The Business Times, 10 March 2012
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2012-03-10
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The Business Times
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Title Section20 2012-03-10 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| MARCH 10-11, 2012 S$1.00| MICA (P) 121/08/2011 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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Article28 2012-03-10 1 ENCOURAGING SIGN EMPLOYERS created 227,000 more jobs last month and unemployment rate held at a three-year low of 8.3 per cent. 228 words
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Article31 2012-03-10 1 HOUGANG BY-ELECTION TIMING will take into account well-being of Hougang residents, national agenda issues and other factors that affect Singapore’s prosperity and security. 531 words
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Article31 2012-03-10 1 CORPORATE SUITE AUSTRALIAN regulators have given conditional approval for the proposed merger between Noble Group’s Australian subsidiary Gloucester Coal and China’s Yanzhou Coal Mining Co.| 1231 words
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33 2012-03-10 1 STATE SCHEME COMCARE will be extended to cover a wider range of income groups and also benefit families with young children and needy seniors with adult dependants.| 1733 words
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Article, Illustration858 2012-03-10 1 Malminderjit Singh - Iskandar Malaysia to beef up security, improve transport links to draw S’pore businesses By Malminderjit Singh msingh@sph.com.sg Johor Baru ISKANDAR Malaysia will court small and medium-sized enterprises (SMEs) in Singapore struggling with high rental and other business costs to establish someBLOOMBERG - 858 words
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699 2012-03-10 1 Joyce Hooi - Buyers will weigh charges and rebates based on carbon emissions against the rising COE prices By Joyce Hooi joyceh@sph.com.sg Singapore EVEN as the car trade is giving the impending Carbon Emissions-Based Vehicle Scheme (CEVS) the green thumbs-up, some believe that there is699 words
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Page 1 Advertisements
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Advertisement19 2012-03-10 1 the business www. usinesstimes.com. the raffles conversation INTERBRANDS’ GLOBAL CEO JEZ FRAMPTON 10-11 MOTORING Mini’s first open-top two-seater L1819 words
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Advertisement7 2012-03-10 1 WEALTH Investing in wines: caveat emptor 30-317 words
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TOP STORIES
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691 2012-03-10 2 Employers add 227,000 jobs to their payrolls in Feb, while unemployment rate holds at a three-year low of 8.3% LATEST US DATA Reuters Washington US employment grew solidly for a third straight month in February, a sign the economic recovery was broadening and inReuters - 691 words
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MARKETS
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Article48 2012-03-10 2 us$ s$ US$ (S$ per US$) 1.254 (US$/S$ per 1.580 1.981 EURO(US$/S$/E) 1.322 1.658 Foreign currency per US$ S$ YEN 81.70 65.10 RM 3.011 2.401 HK$ 7.757 6.185 BAHT 30.56 24.36 RUPIAH 9,133 7,282 RENMINBI 6.311 5.032 INDIAN RUPEE 49.96 39.83 A$ 0.941 0.750 NZ$ 1.214 0.96848 words
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Article58 2012-03-10 2 HSTI 2,963.15 (-7.23) HSTI FUTURES 2,957 (-7) HSIMSCI 341.34 (-1.35) HSIMSCI FUTURES 341.40 (-1.70) Friday Change KL COMP 1,579.00 +0.64 NIKKEI 225 9,929.74 +160.78 HANG SENG 21,086.00 +185.27 SET 1,158.71 -9.60 JAKARTA 3,991.54 +23.88 MANILA 4,980.71 +24.52 KOSPI 2,018.30 +17.54 SHENZHEN B 678.10 +8.27 MUMBAI IND 17,503.24 +357.72 11am58 words
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Article29 2012-03-10 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.638 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg29 words
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Article, Illustration1125 2012-03-10 4 Kelly Tay - PPR chief sees huge potential in China and Indonesia, with Singapore playing key role By Kelly Tay kellytay@sph.com.sg Singapore IT’S not every day that Singapore gets a visit from one of the most powerful men in the fashion industry. But for French billionaire François-Henri Pinault,REUTERS - 1,125 words
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Article, Illustration524 2012-03-10 5 Lee U-Wen - But decision on timing rests on factors such as issues on the national agenda and the international backdrop By Lee U-Wen leeuwen@sph.com.sg Singapore PRIME Minister Lee Hsien Loong has confirmed that he will call a by-election in Hougang, although he has not decided when toFILE PHOTO - 524 words
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512 2012-03-10 5 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore TWO ferry operators were yesterday slapped with a notice from the Competition Commission of Singapore (CCS) about their anti-competitive behaviour in ticket sales. Penguin Ferry Services and Batam Fast Ferry, the two main players on the Singa-pore-Batam ferry512 words
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Article, Illustration600 2012-03-10 6 Neil Behrmann - But deal clauses that force private-sector holders of debt to accept the offer may trigger full rating agency default By Neil Behrmann btworld@sph.com.sg London GREECE’S biggest sovereign restructuring in history has bought precious time for the struggling eurozone. “The debt-swap results surpassed expectations,”AFP - 600 words
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Article, Illustration729 2012-03-10 6 AFP AP Beijing CHINA’S inflation rate slowed sharply in February and factory output eased, data showed yesterday, adding to evidence of a slowdown in the economy and giving Beijing more room to relax credit limits. The figures from the National Bureau of StatisticsAFP; AP; REUTERS - 729 words
