The Business Times, 24 December 2011
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2011-12-24
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The Business Times
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Title Section14 2011-12-24 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg DECEMBER DECEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 121/08/201114 words
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Article31 2011-12-24 1 Nov inflation matches Aug high BUT this may be the peak; economists expect price increases to slow some say from as early as next month as growth slows. 231 words
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Article33 2011-12-24 1 Noble supports Gloucester merger NOBLE Group is backing the A$2.1 billion (S$2.8 billion) cash and stock deal that it believes will help it net a one-time gain of US$200 million. 333 words
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Article41 2011-12-24 1 War of words turning ugly LAWYERS representing China Sky Chemical Fibre, which has publicly fought the Singapore Exchange’s attempts to compel the Chinese company to appoint a special auditor, are now poised to sue a senior SGX executive. 441 words
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Article27 2011-12-24 1 Hedge fund sector shrinks US$9.4b GLOBAL net outflows in November comes to US$9.4 billion as jittery investors sought shelter from the eurozone debt crisis. 1227 words
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Article, Illustration1953 2011-12-24 1 Joyce Hooi - A disproportionate number of S’poreans are among the world’s wealthiest. So why the blues? By Joyce Hooi joyceh@sph.com.sg Singapore LAST month, if Singapore had been a person, it would have stood above the unwashed tableau of Occupy Wall Street (OWS), watching from its penthouseSource: Credit Suisse Global Wealth Databook 2011; Source:; Based on data compiled 'norm Inland Revei iue AuLhonry of Singapore, for assessment year 2010; Source: US Bureau of Labor Statistics - 1,953 words
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560 2011-12-24 1 Teh Shi Ning - Sharp pullback in biomedical output reverses Oct gains By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’Smanufacturing sectorshrank 9.6 per cent from a year ago in November, confounding the market’s consensus forecast for growth of 12.2 per cent and raising the spectre of560 words
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Page 1 Advertisements
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Advertisement36 2011-12-24 1 www.businesstimes.com.sg THE RAFFLES CONVERSATION Iskandar Regional Devt Authority CEO Ismail Ibrahim 10-11 BT wishes its Christian readers a Merry Christmas. There will be no publication on Monday, Dec 26 LIVING Eight personalities share their Christmas plans36 words
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Advertisement7 2011-12-24 1 MOTORING The radical new Ferrari FF L207 words
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Advertisement9 2011-12-24 1 SHOW ME THE MONEY Good instincts, poor choices 339 words
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TOP STORIES
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Article, Illustration525 2011-12-24 2 Teh Shi Ning - Economists see 5.7% rise as peak, however, expecting slower price increases from Jan By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’S inflation sped ahead of market forecasts again to hit 5.7 per cent in November, matching August’s three-year high. But this may be the peak;ALPHONSUS CHERN/THE STRAITS TIMES - 525 words
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Article139 2011-12-24 2 G STI 2,676.47 (+11.67) G STI FUTURES 2,674 (+9) G SIMSCI 305.72 (+2.01) G SIMSCI FUTURES 305.00 (+1.30) STOCKS Friday Change KL COMP 1,496.15 +4.69 NIKKEI 225 Closed HANG SENG 18,629.17 +250.94 SET 1,037.37 -5.15 JAKARTA 3,797.15 +1.71 MANILA 4,372.24 +1.78 KOSPI 1,867.22 +19.73 SHENZHEN B 555.12 +4.16 MUMBAI139 words
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884 2011-12-24 3 Felda Chay - Group estimates a one-time gain of US$200 million from the deal By Felda Chay feldac@sph.com.sg Singapore NOBLE Group is backing the A$2.1 billion (S$2.8 billion) cash and stock merger between its Australia-listed subsidiary Gloucester Coal and China’s Yanzhou Coal Mining Co Ltd, a deal that it884 words
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Article, Illustration732 2011-12-24 3 Debbie Yong; Ng Jie Hui, Sherman Tan; Pang Jin Hu - By Debbie Yong debyong@sph.com.sg Singapore Additional reporting by Jie Sherman Ng Jie Hui, Sherman Tan and Pang Jin Hu IT came. Then it left. But now it’s back again. The return of wet weather has dampened the festive spirit for food and beverage operators, who732 words
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Article, Illustration1066 2011-12-24 4 Lynette Khoo; Michelle Quah - Asia Ascent and its MD poised to sue senior SGX executive, alleging he ‘falsely and maliciously’ defamed them By Lynette Khoo lynkhoo@sph.com.sg Michelle Quah michquah@sph.com.sg Singapore A WAR of words that has hogged headlines in recent days has now escalated into a nascent legalYEN MENG JIIN - 1,066 words
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224 2011-12-24 4 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg Singapore THE committee set up after the May general election to review ministerial salaries intends to submit its report to Prime Minister Lee Hsien Loong by next Friday. “We have completed our deliberations and are finalising the report,”224 words
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Article, Illustration841 2011-12-24 8 Apart from tighter financing, the region’s industry faces an IPO market that is virtually shut Reu ters Hong Kong ASIA’s private equity firms face a shrinking pool of bank loans as European lenders pull back from the region, crimping both investments and re-financingsReuters; AP - 841 words
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Page 2 Advertisements
