The Business Times, 29 November 2010
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2010-11-29
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The Business Times
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Title Section23 2010-11-29 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, November 29,201023 words
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Article, Illustration622 2010-11-29 1 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Collections for the government’s coffers have been greater than expected and Finance Minister Tharman Shanmugaratnam is likely to offer at least some goodies when he presents the Budget early next year. “Government revenues have been higher than projected,CAROLINE CHIA/THE STRAITS TIMES - 622 words
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Article, Illustration759 2010-11-29 1 Beijing suggests emergency talks while Pyongyang deploys missiles; Asian markets may take a hit Reuters Bloomberg [SEOUL] North Korea has placed surface-to-surface missiles on launch pads in the Yellow Sea and threatened to launch a “sea of fire” over SouthReuters; Bloomberg; AP - 759 words
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Article158 2010-11-29 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,158.08 -39.29 KL COMP 1,492.05 -14.00 NIKKEI 225 10,039.56 +17.17 HANG SENG 22,877.25 -728.46 SET INDEX 991.71 -17.06 JAKARTA COMP 3,642.50 -82.55158 words
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Page 1 Advertisements
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Advertisement217 2010-11-29 1 BizIT Challenges that Facebook poses PAGE 29 DINING OUT A Cut above the rest MALAYSIA INSIGHT Leveraging on the benefits of M&As HOCK LOCK SIEW Banking on ‘smart’ outlets PAGE 13 PAGE 22 PAGE Ccir-tier -A Zt60 CARTIER "V V> pc> mm' t 1 V'lu V ROTONDE DE CARTIER JUMPING217 words
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Advertisement8 2010-11-29 1 With additional reporting by Neil Behrmann in London8 words
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TOP STORIES
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Article556 2010-11-29 2 N Korea threatens ‘sea of fire’ as China calms waters NORTH Korea has placed surface-to-surface missiles on launch pads in the Yellow Sea and threatened to launch a “sea of fire” over South Korea’s military drills with US soldiers. As tensions simmered, China stepped in to call for556 words
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Article, Illustration647 2010-11-29 2 LEE U-WEN - Constitutional Court to decide the fate of Mr Abhisit and his party today By LEE U-WEN EVEN as he delivered a more upbeat forecast for his country’s economic growth this year, Thailand Prime Minister Abhisit Vejjajiva’s own political future is hanging precariouslyREUTERS - 647 words
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376 2010-11-29 2 EMILYN YAP - CapitaLand sells 48 units at d’Leedon preview By EMILYN YAP [SINGAPORE] Property developers continued to log sales at their residential projects over the past week. During the weekend, CapitaLand sold 48 units at d’Leedon where Farrer Court used to be for an average price376 words
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Article, Illustration859 2010-11-29 2 ANDREW MARKS - WALL STREET INSIGHT By ANDREW MARKS A SHORT and volatile week in the US stock market, with fears that the financial contagion in the eurozone will soon spread even further, put the big hurt on two of the three major stock market859 words
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Article, Illustration1384 2010-11-29 3 MICHELLE QUAH - Centre for Non-Profit Leadership has matched 84 corporate people to boards of non-profit organisations By MICHELLE QUAH [SINGAPORE] Paul J Petruccelli is someone who would seem, by all accounts, an ideal candidate for the board of a listed company. The well-regarded lawyer was vice-president1,384 words
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Page 2 Advertisements
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Advertisement71 2010-11-29 2 THE WORLD'S PREMIER WATCH AUCTIONEER GO 2 SAT MAY 2 JEK K PHILIP GENEVE O 4 18 15 4 tT SN A O 3 us 35 N n 15 WWW.ANTIQUORUM.COM AUCTIONEERS SINCE 1974 SINGAPORE Valuation Day Monday, 6 Dec. Tuesday, 7 Dec. 10:00am 5:00pm Swissotel The Stamford 2 Stamford Road,71 words
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Advertisement96 2010-11-29 3 SARASIN IJ From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin96 words
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SINGAPORE MARKETS
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Article, Illustration586 2010-11-29 4 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE single biggest feature throughout last week’s action (or lack of it, to be more accurate) was the disappearance of QE2 liquidity. And without the support that plenty of money brings, it wasn’t surprising that the market grew586 words
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553 2010-11-29 4 CURRENCIES Bloomberg [HONG KONG] Asian currencies had their biggest weekly loss in six months as an exchange of artillery fire on the Korean peninsula deterred investment in the region and Europe’s debt crisis bolstered demand for US dollars. The Bloomberg-JPMor-gan AsiaBloomberg - 553 words
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Article606 2010-11-29 4 COMMODITIES Reuters [NEW YORK] Oil and metals closed slightly lower on Friday as US markets drifted after Thursday’s Thanksgiving holiday but cotton tumbled and soybeans also saw steep losses as the US dollar hit a two-month high against the euro. The 19-commodity Reu-ters-Jefferies CRBReuters - 606 words