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618 2012-03-10 7 Indonesian taken into custody in LA on mail and wire fraud charges NYT New York RUDY Kurniawan, an Indonesian living in the United States, had ascended to the upper reaches of the wine world on both coasts, renowned as much for hisNYT - 618 words
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Article, Illustration557 2012-03-10 8 Aussie carrier says collapse due to inability ‘to reach mutually agreeable commercial terms’ AFP Sydney PLANS by embattled Australian carrier Qantas to create a premium joint-venture Asian airline were thrown into disarray yesterday after talks with Malaysia Airlines (MAS) collapsed. WhileAFP; AFP FILE PHOTO - 557 words
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Article, Illustration805 2012-03-10 8 Joyce Hooi - SATURDAY SOAPBOX Joyce Hooi Reporter IF THE past two weeks have taught us anything, it is that the high-pitched keening noises emitted by Wall Street types who now have smaller bonuses sound remarkably like those produced by local employers who face the travesty of805 words
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Page 2 Advertisements
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Advertisement60 2012-03-10 2 CONTENTS 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 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-7 Travel L8-9 Home Garden L10-11 Wellness L12-1360 words
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Page 3 Advertisements
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Advertisement39 2012-03-10 3 BURBERRY.COM 'ii' N 1 K mr. mk 1 m\ V ry -J r x 1 ii 1 4 NDON I. :s i _T r N ORCHARD TEL. 65-*****326 PARAGON TEL. 65-*****688 MAYA L2 TEL. 65-*****267 MARINA ’SANDS TEL. 65-*****1139 words
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Page 5 Advertisements
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Advertisement40 2012-03-10 5 >/v/»7 JACKPOT Estimated Draw on Mon, 12 Mar 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yrij Always play with care. [responsibiyf Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS40 words
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Page 7 Advertisements
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Advertisement157 2012-03-10 7 The Global Leadership Series Helping you understand today’s critical business issues The University of Chicago Booth School of Business CHICAGO I LONDON I SINGAPORE CRISIS RESPONSE m America and Europe: IMPLICATIONS tor Asia and the Global Economy 4 RANDALL S. KROSZNER Norman R. Boblns Professor of Economics Join Professor Randall157 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK March 5-9, 2012
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60 2012-03-10 9 ALMOST every indicator of economic activity makes for sombre reading but this may be just about as bad as it gets. The bottom of the current slowdown is within sight, economists said. As they studied clues to the year ahead, they60 words
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39 2012-03-10 9 ISETAN Mitsukoshi Holdings, which is celebrating the 40th anniversary of Isetan in Singapore this year, plans to boost store count in South-east Asia and China over the next three years.39 words
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68 2012-03-10 9 BUSINESSES will have to be inventive to attract locals and use government help to raise productivity, as Singapore “cannot afford to keep postponing” the restructuring that demands a reduction in reliance on foreign workers. Rolling out new measures to help SMEs hire local talent68 words
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38 2012-03-10 9 IN the battle against the disruptive influence of smartphones on voice call and SMS revenues, SingTel is fighting back with a US$321 million acquisition of Silicon Valley mobile advertising firm Amobee.38 words
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72 2012-03-10 9 CHINA has scaled back its economic growth target for the first time in eight years, sending strong policy signals it is willing to shift to more quality-led growth. In China’s annual 30-page work report delivered during the opening session of Parliament,72 words
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43 2012-03-10 9 AFTER seven continuous months of contraction, Singapore’s manufacturing sector recorded an expansion in February, with the Purchasing Managers’ Index (PMI) posting a reading of 50.4. The reading represents an increase of 1.7 points over January’s 48.7.43 words
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52 2012-03-10 9 ROYAL Brothers Group co-found-er Asok Kumar Naraindas is being sued by two former partners who claim they were cheated of their rightful share of profits from the sale of Park Regis Singapore in 2010 to Indonesian mining magnate Yusuf Merukh for $218 million, BT52 words
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46 2012-03-10 9 SINGAPORE Technologies Kinetics on Tuesday announced that it will take vigorous action to clear its involvement in a defence corruption scandal in India, which has seen it being barred from participating in the country’s defence industry for a decade.46 words
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50 2012-03-10 9 GLOBAL Logistic Properties is preparing to list some of its Japanese warehouse properties in Tokyo in the next few months. The initial public offer may raise as much as US$1 billion, Bloomberg reported, citing three people with knowledge of the matter.50 words
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55 2012-03-10 9 MORGAN Stanley has received a wholesale banking licence, paving the way for it to accept deposits to help expand its private bank business, and more critically, boost its funding. The sixth-biggest US bank by assets received approval from the MAS on Feb 13 to55 words
