The Business Times, 22 May 2007
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2007-05-22
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The Business Times
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Title Section20 2007-05-22 1 THE BUISNESS TIMES Tuesday, May 22,2007 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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750 2007-05-22 1 ARTHUR SIM - By ARTHUR SIM [SINGAPOREI The Urban Redevelopment Authority (URAj has called a halt to all conversion of offices in the central area to curb further depletion of existing stock. In a statement released yesterday, it said this move will take immediate effect750 words
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Article46 2007-05-22 1 ST! 3,***** (+2.09) ST INDEX FUTURES 3,515.00 (+2.00) SIMSCI 433.58 (+0.84) SIMSO FUTURES ***** (+2.60) PRIME RATES SINGAPORE..... 5J3 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 13.932 TAIWAN... 5.926 JAPAN 1.875 KOREA 9.33 BRITAIN... 5.50 US.. 8.25 CANADA 6.00 SWITZERLAND 4.19 INDIA 12.75 Source: Bloomberg46 words
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820 2007-05-22 1 DANIEL BUENAS - Revision follows expectations that growth will remain robust after Q1's 6.1% pace By DANIEL BUENAS [SINGAPORE] Singapore's economy has outperformed initial estimates to grow 6.1 per cent year-on-year in the first quarter of 2007, despite a slowdown in growth in manufacturing, traditionally one820 words
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Page 1 Advertisements
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Advertisement14 2007-05-22 1 SME SPOTLIGHT Success Resources: The secret of its success 15 Who's who in property14 words
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Advertisement10 2007-05-22 1 CORPORATE AWARDS Ingredients of good investor relations page 10 810 words
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Advertisement16 2007-05-22 1 COMPANIES Ib mH denies talk of VK9V offer by Indon group SrjA,, PAGE 2 Raymond Weil16 words
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Advertisement14 2007-05-22 1 PROPERTY Capita Land CEO on the HI skills of its top brass PAGE 3614 words
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TOP STORIES
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Article, Illustration661 2007-05-22 2 LAUREL TEO - Setdco Group says it's ready to offer US$1.6 billion for SingTel's 35% share By LAUREL TEO in Jakarta SINGAPORE Telecom has dismissed talk of a US$l.6 billion offer from an Indonesian investor for its 35 per cent stake in that country's biggest661 words
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479 2007-05-22 3 DANIEL BUENAS - By DANIEL BUENAS [SINGAPORE] After almost a decade in the doldrums, the construction sector put up its best showlhg in nine years to grow a sizzling 9.7 per cent in the first quarter of this year, according to figures released yesterday by the Ministry of479 words
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Article, Illustration774 2007-05-22 3 Beijing gets entry into private equity dub, Blackstone gains China access Reuters [NEW YORK/BEIJING] China's new state investment agency is taking a US$3 billion stake in US private equity firm The Blackstone Group, a sign of Beijing's eagerness to get a higher return onReuters; BLOOMBERG - 774 words
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470 2007-05-22 2 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur NEWS that Bumiputra Commerce Holdings (BCH) has hired international accounting firm PricewaterhouseCoopers (PwC) to look into the 2005 books of Southern Bank (SBB), which BCH bought last year, dragged the bank's shares down 2.5 per cent yesterday470 words
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379 2007-05-22 2 Bloomberg [BANGKOK] Thailand's government will "renegotiate" contracts of mobilephone providers Advanced Info Service pel, Total Access Communication pel and True Corp after lawmakers said their extended concessions breached rules. Thailand's Council of State, the government's legal advisory body, said the three mobile concessions wereBloomberg - 379 words
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Article547 2007-05-22 2 China takes US$3b stake in US firm Blackstone CHINA'S new state investment agency is taking a US$3 billion stake in US private equity firm the Blackstone Group, a sign of Beijing's eagerness to get a higher return on its hoard of currency reserves. China is taking a non-voting547 words
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Page 2 Advertisements
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Advertisement109 2007-05-22 2 PROPERTY SHOWCASE SEMINAR Saturday Sunday 27 th May 2007 \LJ 2.00-5.30™ Hie Hilton Singapore Hotel (581 Orchard Road) Learn from Australian property experts the best buys and investment strategy that makes you money Find out the financial options open to Singaporeans purchasing Australian property Free taxation advice from qualified independent109 words
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Advertisement11 2007-05-22 3 1 roi lite" Bwiaaaaaea The Control of Heat and Light www.roiiite.com11 words
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Advertisement8 2007-05-22 3 I I MoL^oDutti Liat Ngee Ann City www.mal^HHffi.com8 words
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COMPANY NEWS
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636 2007-05-22 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY THE reverse takeover of Sesdaq's Twinwood Engineering has attracted a fair bit of media and market attention. One reason is that the transformed company, named Hup Soon Global, now boasts blue-chip investment company Temasek Holdings as a shareholder,636 words
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315 2007-05-22 4 LIN ZHAOWEI - By LIN ZHAOWEI SINGAPORE-LISTED China Lifestyle Food Beverages Group, which specialises in the manufacturing and distribution of jelly desserts, candies and marshmallow products in China, yesterday announced a US$5 million joint venture with Kuala Lumpur Stock Exchange listed Cocoaland Industry Sdn Bhd, a315 words
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Article, Illustration599 2007-05-22 4 WEE LI-EN - Major shareholder calls for removal of 5 board members By WEE LI-EN A BOARDROOM tussle has broken out at directory publisher Yellow Pages with director and major shareholder Stanley Tan calling for an extraordinary general meeting (EGM) to remove the other high-powered board members. Mr599 words