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Article1483 2010-11-29 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.42 2.80 12 10.81 10.64 1.39 1.15 ARA Asset Mgt 2.25 1.75 4 7.80 18.85 1.55 1.47 Armstrong Ind 1.00 1.00 3 4.90 8.67 0.531,483 words
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Article111 2010-11-29 4 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 3500 204.1 4.6 DBXT DBCBDJUBS 10US$ 3380 176.5 4.1 IS DJ US Tech 6228 176.5 2.2 DBXT FTVietnam 10US$ 3344 121.2 2.8 DBXT MSUSA 10US$ 2869 68.5 1.8 GLD 10US$ ***** 68.5 0.4 DBXT CSI300 10US$ 1082 29.0 2.1 DairyFarm 835 22.4111 words
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Article116 2010-11-29 4 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-857.2 -4.8 JMH 4540-263.4 -4.2 DBXT iBoxxKR 5US$ *****-222.5 -1.4 DBXT MSKorea 10US$ 5286-202.8 -2.8 DBXT MSEurope 10US$ 4323-197.5 -3.4 DBXT FTChina25 10US$ 3137-177.8 -4.1 DBXT SPASX200 10US$ 3182-144.8 -3.3 DBXT E50 10US$ 4008-136.9 -2.5 JSH 2674-108.0 -3.0 Pru 500US$ 920-105.3 -8.0116 words
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Article65 2010-11-29 4 Nov 26 VALUE CLOSE BT OB/OS -1018.00 -45.00 BT CADI -*****.00 -95.00 BT 10-day MA -*****.00-102.00 FTSE ST Mid Cap 785.40 -3.56 FTSE ST Small Cap 568.71 -2.52 FTSE ST All Share 780.46 -0.97 FTSE ST China Top 290.29 -1.45 FTSE ST China 328.24 -0.86 FTSE ST65 words
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Article57 2010-11-29 4 VOLUME Genting SP 608,651,000 Golden Agri 319,431,000 Sapphire 296,390,000 TopGlobal 218,941,000 Gallant 185,243,000 FreightLinks 175,761,000 *Genting HK US$ 150,613,000 MDR 141,834,000 HLH Grp 103,059,000 XinRen 100,036,000 VALUE($) Genting SP 1,216,239,800 UOB 279,853,349 DBS Grp 258,289,897 Wilmar 250,505,330 Keppel Corp 239,001,938 Golden Agri 228,015,997 CapitaLand 201,686,660 SingTel 201,500,88057 words
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COMPANY NEWS
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596 2010-11-29 5 JAMIE LEE - It’s preparing for growing demand for accessories from global car makers By JAMIE LEE AMTEK Engineering expects to double its production capacity in Shanghai within about two years, ramping up for growth as outsourcing orders from global car makers for accessories stream in,596 words
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Article, Illustration710 2010-11-29 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN LAST Monday, Citibank held one of its splashy branch openings at Orchard MRT Station, with the event well attended by the bank’s luminaries and, of course, senior people from SMRT Corp. Citi billed it as its first hightech “smart”ARTHUR LEE - 710 words
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438 2010-11-29 7 HSBC Amanah M’sia CEO also expects an increase in global sukuk issuance Reuters [DUBAI] More Syariah-compliant real estate investment trusts (Reits) will come to market in Asia in early 2011 as cross-regional Islamic investors increasingly embrace the product, HSBC Amanah Malaysia’s new head said.Reuters - 438 words
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Article403 2010-11-29 7 Nov 26 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of403 words
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Article309 2010-11-29 7 COMPANY MEETING PLACE DATE TIME China Hongxing S Meeting Room 206, International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 29-Nov 3.00pm First Reit E Mandarin Ballroom 2, Level 6, Main Tower, Mandarin Orchard Singapore, 333 Orchard Road, Singapore *****7 29-Nov 2.00pm Ezion Hldgs E No.309 words
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Page 5 Advertisements
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Advertisement137 2010-11-29 5 Fly Business Class, and experience 5-Star MH at exceptional value. J*. f r A 23 V ><• FROM SINGAPORE CHINA Shanghai Beijing NORTH ASIA Taipei Seoul Tokyo Osaka SOUTH ASIA New Delhi Bombay Chennai All-inclusive fares AUSTRALIA NEW ZEALAND Melbourne Adeleide Brisbane Sydney Auckland EUROPE Rome Frankfurt Paris Amsterdam London*137 words
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Advertisement60 2010-11-29 5 The art of combining tradition with innovation. LGT combines traditional private banking with state of the art investment advice and solutions: Stable. Reliable. Effective. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com 25 www.lgt.com inAsia Singapore,60 words
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SINGAPORE MARKETS
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1882 2010-11-29 6 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE buying rose and the selling among directors was flat for the second straight week, with 19 companies that recorded 52 purchases worth $8.6 million versus three firms with1,882 words
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Advertisement69 2010-11-29 6 ■•'I Wmm LUXURIOUS CONDOMINIUM SHOWROOM NOW OPEN FOR VIEWING |\Ay XWHPIBE ijk I 70% of SPH Chinese newspapers readers do not read English dailies*. If you are not advertising in SPH Chinese newspapers, your business is missing out on 900,000 potential customers with a variety of needs. To maximise your69 words
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Advertisement135 2010-11-29 7 LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 W: "Fulfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive135 words
