The Business Times, 10 May 2007
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2007-05-10
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The Business Times
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Title Section20 2007-05-10 1 THE BUSINESS TIMES Thursday, May 10,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg20 words
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652 2007-05-10 1 DANIEL BUENAS - US maintains top spot but emerging nations quickly catching up in competitiveness: report By DANIEL BUENAS [SINGAPORE] Singapore has overtaken Hong Kong to become the world's second most competitive country, according to the latest World Competitiveness Yearbook report published by Swiss business school IMD. Of652 words
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Article132 2007-05-10 1 STI 3,452.72 (+13.51) ST INDEX FUTURES 3,450.00 (+16.00) SIMSCI 425.40 (+1.37) SIMSCI FUTURES 420.50 (+1.60) MARKETS Wednesday Change KLCOMP 1,350.84 -3.83 NIKKEI 225 17,748.12 +91.28 HANG SENG 20,844.78 +138.43 SET INDEX 706.29 JAKARTA COMP 2,037.98 +15.19 MANILA COMP 3,345.98 +12.03 SEOUL COMP 1,593.42 +10.77 SHENZHEN B 713.53 +32.96132 words
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Article, Illustration729 2007-05-10 1 DOW JONES INSIDER TRADING AP Reuters [HONG KONG] A recent newspaper profile of Michael Leung said that when the Hong Kong businessman got excited about a stock, he would call a family meeting with his mother, children, son-in-law and evenAP; Reuters - 729 words
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Advertisement32 2007-05-10 1 LETTERS TO THE EDITOR Fixed deposits: Customers hit out at banks PAGE 21 LATEST ON US INTEREST RATES: Go to http://ww.busmesstimes.com.sg for the outcome of the latest Federal Open Market Committee meeting32 words
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Advertisement23 2007-05-10 1 a PROPERTY CityDev chairman on residential rentals ♦jj ART AUCTION Spring sales in New York off to USs2Bom start PAGE 17 8 l^llllllll^23 words
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Advertisement44 2007-05-10 1 ON THE MOVE HB Top criminal lawyer to leave Harry Elias page 11 v BizlT S'pore poised to lead in globalised economy. IBM chief PAGE 28 ■ki m Mk< nil ft $%bKziO9hHIHI• -v JP ln>> x B? |^H -tl I II i «<*»»«— I I44 words
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TOP STORIES
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Article, Illustration699 2007-05-10 2 DANIEL BUENAS - Review whether new thrusts are easily copied By DANIEL BUENAS [SINGAPORE] Singapore needs to consider whether its recent moves into life sciences and other new fields will give it a real "creative advantage" over regional competitors in becoming an innovationdrivenYEN MENG JIIN - 699 words
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662 2007-05-10 2 CONRAD TAN - Bank chiefs optimistic for rest of year, cite strong economic growth By CONRAD TAN [SINGAPORE] THE combined profits of the three Singapore banks rose 29 per cent in the first quarter to $1.65 billion excluding one-time gains, boosted by strong loans growth and662 words
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558 2007-05-10 4 MATTHEW PHAN - Heng calls for better use of capital markets By MATTHEW PHAN [SINGAPORE] Asian businesses rely too much on financing by bank loan, even though the companies have been growing in size, complexity and competitiveness, Monetary Authority of Singapore managing director558 words
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Article476 2007-05-10 2 SingTel plans tower shareholder payout SINGAPORE Telecommunications yesterday reported a 3.7 per cent fall in fourth-quarter underlying net profit amid sluggish markets at home and Australia. It proposed a total payout of $3.3 billion or 20.5 cents per share to shareholders, lower than last year's $4 billion distribution.476 words
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Article892 2007-05-10 4 SIOW LI SEN - Dividend of 20.5 cents per share as full-year underlying net up 8% to $3.6b By SIOW LI SEN [SINGAPORE] Singapore Telecommunications yesterday reported a 3.7 per cent fall in quarterly underlying net profits amid sluggish markets at home and Australia. It proposed a total payout of892 words
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Article, Illustration575 2007-05-10 4 Reuters [HONG KONG] How many times have you been to China? The question now pops up in boardrooms, lounges and lecture halls around the globe and is increasingly being raised by businessmen, investors and Nobel laureate economists. Chinese ground-level accessReuters; FILE PHOTO - 575 words
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Advertisement12 2007-05-10 2 peoplG Your search ends here. Www thepeopleatwork com Asia Pacific Fxecutive Search12 words
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Advertisement1902 2007-05-10 4 POKKA CORPORATION (SINGAPORE) LIMITED (Company Registration No. *****0135E (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Pokka Corporation (Singapore) Limited ("the Company") will be held at Room 80.V Level 8, NTUC Centre, 1 Marina Boulevard, Singapore *****9 on Friday, 25 m May1,902 words
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Advertisement381 2007-05-10 5 r f I *^-'W J I /—X fx I I aW Infill Vl J I x x J* -I 1 Vl' I y m Ib^^lmH^l^H^^^^^^^H^HHHßßH i Wtf V P» A R T F O JBm v J:3,#« :fw^teF--.w" jhß* ,^^^^^^^^K*»3gliii?S%raPg|j i r rtAgjf««K. ,J1 w t^t-. ■wfrnr" pgfr s/fsL 1381 words
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Advertisement202 2007-05-10 6 Prime Business Park Space Ready For Occupation «r J- -i The strategically locate'd Eightrium Changi Business Park is now ready to be the creative hub to work and play. Designed for the world of high-technology, research j™"* I |g| development and. knowledge-intensive industries, r I B I I I 11202 words
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COMPANY NEWS
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689 2007-05-10 6 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN ON MONDAY, DBS moved oneup on its rivals by setting up Singapore's first Islamic Bank, and with prominent Gulf investors as partners to boot. It should be lauded for its vision, especially when it689 words
