The Business Times, 11 May 2010
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2010-05-11
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The Business Times
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Title Section24 2010-05-11 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, May 11, 201024 words
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Article, Illustration85 2010-05-11 1 IT was a moment to remember for many corporate leaders last night at the Singapore Corporate Awards. Among those in the limelight were representatives of companies that won the Best Managed Board awards. They were, from left, Rolando Gapud, chairman of Del Monte Pacific; Lee Boon Yang, chairmanARTHUR LEE - 85 words
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794 2010-05-11 1 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] Much has been said about the number of directorships one should hold. But what about the number of board committees each director should take up? Possibly close to one quarter of Singapore-listed companies have the same set of directors794 words
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750 2010-05-11 1 Ambitious measures include ‘nuclear option’ of buying govt bonds to ensure liquidity AP [BRUSSELS] The European Union (EU) put up a staggering US$1 trillion yesterday to contain its spreading government debt crisis and keep the euro currency from imploding. Analysts said the hugeAP - 750 words
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Article141 2010-05-11 1 ST INDEX 2,880.48 (+59.37) ST INDEX FUTURES 2,871 (+56) SIMSCI 342.31 (+8.68) SIMSCI FUTURES 341.40 (+9.50) FOREX US$ S$ US$ (S$ per US$) 1.377 (US$/S$ per 1.491 2.052 EURO (US$/S$/E) 1.304 1.795 Foreign currency per US$ S$ YEN 93.30 67.80 RM 3.196 2.321 HK$ 7.779 5.651 BAHT 32.27141 words
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Page 1 Advertisements
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Advertisement106 2010-05-11 1 COMPANIES OUE to be Lippo’s S’pore flagship PAGE 2 EMERGING ENTERPRISE Ice-cream chain Udders’ ambitious plan PAGE 14 SME INC Making their mark in the global fashion world PAGE 12 PROPERTY Hang Lung eyes returns from China offices, not homes PAGE 32 THE HOURGLASS Contemporary Horological Art SINGAPORE TAKASHIMAYA S.C.106 words
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TOP STORIES
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493 2010-05-11 2 LYNETTE KHOO - Internalise values and purpose behind the rules, especially in risk management SINGAPORE CORPORATE AWARDS Reports by LYNETTE KHOO [SINGAPORE] Corporate governance is not just about complying with rules or reporting requirements. Rather, it is about internalising the values, spirit and purpose behind493 words
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Article, Illustration539 2010-05-11 2 EMILYN YAP - By EMILYN YAP [SINGAPORE] Indonesia’s Lippo Group has laid out growth plans for Overseas Union Enterprise (OUE) now that it is in sole control of the property group. Lippo president Stephen Riady, who also became OUE’s executive chairman recently, said OUE will be Lippo’s539 words
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Article, Illustration615 2010-05-11 2 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] One is a diversified conglomerate with businesses in various vertical sectors, while the other is a telco offering a mix of mobile, broadband and pay-TV services. Despite stark differences in their businesses, Keppel Corporation and Singapore Telecommunications haveARTHUR LEE - 615 words
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Article498 2010-05-11 2 EU launches US$1 trillion shock and awe rescue THE European Union yesterday put up a staggering US$1 trillion to contain its spreading government debt crisis and keep the euro currency from imploding. Analysts said the huge sum supplied the “shock and awe” that markets had been waiting for,498 words
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589 2010-05-11 4 ANNA TEO - Most economists seem confident the region will prove to be resilient again EUROPEAN DEBT CRISIS By ANNA TEO [SINGAPORE] The jury is still out on the broader economic impact of the European debt crisis, though most analysts see little risk of Asia being589 words
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Article, Illustration534 2010-05-11 4 CHEW XIANG - By CHEW XIANG XINHUA [SINGAPORE] Asian markets and currencies surged yesterday as investors began shifting money out from safe havens following the announcement of a 750 billion euro (S$1.3 trillion) rescue package for debt-rid-den European countries. The Nikkei 225 was up 1.6 per centXINHUA - 534 words
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Article444 2010-05-11 4 ANTHONY ROWLEY - By ANTHONY ROWLEY THE Bank of Japan (BOJ) yesterday agreed to join in a concerted and unlimited emergency dollar-swap exercise launched at the weekend by the world’s leading central banks as a means to ward off a global credit crunch. Interbank lending rates444 words
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652 2010-05-11 4 NYT [WASHINGTON] After months of quietly watching from the sidelines, the United States finally intervened in the European debt crisis on Sunday night. The Federal Reserve announced that it would open currency swap lines with the European Central Bank in essence, printingNYT - 652 words
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489 2010-05-11 4 AP [BRUSSELS] Alarmed by the risk to the euro, the European Central Bank (ECB) exercised what analysts called its “nuclear option” early yesterday, announcing it would intervene in bond markets as part of the wider effort to protect the eurozone. The central bankAP - 489 words
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495 2010-05-11 4 AP [BERLIN] Voters in Germany’s most populous state dealt Chancellor Angela Merkel a painful setback on Sunday, erasing her government’s majority in the upper house of parliament and curbing its power after criticism over the Greek debt crisis. Ms Merkel’s centre-right allianceAP - 495 words
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Page 2 Advertisements
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Advertisement180 2010-05-11 2 The Unparalleled ICT Event In Asia Is Back With More m iiiiiiiiiiiiii 11 llllimlnwnDnisemZOWi 15 '1« m«F Intr > SINGAPORE EXPO 18 JUNE 2010 10:30am 4pm EVENT HIGHLIGHTS: Exhibition Source from over 1,350 exhibitors for your business' new alternative vendors under one roof Witness over 235 product launches from exhibitors180 words
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Advertisement89 2010-05-11 2 7 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Rest assured. Now you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses Feather Down Pillows/Quilts fag Bedding Accessories more! #0189 words
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Advertisement10 2010-05-11 2 $190m boost for OUE; plan for stock split, Page 610 words
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Advertisement112 2010-05-11 3 We were there when our grandparents used to hide their life savings underthe bed. We were there when our parents kept their passbooks locked up in a drawer. We were there when most people did their banking in banking halls. These days, most people do their banking online. We were112 words
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COMPANY NEWS
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Article, Illustration552 2010-05-11 5 KALPANA RASHIWALA - Completion of the mixed development expected in phases from 2014 By KALPANA RASHIWALA CAPITALAND continues to expand its Raffles City footprint in China. It yesterday announced plans for building a mixed development under this franchise in the southern Chinese city of552 words
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862 2010-05-11 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY FOR more than a year, Wall Street has benefited from the riskless trade that is the “Bernanke Put” (BP). That’s the term used to describe the Federal Reserve chairman’s explicit guarantee that if need be, the862 words
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Article, Illustration527 2010-05-11 6 VINCENT WEE - Q1 net profit grows 18.8% to $158.8m; utilities business also improves By VINCENT WEE SEMBCORP posted an 18.8 per cent rise in first quarter net profit to $158.8 million on a 12.1 per cent increase in turnover to $2.41 billion as strong results fromFILE PHOTO - 527 words