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Advertisement206 2010-11-29 7 Nurturing Financial Leaders of Tomorrow The FSDF Finance Scholarship Programme (FSP)* The financial services industry will be re-shaped as we emerge from the crisis. The focus on competency and specialization will be even more pronounced. Given this, grooming the right talent remains a key pillar in Singapore’s development as an206 words
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SINGAPORE NEWS
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854 2010-11-29 8 CHUANG PECK MING - Real GDP per hour and per worker down 5% and 5.6% By CHUANG PECK MING IN a year when productivity in most high-income economies dipped, Singapore's took the biggest dive in both the standard per worker and per hour worked measures.854 words
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392 2010-11-29 8 EMILYN YAP - Oakrun Real Estate Partners is hoping to raise some US$200m By EMILYN YAP A MIAMI-BASED firm is in Asia to attract investments into distressed or near-dis-tressed real estate assets in the US. Oakrun Real Estate Partners (OREP) is hoping to raise some US$200392 words
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155 2010-11-29 8 HOME Affairs and Law Minister K Shanmugam is the only new face in the latest central executive committee of the ruling People’s Action Party. Mr Shanmugam was among the 12 elected to the CEC yesterday at the PAP’s Party Conference held at155 words
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345 2010-11-29 8 EMILYN YAP - By EMILYN YAP ANOTHER 373 Singaporeans caught HIV from January to October, and the number of new cases for the entire year could come close to last year’s 463. The Ministry of Health and Health Promotion Board345 words
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Article923 2010-11-29 8 Payment Ex Books Pay Ann (cts) date close date date Action Asia aw 0.500 18-Nov 22-Nov 01-Dec 08-Nov AIMS AMP Cap Ind Reit ag 0.397 04-Nov 09-Nov 17-Dec 01-Nov Allied Tech aw 0.200 03-Dec 07-Dec 22-Dec 11-Nov Asia Pac Brew ak 52.000 27-Jan 31-Jan 18-Feb 12-Nov Beyonics an923 words
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Page 8 Advertisements
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Advertisement22 2010-11-29 8 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES22 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1079 2010-11-29 9 KAMAL KANT - A career retreat may just be what the doctor ordered for professionals to take a step back and take stock, says KAMAL KANT KAMAL KANT The writer lectures on career matters and will be conducting an SIM Membership Services workshop on Career Retreats in January 2011.STOCK.XCHNG - 1,079 words
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Article, Illustration888 2010-11-29 9 CONNIE HO - The only way to truly understand a whole new different culture is to be part of it, says CONNIE HO CAMPUS LIFE CONNIE HO The writer is a third year Diploma in Marketing student at Nanyang Polytechnic ‘DO NOT go where the path may lead;AP - 888 words
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Page 9 Advertisements
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Advertisement271 2010-11-29 9 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have271 words
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VIEWS FROM THE TOP
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Article, Illustration3766 2010-11-29 10 THIS WEEK’S TOPIC What factors, domestic and global, are most likely to affect economic growth in 2011? How will these affect business in Singapore and the region? Eberhard Wedekind President Volvo CE Region Asia Volvo Group SINGAPORE this year is one of the fastest growing economies in theYEN MENG JIIN - 3,766 words
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Page 11 Advertisements
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Advertisement759 2010-11-29 11 A special feature brought to you by Rely on the specialists Your Mercedes-Benz will be restored to original factory standards in a hassle-free accident repair process at Mercedes-Benz Body Care Repair Center By Cheryl Tay He was preparing for his early Monday morning flight over the weekend when someone bumped759 words
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ECONOMY WATCH
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716 2010-11-29 12 Germany expected to be in driving seat as bloc tackles how to remedy financial ills AFP [PARIS] An eventual restructuring of some eurozone debt and big changes in the European Union and eurozone functions are now seen as probable and even inevitable, analysts say.AFP - 716 words
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Article, Illustration579 2010-11-29 12 It wants pension reforms completed by early next year AFP [MADRID] Spanish Prime Minister Jose Luis Rodriguez Zapatero said last Saturday that his government was ready to “accelerate” economic reforms if necessary, amid deep concerns on the world financial markets. Mr Zapatero addedAFP; AP - 579 words
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Article, Illustration586 2010-11-29 12 Bloomberg [WASHINGTON] Payrolls and manufacturing probably expanded in November as the US recovery showed signs of a pick-up heading into 2011, economists said before reports this week. Employment increased by 145,000 workers this month after a 151,000 gain in October that markedBloomberg; AP - 586 words
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620 2010-11-29 12 Price has doubled from a year ago to US$1.50 per pound AFP [DHAKA] In the home of cheap clothing manufacturing, the record price of cotton is causing havoc for producers and the pain will pass down the chain to buyers in developed countries, analysts say.AFP - 620 words
