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Article, Illustration762 2010-11-18 24 Extra attention has focused on Qantas since the Nov 4 A380 incident AP [SYDNEY] A bird and a bolt of lightning were the latest problems to strike Qantas, the airline said yesterday, causing the fourth flight turnaround since an engine blowout onAP; REUTERS - 762 words
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Article3193 2010-11-18 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Amsterdam LO4031 0605 KL836 0115 SQ3233,193 words
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208 2010-11-18 24 AFP [NEW DELHI] A sleepy pilot who approached the runway at the wrong angle and ignored warning signs was to blame for a passenger plane crash in southern India in May that claimed 158 lives, reports said yesterday. A Court of Inquiry probeAFP - 208 words
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871 2010-11-18 24 Bloomberg [ATLANTA] Tension at US airports between security and privacy may peak Nov 24, one of the year’s busiest travel days, with a protest over growing use of full-body X-rays and of extensive pat-downs for those who reject the scans. ThatBloomberg - 871 words
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4115 2010-11-18 25 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.4,115 words
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Page 24 Miscellaneous
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Miscellaneous351 2010-11-18 24 CRYPTIC CROSSWORD Across 1 Despot in a terrible land the other side of the world (9) 6 Some mess often swirling around in ditch (5) 9 Information from computer that could be dear (4-3) 10 Hunted animal trapped by senior person with a lot of experience (3,6) 11 Hoodlum not351 words
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Page 25 Advertisements
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Advertisement27 2010-11-18 25 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES27 words
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SHIPPING
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720 2010-11-18 26 Long-term goal is to up capacity by 50%, keep fleet’s age low Bloomberg [COPENHAGEN] Maersk Drilling, which has the sec-ond-youngest fleet of oil rigs, aims to order a new one every six months as rental rates rise and competitors buy each other orBloomberg - 720 words
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Article, Illustration525 2010-11-18 26 Brokerage Poten says rates to hover slightly below historical averages Reuters [LONDON] Chinese and Indian crude oil buyers will drive activity on larger tankers in the coming months and rates are expected to hover slightly below historical averages, leading brokerage Poten PartnersReuters; REUTERS - 525 words
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Article, Illustration281 2010-11-18 26 AP [COPENHAGEN] A fire on the car deck of a passenger ferry with 600 people on board set Scandinavian rescue authorities on high alert yesterday, but the ship’s operator said that the situation was under control and no evacuations were needed. The Pearl of ScandinaviaAP - 281 words
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Article278 2010-11-18 26 SGX '000 Nov 16 S$ +/-Vol CH Offshore 0.51 -0.01 1186 Chuan Hup Hldg 0.23 -0.01 50 Cosco Corp 2.09 unch ***** CWT Ltd 0.94 -0.02 1657 Ezra Hldgs 1.74 0.01 6168 First Ship Lea 0.44 -0.01 509 Freight Links 0.09 unch 4817 Grand Banks 0.45 unch 40278 words
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Article, Illustration555 2010-11-18 27 Oversupply, slower Chinese imports will pressure market next year: Citigroup Reuters [LONDON] Expectations of slower Chinese commodity imports and fleet growth will keep the dry bulk market under pressure next year, while sluggish demand will weigh on the tanker sector, Citigroup’s head of shippingReuters; BLOOMBERG - 555 words
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Article9636 2010-11-18 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ APS Alpha Fund (USD)!** 1/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,636 words
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258 2010-11-18 27 AP [MIAMI] Carnival Corp says that the fire aboard one of its cruise ships last week will reduce fourth-quarter earnings per share by one-fifth and knock the boat out of service for two months. The company said on Tuesday that theAP - 258 words
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Page 26 Advertisements
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Advertisement27 2010-11-18 26 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132727 words
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Advertisement15 2010-11-18 26 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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FINANCE & COMMODITIES
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374 2010-11-18 28 In local curr In S$ In US$ dy yr dy yr dy yr Nov 16 Index Change Change Change Change Change Change World Index Preliminary 854.7 -1.6 2.7 -1.9 -3.8 -1.9 3.7 EAFE Preliminary 779.3 -1.5 -0.7 -2.0 -6.2 -2.0 1.1 Europe Preliminary 1140.5 -2.1374 words
