The Business Times, 21 March 2013
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2013-03-21
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The Business Times
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Title Section25 2013-03-21 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, March 21, 201325 words
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843 2013-03-21 1 TEH SHI NING - After sluggish Q1, they expect economy to gather steam and grow 2.8% this year, MAS survey shows By TEH SHI NING [SINGAPORE] Economists have turned a little more optimistic about Singapore’s growth performance for 2013, despite tuning their first-quarter forecasts a notch843 words
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687 2013-03-21 1 NEIL BEHRMANN - Markets sanguine, but eurozone in uncharted territory after Cyprus vote By NEIL BEHRMANN in London EUROPEAN markets and the euro rallied yesterday despite the risk that the Cypriot crisis has entered uncharted territory. Cyprus’s parliament overwhelmingly rejected its government’s bailout deal with the687 words
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MARKETS DIGEST
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Article65 2013-03-21 1 HST INDEX 3,248.40 (-20.73) HST INDEX FUTURES 3,248.00 (-15.00) HSIMSCI 367.73 (-2.44) HSIMSCI FUTURES 367.80 (-2.40) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.510 1.889 EURO (US$/S$/€ 1.290 1.614 Foreign currency per US$ S$ YEN 95.30 76.20 RM 3.121 2.495 HK$ 7.762 6.205 BAHT 29.21 23.35 RUPIAH65 words
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Article47 2013-03-21 1 Wednesday Change KL COMP 1,631.54 +6.08 NIKKEI 225 closed HANG SENG 22,256.44 +214.58 SET INDEX 1,543.67 -24.58 JAKARTA COMP 4,831.50 +8.87 MANILA COMP 6,419.62 -6.63 SEOUL COMP 1,945.79 -20.63 SHENZHEN B 803.82 +23.26 MUMBAI IND 18,884.19 -129.31 12noon EDT Change DOW 14,510.65 +54.83 NASDAQ 3,241.66 +12.5647 words
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Article22 2013-03-21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 500 TAIWAN 13.420 TAIWAN 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg22 words
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Page 1 Advertisements
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Advertisement210 2013-03-21 1 SHOPPING MALLS Unequal rent treatment makes retail ‘monotonous’ SPECIAL FOCUS Connecting business to Asia PROPERTY Rents for prime Orchard Rd space up in Q1 PAGE 31 PAGE 11 UK BUDGET Osborne halves UK growth forecast PAGE 2 PAGE 30 Investing in Iskandar Iskandar Malaysia has been heavily in the news210 words
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TOP STORIES
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522 2013-03-21 2 ANDREA SOH - He says decisions made in the next few days will prove critical By in ANDREA SOH in Hong Kong THE Cyprus crisis should be “managed very, very carefully” to prevent contagion, said a former official of the European Central Bank (ECB) yesterday. Although financial522 words
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Article556 2013-03-21 2 S’pore forecasters see better days ahead ECONOMISTS have turned a little more optimistic about Singapore’s growth performance for 2013, despite tuning their first quarter forecasts a notch lower due to poor production and export figures thus far this year. Though they are now expecting lower growth of 0.8556 words
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495 2013-03-21 2 NISHA RAMCHANDANI - Uncertain global economy remains biggest risk: survey By NISHA RAMCHANDANI [SINGAPORE] Business confidence has picked up in the first quarter of this year for top companies in Asia, although firms continue to view the uncertain global economy as the biggest risk495 words
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Article, Illustration790 2013-03-21 2 He lowers corporate tax, sets out new mandate for BOE Bloomberg Reuters [LONDON] Chancellor of the Exchequer George Osborne said the forecast for UK economic growth this year was cut by half as he lowers corporation tax and set outBloomberg; Reuters; PHOTO: BLOOMBERG - 790 words
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912 2013-03-21 2 GRACE LEONG - By GRACE LEONG [SINGAPORE] Prosecutors yesterday alleged that Nimrod had a headstart in preparing for an April 6, 2011, tender to supply radiation portal monitors (RPMs) to the Singapore Civil Defence Force (SCDF) because of an inside tip from its former head,912 words
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Article, Illustration802 2013-03-21 4 LEE U-WEN - It would be very stupid to shake the confidence other people have in the Republic, he warns By LEE U-WEN [SINGAPORE] Singapore’s role as a financial centre is secure for now and one reason the Republic has been successful over the yearsPHOTO: NEO XIAOBIN/ THE STRAITS TIMES - 802 words
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398 2013-03-21 4 RONNIE LIM - Consultant to study vegetation to sop up contaminants By RONNIE LIM [SINGAPORE] A tender has been called for the re-green-ing of Jurong Island not to prettify it, but to use plants to sop up the contaminants in the soil and water fouled by398 words
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Advertisement137 2013-03-21 2 RovalCaribbean MARINER OF THE SEAS Asia’s Largest Cruise Ship Coming to Singapore in June 2013 Packa ge* IHSBCExclusive)\ t0 USD2 °0onboardCredit*T 3 /4N BEST OF MALAYSIA CRUISE Mariner of the Seas Departure: 01* 04 Jun 2013 Port-of-call: Kuala Lumpur (Port Klang) 1 Langkawi 2 1 3 /4N SOUTHEAST ASIA CRUISE137 words
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Page 3 Advertisements
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Advertisement252 2013-03-21 3 THE METROPOLIS SINGAPORE'S NEW BUSINESS METROPOLIS WHERE THE GREATEST BUSINESS MINDS COME TOGETHER A A K l" 2* sr r> i i r r i m w *7, :v ifc The Metropolis, developed by Ho Bee Group, is Singapore's new centre for business. As the only Grade-A office building in252 words
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Advertisement139 2013-03-21 4 escape exper iCIlC© As you reflect on a day of warm welcomes and enriching experiences you are embraced by a feeling of calm. This is a place where your soul is revived and your senses enlivened. There’s something familiar about the way the light reflects on the ocean that stirs139 words
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Advertisement206 2013-03-21 5 k 3 k Q P7543 WOB a, K nr i The Passat 1.8 TSI. How an executive sedan should be. This beautifully designed, German-engineered sedan is now available at an equally exceptional price. It has all the features you’d expect from a car of its class, and a few you206 words
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COMPANY NEWS
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Article756 2013-03-21 6 JOYCE HOOI - Telco’s meeting with analysts recently hinted at renewed focus on bottom line Reports by JOYCE HOOI ALL signs point to spring cleaning at SingTel following news of its strategic review of its Australian satellite unit, carried out fittingly in the months leading up to summer. As756 words
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Article, Illustration602 2013-03-21 6 Surprise summons over additional 2G spectrum allocation SINGTEL is sticking by its associate Bharti Airtel in the face of a surprise summons issued against the latter and its chairman Sunil Bharti Mittal in the Indian courts. This summons comePHOTO: REUTERS - 602 words
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Article, Illustration677 2013-03-21 6 Reu ters COMMODITY exchange-traded fund (ETF) investors have put money into funds with wider commodities exposure after pulling record amounts from bullion-specific funds as the price of gold tumbled, data from funds tracker Lipper shows. US-based ETFs tagged as “General Commodities Funds”Reuters; PHOTO: REUTERS - 677 words
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484 2013-03-21 7 KENNETH LIM - Call for it to do for derivatives markets what Basel did for prudential standards By KENNETH LIM FINANCIAL trade groups, clearing houses and exchanges, including Singapore Exchange, are asking the International Organisation of Securities Commissions (Iosco) to take the lead484 words