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Advertisement58 2011-12-24 2 CONTENTS LIVING Christmas L2-5 Dining L6,14 Clipper Race L7 NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Travel L8-9 Home Garden L10-11 Gadgets L12 Health L13 Sport L16 Golf L17 Motoring L18-20 Stocks Stats 23-27 Perspective58 words
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Page 3 Advertisements
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Advertisement39 2011-12-24 3 FATIGUE? SLEEP ON WATER! Due to a lack of pressure points, a waterbed gives relief to sore muscles by restoring healthy blood circulation. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381 www.fantasywaterbeds.com39 words
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Page 5 Advertisements
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Advertisement2417 2011-12-24 5 thebusinesstimesweekendwww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and2,417 words
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Page 8 Advertisements
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Advertisement58 2011-12-24 8 THE SINGAPORE m m THE SINGAKU Wome BEST Guilt-free &90 Festive Fashi Under $59.90 BEAU BUY, 113,000 readers of The Weekly share what really works! ENTERTHE DRAGON, Love Career Wealth Your 2012 Horoscope Guide TRUE-LIFE CONFESSION "1 craved sex all the ti MAKE MORE SPACE AT HOME Fast tips to58 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK Dec 19-23, 2011
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55 2011-12-24 9 GOOD news for the global economy at last. Commodity prices from gold and oil to copper and cotton have fallen sharply from their peaks this year and will help manufacturers and importers. The decline, however, will unnerve producers in Australia, Canada, Russia, South Africa,55 words
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51 2011-12-24 9 INVESTIGATORS are expected to conduct an official raid on the headquarters of Japan’s scan-dal-tainted Olympus Corporation this week in search of evidence that former senior executives of the camera and medical equipment maker used fraudulent accounting to cover up long-standing financial losses by the51 words
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Article, Illustration85 2011-12-24 9 MUCH of Asia was thrown into a state of shock on Monday after the announcement around mid-day of the death of North Korean leader Kim Jong-il a development that pushed South Korea and Japan into a state of high alert in security andKYODO - 85 words
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78 2011-12-24 9 LOANS growth for local banks could slow to a crawl next year. It is expected to plunge by as much as 70 per cent as the global slowdown hits all sectors of the economy. Analysts project that the weak outlook for 201278 words
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48 2011-12-24 9 THE days of virtually unlimited mobile data usage are numbered. SingTel will be launching Singapore’s first fourth-generation or Long Term Evolution mobile broadband service for both consumers and businesses on Wednesday, as the first of a three-part pricing strategy.48 words
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73 2011-12-24 9 NOBLE Group’s Australia-listed coal mining subsidiary Gloucester Coal could be sold to China’s Yanzhou Coal Mining for US$2 billion (S$2.6 billion) or more and create Australia’s biggest independent coal miner. The talks are ongoing and both Gloucester and Yanzhou Coal, which73 words
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79 2011-12-24 9 AS the eurozone crisis points a gun to their heads, European banks and corporates may offload Asian assets to Asian buyers, choosing survival over growth for now, market watchers say. Corporates in the region are also in talks to snap up assets in the79 words
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50 2011-12-24 9 AS the office leasing market starts to weaken, some landlords have begun to offer bigger incentives to clinch tenants. They have increased agent commissions from one month’s rental to between 1.2 months and two months’ rent on a typical two or three-year lease.50 words
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66 2011-12-24 9 ELECTRONICS exports may have begun to recover from their dramatic plunge, but companies in the electronics sector say that its shrinking spell may continue into the new year with growth resurfacing only in 2012’s second half. The electronics sector accounts for more than66 words
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43 2011-12-24 9 THEtelcos’ crusade against virtually unlimited mobile data usage might soon be upon 3G shores. StarHub and SingTel are taking a good look at revising their 3G price plans, the two telcos told BT on Thursday.43 words
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46 2011-12-24 9 THE Singapore Exchange has declined China Sky Chemical Fibre’s request to lift the suspension of share trading, citing “circumstances of the suspension, including the persistent non-compliance with the exchange’s direction to the company to appoint a special auditor”.46 words
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Article73 2011-12-24 9 US DATA Dec 27 Consumer confidence Dec 28 Energy Information Authority petroleum status report Dec 29 Jobless claims Dec 30 Dec Chicago PMI SINGAPORE DATA Dec 29 Nov producer and int’l trade price indices Dec 30 Q3 external debt OTHER DATA Dec 27 China industrial73 words
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Page 9 Miscellaneous
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Miscellaneous316 2011-12-24 9 CRYPTIC CROSSWORD Across 1 Elector all at sea? (8,5) 10 Girl meets chap, starts talking, but is unyielding(7) 11 The stone archaeologists treat so cryptically (7) 12 Three students seen around university in break (4) 13 Insert in ballad (5) 14 Grudging admiration of diplomat who lacks nothing (4) 17316 words