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440 2010-11-29 12 Reuters [SEOUL] Investors at first shrugged off North Korea’s heaviest shelling of the South since the end of the civil war in 1953 but later sold the won and bonds as tension failed to subside. Foreigners sold a net 70 billionReuters - 440 words
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MALAYSIA
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Article, Illustration686 2010-11-29 13 PAULINE NG - Property firms’ proposed mergers bode well for the country MALAYSIA INSIGHT PAULINE NG KL Correspondent INSTEAD of winding down for the year, corporate Malaysia appears to be awash in a sea of proposed mergers and acquisitions (M&As), especially on the property front. Early this686 words
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Article1973 2010-11-29 13 VOL Nov 26 RM +/-(‘000) A M Realty 0.53 -0.03 43 Abric Bhd 0.34 -0.03 188 Advance Synerg 0.19 -0.01 2130 Adventa Bhd 2.12 -0.05 109 Ae Multi Hldgs 0.31 -0.01 598 Affin Holdings 3.17 unch 159 Ahmad Zaki Res 1.02 -0.03 417 Aic Corp 1.07 -0.03 121,973 words
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Page 13 Advertisements
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Advertisement165 2010-11-29 13 #3hS* r_. «"> mm'MK.i. > 'gMgT »V J, «Sk-srSP&K fNPPs IHIiilPiPiVVHP {Si'lMK^ ents to Martha on 1st floor, The best way through New York traffic is over it. In our helicopter. Q_ 3 O 5 o I OS 3 <D Q Road sign to airport hidden. If you miss it,165 words
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GREATER CHINA
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Article, Illustration587 2010-11-29 14 KMT’s victory in 3 out of 5 key mayoral polls shows backing for Ma’s policy Bloomberg [TAIPEI] Taiwan’s warming ties with China may further improve after the ruling Kuomintang party won the majority in key local elections, an indication voters supportBloomberg; AP - 587 words
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318 2010-11-29 14 Influx of speculative capital accounts for big chunk of surge AFP [BEIJING] China’s foreign currency inflows increased by 79 per cent in October over September to 519 billion yuan (US$77.6 billion or S$101 billion), according to figures released by the central bank onAFP - 318 words
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Article, Illustration318 2010-11-29 14 Bloomberg [LONDON] Stanley Ho, a Macau billionaire, paid the top price in an international white truffle auction that raised a total of US$417,200. The highest bid during Saturday’s sale, held simultaneously in London, Rome and Macau, was US$330,000 for two pieces of theBloomberg; REUTERS - 318 words
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798 2010-11-29 14 Xinhua [CHENGDU] He has been in Shenyang, capital of north-east China’s Liaoning Province, for eight years, where he worked his way up from a deliveryman too poor to buy a cotton overcoat to the owner of a large shoe store. But 28-year-old Huang Zhixiong wasXinhua - 798 words
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Page 14 Advertisements
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Advertisement728 2010-11-29 14 Win a pair of air tickets to KL Kuantan Log on to II raveuers.cjm the ultimate travel resource k>tj SPH Sponsored By: firefly MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SCHRODER INVESTMENTS (SINGAPORE) PTE. LTD. (IN728 words
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INDIA
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362 2010-11-29 15 Govt examining regulator’s proposal to revoke licences of errant firms: report Reuters [NEW DELHI] India’s telecoms ministry is likely to announce as early as today action against telecoms firms which violated rules, The Times of India said. The paper said the government wasReuters - 362 words
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Article, Illustration321 2010-11-29 15 Marks Spencer Reliance plans 50 more stores Bloomberg [NEW DELHI] Marks Spencer Reliance India Pvt, the joint venture between Marks Spencer Group plc and Reliance Industries Ltd, plans to open a further 50 stores in India as rising salaries and growing consumer demand make it a priority market for theBloomberg; AP - 321 words
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756 2010-11-29 15 NYT [NEW YORK] Yoga is practised by about 15 million people in the United States, for reasons almost as numerous from the physical benefits mapped in brain scans to the less tangible rewards that New Age journals call spiritual centring. Religion, forNYT - 756 words
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220 2010-11-29 15 AFP [NEW DELHI] Italian sports car maker Ferrari is to launch in India within six months, the Times of India reported yesterday, as global luxury brands increasingly focus on the country as an essential market. Porsche, Lamborghini and Bugatti are already inAFP - 220 words
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228 2010-11-29 15 AFP [NEW DELHI] India yesterday gave environmental clearance for a nuclear power plant to be built in collaboration with French firm Areva, days ahead of President Nicolas Sarkozy’s scheduled visit to New Delhi. Environment Minister Jairam Ramesh said that theAFP - 228 words
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Page 15 Advertisements
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Advertisement1514 2010-11-29 15 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LOST SHARE/STOCK CERTIFICATES Notice is hereby given that the following share/stock certificates have been reported lost:ASIA PACIFIC BREWERIES LIMITED (Incorporated in the Republic of Singapore) UNITED ENGINEERS LIMITED (Incorporated in the Republic of Singapore) Name Certificate No Number of stock units Estate of1,514 words