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Article, Illustration83 2012-03-10 9 APPLE’S third-generation iPad has been unveiled and it comes with an extra buzz for Singapore. This time around, the Republic has been catapulted into the list of the first set of countries that will lay their hands on the device onAFP - 83 words
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62 2012-03-10 9 THE overall net increase in tax revenue from the integrated resort casinos was about $900 million for the first 10 months of FY2011 (April 2011-January 2012). This is the same amount for the whole of FY2010, revealed Acting Minister for62 words
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Article83 2012-03-10 9 US DATA March 13 Feb retail sales Jan business inventories March 14 Feb import/export prices March 15 Feb PPI March 16 Feb CPI Feb industrial production SINGAPORE DATA March 15 Jan retail sales and food and beverage services indices March 16 Feb merchandise trade EVENTS March83 words
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Page 9 Miscellaneous
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Miscellaneous356 2012-03-10 9 Across 1 Odd cola drunk outside foreign casino (10) 6 Shy drunkard comes back with son (4) 9 Liberal Al Gore unfortunately missing start of outburst (5) 10 Leave Detective Inspector with article in private (9) 12 Caesar perhaps appears regularly in troubled Rome (7) 13 A drink around middle356 words
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Miscellaneous6 2012-03-10 9 SATURDAY with Ludwig Follow that sign6 words
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THE RAFFLES CONVERSATION
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Article, Illustration2356 2012-03-10 10/11 Kenneth James - Interbrand’s global CEO and “Best Global Brands” evangelist Jez Frampton finds his greatest satisfaction in the space where business and creativity meet. By Kenneth James By Kenneth James kenjames@sph.com.sg JEZ Frampton’s epiphany came early. “I think the real defining moment was when I started getting involved inARTHUR LEE - 2,356 words
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COMPANIES
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463 2012-03-10 12 Kenneth Lim - Conditions apply in A$2.05b deal between Noble’s Australian unit and China’s Yanzhou Coal Mining By Kenneth Lim kenlim@sph.com.sg Singapore AUSTRALIAN regulators have conditionally approved the proposed merger between Noble Group’s Australian subsidiary Gloucester Coal and China’s Yanzhou Coal Mining Co. The A$2.05 billion (S$2.8 billion) deal463 words
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Article, Illustration523 2012-03-10 12 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg Singapore EXXONMOBIL’S second petrochemicals complex here, costing US$5 billion to US$6 billion the US oil giant’s biggest manufacturing site worldwide “is nearing completion”, Rex Tillerson, its chairman and CEO, said in a presentation at the New York Stock ExchangeAP - 523 words
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495 2012-03-10 13 Kelly Tay - Construction work will begin towards year-end, and the hub is expected to be completed and operational in 2015 By Kelly Tay kellytay@sph.com.sg Singapore MAINBOARD-LISTED See Hup Seng Ltd is planning to build a $27 million integrated chemical hub here through a joint495 words
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Article, Illustration331 2012-03-10 13 Singapore SINGAPORE Airlines (SIA) is launching an online contest offering a pair of tickets to fly on the “Queen of the Skies” before the Boeing 747 is retired from the airline’s fleet after nearly 40 years of service. The last commercial B747 flights SQ747REUTERS - 331 words
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Article, Illustration884 2012-03-10 14 Jamie Lee - STOCKS Jamie Lee leejamie@sph.com.sg Correspondent SINGAPORE shares shed their earlier gains to end the day a touch lower, bucking the trend among Asian bourses. The traits Times Index closed yesterday at 2,963.15, down 0.24 per cent or 7.23 points. Market turnover also weakened, with884 words
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Business briefing
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88 2012-03-10 14 LAFE Corporation will receive an additional compensation of 159.5 million yuan ($31.7 million) on the disposal of its investment property in Panyu District in China. The additional compensation is expected to be paid out in monthly instalments from the third quarter88 words
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59 2012-03-10 14 SINGAPORE Technologies Engineering (ST Engineering) announced that a wholly owned subsidiary of ST Kinetics, STAR Automotive Centre (Zhejiang) Co Ltd, has been placed under members’ voluntary liquidation. The liquidation comes as a result of an ongoing business review by ST Engineering to streamline59 words
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87 2012-03-10 14 LIAN Beng Group said that its subsidiary, LS Construction (LSC), has incorporated a subsidiary in Singapore. The new unit, TAC System Formwork, has an initial issued and paid-up capital of $10 divided into 10 ordinary shares. It will mainly engage in the business87 words
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110 2012-03-10 14 ADVANCE SCT said that Asia Pacific Metals Refiner Pte Ltd (APMR) 50 per cent held by its subsidiary Asia Copper Pte Ltd has attracted a new strategic inves- tor, CNCM Capital Pte Ltd, which is a substantial shareholder of Advance SCT. CNCM Capital110 words
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63 2012-03-10 14 EZRA Holdings, a provider of offshore logistics services for the oil and gas industry, has raised gross proceeds of $121 million from a placement of 110 million new shares at $1.10 each. At that price, the new shares were at a discount63 words