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285 2013-03-21 7 TEO SI JIA - By TEO SI JIA SINGAPORE Exchange (SGX) has unveiled plans to develop fixed-income access between Singapore and the Philippines in a collaboration with Philippine Dealing System Holdings Corp (PDS). A memorandum of understanding that the two parties have signed includes the development285 words
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230 2013-03-21 7 Bloomberg [HONG KONG] Olam International, the commodity trader targeted by short-seller Carson Block, topped the price it last traded at before the founder of Muddy Waters LLC said he was betting against the company. The stock rose as much as 2.6 per cent toBloomberg - 230 words
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COMPANY BRIEFS
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102 2013-03-21 7 EZION Holdings said it has secured a US$48.2 million charter contract over a three-year period to provide a service rig to an international oil company. The rig is expected to be deployed and working in the offshore oil and gas fields in the Arabian Gulf102 words
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53 2013-03-21 7 CSC Holdings Ltd announced that its subsidiary, THL Foundation Equipment Pte Ltd, has established a representative office in the Philippines. The representative office has been set up to explore and capitalise on business opportunities in the foundation engineering equipment business in the53 words
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Article, Illustration555 2013-03-21 9 LEE MEIXIAN - Diversifying into profitable business lines pays off By LEE MEIXIAN A YEAR on, Singapore Post (SingPost) still ranks top in a global study of postal organisations’ performances, beating even the likes of strong courier brands such as FedEx and United Parcel Service (UPS) ofLIANHE ZAOBAO FILE PHOTO - 555 words
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398 2013-03-21 9 Reuters SINGAPORE property group Overseas Union Enterprise (OUE) has chosen three banks for its planned US$800 million listing of a hospitality real estate investment trust (Reit) in the second half of the year, sources said. The plan comes as 2013 is shaping upReuters - 398 words
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496 2013-03-21 9 TEH SHI NING - Continued activity expected amid low interest rates By TEH SHI NING AS LONG as interest rates stay low, there will be opportunities for fund-raising activity among real estate investment trusts (Reits) and business trusts, says Robin Phillips, HSBC co-head of global banking and Asia-Pacific496 words
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Page 6 Advertisements
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Advertisement105 2013-03-21 6 -f Diverse Form Functionality A. ISKANDAR A MALAYSIA r L r Si! Hen m m rampoi Entrepreneurs I ark Entrepreneurs lark Johor Bahru, Johor FREEHOLD Built-up area from 9,441 sq.ft. 15,845 sq.ft. Four-in-one functional space offering corporate office, showroom, factory space and warehouses 20m wide entrance with 24 hours security105 words
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Page 7 Advertisements
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Advertisement116 2013-03-21 7 Buy i ng a property in Malaysia? Enjoy the convenience of financing it in Singapore. Malaysia Residential Property Loan Our Malaysia Residential Property Loan offers you the ease of financing your property purchase right here in Singapore. Besides attractive interest rates, you can benefit from favourable exchange rate movements with116 words
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SINGAPORE MARKETS
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Article, Illustration627 2013-03-21 8 R SIVANITHY - Markets back to where they started the week; traders rallying around penny stocks find their efforts futile STOCKS R SIVANITHY Senior Correspondent TRADERS tried their best to keep interest alive in the penny segment yesterday but faced an uphill task because of dwindling liquiditySource: Bloomberg - 627 words
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Article73 2013-03-21 8 Mar 20 VALUE CLOSE BT OB/OS -321.00 +66.00 BT CADI -*****.00 +81.00 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 804.27 -0.74 FTSE ST Small Cap 567.63 +4.78 FTSE ST All Share 800.65 -3.60 FTSE ST China Top 216.71 +0.45 FTSE ST China 244.28 +0.39 FTSE73 words
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Article186 2013-03-21 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 0 0 0 5 8 2 Manufacturing 57 32 41 11 3 12 68 35 53 Commerce 34 24 8 8 7 1 42 31 9 Tpt/Stor/Comms 11 18 12186 words
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Article119 2013-03-21 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 71,935 71,935 91,077 91,077 Manufacturing 718,145 131,862 850,007 238,502 11,096 249,598 Commerce 166,174 108,178 274,352 101,077 9,484 110,561 Tpt/Stor/Comms 80,119 17,189 97,308 128,277 6,357 134,634 Finance 52,856 97 52,953 170,897 29 170,927 Construction 326,812 138,791119 words
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Article, Illustration980 2013-03-21 8 Kenneth Lim - Compiled by Kenneth Lim Tee International March 20 close: S$0.35 OCBC Investment Research, March 20 TEE International recently announced the establishment of two wholly owned indirect subsidiaries, Tee Industrial Pte Ltd and Tee Hospitality Pte Ltd, under its real estate unit, Tee Land Pte Ltd. The principal activitySource: Bloomberg - 980 words
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Article113 2013-03-21 8 Stock name Close Change CapMallsAsia 2.090 +0.010 CapitaLand 3.530 +0.020 CapitaMall 2.100 +0.010 CityDev 10.680 -0.090 ComfortDelGro 1.910 -0.015 DBS Grp 15.460 -0.040 F&N 9.440 GLP 2.620 -0.010 Genting SP 1.455 Golden Agri 0.580 +0.010 HK Land 7.010 +0.010 JMH 64.000 -0.730 JSH 39.700 -0.300 Jardine113 words
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Article, Illustration500 2013-03-21 8 CURRENCIES Reuters [SINGAPORE] The Thai baht strengthened yesterday, returning to levels unseen since before the 1997 Asian financial crisis, as foreign funds poured in for a government bond auction and the finance minister said no measures were planned to curb the currency’s strength.Reuters; PHOTO: REUTERS - 500 words
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Article58 2013-03-21 8 VOLUME SingHaiyi 676,988,000 Metech Int 337,938,000 IPCO Intl 185,591,000 YHM 138,651,000 Metech Int W*****7 134,480,000 Thai Beverage 113,129,000 Yongnam 95,577,000 Golden Agri 89,749,000 WE Hldgs 58,115,000 ChinaACorp 57,187,000 VALUE($) Thai Beverage 70,229,170 SingTel 68,620,810 Keppel Corp 64,287,160 DBS Grp 63,418,170 UOB 56,005,262 Golden Agri 51,905,540 SPH 50,887,37058 words
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Article111 2013-03-21 8 BY CENTS CLOSE UP DBXT MSINDO 10us$ 1679 117.6 5.9 GLD 10US$ ***** 85.0 0.4 Lyxor China H 10US$ 1426 38.8 2.2 DBXT CSI300 10US$ 809 23.8 2.4 DBXT MSCHINA 10US$ 1177 22.5 1.6 IEV 50 9.0 22.0 SinoGrandnes 95.5 8.5 9.8 DBXT MSMSIA 10US$ 1356 7.5 0.4 Tianjin111 words
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Article124 2013-03-21 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -360.2 -2.6 Hyflux 6% CPS 10 ***** -100.0 -0.9 JMH 6400 -91.3 -1.1 Jardine C&C 5251 -69.0 -1.3 IS S&P500 ***** -51.3 -0.3 Lyxor AsiaRE 10US$ 1019 -51.3 -3.9 DBXT MSTHAI 10US$ 2281 -45.0 -1.6 JSH 3970 -37.5 -0.8 Lyxor MS124 words
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Page 9 Advertisements
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Advertisement4 2013-03-21 9 Take your position. saxomarkets.com.sg/fx4 words
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SINGAPORE NEWS
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Article, Illustration372 2013-03-21 10 MARIA MALA YOGALINGAM - NTU innovation may help save cost by 30% compared to existing technology By MARIA MALA YOGALINGAM NANYANG Technological University (NTU) scientists have developed a new material that can be an asset to the water industry. The material is formed by turning titanium372 words
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254 2013-03-21 10 NG SAI YING - By NG SAI YING NATIONAL University of Singapore (NUS) is the first Singapore institution to be ranked among the top 100 in a global index that ranks institutions according to the number of primary research articles they put out in254 words