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Miscellaneous15 2011-12-24 9 SATURDAY with Ludwig ‘I have to do this my credit card expires on Christmas eve...’15 words
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THE RAFFLES CONVERSATION
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Article, Illustration2561 2011-12-24 10/11 Lee U-Wen - The Iskandar Regional Development Authority’s CEO Ismail Ibrahim, shares his insights on planning and policy. By Lee U-Wen leeuwen@sph.com.sg EVERY Tuesday at the Iskandar Regional Development Authority’s (IRDA) office in Johor Baru, staff dons the same sky-blue collared shirt embroidered with his or her name on it.MARSHA TAN PHOTOGRAPHY - 2,561 words
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COMPANIES
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351 2011-12-24 12 Emilyn Yap - Investors pull out in all regions, with European funds suffering the most with net outflows of US$3.5b By Emilyn Yap emilyny@sph.com.sg Singapore THE hedge fund industry shrank by nearly US$10 billion last month to US$1.73 trillion on the back of losses and withdrawals,351 words
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461 2011-12-24 12 It could make a decision by mid-2012 Reuters Kuala Lumpur PETRONAS is in talks with several global oil majors including Shell and ExxonMobil to develop petrochemical plants within its US$20 billion refinery complex in southern Malaysia, two sources with direct knowledge ofReuters - 461 words
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Article, Illustration175 2011-12-24 12 OCBC Bank’s Mighty Savers mascots made their rounds at the KK Hospital’s (KKH) children wards this festive season, distributing Christmas goodie bags. Twenty-four OCBC Bank volunteers also joined in the activities which included an afternoon of entertainment by magicians along with the patients, their families175 words
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217 2011-12-24 12 Conrad Tan - By Conrad Tan conradt@sph.com.sg Singapore POLLUX Properties has bought a property at Geylang Road for $25 million, citing its potential for redevelopment. Pollux said that its indirect, wholly owned subsidiary, Pollux Treasures, had exercised an option to acquire the property at 345 Geylang217 words
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Article, Illustration423 2011-12-24 13 Jamie Lee - 11 of them are of European companies, and several of the companies hail from the telecoms sector By Jamie Lee leejamie@sph.com.sg Singapore SINGAPORE Exchange (SGX) will soon add new American Depositary Receipts (ADRs) of 15 large companies including several Europe-based firms toFILE PHOTO - 423 words
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302 2011-12-24 13 Mindy Tan - It has also been appointed as technical adviser By Mindy Tan tanmindy@sph.com.sg Singapore ASCOTT Property Management (Shanghai) (APMS) has been appointed the technical adviser and manager for CapitaMall Wusheng’s service residences. The total fee to be paid to APMS under the302 words
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Article, Illustration556 2011-12-24 14 R Sivanithy - stocks R Sivanithy sivan@sph.com.sg Senior correspondent THERE was little excitement this week as liquidity dwindled to its lowest levels this year ahead of the Christmas holidays and as more investors exited the market because of worries over next year’s economic outlook. The556 words
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Article64 2011-12-24 14 BY CENTS CLOSE UP IS S&P500 ***** 229.8 1.4 DBXT E50 10US$ 3410 130.4 3.1 Asia Pac Brew 2900 110.0 3.9 DBXT S&P500 10US$ 2018 103.3 4.1 Jardine C&C 4969 101.0 2.1 DBXT FTChina25 10US$ 2624 74.9 2.3 DBXT MSKorea 10US$ 5221 63.3 0.9 DBXT MSAsExJp 10US$ 278664 words
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Article58 2011-12-24 14 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 4158 -59.4 -1.1 JSH 2751 -45.2 -1.3 JMH 4696 -23.2 -0.4 DBXT FTVietnam 10US$ 1827 -20.7 -0.9 GLD 10US$ ***** -15.5 -0.1 DBXT MSASPAC 10US$ 301 -10.3 -2.6 IS LC 1-3Y 100US$ 981 -9.0 -0.7 Lyxor EasternEurope1 391 -9.0 -1.8 JapanFood58 words
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Article, Illustration372 2011-12-24 14 Conrad Tan - By Conrad Tan conradt@sph.com.sg Singapore HIAP Seng Engineering has entered a strategic alliance with one of China’s biggest offshore engineering firms to expand its presence in China. Hiap Seng said that its 87 per cent-owned subsidiary, HS Compression Process, had signed anFILE PHOTO - 372 words
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Article110 2011-12-24 14 VOL CLOSE GMGGlobal 54,888 11.3 -0.2 -1.7 NobleGrp 38,542 119 0.0 0.0 GoldenAgri 18,730 72 1.0 1.4 GentingSP 13,978 153.5 1.5 1.0 LionGold 10,496 85 0.0 0.0 KeongHong 10,411 28.5 1.0 3.6 MDR 9,829 0.5 0.0 0.0 HPHTrustUS$ 9,653 61.5 0.7 0.8 GLP 9,356 173 2.0 1.2110 words
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Article109 2011-12-24 14 Stock name Close Change CapMallsAsia 1.170 +0.015 CapitaLand 2.290 +0.010 CapitaMall 1.710 -0.005 CityDev 9.000 +0.040 ComfortDelGro 1.410 -0.010 DBS Grp 11.640 +0.130 F&N 6.310 +0.010 GLP 1.730 +0.020 Genting SP 1.535 +0.015 Golden Agri 0.720 +0.010 HK Land 4.650 -0.040 JMH 46.960 -0.180 JSH 27.510 -0.350 Jardine109 words
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332 2011-12-24 15 Kenneth Lim - Securities dealing subsidiary fails to meet certain financial ratio requirements; may be subject to MAS sanctions By Kenneth Lim kenlim@sph.com.sg Singapore THE securities dealing unit of Asiasons WFG Financial has found itself in trouble over lapses under regulations governing financial and margin requirements for holders332 words
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294 2011-12-24 15 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore NORWAY-BASED specialised vessel builder STX OSV has clinched a 200 million krone (S$43.6 million) contract to construct a forage carrier that transports fish feed to fish farms. STX OSV will purpose-build the liquefied natural gas-pow-ered294 words