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Advertisement497 2010-11-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Y. T. VIETNAM PROPERTY PTE. LTD. (In Members’Voluntary Liquidation) CO. REG. NO. *****8131C Extract of the Minutes of an Extraordinary General Meeting of Y. T. VIETNAM PROPERTY PTE. LTD. signed by the Representative of the Holding497 words
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WORLD
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684 2010-11-29 16 Execs blame biggest decline in basic users on unemployment but analysts point to new competition AFP [WASHINGTON] The economic downturn has US cable television companies shedding subscribers in record numbers and Americans increasingly “cutting the cord” in favour of cheaper online options, newAFP - 684 words
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Article, Illustration797 2010-11-29 16 Houseowners blame banks for ravages of economic collapse AFP [DUBLIN] The spectacular collapse of Ireland’s once-booming economy has left a generation of young Irish families saddled with enormous home loans and the housing market shows little sign of improving. Many housesAFP; BLOOMBERG - 797 words
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223 2010-11-29 16 Reuters [SYDNEY] Gold production in Australia, the world No 2 producer after China, rose 22 per cent to 67 tonnes in the third quarter of 2010 as miners cashed-in on strong bullion prices, research released yesterday shows. “We are now seeing the effectsReuters - 223 words
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Article, Illustration561 2010-11-29 16 But it remains the dark horse among the 2022 bidders AP [DOHA] Qatar’s dreams of hosting the World Cup in 2022 have been under threat almost from the moment the desert nation announced its ambitious plans. Some said that it was just tooAP; AFP - 561 words
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678 2010-11-29 17 CONNIE HEDEGAARD - A legally binding framework for action is essential, urges EU official By CONNIE HEDEGAARD The writer is the European Union commissioner for Climate Action in Brussels BY 2050 there will be more than nine billion people living on earth. To accommodate this678 words
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355 2010-11-29 17 Bloomberg [WELLINGTON] New Zealand Prime Minister John Key said that he will propose a Royal Commission into the causes of deadly explosions at the Pike River Coal Co mine, a probe that may determine the future of underground mining in theBloomberg - 355 words
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Article, Illustration688 2010-11-29 17 China’s wealthy seen to be craving for Western works Bloomberg [HONG KONG] Picasso exhibitions at Edouard Malingue Gallery and Ben Brown Fine Arts and a private exhibition sale by Sotheby’s of impressionist and modern paintings featuring seven works by the Spanish 20th-century artist willBloomberg; BLOOMBERG - 688 words
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320 2010-11-29 17 Officials say Dubai World and Nakheel are in good health after restructuring Reuters [DUBAI] The emirate of Dubai may consider selling parts of govern-ment-owned companies as it continues to restructure those hit hard by the financial crisis, top financial officials said yesterday. TheReuters - 320 words
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239 2010-11-29 17 Reuters [LONDON] BP said it had agreed to sell its stake in Argentina-based oil and gas group Pan American Energy to Bridas Corp, half-owned by China’s CNOOC, for US$7 billion, as it raises cash to pay for the Gulf oilReuters - 239 words
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576 2010-11-29 17 Development’s scale likely to further undermine sanctions NYT [DAWEI, Myanmar] The vast, pristine stretch of coastline here is almost deserted, save for fishermen hauling their bountiful catches onto white-sand beaches. But a deal signed this month would transform these placid waters into aNYT - 576 words
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601 2010-11-29 18 NEIL BEHRMANN - Chinese measures to combat inflation, Korean tension raising risk in region By NEIL BEHRMANN CHINA’S anti-inflation measures and fears about continual Korean tension are expected to reduce foreign flows into Asian equities in coming weeks or months. “North Korea’s latest provocation of South601 words
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Article, Illustration728 2010-11-29 18 More dollars shifted to increased online shopping AP [NEW YORK] Shoppers crowded stores on Black Friday but spent just a little more than last year on the traditional start of the holiday shopping season, according to data released by a research firm. RetailAP; XINHUA - 728 words
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Article, Illustration495 2010-11-29 18 Reuters [BEIJING] South Korea’s top carmaker Hyundai Motor Co and its Chinese partner broke ground yesterday for a third plant to ease their undercapacity in the world’s largest car market. Bejing Hyundai, a tie-up between Hyundai and major Chinese state auto groupReuters; AFP - 495 words
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631 2010-11-29 18 AP [WASHINGTON] The Obama administration has told whistleblower WikiLeaks that its expected imminent release of classified State Department cables will put “countless” lives at risk, threaten global counterterrorism operations, and jeopardise US relations with its allies. In a highly unusual step reflecting the administration’s graveAP - 631 words