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462 2013-03-21 10 NATHANIEL CHEW - By NATHANIEL CHEW PRIMARY insurance premiums in emerging Asia are expected to account for 699 billion euros (S$1.13 trillion), or 31.6 per cent ofthe global figure from 2012 to 2020, a study by Munich Re showed. Emerging Asian countries will make up462 words
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464 2013-03-21 10 LIM JIA YING - Challenges such as labour and rental costs are obstacles By LIM JIA YING THE president of the Singapore Retailers Association has called on retailers here to find their own niche in today’s troubled landscape. “They have to differentiate themselves,464 words
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334 2013-03-21 10 WEE LE TING - By WEE LE TING SINGAPORE Management University (SMU) has launched the Business Families Institute (BFI), with the aim of serving the needs of business families in South-east Asia “Since 2010, SMU had recognised the emergence of Asian business families and discerned that they334 words
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Article, Illustration404 2013-03-21 10 BENJAMIN AW - By BENJAMIN AW A MENTORSHIP programme launched this year to connect university students with banking and finance professionals has proven to be a success, according to organiser Citi. Some 140 students from local universities are taking part in the five-month programme that started in404 words
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343 2013-03-21 10 MA XIANGYU - By MA XIANGYU SINGAPOREAN consumers have been ranked fourth in the Asia-Pacific in proclivity towards online shopping. The latest MasterCard online shopping survey put their propensity to shop online at 84 index points nine points higher than it was last year. Singaporean consumers343 words
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Advertisement50 2013-03-21 10 i\$) budget tour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... /Company Incentive Trips Off-site Meetings /Special Interest Tours /Tradeshows /Educational Tours /Pilgrimage Tours /Church Retreats /Local Sightseeing Tours /Coach Charter Tel: 6737 1811 Email: sales©budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore *****950 words
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CONNECTING BUSINESS TO ASIA
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Article, Illustration963 2013-03-21 11 KAN KWOK LEONG - UK multi-disciplinary design firm BDP is looking at Singapore as a potential base for the next phase of its Asian expansion By KAN KWOK LEONG FOUR years ago, shortly before a sovereign debt crisis emerged to stymie economic growth in Europe, UK-based architectural design firmPHOTO: YEN MENG JIIN - 963 words
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Article452 2013-03-21 11 KELVIN TAN - By KELVIN TAN The writer is managing director and head of commercial banking, HSBC Singapore THERE are many advantages to using Singapore as a springboard for regional expansion. Many international companies looking to enter the fast-growing markets of South-east Asia have chosen to use this city-state452 words
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314 2013-03-21 11 BDP’s David Cash talks about Singapore’s architectural heritage, the homogenisation of design, and dealing with Chinese clients. Q: What is your view on the rapid transformation of Singapore’s architectural landscape? A: It is absolutely essential that Singapore doesn’t forget its heritage, that it doesn’t lose314 words
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Page 11 Advertisements
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Advertisement187 2013-03-21 11 Singapore the Asian hub for connecting international business Emerging markets are developing at a phenomenal pace and are set to reshape world trade patterns over the next 20 years. Singapore’s location at the heart of fast-growing Asian markets makes it a trade hub for the region. But are you in187 words
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Advertisement21 2013-03-21 11 This is a four-part series, on the growth strategies of international businesses to Asia, brought to you by HSBC Commercial Banking21 words
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MALAYSIA
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547 2013-03-21 12 PAULINE NG - Works to complete the line will go on, whatever the results of election, says RHB By PAULINE NG in Kuala Lumpur THE Klang Valley’s first MRT line from Sungai Buloh to Kajang is “unstoppable” having “gone beyond the point of no return”,547 words
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Article, Illustration468 2013-03-21 12 State investment firm is also seeking to expand overseas Bloomberg [SINGAPORE] Khazanah Nasional Bhd, Malaysia’s state investment company, is planning more domestic divestments while expanding overseas, said its managing director Azman Mokhtar. Malaysia’s initial public offering (IPO) market grew to the world’s fifth-largest last year, upBloomberg; PHOTO: BLOOMBERG - 468 words
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550 2013-03-21 12 S JAYASANKARAN - By in S JAYASANKARAN in Kuala Lumpur MALAYSIA’S central bank expects growth, in real gross domestic product (GDP) terms, to continue to be between 5 and 6 per cent in 2013. This compares with a robust 5.6 per cent last year. The estimate550 words
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Advertisement316 2013-03-21 12 London’s prime waterside address www.chelseacreek.co.uk Chelsea Creek is London’s newest and most prestigious waterfront location, comprising an outstanding selection of luxury 1, 2 and 3 bedroom apartments and penthouses. Located just minutes from the stylish King’s Road, Sloane Square and River Thames. WORLD EXCLUSIVE LAUNCH OF THE TOWER FRIDAY 22ND316 words
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Page 13 Advertisements
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Advertisement343 2013-03-21 13 Standard Cj Chartered Here for good award-winning chefs Over I > y •V ML a i a iri V* w. 1 SAVOUR Premier Passes* to indulge your appetite gastronomic event not to be missed 1 I the goo life It’s good to savour the best of global cuisines Treat your343 words
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GREATER CHINA/INDIA
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Article, Illustration718 2013-03-21 14 It adds that it can still pass reform bills, but ministers silent on snap polls Reuters Bloomberg [NEW DELHI] The Indian government said yesterday that it is still able to pass reform legislation in parliament, a day after its biggest allyReuters; Bloomberg; PHOTO: AP - 718 words
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Article, Illustration610 2013-03-21 14 They also seem to keep America and its Asia pivot at bay Reuters [BEIJING] New Chinese President Xi Jinping’s recent appointment of two top diplomats indicates a desire to repair relations with long-time rival Japan after months of tensions, while keeping the UnitedReuters; PHOTO: REUTERS - 610 words
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280 2013-03-21 14 Bloomberg [BEIJING] The number of Chinese government websites targeted by hackers almost doubled last year to 3,016, with the largest number of attacks coming from the US, China’s network security agency said in a report. “Law enforcement agencies should increaseBloomberg - 280 words
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325 2013-03-21 14 Bloomberg [BEIJING] China Telecom Corp, the country’s biggest fixed-line carrier, reported fourth-quarter profit that beat analysts’ estimates as customers using Apple’s iPhone helped boost sales of wireless data. Net income fell 17 per cent to 2.36 billion yuan (S$475 million) from 2.84 billion yuan aBloomberg - 325 words
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Advertisement462 2013-03-21 14 A HIGH LEVEL BUSINESS EVENT BY EZYHEALTH MEDI–VENTURES BUSINESS SUMMIT ASIA 2013 11 12 APRIL 2013 MARINA BAY SANDS SINGAPORE Be part of the first and only event for potential partners and investors in medical aesthetics Backed by over 120 CEOs and high-level executive in the medical investment and cosmetic462 words
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Advertisement88 2013-03-21 14 brought to you by: TA ***** PAVEWAY HOLIDAYS J RIVER CRUISING WITH AMA WATERWAYS 9D8N Enchanting Douro: (A ees ncWe airfare) Sail from Lisbon Douro River Porto Salamanca From S3978 per person 8D7N Christmas Time Cruise: 9D8N Seine Cruise (Paris Normandy); Sail from Budapest Vienna Austria Germany Sail from Paris88 words