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Article391 2011-12-24 15 Reuters Bloomberg Dublin EIRCOM’S owner Singapore Technologies Telemedia (STT) has withdrawn from the board of the struggling Irish telecom firm after lenders rejected its proposal to restructure 3.75 billion euros (S$6.3 billion) of borrowings, eircom said yesterday. Temasek unit STT bought 65 per cent ofReuters; Bloomberg - 391 words
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Page 13 Advertisements
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Advertisement75 2011-12-24 13 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE SINGAPORE MOTORSPORTS HUB: WILL IT EVER BE BUILT? r- r r I I I GO 4094 ICONREBORN DRIVES > FERRARI 458 SPIDER > MASERATI CRANCABRIO VS BMW 6501 CONVERTIBLE > AUDI SB A8 W12 > NISSAN SILVIA S15 MOD JOB SMALL CARS SHINE BRIGHT TOKYO75 words
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Page 15 Advertisements
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Advertisement59 2011-12-24 15 JANUARY ISSUE OUT NOW! in KIMOBA III siyiynyi TALKS STILETTOS, HER MAKEUP LINE AND DEALING WITH THE EX^-J RED, I SCREEN SIREN FASWOn $|< SSFf§R AsV G »"H,C START I t' ~r S 26+ 4 PAGE 1 \STUO? ci idi: Inn Km/icx 2012 r B V LG A H I59 words
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FROM THE DESK OF
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Article, Illustration945 2011-12-24 16 Kevin Holmgren - To this end, tougher guidelines have been instituted to ensure greater professionalism among financial advisers from the desk of Kevin Holmgren Chief Executive Officer Prudential Assurance Co Singapore THESE are exciting times for the insurance industry in Singapore. The industry here and the regionMEMPHIS WEST PICTURES - 945 words
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SINGAPORE
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663 2011-12-24 17 Chuang Peck Ming - Tight labour market drives hourly rate to US$19.10 from US$17.54 in 2009: US labour statistics office By Chuang Peck Ming peckming@sph.com.sg A TIGHT labour market pushed up production workers’ pay faster here last year compared with many other manufacturing centres,663 words
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230 2011-12-24 17 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg THE ruling People’s Action Party is not just on the hunt for the right candidates to refresh its leadership. It’s also developing talent scouts to pick the right people for jobs in other parts of the party machinery. Yesterday, 18230 words
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Briefing
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53 2011-12-24 17 LG ELECTRONICS has appointed Scott (Soon Seop) Jung as president of LG Electronics Singapore. With over 20 years at LG, Mr Jung will be responsible for enhancing the brand equity and brand preference of LG Electronics Singapore by driving marketing and sales growth while53 words
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64 2011-12-24 17 THE ArtScience Museum at Marina Bay Sands has formed an international advisory board comprising six experts. The board will help develop concepts for the delivery of the ArtScience message through programming and exhibitions at the museum while building relationships with local, regional and64 words
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217 2011-12-24 17 NATIONAL water agency PUB said yesterday that it will be rolling out 10 major drainage projects next year as part of its effort to improve the drainage system. Of the 10 projects in the pipeline, eight will start in the first217 words
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725 2011-12-24 18 Pang Jin Hu - Demand seen rising despite driver supply crunch, other industry woes By Pang Jin Hu pangjh@sph.com.sg PRIVATE bus operators have reported a rise in demand over the last 2-3 years, but have not seen any spike in enquiries following last week’s train service disruptions.725 words
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Article, Illustration300 2011-12-24 18 Mindy Tan - It is also studying mechanised parking systems By Mindy Tan tanmindy@sph.com.sg TO better address parking needs, the Housing Development Board (HDB) will build 1,600 car park lots next year, and will study the use of high-rise mechanised parking systems for olderFILE PHOTO - 300 words
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Page 18 Advertisements
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Advertisement88 2011-12-24 18 GETYOUR JANUARY ISSUE NOW Sim "I CALLED THE COPS ON MY HUSBAND" YOU'RE IN A PILE-UP -WHO PAYS? WHITE BRA UNDER A SHEER tHp? Fashion mistakes to stop making now DO IRM NOW. OR REG T WfcYour No. l mtrToniahtBeauty ResolLfflons For Every Womar^B loney sh-off i° n OnpTM V*88 words
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WORLD
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349 2011-12-24 19 But concerns over the European debt crisis, which has roiled markets for most of the year, still linger AFP Hong Kong ASIAN stock markets rose yesterday as investors welcomed better-than-expected jobs data from the United States which suggest that the economic recoveryAFP - 349 words
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282 2011-12-24 19 AFP Singapore GLOBAL ratings agency Fitch yesterday cut its 2012 growth outlook for Asia to 6.8 per cent from 7.4 per cent previously, citing the weak global economy. For 2011, the region is seen growing at 7.1 per cent, it saidAFP - 282 words
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Article, Illustration506 2011-12-24 19 AFP Jakarta AN imported Christmas tree. Santa taking wish lists from children. Fake snow and carols at shopping malls. Christmas is serious business in Indonesia, the world’s most populous Muslim nation. Malls and luxury hotels in Jakarta are offering holiday deals and are deckedAFP - 506 words