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394 2007-05-10 7 CHRISTINE SIM - By CHRISTINE SIM HOTEL, spa and resort developer and manager Banyan Tree Holdings announced yesterday that it will not pass up on what it sees as an opportunity to become a price-maker in the growing global small luxury hotel market. The394 words
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336 2007-05-10 7 MATTHEW PHAN - Deal is group's first big rail contract in central Europe By MATTHEW PHAN SINGAPORE Technologies Engineering (ST Engg) has won a contract worth about $123 million to develop turnkey integrated systems for a commuter rail project in Turkey, its first major rail336 words
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213 2007-05-10 7 YONGNAM Holdings has won a contract for civil and structural steelworks from Obayashi Corporation worth about $60 million. The works are for some 11 over-ground stations as part of the US$l.6 billion Dubai Metro project Red Line. The Dubai Metro project will link Rashidiya213 words
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441 2007-05-10 9 LIN ZHAOWEI - Excluding insurance gain in Q2 2006, profit grew 48.3% to US$7.6m By LIN ZHAOWEI INFORMATION technology solutions and services company Datacraft Asia announced yesterday a fall in net profit in the second quarter ended March 31, despite revenue growing by 23.1441 words
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Article804 2007-05-10 9 first-quarter net profit to $37.97 million, with total revenue rising 40.6 per centto $131 million. Fu Yu turns in $2.7m loss FU Yu Corporation has reported a loss of $2.7 million for the quarter ended March 31,2007, against a net profit of 17.8 million in the previous corresponding804 words
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388 2007-05-10 9 OH BOON PING - By OH BOON PING ASTI Holdings has more than quadrupled its firstquarter revenue to $137.8 million due to the consolidation of subsidiaries ASA Group and Fl/extech in its financial statements. Without their contributions, turnover would be about $27 million down from388 words
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552 2007-05-10 6 CONRAD TAN - By CONRAD TAN OCBC Bank's net profit more than doubled to $647 million in the first quarter, boosted by strong revenue growth, better interest margins and one-time gains. The 103 per cent earnings jump included a $90 million gain from552 words
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Article408 2007-05-10 6 ANGELA TAN - By ANGELA TAN MAINBOARD-LISTED AEM Holdings, formerly known as AEM-Evertech Holdings, is helping the Corrupt Practices Investigation Bureau (CPIB) in an investigation. In a short statement to the Singapore Exchange (SGX) yesterday, it said that "the company is currently cooperating with investigation being conducted by408 words
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Article, Illustration687 2007-05-10 7 TEH HOOI LING - These include ensuring Perfect Field's 100MW capacity runs by Oct By TEH HOOI LING PERFECT Field Investment Inc, a Jilin-based maker of solar energy products which Rowsley is acquiring in a reverse takeover, will have to ensure that its 100megawatt production capacity is running by687 words
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Advertisement197 2007-05-10 7 SINCAPORE IKTIT With control over your global market trades in FX, FX Options, CFDs, Futures and -a; Equities, our award-winning multi-product trading platform gives you: t j^H^ffißH||^^Hr m Real-time pricing, rapid execution and valuation of your holdings .'i. ife-' Unique customizable view- Multiple financial assets on one screen Comprehensive chart197 words
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SINGAPORE MARKETS
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Article, Illustration536 2007-05-10 8 R SIVANITHY - STOCKS Investors a little cautious in mixed trading ahead of US interest rates meeting R SIVANITHY Senior Correspondent A REBOUND in Hong Kong and a firm opening for Europe yesterday ensured the Straits Times Index avoided a third consecutive day of weakness, in aSource: Bloomberg - 536 words
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Article, Illustration946 2007-05-10 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Undi Up Down Undi Multi Ind 485 010 495 Manufacturing 82 66 66 14 11 22 77 88 Commerce 30 29 22 5 8 3 35 37 25 Tpt/5toriCowwns 22 15 8 2 1 0 24 16 8 Finance946 words
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Article, Illustration940 2007-05-10 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Yanlord Land May 9 dose: 552.75 CITIGROUP RESEARCH. May 8 INITIATE with "buy/low risk": Our 553.33 target price is based on Our forward 2008 net asset value (NAV). Our target price and 2007E dividend yield of 2 per cent imply a total return ofSource: Bloomberg - 940 words
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Article, Illustration514 2007-05-10 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar managed a degree of corrective bounce before the US central bank's latest thoughts on monetary policy due out later yesterday evening, but selected Asian favourite currencies re- mained stubbornly strong nonetheless. The Indonesian rupiah once againSource: Reuters - 514 words
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Advertisement47 2007-05-10 9 ML IB I r I f 1 1/ f H I m xf wk 1 t 1 Tid I .11 JS L lil ITI 1 I H 11 11 I II l I I 1 "1 K BHH ||K^. Bk. I JIIIIIVViiHHBHIHHHHIHHIIIIBMiM 111 111 1 11 Mim¥i3»T*w4?B^^yn?i!^l47 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1318 2007-05-10 10 VINCENT WEE - SMU has started a course to help jump-start a career in commodities trading, which is facing a shortage of skilled traders, reports VINCENT WEE VINCENT WEE THE rise of Singapore was based on trade. Yet despite being the world's 16th-largest trading nation,1,318 words
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328 2007-05-10 10 Interchem COO praises SMU's unique programme THE chief operating officer of chemicals trader Interchem, Roberto Dahlgren, is full of praise about the setting up of the SMU's International Trading Track. He believes that no other university anywhere offers such a curriculum, and he328 words