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Page 16 Advertisements
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Advertisement1024 2010-11-29 16 WATS NOTICES BUY IT• SELL IT• FIND IT TTO TEE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore on 15 August 2000) (Company Registration No. *****7107D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of the Members of TEE International Limited (the1,024 words
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Page 18 Advertisements
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Advertisement20 2010-11-29 18 (ft Ik Lianhe Zaobao Singapore economy is switching focus manufacturing service sector To subscribe, call 6388-3838 or go to sphsubscription.com.sg20 words
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AVIATION/SHIPPING
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Article, Illustration592 2010-11-29 19 AFP [LONDON] Shareholders of British Airways (BA) and Iberia will vote today on whether to approve a multi-billion-euro merger creating Europe’s second biggest airline as the sector recovers after a severe economic downturn. Investors in London and Madrid are widely expected to back the tie-upAFP - 592 words
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Article3201 2010-11-29 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ398 01003,201 words
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165 2010-11-29 19 Xinhua [WUHAN] Authorities in central China’s Hubei Province announced yesterday that they will invest more than 180 billion yuan (S$35.6 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between next year and 2020. The move comes asXinhua - 165 words
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Article, Illustration540 2010-11-29 19 Some A380 flights resumed but 4 of the 6 superjumbos still grounded Reuters AFP [SYDNEY] Qantas Airways chief executive Alan Joyce has said that an engine failure on an A380 superjumbo should be blamed on the engine’s design and had nothing to doReuters; AFP - 540 words
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Page 19 Advertisements
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Advertisement81 2010-11-29 19 MONGOLIA SHIP REGISTRY Shanghai Shipping Limited is the authorized ship registration in-house agent for MONGOLIA SHIP REGISTRY We welcome ship owners to register with us We assist ensure smooth registration of your vessel After registration, we provide effective flag state support to ship owners Just provide your vessel GT NT,81 words
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Page 19 Miscellaneous
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Miscellaneous367 2010-11-29 19 CRYPTIC CROSSWORD Across 1 Local black drink knocked back in island (8) 5 Outing at public expense? Abandon it in speech (6) 9 Nigel tailored my clothing (8) 10 Character following Romeo? (6) 12 What’s stashed in illegal van is expected to produce a shock (9) 13 In-flight column airline367 words
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BT ROUNDTABLE
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Article, Illustration3793 2010-11-29 20 Besides liquidity, inflation and protectionism are also stalking global economy; but Asia will emerge on top from rebalancing PANELLISTS N Masahiro Kawai Dean of the Asian Development Bank Institute (ADBI), Tokyo and former World Bank chief economist for East Asia N Mark Mobius ExecutiveREUTERS - 3,793 words
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Advertisement40 2010-11-29 21 How to run a business without running out of ideas November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-383840 words
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Advertisement662 2010-11-29 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BENG KUANG MARINE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0196M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of BENG KUANG MARINE LIMITED (the "Company") will be held at 55 Shipyard Road, Singapore662 words
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DINING OUT
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Article, Illustration909 2010-11-29 22 Geoffrey Eu - NEW RESTAURANT Cut B-1-71, The Shoppes at Marina Bay Sands 2 Bayfront Avenue Tel: 6688-8517 By Geoffrey Eu CULINARY trends may come and go but there will always be a place in the world for the classic American steakhouse an institution typically found in big-shouldered909 words
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Advertisement439 2010-11-29 22 IT'S HERE! ..ill 3G 2:40 PM S LDRDinG... GET THE FREE 9I.3FM APP NOW! Available on the App Store www.omy.sg n p mittmA 'ZT777 -Z_ cling, omy.sg WINE DINE AND HOSPITALITY Y v ;.,V Delicious December @Zenden! Indulge in mouth-watering delights every day of the month this festive season at439 words
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SINGAPORE STOCKS
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Article9373 2010-11-29 23 Week ended: Nov 26 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 -0.5 1624 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic9,373 words
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Article1841 2010-11-29 24 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 +2 35 164 160 1571,841 words
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Article110 2010-11-29 24 Stock name Close Change CapMallsAsia 2.040 +0.010 CapitaLand 3.700 -0.030 CapitaMall 1.870 CityDev 12.220 -0.120 ComfortDelGro 1.490 -0.010 DBS Grp 13.880 +0.040 F&N 6.170 +0.010 Genting SP 2.000 -0.020 Golden Agri 0.735 -0.005 HK Land 7.000 -0.040 Stock name Close Change JMH 45.400 -0.100 JSH 26.740110 words