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96 2012-03-10 14 ecoWise Holdings and its wholly owned subsidiary, Sunrich Resources Sendirian Bhd, have struck a conditional sale and purchase deal with Sun Organization Sdn Bhd and its majority shareholder to buy the remaining nine million shares in Sunrich Integrated Sendirian Bhd (SRIT),96 words
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70 2012-03-10 14 THE board of Great Group Holdings announced yesterday that, “in consonance with the company’s commitment to good corporate governance, Weng Wenwei shall step down as a member of the nominating committee”. It added that the nominating committee would be reconstituted with Juliana Lee Kim70 words
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Article, Illustration380 2012-03-10 15 Nisha Ramchandani - Jeffrey B Jump steps down as co-CEO, becomes president of new cardiovascular business unit By Nisha Ramchandani nishar@sph.com.sg Singapore MEDICAL devices maker Biosensors International Group has appointed Jack Wang, formerly co-chief executive officer, as its CEO. Meanwhile, Jeffrey B Jump steps down as co-CEO380 words
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273 2012-03-10 15 Michelle Tan - By Michelle Tan michtyz@sph.com.sg Singapore AFTER enjoying a run-up in its share price on the back of stronger-than-expected home sales here and a generous 20 cent dividend, Keppel Land (KepLand) is now believed to be fairly priced, said OCBC Investment Research (OCBC). Downgrading the273 words
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395 2012-03-10 15 Bloomberg Singapore MANCHESTER United Ltd, the record 19-time English soccer champion, is revisiting plans for an initial public offering in Singapore as stock markets recover, said five people with knowledge of the matter. United and its bankers restarted discussions about 10 daysBloomberg - 395 words
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Page 12 Advertisements
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Advertisement128 2012-03-10 12 [£AT£ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CYK PACIFIC PTE. LTD. (In Members'Voluntary Liquidation) Co. Registration No. *****9400G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.50, the Final Meeting of the128 words
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Advertisement17 2012-03-10 12 Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings WATS NOTICES CLA/FEB1 1/g17 words
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Page 13 Advertisements
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Advertisement46 2012-03-10 13 LORENZO 25,000 sq. ft. Flagship Mega Store LHK Building Chinese Temple Pan-I Complex SIMS DRIVE Market ALJUNIED ROAD LORONG 17 PLACE Bus Terminal SIMS ALJUNIED MRT SIMS AVE 601 Sims Drive, #01-13/18, Pan-I Complex (formerly SAFE Superstore) Tel: 6746 1180 Buses: 64 125 Nearest MRT: Aljunied46 words
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Page 15 Advertisements
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Advertisement61 2012-03-10 15 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE WHY OUR CLEAN DIESEL DREAMS MAY GO UP IN SMOKE FI DRIVERS' ATTIRE EXPLAINED PC 72 r M3523L CHILL SEEKER THE TRUTH ABOUT CAR AIR-CON s FASHION DRIVEN itMVJtJIlJH.'lL'IFPlil INF I NIT V ‘V 1 ABT AS7 THE AUDI A7 MADE EVEN BETTER VOLKSWAGEN CC61 words
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FROM THE DESK OF
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Article, Illustration944 2012-03-10 16 Deb Loveridge - Finding talented leaders to take the business to the next stage of growth is a primary challenge for companies in the region FROM THE DESK OF Deb Loveridge Managing Director Randstad Asia Pacific S Asian economies expand and GDP remains healthy in the face of increasing944 words
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SINGAPORE
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Article, Illustration692 2012-03-10 17 Lee U-Wen - Scheme will also cover needy seniors with adult dependants, larger families and those with young children YESTERDAY IN PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg MORE Singaporeans will soon be able to receive financial assistance from the government’s Community Care Endowment Fund more commonly known as692 words
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396 2012-03-10 17 Eve Yeo - By Eve Yeo eveypyeo@sph.com.sg THE customer may not always be right; retailers will now be protected against frivolous claims from consumers, thanks to amendments to the existing “Lemon Law”. Under the proposed changes, retailers can offer an alternative if the remedy requested396 words
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279 2012-03-10 17 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg THE rules for the moneylending trade are set to get tighter to improve protection for borrowers, in an amendment to the Moneylenders Act by the Ministry of Law. As part of the proposed amendments that were in their second reading on279 words
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Article, Illustration362 2012-03-10 18 Amanda Eber - Tuas facility will help the company expand its core business and boost competitive edge By Amanda Eber aeber@sph.com.sg ROTATING Offshore Solutions (ROS) held a groundbreaking ceremony on Wednesday for its new $25 million facility at JTC’s Offshore Marine Centre (OMC) in Tuas. ROSLIANHE ZAOBAO - 362 words
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520 2012-03-10 18 Grace Leong - Reports by Grace Leong gleong@sph.com.sg RHT Law LLP will join international law group Taylor Wessing in a move towards globalising its operations. To be renamed RHTLaw Taylor Wessing LLP, the Singapore law firm will become a member firm of Taylor Wessing520 words