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Article, Illustration526 2007-05-10 10 FOR the students who signed up for the newly launched international trading track at SMU, it was a leap of faith. One of those students, third-year business management undergraduate Joy Ng, says: "Like many students, my knowledge about trading is extremely limited. Compared to banking526 words
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Advertisement85 2007-05-10 10 —FOR THOSE AT THE PINNACLE OF THE GLOBAL f TRADING COMMUNITY SUMMIT The G oba Trader Summit 2007 (GTS 07) is an elite and exclusive conference for strategic idea generation and high-powered business 2007 networking with those at the pinnacle of international trading. Themed Sustaining Leadership in Global Trading, GTS85 words
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Advertisement8 2007-05-10 10 IH 5 ssssr The Business Times SINCAKMU Singapore8 words
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SINGAPORE NEWS
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Article, Illustration479 2007-05-10 11 RONNIE LIM - By RONNIE LIM THE Energy Market Authority (EMA) will be empowered to open the national gas pipeline grid here for use by all parties once the recently introduced Gas (Amendment) Bill is ratified as the amended Gas Act later this month, sources said.FILE PHOTO - 479 words
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Article, Illustration367 2007-05-10 11 CHARMIAN KOK - By CHARMIAN KOK MINISTER for Trade and Industry Lim Hng Kiang yesterday called for Asean to continue opening up services industries. In the opening address of the second Asean services forum "Raising the competitiveness of Asean services industry" yesterday, Mr Lim said: "In367 words
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164 2007-05-10 11 Reuters IKUALA LUMPUR] Malaysian and Singapore leaders will go on a cruise next week for talks on new areas of cooperation including cross-border investments and tourism, Malaysia's foreign minister said yesterday. The two countries have deep economic ties, butReuters - 164 words
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322 2007-05-10 11 TETTYANA JASLI - By TETTYANA JASLI MAYBANK has introduced a new insurance scheme in response to a recent report that the average working Singaporean is badly un-der-insured. The existing estimated cover of $118,000 is just 2.8 times the average annual income of $42,427. The Life Insurance Association recommends322 words
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238 2007-05-10 11 SAMUEL EE - By SAMUEL EE COE premiums continued to rise strongly across the board yesterday, leaving some motor traders puzzled. "Most of the authorised distributors are doing only OK business and their showrooms have been relatively quiet," said the manager of one popular Japanese dealership.238 words
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Article, Illustration370 2007-05-10 11 CHARMIAN KOK - High profile lawyer to lead criminal litigation team at KhattarWong By CHARMIAN KOK THE Harry Elias Partnership law firm yesterday said that veteran lawyer Subhas Anandan will be leaving the firm to join KhattarWong and Partners at the end of this month. MrFILE PHOTO - 370 words
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Advertisement313 2007-05-10 11 q&a I Citi Private Bank Wealthy Families Need A Global Trusted Advisor TAN SU-SHAN Q How is Private Ranking changing? Q Who can benefit from your services? A Client needs are evolving as information becomes A Clients with a net worth in excess of US$ 10 million can globally available.313 words
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ECONOMY WATCH
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129 2007-05-10 12 Reuters [WASHINGTON] Maintenance problems with ageing oil refineries and strong global gasoline demand should push gasoline prices for American motorists slightly above US$3 per gallon this summer, the US Energy Information Administration (ELA) projected on Tuesday. During the US summer driving season,Reuters - 129 words
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282 2007-05-10 12 Purchasing, supply execs expect 5.6% mfg growth Reuters Bloomberg [NEW YORK] The US economy will grow in 2007, with the rate of growth in manufacturing outpacing that of the non-manufacturing sector, purchasing and supply management executives said on Tuesday. Manufacturing revenue isReuters; Bloomberg - 282 words
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Article, Illustration495 2007-05-10 12 Regulators should just monitor banks, brokerages that finance the funds Bloomberg [BRUSSELS] European Union finance ministers called for investors rather than regulators to oversee hedge funds, as Germany failed to budge the UK and other countries towards stricter controls on the investment vehicles.Bloomberg; BLOOMBERG - 495 words
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Advertisement234 2007-05-10 12 Diners Club Card r<>w»«.064i***** A WorlA of Exclusive Privileges Treats Diners Club www.Jmers.com.sg Emotional- "i-V, sS t W V v -if C HHMH BH$ m m .ISP® lfi»j*w wJkMi» I #*#l»*** ie W f v i^t< i ~r T Enjoy j AN EXCEPTIONAL MOTHER'S DAY MERITUS MANDARIN Let your precious234 words
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MALAYSIA/INDONESIA
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Article, Illustration386 2007-05-10 13 President director also expects to raise market share from 3% to 5% Reuters [JAKARTA] Indonesian mobile phone operator, PT Mobile-8 Telecom Tbk, aims to more than double its revenue this year as it continues to expand its network and grab more customers, itsReuters; BLOOMBERG - 386 words
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Article, Illustration256 2007-05-10 13 Reuters [KUALA LUMPUR] Shares in Malaysian telecommunications firm TlMEdotCom jumped 5 per cent yesterday on speculation that it could be in the takeover sights of the country's smallest mobile phone firm, DiGi.Com. Shares in TIMEdotCom's parent firm, Time Engineering Bhd, also rose.Reuters - 256 words
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BRIEFLY ASIA
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145 2007-05-10 13 Reuters [MUMBAI] India's most populous state of Uttar Pradesh is headed for a hung legislature after a month-long vote, exit polls showed yesterday, with analysts fearing a period of uncertainty before an alliance is cobbled. The exit polls showed the Bahujan Samaj Party (BSP),Reuters - 145 words