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Article2638 2010-11-29 24 Transaction date: Nov 26 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.69 unch 0 Aeon Stores 16.50 -0.30 28 Angang Steel 11.18 0.06 5820 Anhui Conch 31.45 -0.25 2289 Anhuiexpresswa 6.36 -0.19 1772 Asia Satellite 13.88 unch 4 Asm Pacific 71.45 -1.25 287 Bank Of E Asia 33.202,638 words
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Article186 2010-11-29 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 10 1 0 0 0 7 10 1 Manufacturing 44 119 56 6 13 20 50 132 76 Commerce 10 49 23 4 11 3 14 60 26 Tpt/Stor/Comms 6 32 8186 words
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Article943 2010-11-29 24 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 112 -4 35 115 112 111.5 114 511.3 1056 761 CIMBAsean40 100US$ US995 -21 991 1024 970943 words
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Article260 2010-11-29 24 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A53 50 57 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US43 -2.5 *****3 46.5 41.5 43 43.5 2831.3260 words
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Article123 2010-11-29 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 257,529 257,529 404,051 404,051 Manufacturing 1,388,926 123,088 1,512,014 1,263,006 7,130 1,270,136 Commerce 364,354 84,184 448,538 525,495 9,285 534,780 Tpt/Stor/Comms 589,910 9,724 599,634 825,957 2,642 828,599 Finance 105,266 5 105,271 902,159 1 902,160 Construction 219,976 516,204123 words
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Advertisement26 2010-11-29 24 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2010-11-29 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 26 Index Change Change Change Change Change Change World Index Preliminary 860.6 -0.6 3.4 -0.1 -2.6 -1.1 3.6 EAFE Preliminary 778.6 -0.5 -0.8 -0.4 -6.7 -1.4 -0.7 Europe Preliminary 1137.5 -0.6374 words
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Article180 2010-11-29 25 Nov 26 $S Offer Bid 0vernight 0.08 0.05 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.16 US$ 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 12180 words
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Article22 2010-11-29 25 Nov 26 S$ Bid Offer 1-month 1.3168 1.3178 2-months 1.3168 1.3178 3-months 1.3168 1.3178 6-months 1.3168 1.3178 Source: OCBC22 words
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Article121 2010-11-29 25 Nov 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.32 1.246 Can dollar 1.321 1.271 Euro 1.779 1.711 Sterling pound 2.101 2.021 NZ dollar 1.022 0.974 US dollar 1.33 1.279 Local dollars to 100 units of foreign121 words
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Article27 2010-11-29 25 Nov 26 Open High Sett STI Nov 3158 SIMSCI Nov 372.7 373.0 370.8 Taiwan Nov 297.3 298.2 296.2 Source: MF Global (S) Pte. Ltd27 words
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Article65 2010-11-29 25 Nov 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3333 3360 3365 3333 46 1836 Jan 11 3273 3306 3323 3270 1200 ***** Feb 11 3235 3274 3281 3233 8719 ***** Mar 11 3211 324365 words
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Article427 2010-11-29 25 Nov 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6250 0 4857 Mar11 99.4450 0 4652 Jun11 99.3650 0 4114 Sep11 99.2900 0 2656 EUROYEN TIBOR FUTURES Dec10 99.6600 99.6600 99.6600 99.6600 0 4388 Mar11 99.6600 0 1476 Jun11 99.6350 99.6350 99.6250 99.6600 1 1535427 words
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Article170 2010-11-29 25 Nov 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 431.0 428.0 429.0 28 537 Jan 11 429.0 425.0 429.0 28 401 Feb 11 429.0 100 552 Mar 11 430.5 100 492 Apr 11 431.5 200 424170 words
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Article88 2010-11-29 25 Nov 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 24.02.2011 0.30 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 103.74 103.79 103.75 5-Year N*****0S 2.875 01.07.2015 107.35 107.50 107.3588 words
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Article107 2010-11-29 25 Nov 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1238.50 1255.00 1262.25 1235.75 Mar 11 1247.00 1262.75 1270.00 1243.50 May 11 1248.50 1263.25 1270.25 1245.25 Jul 11 1252.50 1266.25 1273.50 1247.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 49.90107 words
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Article77 2010-11-29 25 CRUDE OIL PRODUCTS Nov 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 86.35 1.18 WTI (Near Mth) 84.23 0.28 Dubai (1-Mth F) 83.18 2.06 Tapis blend 89.80 2.35 Minas 85.40 1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.22 2.39 Jet Kerosene 97.75 2.05 US$/barrel Opec Oil77 words
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2647 2010-11-29 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch ***** 1 3 2.50 1 AFP Properties EW*****8 32 ***** 1 10 -5 1.38 60 6221 Asia-Pacific Strategic W*****6 36 -2.5 200 12,647 words
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Article464 2010-11-29 25 Nov 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 6.453 0.730 7.520 44.398 87.135 0.813 11.212 3.054 1.282 82.960 42.805 1.276 6.882 0.970 29.511 29.229 0.617 0.969 Canada 1.018 6.570464 words
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Article85 2010-11-29 25 Nov 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-11-29 25 Nov 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2755 1.2766 0.9686 0.9687 Canadian dollar 1.2984 1.3000 0.9860 0.9865 Euro 1.7461 1.7479 1.3260 1.3264 NZ dollar 0.9944 0.9965 0.7552 0.7562 Sterling pound 2.0687 2.0708 1.5710 1.5714154 words