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244 2012-03-10 18 Rajah Tann on GAR’s top 30 list again SINGAPORE law firm Rajah Tann LLP has made London-based Global Arbitration Review’s (GAR) widely watched top 30 list of international arbitration practices for the fourth straight year. Rajah Tann, which ranked 29th, is the only Singapore law firm to make the GAR244 words
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161 2012-03-10 18 Amanda Eber - By Amanda Eber aeber@sph.com.sg LOCAL companies should not despair in the face of economic uncertainty but should instead take the opportunity to venture abroad and boost their productivity in order to stay competitive, says Minister for Trade and Industry Lim161 words
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WORLD
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Article, Illustration606 2012-03-10 19 Bo Xilai admits lapses in judgment, defends anti-mafia crackdown, and plays down any ambition for power AP Beijing UNDER fire over a scandal that threatens his career, senior Chinese leader Bo Xilai confidently hit back yesterday, admitting lapses in judgment while defending the controversialAP; AFP - 606 words
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Briefing
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111 2012-03-10 19 Reuters London British industrial output suffered a shock fall in January, raising fresh doubts that the economy will rebound after its contraction at the end of 2011 as rising oil prices pose a fresh challenge to growth. Industrial output shrank by 0.4 per centReuters - 111 words
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88 2012-03-10 19 Bloomberg Kuala Lumpur Malaysia left interest rates unchanged for a fifth straight meeting as economic growth risks diminished and rising oil prices revive inflation pressure. Bank Negara Malaysia governor Zeti Akhtar Aziz kept the benchmark overnight policy rate at 3 perBloomberg - 88 words
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148 2012-03-10 19 Bloomberg Reuters New York Citigroup, the third-biggest US bank, said chief executive officer Vikram Pandit received US$14.9 million in total compensation for 2011, including his first bonus since the lender almost collapsed in 2008. The package included US$1.67 million of salary and aBloomberg; Reuters - 148 words
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91 2012-03-10 19 Bloomberg Sydney Gina Rinehart, Asia’s richest woman, lost a final bid to keep details of a family squabble over a trust fund private, as Australia’s top court refused to hear her appeal of a ruling allowing public access to documentsBloomberg - 91 words
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90 2012-03-10 19 Bloomberg Sydney New South Wales faces at least two more weeks of flooding with 75 per cent of Australia’s most populous state still “under water” and areas of the capital of Sydney now under threat, according to emergency services. NewBloomberg - 90 words
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Article, Illustration768 2012-03-10 20 In the end, all 11 joint bookrunners get equal league table credit while Deutsche and Goldman take home higher fees Reuters Hong Kong AMERICAN International Group’s (AIG) US$6 billion sale of shares in its Asian insurer AIA has ruffled feathers among investment bankers involvedReuters; REUTERS - 768 words
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394 2012-03-10 20 Reuters Melbourne AUSTRALIA’S Lynas Corp still expects its rare earths plant in Malaysia to open by June, despite an appeal against the government’s decision to grant a licence to the plant that is key to breaking China’s grip on global markets. LynasReuters - 394 words
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Article, Illustration607 2012-03-10 21 Exports to China hit by Chinese New Year holiday, gold sales drop Reu ters Sydney AUSTRALIA’S trade account unexpectedly dived into the red in January as exports to China were hit by the Chinese New Year holiday and shipments of gold took a steepReuters; AFP - 607 words
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702 2012-03-10 21 Reuters Melbourne AUSTRALIAN miners are playing down the impact of a new law in Indonesia limiting foreign ownership in mines to no more than 49 per cent, even after a senior Indonesian official said the law would apply to all foreignReuters - 702 words
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Article, Illustration655 2012-03-10 22 There is a big difference in GDP reported by its 31 provinces in 2011 and the figure from National Bureau of Statistics Reuters Beijing GLOBAL investors worried about a cut to China’s official economic growth forecast to 7.5 per cent this year wouldReuters; REUTERS - 655 words
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377 2012-03-10 22 Kuala Lumpur SPECULATION is rife that Malaysian tycoon T Ananda Krishnan will soon put his cinema business parked under TGV Cinemas Sdn Bhd up for sale following the disposal of his power assets, The Star newspaper reported. TGV, which is wholly owned by377 words
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Page 22 Advertisements
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Advertisement56 2012-03-10 22 WATS RECRUIT NK Chemicals is recruiting a Process Chemist Singapore GP has a position open for an Operations Manager (Security) CBRE has a vacancy for a Regional Facilities Manager Haw Par Healthcare is hiring a Production Executive CPG Corporation is looking for a Senior Resident Engineer Check out more than56 words
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Article8035 2012-03-10 23 Transaction date: Mar 9 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 17.5 11.5 8Telecom 13 12.5 13.4 66.8 0.4 3.1 62.3 9.5 4 A-Sonic 5 +0.4 262 5 4.5 4.4 5 2.6 35.88,035 words
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Article1705 2012-03-10 26 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 $mil 34 12.1 t 800 Super 17.4 15.5 17.5 4.7 3.2 6.7 31.1 4.5 2.5 t AA Grp 3.6 3.5 4 3.5 170 42 t APStrategic1,705 words