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516 2010-05-11 6 ARTHUR SIM - Rise due to higher gross profit margins and exchange gains By ARTHUR SIM FJ Benjamin (FJB) has reported a net profit of $3 million for the third quarter ended March 31. The turnaround from a third-quar-ter net loss of516 words
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352 2010-05-11 6 CHAN YUPING - By CHAN YUPING THE technology sector is poised for a turnaround, thanks to a convergence of positive factors. But to benefit from it, investors must first shake off the fears they have been harbouring since the dotcom bust a decade ago, a fund352 words
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457 2010-05-11 6 EMILYN YAP - By EMILYN YAP OVERSEAS Union Enterprise (OUE) yesterday posted sharply improved results for the first quarter, and proposed a one-into-five stock split to boost trading in its shares. Net profit for the quarter ended March 31 was $184.6 million more than 14457 words
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COMPANY BRIEFS
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64 2010-05-11 6 FORELAND Fabrictech warned that it will report a “significantly lower net profit for Q1 2010 than that of Q1 2009”. It said that the demand in textile industry in Q1 2010 remained weak. The sluggish demand for higher grade textile products which command a64 words
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58 2010-05-11 6 INFINIO Group has entered into a placement agreement to place up to 150 million new Infinio shares at 2 cents each to raise $2.96 million in net proceeds. The issue price represents a discount of 20 per cent to the weighted58 words
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65 2010-05-11 6 SWISSCO International posted a 46 per cent drop in first quarter net profit to $2.93 million, dragged by poorer sales. Revenue for the quarter fell 12.7 per cent to $12.2 million. The vessel chartering business posted weaker sales due to poorer utilisation, while65 words
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375 2010-05-11 9 JAMIE LEE - Firmer sales boost figures; revenue for quarter rises 27% to $216m By JAMIE LEE CEREBOS Pacific posted an 82 per cent jump in sec-ond-quarter net profit on firmer sales. The company which makes the tonic Brand’s Essence of Chicken said net profit375 words
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390 2010-05-11 9 JAMIE LEE - By JAMIE LEE THAKRAL Corporation’s first-quarter net profit more than doubled, lifted by stronger sales and a one-off gain from a property disposal. Net profit for the three months ended March 31 stood at $2 million, up from $792,000 posted in the390 words
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273 2010-05-11 9 EMILYN YAP - By EMILYN YAP CHIP Eng Seng Corp has partnered an Australian developer to purchase a piece of land in Perth for A$20 million (S$24.9 million). The 50:50 joint venture with Cranecorp plans to turn the 1.02 hectare site at Scarborough273 words
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350 2010-05-11 9 NISHA RAMCHANDANI - Volume over period of 12 months passes five million mark By NISHA RAMCHANDANI TIGER Airways Holdings saw a healthy set of operating figures for April the first month of its current fiscal year as passenger numbers rose 45 per cent year on350 words
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Advertisement354 2010-05-11 5 HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCEL SENGKANG E3 AND SEMBAWANG SI a On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of land parcels at Sengkang East Avenue/Buangkok Drive and Sembawang Road/Canberra Drive on a354 words
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Advertisement143 2010-05-11 5 N v\ J 1:1 #-.W .1 »*> I#v ■G222M r« >/ft 1 4 f 4* A WM *> ganing Serviced Offices Cost effective office and IT solutions Best address, best receptionist, best support Flexible lease terms starting at just one month All for less than the cost of a secretary143 words
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Advertisement1049 2010-05-11 6 ICNA CNA GROUP LTD. (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0449K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Amara Singapore, Connection 1, Level 3, 1 65 Tanjong Pagar Road, Singapore *****9 on 251,049 words
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Advertisement213 2010-05-11 6 At a glance Q1 results ended March 2010 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 Semb Corp Ind 158.82 133.64 18.8 2,406.27 2,146.73 12.1 2 China Aviation Oil 18.04 5.76 213.2 1,381.33 918.50 50.4 3 Changtian 11.36 2.34 385.8 46.98 15.67 199.8 4 CSE213 words
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Advertisement93 2010-05-11 7 With over 100 years of putting you first, you're always covered. Established in 1908, Great Eastern has a strong legacy of always acting in the best interest of our customers. Recognised as the "Most Admired Financial Institution", we will forge ahead with greater dedication to make life great for our93 words
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SINGAPORE MARKETS
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Article, Illustration611 2010-05-11 8 R SIVANITHY - ST Index reverses week-long fall with increase of 59 points or 2.1% STOCKS R SIVANITHY Senior Correspondent AFTER dropping 153 points in a five-day sell-off last week, the Straits Times Index (STI) yesterday managed a 59.37-point or 2.1 per cent bounce to 2,880.48 on hopesSource: Bloomberg - 611 words
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Article186 2010-05-11 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 15 1 2 0 0 0 15 1 2 Manufacturing 111 20 54 5 3 17 116 23 71 Commerce 35 7 21 7 0 2 42 7 23 Tpt/Stor/Comms 35 2 5186 words
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Article123 2010-05-11 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,747 26,747 110,577 110,577 Manufacturing 422,295 33,664 455,959 306,120 1,574 307,694 Commerce 106,111 6,892 113,003 156,637 1,503 158,140 Tpt/Stor/Comms 164,221 1,205 165,426 327,812 145 327,957 Finance 41,691 50 41,741 394,950 4 394,954 Construction 54,089 10,293123 words
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Article114 2010-05-11 8 Stock name Close Change CapMallsAsia 2.030 +0.060 CapitaLand 3.700 +0.070 CapitaMall 1.890 -0.010 CityDev 10.600 +0.140 ComfortDelGro 1.490 +0.040 DBS Grp 14.640 +0.280 F&N 4.710 +0.060 Genting SP 0.960 +0.015 Golden Agri 0.550 +0.015 HK Land 5.040 +0.040 JMH 35.680 +0.300 JSH 20.100 +0.100 Jardine C&C114 words
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Article65 2010-05-11 8 May 10 VALUE CLOSE BT OB/OS -1378.0 +219.0 BT CADI -*****.0 +327.0 BT 10-day MA -*****.00-138.00 FTSE ST Mid Cap 694.20 +15.56 FTSE ST Small Cap 551.82 +15.83 FTSE ST All Share 711.05 +15.21 FTSE ST China Top 282.90 +9.27 FTSE ST China 299.98 +4.95 FTSE ST65 words
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Article58 2010-05-11 8 VOLUME Golden Agri 161,884,000 Genting SP 99,016,000 Cosco Corp 50,411,000 Yangzijiang 38,593,000 Sunningdale 31,752,000 SaizenREIT 28,064,000 GMG Global 28,047,000 SingTel 27,021,000 Z-Obee Hldgs 25,939,000 CapitaLand 25,295,000 VALUE($) DBS Grp 126,903,875 UOB 124,103,080 Genting SP 94,385,095 CapitaLand 93,261,800 Golden Agri 88,963,240 OCBC Bk 81,025,520 SingTel 80,390,110 Cosco Corp58 words
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BROKERS’ TAKE
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Article, Illustration416 2010-05-11 8 May 10 close: $19.42 Phillip Securities Research, May 10 UOB reported a set of strong Q1 results, buoyed by the sale of UOB Life Assurance. Excluding this one-time gain, revenue still grew 14.3 per cent from the previous quarter. Geographically diversified loans had helped it to achieveSource: Bloomberg - 416 words
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Article443 2010-05-11 8 CONRAD TAN - May 10 close: $4.22 DBS Group Research, May 10 Compiled by CONRAD TAN SEMBCORP Marine’s Q1 2010 revenue of $1.4 billion was flat y-o-y, slightly below expectations due to lumpy revenue recognition. Ebit margins expanded as expected to 11.7 per cent (up 1.8 percentage points y-o-y), mainly due443 words