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Article141 2010-11-29 25 Nov 26 GOLD (US$/oz) Nov 25 Nov 26 Hong Kong 1371.70 1367.00 Nov 26 Nov 25 London 1356.50 1372.70 1357.25 1373.50 Source: Thomson Reuters CAST BAR Nov 26 (S$) Selling Buying Kilobar 61,777.52 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 58 5gm 393 288 10gm 702141 words
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Article69 2010-11-29 25 Nov 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2243.00 2253.00 3 months 2270.00 2281.00 Copper, Grade A (US$/tonne) Cash 8287.00 8388.00 3 months 8239.00 8340.00 Lead (US$/tonne) Cash 2258.50 2308.25 3 months 2280.00 2331.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article82 2010-11-29 25 Nov 26 COCOA (£/tonne) Close Prev High/Low Dec 10 1870 1847 1875/1845 Mar 11 1874 1847 1880/1846 May 11 1888 1861 1894/1861 Jul 11 1904 1875 1910/1879 COFFEE (US$/tonne) Close Prev High/Low Nov 10 1800 1808 1829/1829 Jan 11 1816 1829 1828/1805 Mar 11 1835 1847 1846/1823 May 1182 words
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5846 2010-11-29 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.5,846 words
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Page 27 Advertisements
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Advertisement22 2010-11-29 27 FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132722 words
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BizIT
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Article, Illustration917 2010-11-29 28 AMIT ROY CHOUDHURY - IDC research shows that firms seeking lower costs and higher returns on investment are driving demand, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AFTER a poor year in 2009, Singapore’s middleware market is expected to grow by 10 per cent this year,917 words
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Article287 2010-11-29 28 VICTORIA HO - By VICTORIA HO SITEX, the final large IT show for the year, closed on a high over the weekend. Visitors hit 900,000, surpassing last year’s visitorship record by 5 per cent. The final sales figure hit $52 million. Sitex 2009 drew a crowd of 859,000287 words
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Article, Illustration952 2010-11-29 29 VICTORIA HO - While tapping the benefits of social media, firms must create an awareness about the potential dangers of privacy leaks <news analysis> By VICTORIA HO AS FACEBOOK hit the US$35 billion valuation mark last week, concerns around the social networking giant’s footprint have continued to weigh heavyAFP - 952 words
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Article, Illustration683 2010-11-29 29 RAJU CHELLAM - By RAJU CHELLAM A BOOM in automobile production and other uses is pushing up the demand for specialised semicon chips called MEMS (micro electrical mechanical systems) to record levels worldwide, and this should specially benefit Singapore which is one of the key production683 words
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Article, Illustration860 2010-11-29 29 AMIT ROY CHOUDHURY - Apps are expanding capabilities of mobile devices By AMIT ROY CHOUDHURY THE growing popularity of mobile phones and other connected devices in Asia has opened up enormous opportunities for value added service providers, and Openwave Systems hopes to take advantage of this. Speaking860 words
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<what’s up>
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Article47 2010-11-29 29 NCS has partnered Microsoft to train 1,000 on the latter’s Windows Azure cloud platform over the next three years. The systems integrator, which has an existing partnership with Microsoft, is also the first Strategic Azure Partner to be announced for the Asia-Pacific.47 words
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Article59 2010-11-29 29 EMC’s security division, SA, has announced K Sugumaran as its new managing director for South-east Asia. Prior to his appointment, he was the partner sales director for Asia-Pacific at Oracle, with 10 years spent at Sun Microsystems prior to that. Earlier, he was Netscape’s general59 words
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Article37 2010-11-29 29 ADOBE has released its new-generation Acrobat X software family. The product is used in the creation of Adobe’s PDF format documents and also allows compatible exports to Microsoft software, Word, Excel and SharePoint.37 words
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Article, Illustration77 2010-11-29 29 VICTORIA HO - Compiled by VICTORIA HO CANON has released two monochrome printer models, the imageRUNNER ADVANCE 6000 and 8000. The enterprise-targeted models are similar to the company’s colour models, which include a customisable user interface. They are capable of 1,200 x 1,200 dpi resolution and can print A477 words
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Advertisement325 2010-11-29 28 Canon Delighting You Always YOUflG LriTREPREnEUR AUUARDS 2010 Got the next big business idea? Share with us and stand to win fabulous prizes! 'ww.canon.com.sg/thinkbiq/activities 9 r IIOU\?) o-x-Brilliant Presentations LV7280 XGA (1024x768) 2200 lumens 2000:1 contrast ratio 1.2x optical zoom LV8215 •WXGA (1280x800) 2600 lumens 450:1 contrast ratio 1,2x optical325 words
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Advertisement187 2010-11-29 30 i i n C| m Mm i '7 i 7\ v I 351 raaffi&s 471 2WV-: es S Is v* •<* spr m £5fcff <-■ m n &M t* •r ■-> fijrt mz c >«T» 5 '4V' > m •'>' ml -V itC &R M ■.>: MMzm W •*> J+>K187 words
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