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Article179 2010-11-18 28 Nov 16 $S Offer Bid 0vernight 0.03 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.33 0.23 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12179 words
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Article22 2010-11-18 28 Nov 16 S$ Bid Offer 1-month 1.2984 1.2989 2-months 1.2983 1.2989 3-months 1.2984 1.2989 6-months 1.2983 1.2988 Source: OCBC22 words
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Article66 2010-11-18 28 Nov 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3370 3371 3402 3271 304 3443 Jan 11 3350 3370 3403 3267 5714 ***** Feb 11 3351 3365 3399 3260 ***** ***** Mar 11 3351 335566 words
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Article135 2010-11-18 28 Nov 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 434.8 427.0 427.0 44 Jan 11 427.0 Feb 11 433.0 426.0 426.0 19 Mar 11 426.0 Apr 11 430.0 430.0 430.0 10 May 11 430.0 430.0 430.0135 words
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Article90 2010-11-18 28 Nov 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 17.02.2011 0.29 0.29 0.25 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.68 103.75 103.63 5-Year N*****0S 2.875 01.07.2015 107.2290 words
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Article107 2010-11-18 28 Nov 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1219.75 1286.50 1289.75 1216.50 Mar 11 1227.00 1293.75 1296.00 1223.75 May 11 1224.75 1290.25 1293.00 1220.25 Jul 11 1224.25 1290.50 1294.00 1220.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 49.97107 words
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Article77 2010-11-18 28 CRUDE OIL PRODUCTS Nov 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.15 -1.53 WTI (Near Mth) 82.21 -2.34 Dubai (1-Mth F) 83.66 -0.84 Tapis blend 89.85 -1.10 Minas 85.45 -1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.56 -0.77 Jet Kerosene 98.10 -1.10 US$/barrel Opec Oil77 words
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2379 2010-11-18 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 883 1 3 -8 2.40 1 6221 Asia-Pacific Strategic W*****6 37.5 -0.5 23 1 150 16 4.32 42 6227 ASJ Hldgs W*****1 3.52,379 words
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Article121 2010-11-18 28 Nov 16 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.252 Can dollar 1.315 1.265 Euro 1.804 1.735 Sterling pound 2.133 2.051 NZ dollar 1.036 0.987 US dollar 1.326 1.275 Local dollars to 100 units of foreign121 words
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Article23 2010-11-18 28 Nov 17 Open High Sett STI Nov SIMSCI Nov Taiwan Nov 294 294.7 294.0 Source: MF Global (S) Pte. Ltd23 words
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Article415 2010-11-18 28 Nov 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6775 0 9461 Mar11 99.5850 0 2213 Jun11 99.4750 0 2724 Sep11 99.3600 0 1618 EUROYEN TIBOR FUTURES Dec10 99.6600 32 4448 Mar11 99.6600 0 1475 Jun11 99.6600 99.6600 99.6600 99.6600 0 1637 Sep11 99.6600 99.6600415 words
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Article464 2010-11-18 28 Nov 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 6.524 0.723 7.622 44.510 88.008 0.817 11.099 3.081 1.270 83.849 42.905 1.277 6.865 0.967 29.786 29.378 0.613 0.983 Canada 1.007 6.572464 words
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Article85 2010-11-18 28 Nov 16 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article139 2010-11-18 28 Nov 17 GOLD (US$/oz) Nov 17 Nov 16 Hong Kong 1334.00 1360.80 Nov 16 Nov 15 London 1341.50 1371.85 1342.00 1372.35 Source: Thomson Reuters CAST BAR Nov 16 (S$) Selling Buying Kilobar "61,415.86" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 57 5gm 391 286 10gm 698139 words
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Article71 2010-11-18 28 Nov 16 Nov 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2214.75 2375.25 3 months 2242.00 2400.00 Copper, Grade A (US$/tonne) Cash 8167.50 8670.00 3 months 8150.00 8645.00 Lead (US$/tonne) Cash 2230.50 2430.00 3 months 2256.00 2455.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article81 2010-11-18 28 Nov 16 COCOA (£/tonne) Close Prev High/Low Dec 10 1840 1837 1845/1825 Mar 11 1861 1858 1864/1845 May 11 1879 1875 1881/1864 Jul 11 1897 1892 1898/1883 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1850 1909 1883/1850 Jan 11 1856 1902 1922/1848 Mar 11 1868 1902 1925/1863 May 1181 words
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Article154 2010-11-18 28 Nov 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2763 1.2769 0.9830 0.9831 Canadian dollar 1.2854 1.2868 0.9900 0.9907 Euro 1.7660 1.7670 1.3601 1.3604 NZ dollar 1.0047 1.0057 0.7738 0.7743 Sterling pound 2.0824 2.0836 1.6038 1.6041154 words
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BizIT
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Article, Illustration670 2010-11-18 29 RAJU CHELLAM - Up to 200,000 NUS alumni access their e-mail on a cloud-based service By RAJU CHELLAM THE education sector seems to be steering towards cloud computing faster than other sectors. The National University of Singapore (NUS) is the latest major educational institution in670 words