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Article, Illustration412 2010-05-11 8 CURRENCIES Reuters [NEW YORK] The euro rose broadly yesterday, rebounding from last week’s 14-month low against the dollar after policymakers announced a US$1 trillion emergency package to stabilise the currency and euro zone central banks began buying local government debt. The aid package, hammeredReuters; AP - 412 words
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Article118 2010-05-11 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 458.2 3.0 DBXT DJE50 10US$ 3545 239.4 5.2 DBXT FTChina25 10US$ 2879 133.5 3.5 DBXT MSINDO 10us$ 1170 93.6 6.2 DBXT MSEurope 10US$ 3927 92.2 1.7 UOB.ES.1005 1978 86.0 4.5 Lyxor Europe 10 US$ 1141 83.9 5.6 Jardine C&C 2948 80.0118 words
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Article120 2010-05-11 8 BY CENTS CLOSE DOWN DBXTiBoxxEu5US$ ***** -1212 -4 DBXT S&P Short 10US$ 5120-178.9 -2.5 CMProp 1000-118.9 -40.2 GLD 10US$ ***** -66.1 -0.4 Lyxor Nasdaq100 10US 778 -39.9 -3.6 Lyxor EmergingMkts 1 951 -20.6 -1.6 Asia Pac Brew 1400 -20.0 -1.4 KepCorp DBeCW*****7 16 -16.5 -50.8 MCL Land 199 -14.0120 words
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Article87 2010-05-11 8 Where S$ stands May 10 CHNG YR 2010 CLOSE FR May 7 S$ LOW S$ HIGH US$ 1.3787 1.49 1.4219 1.3680 Euro 1.7947 -0.66 2.0153 1.7794 Pounds 2.0674 -1.84 2.2831 2.0293 A$ 1.2470 -0.39 1.2960 1.2276 Yen* 1.4796 2.65 1.5927 1.4467 Rupiah* 0.***** 0.22 0.***** 0.***** Baht* 4.2724 1.2787 words
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Advertisement381 2010-05-11 9 JBJt jiipiw !T#Tt <- sar. T e are your smarter choice with preferred rates of return r ENJOY POTENT AL RETURNS OF UP TO A 1 1 i PA Enjoy enhanced potential returns with DBS Currency Linked Investment (CLI) A short-term dual currency investment, it allows you to potentially earn381 words
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SINGAPORE NEWS
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Article, Illustration415 2010-05-11 10 UMA SHANKARI - URA focus group suggests ways to tackle quality of life and ageing issues By UMA SHANKARI A GOVERNMENT-initiated focus group tasked with looking at quality of life and ageing issues ahead of Concept Plan 2011 thinks that Singapore should strive to become a more distinctiveFILE PHOTO - 415 words
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Article, Illustration274 2010-05-11 10 ABIGAIL KOR - Centre to tackle water production, environmental issues By ABIGAIL KOR NANYANG Technological University (NTU) and Australia’s University of New South Wales (UNSW) yesterday jointly launched the Advanced Environmental Biotechnology Centre (ABEC). Set up to study micro-or-ganisms for water and environmental technologies, ABEC274 words
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Article, Illustration298 2010-05-11 10 THE Human Capital Leadership Institute (HCLI) was officially launched yesterday to help meet growing demand from global companies for talent strategies tailored for an Asian context. Announced by Prime Minister Lee Hsien Loong last September, HCLI is a partnership between Singapore Management University (SMU) and the298 words
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174 2010-05-11 10 Bloomberg [LONDON] JPMorgan Chase Co will start its first precious metals vault in Asia in the third quarter to tap increasing demand for storage. The facility, in a tax-efficient zone in Singapore, will “accommodate the trading of physically settled futures contracts onBloomberg - 174 words
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226 2010-05-11 10 AGILENT Technologies announced yesterday that it will be hosting two major life sciences forums in Singapore this week: the Agilent Asia Pacific Human Genetics User Summit 2010 and the 2nd Singapore Proteomics Forum. The former will be held at Capella Hotel226 words
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SINGAPORE ROUNDUP
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76 2010-05-11 10 THE Strata Titles Board (STB) yesterday approved the collective sale of Dragon Mansion at 18 Spottiswoode Park Road to RL Developments, a wholly-owned subsidiary of Roxy-Pacific Holdings. The 41,874 sq ft freehold site is being sold for $100.8 million. The deal was brokered by76 words
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82 2010-05-11 10 THE HDB yesterday awarded the tender for a 99-year private housing site at Tampines Road to Fragrance Properties for $16.25 million or $405 per square foot per plot ratio. The company was the highest of 16 bidders who took part in a tender for82 words
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Advertisement1951 2010-05-11 10 MATS NOTICES BUY IT-SELL IT-FIND IT ztex 3E3a3E«aeffiWPE^^ ASA GROUP HOLDINGS LTD. ASA GROUP HOLDINGS LTD (Incorporated in Singapore) (Company Reg. No. *****8258M) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Level 2, Meeting Room 206, Suntec1,951 words
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Page 11 Advertisements
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Advertisement361 2010-05-11 11 a a A ML I jft Official Opening of CWT Commodity I Mr Lee Yi Shyan Minister of State for Trade Industry and Manpower 11 May 2010 7 .i mm j Celebrating 40 Years of Success in Logistics 40 years. That's how far we have come. From humble beginnings to361 words
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SME Inc
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Article, Illustration1247 2010-05-11 12 JASLENE PANG - Local designers are looking to export their products and their main target is Asia, the future top destination for the fashion and retail industry, reports JASLENE PANG JASLENE PANG SINGAPORE’S small and medium enterprises (SMEs) in the fashion industry are all geared up to1,247 words
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Article, Illustration855 2010-05-11 12 EILEEN TAY - Event organiser ready to expand in India, Japan, Europe By EILEEN TAY HAVING survived the recent global financial crisis, homegrown Orient Explorer which already has an overseas presence in 8 markets, is now ready to embark on a second wave of expansion intoYEN MENG JIIN - 855 words
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903 2010-05-11 13 LUKE LIM - It builds a company’s IP, increases customer satisfaction, lowers training costs, and boosts employee loyalty and staff morale By LUKE LIM The writer is CEO of AS Louken Iburnmarkinnotangiand B NTERNAL branding is often relegated to the back burner compared with product development, marketing communications,903 words
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406 2010-05-11 13 TEH HOOI LING - By TEH HOOI LING STOCKS globally found their footing after European policy makers unveiled a US$960 billion loan plan to end the region’s sovereign-debt crisis. Still, the rebound has yet to recover all the losses suffered by the markets in the last couple406 words
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Article, Illustration1094 2010-05-11 14 OLIVIA HO - Starting with an outlet in 2007, home-grown ice-cream chain Udders now has three with two more set to open soon, reports OLIVIA HO OLIVIA HO WHEN it came to his new F&B venture, David Yim was torn between two c h o i cesARTHUR LEE - 1,094 words
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Article, Illustration658 2010-05-11 14 ABIGAIL KOR - Founders of Soyato have big plans for healthy new product By ABIGAIL KOR A PAIR of enterprising fi-nal-year university students have plans to take the local F&B scene by storm. Alan Phua, a business management student at Singapore Management University (SMU), andARTHUR LEE - 658 words
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Article, Illustration416 2010-05-11 14 OLIVIA HO - By OLIVIA HO SMALL business owners in the commerce and services sectors have higher hiring expectations for their industries than for their own companies according to the latest SBF-DP SME Index, an optimism index for local SMEs released quarterly by the Singapore Business Foundation (SBF)Source: DP Information - 416 words
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1204 2010-05-11 15 THIS WEEK’S TOPIC Prime Minister Lee Hsien Loong said at the recent May Day Rally that the one percentage-point increase in employers’ CPF contributions will be implemented in two phases half in September and half in March 2011. What are your views1,204 words