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Advertisement20 2013-03-21 14 Call 1800 289 8822 I or e-mail I notices@sph.com.sg j to place your Mergers Acquisitions Notices WATS NOTICES CLA/FEB1 1/g20 words
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ECONOMY WATCH
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517 2013-03-21 15 They’ll have to bear the interest that Washington was supposed to pay WP [WASHINGTON] Across the country, states, school districts and transportation authorities may end up spending hundreds of thousands even millions of dollars more on interest payments in another by-product of theWP - 517 words
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720 2013-03-21 15 Bloomberg [WASHINGTON] When Kevin Kalmes received a foreclosure notice on her home after being unemployed for more than two years, she said she started selling the contents of her basement, figuring that “I can’t fit all this stuff in aBloomberg - 720 words
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Article, Illustration350 2013-03-21 15 Move could address large public debts, says economist Reuters [WASHINGTON] Industrialised countries should consider a temporary burst in inflation of about 4 per cent to address large public debts, the World Bank’s chief economist said on Tuesday, joining other prominent economists who have calledReuters - 350 words
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Advertisement128 2013-03-21 15 NANYANG TECHNOLOGICAL UNIVERSITY *r j j liiL an IMj ,J 'u 1 J V »l rN > I I I Associate Professor Louis Phee Winner of President's Technology Award, 2012 h See the world in new ways as you venture across disciplines. Many complex problems we face today need solutions128 words
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WORLD
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782 2013-03-21 16 Chains including Hilton, Marriott and Starwood are all keen to expand Reuters [ACCRA, Ghana] New hotels are springing up across Africa, despite the trials of bureaucratic delay and poor infrastructure, to take advantage of an increasing number of tourists and business travellers serving aReuters - 782 words
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474 2013-03-21 16 AFP AP [YANGON] Myanmar yesterday announced the abolition of its US dollar proxy currency, in the latest step towards economic normalisation as the impoverished former pariah opens to the world. More than US$30 million worth of Foreign Exchange Certificates (FEC) will be phased out ofAFP; AP - 474 words
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Article, Illustration460 2013-03-21 16 Re uters [GENEVA] The World Trade Organization (WTO) added its voice yesterday to criticism of the quality of Argentina’s inflation data, and said the country’s restrictive trade policies could fuel price pressures. “The acceleration of inflation is a source of concern, although it doesReuters; PHOTO: REUTERS - 460 words
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385 2013-03-21 16 AFP [PARIS] French police yesterday carried out a raid on the Paris home of IMF chief Christine Lagarde in connection with a probe into her handling of a high-profile scandal when she was a government minister. The investigation concerns Ms Lagarde’s 2007 decisionAFP - 385 words
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297 2013-03-21 16 He allegedly authorised payments to public officials AP [LONDON] The deputy editor of The Sun tabloid in Britain has been charged with authorising thousands of pounds in illegal payoffs to government officials, prosecutors announced yesterday. The charges against Geoff Webster are the latest inAP - 297 words
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Article, Illustration709 2013-03-21 17 Agreement reached on laws establishing centralised banking supervisor AP [BRUSSELS] The European Union (EU) on Tuesday cleared a major legal hurdle towards establishing a full banking union to stabilise its financial system, just as investor confidence was hit hard by a controversial seizureAP - 709 words
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Article, Illustration678 2013-03-21 17 Reuters [BRUSSELS] EU politicians backed a compromise on Tuesday that would give carmakers limited leeway in the race to cut carbon dioxide emissions in line with targets while rejecting German calls for more lenient rules. The issue of how strictly to enforce EuropeanReuters; PHOTO: REUTERS - 678 words
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Article, Illustration50 2013-03-21 18 [DUBAI] A sculpture by Japanese artist Yayoi Kusama titled ‘Flowers That Bloom Tomorrow’ on display at the press preview of Art Dubai at Madinat Jumeirah on Tuesday. The seventh edition of Art Dubai features 75 international and regional galleries from 30 countries, and runs until Saturday. PHOTO: REUTERSPHOTO: REUTERS - 50 words
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253 2013-03-21 18 Reuters [BANGALORE] BlackBerry inventors Mike Lazaridis and Doug Fregin are pairing again to launch a US$100 million fund to incubate and commercialise quantum science technologies capable of spearheading the next wave of computing. Mr Lazaridis, who stepped down as co-CEO of BlackBerry in JanuaryReuters - 253 words
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Article, Illustration544 2013-03-21 18 Unrest within Labor fuels talk that she could be toppled by her party AFP [SYDNEY] A key Australian government figure yesterday confirmed pre-election unrest within the Labor Party over Prime Minister Julia Gillard’s leadership, but said there was no ballot likely against her yet. SpeculationAFP; PHOTO: AP - 544 words
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404 2013-03-21 18 Individuals to be allowed access to most of the same securities as professionals Reuters [SYDNEY] Australia’s government is proposing to simplify the sale of retail bonds in a move that could offer firms an alternative to bank funding and see a large increaseReuters - 404 words
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440 2013-03-21 19 US investigations focus on likely misbehaviour in China, Italy, Romania WP [WASHINGTON] Federal officials are investigating allegations that business partners of Microsoft, one of the world’s richest companies, bribed foreign officials to help enhance sales of the company’s software, according to people familiar with theWP - 440 words
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550 2013-03-21 19 Fees cut for many sellers, some listing fees scrapped Reuters [SAN FRANCISCO] eBay Inc said on Tuesday that it will overhaul fees for sellers on its online marketplace, lowering them for many sellers as it steps up competition with Amazon.com Inc. eBay isReuters - 550 words
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Article, Illustration414 2013-03-21 19 Reu ters [NEW YORK] Starbucks Corp, the world’s biggest coffee chain, said on Tuesday that it bought its first coffee farm, where it will research the leaf rust that is devastating Central American crops as well as harvest its own beans. Starbucks, known forReuters; PHOTO: REUTERS - 414 words
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Article, Illustration469 2013-03-21 19 NYT [PARIS] Just hours after an announcement that he would be investigated on charges of tax fraud and money laundering, Budget Minister Jerome Cahuzac resigned from the French government on Tuesday evening, although he insisted that he had done nothing wrong. InNYT - 469 words
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473 2013-03-21 20 Army raises its alert level due to fears of N Korean involvement Reuters [SEOUL] South Korean authorities were investigating a hacking attack that brought down the servers of three broadcasters and two major banks yesterday, and the army raised its alert levelReuters - 473 words
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509 2013-03-21 20 10% of potential ‘city-killer’ asteroids have been found Reuters [CAPE CANAVERAL, US] The chief of National Aeronautics and Space Administration (Nasa), Charles Bolden, has advice on how to handle a large asteroid headed toward New York City: pray. That’s about all theReuters - 509 words