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619 2011-12-24 20 Anthony Rowley - Noda seen downplaying touchy issues that Tokyo has with Beijing during his first visit to China as PM tomorrow By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANESE Prime Minister Yoshihiko Noda will begin his first official visit to619 words
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Article, Illustration314 2011-12-24 20 AFP Tokyo JAPAN’S Emperor Akihito marked his 78th birthdayyesterdaybyrecallinga“trulydistressing year” but praising the unity of the Japanese people in overcoming March’s earthquake-tsunami-nuclear disasters. In his birthday message, the monarch also called on the nation to prepare for any more disasters and reflect onAFP - 314 words
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495 2011-12-24 20 Reuters Beijing WHEN Japan’s Prime Minister Yoshihiko Noda arrives in China tomorrow, a new blockbuster movie will ensure that the foremost image of the Japanese in many Chinesepeople’s minds will onceagain be of the country’s brutal wartime misdeeds. The story ofReuters - 495 words
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600 2011-12-24 21 Non-defence capital goods orders fall 1.2% last month; reports suggest some slowing in activity for economy latest us data| Reuters, Bloomberg Washington US consumer spending was tepid in November and a gauge of business investment plans fell for a second month, pointing toReuters,; Bloomberg - 600 words
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Article, Illustration315 2011-12-24 21 Reuters Shanghai CHINA plans to give first-time home buyers financial support but will keep a crackdown on property speculation in place, the Minister of Housing and Urban-Rural Development was quoted as saying by Xinhua yesterday. This marks a subtle change in China’sReuters; REUTERS - 315 words
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498 2011-12-24 21 NYT Bloomberg Washington THERE won’t be a tax hike for some 160 million American workers next month after all. Bowing under intense pressure from members of their own party, House Republican leaders agreed on Thursday to accept a temporary extension of theNYT; Bloomberg - 498 words
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Article, Illustration634 2011-12-24 22 Bini Smaghi dismisses calls for ECB to act as a lender of last resort to govts Bloomberg London EUROPEAN Central Bank (ECB) executive board member Lorenzo Bini Smaghi said that policy makers shouldn’t shirk from using quantitative easing if deflation becomesBloomberg; AP - 634 words
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Article, Illustration394 2011-12-24 22 Reuters REUTERS BREAKINGVIEWS Hong Kong JACK Ma wants to take back control of Alibaba, the Chinese e-commerce group he founded. An earlier spat over their payment unit Alipay showed that Mr Ma wields considerable power at the Chinese e-com-merce giant, and has ways toReuters; REUTERS - 394 words
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Page 22 Advertisements
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Advertisement25 2011-12-24 22 THE SINGAPORE EDITION! On istro/ogy] i Bonus/ Your Best Days for Romance V in 2012 GoropI5J THIN! SHOULD .STOP DOIN( AS LOVERS I FUN FEARLESS25 words
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SGX
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Article9362 2011-12-24 26 Transaction date: Dec 23 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 5 15.5 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.3 4.2 5 3 1.6 30.8 65 509,362 words
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Article186 2011-12-24 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 49 28 33 2 0 4 51 28 37 Commerce 19 15 15 1 1 2 20 16 17 Tpt/Stor/Comms 19 5 11186 words
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Article842 2011-12-24 26 For week beginning Dec 19 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Qingmei Grp Hldgs 22-Dec-11 High Crown Ltd Buy ***** na *****2 60.41 *****8 62.02 Qingmei Grp Hldgs842 words
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Article120 2011-12-24 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,420 12,420 64,805 64,805 Manufacturing 68,227 2,187 70,414 64,426 53 64,479 Commerce 63,909 1,402 65,311 93,487 341 93,828 Tpt/Stor/Comms 37,314 7,835 45,149 51,255 970 52,225 Finance 11,079 11,079 87,399 87,399 Construction 12,285 11,430 23,715 3,945120 words
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Article82 2011-12-24 27 Dec 22 COCOA (£/tonne) Close Prev High/Low Mar 12 1414 1435 1440/1397 May 12 1432 1452 1457/1422 Jul 12 1450 1468 1474/1436 Sep 12 1462 1482 1487/1450 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1807 1823 1826/1795 Mar 12 1858 1868 1867/1839 May 12 1895 1902 1900/1875 Jul 1282 words
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Article69 2011-12-24 27 Dec 23 GOLD (US$/oz) Dec 22 Dec 23 Hong Kong 1621.*****1.00 Dec 21 Dec 22 London 1610.*****4.10 1610.*****5.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.42 37.74 Source: UOB PLATINUM Lon (US$/oz) Dec 22 Close Previous PM Fix 1414.*****5.00 AM Fix 1429.*****0.00 Source: Thomson Reuters PLATINUM NYMEX69 words
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Article57 2011-12-24 27 Dec 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3125.0 3170.0 3160.0 3125.0 93 1847 Feb 12 3118.0 3175.0 3182.0 3115.0 3959 ***** Mar 12 3114.0 3170.0 3178.0 3112.0 ***** ***** Apr 12 3111.0 3172.057 words
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Article71 2011-12-24 27 Dec 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 22.03.2012 0.35 1-Year BY*****W 01.11.2012 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.9 5-Year N*****0W 1.125 01.04.2016 102.17 10-Year NX*****X 2.250 01.06.202171 words
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Article154 2011-12-24 27 Dec 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3126 1.3143 1.0167 1.0177 Canadian dollar 1.2668 1.2677 0.9813 0.9816 Euro 1.6891 1.6901 1.3084 1.3087 NZ dollar 1.0005 1.0010 0.7750 0.7751 Sterling pound 2.0266 2.0278 1.5698 1.5702154 words