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Page 4 Advertisements
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Advertisement423 2007-05-22 4 I THE MONETARY AUTHORITY OF SINGAPORE I TENOR APPROXIMATELY 10 YEARS I TOTAL AMOUNT OFFERED 5GD1,300,000,000 I MINIMUM DENOMINATION SGD 1,000 I MAS' INTENDED TENDER AMOUNT NIL I (NON-COMPETITIVE) I ISSUE CODE NYOIIOOF (Reopened) I ISIN CODE 5G********** I ISSUE DATE/SETTLEMENT DATE 1 JUNE 2007 I MATURITY DATE 1 SEPTEMBER423 words
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Advertisement31 2007-05-22 4 for a I -to-1 no obligation consultation or email to angelayeo@erc.com.sg Hfj UNIVERSITY IUIHRH cntn- fw <» SOI Hit QUEENSLAND cMctauxifc umttUMii 61 Robinson Road Level 17 Robinson Centre Singapore *****3 WWW.ACPE.EDU.SG31 words
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Advertisement206 2007-05-22 5 ORCHARD iSCOTTS RESIDENCES SINGAPORE I .4 I A A GREAT WAY TO LIVE A k Welcome to Orchard Scotts Residences, I where you'll experience the very best 1 jfT I f I services and facilities that only the world's It XMB ft 4 J top resorts can offer. A team206 words
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SINGAPORE MARKETS
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Article, Illustration530 2007-05-22 6 TEH HOOI LING - STOCKS Better-than-expected Q1 growth and US consumer confidence lift index by over 20 pts in early trading TEH HOOI LING Senior Correspondent NEWS of a higher-than-expected first quarter economic growth for Singapore and firmer consumer confidence in the US sent the Straits Times Index soaring bySource: Bloomberg - 530 words
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Article, Illustration927 2007-05-22 6 SECURITIES TRADING SCOREBOARD MAM SDQ TOTAL Up Own Undl Up Pomni Uwd» Up Down Uwd> Multi Ind 467 010 4 7 7 Manufacturing 82 81 59 11 17 21 93 98 80 Commerce 27 30 20 5 8 7 32 38 27 Tpt/Stor/Comms 20 12 12 0 2 1 20927 words
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Article, Illustration898 2007-05-22 6 UMA SHANKARI - Compiled by UMA SHANKARI Land Transport Sector ComfortDelGro May 21 dose: 552.20 SMRT Corp May 21 dose: Ssl.§4 CREDIT SUISSE. May 17 SHIFTING gears: The government's push to raise public transport ridership from 63 per cent to 70 per cent over the next 10 to 15 years shouldSource: Bloomberg - 898 words
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Article, Illustration551 2007-05-22 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent ASIA was again the big focus for currency trading yesterday. following a series of yuan-related measures announced by China after the Asian close last Friday. These, by several accounts, were aimed at ap- peasing US counterparts ahead ofSource:Reuters - 551 words
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COMPANY NEWS
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Article, Illustration524 2007-05-22 7 Sing Tel will operate a Globalstar station at its Seletar site Reuters,Bernama Reuters. [NEW YORK] Californiabased Globalstar Inc, a provider of mobile satellite voice and data services to the government and private sectors, has teamed up with Singapore Telecommunications Ltd (SingReuters,Bernama; Reuters. - 524 words
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319 2007-05-22 7 TETTYANA JASLI - By TETTYANA JASLI A WEEK removed from the announcement of its 100 per cent acquisition of Australian IT company Audion Innovision Pty Ltd, main-board-listed Ban Leong Technologies Limited has re-affirmed its growth strategies and expansion plans for the future. Early last week, Ban Leong,319 words
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488 2007-05-22 7 OH BOON PING - Credit Suisse issues 'outperform' on ComfortDelGro, 'neutral' on SMRT By OH BOON PING SINGAPORE'S public transport sector could post a jump of more than 20 per cent in revenue over the next four years, according to Credit Suisse. Its analysts also488 words
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473 2007-05-22 8 DONALD URQUHART - Second rig order comes even as yard gets mixed reviews for Q1 results By DONALD URQUHART COSCO Corporation, the Singapore-listed shipyard and bulk carrier unit of China's biggest shipping group, has announced its second offshore rig building contract, as analysts give the group mixed reviews473 words
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Article566 2007-05-22 8 DBS gets approval for China subsidiary DBS Bank announced yesterday that it has received final approval for local incorporation from the China Banking Regulatory Commission (CBRC). The new entity will be named DBS Bank (China) Ltd. As a local subsidiary. DBS Bank (China) will be able to offer566 words
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Page 7 Advertisements
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Advertisement91 2007-05-22 7 Our qualified professionals can assist you with offshore J-~ structures, shelf companies and incorporations in ALL jurisdictions inducing: British Virgin Islands Cabmen islands Bahamas Mauritius ■HHIHHIHHI Hongkong --rjenoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate j91 words
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Advertisement418 2007-05-22 7 Q&A Citi Private Bank Investing in Real Estate; More than Meets the Eye S~ and MfckHe East Q Is investing in real estate difficult? hedging requirements, expectations on returns and your A Real estate is not a single asset class. It is multi-faceted financing needs whether locally or cross-border. Also,418 words
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Advertisement151 2007-05-22 8 v V- DHL MAKES IMPORTING SIMPLE. jjfo t 1% J? K I §"0 T 4 rjaitujuy V A mm I Ibl k I t I >' v,- v. 4»sS+£-:*:•;♦• IBHsa IB ym DHL import Express is the simpler, faster way to import door-to-door from over Stand a chance in our151 words
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Advertisement926 2007-05-22 8 ST 1 I SingaporeX Bowling SIHCAPQM BOWUHO HPHATMWi NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Singapore Bowling Federation be held on Tuesday, 12th June 2007 at s:3opm at the SBF Conference Room, No. 6 Zone One, National Stadium, Kallang (South Entrance), Singapore *****8. NOTICE of any926 words