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Article, Illustration329 2013-03-21 20 AFP [LONDON] Ten dresses owned by Princess Diana, including the one worn when she danced with actor John Travolta at a White House dinner, sold for £862,800 (S$1.6 million) at a London auction on Tuesday. The most iconic item the straplessAFP; PHOTO: AFP - 329 words
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Advertisement42 2013-03-21 16 m I Brizay'n ,789pf L r° W Sale" 1 P tr^ teener, stl' R 4700/6500sf SEM, D 2 5 n ZT TROPICAL PARADISE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT42 words
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Advertisement33 2013-03-21 16 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY TATA TALKS ...his dogs, privacy and life after retirement Snapshots of Indian Cultural Medallion winners GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST33 words
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Advertisement664 2013-03-21 17 NAN YANG TECHNOLOGICAL "T-V UNIVERSITY Nanyang Business School NANYANG EXECUTIVE PROGRAMMES Business i I* m Nurturing Shaping the Chris Ong General Manager Engineering Wjpppel PELS Limited, Singapore Berkeley-Nanyang Cohort y ADVANCED MANAGEMENT Annie 6514 8376 Advanced Management Programme in International Tax 20 23 May 25 May; 29 Jul 2 Aug;664 words
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Advertisement1039 2013-03-21 18 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MYP LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****9721C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of MYP Ltd. (the “Company”) will be held on 5 April 2013 at 9.00 a.m. at1,039 words
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Advertisement434 2013-03-21 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PCT TECHNOLOGY PTE. LTD. (Co. Reg. No. *****0199G) (In Members’Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at21 -8 Nishi Shimbashi 3- Chome Minato-ku, Tokyo 105-8458434 words
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Advertisement64 2013-03-21 19 Want to sell your car but don’t have the tim todos 9 SMS to ***** and let us help you post your car ad listing SMS to in the following format; <space^^^<space^ vehicle number <space f Buy. Sell or Rent your ideal car isn’t hard to find At GET T64 words
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Advertisement147 2013-03-21 19 The 19 th Edition mfra THE PRECISION O A| Q ENGINEERING INDUSTRY EVENT /< /||2* HELD ALONGSIDE: MGTROLOGY ASIA20I3 www.mta-asia.com BSSB Bt'J 9-12 April 2013 Singapore Expo Tuesday-Friday 10.30am-6.00pm With growing demand for fully integrated capabilities in highly-complex industry verticals, MTA2013 gathers innovative technologies and cost effective solutions while optimising147 words
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Advertisement188 2013-03-21 20 6 I I -2 -4 -6 I I Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Whichever way property trends are heading, STProperty will always point you in the right direction. Get the upper hand on property market intelligence with trends and analytics. Check the trend of prices188 words
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AVIATION/SHIPPING
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Article, Illustration650 2013-03-21 21 VEN SREENIVASAN - Asia-Pacific airlines seen reaping highest profit margins and in absolute dollars By VEN SREENIVASAN [SINGAPORE] The International Air Transport Association (Iata) is projecting brighter prospects for the global commercial aviation industry. Barring an escalation of the eurozone crisis or other unexpected event, itPHOTO: REUTERS - 650 words
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Article, Illustration479 2013-03-21 21 Bloomb erg [HONG KONG] Asia will be able to take in more aircraft as economic growth and a population of more than three billion people will sustain travel demand, said Tony Fernandes, head of AirAsia, the region’s biggest low-cost carrier. Asia, whichBloomberg - 479 words
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Article242 2013-03-21 21 SGX '000 Mar 20 S$ +/-Vol CH Offshore 0.48 -0.01 117 Chuan Hup Hldg 0.27 unch 98 Cosco Corp 0.90 0.01 1369 CWT Ltd Ezra Hldgs 1.12 0.01 3536 First Ship Lea 0.12 unch 572 Freight Links 0.08 unch 970 Grand Banks............unch unch 0 Jaya Hold Ltd -0.01242 words
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510 2013-03-21 21 Vessel earnings index drops to its lowest on record Bloomberg [LONDON] Frontline 2012 Ltd, the shipping company led by billionaire John Fredriksen, almost doubled the number of vessels it’s building at a time when the maritime industry is contending with record-low earnings andBloomberg - 510 words
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Article291 2013-03-21 21 Reuters [TOKYO] All Nippon Airways (ANA), the biggest customer for Boeing’s 787 Dreamliner, wants the planemaker to compensate it in cash, rather than discounts on future purchases, for losses racked up since the aircraft was grounded worldwide in mid-January, said a person familiar with ANA’sReuters - 291 words
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Page 21 Advertisements
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Advertisement14 2013-03-21 21 www.omy.sg wawo iBHULAtt f/I. WAS -7%' -If j V s a I IVJ llrM14 words
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Advertisement32 2013-03-21 21 Wr T SMAPORES HOT MTOT I > J ms LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* H0TFMSG32 words
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Page 21 Miscellaneous
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Miscellaneous347 2013-03-21 21 CRYPTIC CROSSWORD Across 1 Company’s head of marketing, in place, working, and toeing the line (10) 6 Device that may use electricity (50A) (4) 9 Wants to be anything but diligent, start to finish (5) 10 Pleasant old jokes that may be dished up (9) 12 Scottish location could get347 words
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EDITORIAL & OPINION
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455 2013-03-21 22 EDITORIAL GOING by the economic and social doom and gloom that hog news headlines everywhere today, few would have guessed that yesterday was the first ever International Day of Happiness. The sobering realities of everyday life aside, the United Nations had loftier goals in455 words
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Article, Illustration849 2013-03-21 22 CLIVE CROOK - THE BOTTOM LINE CLIVE CROOK The writer is a Bloomberg View columnist. The opinions expressed are his own THE European Union’s astonishing fumbling over Cypriot banks has both immediate and longer-term implications. Today, when the banks are due to reopen, the question849 words
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Article, Illustration979 2013-03-21 22 ANTHONY ROWLEY - Policymakers need to look at likely impact of their short-sighted and expedient actions ANTHONY ROWLEY Tokyo Correspondent ACTIONS always have “consequences” and these are often unexpected and sometimes very unwelcome. I suspect that central banks in rich nations are about to discover this asPHOTO: REUTERS - 979 words
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Article, Illustration1147 2013-03-21 23 Leon Hadar - So much so that the White House may have bungled in thinking that Republicans would cut a deal to avert spending cuts Leon Hadar Washington correspondent ONE of Washington’s familiar cliches is that Republicans have never seen a defence spending programme they didn’t like andPHOTO: REUTERS - 1,147 words
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Article, Illustration669 2013-03-21 23 ALEXANDER S FRIEDMAN, KIRAN GANESH - By and ALEXANDER S FRIEDMAN, KIRAN GANESH The writers are global chief investment officer and cross-asset strategist respectively at UBS Wealth Management SIDE-effects are unavoidable in the pharmaceutical industry. All drugs cause them, but sometimes they lead to great opportunities. Think Viagra, originally developed forPHOTO: AFP - 669 words
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Article1461 2013-03-21 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,461 words
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Page 24 Advertisements