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Advertisement70 2010-05-11 12 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT70 words
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Advertisement60 2010-05-11 13 A JOINT EFFORT is worth more than the sum of INDIVIDUAL SKILLS. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. 1 Clariden w Leu SWISS PRIVATE BANKING SINCE 1755 Clariden Leu Singapore Branch I 80 Raffles Place #27-01 I UOB60 words
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Advertisement70 2010-05-11 14 This is the 12th of a series of features on the 15 finalists of the Emerging Enterprise 2010 Awards. Jointly presented by The Business Times and OCBC Bank, the EE 2010 recognises small and young enterprises with annual sales of up to $10 million. It is supported by RSM Chio70 words
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Advertisement116 2010-05-11 15 Voices Next week’s topic: The deepening Greek debt crisis has prompted the European Union to put together a 750 billion euro rescue package. Do you think this is enough to stop the euro plunging and the crisis putting a brake on the recovering world economy? Do you think the fallout116 words
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Advertisement309 2010-05-11 15 Canon Delighting You Always i You have the power to create the greatest change possible. J J A 4 Elim Chew President/ Founder 77th Street V* 1 w X U 'A "Canon's advanced technologies deliver business tools and solutions to make us globally competitive. By unleashing the power that is309 words
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ECONOMY WATCH
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Article, Illustration643 2010-05-11 16 Xstrata halts copper exploration; BHP warns expansion plans could be hit Reuters [SYDNEY] Several global mining giants scaled back or warned over their Australian investment plans yesterday as the backlash against the government’s “super profits” tax intensified. Coal giant Xstrata suspended copper exploration in Australia,Reuters; REUTERS - 643 words
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234 2010-05-11 16 AFP [FRANKFURT] Germany’s trade surplus leapt higher in March, official data showed yesterday as the euro’s fall in value against other major currencies helped exports rack up solid gains. The trade surplus for Europe’s biggest economy jumped to 17.2 billion euros (S$30.8 billion) fromAFP - 234 words
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473 2010-05-11 16 Survey also shows confidence easing further as rates rise Reuters [SYDNEY] Australian business conditions softened in April while confidence eased from historically high levels as rising interest rates began to eat into sales and profits, a survey showed yesterday. National Australia Bank’s (NAB) monthlyReuters - 473 words
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Article, Illustration502 2010-05-11 16 Reuters AFP [BERLIN] German Finance Minister Wolfgang Schaeuble was admitted to hospital on Sunday after an apparent bad reaction to new medicine, missing a European Union meeting and raising questions about his capacity to steer Europe’s largest economy. German Chancellor Angela Merkel said yesterdayReuters; AFP; AP - 502 words
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Advertisement512 2010-05-11 16 u O o o I III] JII JI rfii 11 [11 W-MI III HI i Til rf; rill! 9 O 1 I |JS)<al 10 Reasons why you should register today 1. Social Media Find out how this new platform has captured the youth and how to use this to your512 words
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MALAYSIA/INDONESIA
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Article, Illustration487 2010-05-11 17 Record low interest rates lift consumer spending, exports, investment recover Bloomberg [JAKARTA] Indonesia’s economy grew at the fastest pace in more than a year last quarter as record-low interest rates boosted consumer spending and exports and investment recovered. Gross domestic product increased 5.7 perBloomberg; REUTERS - 487 words
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424 2010-05-11 17 PAULINE NG - By PAULINE NG A SHORTAGE of skilled labour is hindering expansion and hampering Malaysia’s efforts to move up the value chain, says the Malaysian American Electronics Industry (MAEI). As demand picked up significantly in the second half of last year, export sales424 words
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491 2010-05-11 17 Bloomberg [KUALA LUMPUR] Malaysia may cut subsidies slowly to prevent triggering record inflation as it prepares to revamp a system that has hampered efforts to reduce the budget deficit, Standard Chartered Plc and Citigroup Inc say. A taskforce is exploring ways to revampBloomberg - 491 words
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Advertisement188 2010-05-11 17 i li xt 88 i A risk tamed is a reward captured. ;s MICHAEL PLATT CEO and Founder, BlueCrest Capital Management Limited 35 Jf r, V-.' m V For Michael Piatt, nothing reduces the threat of risk like CME Group. As CEO and founder of London's fast-growing BlueCrest Capital Management,188 words
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GREATER CHINA/INDIA
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Article, Illustration567 2010-05-11 18 Imports grew faster than exports due to stimulus-driven domestic demand Bloomberg [BEIJING] China’s trade surplus shrank 87 per cent in April from a year earlier as imports grew faster than exports because of stimu-lus-driven domestic demand. The surplus of US$1.68 billion, reported by theBloomberg; AFP - 567 words
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Article, Illustration379 2010-05-11 18 DPP says safeguard missing from deal govt plans to sign Reuters [TAIPEI] Taiwan’s opposition party would seek a trade deal with Beijing under international rules if it returns to power, seeking safeguards for the island that it sees as missing from a controversialReuters - 379 words
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277 2010-05-11 18 AFP [NEW DELHI] Suspended Indian Premier League (IPL) boss Lalit Modi yesterday sought more time to answer corruption charges that have sparked a government investigation into the cricket tournament, sources said. Mr Modi was due to respond to the allegations by theAFP - 277 words
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245 2010-05-11 18 Reuters [HANGZHOU] China’s Taobao and Yahoo! Japan said yesterday they will cooperate and launch two online platforms to cross sell into each others’ markets, a move that will boost the reach of Asia’s two e-com-merce giants. Taobao, owned by China’s largest e-commerce companyReuters - 245 words
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Advertisement80 2010-05-11 18 ENTERPRISE Celebrating Singapore's Enterprising s P' rit 2Q1 Q Reach For Submit Your Entry For The E50 Awards Now If you are a home-grown, privately-owned business with three years of audited statements, and have achieved strong business performance, submit your entry for the 2010 Enterprise 50 Awards now. I ENTERPRISE80 words
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ASIA-PACIFIC/WORLD
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543 2010-05-11 19 No further large scale corporate revamp planned, say officials Reuters [ABU DHABI] UAE officials offered assurances that talks on a US$24.8 billion Dubai debt deal were going well and that no more major corporate restructurings were expected after Dubai, helping to send financialReuters - 543 words
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357 2010-05-11 19 Bloomberg [LONDON] The Red Knights supporter group planning a bid for Manchester United says it won’t offer above “fair value” for the 18-time English soccer champion. The group is continuing talks with wealthy potential backers in an effort to present a proposal toBloomberg - 357 words
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Article, Illustration588 2010-05-11 20 Labour to hold talks with Lib Dems, who are alrerady talking to Tories Reuters [LONDON] British Prime Minister Gordon Brown announced yesterday he intended to stand down as Labour leader and his party would hold formal talks on a possible power-shar-ing deal withReuters; AP, AFP - 588 words