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Page 9 Advertisements
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Advertisement102 2007-05-22 9 Redefining Limited Edition n I i iN/i Ir\ I i\/irin Luxury Living Next to Orchard Road, Singapore's prime shopp|^^^ Fyrlu<;ivplv rpcprx/prl exclusively resen/ea for the privileged few One and only Sky Villa with your own private lap pool Two Premium Penthouses Exc |usi ve Auction (By Invitation Only) June2oo7,3pm go*102 words
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SINGAPORE CORPORATE AWARDS
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Article, Illustration796 2007-05-22 10 MICHELLE QUAH - Promoters hope to highlight what makes for good IR through the Best IR Award. MICHELLE QUAH reports MICHELLE QUAH GOOD investor relations (IR) should form the backbone of the corporate strategy adopted by all public companies. Yet not all companies, including those in Singapore, necessarily796 words
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Article1081 2007-05-22 10 MICHELLE QUAH - By MICHELLE QUAH IN this tech savvy day and age, one of the most useful communication devices a company can possess—to help it interact with and disseminate information to its investors —r is an Internet website. What, then, surprises is that about 10 per cent of companies1,081 words
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Page 10 Advertisements
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Advertisement102 2007-05-22 10 The SCA is organised by The Business Times in collaboration with ÜBS and supported by the Singapore Exchange. Other partners are ICPAS, Singapore Institute of Directors, Citigate Deweßogerson i.MAGE, NUS Business School, Hewitt Associates, and Egon Zehnder. Supporting partners are the Investment Management Association of Singapore and the Securities Investors102 words
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Page 11 Advertisements
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Advertisement128 2007-05-22 11 Canon I Delighting You Always I I I I I Where business can be simple. I Canon invites you to go to a place where only peace of mind exists our new showroom. I Get to take a guided tour to see how Canon business solutions can bring about cost-sayings128 words
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SINGAPORE NEWS
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242 2007-05-22 12 SINGAPORE'S domestic wholesale trade index rose 4.3 per cent year on year at current prices in the first quarter of 2007, figures from the Department of Statistics show. Excluding petroleum, the rise was 4.7 per cent. And at constant prices the index rose242 words
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Article, Illustration554 2007-05-22 12 RONNIE LIM - Its estimate, higher than govt's $100 m, is based on other host countries' track record By RONNIE LIM SINGAPORE'S Formula One race starting next year could generate tourism earnings of $150-200 million versus the government's $100 million estimate based on the track record ofFILE PHOTO - 554 words
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Article230 2007-05-22 12 IBN holds workshop for science teachers FOR two days starting yesterday, the Institute of Bioengineering and Nanotechnology (IBN) is holding its second workshop for science teachers to help them enrich their classroom and laboratory lessons. The workshop will showcase applications of nanobiotechnology, drug delivery and medical services through230 words
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285 2007-05-22 12 CHEN HUIFEN - By CHEN HUIFEN FRESH university graduates joining the civil service can enjoy a hike of between $230 and $620 in their starting pay, as their salaries are adjusted upwards to keep pace with the market. In a statement issued by the Public Service Division285 words
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537 2007-05-22 13 CHUANG PECK MING - YESTERDAY IN PARLIAMENT Gas Bill ensures access; M&As get closer scrutiny in Competition Bill By CHUANG PECK MING PARLIAMENT yesterday passed two Bills meant to pave the way for a more level playing field for businesses. The Gas (Amendment) Bill537 words
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Article257 2007-05-22 13 Reports of record prices misleading MEDIA reports of record prices for private residential properties have misled home buyers, National Development Minister Mah Bow Tan said yesterday. "While some of these high-priced transactions do take place, I am concerned that such reports may not paint the full picture," he257 words
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357 2007-05-22 13 BENITA AW YEONG - By BENITA AW YEONG THE Singapore Workforce Development Agency (WDA) is taking a firm stand against companies and training providers that misuse the Skills Development Fund (SDF). Commonly known as an employer-based scheme to encourage companies to upgrade the skills of their357 words
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237 2007-05-22 13 THE Singapore Institute of Directors (SID) hopes that directorship will come to be seen just as much a profession as law or accountancy, with its own accreditation framework. So to help get the ball rolling, SID has partnered the Singapore Management University (SMU)237 words
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Page 12 Advertisements
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Advertisement1689 2007-05-22 12 Cats Notices ORBS The Royal Bank of Scotland Head Office: 36 St Andrew Square, Edinburgh EH2 2YB The Royal Bank of Scotland Singapore Branch: 1 George Street #10-00 Singapore *****5 Tel: 65-6517-5600 Fax:6s-6225-9827 r Consolidated Income Statement for the year ended 31 December 2006 2006 2005 Cm Em Interest receivable1,689 words
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Advertisement105 2007-05-22 12 I EARN $10,000 within one month after completing Global Eduprenuer Program I I 100% License fee MONEY BACK GUARANTEE* I <Jolla E^ ne I to uide I 4 Wof Experience required make a big difference to your I GKMMmiOpportunityAocesstoover monthly Income lMffflMlMM I 3 Mfon customers EVERYONE CAN JOINI* WmWmiMM105 words
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Page 13 Advertisements