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Article186 2012-03-10 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 4 0 0 0 6 7 4 Manufacturing 61 53 36 8 6 5 69 59 41 Commerce 22 19 16 4 1 1 26 20 17 Tpt/Stor/Comms 14 17 8186 words
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Article809 2012-03-10 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 5 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Lee Kim Tah Hldgs 9-Dec-12 Lee Siew Lian *Buy 1199 na *****4 66.20 *****3 66.44 IPC Corp809 words
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Article121 2012-03-10 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,177 12,177 49,662 49,662 Manufacturing 230,953 36,740 267,693 259,351 1,278 260,628 Commerce 112,015 3,507 115,522 131,148 325 131,473 Tpt/Stor/Comms 139,429 8,475 147,904 151,305 1,701 153,005 Finance 13,317 40 13,357 119,266 6 119,272 Construction 80,666 73,483121 words
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MARKETS
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Article80 2012-03-10 27 Mar 8 COCOA (£/tonne) Close Prev High/Low Mar 12 1504 1452 1515/1444 May 12 1540 1475 1545/1469 Jul 12 1552 1490 1557/1484 Sep 12 1556 1499 1568/1492 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2088 2028 2090/2036 May 12 2088 2031 2090/2008 Jul 12 2040 1995 2042/1975 Sep 12 204180 words
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Article69 2012-03-10 27 Mar 9 GOLD(US$/oz) Mar 09 Mar 08 Hong Kong 1706.00 1702.00 Hong Kong Mar 08 Mar 07 London 1694.22 1684.11 1695.05 1684.88 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 42.86 42.20 Source: UOB PLATINUM/ Lon (US$/oz) Mar 08 Close Previous PM Fix 1634.00 1627.00 AM Fix 1644.0069 words
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Article57 2012-03-10 27 Mar 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3320.0 3290.0 3332.0 3320.0 95 1286 Apr 12 3340.0 3310.0 3372.0 3339.0 941 ***** May 12 3324.0 3303.0 3368.0 3320.0 ***** ***** Jun 12 3310.0 3293.057 words
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Article80 2012-03-10 27 Mar 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 07-Jun-12 0.32 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.63 108.78 108.73 Day's 10-Year80 words
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Article154 2012-03-10 27 Mar 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3321 1.3336 1.0626 1.0630 Canadian dollar 1.2652 1.2670 1.0093 1.0099 Euro 1.6575 1.6591 1.3222 1.3224 NZ dollar 1.0328 1.0340 0.8239 0.8242 Sterling pound 1.9804 1.9823 1.5798 1.5800154 words
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Article, Illustration104 2012-03-10 27 As on 8 March 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1704.10 1684.90 1698.90 500 CURRENCY AUD-USD FUT MAR2012 1.0623 1.0587 1.0623 12 EUR-USD FUT MAR2012 1.3279 1.3141 1.3264 ***** BASE METAL COPPER FUT104 words
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Article103 2012-03-10 27 Mar 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 12 1332.50 1321.50 1333.00 1320.50 May 12 1338.50 1326.75 1339.00 1324.00 Jul 12 1344.75 1333.50 1345.00 1331.75 Aug 12 1336.50 1325.75 1335.75 1325.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 12 53.02 52.61 53.42 52.61103 words
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Article74 2012-03-10 27 Mar 8 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 125.86 3.26 WTI (Near Mth) 106.99 0.64 Dubai (1-Mth F) 121.47 1.94 Tapis blend 134.13 2.11 Minas 133.93 2.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 119.78 1.67 Jet Kerosene 135.25 1.45 US$/barrel OpecOil Basket Price 121.7674 words
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Article118 2012-03-10 27 Mar 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.362 1.298 Can dollar 1.286 1.237 Euro 1.692 1.627 Sterling pound 2.018 1.941 NZ dollar 1.06 1.01 US dollar 1.27 1.222 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2012-03-10 27 Mar 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2162.25 2165.25 3 months 2206.00 2209.00 Copper, Grade A (US$/tonne) Cash 8331.00 8293.25 3 months 8330.00 8295.00 Lead (US$/tonne) Cash 2095.75 2059.00 3 months 2124.00 2090.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-03-10 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 8 Index Change Change Change Change Change Change World Preliminary 900.7 1.1 8.6 0.6 5.3 1.4 9.0 EAFE Preliminary 743.0 1.6 8.9 1.4 5.9 2.2 9.6 Europe Preliminary 1103.6 1.7 7.5373 words
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Article, Illustration91 2012-03-10 27 YTD change:+11.97% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:+14.38% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +5.65% 52-week high: 13,055.70 on Feb 29,2012 52-week low: 10,404.40 on Oct 4,2011 (ChartSource: Bloomberg; Dec Feb Source: Bloomberg - 91 words
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PERSPECTIVE
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Article, Illustration939 2012-03-10 28 / 29 Anthony Rowley - Not much the Japanese can do about what lies beneath but designing man-made structures so as not to invite disaster will help them sleep better Anthony Rowley Tokyo correspondent IS JAPAN going to sleep soundly tonight? I doubt it, because tomorrow marksAFP - 939 words
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Article, Illustration816 2012-03-10 28 / 29 Robert Samuelson - Robert Samuelson The Washington Post Writers Group IT TURNS out that “budget sequestration”, portrayed as an evenhanded way to spur bipartisan negotiations over budget deficits, is actually a dagger aimed at America’s defence spending. The president and other top administration officials have saidThe Washington Post Writers Group - 816 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1313 2012-03-10 30 / 31 Genevieve Cua - It’s best to deal with regulated entities and to be clear about exit procedures Genevieve Cua gen@sph.com.sg Personal Finance Editor INVESTING in wine would seem to be an attractive proposition: an alternative investment that supposedly zigs when the market zags. What’s more, price appreciation ofBLOOMBERG - 1,313 words
