The Business Times, 28 April 2012
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2012-04-28
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The Business Times
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Title Section21 2012-04-28 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| APRIL 28-29, 2012 S$1.00| MICA (P) 121/08/2011 Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION21 words
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652 2012-04-28 1 New bank rules coming next month; Danamon shares down Reuters Jakarta INDONESIA will issue new rules on bank ownership next month that may jeopardise a US$7.3 billion bid by Singapore’s DBS Group to buy a local lender, the latest policyReuters - 652 words
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Article, Illustration1264 2012-04-28 1 Nisha Ramchandani - Both parties have enjoyed the first lap but are doing the math before extending contract By Nisha Ramchandani nishar@sph.com.sg Singapore THE Republic would lose if its five-year affair with the Grand Prix race draws to a close. Formula One (F1) standsFILE PHOTO - 1,264 words
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Page 1 Advertisements
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Advertisement172 2012-04-28 1 www. usinesstimes.com. MOTORING The nimble Suzuki Swift Sport L18 PRIVATE HOMES Consultants see no glut SOME property consultants are starting to switch their views on the private housing market from an oversupply story to one of potential shortage, based on the latest Urban Redevelopment Authority supply and demand numbers. 2172 words
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Advertisement8 2012-04-28 1 THE RAFFLES CONVERSATION PAUL BULCKE, NESTLE CEO 10-118 words
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Advertisement19 2012-04-28 1 WEALTH Financial advisers: Changes for the good 30-31 45DBS Q1 net profit soars to a record $933m, Page 1219 words
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TOP STORIES
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Article, Illustration1115 2012-04-28 2 Kalpana Rashiwala - Views changing from oversupply to potential shortfall By Kalpana Rashiwala kalpana@sph.com.sg Singapore SOME property consultants are starting to switch their views on the private housing market from an oversupply story to one of potential shortage, especially in the hot-selling Outside Central Region (OCR),Source: URA - 1,115 words
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Article89 2012-04-28 2 IN “Apparent shift in SGX’s position highlighted in court” (BT, April 27), we misquoted SGX’s lawyer, Davinder Singh, as saying: “Listing Rules in its entire teeth remains in the contract domain.” He had said: “Listing Rules in their entirety remain contractual, and Section 203 is a parallel enforcement process.”89 words
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611 2012-04-28 3 Michelle Tan - Number of applications for resale flats falls 0.5 per cent quarter-on-quarter to 5,892 By Michelle Tan michtyz@sph.com.sg Singapore IT appears that home buyers are starting to chuck the old for the new, on the back of the government’s bumper rollout of new flats611 words
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598 2012-04-28 3 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore THE Urban Redevelopment Authority’s industrial price index bucked the trend yesterday, recording 7.3 per cent quarter-on-quarter growth in the opening quarter of 2012, an improvement from the 4 per cent rise seen previously. The rental index,598 words
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Article, Illustration56 2012-04-28 4 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 L8-10 Design L11-13 Home Garden L14-1556 words
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558 2012-04-28 4 Neil Behrmann - Yields hover around 6%; lukewarm reception to Italy’s bond issue with same rating as Spain By Neil Behrmann bt wo rl d @s p h .co m .sg London THE eurozone’s clouds are darkening again. Spanish debt has been downgraded and the latest558 words
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MARKETS
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Article48 2012-04-28 4 us$ s$ US$ (S$ per US$) 1.242 (US$/S$ per 1.619 2.011 EURO(US$/S$/E) 1.319 1.637 Foreign currency per US$ S$ YEN 80.70 65.00 RM 3.051 2.457 HK$ 7.759 6.249 BAHT 30.85 24.85 RUPIAH 9,193 7,403 RENMINBI 6.308 5.080 INDIAN RUPEE 52.63 42.39 A$ 0.963 0.775 NZ$ 1.229 0.99048 words
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Article60 2012-04-28 4 GSTI 2,981.58 (+0.11) GSTI FUTURES 2,982 (+5) GSIMSCI 343.24 (+0.64) GSIMSCI FUTURES 343.40 (+1.30) Friday Change Friday Change KL COMP 1,567.80 -11.89 NIKKEI 225 9,520.89 -40.94 HANG SENG 20,741.45 -68.26 SET 1,211.78 +2.51 JAKARTA 4,163.98 -16.33 MANILA 5,169.05 -49.92 KOSPI 1,975.35 +11.31 SHENZHEN B 671.24 +1.03 MUMBAI IND 17,134.2560 words
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Article29 2012-04-28 4 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.535 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, Illustration440 2012-04-28 5 Chuang Peck Ming - His May Day message also calls for slowing the growing income gap By Chuang Peck Ming peckming@sph.com.sg Singapore LABOUR chief Lim Swee Say says Singapore must not only fight hard and work smart to attract good investments and create good jobs, it mustFILE PHOTO - 440 words
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Article, Illustration644 2012-04-28 6 Kelly Tay - Partnership may encompass joint investments in Laos, Cambodia, Myanmar By Kelly Tay kellytay@sph.com.sg Ho Chi Minh City A STRATEGIC partnership between Vietnam and Singapore, if cemented, could see the two countries jointly investing in Myanmar in the near future. Speaking at the close of his inauguralLIANHE ZAOBAO - 644 words