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Advertisement202 2007-05-22 13 SMI ■13 vLH■ K9 mmmm h r'v *'r f- £i:;: 1 "Excellence Is about discipline, working hard, and doing everything with a good heart and mind r IW o >• to realize the plans one has." Feng Shui grand master Yap Cheng Hai has been instructing students and clients in202 words
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SMEspotlight
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Article, Illustration1028 2007-05-22 14 LIN ZHAOWEI - SMALL CAPS MLM firm sees the Chinese market as most significant for its growth, writes LIN ZHAOWEI LIN ZHAOWEI Best World International, a company that has made its name through the direct selling of nutritional supplements, skincare products and healthcare equipment, had a good yearARTHUR LEE - 1,028 words
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Article313 2007-05-22 14 TEH HOOI LING - By TEH HOOI LING WITHOUT a doubt, the star of our portfolio in the past five trading sessions has been Ausgroup. The stock price of the company, which provides engineering construction. maintenance and industrial services to the oil and gas and mining sectors in Australasia, has313 words
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Article, Illustration1028 2007-05-22 15 CHARMIAN KOK - Even the best product and the best opportunity have to be driven by the people behind them, writes CHARMIAN KOK CHARMIAN KOK IN THE business of education, Success Resources CEO Richard Tan believes in helping companies and individuals become more competitive and profitableARTHUR LEE - 1,028 words
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Article, Illustration798 2007-05-22 15 BENITA AW YEONG - By BENITA AW YEONG ENERGETIC and brimming with passion for his business, it is no surprise to learn that John Lee owns and runs what was known previously as Club Momo, a wellknown local night spot in Central Mall which now goes by the nameARTHUR LEE - 798 words
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Article, Illustration437 2007-05-22 16 JANICE HENG - Survey also finds they want to grow and prefer local banks, JANICE HENG reports JANICE HENG SMALL retailers in Singapore are eager to grow, but borrowing levels remain modest, according to the first in a quarterly series of surveys by local business research agencyFILE PHOTO - 437 words
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Article2175 2007-05-22 16 UNIT TRUSTS FUNDS w»SHo»abE<iMaAu» IOSW r*m,»aw&m*W)_ »f* GIJWMI-W* uJJj g?«*j y»«**0AdM yCM *\om uRtfiSJ-* MmiLEaMM isstf ssjsrsrSii® gffay* JS g£sgB&f i sg ssssX*!* •*»n» tfisssgsv- II ABfUSlSSJSD am 115* "ura CUBHtfKMMMPA ttja*> 6ctSS£ToH% 1246****** ltoa+Of*ntPA- 1456H.532 (T b J!r 5r ,,,,,cs>,,, i u* sgsssag i«, gsisssgaAig. .oJig igsssag— m gs?ggr2,175 words
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Page 14 Advertisements
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Advertisement101 2007-05-22 14 An evolutionary retail Investment product will be unveiled at The Rabobank Investment Seminar Saturday, 26™ May, 930 am, Rock Auditorium, Suntec City Mall Level 3 The first of its kind in Singapore. An opportunity previously mainly available to private banking clients. To be among the first to leam about this101 words
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Advertisement236 2007-05-22 14 ■lIIIIIIIIIIIIIIIIIIIIRIIIIIIIIIIIIIIh Investment Portfolio Management Masterclass A step-by-step guide to Investment Wealth Management sth5 th 6 th June (TUe Wed) Understand the fundamentals of assets allocation and wealth management. This is an opportunity for you to be equipped with the latest trends and development in investment strategy for effective wealth management.236 words
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Page 15 Advertisements
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Advertisement408 2007-05-22 15 jointly presented i supported by: The Robotics Industry is Exploding! "By year 2010. the Robotics Market is forecast to BmWIB reach U5524.3 billion worldwide"-!nternational MzWKM Federation of Robotics ®This is an exciting time for those with CERTIFIED <**- PROFESSIONAL ROBOTICS TRAINER qualification "MUST HAVE" credentials to be the top earning408 words
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Advertisement28 2007-05-22 16 Allianz Global Investors 5 SCORE WITH THE STAR PLAYERS IN EMERGING MARKETS FRANKLIN TEMPLETON Call your Financial Advisor today or visit www.franklinlwmplelon.com.sg INVESTMENTS BIZ REGN NO. *****521 IE28 words
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ECONOMY WATCH
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399 2007-05-22 17 Reuters [TOKYOI Japan should manage its foreign reserves safely with an eye on securing liquidity and profitability, the nation's top government spokesman said yesterday, sticking to the government's official line on the matter. Chief Cabinet Secretary Yasuhisa Shiozaki declined to comment on China'sReuters - 399 words
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Article, Illustration578 2007-05-22 17 Investors may avoid risky assets after mortgage lending fallout, says report —Bloomberg, Reuters [PARIS] The US economic slowdown may be sustained as investors shy away from risky assets after the fallout in the subprime lending industry, the Organisation for Economic Cooperation and Development (OECD) said.—Bloomberg,; Reuters; BLOOMBERG - 578 words
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232 2007-05-22 17 Bloomberg [MACAU] New casinos have fuelled demand for workers, bringing Macau's jobless rate to almost a 10-year low in the first quarter. The unemployment rate for the three months ended March 31 was 3.2 per cent, compared with 4 per cent aBloomberg - 232 words
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Page 17 Advertisements
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Advertisement39 2007-05-22 17 Business opportunities with a licensed Insurance broking fkm providing financial advisory and general Insurance broking services In Singapore. We are seeking potential investors or equity partners to work with our client. Interested parties to contact Freddie Lee at freddle_a_broker@yahoo.com39 words
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Advertisement185 2007-05-22 17 ill» 4 l l in ITt II nIBI I!, Y i! lTnf?l iIIMBfW .ft •.Si fil A 1 n i ft itfl list) VII •Iti W [NJ AIRLINE INDUSTRY iB /l ACHIEVEMENT awards ATW Airline of tht Yur^ anam B| Flight No City Pep Arr Flight No City Pep Arr185 words