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182 2007-05-10 13 Bernama [BOSTON] Government-linked companies (GLCs) should give business to both bumiputera and non-bumiputera companies, Malaysian Deputy Prime Minister Mohd Najib Tun Razak said on Tuesday. "The government's policy is that we want to encourage GLCs to give work to both bumiputera andBernama - 182 words
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113 2007-05-10 13 Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd, a mobile phone company controlled by billionaire Li Ka-shing, said it completed the sale of a 67 per cent stake in its Indian unit to Vodafone Group pic. The price was lowered by US$352 million from an earlierBloomberg - 113 words
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275 2007-05-10 13 Reuters [JAKARTA] The Indonesian arm of Mitsubishi UFJ Financial Group is interested in buying another Indonesian bank after taking over PT Bank Nusantara Parahyangan Tbk, a newspaper reported yesterday. Bisnis Indonesia quoted a senior official at the Jakarta office of The Bank ofReuters - 275 words
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Article2458 2007-05-10 13 vol May 9 KM W- C000) AIM Realty -2.45 -004 289 Abrk Bhd .0.31 -0.01 24 Acp Industries .2.14 -0.06 204 Advance Synergy .0.34 unch 643 Adventa Bhd 1.27 -0.08 2097 Ae Multl Hldgs .0.34 -0.01 29 Affin Holdings .2.26 0.01 1600 Ahmad ZakiResou .2 97 0 022,458 words
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Advertisement178 2007-05-10 13 I i ill I n i ilnli il i i|i| iiii liiniln 1 Discover latest developments in Southeast Asia, China, India and the Middle East WBm Manage recruitment and talent retention challenges across borders jSb£ Gear up for export and overseas growth ft Build up firm-level capabilities |W5 Bpf Steer178 words
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INDIA
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256 2007-05-10 14 Poor countries get 25% savings with new prices Reuters [NEW YORK] Former United States president Bill Clinton announced deals with two Indian generic drug companies on Tuesday to cut prices of Aids treatments for 66 developing countries, a move that could help nearlyReuters - 256 words
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Article, Illustration321 2007-05-10 14 It is in talks to pick an Indian partner as it speeds up expansion overseas AFP Bloomberg [MlLAN] Carrefour SA, the world's second largest retailer, is in talks with three to four potential Indian partners as it expands outside France to capture growth stronger thanAFP; Bloomberg - 321 words
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128 2007-05-10 14 Reuters [MUMBAI] Rupert Murdoch's News Corp is in talks with India's Sun group, which operates the Sun TV Network Ltd, to launch a tabloid newspaper, the Business Standard reported yesterday, quoting unnamed sources. The English tabloid is likely to beReuters - 128 words
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316 2007-05-10 14 But in Japan, volatile price deters investors Reuters [SINGAPORE] Purchases related to the wedding season in India, the world's largest gold consumer, have dominated gold trading in Asia this week but a volatile price curbed the appetite of Japanese investors. A firm rupiahReuters - 316 words
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Advertisement86 2007-05-10 14 r s W> t X ..yvV y a !".i .-i < -&:M Kr i 'Js>, < t S I f v;U V "fi V VJ-'ST i:! y •%> A 1 C > v ■v vtf V-' •S./V V. v.-,' ■"> 7.., V -i-. 1 v V- v-.v. t wiL .*t86 words
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Advertisement185 2007-05-10 14 Our qualified professionals can assist you with offshore structures, shelf companies mj/MJ %r" and incorporations In ALL jurisdictions Including: British Virgin Islands Cayman Islands Bahamas Mauritius BBHHHHHH Hongkong Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate185 words
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GREATER CHINA
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601 2007-05-10 15 JANE MOIR - Govt move to black out addresses flouts law: activist By JANE MOIR in Hong Kong A REGISTER of cash donations from Hong Kong's major tycoons for the chief executive election has become the focus of controversy after the government took steps to601 words
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272 2007-05-10 15 AFP [SHANGHAI] Chinese share prices closed up 1.6 per cent yesterday, breaking through the psychologically important 4,000-mark for the first time ever, dealers said. They said the sustained Chinese advance is being driven by massive inflows of fresh funds as smallerAFP - 272 words
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366 2007-05-10 15 Reuters [HONG KONGI Hong Kong's stock exchange, Asia's largest listed bourse, beat expectations to notch its eighth straight record quarter, thanks to a surge in equity and derivatives trading. But analysts said turnover growth is set to slow as Shanghai makes a grabReuters - 366 words
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Article, Illustration589 2007-05-10 15 Bid to lure foreign investors, stem loss of companies to regional bourses Bloomberg [TAIPEI] The Taiwan Stock Exchange plans to merge with the island's smaller bourse and futures market, creating a "one-stop service" in an attempt to draw overseas investors and stemBloomberg; BLOOMBERG - 589 words
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Advertisement48 2007-05-10 15 i <unt»mh«f ?007 Tickets are non-reroutabk non-endorsaHe and applicable on TG 3 digits flights only. Tickets are valid tor 6 months from the date of travel. Prices exclude airport taxes, service fees, insurance Sm £££%'JT&TtISO™. pJrtM5, of $75 Fluent n»r n.**. .pphc*>l. to ROP o«h* torn, .nd con*,,™48 words
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MIDDLE EAST
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426 2007-05-10 16 It drafts urban planning drive for city's sustainable development Bloomberg [AßU DHABI] Abu Dhabi, the capital of the United Arab Emirates (UAE), will plan for the next several decades of development to avoid "cataclysmic growth", its urban planning chief said on Tuesday. The UAE'sBloomberg - 426 words