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477 2012-04-28 6 LATEST US DATA Reuters Washington US economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a moderate pace, but stronger demand for automobiles softened the blow. Gross domestic product (GDP) expanded at a 2.2 per centReuters - 477 words
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Article, Illustration601 2012-04-28 7 Lynn Kan - Academics to industry specialists from many countries excited about Next Generation Container Port Challenge By Lynn Kan lynnkan@sph.com.sg Singapore Singapore A SINGAPORE competition seeking “revolutionary” ideas for a future container port is anything but a locals-only affair even as it is concerned with601 words
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404 2012-04-28 7 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore HONG Fok Corp yesterday resisted the Singapore Exchange’s (SGX) request to post the minutes of its controversial annual general meeting (AGM) on the exchange’s website, citing provisions in the Companies Act. SGX queried the property developer404 words
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386 2012-04-28 8 Ronnie Lim - PowerGas setting up bypass as repairs to seal the pipeline leak may take up to six weeks By Ronnie Lim ronnie@sph.com.sg Singapore YTL-OWNED genco PowerSeraya and seven other affected petrochemical companies can expect resumption of their disrupted Indonesian gas supplies in about386 words
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Article, Illustration509 2012-04-28 8 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) once again failed to live up to expectations yesterday when it announced only modest monetary easing measures instead of the bold steps that financial markets had been looking for. The BOJ eased policyREUTERS - 509 words
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Page 2 Advertisements
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Advertisement62 2012-04-28 2 SAMSUNG HUB Premium Strata Office For Sale 999 years leasehold Approx. 200 metres to Raffles Place MRT Station Excellent floor to ceiling height Large floor plate with regular layout 4 strata units per floor Unit size: 2,906 to 3,875 sq ft Choice of individual units and whole floor Low Choon62 words
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Page 3 Advertisements
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Advertisement106 2012-04-28 3 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS *1 Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM' A Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan. From $2,699 $35,000 I PMC, Lindemann Hifi/Cinema System Made106 words
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Advertisement10 2012-04-28 3 45Marina Square extension, Middle Rd hotel get nod, Page 1710 words
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Page 5 Advertisements
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Advertisement88 2012-04-28 5 SINGAPORE —SWEEP— 1 st prize $2 ,200,000 $500,000 $250,000 $550,000 2 nd PRIZE 3 rd PRIZE SUPER SWEEP SNOWBALLED TO ■HHiHS*' 1 1st Prize S2.2 Million I 2nd Prize S500.000 "W.-Vi ISSLh NOSTA^ngapo^ 05/2012 °>OST Date-Wedoewlay. 3*Sr D,aw {*****.940 DRAW ON WEDNESDAY, 2 MAY 2012 p |_/\yA Always play with88 words
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Advertisement109 2012-04-28 5 1 SUN LAN D i RESIDENCE v» 3 Double Storey Terrace House 22 x 75 From $130,000 o o o o SUNLAND RESIDENCE vsli...L,-...... Large Built Up from 1,980 sq ft Large Master Bedroom from 360 sq ft Four Bedrooms and Four Bathrooms Columnless Driveway allows 2 cars to park109 words
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Page 7 Advertisements
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Advertisement37 2012-04-28 7 i/v/V JACKPOT Estimated Draw on Mon, 30 Apr 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Always play with care, [responsibly] Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS37 words
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Page 8 Advertisements
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Advertisement673 2012-04-28 8 [CATS NOTICES CHINA KANGDA FOOD COMPANY LIMITED (Incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 834) (Singapore Stock Code: P74) NOTICE OF SGM NOTICE IS HEREBY GIVEN that special general meeting (the “SGM”) of China Kangda Food Company Limited (the “Company”) will be held at Room 4215, Office673 words
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WEEK IN REVIEW/WEEK AHEAD
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this week | April 23-27, 2012
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41 2012-04-28 9 NOT all shipyards are faced with thinning contract books and mulling over how to fill their docks in the coming years. Ship scrapping or ship recycling yards have been enjoying the opposite fortunes of shipbuilders.41 words
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66 2012-04-28 9 SKILLS upgrading, job restructuring and retraining are more effective ways of getting workers to move up the value chain than wage shock therapy, which may not translate to higher productivity, top management of Singa-pore-based companies say. While they agree that the66 words
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51 2012-04-28 9 EVEN without the policy moves to curb inflows, the supply of blue-col-lar foreign workers in Singapore could be drying up. Low wages, the high cost of living here, and better prospects in the workers’ home countries have all played a part in this51 words
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60 2012-04-28 9 BARELY two weeks have passed since the central bank tightened monetary policy in Singapore, and already market watchers are flagging the possibility of a tougher stance ahead. The trigger? A sharp 5.2 per cent year-on-year surge in headline inflation in March, up60 words