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Article377 2012-03-10 30 / 31 WINE Exchange Asia’s Lou Ghirardello offers some advice on sussing out the investment value of fine wine. Rule number one, he says, is to ascertain the pedigree. “The wine must have a heritage, a pedigree you can trace back if not centuries, then at least decades.377 words
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Article782 2012-03-10 30 / 31 Jamie Lee - Compiled by Jamie Lee ST Engineering Hold DBS Vickers Securities March 9 Close: $3.09| FOLLOWING recent media reports, ST Engineering (STE) finally confirmed that it has received an official order from the Indian Ordnance Factory Board (OFB) cancelling all agreements with ST Kinetics and barring ST Kinetics from782 words
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Article, Illustration882 2012-03-10 32 BJ Ooi - Knowing how and what to declare is important because the tax payable affects you and your family’s disposable income WEALTH INSIGHT BJ Ooi KPMG ~The writer is partner and head of private client services at KPMG in Singapore TAX filing season is uponFILE PHOTO - 882 words
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Article, Illustration1379 2012-03-10 33 Teh Hooi Ling - At current price levels, high dividend yielders on Singapore Exchange remain decent investment options SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent THE Straits Times Index (STI) component stocks have done well in generating profits and sharing those profits with their shareholders overSource: Compiled by BT with data from Bloomberg - 1,379 words
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WEALTH REAL ESTATE
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Article917 2012-03-10 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 8 AND FEB 14,2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alexis Apt 10/02/2012 FH 840 836 995 Alexis Apt 13/02/2012 FH 560 928 1657 District 4917 words
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Article, Illustration389 2012-03-10 35 Michelle Tan - Foreign funds’, investors’ interest in local commercial property wanes By Michelle Tan michtyz@sph.com.sg Singapore CROSS-BORDER capital flows are the first to trend south when investment sentiment wanes, and this trend is becoming increasingly apparent in Singapore as the nation’s share of cross border investmentSource: CBRE Research - 389 words
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Article, Illustration528 2012-03-10 35 Bloomberg Shanghai CHINA’S home sales declined 25 per cent in the first two months of the year as the government pledged to maintain its housing curbs. The value of homes sold fell to 336.6 billion yuan (S$67 billion) from a yearBloomberg; REUTERS - 528 words
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172 2012-03-10 35 Bloomberg London A MORGAN Stanley unit and Wainbridge Capital Ltd have reached a joint-venture agreement to develop London real estate, the two companies said yesterday. The partnership will seek to “unlock significant value through redevelopment, refurbishment and other asset management initiatives” from office buildingsBloomberg - 172 words
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Page 36 Advertisements
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Advertisement51 2012-03-10 36 h 3 A c v 'L rr ft TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CONGRATULATIONS RORY MCILROY WINNER OF THE HONDA CLASSIC. WORLD NUMBER ONE, AGED 22. illDEMAiSPlClF m AUTO "4ATir A w |-9 3T. V.20 w W Le Brass us For enquiries, Tel: (65) 6238 667851 words
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Advertisement61 2012-03-10 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 10 11 2012 SHAKING THINGS UP More restaurants are offering full bar services L2-5 PERSONAL SPACE Free and easy L10-11 CAPINRINHA FLOAT PHOTO: RIO TAPAS DINING Fire in the belly L6-7 GOLF Lydia Ko: A rising star at 14 L17 TRAVEL Water way to travel61 words
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BT Living
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DINING
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Article, Illustration2152 2012-03-10 2 / 3 Melissa Lwee-Ramsay - As the cocktail culture catches on, more restaurants here are offering full bar services to cater to the growing clientele. By Melissa Lwee-Ramsay By Melissa Lwee-Ramsay mellwee@sph.com.sg LIKE its much-celebrated cuisine, the design of Tetsuya Wakuda’s fine dining restaurant Waku Ghin is nothing if not subtle. WhichBALZAC PHOTO BY YEN MENG JIIN; WAKU GHIN PHOTOS BY ARTHUR LEE - 2,152 words
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Article, Illustration1093 2012-03-10 4 / 5 Melissa Lwee-Ramsay - BT Weekend looks at some F&B outlets that offer full bar services. By Melissa Lwee-Ramsay Balzac #01-01 Rendezvous Hotel Gallery 9 Bras Basah Road Z6336 0797 NO decent brasserie would be caught dead without a decent bar, insists food service and hospitality consultant Carl Kjellqvist. This explains why1,093 words
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Article, Illustration2780 2012-03-10 6 / 7 Bryan Koh; Debbie Yong; Anna Lee - In celebration of International Women’s Day, BT Weekend speaks to three women chefs who have braved the troughs to set their sights on the peaks of a male-dominated profession By Bryan Koh bryankoh@sph.com.sg By Debbie Yong debyong@sph.com.sg By Anna Lee annalee@sph.com.sg Karla Mendoza Pizzeria Mozza COOKINGYEN MENG JIIN - 2,780 words
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TRAVEL