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337 2010-05-11 20 It discloses several UK investigations related to CDOs Reuters Bloomberg [NEW YORK] Goldman Sachs Group, facing fraud charges from US securities regulators, yesterday warned that more litigation and investigations could be coming. Goldman, in a quarterly regulatory filing, disclosed a number of probesReuters; Bloomberg - 337 words
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293 2010-05-11 20 Reuters [LONDON] The Bank of England (BOE) made no change to interest rates or its asset purchases programme yesterday, eager not to shock markets still reeling from Britain’s inconclusive election and the eurozone’s sovereign debt crisis. The decision to leave rates at a recordReuters - 293 words
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213 2010-05-11 20 AFP [BANGKOK] Thai anti-gov-ernment protesters say they accept PM Abhisit Vejjajiva’s proposal to hold elections in November but will not end their protest unless the DPM surrenders to police over a deadly crackdown last month. Deputy Prime Minister Suthep Thaungsuban was in charge ofAFP - 213 words
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Page 19 Advertisements
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Advertisement924 2010-05-11 19 TO ii PT BERLIAN LAJU TANKER Tbk m Domiciled in Jakarta ("The Company") ANNOUNCEMENT OFTHE RESOLUTION OFTHE ANNUAL GENERAL MEETING OF SHAREHOLDERS AND EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS We hereby announce that the Annual General Meeting of Shareholders of the Company which was held on 7 May 2010, at The924 words
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Advertisement248 2010-05-11 19 //WAGES WILL CONVfcJ ylLfllE in The Straits Times 3 special edition tomorrow! Vie^ eCi GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. D iscover a better way to USA with ANA V P C>v SAN FRANCISCdp-x CHICAGO248 words
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Page 20 Advertisements
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Advertisement2324 2010-05-11 20 BUY IT SELL IT FIND IT MATS I r" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES W WESTECH ELECTRONICS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0445D) (the "Company") NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will2,324 words
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WORLD
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Article, Illustration298 2010-05-11 21 AFP [WASHINGTON] President Barack Obama has chosen US Solicitor-General Elena Kagan as the next US Supreme Court justice, NBC TV reported late Sunday. If confirmed by the White House and later by the US Senate, Ms Kagan will replace Justice John Paul Stevens,AFP; AP - 298 words
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455 2010-05-11 21 She was famous for reviling the bigotry of white audiences AP [NEW YORK] Lena Horne, the enchanting jazz singer and actress who reviled the bigotry that allowed her to entertain white audiences but not socialise with them, slowing her rise to BroadwayAP - 455 words
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Article554 2010-05-11 21 Emergency meeting to discuss need for levers to halt sudden plunges Reuters [NEW YORK] The heads of leading US stock market operators have been called to Washington for an emergency meeting yesterday, days after a spine-chilling plunge in stock prices continued to perplex US regulators. TheReuters - 554 words
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Page 21 Advertisements
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Advertisement125 2010-05-11 21 ENERGY EFFICIENT INDUSTRIES It is not just a vision, it is in your hands. Energy efficiency is fast becoming a currency for the global competitiveness of companies as it enhances long-term business competitiveness and improves bottomlines. As such, the National Environment Agency (NEA), Energy Market Authority (EMA) and Economic Development125 words
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EDITORIAL & OPINION
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511 2010-05-11 22 EDITORIAL MALAYSIAN central bank Governor Zeti Akhtar Aziz has indicated that Bank Negara (BNM) would revise its 2010 economic growth forecast upwards. It must be hoped that better growth will not derail Kuala Lumpur’s plans for structural economic reform. Exports surged 36 per cent511 words
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Article, Illustration831 2010-05-11 22 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg GREEKS wondering how to get out of this nightmare could do worse than look to South Korea. One ofBloomberg - 831 words
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Article, Illustration1106 2010-05-11 22 LEON HADAR - Obama could press for an energy bill and its cap-and-trade provisions more strongly now LEON HADAR Washington Correspondent FIVE years ago when Hurricane Katrina hit New Orleans, then president George W Bush was criticised for waiting much too long to act. TheREUTERS - 1,106 words
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Article, Illustration1187 2010-05-11 23 ROOPA KUDVA - Their trade and investment flows have increased but the full potential of their cooperation is yet to be unlocked By ROOPA KUDVA The writer is managing director and region head, South Asia, Standard Poor’s CLOSE economic cooperation between India and Asean can prove toREUTERS - 1,187 words
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1198 2010-05-11 23 CHARLES HOTZIER - By CHARLES HOTZIER AP IN FRONT of a roomful of government officials, businessman Zhou Jusheng took the mic and made a simple demand: finish paving and landscaping the industrial park that houses his drill-bit factory. His request at a public hearing wasAP - 1,198 words
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591 2010-05-11 23 Ng Lay San - LETTER TO THE EDITOR Ng Lay San Vice-President Group Corporate Relations Sembcorp Industries Ltd WE REFER to the commentary “Sembcorp’s Cascal woes are of its own making” (BT, May 10, 2010), written by Wong Wei Kong. We would like to register our strong objection591 words
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AVIATION
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388 2010-05-11 24 The jet is 16% more fuel efficient, has 51 more seats than its predecessor 747-400 Bernama [KUALA LUMPUR] Boeing has started to assemble the first 747-8 Intercontinental passenger jet at its factory in Everett, Washington. Late last week, mechanics took the first step in majorBernama - 388 words
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442 2010-05-11 24 AFP [KARACHI] Pakistani police were interrogating yesterday a man arrested at Karachi airport trying to board a plane for the Middle East with batteries and an electrical circuit hidden in his shoes. The 30-year-old civil engineer was detained late on Sunday when aAFP - 442 words
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Article, Illustration444 2010-05-11 24 Reuters [HAMBURG] Lufthansa is set to become one of the world’s first airlines to mix biofuel with traditional kerosene on commercial flights as carriers seek ways to cut soaring fuel costs, its chief executive said. The German flag carrier will start running itsReuters; AFP - 444 words
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219 2010-05-11 24 AFP [SYDNEY] A Qantas passenger jet made a rare diversion to help a sea rescue mission yesterday after pilots were asked to circle a life-raft drifting off southern Australia, officials said. The Australian Maritime Safety Authority said it requested Qantas’s help afterAFP - 219 words
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Article2825 2010-05-11 24 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:2,825 words
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Page 24 Miscellaneous
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Miscellaneous321 2010-05-11 24 CRYPTIC CROSSWORD Across 9 Weak start to fashionable bar (5) 10 Remove water from the yard, worried in case of disease (9) 11 Jack comes back, and people struggle to get on (3,4) 12 Relief especially found during ceremony (7) 13 Additional source of security for customs (5) 14 He321 words
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Page 25 Advertisements
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Advertisement34 2010-05-11 25 Shipping lines seeking reliable FI*TkH M4 •hi mi i W M Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES34 words