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36 2012-04-28 9 A CONTROVERSIAL tie-up through a share swap agreement between Malaysia Airlines and AirAsia is believed to have been cancelled by the government following protests from the national airline’s powerful unions.36 words
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60 2012-04-28 9 SINGAPORE’S population will reach a significant turning point this year: the first cohort of ba-by-boomers those born between 1947 and 1965 will start retiring. This will pile considerable pressure on the working population and have stark implications for businesses as the country stares at a60 words
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54 2012-04-28 9 AFTER going into deep freeze since the additional buyer’s stamp duty was introduced on Dec 8, resale transactions of completed private homes snapped back to life in March. The recovery was partly disguised amid the first quarter figures, weighed down by dismal volumes54 words
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71 2012-04-28 9 ALLEGATIONS of industrial land being misused for commercial activities have surfaced in a dispute over sublease rental rates between Delifrance Singapore and its landlord Lim Chee Guan Food Industries. Delifrance is fighting the bak kwa maker in the High Court71 words
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Article, Illustration19 2012-04-28 9 Gold continues to enjoy a shiny outlook... although near-term volatility makes short-term trading hazardous, analysts say BLOOMBERGBLOOMBERG - 19 words
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65 2012-04-28 9 SINGAPORE’S corporate governance standard has inched up, but there is still great room for improvement, this year’s Governance and Transparency Index showed. The mean score of all companies reviewed unveiled at the CPA Forum stood at 34.9 points out of a maximum of65 words
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52 2012-04-28 9 RENEWED volatility in financial markets has put the focus on gold again, but the refuge of choice is itself on a bumpy ride. Gold continues to enjoy a shiny outlook amid strong demand trends, although near-term volatility makes short-term trading hazardous,52 words
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64 2012-04-28 9 LAYOFFS rose a touch last year, due largely to more workers being axed in the services sector, even though there were fewer redundancies in other sectors. Against a bigger employment base, the overall number of workers for every 1,000 workers made redundant64 words
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Article67 2012-04-28 9 NEXT WEEK April 30-May 4 US DATA April 30 March personal income May 1 March construction spending May 2 March factory orders May3 Q1 productivity preliminary May 4 April non-farm payrolls Unemployment rate SINGAPORE DATA April 30 March unemployment rate Q2 business expectations CHINA DATA May 1 April official purchasing67 words
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Page 9 Miscellaneous
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Miscellaneous330 2012-04-28 9 Across 1 In goal blocking shot (6) 4 Northerner once seen flying along the track? (8) 10 Sportswear, and more feminine, belonging to us (4,5) 11 Important area around northern country (5) 12 Give ground in harbour (7) 13 Set of clothes still worn by deceased (7) 14 Notice about330 words
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Miscellaneous14 2012-04-28 9 SATURDAY with Ludwig ‘In 1978 your dad was what was then considered as macho14 words
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THE RAFFLES CONVERSATION
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Article, Illustration2305 2012-04-28 10 / 11 Joyce Hooi - Nestlé, the world’s biggest food company, embodies scale and purchasing power, and CEO Paul Bulcke has become adept at turning challenge into opportunity at every outpost. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg THE thing about helming a company that has a stake in the real estateYEN MENG JIIN - 2,305 words
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COMPANIES
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Article, Illustration554 2012-04-28 12 Siow Li Sen - Rise of 16% from a year ago; performance exceeds all expectations By Siow Li Sen lisen@sph.com,sg Singapore DBS Group Holdings yesterday said Q1 net profit rose to a record $933 million, up 16 per cent from a year ago, and 28ST FILE PHOTO - 554 words
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Article, Illustration469 2012-04-28 12 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg Singapore AURIC Pacific Group, which will see SMRT Corp’s former chief executive Saw Phaik Hwa come onboard as CEO in May, is banking on Ms Saw’s retail background to help strengthen the group’s food retail segment. “She was469 words
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543 2012-04-28 13 Joyce Hooi - Settlement agreement likely to be executed by May 9 By Joyce Hooi joyceh@sph.com.sg Singapore THE settlement agreement that will see Soup Restaurant Group’s parting from the Dian Xiao Er (DXE) chain of firms is expected to be signed543 words
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Article, Illustration436 2012-04-28 13 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore SUNPOWER Group may now have to deal with an unhappy major shareholder after booting him out as executive director. Shareholders on Thursday voted against the re-election of company co-founder Li Lai Suo as executive director after the firm said thatFILE PHOTO - 436 words
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446 2012-04-28 13 Jamie Lee - By Jamie Lee leejamie@sph.com.sg Singapore SOME shareholders at China Paper Holdings disagreed with the use of rights issues to raise $32.3 million for a power generation facility, noting that the company should take on debt instead, they told BT before a shareholders’ meeting yesterday.446 words