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370 2007-05-10 16 Iran reiterated it would not give up nuclear programme Reuters [BERLIN] Major powers were scheduled to discuss yesterday imposing tougher UN sanctions against Iran unless it halts uranium enrichment work the West suspects is part of a secret programme to build nuclear weapons. USReuters - 370 words
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Article2627 2007-05-10 16 UNIT TRUSTS FUNDS ABAmefl/rameBUSD l« E7W5 Inw9 lit ton NC EUR WS.7K1U&72U laMBg U» »WKH»- r .ml WMMWA. «U» *****25/1 1 UMT1«S; iZStEE" -T ZZZI ISniM IB 11 i11M1 ABAmtr Income A EUR 64fc DWS Gtotsl A2 USO *****42/ K? 1 .«xi ?12/ 4 it MknumrtiaVt i 33 35rt 40022,627 words
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Advertisement58 2007-05-10 16 Allianz f FOR US, IT'S THE SILVERWARE IN i YOUR POCKET THAT MATTERS MOST. J ffiHHHF" As winn r Standard Poor's 2007 Singapore Fund Awards, we are naturally delighted. But not surprised. We're renowned for producing consistent returns for our clients. FRANKLIN TEMPLETON «roors* i> For more information, speak to58 words
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ASIA-PACIFIC/WORLD
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671 2007-05-10 17 DOW JONES INSIDER TRADING He's subject of internal Dow probe; federal regulators to examine his role NYT [NEW YORK] Federal regulators are expected to examine the role of a Dow Jones director in the possible leak of confidential information toNYT - 671 words
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Article, Illustration291 2007-05-10 17 Reuters [NEW YORK] The spring art sales got off to an auspicious start on Tuesday when Sotheby's sold nearly US$2BO million worth of Impressionist and modern art, the second-best result in its history. Any doubt about the strength of the marketReuters; BLOOMBERG - 291 words
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534 2007-05-10 17 Reuters [SYDNEY] Shares in mining group Rio Tinto surged yesterday on talk that bigger rival BHP Billiton was planning a bid which would create the world's fifth biggest company, although Rio denied it had been approached. Talk swept Australian marketsReuters - 534 words
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470 2007-05-10 17 Reuters [NEW YORK] Citigroup Inc, the largest US bank, said on Tuesday it plans to commit US$5O billion to environmental projects over the next decade, the biggest commitment from Wall Street to address climate change. The amount includes nearly US$lO billion in activities thatReuters - 470 words
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WORLD WATCH
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134 2007-05-10 17 Bloomberg [NEW YORK] Rupert Murdoch's News Corp said third-quarter profit gained 6.2 per cent, on the box-office success of Night at The Museum and increased revenue from Fox News. Net income rose to US$B7l million, or 27 cents a share. Sales roseBloomberg - 134 words
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108 2007-05-10 17 Bloomberg [NEW YORK] Romeo Kreinberg and J Pedro Reinhard, the executives fired by Dow Chemical for holding unauthorised merger talks, sued the company and chief executive officer Andrew Liverisfor US$675 million. Mr Kreinberg seeks US$6OO million for defamation and wrongful termination, while MrBloomberg - 108 words
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94 2007-05-10 17 [NEW YORK] Harrah's Entertainment said on Tunesday that profit rose 1.6 per cent on increased wagering at its Las Vegas Strip properties such as Caesars Palace and the Paris. Q1 net income at the world's largest casino company rose to U*****.3 million, or 9894 words
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Article92 2007-05-10 17 AP (DETROIT] General Motors on Tuesday joined the United States Climate Action Partnership, along with 13 other newcomers that included Dow Chemical and Pepsi Co. The partnership, which now has 27 members, is an alliance of big business and environmental groups that in January told PresidentAP - 92 words
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104 2007-05-10 17 Marsh McLennon's Q1 gains slide 36% Bloomberg [NEW YORK] Marsh McLennan, the world's largest insurance broker, said first-quarter profit fell 36 per cent after its flagship unit lost US customers and the company reported lower gains from asset sales. Net income fell to US$26B million, or 47 cents a share.Bloomberg - 104 words
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234 2007-05-10 17 Bloomberg [LOS ANGELES] The Walt Disney Co's use of the Winnie the Pooh character in movies, books and other media is worth some US$l5 billion, according to an analysis commissioned by Stephen Slesinger, the publishing company that licenses the rights. The WinnieBloomberg - 234 words
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Advertisement186 2007-05-10 17 Pthe world's fastest growing profession. According to career world "Hot Jobs in Teaching", ESL is one of the 3 areas with the most demand for teachers. I This is an Exciting Time For Certified Master English Teachers as jobs m ym advancement are many varied. There is a shortage of186 words
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AVIATION
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Article, Illustration410 2007-05-10 18 Result was weaker than expected, dragging down half-year earnings to 8.26b baht Reuters [BANGKOK] Thai Airways International reported a 32 per cent fall in its second quarter net profit yesterday, slightly more than forecast, due mainly to smaller foreign exchangeReuters; REUTERS - 410 words
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430 2007-05-10 18 Bloomberg [SHANGHAI] China Southern Airlines Co, the nation's largest carrier, and other Chinese airlines narrowed their combined firstquarter loss with higher fuel surcharges and rising passenger numbers. The country's airlines had a combined loss of 820 million yuan (Ssl6l million) in the threeBloomberg - 430 words