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MALAYSIA/INDONESIA
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172 2007-05-22 18 —Bloomberg [KUALA LUMPUR] Nexnews Bhd. the publisher of Malaysia's Edge business weekly, will start selling a new financial daily today, vying with another newcomer this month to tap gt market that the New Stratts Times Press (Malaysia) Bftd abandoned five years ago, the move—Bloomberg - 172 words
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Article, Illustration545 2007-05-22 18 PAULINE NG - Move seen to widen budget deficit from 3.4% of GDP to slightly under 4% By PAULINE NG in Kuala Lumpur MALAYSIA yesterday agreed to a pay hike of up to 35 per cent for its one mil-lion-odd civil servants from JulyREUTERS - 545 words
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360 2007-05-22 18 AFP [JAKARTA] Indonesia plans to reopen a corruption investigation into the youngest son of former dictator Suharto, the attorney general's office said yesterday. Tommy Suharto has so far escaped trial over allegations that he corruptly amassed millions of dbllars during the three decades thatAFP - 360 words
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Page 18 Advertisements
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Advertisement74 2007-05-22 18 HHHH Enjoy BBQ Peking Ehick through ingenious ways of cooking white meat that brings out its exquisite taste. Date: Ito 31 May Whole bird for $40 Lunch and Dinner daily Diners Club Card r.*4i<j64i***** Diners Club Viet Lang fHr Annex Building #01-03 (Old Parllment House). Tel: 6337 3379 off a74 words
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Advertisement20 2007-05-22 18 Answer fc-fs i rccMOS GARDPN THE LEGENDS,**. FOMT CANNING PARK orm^ 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.lagandafortcannlng.eom20 words
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Advertisement39 2007-05-22 18 Via Mar Restaurant ana wine Bar jIV/V hi Esplanade Mall #01-10/12. Tel: 6423 0900 off a la carte food items only OR Complimentary bottle of house pour wine Only when you charge to your Diners Club Card. T&C Apply.39 words
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Advertisement29 2007-05-22 19 gV^IH^/ f /iM Sfe^^il^J«MgW*M^B^B^^^^M x H l ,-v>.. iOH w^WHi *jHHT I I ■■■■riMiiiiMK^KHHS^S >t^ (HOL M i\-' ''"W^Wf^SsßS^m^SKm^^Bt ■Mfr. tfk.. mSM f t it, -IVmfljlfi^^ Ibt IL" :"^i^MBHHi29 words
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GREATER CHINA
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Article, Illustration306 2007-05-22 20 —Reuters [BEUING] China's Formula One Grand Prix track chief has been fired for using company money to pay for a house and "other illegal behaviour", state media reported yesterday. Yu Zhifei, general manager of the Shanghai International Circuit, had been—Reuters - 306 words
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635 2007-05-22 20 Investors shrug off interest rate hike and tightening of bank credit Bloomberg, AP [SHANGHAI] Billionaire Lee Shau-kee, chairman of Henderson Land Development Co, said Chinese shares trading on mainland markets are at an "unreasonable" premium to those in Hong Kong, threateningBloomberg,; AP - 635 words
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263 2007-05-22 20 —Reuters [BEIJING] China is launching a global search for top managers for some of its state firms as part of a drive to bring in more international expertise. The State-owned Assets Supervision and Administration Commission (Sasac) said yesterday it was looking for nine—Reuters - 263 words
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Article2363 2007-05-22 20 VOL May 21 mi wABM Realty 2.30 -0.06 15 AbrfcBhd 0.30 -0.01 64 Advance Synergy 0 31 -0X12 610 AdventaBhd 124 0.01 667 Ac Multi Hldgs 0J4 0.02 M Affin Holdings 231 0.01 2171 Ahmad ZaklResou 2 JO unch II Ale Corp 057 431 58 Airaua Bhd 1.942,363 words
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Advertisement1016 2007-05-22 20 Cats Notices fu) Bangkok Bank Public Company Limited (INCORPORATED IN THAILAND) Consolidated Balance Sheet As at December 31,2006 Aaseta 2006 BAHt Caah 33,114,861,889 thank nil himj markrt Mr— Domestic items Interest bearing 6488,872,936 Non-interest bearing 9,034,939,467 Foreign iteqis Interest bearing 134,559,898,801 Non-interest bearing 5.378.490,623 Total interbank and mooey market Hon,1,016 words
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INDIA
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246 2007-05-22 21 —Xinhua [MUMBAI] Indian Tata AutoComp Systems (Taco) and French auto parts maker Valeo are believed to be in preliminary stages of discussions to acquire a stake in New York Stock Exchange (NYSE)-listed ailing automotive supplier Visteon Corporation, news website businessstandard.com reported yesterday. The—Xinhua - 246 words
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335 2007-05-22 21 But deal faces challenge from minority shareholders —Reuters [MUMBAI] India's Sun Pharmaceutical Industries said it had agreed to buy Israel's Taro Pharmaceutical Industries for an equity value of US$23O million, 27 per cent higher than its Friday's close. The announcement drove Sun—Reuters - 335 words
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Article, Illustration545 2007-05-22 21 Shoppers shun small retailers for mega stores —AFP [NEW DELHI] Brightly-lit and splashed in day-glo colours, new supermarkets sprout each month in India's capital in a sign of rapid economic change that appears to be leading shoppers to shun small, traditional and family-run shops.—AFP; AFP - 545 words
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Advertisement21 2007-05-22 21 $88jBB9 K—um trorp wm —neon —WWIIIM PA—tout mondays thursdays ■§~■>lll 9 scotts road pacific plaza DNVTyiNDI 03-06/07 Singapore *****0 Maty.Ntafcsovff.fcrtOai ©holography21 words
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Advertisement11 2007-05-22 21 in the Asia Euromomy FX Ml *9 2007 ■I M I11 words
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MIDDLE-EAST
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421 2007-05-22 22 With expectations set low, some traders say it is a good beginning Reuters [DUßAl] IntercontinentalExchange's (ICE) new Dubai sour crude oil futures contract saw modest trade in its debut yesterday the first salvo in ICE's battle with the New York Mercantile Exchange (Nymex) forReuters - 421 words