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Article, Illustration1008 2012-04-28 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent IT’S not often that a penny stock assumes the role of market leader, but that was the case this week when a significant portion of trading energies here was concentrated on JEL, a counter that a1,008 words
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230 2012-04-28 14 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL is set to recognise a gain of $118 million from the sale of its entire stake in Taiwan’s Far EasTone Telecommunications. The telco announced the sale of its 3.98 per cent stake in Far230 words
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Article, Illustration246 2012-04-28 14 Michelle Tan - By Michelle Tan michtyz@sph.com.sg Singapore IT LOOKS like the planned listing and initial public offering (IPO) of M&L Hospitality Trusts on the Singapore Exchange has been put on hold following a less-than-ideal book coverage outcome, according to a press release by its sponsor, Grandline International246 words
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375 2012-04-28 15 Nisha Ramchandani - Group steps up investments in transformational programme to drive future growth; proposes 2.5-cent final dividend By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Post (SingPost) saw net profit for the fourth quarter ended March 31, 2012 slide 17.4 per cent to $30.55 million due to375 words
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259 2012-04-28 15 Jamie Lee - By Jamie Lee leejamie@sph.com.sg Singapore ELEKTROMOTIVE Group has taken action to freeze assets held by Christopher Pan, who was part of a consortium that sold assets injected into the company via a reverse takeover. Mr Pan, through his company, Calypso Holdings Investments, had sold259 words
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366 2012-04-28 15 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore OFFICE landlord Singapore Land (SingLand) yesterday posted a 14 per cent jump in its first-quarter net profit to $55.48 million, mostly helped by increased unit sales and a higher completion rate at its Trizon project. As a result,366 words
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310 2012-04-28 15 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore THE days of being a groundbreaking initial public offering specialist are over for Asiasons WFG, directors told investors at the company’s annual general meeting yesterday. “We will be focusing more on the proprietary investments, private equity and310 words
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Page 15 Advertisements
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Advertisement241 2012-04-28 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF FAIR FIELD PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****5230D) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 26 April 2012,241 words
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FROM THE DESK OF
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Article, Illustration916 2012-04-28 16 Steven Ch’ng - A single bill and statement for multiple voice, data, media and content services paves the way for telcos to control costs and better serve subscribers with varying needs FROM THE DESK OF Steven Ch’ng Vice president and general manager sales, Asia Pacific Convergys Smart916 words
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SINGAPORE
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375 2012-04-28 17 Mindy Tan - Many projects win URA provisional permission in Q1 By Mindy Tan tanmindy@sph.com.sg SOME interesting projects received provisional permission from the Urban Redevelopment Authority in the first quarter of this year. In particular, Marina Centre Holdings received the go-ahead for its intended additions375 words
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Article, Illustration220 2012-04-28 17 Arthur Lee - By Arthur Lee arthurl@sph.com.sg SOME 7,000 cakes have brought cheer to Uzbekistani children born with facial deformities. A charity event held jointly by staff from the Ritz Carlton and Marriott netted $113,000 from the sale of the cakes for the Singapore chapter ofARTHUR LEE - 220 words
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324 2012-04-28 17 Amanda Eber - By Amanda Eber aeber@sph.com.sg ASIA is fast becoming the No 1 destination for those being posted overseas, according to a global study by professional services firm Towers Watson that was released yesterday. The study was conducted from September to March 2012 with more than324 words
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Article297 2012-04-28 17 Timothy Loh - By Timothy Loh timloh@sph.com.sg THE PME (professionals, managers and executives) Job Network was launched yesterday. It is a collaboration between the Ministry of Manpower (MOM) and professional recruitment consultancy Robert Walters. The online portal will enable PMEs to look for and access employment opportunities in various297 words
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Article, Illustration471 2012-04-28 18 Ronnie Lim - Integrated Tuas unit achieves 9% cost reduction in Q1 By Ronnie Lim ronnie@sph.com.sg RENEWABLE Energy Corporation’s (REC) flagship $2.5 billion Singapore integrated plant is holding its own the Norwegian group’s latest Q1 results show even as solar cell makers worldwide continue to bleed amidFILE PHOTO - 471 words
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Page 18 Advertisements
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Advertisement54 2012-04-28 18 mBUSlNESSW^ IP Morgan < T-- 1 ziS c-Cir to EMO con on ,J v Q IW Quotient _v ,Tf m Save almost 40% when you subscribe to The Business Times Sharelnvestor! Promotion ends 6 May 2012. Act now! To subscribe, please call 6388 3838 or email circs@sph.com.sg sph THE BUSINESS54 words