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Article, Illustration114 2011-12-24 27 As on 22 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1618.20 1602.40 1610.90 83 CURRENCY AUD-USD FUT MAR2012 1.0052 .9971 1.0045 4020 EUR-USD FUT MAR2012 1.3133 1.3030 1.3059 8103 USD-JPY FUT MAR2012 78.04 77.86 78.01 3130 BASE METAL114 words
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Article93 2011-12-24 27 Dec 22 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 12 1162.*****3.*****8.*****4.25 Mar 12 1171.*****3.*****7.*****3.50 May 12 1182.*****3.*****7.*****3.75 Jul 12 1191.*****3.*****7.*****3.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 12 50.45 49.45 50.47 49.33 Mar 12 50.80 49.80 50.83 49.68 May 12 51.19 50.20 51.2193 words
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Article75 2011-12-24 27 Dec 22 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.01 0.65 WTI (Near Mth) 99.37 0.55 Dubai (1-Mth F) 104.36 0.26 Tapis blend 116.01 0.19 Minas 113.51 0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.28 0.84 Jet Kerosene 122.10 0.20 US$/barrel Opec Oil Basket Price75 words
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373 2011-12-24 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 22 Index Change Change Change Change Change Change World Preliminary 821.7 0.5 -8.5 0.2 -7.7 0.6 -8.5 ‡EAFE Preliminary 673.1 0.5 -16.0 0.3 -15.2 0.6 -16.0 Europe Preliminary 1006.9 1.1 -13.8373 words
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Article118 2011-12-24 27 Dec 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.34 1.277 Can dollar 1.289 1.24 Euro 1.718 1.652 Sterling pound 2.064 1.985 NZ dollar 1.03 0.981 US dollar 1.312 1.262 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2011-12-24 27 Dec 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2005.00 1968.50 3 months 2019.00 1994.00 Copper, Grade A (US$/tonne) Cash 7531.50 7440.50 3 months 7540.00 7455.00 Lead (US$/tonne) Cash 1979.50 1943.50 3 months 2000.00 1966.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article, Illustration92 2011-12-24 27 YTD change:-16.10% 52-week high: 3,280.77 on Jan 7,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-19.13% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change:-21.48% 52-week high: 3,067.46 on Apr 18,2011 52-week low: 2,149.42 on Dec 22,2011 Source: BloombergSource: Bloomberg - 92 words
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PERSPECTIVE
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Article, Illustration891 2011-12-24 28 / 29 Winston Liu - New insight is highlighting how switching from paper statements to online statements does not necessarily equate to more eco-friendly behaviour. By Winston Liu IT is hard to miss the promotions with an image of a happy tree aimed at persuading customers to ditchREUTERS - 891 words
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Article, Illustration674 2011-12-24 28 / 29 Dr Themin Suwardy - Dr Themin Suwardy Associate Professor of Accounting (Practice), Singapore Management University and CPA Australia (Singapore Division) Deputy President DEAR Santa, Merry Christmas! I know you and your elves must be really busy now with Christmas just around the corner. Christmas is always specialNEO XIAOBIN/ THE STRAITS TIMES - 674 words
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Wealth
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WEALTH INVESTING
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Article, Illustration975 2011-12-24 30 / 31 James Saft - The unpleasant truth is that our expectations about the business and economic cycle are based on 50 years of experience that no longer holds. By James Saft THE year 5 AC (After Crisis), otherwise called 2012, may well become known for the long list of975 words
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BROKERS’ TAKE
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Article377 2011-12-24 30 / 31 Buy Dec 23 close: $9.53 DBS Vickers Securities Dec 23 KEPPEL Corp announced that it has won a semisubmersible newbuild contract worth US$809 million from Urcal Drilling BV, a subsidiary of Sete Brasil which is an investment company owned by Petrobras and seven Brazilian banks and pension funds.377 words
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Article434 2011-12-24 30 / 31 Jamie Lee - Compiled by Jamie Lee Kim Eng Research Dec 23 AS recently as a year ago, there was only public housing in Punggol. In 2008, the government had moved an executive condominium (EC) site in Punggol from the 1H08 Reserve List of the Government Land Sales (GLS) programme434 words
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Article, Illustration821 2011-12-24 32 John Wasik - What’s been unexpected this year on the personal and professional fronts for an American. By John Wasik ~The writer is a Reuters columnist. The opinions expressed are his own Reuters IN every year, there are a host of surprises that come along like earthquakes: TheyReuters; BLOOMBERG FILE PHOTO - 821 words
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Article, Illustration1312 2011-12-24 33 Teh Hooi Ling - Most people have good instincts about their calling in life, but they make poor choices and waste years show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder I HAD dinner with a reader some months back.LUDWIG ILIO - 1,312 words
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WEALTH REAL ESTATE
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1119 2011-12-24 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 15 LANDED Opera Estate X-Ter 25/11/2011 FH 1393 1800 1292 NON-LANDED Cote D'azur Apt 29/11/2011 99 11411,119 words
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Article, Illustration616 2011-12-24 35 Uma Shankari - Prices and rentals next year are unlikely to escalate at the pace witnessed in 2011, says SLP International By Uma Shankari shankari@sph.com.sg Singapore INDUSTRIAL real estate prices are expected to increase by 5-10 per cent next year, while rentals should register more moderate growth ofFILE PHOTO - 616 words