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311 2007-05-22 22 Bloomberg [DUBAI] Tatweer, a unit of government-owned Dubai Holdings, said it would provide one third of a proposed US$54 billion investment in Bawadi, a strip of more than 50 themed hotels in the desert. The company is still considering how to raise theBloomberg - 311 words
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Advertisement80 2007-05-22 22 kiH^^HKw 1^1^; I!M^D^^B^MvJRK3H MB "•>' > S- t v **S®, '>• fO' <*■ book pet for the SingaporeArte 2QD7 mogazine, priced at $5, published incoojuocHon with 30th anniversary of COMPLIMENTARY copy of lb® magazine only on <U fKtta4 opening from May 2$ to 27 at The Arts House |6W faXwnenl80 words
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ASIA-PACIFIC/WORLD
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Article576 2007-05-22 23 Japan wants more financial institutions to open Asia HQ in capital Bloomberg. Reuters Reuters [TOKYO] Yuji Yamamoto, Minister for Japan's Financial Services Agency, said the country plans to replicate London's Canary Wharf in an effort to get more financial institutions to set up their AsiaBloomberg. Reuters; Reuters - 576 words
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Article, Illustration384 2007-05-22 23 Reuters [LONDON] Formula One's governing body and manufacturers are discussing major technical changes from 2011 to try to make the sport cheaper, greener and more relevant to ordinary road users. A spokesman for the International Automobile Federation (FIA) said on Friday that a discussionReuters; REUTERS - 384 words
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293 2007-05-22 23 —Bloomberg [NEW YORK] Rupert Murdoch's News Corp may be preparing to walk away from a US$5 billion bid for Dow Jones Co after trying, without success, to win support from the controlling Bancroft family, Pali Research analysts said. News Corp "is increasingly—Bloomberg - 293 words
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WORLD WATCH
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77 2007-05-22 23 Bernama [BANGKOK] Thailand's military-installed Cabinet remains shaky with another resignation yesterday as rumours continued on a possible coup. Prime Minister Surayud Chulanont confirmed that PM's Office Minister Prasit Kowilaikul tendered his resignation during their meeting yesterday morning. Mr Surayud told the media that MrBernama - 77 words
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79 2007-05-22 23 —NYT [NEW YORK] The wireless phone company Alltel agreed on Sunday night to be sold to a consortium of private equity firms for U5527.5 billion, marking the largest buyout ever in the telecommunications industry. The consortium includes the Texas Pacific Group and the private equity—NYT - 79 words
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75 2007-05-22 23 —Reuters [FRANKFURT] Scandal-battered Siemens has turned to an outsider in its search for a new chief executive, naming a top US healthcare industry executive as its new leader on Sunday. Peter Loescher, 49, the head of global human health at Merck since April—Reuters - 75 words
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Page 23 Advertisements
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Advertisement2205 2007-05-22 23 Cats Notices I HypoVereinsbank/ »»*<"* 1 I OuniCredft Group I I Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 I Singapore Branch: 30 Cecil Street #25-01 Prudential ToWer, Singapore *****2 Tel: 6413 3688 ■1.. 1 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND2,205 words
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AVIATION
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Article, Illustration498 2007-05-22 24 Thurs meeting also to outline airline's strategy in view of new LCCs' entry AFP [SYDNEY] Australian airline Qantas will this week meet with key institutional investors to try to quell shareholder discontent and restore market confidence after a failed takeover bid, reports said yesterday.AFP; AFP FILE PHOTO - 498 words
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230 2007-05-22 24 Reuters [KUWAIT] Planned new airline Kuwait National Airways said it is in talks with aircraft makers Airbus and Boeing about its fleet requirements but is yet to make a decision. "We are in continued dialogue with all manufacturers but no decision hasReuters - 230 words
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Article, Illustration430 2007-05-22 24 Reuters [BERLIN] German Chancellor Angela Merkel and French President Nicolas Sarkozy have not agreed on any definite measures regarding planemaker Airbus's parent firm EADS, the German government said yesterday. Government spokesman Thomas Steg told reporters at a regular news conference thatReuters; AP - 430 words
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Article2357 2007-05-22 24 QTT 1MB IT* nan ITP kUBH LH9771 1750 AF8088 2230 SQ268 1750 BA73S2 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 ***** 2345 aafai.' isS «.,&s as SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KLB37 1555 SQ324 2345 Athaw 5Q347 0555 Atlanta2,357 words
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118 2007-05-22 24 Xinhua [ABU DHABI] The Dubai-based Emirates Airline, the second largest and most profitable Arab carrier, will soon become the world's largest operator of the Boeing 777 aircraft, local newspaper Khaleej Times reported yesterday. "We have on average one 777 aircraft coming off theXinhua - 118 words
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Page 24 Advertisements
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Advertisement126 2007-05-22 24 BT/ZUJI Deals of the Week r-i&gpsSßEs 1. > mgyp m ißiyins^^^^H ■>■■-■ ■■■■>■' BUSINESS CLASS (from S) ECONOMY CLASS (from J) HOTEL (from Shanghai $1,500 $430 $54 j Thai Airways Thai Airways I DESfWnOHS BUSHBSCmSS(tow» ECONOMY QASS from S) HOTEL (fcawS) H^fflEß Ho Chi Minh $538 (Vietnam Airfnes) $200 (Vietnam126 words
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Page 24 Miscellaneous
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Miscellaneous198 2007-05-22 24 CRYPTIC CROSSWORD 12 Go arm-in-arm at 21 Pass position by railway for pit L_J___L_J i_J. LJ 22 Move quickly on or off (6) P' H M H fIT 24 Steer over most of one county ~'■■p^■B shortly (4) DOWN 1 P lace (3.2,7) Across: 1 Sight-reader, 7 Swarm, -> rf198 words