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WORLD
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485 2012-04-28 19 Anthony Rowley - It warns of impact to region should exports fall and if foreign capital flows were reversed By Anthony Rowley btworld@sph.com.sg Tokyo WARNINGS about the dangers of a renewed slowdown in the eurozone, and the need for Asia to be485 words
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Article, Illustration429 2012-04-28 19 Bloomberg Vienna NOBEL Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent towards “suicide”. “There has never been any successful austerity programme in any large country,” Mr Stiglitz, 69, told reporters in ViennaBloomberg; BLOOMBERG - 429 words
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327 2012-04-28 19 AFP Shanghai THE website of China’s flagship Communist Party newspaper made a stellar stock market debut yesterday as investors snapped up the first listed government news portal. People’s Daily Online operator of www.people.com.cn surged nearly 74 per cent from itsAFP - 327 words
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909 2012-04-28 20 G20 finance ministers want IASB and FASB to fix single set of rules for investors by mid-2013 Reuters London FINANCE ministers from the world’s top 20 economies (G20) have given two global accounting bodies until mid-2013 to agree on a set of rules toReuters - 909 words
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Article, Illustration589 2012-04-28 21 Germany can’t make Europe’s decisions alone, says frontrunner in French presidential race Bloomberg Paris FRANCOIS Hollande, the frontrunner in the French presidential race, stepped up his opposition to Chancellor Angela Merkel’s belt-tightening solution to Europe’s crisis, saying Germany can’t steamroll the region. “It’s not for GermanyBloomberg; BLOOMBERG - 589 words
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428 2012-04-28 21 Bloomberg Reuters Kuala Lumpur MALAYSIAN protesters demanding fair elections plan to rally 100,000 people today without government permission in a test of Prime Minister Najib Razak’s pledge to allow greater freedom ahead of a national vote. Stocks fell as the Coalition for Clean and FairBloomberg; Reuters - 428 words
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316 2012-04-28 21 Bloomberg New Delhi INDIAN companies may delay share sales worth about 400 billion rupees (S$9.4 billion) after a government official said that the regulator plans to extend a deadline for owners to trim their holdings amid a market slump. The benchmarkBloomberg - 316 words
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Article, Illustration668 2012-04-28 22 It is launching next week a new version of Galaxy smartphone which is already outselling iPhone Reuters AP Seoul SAMSUNG Electronics made a record US$5.2 billion profit in the first quarter, overhauling Nokia as the world’s top mobile phone seller, and its Galaxy smartphones outstrippedReuters; AP - 668 words
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414 2012-04-28 22 S Jayasankaran - By S Jayasankaran btworld@sph.com.sg Kuala Lumpur FELDA Global Ventures Holdings’ gross profit rose 9 per cent to RM2.1 billion in 2011, according to its draft prospectus which was released yesterday. FGVH, which is preparing for its initial public offering (IPO) in414 words
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Briefing
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98 2012-04-28 22 Bloomberg FrankfurtGermany’s Soffin rescue fund, which aided lenders including Commerzbank AG and HSH Nordbank AG during the financial crisis, posted a 13.1 billion-euro (S$21.5 billion) loss last year after taking part in Greece’s debt swap. Liquidity guarantees, which stood at 28.2 billionBloomberg - 98 words
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99 2012-04-28 22 AFP Hong Kong Chinese banking giants the Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (AgBank) reported an increase in their first quarter net profit yesterday, boosted by growth in interest income. ICBC, the country’s biggest lender, said its netAFP - 99 words
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79 2012-04-28 22 AP Dearborn, Michigan Ford Motor said yesterday its net income fell by 45 per cent in the first quarter as European sales plummeted and the company paid higher taxes. Ford earned US$1.4 billion, or 35 cents per share, in theAP - 79 words
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Page 20 Advertisements
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Advertisement53 2012-04-28 20 MATS RECRUIT r i IE Singapore is looking for Regional Directors and Managers UOL Group needs a Property Manager Wearnes Automotive is hiring a Marketing Manager Pfizer Singapore requires a QC Laboratory Analyst KLATencor is seeking a Manufacturing Engineer (Robotics) Check out more than 500 jobs, including a feature on53 words
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Advertisement46 2012-04-28 20 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE BUKIT BROWN ROAD PROJECT WORTH THE TROUBLE? &82/; &2); .245 16 +4 4!8:1;+94;8 5!186 01); 3, 2)4;8+(4 .245 45;4!8:1;4;+*’ 4;64 &82/; 5"1)&+2$6 S ROUUJ ruKMCt zx. FIT FOR SPEED I HOW FI DRIVERS STAY I IN SHAPE "F, 3051 %)01 !!!*#.&$,004*&02(’0+-%$*)51"./0+$46 words
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Article8153 2012-04-28 23 Transaction date: Apr 27 Transaction date: Apr 27 Transaction date: Apr 27 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 16.5 11.5 8Telecom 14cd 13.4 16 66.8 0.4 3.4 67 9.5 4 A-Sonic 5.38,153 words