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Advertisement86 2013-03-21 24 Shipping lines! Canthey seeking reliable I I find your logisticspartners! the I Shipping Times? ■o TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I Fit. UUJINLJJ MIVILJ Shipping Times PLACE YOUR AD HERE .THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 PLACE YOUR AD86 words
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SINGAPORE STOCKS
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Article3330 2013-03-21 25 Transaction date: Mar 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 98 59 ABR Hldgs 67 unch 168 67 66.5 66 69 1.2 46.3 1.7 134.6 Vol Day3,330 words
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Article220 2013-03-21 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 1.8 unch 500 1.8 1.8 1.8 1.9 26.8 Last Quote Div Gr Yld Net M Cap High220 words
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Article10626 2013-03-21 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.0082/ Asian Smaller Cos'" 2 0141/ EM Local Ccy Bond 1.0117/ European Opportunities 1 1 1657/ Global Emerging Markets 110,626 words
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Article262 2013-03-21 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 -1 2 38 38 38 42 3.6 9.2 3 99 46.5 30 Genting HK US$ US45 -0.5 3347 45.5 45 45 45.5 2963262 words
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Article943 2013-03-21 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.5 -0.1 2 118.5 118.5 117.9 118.7 540.9 136.8 120.4 CIMB APAC Div 100S$D 136.8 135.7 136.6 111.7 95.8 CIMB943 words
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FINANCE & COMMODITIES
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Article614 2013-03-21 27 Mar 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.16 *****.12 Jun13 *****.00 *****.00 *****.00 *****.00 *****0 *****3 Sep13 *****.00 *****.00 *****.00 *****.00 10 161 MSCI TAIWAN INDEX FUTURES SPOT 281.85 281.85 279.68 Mar13 280.50 281.10 277.80 279.00 ***** *****3 Apr13 280.60614 words
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373 2013-03-21 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 19 Index Change Change Change Change Change Change World Preliminary 1019.5 -0.3 8.7 -0.2 9.1 -0.4 6.5 EAFE Preliminary 850.2 -0.1 9.8 -0.1 7.6 -0.3 5.0 Europe Preliminary 1230.4 -0.7 7.2373 words
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Article473 2013-03-21 27 Mar 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.066 6.450 0.805 8.059 56.434 101.011 0.989 11.587 3.240 1.262 101.941 42.283 1.299 9.599 0.983 30.926 30.322 0.688 1.038 Canada 0.938 6.050473 words
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Article64 2013-03-21 27 Mar 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article136 2013-03-21 27 Mar 20 GOLD(US$/oz) Mar 20 Mar 19 Hong Kong 1618.50 1612.00 Mar 19 Mar 18 London 1612.14 1607.34 1612.96 1608.56 Source: Thomson Reuters CAST BAR Mar 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 65 5gm 413 323 10gm 737 647136 words
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Article87 2013-03-21 27 Mar 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 20-Jun-13 0.26 6-Month BS*****T 19-Sep-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.12 5-Year N*****0Z 2.375 01-Apr-17 108.1287 words
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Article59 2013-03-21 27 Mar 20 Mar 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2420.0 2414.0 2429.0 2411.0 943 4650 May 13 2416.0 2416.0 2443.0 2416.0 7773 ***** Jun 13 2417.0 2415.0 2448.0 2414.0 ***** ***** Jul 1359 words
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Article155 2013-03-21 27 Mar 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2981 1.2992 1.0380 1.0385 Canadian dollar 1.2176 1.2187 0.9742 0.9736 Euro 1.6135 1.6145 1.2902 1.2906 NZ dollar 1.0286 1.0296 0.8225 0.8230 Sterling pound 1.8882 1.8890 1.5098 1.5100155 words
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Article108 2013-03-21 27 Mar 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1406.75 1409.50 1418.75 1403.00 Jul 13 1388.00 1394.50 1400.75 1386.25 Aug 13 1350.00 1356.75 1362.50 1348.75 Sep 13 1287.75 1295.75 1298.75 1286.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13108 words
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Article80 2013-03-21 27 Mar 19 COCOA (£/tonne) Close Prev High/Low May 13 1418 1414 1423/1413 Jul 13 1431 1429 1438/1427 Sep 13 1443 1440 1448/1438 Dec 13 1451 1447 1455/1447 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2124 2145 2142/2126 May 13 2155 2176 2181/2153 Jul 13 2158 2179 2184/2156 Sep 13 215880 words
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897 2013-03-21 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 14 Conv Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 Price Best World Intl Ltd W*****5 6.5 1 30897 words
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Article70 2013-03-21 27 CRUDE OIL PRODUCTS Mar 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.23 -0.86 WTI (Near Mth) 92.15 -1.62 Dubai (1-Mth F) 105.50 1.09 Tapis blend 115.03 0.86 Minas 109.53 0.86 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.33 -0.39 Jet Kerosene 123.12 -0.15 US$/barrel OpecOil Basket70 words
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Article22 2013-03-21 27 Mar 20 S$ Bid Offer 1-month 1.2506 1.2510 2-months 1.2505 1.2510 3-months 1.2505 1.2510 6-months 1.2501 1.2515 Source: OCBC22 words
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Article65 2013-03-21 27 Mar 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1895.00 1893.50 3 months 1936.50 1936.00 Copper, Grade A(US$/tonne) Cash 7493.75 7542.00 3 months 7530.00 7575.00 Lead(US$/tonne) Cash 2145.00 2162.25 3 months 2170.00 2185.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-03-21 27 As at 9am Mar 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.264 Can dollar 1.247 1.188 Euro 1.648 1.570 Sterling pound 1.926 1.852 NZ dollar 1.065 1.005 US dollar 1.277 1.217 Local dollars to 100 units of foreign121 words
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Article159 2013-03-21 27 Mar 20 Mar 20 $S Offer Bid 0vernight 0.15 0.10 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.14 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75159 words
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PROPERTY
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Article, Illustration1346 2013-03-21 28 OSHRAT CARMIEL - Small is beautiful in Manhattan Yield seekers turn to smaller properties after a surge in demand drained the market of bigger buildings, reports OSH RAT CARMIEL reports OSHRAT CARMIEL Bloomberg [NEW YORK] INVESCO Real Estate, manager of almost US$50 billion of property investments, wanted to expand the number of apartmentBloomberg; PHOTO: BLOOMBERG - 1,346 words
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839 2013-03-21 28 Bloomberg [TORONTO] Real estate investment trusts yielding as much as 5.5 per cent, led by American Hotel Income Properties Reit, are forecast to continue outperforming Canadian initial public offerings such as Hudson’s Bay Co and Ivanplats Ltd. American Hotel is Canada’s bestBloomberg - 839 words
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Article579 2013-03-21 28 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN FEB 20 AND FEB 26, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 25/02/2013 99 861 1993 2314 District 4 NON-LANDED The Interlace Apt579 words
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1109 2013-03-21 29 Home sales at lowest since 2006; Seoul prices lowest since March 2008 Bloomberg [SEOUL] South Korean housing sales at the lowest levels since 2006 are increasing the urgency of President Park Geun Hye’s plans to bolster the market, just as China, Singapore and HongBloomberg - 1,109 words
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Article, Illustration375 2013-03-21 29 AMANDA TAN - Condo development comes with mall, bus interchange By AMANDA TAN [SINGAPORE] Hillion Residences is set to be Singapore’s first mixed-use development in the west to integrate residential living with amenities such as a retail mall and a fully air-condi-tioned bus interchange. The development in375 words
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381 2013-03-21 30 GRACE NG - Trend could be detrimental to Singapore’s image as a shoppers’ paradise: World Retail Congress By GRACE NG [SINGAPORE] The global trend of offering lower rents to big brands has enabled them to dominate the retail scene here. Savills’ latest report on the retail sector381 words