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357 2011-12-24 35 Bloomberg New York MORTGAGE rates for 30-year US loans dropped to the lowest level on record amid signs the housing market may be set for a turnaround. The average rate for a 30-year fixed loan fell to 3.91 per cent in the weekBloomberg - 357 words
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Page 32 Advertisements
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Advertisement81 2011-12-24 32 HOW TO LEAVI WORI ON Til (and still get 'i everything done!) 1 Are you and your man FINANCIAL. SOULMATES? Overcome your differences end make your love last L DID YOU KNOW? ONLY 20% WOMEN STICK TO You can be one of them! Turn to p86 but THE INSIDER'S GUIDE81 words
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Advertisement26 2011-12-24 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax26 words
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Advertisement46 2011-12-24 1 AND SO THIS IS CHRISTMAS Family, feasting, giving. Eight personalities share their Christmas plans FOOD A last-minute planner L6 TRAVEL MONA magnet L8-9 GOLF The year in review L17 PERSONAL SPACE Old world charm L10-11 MOTORING Warm Christmas, White Christmas L18-19 GADGETS On time on-line L1246 words
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BT Living
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CHRISTMAS
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Article15 2011-12-24 2 / 3 and so this is CHRISTMAS Family, feasting, giving. Eight personalities share their plans with BT15 words
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Article, Illustration563 2011-12-24 2 / 3 Melissa Lwee-Ramsay - Executive director of KS Distribution By Melissa Lwee-Ramsay mellwee@sph.com.sg CHRISTMAS in the Wiluan family is a real family affair. “We'll get together with friends throughout the Christmas/New Year period but on Christmas Day, it’s usually intimate just family,” reveals executive director of KS Distribution Richard Wiluan whose father563 words
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Article, Illustration620 2011-12-24 2 / 3 Melissa Lwee-Ramsay - Spanish Ambassador to Singapore By Melissa Lwee-Ramsay CHRISTMAS may be a festive occasion but Spanish Ambassador to Singapore Federico Palomera Guez knows full well that work commitments can throw even the best laid plans array. Not one to let disruptions bog him down, the “realities of work”620 words
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Article, Illustration433 2011-12-24 2 / 3 Debbie Yong - President of Taiwan’s Ta Chong Bank Incoming UBS Singapore country head and CEO for wealth management Singapore By Debbie Yong debyong@sph.com.sg CHRISTMAS is a magical time it has been ever since he was a child, and will continue to be so for incoming UBS Singapore country head Edmund433 words
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Article, Illustration289 2011-12-24 4 / 5 Debbie Yong - Executive director of Si Chuan Dou Hua Restaurants and chief operating officer of St Gregory By Debbie Yong ‘TIS the season for joy, happiness and family for Wee Wei Ling. “Itisextraspecialformyfamilyasmy youngerdaughter’s birthday falls on Dec 24, and we usually celebrate it together with Christmas,” says the289 words
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Article, Illustration374 2011-12-24 4 / 5 Debbie Yong - CEO of Courts Singapore By Debbie Yong HE is finally going home for Christmas. After 18 years of being based in Singapore, this is the first year chief executive of Courts Singapore Terry O’Connor will spend Christmas in the UK. Explains the Liverpool native: “I’ve got retail in374 words
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Article, Illustration294 2011-12-24 4 / 5 Melissa Lwee-Ramsay - Senior Advisor, National Art Gallery, Singapore By Melissa Lwee-Ramsay TO Kwok Kian Chow, Christmas has universal appeal and especially so in Singapore when “Season’s Greetings” also refers to the proximity of Hari Raya and Chinese New Year. “It falls during the year-end period when many of us294 words
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Article, Illustration480 2011-12-24 4 / 5 Jaime Ee - Country head of Citi Singapore By Jaime Ee jaime@sph.com.sg HOME is where you hang your hat, and no one believes it more than Michael Zink, country head of Citi Singapore who has spent Christmas around the world for the better part of 20 years. “My wife Betsy and480 words
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Article, Illustration483 2011-12-24 4 / 5 Debbie Yong - CEO of Bank of Singapore By Debbie Yong CHRISTMAS, by Bank of Singapore CEO Renato de Guzman’s books, spells a welcome annual retreat from the glittery city lights of Singapore. To fete his favourite holiday, the Filipino banker typically packs his family off to a rustic island483 words
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DINING
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Article, Illustration526 2011-12-24 6 Jaime Ee - Need a ham or turkey on the table tonight? Here’s our quick guide to where to get one today. By Jaime Ee jaime@sph.com.sg IF planning is not your strong suit, the chances are high that you will wake up this morning realising that you have nothing526 words
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KEPPEL CLIPPER ROUND THE WORLD
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Article, Illustration886 2011-12-24 7 Vincent Wee - Race 6 saw the Singapore Clipper claiming fifth spot in a head-to-head finish with Qingdao. By Vincent Wee OVER the course of a 1,300-mile ocean race in a 68-foot sailing yacht you would not usually think of the need to be innovative and agile, but thatonEDITION - 886 words
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TRAVEL
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Article, Illustration1459 2011-12-24 8 / 9 Geoffrey Eu - MONASince the beginning of the year, hordes of art lovers have flocked to the island of Tasmania, irresistibly drawn to a unique museum MONASince that is the vision of just one man. By Geoffrey Eu btnews@sph.com.sg TASMANIA isn’t really on the way to anywhere unless you’re a humpbackbtnews@sph.com.sg; PHOTOS BY GEOFFREY EU - 1,459 words