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Article1788 2012-04-28 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 $mil 34 12.1 t 800 Super 16.8 16 17.2 4.7 3.3 6.5 30 4.5 2.5 t AA Grp 3.3 3.4 4.3 3.2 165 39 t APStrategic1,788 words
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Article186 2012-04-28 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 34 86 35 2 16 5 36 102 40 Commerce 15 36 15 1 9 1 16 45 16 Tpt/Stor/Comms 13 20 8186 words
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Article829 2012-04-28 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) OCBC 26-Apr-12 David Philbrick Conner *Buy 381 na 759 0.02 1140 0.03 Swing Media Tech 26-Apr-12 Hui829 words
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Article119 2012-04-28 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,837 17,837 58,776 58,776 Manufacturing 480,485 276,887 757,372 189,504 5,163 194,667 Commerce 655,467 54,513 709,980 158,000 2,708 160,708 Tpt/Stor/Comms 115,490 18,403 133,893 186,015 5,842 191,857 Finance 26,075 26,075 272,245 272,245 Construction 351,737 65,908 417,645 19,246119 words
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MARKETS
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Article80 2012-04-28 27 Apr 26 COCOA (£/tonne) Close Prev High/Low May 12 1498 1483 1503/1477 Jul 12 1508 1490 1512/1487 Sep 12 1496 1477 1500/1476 Dec 12 1486 1471 1490/1469 COFFEE(US$/tonne) Close Prev High/Low May 12 1984 2000 2008/1975 Jul 12 2011 2025 2038/2007 Sep 12 2014 2028 2039/2012 Nov 12 200480 words
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Article69 2012-04-28 27 Apr 27 GOLD(US$/oz) Apr 26 Apr 27 Hong Kong 1658.00 1661.00 Hong Kong Apr 25 Apr 26 London 1638.60 1655.50 1639.60 1656.25 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.84 38.19 Source: UOB PLATINUM/ Lon (US$/oz) Apr 26 Close Previous PM Fix 1555.00 1551.00 AM Fix 1559.0069 words
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Article57 2012-04-28 27 Apr 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3501.0 3510.0 3502.0 3477.0 668 3935 Jun 12 3500.0 3516.0 3519.0 3495.0 1818 ***** Jul 12 3490.0 3500.0 3513.0 3483.0 ***** ***** Aug 12 3481.0 3484.057 words
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Article90 2012-04-28 27 Apr 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26-Jul-12 0.25 1-Year BY*****T 02-May-13 0.26 0.23 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 100.15 100.13 5-Year N*****0Z 2.375 01-Apr-17 108.8990 words
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Article154 2012-04-28 27 Apr 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2892 1.2900 1.0383 1.0388 Canadian dollar 1.2608 1.2611 1.0154 1.0155 Euro 1.6370 1.6374 1.3185 1.3186 NZ dollar 1.0100 1.0108 0.8135 0.8140 Sterling pound 2.0100 2.0112 1.6189 1.6196154 words
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Article, Illustration112 2012-04-28 27 As on 26 April 2012 www.smx.com.sg PRODUCT PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1661.40 1645.40 1660.60 182 CURRENCY AUD-USD FUT JUN2012 1.0332 1.0305 1.0336 1210 EUR-USD FUT JUN2012 1.3265 1.3201 1.3240 3222 BASE METAL COPPER FUT MAY2012 8312 8144 8294112 words
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Article103 2012-04-28 27 Apr 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 12 1481.25 1473.50 1481.50 1463.00 Jul 12 1480.25 1476.00 1483.00 1463.50 Aug 12 1453.25 1458.00 1463.50 1445.50 Sep 12 1402.25 1411.00 1411.75 1395.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low May 12 55.37 55.65 55.75 55.03103 words
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Article74 2012-04-28 27 Apr 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 119.87 1.76 WTI (Near Mth) 104.57 0.53 Dubai (1-Mth F) 115.95 0.57 Tapis blend 125.66 0.84 Minas 125.66 0.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.67 -0.11 Jet Kerosene 132.80 0.37 US$/barrel OpecOil Basket Price 117.1474 words
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Article118 2012-04-28 27 Apr 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.256 Can dollar 1.29 1.229 Euro 1.678 1.599 Sterling pound 2.047 1.969 NZ dollar 1.039 0.99 US dollar 1.26 1.212 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2012-04-28 27 Apr 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2046.50 2029.25 3 months 2086.00 2071.00 Copper, Grade A (US$/tonne) Cash 8454.00 8304.00 3 months 8320.00 8205.00 Lead (US$/tonne) Cash 2115.00 2079.50 3 months 2122.00 2091.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-04-28 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 26 Index Change Change Change Change Change Change World Preliminary 899.5 0.1 8.4 0.0 4.4 0.3 9.1 EAFE Preliminary 723.2 0.1 6.0 0.3 2.5 0.6 7.1 Europe Preliminary 1064.2 0.1 3.7373 words
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PERSPECTIVE
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Article, Illustration1125 2012-04-28 28 / 29 Leon Hadar - Can change only come about by returning to the lost paradise of the past as opposed to dealing with the real challenges of the future? Leon Hadar Washington correspondent ONCE upon a time there were two presidential candidates running for office on platforms of “change”. BigBLOOMBERG - 1,125 words
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Article970 2012-04-28 28 / 29 Mark Dixon - By Mark Dixon ~The writer is CEO and founder of Regus, a provider of flexible workplaces ‘IT’S not what you know, it’s who you know.’ So goes the old adage, and it’s true that in business, personal relationships usually count for more than specialist knowledge.970 words
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Wealth30
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wealth investing
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Article, Illustration956 2012-04-28 30 / 31 Genevieve Cua - Very good financial advisers will climb up and go on to do even better; they may do more for less but their customer base will grow even further Genevieve Cua gen@sph.com.sg Personal Finance Editor BIG changes are in the offing for insurance and financial advisers asSTOCK.XCHNG - 956 words