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356 2013-03-21 30 ONG CHOR HAO - By ONG CHOR HAO [SINGAPORE] The Council for Estate Agencies (CEA) is finalising its review of regulations for agents with input from stakeholders, according to Senior Minister of State for National Development Tan Chuan-Jin. Having experienced the new regulatory system since CEA356 words
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Article, Illustration846 2013-03-21 30 They are drawn by mild climate, relaxed lifestyle AFP [SPAIN] Russians are snapping up luxury villas surrounded by lush vegetation along Spain’s rugged Mediterranean coast, drawn by a mild climate and relaxed lifestyle, providing the country’s ailing economy with a much-needed boost.AFP; PHOTO: AFP - 846 words
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Article, Illustration560 2013-03-21 31 FELDA CHAY - Rise in average rent a result of revamp of several malls in shopping stretch By FELDA CHAY [SINGAPORE] Average rents for prime Orchard Road shop space rose for the first time in over a year in the first quarter, and arePHOTO: ION ORCHARD - 560 words
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422 2013-03-21 31 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Investment sales of hotel real estate in Singapore slipped from $1.58 billion in 2011 to $1.45 billion last year, according to property consultancy Knight Frank. One of the reasons that fewer deals were closed was the pricing422 words
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346 2013-03-21 31 NATHANIEL CHEW - JLL sets $45-50m indicative price for Bright Chambers By NATHANIEL CHEW [SINGAPORE] Bright Chambers, a commercial building located at 108 Middle Road, has been put up for collective sale by tender by real estate agent Jones Lang LaSalle (JLL). The nine-storey commercial development346 words
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Advertisement13 2013-03-21 28 Qavills.asia HI China Hong Kong Singapore ‘Taiwan Thailand ‘Vietnam Agency no. l3oo9688b E^SSEtoigltijJl13 words
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Page 29 Advertisements
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Advertisement292 2013-03-21 29 International Property Group Pte Ltd We deal with Sales and Leasing of the following types of assets 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique and Budget Hotels Commercial Shophouses Strata Office Units and Retail Space Light Industrial Buildings and Strata Units Restaurants within Central Area We292 words
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Advertisement270 2013-03-21 29 AUCTION ON 27 MARCH 2013, WEDNESDAY ESTATE'S SALE 1) Off Bedok Road 2) Braddell Heights Estate BEDOK RIA GRES SUBJECT < SITE* Hex SERANGOON AVE 2 SUBJECT i, SITE 0RB WOLSKEL RD -S 1 Land with a 1-storey detached Land area approx. 6,455 sq ft Freehold Zoned 2-storey mixed landed270 words
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Advertisement113 2013-03-21 29 FOR SALE BY PRIVATE TREATY Address 26 Ang Mo Kio Industrial Park 2 Description 2 blocks of purpose-built industrial building comprising office and production/warehouse areas Land Area approx. 17,834.80 sq m (191,973.78 sqft) GFA approx. 26,233.87 sq m (282,381.38 sqft) Zoning Business 2 Plot Ratio 2.5 Deadline Expressions of Interest113 words
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Page 30 Advertisements
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Advertisement256 2013-03-21 30 PRIME SHOPS OFFICE SPACE OFF ORCHARD ROAD FOR SALE ORCHARD ROAD I V ISTANAPARK DHOBY GHAUT U PARK MALL VISIONCREST RESIDENCE SINGAPORE SHOPPING CENTRE YWCA Extremely rare opportunity to acquire either half floor or whole floor of commercial space just off Orchard Road Prominent location with 3 road frontages Situated256 words
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Advertisement263 2013-03-21 30 Building Wealth Through Structured Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. '3* i, <i 1 W W: T- ■’-I*-' --5 INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation SINGAPORE Commercial buildings263 words
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Advertisement24 2013-03-21 30 FOR SALE LEASE PRIME SPACE ORCHID HOTEL Retail shops/office/2nd floor Near Tanjong Pagar MRT High visibility/traffic 893/2,217/5,468 sq ft Contact9090 2222Orchid Hotel Pte Ltd24 words
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Advertisement467 2013-03-21 31 OVAL QUARTER LONDON SW9 LONDON’S NEWEST PARKSIDE ADDRESS The computer generated illustration is drawn from plan and is indicative only of how the completed development will appear. minis h th mni r lil IE i E ii a ii 7 0 i I Itfwj II nm ii ED II! FI467 words
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Page 32 Advertisements
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Advertisement306 2013-03-21 32 ARENA HELLO SINGAPORE APARTMENTS SOUTH BRISBANE f fr. *&n i v s N V s y s 'N V > 'to m Si S 1 hM> > S *v M SI I si;/ T i ”3i li 3 r in ij i? ii a •Ta nil isr^s |l 1 R/-V»306 words
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Investing in Iskandar
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Article, Illustration369 2013-03-21 1 ARELY seven years ago, few knew much about Iskandar Malaysia, or the Iskandar Development Region and South Johor Economic Region as it was known back then. Today, this main southern development corridor in Johor is seemingly all the rage, with scores of local and foreign369 words
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Article, Illustration1540 2013-03-21 2 LEE U-WEN - The chief executive of the Iskandar Regional Development Authority discusses his mega-project withLEE LEE U-WEN LIKE a doting father, Ismail Ibrahim’s pride is evident whenever he talks about his now sev-en-year-old “baby” that is Iskandar Malaysia (IM). He has been slowly nurturing this mega-project the main southernPHOTO: ISKANDAR REGIONAL DEVELOPMENT AUTHORITY; Source: IRDA, Khazanah, IIB, MIDA & corporate announcements - 1,540 words
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Article, Illustration2134 2013-03-21 8 ALICE TAN, JOANNA CHEN, LE THI DAN THUY - By ALICE TAN, JOANNA CHEN LE THI DAN THUY The writers are analysts at Knight Frank Consultancy Research. THE Iskandar Malaysia (IM) region has received much attention in recent months, as Singapore business enterprises and investors seek alternative areas of growth beyond Singapore. Launched in2,134 words
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Article, Illustration1027 2013-03-21 10 LEE U-WEN - More visitors are expected when an adjacent water park opens in Q4, followed by a family hotel, Legoland’s boss tells LEE U-WEN LEE U-WEN SIEGFRIED Boerst is probably the envy of every single Lego fan out there. The 50-year-old German is the boss at Legoland Malaysia,PHOTO: LEGOLAND - 1,027 words
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Article, Illustration1186 2013-03-21 10 KEITH MARTIN - Sinking roots in IM has been a great move for CEO Keith Martin’s family By KEITH MARTIN The writer is the chief executive officer of Global Capital Development. ISKANDAR Malaysia is enjoying a defining moment. The recent announcement to increase transportation links andPHOTO: KEITH MARTIN - 1,186 words
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Article, Illustration1112 2013-03-21 14 reportsLIM JIA YING - Some banks organise visits for clients keen to explore investing in Iskandar, reportsLIM JIA YING reportsLIM reportsLIM JIA YING AS Iskandar Malaysia’s attraction as a top business destination increases by the day, small and medium-sized enterprises that want a piece of the pie1,112 words
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Article, Illustration1077 2013-03-21 14 PAULINE NG - By PAULINE NG in Kuala Lumpur IS the special economic zone of Iskandar Malaysia in Johor approaching a tipping point, or has it already been reached? Whatever one’s view may be, it appears a moot point based on the pick-up inFILE PHOTO - 1,077 words
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Article, Illustration1407 2013-03-21 16 ABHIJIT GHOSH - Businesses mulling expanding or moving must evaluate carefully the critical factors in a different operating environment. BY ABHIJIT GHOSH The writer is partner at PwC Services LLP. ISKANDAR Malaysia (IM) can be considered an appropriate destination for Singapore companies seeking to expand their businessesPHOTO: STOCK.XCHNG - 1,407 words