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SHIPPING
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Article, Illustration722 2007-05-22 25 More mills turning to Brazil for iron ore due to lack of nearby suppliers Reuters [HONG KONG] China's booming steel industry should help keep freight rates near record highs as mills turn increasingly to Brazil for iron ore because of aReuters; FILE PHOTO - 722 words
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265 2007-05-22 25 Reuters [SINGAPORE] New ship construction orders at Japanese yards dropped more than 40 per cent in April versus the previous month; signalling capacity constraints following a wave of orders seen in recent months, industry sources said. In April, a total of 1.082Reuters - 265 words
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127 2007-05-22 25 AFP [SEOUL] South Korea's Daewoo Shipbuilding and Marine Engineering said yesterday that it had won orders worth a total US$l.O5 billion to build 12 container ships for German clients. The new contracts were to build eight vessels for Germany's NV four 8,400-TEU (twenty-footAFP - 127 words
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Page 25 Advertisements
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Advertisement213 2007-05-22 25 *fl V V, 4'• .v „v. V s£*/V SEA N p ag| I m Hosted by Persada Johor International Convention Centre Supports! by j C!!L» T d J r B d w U 'd Mal d ySia i3 J *jj rrr I Lb I >v NK- t -J>r^L> \\Mfc 1213 words
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EDITORIAL & OPINION
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456 2007-05-22 26 EDITORIAL WHEN it comes to tackling emissions of greenhouse gases, political, corporate and scientific opinions are now converging, which is a good sign. But it is also important to be realistic about future energy supplies. A clean environment is seen as being synonymous456 words
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Article, Illustration976 2007-05-22 26 His departure comes as the bank gears up to raise US$28b during the next three years to build schools, clinics and roads in the world's poorest countries Bloomberg LOST in the brouhaha over Paul Wolfowitz's tenure at the World Bank is what it meansBloomberg; AFP - 976 words
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791 2007-05-22 26 NICHOLAS D KRISTOF - THE BOTTOM LINE By NICHOLAS D KRISTOF NYT AS Paul Wolfowitz is to the World Bank, the US is becoming to the world. We should look at the battle unfolding at the World Bank not as the story of one man falling to earth, butNYT - 791 words
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Article, Illustration1332 2007-05-22 27 ARIANA EUNJUNG - Trade talks in Washington take place after US imposes steep import tariffs and files lawsuits in WTO against China By ARIANA EUNJUNG The Washington Post ON the eve of high-level economic talks in Washington, Chinese leaders are increasingly bitter about what they see— The Washington Post; AFP - 1,332 words
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163 2007-05-22 27 Kung Kuo Woo Geoffrey - Kung Kuo Woo Geoffrey 1 REFER to the letter "City Spring has exceeded projections in prospectus" by Fai Au Yeung, CEO, City Spring Infrastructure Management Pte Ltd (BT. May 17). As a City Spring unitholder, I was shocked to read the CEO of163 words
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637 2007-05-22 27 Leong Sze Hian - LETTERS TO THE EDITOR Leong Sze Hian I REFER to the letter from City Spring's CEO, "City Spring has exceeded projections in prospectus" (BT, May 17), in response to the article "Is there value in City Spring forecasts?" (BT, May 16), and637 words
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Article431 2007-05-22 27 Ng Kwong Chong - Ng Kwong Chong I REFER to the letter "City Spring has exceeded projections in prospectus" by Fai Au Yeung CEO. City Spring Infrastructure Management Pte Ltd (BT, May 17). The fundamental question to ask is whether, since the IPO of City Spring. the trustee-manager, based on431 words
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Article11272 2007-05-22 28 SGX MAINBOARD Transaction date: May 21 S2-M Tel Last Vol Oay Last Quote Dtv GrYW Nat MCap High Low Coda Company Salt *1- COOP) High Low leyer Seller Off M tarn 3.5 2 5714 1st Software J susp H 15 6 3148 BTelecom 13.5 <TS 1330 14 13.511,272 words
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Page 28 Advertisements
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Advertisement167 2007-05-22 28 Not been making the most of the marketsf Then it's time to trade .•> CFDs with City Index Asia. 4 V: Trade multiple mark®t« from Trade long or short on litre market one account prices Manage your risk with stop town and Trmda stocks, fiffs and indioas from other order167 words
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Article5791 2007-05-22 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Mi tool chit III SS Hi USS %dy *yr dy %yr dy *yr Miy It Index Change Change Change Change Change Change World index Preliminary 1181.1 0.5 73 OJ 75 0-5 8.1 EAfE Preliminary 1186.9 05 7.2 04 7J6 05 (L2 Europe Preliminary5,791 words
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Page 29 Advertisements
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Advertisement177 2007-05-22 29 IE) YOU'RE THE BOSS HBVljfll' V With control over your global market trades in FX, FX Options, CFDs, Futures and pjpjgy Equities, our award-winning multi-product trading platform gives you: %v r GET A FREE US$lOO,OOO Real-time pricing, rapid execution Comprehensive chart toolkit ffr DEMO ACCOUNT NOW. and valuation of your177 words
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Page 30 Advertisements
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Advertisement1878 2007-05-22 30 UK CONTIMEMT SERVICE U.S.A SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOC/SAV Loads Singapore, E./W. Malaysia, Indonesia loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.EA. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for1,878 words
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Advertisement448 2007-05-22 30 vXn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VtSSfl VOT MMP HBGWT SI LK MAO SAV Ml 0«f TOURCOMG AL7O4 4001 MS 6JM 22/05 OMT 23/06 30/06 02/07 TAKONGA A 1716 3201 MS 6.25 M 79/05 21/06 30/0* 05/07 09/07 07/07 ttJKSC Af 717 SMm 6.4 M 07/0* 02/07 11/07 15/07 20/07448 words