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HOME & GARDEN
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Article, Illustration1128 2011-12-24 10 / 11 Geoffrey Eu - charmBusinessman Mike Ho’s home, with its kampung house concept, is a welcome contrast from many new homes. personal space By Geoffrey Eu btnews@sph.com.sg RESTRAINT is always more difficult in a land of plenty so in a neighbourhood where flashy large bungalows are the norm, it’s refreshing toPHOTOS BY JOHN HENG - 1,128 words
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GADGETS
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Article, Illustration649 2011-12-24 12 Christopher Lim - It’s Christmas Eve, and you have just run out of time for even a last-minute gift. Don’t fret. You can still net the niftiest buys from the Web such as subscriptions, services and games. By Christopher Lim Steam Game gift Price varies Outside the world of MMORPGs,649 words
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HEALTH
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Article, Illustration1037 2011-12-24 13 Michael Lim - All fats are not equal. It is the Omega-3 fatty acids that are most important to the heart. By Michael Lim Dr Lim is medical director at Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, British Medical Journals Publishing Group chairman, Scientific Advisory Board,FILE PHOTO - 1,037 words
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Article, Illustration243 2011-12-24 14 SPECIAL FEATURE An AIGNER watch for a man epitomises style that never goes out of fashion and quality that is of the highest standards AS a brand, German stalwart AIGNER has always been known for being able to stand the test of time, growing and evolving as the243 words
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SPORT
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Article, Illustration580 2011-12-24 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor ASK any Barclays Premier League manager which current player he would like most to have in his squad and chances are high that the one name on top of their Christmas wish list would beACTION IMAGES - 580 words
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Article732 2011-12-24 16 year in review IT’S that time of the year to see who’s naughtyorniceonSanta’slist,and theanchors of ESPN’s SportsCenter are checking it twice to put together a sporting wish-list for the year. SteveDawson:IfIwereSanta,I’dgiveFerrari a crash-test dummy. He’d be far cheaper than Felipe Massa and considerably more adept732 words
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GOLF
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Article, Illustration1155 2011-12-24 17 Justine Moss - Global golfing in 2011 saw some talented players clear some of the high bars in game-play. By Justine Moss A LOOK back at 12 months of news from the global golfing world, and there’s no denying that 2011 has thrown up a few surprises, bothREUTERS, AFP, FILE PHOTOS - 1,155 words
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MOTORING
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Article, Illustration514 2011-12-24 18 Samuel Ee - Luxury makes accelerated up the sales chart in Singapore this year, giving two of the men behind them extra reason to celebrate this festive season as Samuel Ee finds out Samuel Ee samuelee@sph.com.sg THIS Christmas will be special for Neil Fiorentinos and not just because he’ll be home514 words
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Article, Illustration506 2011-12-24 19 Samuel Ee - Audi Singapore MD Reinhold Carl is looking forward to hitting the Swiss slopes after his Antarctic adventure. By Samuel Ee samuelee@sph.com.sg AS WITH each Christmas, Reinhold Carl will be skiing right through the festive season in what is usually an annual affair for the managing director of Audi506 words
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Article, Illustration687 2011-12-24 20 Samuel Ee - The radical new FF is the first Ferrari to boast four-wheel-drive. By Samuel Ee samuelee@sph.com.sg A FERRARI is hardly a conventional automobile but the new FF is radical even by the Italian super sports car maker’s standards. The FF stands out for both its styling and technology. Unlike687 words
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Page 7 Advertisements
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Advertisement82 2011-12-24 7 Pursuit of excellence Keppel celebrates with Clipper the spirit of adventure and achievement, teamwork, and a global outlook. Our Can Do! spirit drives us to excel as we grow our businesses worldwide. Keppel Corporation Limited 1 HarbourFront Avenue #18-01 Keppel Bay Tower Singapore *****2 Tel: (65) 6270 6666 Fax: (65)82 words
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Page 12 Advertisements
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Advertisement27 2011-12-24 12 :*AT>i CLASSIFIED Draw attention to your home with some new drapes. To find out more, turn to CLASS 94 in CATS Classified in The Straits Times now.27 words
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Page 14 Advertisements
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Advertisement834 2011-12-24 14 wine&dine with BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore, 333 Orchard Road. Z6831 6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with834 words
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Page 15 Advertisements
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Advertisement97 2011-12-24 15 BARI "A" round timepiece The look of this AIGNER gents Chronograph is unique with its big and heavy round case made of all stainless steel with a curved glass. Bold shape Sporty yet classy.... i rrrr 60 V ifr'i f c r 1 30 z 10 _vV 40 20 A97 words
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