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SHIPPING
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3607 2010-05-11 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.3,607 words
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Article, Illustration537 2010-05-11 26 Fears of economic, environmental disaster grow as bid to cover well fails [ROBERT, Louisiana] BP plc was considering its next move yesterday after its most promising short-term remedy for a massive undersea oil spill in the Gulf of Mexico struck a snagAFP - 537 words
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303 2010-05-11 26 Move comes as it posts 135b won first quarter loss Bloomberg [SEOUL] Hanjin Shipping Co, South Korea’s largest container shipping line, plans to sell 49 per cent of a terminal operator at the nation’s busiest port to boost finances after posting a first-quarter loss.Bloomberg - 303 words
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379 2010-05-11 26 Bloomberg [CAPE TOWN] Workers at South Africa’s state-owned transport company Transnet Ltd started an indefinite pay strike yesterday, potentially hindering shipments of iron ore, ferrochrome, fruit and the coal that fires many European power plants. The South African Transport and Allied Workers Union (Satawu)Bloomberg - 379 words
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Article278 2010-05-11 26 SGX '000 May 10 S$ +/-Vol CH Offshore 0.65 0.01 1603 CHuan Hup Hldg 0.29 0.01 78 Cosco Corp 1.61 0.06 ***** CWT Ltd 0.94 0.04 2040 Ezra Hldgs 2.03 0.10 9237 First Ship Lea 0.51 0.01 1615 Freight Links 0.06 unch 172 Grand Banks unch unch 0278 words
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Page 26 Advertisements
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Advertisement114 2010-05-11 26 ASIA WEST AFRICA TRADE AGREEMENT (AWATA) NOTICE OF *****ST HALF RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement have decided to implement114 words
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SINGAPORE STOCKS
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Article8896 2010-05-11 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5.5 3148 8Telecom 16.5cd unch 100 16.5 16.5 16.5 17 1.7 11 5.3 79 10 5.5 5834 A-Sonic 7 +0.5 858,896 words
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Article1679 2010-05-11 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6.5 6.5 7.5 36.1 6.3 25 12 8538 t APStrategic 18.5 17.5 18.5 109.8 4 0.51,679 words
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Article9335 2010-05-11 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.2/ APS Alpha Fund (USD)!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.6369/ Asian Credit Fund 1.2465/ Asian9,335 words
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Article684 2010-05-11 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 111 109 111 506.7 883 589 CIMBAsean40 100US$ US828 854 859 33.1 306 214 DBS STI ETF684 words
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Article254 2010-05-11 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A44 43 48 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19.5 unch 473 19.5 19.5 19.5 20254 words
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FINANCE & COMMODITIES
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365 2010-05-11 29 In local curr In S$ In US$ dy yr dy yr dy yr May 7 Index Change Change Change Change Change Change World Index Preliminary 809.9 -1.8 -2.7 -1.8 -6.0 -1.9 -5.5 EAFE Preliminary 737.2 -2.9 -6.1 -3.0 -12.4 -3.1 -12.0 Europe Preliminary 1029.5 -3.3365 words
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Article181 2010-05-11 29 May 10 May $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.45 0.35 1 month 0.55 0.35 2 months 0.58 0.38 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.05 0.85181 words
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Article22 2010-05-11 29 May 10 S$ Bid Offer 1-month 1.3761 1.3773 2-months 1.3761 1.3773 3-months 1.3761 1.3773 6-months 1.3760 1.3773 Source: OCBC22 words
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Article133 2010-05-11 29 May 10 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2310 1.2680 Can dollar 1.3300 1.3460 Euro 1.7750 1.7950 NZ dollar 0.9850 1.0070 Sterling pound 2.0460 2.0700 US dollar 1.3780 1.3940 Local dollars to 100 units of133 words
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Article27 2010-05-11 29 May 10 Open High Sett STI May 2871 SIMSCI May 332.1 342.6 341.4 Taiwan May 267.1 271.9 271.4 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-05-11 29 May 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2560 2575 2581 2560 1364 1726 Jun 10 2534 2550 2555 2525 2111 8318 Jul 10 2523 2529 2541 2507 7887 ***** Aug 10 2517 252366 words
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Article374 2010-05-11 29 May 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5150 0 2149 Sep10 99.3700 0 1567 Dec10 99.1700 0 1485 Mar11 98.9050 0 3604 EUROYEN TIBOR FUTURES Jun10 99.6200 187 5243 Sep10 99.6450 99.6450 99.6450 99.6500 299 2800 Dec10 99.6400 99.6400 99.6400 99.6550 600 1861374 words
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Article152 2010-05-11 29 May 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 350.0 345.0 350.0 26 Jul 10 326.0 325.0 326.0 20 Aug 10 300.0 Sep 10 287.0 Oct 10 285.0 285.0 285.6 20 Nov 10 289.0 Dec 10152 words
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Article90 2010-05-11 29 May 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 12.08.2010 0.30 0.30 0.26 1-Year BY*****W 03.05.2011 0.38 0.37 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.07 104.11 104.08 5-Year N*****0N 1.37590 words
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Article105 2010-05-11 29 May 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 951.25 945.50 955.50 940.00 Jul 10 960.00 954.00 964.50 948.50 Aug 10 956.25 950.25 960.50 944.50 Sep 10 941.75 935.00 946.00 929.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.13 37.84 38.10105 words
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Article77 2010-05-11 29 CRUDE OIL PRODUCTS May 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.11 -2.17 WTI (Near Mth) 75.16 -1.20 Dubai (1-Mth F) 79.70 -2.10 Tapis blend 85.15 -2.25 Minas 83.50 -2.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.88 -1.78 Jet Kerosene 90.40 -3.05 US$/barrel Opec Oil77 words
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2330 2010-05-11 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 unch 687 1 15 5.29 48 4085 ASJ Hldgs W*****1 4 1 4 7 1.88 21 2036 Advance SCT Ltd W*****9 0.5 1 87 28172,330 words
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Article466 2010-05-11 29 May 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.929 6.190 0.695 7.055 40.686 82.265 0.846 10.266 2.898 1.244 76.334 40.763 1.248 6.751 0.994 28.570 29.260 0.608 0.907 Canada 1.077 6.666466 words
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Article85 2010-05-11 29 May 10 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-05-11 29 May 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2476 1.2492 0.9066 0.9071 Canadian dollar 1.3437 1.3450 0.9765 0.9767 Euro 1.7940 1.7960 1.3037 1.3042 NZ dollar 1.0025 1.0046 0.7285 0.7295 Sterling pound 2.0514 2.0534 1.4907 1.4911154 words
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Article141 2010-05-11 29 May 10 GOLD (US$/oz) May 10 May 07 Hong Kong 1191.90 1197.50 May 06 May 07 London 1184.85 1194.55 1185.85 1195.55 Source: Thomson Reuters CAST BAR May 10 (S$) Selling Buying Kilobar 57,211.83 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 53 5gm 363.8 267 10gm 649.49141 words
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Article71 2010-05-11 29 May 7 May 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2041.00 2071.75 3 months 2072.50 2103.00 Copper, Grade A (US$/tonne) Cash 6911.25 6911.75 3 months 6945.00 6948.00 Lead (US$/tonne) Cash 2019.00 1969.75 3 months 2050.00 2001.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article77 2010-05-11 29 May 7 COCOA (£/tonne) Close Prev High/Low May 10 2329 2404 2410/2329 Jul 10 2349 2426 2430/2346 Sep 10 2308 2389 2393/2306 Dec 10 2271 2348 2345/2268 COFFEE (US$/tonne) Close Pev High/Low May 10 1331 1313 1324/1310 Jul 10 1371 1352 1371/1342 Sep 10 1405 1386 1407/1376 SUGAR (US77 words
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PROPERTY