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Article, Illustration1267 2012-03-10 8 / 9 Geoffrey Eu - With a new international cruise terminal due to open at Marina Bay soon, the sea’s the limit when it comes to travelling by ship. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg NOT too long ago, cruising was a generic term that in the local context wasPHOTOS BY GEOFFREY EU - 1,267 words
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HOME & GARDEN
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Article, Illustration1030 2012-03-10 10 / 11 Corinne Kerk - The Phuas’ minimalist, cafe-inspired home not only provides refuge from a busy work day, it also makes them forget they are in Singapore. By Corinne Kerk personal space By Corinne Kerk btnews@sph.com.sg WHEN Lennard and Cheryl Phua had to move for the most Singaporean of reasons toPHOTOS: LENNARD PHUA, YEN MENG JIIN - 1,030 words
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WELLNESS
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Article, Illustration970 2012-03-10 12 / 13 Jaime Ee - There are all kinds of detox diet out there for those who feel that their digestive system is in need of some cleansing. But do they really work? Jaime Ee looks for answers Jaime Ee jaime@sph.com.sg WHEN it comes to food, gourmands and nutritionists attack970 words
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Article, Illustration837 2012-03-10 12 / 13 A TRAINED microbiologist who spent over 15 years in the healthcare industry, Pooja Vig has found her real calling in nutrition, which she saw as an effective means of healing the body. With an advanced diploma in nutritional therapy and currently completing her masters, she offers a837 words
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HEALTH
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Article, Illustration937 2012-03-10 14 Cheah Ui-Hoon - More runners are turning to running coaches and undergoing physiological tests in order to improve their performance. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg IT’S no longer enough just to be a recreational runner. As Singapore now has a full, diverse and challenging running calendar for937 words
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GADGETS
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Article, Illustration881 2012-03-10 15 Christopher Lim - Ardent iFans limbering up for the big queue on March 16 may find the latest tablet from Cupertino just a little hard to swallow. By Christopher Lim By Christopher Lim limchris@sph.com.sg MOST people expected Apple to unveil its latest iPad tablet on Wednesday, but few anticipatedPHOTOS: APPLE - 881 words
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SPORTS
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Article, Illustration625 2012-03-10 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent I HAD set my alarm clock on Wednesday night to wake up at 3.45 am to catch Barcelona’s game against Bayer Leverkusen in the Champions League. Fatigue got the better of me, however, and I shutAP - 625 words
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560 2012-03-10 16 Christy simson - kick off with Christy simson SINGAPORE and the rest of the world celebrated International Women’s Day two days ago. The annual event focuses largely on developing countries and key issues like the empowerment of rural women, equal access to education, and HIV awareness.560 words
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GOLF
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Article, Illustration1061 2012-03-10 17 Justine Moss - At the tender age of 14, Korean-born New Zealander Lydia Ko became the youngest person ever to win a professional golf tour event and is currently ranked the world’s top amateur woman golfer. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Lydia Ko won theRICHARD CASTKA/SPORTPIXGOLF.COM - 1,061 words
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MOTORING
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Article, Illustration596 2012-03-10 18 Samuel Ee - The Mini Roadster is the carmaker’s first open-top two-seater. By Samuel Ee samuelee@sph.com.sg MINI likes to compare itself with the go-kart because of its cars’ legendary handling abilities and few would demur. Now, the iconic brand’s sixth model promises to make the experience even more kart-like. The Mini596 words
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Article, Illustration556 2012-03-10 19 Samuel Ee - The Geneva Motor Show is usually associated with the debut of ultra-luxury or super fast models. By Samuel Ee samuelee@sph.com.sg THE glam factor at this year’s Geneva Motor Show may be less obvious but it certainly isn’t for a lack of effort. Ferrari took the covers off itsPHOTOS: AP, AFP - 556 words
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Article, Illustration627 2012-03-10 20 Samuel Ee - The updated C63 AMG has a much bigger engine under the hood to drive the rear wheels. By Samuel Ee samuelee@sph.com.sg FISCAL penalties mean that the Singapore market has a strong preference for big cars with small engines. But that does not mean there are no interesting models627 words
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Advertisement779 2012-03-10 12 / 13 wine&dinewith BTWeekend Mandarin Court Mandarin Orchard Singapore 333 Orchard Road Z6831 6288 Ascend 35 stories of the Orchard Wing and arrive in style at Mandarin Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in Executive Chinese Chef Sunny Kong’s signature dishes such as Classic Peking Duck, Double-boiled Assorted779 words
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Advertisement258 2012-03-10 14 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a258 words
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Advertisement36 2012-03-10 15 HOME NEE S Secure your home with a proper home security system. To find out more, turn to CLASS 105 in CATS Classified in r -tj The Straits Times now. BUY IT* SELL IT* FIND IT36 words
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