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Article226 2007-05-10 18 [SINGAPORE] Aviation experts from the international civil aviation community have gathered here for the second meeting of the Singapore Aviation Academy's (SAA) International Advisory Council (lAC), which is being held today and tomorrow. Chaired by Raymond Lim, Minister for Transport and Second Minister for Foreign226 words
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302 2007-05-10 18 Flyington won't go ahead with earlier Boeing plane order Reuters [MUMBAI] Flyington Freighters will not go ahead with an order of freight planes from Boeing after it signed a previously announced US$l billion order for six A330-200F cargo aircraft from Boeing archrivalReuters - 302 words
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229 2007-05-10 18 [SINGAPORE] Singapore Airlines has rolled out its Interline Electronic Ticketing (eTicketing) with Malaysia Airlines, enabling it to issue eTickets to all the destinations it serves to passengers of both airlines. The e-ticketing partnership was formalised on Tuesday at Malaysia Airlines' headquarters in Subang by229 words
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Article2380 2007-05-10 18 cmr RJCMT ETA FUCHT CTD Ab. Dhabi SQ455 1230 5Q456 1300 Adelaide LH9771 1750 AF8068 2230 SO268 1750 BA7382 2230 AF8087 1820 Of82 2230 BA7381 1820 LH9770 2345 OF81 1820 SQ269 2345 -SOS 30 1930 Amsterdam L***** 0630 SQ7376 0755 SO323 0630 AZ3993 2245 AZ3992 15552,380 words
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Page 18 Miscellaneous
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Miscellaneous161 2007-05-10 18 CRYPTIC CROSSWORD authority (6) S|on (6) YESTERDAY'S SOLUTION DOWN 13 The Times is terribly bad, so A<xoss; Ha f jght( 8 Canoni 10 1 Take off on breeze here? (8) there! (10) Repeater, 11 Antler, 12 Sten, 13 2 If they're paid last, you're Air transport? (8) Boat race 15161 words
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SHIPPING
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Article, Illustration324 2007-05-10 19 Unnamed Liberian buyer will pay US$139m for each vessel Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard, won an order to build the world's most expensive oil tankers, ships three times the size of the Statue of Liberty for US$l39 millionBloomberg; BLOOMBERG - 324 words
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304 2007-05-10 19 Bloomberg [MELBOURNE] Ivernia Inc, which supplied 3 per cent of the world's lead prior to having exports from the Australian port of Esperance suspended in March, will apply this month to ship the material from Australia's Fremantle port. The company is also continuingBloomberg - 304 words
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Article113 2007-05-10 19 Bloomberg [COPENHAGEN] AP Moeller-Maersk, the world's biggest shipping company, will add a route between China and Spain as it changes offerings amid more competition. Maersk will start the route on May 28 using seven ships, each with a capacity of 4,000 twenty-foot containers, it said yesterday.Bloomberg - 113 words
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237 2007-05-10 19 Bloomberg [TOKYO] Nippon Yusen KK, Japan's largest shipping line, has signed a 40 billion yen (Ssso6 million), 20year contract with Cia Vale do Rio Doce to carry iron ore from Brazil to China as it seeks long-term deals to lock in higherBloomberg - 237 words
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201 2007-05-10 19 Bernama [KUALA LUMPUR] Malaysia has not asked countries using the busy Straits of Malacca to contribute to the cost of maintaining security in the waterway although Kuala Lumpur has to fork out a large sum of money for that purpose, Foreign MinistryBernama - 201 words
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Page 19 Advertisements
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Advertisement210 2007-05-10 19 m IWI t HOW »pwwri*i w 1 *J*i c wl v Mtuvauw I V«/n\vflpA X —A■«( > ntwi MOTHER'S DAY SPECIAL! Mums, come for our Mother's Day hotel high tea-cum-talk on Saturday, May 19! Listen to exp>erts from Mind Champs, Protocol Academy, Rustic Nirvana and Sopexa, while enjoying a lavish210 words
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Advertisement43 2007-05-10 19 11 TUNE IN TO RADIOIOO.3 NOW and stand to win g 5 Sony Ericsson WBBOI Walkman Phones j§ plus Cash^ To participate, SMS "1003" to YOUR CHOICE INFOTAINMENT STATION Radio 100.3 is managed by SPH Unionworks, a subsidiary Of wKm Singapore Press Holdings43 words
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Advertisement39 2007-05-10 19 GETAWAYS Log on to our website wvAv.suterahorbour.com to choose your escape arid be in the running to win fabulous prizes Golfer's Paradise Package Golf Spa Breakaway Package Catch us at Soothing Spa Package Fascinating Malaysia Tourism Exhibition Ladies Escapade39 words
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EDITORIAL & OPINION
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520 2007-05-10 20 EDITORIAL IS Asia just too big for the Asian Development Bank (ADB) to handle? Increasingly, it would seem so. The intense difficulty for one single institution in catering to all the region's needs became apparent during the ADB's latest annual meeting in520 words
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Article, Illustration761 2007-05-10 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT sometimes seems that almost everything Americans buy comes from China. This is, of course, a myth. In 2006, imports from China totalled US$2BB billion, about 16 per cent of all US importsThe Washington Post Writers Group - 761 words
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Article, Illustration1409 2007-05-10 21 ALAN S BLINDER - Protectionism won't work so the US needs to focus more on science and engineering, and spend more on R&D By ALAN S BLINDER The Washington Post I AM a free trader down to my toes. Always have been. Yet lately, I'm being treated as aThe Washington Post; FILE PHOTO - 1,409 words
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404 2007-05-10 21 Leong Sze Hian - LETTERS TO THE EDITOR Leong Sze Hian I REFER to the Association of Banks in Singapore (ABS) statement to the media on fixed deposit (FD) rates. It states that "from time to time, banks offer promotional rates for a limited time to attract new funds.404 words