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1617 2013-03-21 16 TAY BENG CHAI - It may be a good move to make Irda your first port of call By TAY BENG CHAI The writer is a partner of ATMD Bird Bird LLP, and is concurrently the Managing Partner of Tay Partners, Malaysia. The article1,617 words
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Article, Illustration947 2013-03-21 18 AYLWIN TAN - Singapore and Iskandar’s symbiotic ties can help them realise their full potential together. ByAYLWIN TAN BY AYLWIN TAN The writer is Ascendas chief customer solutions officer ISKANDAR Malaysia (IM) has been the talk of the industry for some time now. With the recent entry of947 words
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Article, Illustration1240 2013-03-21 18 JOHNNY CHNG, CHRIS YAP - There are rich pickings but investors must do their homework and manage risks as in any investment By JOHNNY CHNG CHRIS YAP The writers are from the International Projects Department at OrangeTee.com Pte Ltd. SPURRED by restrictions back home, Singaporeans have now cast their eyesFILE PHOTO - 1,240 words
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Article, Illustration2036 2013-03-21 20 LEE U-WEN - THIS is an edited excerpt of an interview with Ismail Ibrahim, the chief executive of Iskandar Regional Development Authority. He was speaking to The Business Times correspondent LEE U-WEN in Johor Baru. LEE U-WEN Question: How would you describe the past yearRegion.FILE PHOTO; PHOTOS: LEGOLAND; FILE PHOTO - 2,036 words
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Article, Illustration1012 2013-03-21 22 ONG CHOR HAO - Motorsports City draws potential investors from around the world, writesONG ONG CHOR HAO THE RM3.5 billion (S$1.4 billion) Motorsports City at Gerbang Nusajaya in Malaysia’s Iskandar region may be a few years away from completion, but it has already generated strong interest,FILE PHOTOS - 1,012 words
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Article, Illustration1085 2013-03-21 23 LEE U-WEN - Officials hope that the new Pinewood Iskandar Malaysia Studios will help the state become Malaysia’s movie capital. ByLEE U-WEN BY LEE U-WEN IMAGINE James Bond himself tearing down the Coastal Highway in Johor as he chases evil villains in his trademark Aston Martin convertible.FILE PHOTO - 1,085 words
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Page 1 Advertisements
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Advertisement333 2013-03-21 1 CONTENTS The Iskandar journey IPAGE 2 Bigger gains await first movers IPAGE 8 Managing a kids' paradise Legoland IPAGE 10 A choice destination for lifestyle and business IPAGE 10 Making the move to newer pastures IPAGE 16 A haven for both motor fanatics and families IPAGE 22 SEAMLESS SERVICES WORLDWIDE333 words
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Advertisement79 2013-03-21 2 SENAI SKUDAI JOHOR SULTAN ISMAIL INTERNATIONAL AIRPORT ISKANDAR MALAYSIA N E W S KTM Service North South Expressway Singapore Johor Baru Ring Road Second link expressway Senai Desaru expressway JOHOR BARU CITY CENTRE EASTERN GATE DEVELOPMENT RAMSAR SITES NUSAJAYA CAUSEWAY WESTERN GATE DEVELOPMENT SECOND LINK ACCESS TO SINGAPORE JOHOR PORT79 words
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Advertisement328 2013-03-21 3 Builder of Distinction Setia SPSETIA BHD GROUP Invest In The Most Desirable Projects In Iskandar Malaysia S P Setia is an internationally-acclaimed developer that offers a wide range of property choices for your investment needs from innovative townships, iconic high-rise residences to ecologically-attuned business parks. All these developments are located328 words
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Advertisement339 2013-03-21 4 / 5 > w V 1 V I vG 0« V 4. ,-.v <ii I 1 w M 4i 4 i I />< t n>: I "il p- a 4 I ii 41 t SI 4- •> rl MS 4 **4 »-V r*' s? <-> S 1 w i Here s our339 words
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Advertisement204 2013-03-21 7 Unveiling Soon! A premier integrated tech park by industry leaders Ascendas DEM Land minutes to your new business location in Iskandar Unrivaled Proximity. A New Benchmark. Having successfully created some of the most acclaimed business space environments in Asia, industry leader Ascendas now partners UEM Land, the award-winning master developer204 words
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Advertisement351 2013-03-21 9 horizon hills one with nature s m in W m I IV YOUR HORIZON At Horizon Hills, every element of home is laced with luxury. From the luxury of space within your home and out, across 1,200 acres of lush green to the luxury of a championship golf course and351 words
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Advertisement7 2013-03-21 11 Business Times, Thursday, March 21, 2013 117 words
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Advertisement772 2013-03-21 12 / 13 ADVERTORIAL iYISK/ Aerial map of Sunway Iskandar. Artist's Impression only. BUSINESS "Vision is the art of seeing what to others is impossible. The only way to determine a great future for us, and for generations to come, is to create it". t Tan Sri Dr Jeffrey Cheah f ao Founder772 words
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Advertisement791 2013-03-21 15 Advertorial JEWEL OF THE SOUTH An integrated waterfront master plan in Danga Bay, Iskandar Malaysia Tropicana Danga Bay is an ambitious and exciting development by premier developer DIJAYA Corporation Berhad that aims to help transform the 450-acre Danga Bay into a dazzling waterfront city within the burgeoning Iskandar Malaysia region791 words
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Advertisement179 2013-03-21 17 BRUNS FIELD BRUNSFIELD ISKANDAR WATERFRONT ACROSS THE SEA, BEYOND THE SKY Cut loose from the routines and just indulge in the spectacular Iskandar Malaysia Introduction Tour OPEN FOR REGISTRATION yu r 58 Join our Iskandar Malaysia Introduction Tour Site Visit Date Time Danga Bay Waterfront City 30th 31st March 2013179 words
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Advertisement975 2013-03-21 19 JL ISKANDAR MALAYSIA MAH SING -Jk MAH SIJMG CROUP A Premier Lifestyle Developer Mah Sing looks to the future of Iskandar Malaysia Almost everyone has heard of Iskandar Malaysia and its high-impact developments aimed at transforming Johor Bahru into a strong, sustainable metropolis of international standing. Located in the southern-most975 words
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Advertisement187 2013-03-21 21 MALAYSIA PROPERTY SEMINAR Buying V o 1 l 1 ID! ROCS 0 Seminar Speaker: Mr. Norman Sia A well-known Speaker for Malaysian Property Investments. He has conducted numerous well-attended seminars providing insightful information of Malaysia Property Market. By attending this seminar you will find out (A) REMAKING KL... What are187 words
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Advertisement373 2013-03-21 22 MEDICAL&WELLNESSCENTRE DB ISKANDAR Artist’s lmpression Only DB Vintage Hotel Welcome toDBMEDICAL WELLNESS CENTRE the latest medical facility within the highly sought after Nusajaya region. With a vision of establishing a world class clinical hub, DB MEDICAL WELLNESS CENTRE, HOTEL offers superb infrastructure, well-planned layouts and essential support for medical professionals373 words
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Advertisement253 2013-03-21 23 THE Straits View residences W. S m I na M r premier Living in the heart of Iskandar Malaysia Located in one of the economic flagship zones of Iskandar Malaysia, The Straits View Residences features semi-detached homes and 16 exclusive bungalows within a gated and guarded premier community. With land253 words
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Advertisement85 2013-03-21 24 Expand your property portfolio in Malaysia with CIMB Overseas Property Financing. Interested in properties across Malaysia’s prime locations such as Kuala Lumpur, Penang and the highly coveted Iskandar Malaysia? With CIMB Overseas Property Financing, you can conveniently finance these properties with ease right here in Singapore, and even in Singapore85 words
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