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BROKERS' TAKE
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Article392 2012-04-28 30 / 31 Maybank Kim Eng Research April 27 Close: $0.27 GLOBAL Premium Hotels (GPH) is a hotel chain operator in Singapore. It owns and operates 22 budget hotels under the Fragrance brand and a mid-tier hotel under the Parc Sovereign brand. Together, the 23 hotels offer 1,738 rooms. Why392 words
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427 2012-04-28 30 / 31 Joyce Hooi - Compiled by Joyce Hooi Sell DMG Partners Research April 27 Close: $1.20 BUILDING new business units to reduce heavy reliance on shipbuilding. We attended the recent results briefing and came away with an unchanged view that: the shipbuilding outlook remains poor and shipyards are likely to get427 words
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Article, Illustration1066 2012-04-28 32 The dichotomy of market returns that may not accurately reflect the underlying economy poses a problem, both for professional money managers and investors NYT ‘THE test of a first-rate intelligence is the ability to hold two opposed ideas in the mindNYT; BLOOMBERG - 1,066 words
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Article, Illustration1218 2012-04-28 33 Teh Hooi Ling - Local shareholders should be more vocal in seeking clarification and justification for companies’ decisions SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder Executives’ pay is back in the limelight. Two weeks ago, shareholders of Citigroup refusedCompiled by BT - 1,218 words
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WEALTH REAL ESTATE
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Article1011 2012-04-28 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 28 AND APRIL 3, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 28/03/2012 99 527 1165 2210 District 4 NON-LANDED Skyline Residences Apt 28/03/20121,011 words
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278 2012-04-28 35 Lim Wei Sheng - Accolades are given at the Asia Pacific Property Awards 2012 By Lim Wei Sheng limwsg@sph.com.sg Singapore A MARINA South development by M+S Pte Ltd has obtained three accolades at the Asia Pacific Property Awards 2012. The mixed-use development, which comprises office, residential and278 words
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Article, Illustration1034 2012-04-28 35 Bloomberg London ELENA Baturina, for many years Russia’s only known female billionaire, is prowling for real estate opportunities in Europe and the US as she seeks to expand her property empire in exile. Ms Baturina, 49, who began building her fortune manufacturingBloomberg; BLOOMBERG - 1,034 words
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Page 36 Advertisements
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Advertisement145 2012-04-28 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND145 words
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Advertisement60 2012-04-28 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 28-29 2012 GUEST CHEF Marco Pierre WhiteL6-7 HAWKER CENTRED An emerging wave of Gen X hawkers are adding a new dimension to Singapore's street food scene L2-5 DESIGN Designing the good life L11-13 GADGETS Monster moves L17 HOME GARDEN Home sweet boathouse L14-15 TRAVEL Glamping60 words
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BT Living
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DINING
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Article, Illustration3812 2012-04-28 2 / 3 Jaime Ee, Rachel Loi, Dylan Tan - Don’t sound the death knell for traditional hawkers just yet. An emerging wave of hawkers are adding a new profile to the street food scene and they’re not the trendy sorts serving duck confit out of a coffeeshop nor ageing uncles hunched over the stove. They’re passionate, educatedARTHUR LEE; YEN MENG JIIN - 3,812 words
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Article, Illustration1551 2012-04-28 6 / 7 Debbie Yong - Marco Pierre White talks about bringing back the romance in dining. guest chef By Debbie Yong debyong@sph.com.sg IT must be hard work living up to the reputation of being one of the world’s most terrifying chefs. Except, perhaps, when you aren’t. Terrifying, that is. In personPHOTO COURTESY OF UNILEVER - 1,551 words
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Article890 2012-04-28 6 / 7 wine&dinewith BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore, 333 Orchard RoadZ6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu features890 words
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TRAVEL
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Article, Illustration1211 2012-04-28 8 Debbie Yong - The glamping trend is raging hot globally right now, but is it a phenomenon that will anchor well in Singapore? Debbie Yong finds out Debbie Yong debyong@sph.com.sg CAMPING is a little like durian there are those who love it and those who absolutely abhor it. But for thoseYEN MENG JIIN - 1,211 words
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Article, Illustration670 2012-04-28 9 Debbie Yong - Looking to pitch further afield? Here’s where you can be a happy glam per. By Debbie Yong By Debbie Yong Cambodia 4 Rivers Floating Lodge Emerging from Cambodia’s turbulence past is the peaceful 4 Rivers Floating Lodge, which sits on a sleepy meander along the Tatai river, a670 words
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Article, Illustration455 2012-04-28 10 Rachel Loi - All the equipment you need to survive your time outdoors. By Rachel Loi rachloi@sph.com.sg Suunto Ambit Watch ($1039) (available at Adventure 21) Check out the recently launched Suunto Ambit Watch created by the Finnish outdoor gear company, Suunto. This nifty all-in-one device not only tells the time,455 words