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THE BUISNESS TIMES SHIPPING TIMES
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5061 2007-05-22 31 w ETA HA ArfmrtiMT VmmI Voyafi Titaphom SIN D«st'n Nmh Nam* Number Numbw OMMMMNMHmMMCMMMMHHMMMMMMNMMMBaiMnM To ADELAIDE (ADL) 2007 Australia 03/06 22/06 China Shpg ANLWARRMGA OIKS 653*898 03/06 22/06 PTDtakarta AN IWARRINOA 00SS *****202 10/06 29/06 China Shpg API TOPAZ 1455 *****898 10/06 29/06 PTDjakarta5,061 words
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Advertisement572 2007-05-22 31 WAN HAI INTERNATIONAL FTC LTD a Nft 14MS9»000/R W\WAN HAI LINES JiA Ifnil fciißfct# FUTB: (03) 3346MU MX: (03)*****2*1 FBI 18. (04) *****00 FAX: (04)*****99 Y JOH IB: (07) *****23 MX: (07)*****21 SUiTB: (031) *****75 MX: (031) *****14/*****05 WWW wankfli COM sa KTTB: (021) ***** M MX: (021) ***** M572 words
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Advertisement985 2007-05-22 31 Ivissil VOY 1 PKI I StN I KHI I PXi lAI PMM BIK KHO IRAN BAABAEI PCUI99 27/05 28/05 04/06 09/06 10/06 16/06 16/06 20/06 IRAN SATTARI PCLB2OO 07/06 06/06 15/06 16/06 19/06 25/06 27/06 29/06 MAONAVIA PCU2OI 1 07/06 06/06 SKIP 15/06 16/06 22/06 24/06 26/06 IVISStL VOY $>N985 words
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Advertisement548 2007-05-22 31 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rem m sm rmm count) «snm Impute on aw wmi IAJfmMHI am MUM xm ttJI Utm OIOW 05 Ml OtJIM WJIW 13JW 17JIW ALSO ACOPIM6 to TO CM* IUTKMBN t MA (VIA COUMMI AW UMU (MA548 words
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PROPERTY
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637 2007-05-22 33 Japan, Germany and China among hot favourites after US home market's collapse —Bloomberg [SINGAPORE/NEW YORK] Investors seeking the cheapest property stocks are buying in Japan, Germany and China after a two-year tumble in shares of US homebuilders. Japanese land prices are rising for the—Bloomberg - 637 words
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Article, Illustration354 2007-05-22 34 KALPANA RASHIWALA - Price is $1,070 ppr, inclusive of a development charge of $10m By KALPANA RASHIWALA GILSTEAD View has been sold for $96.5 million, which works out to about $1,070 psf of potential gross floor area, inclusive of an estimated $10 million development charge (DC). Jones354 words
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234 2007-05-22 34 PROPERTY and construction group KSH Holdings said yesterday it has clinched three contracts with a combined value of $63.9 million, bringing the total value of contracts it has secured this year to $281 million. With the three fresh contracts, the group's order234 words
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378 2007-05-22 35 ARTHUR SIM - Wide spectrum of new launches doing well; lifestyle features catch on By ARTHUR SIM PROPERTY developers continue to report healthy sales figures here with a wide spectrum of new property launches doing well. At the top end, Chyau Fwu Development's Parkview Eclat on Grange Road378 words
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Article, Illustration277 2007-05-22 36 SOILBUILD will sell a "sky villa" and two penthouses in its freehold 44-unit Leonie Pare View through an auction by Christie's and Colliers International, the developer said yesterday. "We expect the sky villa and penthouses to appeal to both foreign and local277 words
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Article, Illustration1023 2007-05-22 36 KALPANA RASHIWALA - CapitaLand CEO sees that as the group's strength. KALPANA RASHIWALA reports KALPANA RASHIWALA THE old thinking may be that for property developers, it helps if you have property blood running through your veins, but Capita Land Group president and CEO Liew Mun Leong says the group hasARTHUR LEE - 1,023 words
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Page 33 Advertisements
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Advertisement264 2007-05-22 33 Prime Residential Redevelopment Site at Dist 09 For Sale by Expression of Interest Rivershire at Leonie Hill Scotts Square o rchard Freehold w w£T k d 9 L Land area 5,239.2 sq m (56,394 sq ft) NgeeAnn MP 2003 "Residential" at Plot ratio 2.8 -T3 Road City |5f MRT Height264 words
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Advertisement4108 2007-05-22 33 EMERALD ASSETS LIMITED (Company Registration No. 20M*****M) (Incorporated In the Bopuhlif of Singapore) Notice to holders of the €144,000,000 (approximately equal to *****,000,000 after conversion) in principal amount of Class AAA Secured Floating Rate Notes Due 2011 (the "Portfolio 1 Series 1 Notes") issued pursuant to the 551,000,000,000 Multicurrency Secured4,108 words
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Page 34 Advertisements
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Advertisement333 2007-05-22 34 LARGE PRIME RESIDENTIAL DEVELOPMENT SITE THE GRANGEFORD FOR SALE BY EXPRESSION OF INTEREST Site area 130,982 sqft 99 years leasehold Prominent corner location Plot Ratio 2.8+ HJHHIUIj 200 m from Orchard Road •Upto 36 storeys HBbbihsJm Ideal for iconic residential Unobstructed view of development Orchard Road •High DC Baseline Tel;333 words
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Advertisement353 2007-05-22 34 \itThMHNMu««MM site Area 123,955 sq. ft Bt Batok Nature Parfc •,r« M ha MO i nn or Shoppm9ar plot Ratio 1.4 up to 5 storeys chu Tenure Freehold —y h i Close to Prestigious Schools Jalan Jurong Kechil ~i, sa\ v s and ert,ary lnst,tutions I cmidtonMsch FoodQr 9 Serene353 words
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Advertisement647 2007-05-22 35 FOR SALE BY TENDER hmh* To« Payoh Residential Redevelopment 6 Site at Balestier Road, to. 10 Hang Tat Garden Land area 2 /341.2 sm (25,200.4 sq ft) nn K«j«h *S/„ Freehold A J Master Plan 2003 JF PR 2.8, up to 36 storeys itler a AW Within 2 km to647 words
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Advertisement84 2007-05-22 36 ■MBin Tong sA Victoria Park ™ng KOH Bungalows Pri Large Dist. 10 site for up to 36-sty condominium |semi-detached 838,488 sf land, 99-year LH, GPR 2.8 Z Pan I i*-? Houses Surrounded by landed, 5-sty 12-sty devts Bun9alows 360° unobstructed panoramic views Within 300 m from Farrer MRT Station Ford84 words
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