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236 2007-05-10 21 Puah Neo Peng Chiew - Puah Neo Peng Chiew THE Consumer Association of Singapore (CASE) has recently come out strongly against the reprehensible practice of local banks short-chang-ing their loyal fixed deposit (FD) customers by not offering the best rates when FDs are auto-renewed. CASE said at236 words
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Article, Illustration1308 2007-05-10 20 LEON HADAR - The Iraq War and soaring oil prices, among other things, are producing an electoral backlash LEON HADAR Washington Correspondent IN 1968 a young Republican Party strategist, Kevin Phillips, helped engineer the presidential election victory of his party's nominee, Richard Nixon. Indeed, that year's electoralREUTERS - 1,308 words
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Page 21 Advertisements
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Advertisement103 2007-05-10 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Advertisement1610 2007-05-10 21 CATS NOTICES In the matter of The Companies Act, Cap. 50 And In the Matter of MEGARAM PTE LTD (Company No. *****2678Z) STATUTORY DECLARATION BY DIRECTORS Of COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON Of ITS LIABILITIES I, BAJ GUOBAO of 4 Corporation Rise Singopore *****8, NRIC No. *****331F, main1,610 words
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Article10739 2007-05-10 22 SGX MAINBOARD Transaction date: May 9 52WV Tel Last Vol Day Last Quote Mr GrVM Net MCap High Low Code Company Sale +<- fOOD) High Low Hyer SeMef Cvr rri Smi 3-5 2 5716 1st Software .2 susp >1 15 6 3148 STelecom 12.5 unch 1190 12.5 12.510,739 words
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Page 22 Advertisements
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Advertisement105 2007-05-10 22 j "'pw? &J i'\ *'i, r *-M'*>'i Not been making the most of the marketsf Then it's time to trade CFDs with City Index Asia. Trade multiple maxteti from Trade tong or »hort on market one account price* Manage your risk with stop loaae* and Trade *ocka,ETFaa»dfa>dioea from other order105 words
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Article7542 2007-05-10 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy Syr dy Syr May 8 Inden Change Change Change Change Change Change World Index Preliminary 1170.5 -0.6 63 -0.5 6.1 -0.8 7.4 t EAFE Preliminary 1179.8 -0.7 6.5 -0.8 6.9 -1.1 8.2 Europe7,542 words
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Page 24 Advertisements
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Advertisement1934 2007-05-10 24 UK CONTINENT SERVICE U.SJk SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMNALB/NAN AURORA SAPPHIRE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.EA. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN BRIGHT JDH/BJA loads Singapore, E./W. Maloyrio, Indonesia loads E. Molaysia, Indonesia OTHER SERVICES Tramping for1,934 words
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Advertisement425 2007-05-10 24 vtf/v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vcsa VOT RAMP HB6HT SM UC MAO SAY Ml 0» TOORCOWG AL7O4 4001 MS 6.3R1 22/05 ONT 23/0* 30/0* 02/07 IARONGA Af 716 3201 MS 6JSRI 29/05 21/06 30/06 OS/07 09/07 07/07 TUKSIS AF7I7 3201 MS 6.4R1 07/06 02/07 11/07 15/07 20/07 10/07 New425 words
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THE BUSINESS TIMES SHIPPING TIMES
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6774 2007-05-10 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number V > To ABU DHABI (AUH) 2004 U. A. Emirates 19/05 30/05 SCI SCIDIYA 714W *****355 28/05 08/06 SCI EMIRATES KANAKO 720W *****355 To ADELAIDE (ADL) 2007 Australia 20/05 08/06 China6,774 words
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Page 25 Advertisements
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Advertisement1364 2007-05-10 25 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R V: rA uiiu A iiiiPH TIL *****588 (14LINES) FAX:*****163 \\\MNIAIAM HAI I INF> CustMßWSwYta/BootoigsDlr«dUm-(1800)*****200 ll V tfflll llnl n0.TH;(03)*****8*1FAX;(03)*****2UNN ItL (04)2245W0 FUL (04J*****W V" WWII——MW—I npMMMNMWW MM www wonhni nm *TIB:(O2I)S2S4mHUfc(O2I)S2S«7»»PIMIH:7IUIO/7Ul»l M171U71 www.wgnnai.tgm.ig »1H;W61)4l57»«iW)H06l)«15»WS/«mW I voy I p« I na rcu sw1,364 words
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Advertisement995 2007-05-10 25 VISSIL VOY PKI SIN I KHI DXB BAB DMM BIK KHO WAN TABATABAEI PCLSI9B IS/05 17/05 26/05 29/05 30/05 05/06 07/06 09/06 IRAN BAASAfI PCUI99 24/05 25/05 03/06 06/06 07/06 13/06 15/06 17/06 WAN SATTARI PCLB2OO 31/05 01/06 10/06 13/06 14/06 20/06 22/06 24/06 VISStI. VOY SIN NHS BNP DXB995 words
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Advertisement9 2007-05-10 25 PLACEa^A^^B YOUR AD m M Shippin^^l CALL MICHAEL BERNARD9 words
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Advertisement733 2007-05-10 25 m ssassw WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS Vtssa 1 WY I SBI I HUANG COLOMBO N SHtVA I COLOMtO howmhh am is mT it may 19 may am VW m m MM) MW OUT 01 Jim 05 JDK AAJff GMBH 0114W 29MAY733 words
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BizIT
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Article20 2007-05-10 27 "This will enable us to create consistent solutions utilising global best practices' —Stephen Yeo, EDS Asia's vice-president of strategic initiatives20 words
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Article, Illustration812 2007-05-10 27 AMIT ROY CHOUDHURY - It will also set up its regional deal support centre in Singapore, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IN A vote of confidence for Singapore, leading IT services company EDS has decided to set up its consolidated Asia headquarters, as well as its regional812 words
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206 2007-05-10 27 Bloomberg [SAN FRANCISCO] Yahoo! Inc. owner of the most-Visited US website, will close its online auctions site in the US after it failed to match the popularity of eßay Inc. The site will stop taking listings on June 3 and the lastBloomberg - 206 words
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Article, Illustration467 2007-05-10 28 ROLAND LIM - It is well positioned for leadership in globally integrated economy, he says By ROLAND LIM SINGAPORE has managed to differentiate itself in the increasingly globalised economy and is well-placed to lead in it, according to the chief executive of technology behemoth IBM. Speaking toLAU KENG SENG GARY/LIANHE ZAOBAO - 467 words