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Article, Illustration501 2010-05-11 30 Growing percentage from Q4 poses threat to housing recovery: Zillow Reuters [NEW YORK] A growing percentage of US homeowners were saddled with “underwater mortgages” in the first quarter, accounting for almost one in four homes in a trend that poses a seriousReuters; BLOOMBERG - 501 words
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752 2010-05-11 30 Reuters [NEW YORK] It took nearly three months to find the perfect hue of slate blue for the bathroom towels at the InterContinental New York Times Square hotel. The hotel’s general manager, Drew Schlesinger, held each sample against the bathroom tilesReuters - 752 words
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659 2010-05-11 31 Developers aiming to time projects from ‘11-‘14 as rents promise to be high Reuters [LONDON] Jittery lenders and hefty margins on central London prime office construction finance may stunt speculative building until 2014 and stop developers from timing projects to coincide with anReuters - 659 words
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283 2010-05-11 31 Bloomberg [DUBAI] The completion of a “significant” number of new homes in Dubai later this year will further pressure prices that rose 2 per cent in the first quarter, Colliers International said. Colliers, a global real-es-tate-services firm, estimates that 41,000 residential unitsBloomberg - 283 words
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Article, Illustration96 2010-05-11 31 TOMO Takuma need not worry about having a home away from home for a long time to come. The manager of Shanghai World Financial Center Project, Shanghai Hills Forum and City View Co has won Ascott’s 25th anniversary grand draw worth up to $100,000 which96 words
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Article, Illustration646 2010-05-11 32 EMILYN YAP - Hang Lung eyes returns from China offices, not homes, says its chairman By EMILYN YAP ASK Hang Lung Properties chairman Ronnie Chan if there is a property bubble in China, and you are unlikely to get a straight answer. It is allARTHUR LEE - 646 words
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363 2010-05-11 32 Total is RM500m more than what was expected in Jan Reuters [KUALA LUMPUR] The planned listing of Malaysian property developer Sunway City Bhd’s real estate investment trust (Reit) will raise about 1.5 billion ringgit (S$646 million), more than was expected in the beginning ofReuters - 363 words
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125 2010-05-11 32 THE Urban Redevelopment Authority will auction three sites for heavy vehicle parking at 2pm on June 3 at URA Centre. The parcels, launched yesterday, are at Bukit Batok West Avenue 5 and Senoko Drive. They are being released to help meet the needs125 words
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Page 30 Advertisements
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Advertisement1291 2010-05-11 30 WATS NOTICES BUY IT-SELL IT-FIND IT TIONG SENG HOLDINGS LIMITED ESTABLISHED SINCE 1959. SINGAPORE (Co. Reg. No: *****7295Z) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tiong Seng Holdings Limited (the "Company") will be held at The Pines, 30 Stevens Road Singapore *****0,1,291 words
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Advertisement742 2010-05-11 30 Prime Space at 3 Changi Business Park Vista i a SMSSt .r" '^pnj;f "ip -r jS?'" Vi* r I Corporate Image Green Mark Gold award building Size available from I 3,000 sq ft to 80,000 sq ft Fully air-conditioned Ample carparks Close proximity to Expo MRT station Attractive rental Jonathan742 words
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Page 31 Advertisements
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Advertisement529 2010-05-11 31 Shell Core Data Centre Ready State JURONG DATA CENTRE One of the region's best largest, newest eco-friendly data centre Seven-floor facility erected on leasehold land => Located at the International Business Park in Jurong, the western part of Singapore <=> Gross floor area of approximately 34,920 square metres (sqm) =>529 words
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Advertisement275 2010-05-11 31 MODERNIST MASTERPIECE IN HOLLAND 111 73-i Newsman Realty Pte Ltd Stunning Architecture and Setting High on a Hilltop in prestigious address 19,000 sqft of elevated grounds 15,000 sqft Built-up area Lushly landscaped throughout Luxurious 6-bedroom en-suite Infinity-edge pool to complement Impressive home entertainment cinema Private lift and Covered 8-car garage275 words
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Page 32 Advertisements
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Advertisement168 2010-05-11 32 s^@ !li!ll!l!l!iiil! ggflg ©d)®© iiili ONE BEDRO TWO BEDROOMS £4W0 v (11 fill 1 9WJ MtJ Tf. W 3rM fi© rev M' > i PRIME LOCATION: Next to Canary Wharf financial district PRIME ARCHITECTURE: Designed by Skidmore, Owings Merrill PRIME SPECIFICATION: Custom kitchens, marble bathrooms PRIME FACILITIES: Concierge, valet parking,168 words
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Advertisement272 2010-05-11 32 Hilltop Residential Site Ideal for Strata Landed Housing U 6 IS301.0 C.P. 4 250 Av £NU 7859 7 1152.5iqm 786<* 6 20 35 -2 iqm CP. ***** 6 20 C.P. J0551 1833 7361 "b 1 J f 989.2 «J"» -j 5 20 3.. 3Q5S1 7363 90.2 6 20 C.P. *****272 words
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THE BUSINESS TIMES Singapore Corporate Awards
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Article, Illustration247 2010-05-11 1 Lynette Khoo - Lynette Khoo T HAS been tough going for companies steering their businesses through the economic headwinds caused by the global financial crisis. Besides having to go lean to guard their bottom lines, companies are faced with the uphill task of maintaining trust with investors and247 words
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Article, Illustration788 2010-05-11 2 LYNETTE KHOO - LYNETTE KHOOtalks to two winners in the large cap category to find out the ingredients that set their boards apart LYNETTE KHOO HAVING an effective functioning board that guards the interests of all stakeholders is crucial for good corporate governance to take root in an788 words
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Article, Illustration685 2010-05-11 2 JAMIE LEE - By JAMIE LEE SHAREHOLDERS of Baker Technology got their first dividend payout from the company some two years ago, thanks to directors who have not been afraid to speak up. “When we had our 2008 results, there was no mention of dividends, (though) that was685 words
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Article, Illustration910 2010-05-11 3 LYNETTE KHOO - And it has paid off handsomely for Keppel Corp’s Choo Chiau Beng as the company posted record profits last year, reports LYNETTE KHOO LYNETTE KHOO FOR Choo Chiau Beng, being the chief executive officer of Keppel Corporation has meant making tough decisions. ComingFILE PHOTO - 910 words
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Article, Illustration606 2010-05-11 3 KAREN NG - By KAREN NG TAT Hong took a long time to get where it is today. But now, it looks set to conquer the world. It is Asia’s third biggest crane owner and one of the world’s largest crawler crane lessors. Mainboard-listed Tat606 words
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Article, Illustration729 2010-05-11 4 NISHA RAMCHANDANI - Loo Choon Yong was able to steer Raffles Medical Group successfully through the recession. NISHA RAMCHANDANIfinds out how he did it NISHA RAMCHANDANI AS executive chairman and co-found-er of the Raffles Medical Group (RMG), Dr Loo Choon Yong has a fairly straightforward approach when729 words
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Article, Illustration809 2010-05-11 4 CHEN HUIFEN - By CHEN HUIFEN RICHARD Eu had no qualms about letting others know that he was “scared” at the beginning of the global financial crisis in 2008. The CEO of Eu Yan Sang International recalled that the media was painting a grimARTHUR LEE - 809 words
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Article, Illustration763 2010-05-11 6 TEH SHI NIN - SingTel’s Jeann Low talks to TEH SHI NINGabout the traits of a good CFO and the challenging and exciting aspects of her job TEH SHI NIN THE global financial crisis was building up to its climax in September 2008, when Jeann Low was made group chief763 words