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Article, Illustration950 2010-11-18 29 VICTORIA HO - Peter Tippett recounts his career combining science with IT to fight PC viruses. By VICTORIA HO <the bizIT interview> By VICTORIA HO WATCHING the exponential growth of viruses on a Petri dish is no different from watching their virtual cousins grow on a disk, for Peter Tippett. The950 words
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Article, Illustration1032 2010-11-18 29 AMIT ROY CHOUDHURY - Survey shows that regulatory issues hinder adoption, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY DESPITEallthehype,Singaporecompanieshavenot yet embraced the cloud to the extent vendors would like them to. According to a global survey, cloud computing services are gaining little traction in the Republic, with1,032 words
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604 2010-11-18 29 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY SURFING the Internet is increasingly becoming more dangerous. A new report notes that gone are the days of predictable virus attacks which a set of simple protections could thwart. Instead, modern blended Web threats with names as exotic604 words
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PROPERTY
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660 2010-11-18 30 Beijing is shifting its focus to inflation control, adds Citigroup report Bloomberg [SHANGHAI] China is unlikely to introduce further property-specific measures as the government shifts its policy focus to controlling inflation, Citigroup Inc said in a report yesterday. Policy headwinds should relax slightly inBloomberg - 660 words
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1464 2010-11-18 30 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 25/10/2010 99 1227 2087 1701 Marina Bay Residences Apt1,464 words
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Article, Illustration581 2010-11-18 31 Ponzi maestro Madoff used to have his offices in the Manhattan tower Bloomberg [NEW YORK] The owner of Lipstick Building, the midtown Manhattan tower where Bernard Madoff ran the biggest Ponzi scheme in US history, has filed for bankruptcy with a plan toBloomberg; REUTERS - 581 words
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282 2010-11-18 31 Reuters [MELBOURNE] Australia’s Centro Properties Group has received “encouraging” interest for some of its US$18 billion worth of shopping mall assets up for sale as it seeks to reduce its US$18 billion debt load. “I am pleased to say whilst the competitive processReuters - 282 words
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217 2010-11-18 32 Bloomberg [LONDON] Home prices in the UK will fall about one per cent next year as the government slashes spending, Jones Lang LaSalle Inc said, cutting its previous estimate. Prices in London will gain about 2 per cent, fuelledBloomberg - 217 words
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790 2010-11-18 32 Critics say there is a lack of safety standards in the construction sector NYT [BEIJING] A day after a devastating fire gutted a 28-sto-rey Shanghai apartment tower, China faced angry questions on Tuesday about whether this nation’s breakneck construction boom had sown theNYT - 790 words
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Advertisement298 2010-11-18 30 s i n a r a n n 'N MS v" I-It* City Living in the future Medical Holistic Hub Iconic 36-storey twin towers Choice of 2 4 bedroom, loft apartments plush penthouses with private pool Premium quality finishes fittings in all apartments Full condo facilities with sky gym, spa298 words
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Page 31 Advertisements
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Advertisement455 2010-11-18 31 Prime Perth CBD investment opportunity new 5 year lease and 8% net return FOR SALE Suite 1, 464 Murray Street, Perth, Western Australia Exceptional first floor boutique strata office 354sqm* including balcony 5 secure car bays Prime Perth CBD location 5 year lease to major private company Net income of455 words
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Page 32 Advertisements
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Advertisement150 2010-11-18 32 Collective Sale of SPRING COURT SPRING MANSIONS at Jalan Dusun Balestier Road Cube 8 The Arte ang d Jalan Dusun Vista Residences Queen Margaret University Gallery Fifteen Thomson Road Datoh U 368Thomson Zhong Shan Park Ah Hood Road Raja Value Hotel @Thomson Jalan The Citrine Jalan Balestier Road Freehold land150 words
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Advertisement312 2010-11-18 32 THE WORLD OF LUXURIOUS REAL ESTATE Quillion builds multi million dollars investment property portfolios for people who want to invest in their future LUXURIOUS PENTHOUSES Ardmore Pk Singapore most desirable address, 8,700sf of beautifully designed gracious living spaces and stunning city views and greenery views St Thomas Suites experience the312 words
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