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Article, Illustration656 2007-05-10 28 WINSTON CHAI - By WINSTON CHAI in Shanghai COMPUTER giant HewlettPackard (HP) is hoping to take pole position in the notebook segment in the Far East with an onslaught of 13 new products for this year, including a massive 20.1-inch consumer laptop aptly named656 words
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693 2007-05-10 28 Bloomberg [TAIPEI] Acer Inc said that it would become the world's second-largest notebook computer maker this year, overtaking Dell Inc, on new models sold in the US. its fastest-growing market. "We are quite optimistic about theBloomberg - 693 words
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Article, Illustration493 2007-05-10 28 Reuters [BOSTON] Red Hat Inc and IBM have formed a partnership to develop, sell and support Red Hat's Linux software for IBM's mainframe computers, people familiar with the arrangement said on Tuesday. The agreement, which the companies plan to announceReuters - 493 words
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438 2007-05-10 28 Reuters [SAN FRANCISCO] Intel Corp is set to launch new hardware for laptop computers that the world's biggest chipmaker hopes will keep it at the top of the fast-est-growing segment of the personal computer market. Intel's new product is notReuters - 438 words
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Page 27 Advertisements
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PROPERTY
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Article, Illustration463 2007-05-10 29 Metropolitan Transportation Authority hopes to get top price for 10.5 ha site Reuters [NEW YORK] New York's mass transit agency on Tuesday said it will soon seek developers for a vast 10.5 ha Manhattan rail yard, hoping to get a top priceReuters; AP - 463 words
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335 2007-05-10 29 AP [NEW YORK] A US trade organisation for real estate agents is lowering its expectations for the housing market this year to reflect stricter lending standards and the decline in mortgage originations to borrowers with poor credit. The National AssociationAP - 335 words
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274 2007-05-10 29 AFP [LONDON] Britain's capital beat the glamour of Monaco, New York, Hong Kong and Tokyo to become the world's most expensive place to buy prime residential property, a survey showed on Tuesday. Prime residential property in the British capital costs on average £2,300 (556,900) perAFP - 274 words
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Article, Illustration365 2007-05-10 30 UMA SHANKARI - Companies turning to business parks as CBD office space supply tightens By UMA SHANKARI PROPERTY group Soilbuild said yesterday its eight-sto-rey Eightrium Changi Business Park is ready for occupation, having been granted a temporary occupation permit (TOP) three months ahead of schedule. BT understands thatFILE PHOTO - 365 words
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Article, Illustration358 2007-05-10 30 Bloomberg [HONG KONG] Club Mediterranee SA, Europe's largest resort company, is seeking sites to build resorts in China, India. Cambodia and Laos in Asia, its fastestgrowing market, Caroline Puechoultres, regional chief executive, said. "We've doubled the market in South-east Asia since about twoBloomberg; FILE PHOTO - 358 words
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Article, Illustration836 2007-05-10 31 KALPANA RASHIWALA - CityDev chairman plans to keep some units in new residential projects By KALPANA RASHIWALA KWEK Leng Beng is so confident about the ongoing property bull market that he's considering retaining a portion in some new residential developments for rental income and capital appreciation. "We'll doFILE PHOTO - 836 words
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1360 2007-05-10 31 PROIECTNAME/ PROP CONTRACT TENURE BUILT-IN AAEA PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUtfT-INAHA PRICE ?SF PROIECT NAME/ PlttP CDNTHACT TENURE BUD-IN AREA PRICE PSf STMT NAME TYPE DATE fSQFT) (S>000) (St) STKEETNAMi TYPE DAJE 6QFT) (SSXDO SI) STgP1,360 words
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Page 29 Advertisements
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Advertisement111 2007-05-10 29 1100 Lower Delta Road Fully refurbished 4 storey industrial cum office building 5 mins drive to financial district expressways fl| Fully leased |H| Land area of 48,599 sf Gross floor area of 103,624 sf Lettable area of 86,000 sf Long term leaseback Prime Freehold Residential Redevelopment Site Near Newton MRT111 words
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Advertisement312 2007-05-10 29 r prime city centre location SpCCtf PH 1 high specification Ift 2 bedroom apartments J full property management 6t lettings service I available from 8% plus VAT *yJ| secure underground parking at £22,500 f average return of 45% p.a 250 year lease centrally located between proposed site of J I312 words
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Page 30 Advertisements
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Advertisement342 2007-05-10 30 PACIFIC c rjfi.r.k-*,-*. 'W;,* 1 .»ifrHPte»3»'-.-S»M irXE .«£s£i3BnsMSwlßl9nßHHil^^^HH^^^^^^^^^^^^^H "s**»* iv JK Sy v "'fe%/f| «i c v *'t^ u **:^]^^Mrawfii^^^^Bl'^'' y -•'■>■'•,>'-.?• ,^Sti^^Bß^^^HSf, gi^^^^CT™BHS -vv?.* f 'i^ti South Lake Villa COLLECTIVE SALE ■HHIHiH Robey Crescent I -Kovan Vicinity up to 5 storey Area *****sqft For a limited time only, Performance342 words
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Advertisement211 2007-05-10 31 Prime Residential Redevelopment Site at Dist 10 For Sale by Expression of Interest vngpon TZjZ City Towers at Bukit Tlmah Road ChintN Girlj' Pri Sfh Chine* Sch JES*/ Freehold area 9 i.3sq m j C CB C 104,53"! sq ft) MP 2003 "Residential" at Plot ratio 2.1 a sh#ratoß M211 words
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Advertisement14 2007-05-10 32 Wi#*" Br vft k v I Hyf" U bV* i. w II ES I14 words
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