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Article, Illustration506 2010-05-11 6 UMA SHANKARI - By UMA SHANKARI PHILIPPINES-BASED Del Monte Pacific’s chief financial officer (CFO) Ignacio C O Sison met the biggest challenge of his career in 2009 when his firm’s operating performance suffered from lower sales and higher costs. Following three years of robust growth from 2006 to506 words
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Article, Illustration696 2010-05-11 7 JOYCE HOOI - While Osim’s massage chairs have become increasingly sophisticated, its CFO Peter Lee believes its financial statements should be kept simple, reports JOYCE HOOI JOYCE HOOI MOST conversations with chief financial officers do not involve the excited use of words like “madness” and “crazy” butARTHUR LEE - 696 words
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606 2010-05-11 7 NA BOON CHONG - By NA BOON CHONG Na Boon Chong is director, consulting, for South-east Asia, Aon Consulting ATTRACTING and retaining top talent and guarding against reputational risks are among the key risk concerns in our survey of the world’s leading risk professionals and corporate officers earlier606 words
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750 2010-05-11 8 MAK YUEN TEEN - But there’s still room for improvement, says MAK YUEN TEEN MAK YUEN TEEN The writer is an associate professor at the NUS Business School. THE state of investor relations in Singapore as a whole is improving. Companies are increasingly responsive to investors, both institutional and750 words
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895 2010-05-11 8 ROBSON LEE - By ROBSON LEE Robson Lee is equity partner at Shook Lin Bok LLP and independent director of some listed companies. This article is contributed by the writer in his personal capacity. DIRECTORS are subject to many onerous duties and responsibilities to guard the895 words
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Article, Illustration630 2010-05-11 9 WINSTON CHAI - WINSTON CHAI finds out how the telco establishes and maintains a trusting and credible relationship with shareholders WINSTON CHAI TELCOS have consistently been hailed as storm shelters for spooked investors in the past year with their strong cash flows and high dividend yields. While most shareholdersFILE PHOTO - 630 words
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Article, Illustration624 2010-05-11 9 TEH SHI NING - By TEH SHI NING ENGAGING the investment community is something Singapore Press Holdings (SPH) has been doing for a long time. Long enough for chief financial officer Tony Mallek to suggest there is little new to be said about its investor relations. But624 words
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Article, Illustration896 2010-05-11 11 LYNETTE KHOO - What are the key ingredients that go into the making of an award-winning annual report? LYNETTE KHOOfinds out LYNETTE KHOO IF AN annual report is hard to read, the organisation is probably hiding something, according to a study by University of Michigan businessARTHUR LEE - 896 words
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Article, Illustration1095 2010-05-11 12 THEMIN SUWARDY,LEONG KWONG SIN - THEMIN SUWARDYand LEONG KWONG SINlook at the state of board committees here and discover some potential conflict of interest THEMIN SUWARDY,LEONG KWONG SIN Themin Suwardy is Associate Professor of Accounting (Practice) and Associate Dean (Curriculum Teaching) while Leong Kwong Sin is Associate Professor of Accounting, both1,095 words
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Advertisement214 2010-05-11 1 CONTENTS CEO of the year PAGES 3,4 CFO of the year PAGES 6,7 Best investor relations PAGE 9 Best annual report PAGE 11 B OKP HOLDINGS LIMITED We are honoured to receive the Gold Award at the Singapore Corporate Awards 2010 for Best Annual Report Market Capitalisation below $300 million214 words
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Advertisement67 2010-05-11 2 Nexia TS Associated with Smith Williamson NEXIA TS Public Accounting Corporation Nexia TS I INTERNATIONAL Listening, Thinking, Growing. Asia Congratulates Our Client On The SGX Mainboard m OKP HOLDINGS LIMITED as m m. w m for receiving BEST ANNUAL REPORT AWARD (GOLD) in the less than $300 million market capitalisation67 words
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Advertisement105 2010-05-11 2 Driven by Growth Sustained Values s SINGAPORE CORPORATE AWARDS Best Annual Report Award (Bronze) for 2009 in the"$300 million to less than $1 billion market capitalisation" We are proud to win this Award a 2nd time in a row. It emphasises our drive for excellence and our commitment towards better105 words
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Advertisement144 2010-05-11 3 RAFFLES MEDICAL GROUP CELEBRATES WITH OUR EXECUTIVE CHAIRMAN, DR loo Choon yong ON BEING AWARDED THE CHIEF EXECUTIVE OFFICER OF THE YEAR 2009 (Market capitalisation of $300 million to less than 1 billion) AT THE SINGAPORE CORPORATE AWARDS 2010 W c A H' n Ml m r r n F144 words
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Advertisement64 2010-05-11 4 Growth Excellence Integrity m r m #*s At Kencana Agri Limited, we place high value in transparency and corporate governance. Our appreciation to the judging committee of the Singapore Corporate Awards for the recognition of BEST ANNUAL REPORT* MERIT at the 2010 Singapore Corporate Awards. We will continue to strive64 words
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Advertisement212 2010-05-11 5 SINGAPORE CORPORATE AWARDS 2010 GOLD Best Managed Board Keppel Corporation Best Chief Executive Officer Mr Choo Chiau Beng, Keppel Corporation Best Annual Report Keppel Corporation Keppel Telecommunications Transportation K-REIT Asia m i. i -I v f m m »i'!!!■; 'HiI ■SSidE si*5: 813 ir —r KV >■; ft .<> 4212 words
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Advertisement25 2010-05-11 6 SPH is proud to receive at the Singapore Corpor for Best Investor (Market Capitalisation of$l Billion Above) SC7I I Enaaaina Minds, Engaging Minds, Enriching Lives25 words
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Advertisement316 2010-05-11 7 Our Heartfelt Thanks and Appreciation To our shareholders, customers, business associates, employees and friends: Midas Holdings Limited 9 di i»I i IS f'L V, wmm V V 324 wm ISEE uummil, ft S, i ;i| H ;jl" wmi HI li IV S •IB, »v l! w' 'isisi? :5J ■n We316 words
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Advertisement193 2010-05-11 8 5 a 'r* BH GLOBAL MARINE LTD «1 1 *****' Availability, Reliability, Valued Partner ii (Vi I Lit BltW. m gi J I l 1 n "V. t vw .l EL T r 1 itflfeis-iIKlaililiffllH i'l III yfefip" an I.:' •> J v t i S* i w BH GLOBAL193 words
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Advertisement144 2010-05-11 9 Hand in Hand Delivering the best for you i 9. n W, vir as» w K r >■ 5- r ,v//, v ti F* y^:jmmium/UL^ I nifMrnt/vm/uuimuimmm nnnnnnnnnnnnnamnMVl^W^^UUVmmimuw... ,y 5?^vumvmv,.. mI At SMRT, we believe in delivering excellence to our shareholders, customers and the community. Beyond establishing a firm reputation144 words
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Advertisement311 2010-05-11 10 To All Winners Of The Singapore Corporate Awards 2010 best managed board award MARKET CAP OF $1 BILLION ABOVE GOLD Keppel Corporation Ltd GOLD SingTel Ltd MARKET CAP $300 MILLION TO <$1 BILLION GOLD Del Monte Pacific Ltd SILVER Petra Foods Ltd MARKET CAP <$300 MILLION GOLD Qian Hu Corporation311 words
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Advertisement140 2010-05-11 11 Congratulations to our President Group Chief Executive Officer, Mr Roland Ng, for being conferred the BEST CEO AWARD at the Singapore Corporate Awards 2010! V1,"*^ L K f. I S m "1: m LJtfc VS .it ar Uk Kr.v j.;- www.tatl TAT HONG HOLDINGS LTD What started as a small140 words
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Advertisement54 2010-05-11 12 At the 2010 Singapore Corporate Awards, Del Monte Pacific Ltd is honoured to receive recognition for the following Best Managed Board (Gold) Best Chief Financial Officer Best Annual Report (Bronze) Market capitalisation of $300 million to less than $1 billion C IS c E 1 8 S 1 P E54 words
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