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DESIGN
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Article, Illustration1118 2012-04-28 11 Lim Sio Hui - There are less of the flashy new offerings at this year’s Milan furniture trade fair. Rather, the focus is on down-to-earth shapes and safe re-releases plus the innovative ways of young emerging designers. By Lim Sio Hui btnews@sph.com.sg IF the new releases at this year’s MilanLIGNE ROSET AND KARTELL PHOTOS BY LIM SIO HUI - 1,118 words
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Article, Illustration602 2012-04-28 12 / 13 Lim Sio Hui - Lim Sio Hui looks at the highlights of the Milan Furniture Fair Lim Sio Hui 1IN-EIOrigami meets technolo g y i n t h i s se r i es o f free-standing table and hanging LED lamps designed by the Japanese fashion designer Issey Miyake in602 words
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HOME & GARDEN
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Article, Illustration1157 2012-04-28 14 / 15 Cheah Ui-Hoon - Resort builder Kevin Hill knows exactly what floats his boat: a luxe three-level villa christened the Nautique, complete with Jacuzzi and chi-chi bedrooms, baths and lounges. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg IMAGINE living in a villa over water, but with the ability to move itPHOTOS: KEVIN HILL; CHEAH UI-HOON - 1,157 words
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SPORTS
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Article, Illustration675 2012-04-28 16 Lee U-Wen - DHL Express Singapore managing director Herbert Vongpusanachai will always be supportive of Manchester United no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent HERBERT Vongpusanachai gives all the credit to his 10-year-old son for influencing him to support Manchester United, the current Barclays Premier League (BPL) champions.675 words
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Article488 2012-04-28 16 Colette Wong - take off with Colette Wong SKATEBOARDING used to be so simple. You balanced one foot on the board and pushed with the other. Or you could start at the top of a slope and ride down it. Your mission was to just stay on the board488 words
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GADGETS
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Article, Illustration437 2012-04-28 17 Christopher Lim - Monster launched three of its latest headphone designs in Singapore yesterday, ahead of even its US and global campaigns, reports Christopher Lim Christopher Lim limchris@sph.com.sg IN the world of fashion where last season’s goodies are old news, being first is everything and Monster’s never been shy about making437 words
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Article324 2012-04-28 17 Christopher Lim - By Christopher Lim MONSTER is one of the most visually distinctive headphone brands but when Taiwanese phone manufacturer HTC bought a majority stake in Beats Electronics a name that’s been closely associated with Monster in August last year for US$300 million, confusion ensued and the324 words
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MOTORING
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Article, Illustration582 2012-04-28 18 Samuel Ee - The new Suzuki Swift Sport is a credible product worthy of the original Swift spirit. By Samuel Ee samuelee@sph.com.sg AS one of the defining models of the Suzuki brand since the 1980s, the Swift story was interrupted when it morphed into the Ignis about a dozen years582 words
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Article, Illustration569 2012-04-28 19 Samuel Ee - With its spacious cabin and zero exhaust emissions, the Nissan Leaf is a car for the modern family. By Samuel Ee samuelee@sph.com.sg THE Nissan Leaf has arrived but it need not be silently. This groundbreaking electric vehicle (EV) has a sound generator and through a speaker in the569 words
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Article, Illustration571 2012-04-28 20 Samuel Ee - The latest update of the Ford Mondeo has more horses and torque, and the power delivery has also changed. By Samuel Ee By Samuel Ee samuelee@sph.com.sg A YEAR after its looks were refreshed and its engine reworked, the Ford Mondeo gets a further tweak for 2012. This time,571 words
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Advertisement20 2012-04-28 6 / 7 Get up close and personal with Marco Pierre White as BTWeekend follows him on a local market tour on www.facebook.com/btlifestyle20 words
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Page 10 Advertisements
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Advertisement21 2012-04-28 10 ~Adventure 21 is located at 6 Eu Tong Sen Street #03-55, The Central. Call 6535-0232 or visit www.adventure21.com.sg for more information.21 words
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Advertisement23 2012-04-28 10 ~Campers’ Corner is located at 51 Waterloo Street, #01-01, and 37 Kreta Ayer Road. Call 6337-4743 (Waterloo) or 6224-9798 (Kreta Ayer) for enquiries23 words
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Advertisement258 2012-04-28 14 / 15 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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Advertisement32 2012-04-28 16 ~Colette Wong is a SportsCenter presenter on ESPN (mio TV Ch 114) every weekday at 7.30pm. Catch the KIA X Games Asia on ESPN, online on ESPN Player and on Mobile ESPN.32 words
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Advertisement32 2012-04-28 17 HOME NEE S "Honey, this is an accident waiting to happen." To find out more, turn to CLASS 96 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT32 words
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