The Business Times, 23 October 2010
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2010-10-23
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The Business Times
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Title Section12 2010-10-23 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 23 24, 2010 S$1.00 MICA(P) 139/08/201012 words
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Article, Illustration754 2010-10-23 1 Jamie Lee - Reports suggest takeover of Australian bourse could create a mega exchange with $18b market cap and a dual listing By Jamie Lee leejamie@sph.com.sg Singapore SINGAPORE Exchange (SGX) could be on the verge of a historic takeover, with an estimated A$6 billion (S$7.65754 words
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849 2010-10-23 1 Teh Shi Ning,Jamie Lee - More tourists and Mice activity mean potential loss now is bigger than in 1997 By Teh Shi Ning,Jamie Lee tshining@sph.com.sg leejamie@sph.com.sg Singapore WITH Singapore still blanketed in haze, economists say a prolonged smog could cost more than before now that tourist numbers849 words
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Page 1 Advertisements
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Advertisement156 2010-10-23 1 the WEALTH Fruitful decade for S’poreans 30-31 WATCHES Haute horology reaches dizzying heights L10-11 DINING Tom Aikens cooking at Raffles L6 stock watch GLP, MIT take breather SHARES of the two mega initial public offers this week pull back as the broader market struggles for direction. 2 property sector Q3156 words
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Advertisement7 2010-10-23 1 LIVING Lifestyle hotspots in heritage districts L2-57 words
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TOP STORIES
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Article, Illustration483 2010-10-23 2 Michelle Quah - Their trading volumes continue to reflect healthy interest; both end higher for the week By Michelle Quah michquah@sph.com.sg Singapore SHARES of Global Logistic Properties (GLP) and Mapletree Industrial Trust (MIT) the two largest initial public offerings (IPOs) this week pulled back yesterday,483 words
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Article135 2010-10-23 2 STI 3,173.57 (+10.04) STI FUTURES 3,170 (+7) SIMSCI 374.94 (+0.24) SIMSCI FUTURES 375.00 (+0.10) STOCKS Friday Change KL COMP 1,490.64 -0.38 NIKKEI 225 9,426.71 +50.23 HANG SENG 23,517.54 -131.94 SET 992.24 +3.44 JAKARTA 3,597.75 +9.74 MANILA 4,286.87 +37.70 KOSPI 1,897.31 +22.62 SHENZHEN B 811.45 -1.09 MUMBAI IND 20,165.86 -94.72135 words
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930 2010-10-23 4 Uma Shankari - Private home prices up just 2.9 per cent in Q3 from Q2’s 5.3 per cent; number of new home sales and HDB resale transactions also fall By Uma Shankari shankari@sph.com.sg Singapore PRIVATE home prices in Singapore rose just 2.9 per cent in930 words
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Article, Illustration516 2010-10-23 6 Jamie Lee - Circuit breakers needed as markets in Asia take on high-speed trading: CEO By Jamie Lee leejamie@sph.com.sg Singapore LESS than 20 per cent of the current Singapore listings are suitable for a dual-listing on the Nasdaq OMX, its CEO RobertPHOTO: BLOOMBERG - 516 words
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122 2010-10-23 7 Reuters Seoul THE authorities in the South Korean capital are trying to untangle themselves from a slimy row: how many octopus heads is it safe to eat? Octopus heads are a favourite dish on the peninsula–fortheirapparentaphrodisiac qualities. In September, the Seoul city government enragedReuters - 122 words
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466 2010-10-23 7 Geithner proposes to limit surpluses and deficits on the current account to 4% of gross domestic product g-20 meeting| Reuters Gyeongju, South Korea THE United States struggled yesterday to win backing for its proposal of setting numerical targets for externalReuters - 466 words
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715 2010-10-23 8 Anthony Rowley - Industrial lobbies go up against agricultural interests in lead-up to whether Japan joins the Trans-Pacific Partnership By Anthony Rowley btworld@sph.com.sg Tokyo A MAJOR political storm threatens to split the Japanese governmentandtopit thenation’spowerful industrial lobbies against agricultural interests as Tokyo decides whether to join the715 words
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Article, Illustration568 2010-10-23 8 Insurer raises US$18b after pricing its shares at HK$19.68 AFP Hong Kong THE Asian unit of troubled US insurer American International Group (AIG) looked set yesterday torecordtheworld’ssecond-larg-est initial public offering (IPO) this year, in a monster share sale that could stillAFP; AP - 568 words
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Page 2 Advertisements
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Advertisement103 2010-10-23 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raf Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Shopping L2-3 Dining L4-6 GuestChef L7 Style L9 Watches103 words
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Page 3 Advertisements
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Advertisement1050 2010-10-23 3 A FEATURE BROUGHT TO YOU BY AIA 5« ij d-9 x K. t i- > S 4u~. r.^-AT Rw 1 J^^MBI "AIA is a trustworthy and reliable partner." UTAC Singapore, Group Vice President of Human Resources Information Technology, Mr Ng Tiong Gee UTAC Group is one of the largest independent1,050 words
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Page 4 Advertisements
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Advertisement180 2010-10-23 4 Energy Studies Institute and Shell are pleased to invite you to The ESI-Shell Dialogue on Energy Industries in a Carbon-Constrained Future Date Tuesday, 2 November 2010 Time 10:00 am to 12:00 noon (presentation) 12:00 noon to 1:30 pm (lunch) Venue Suntec Singapore International Convention Exhibition Centre Level 2, Room 203180 words
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Advertisement10 2010-10-23 4 ??Spike in office, industrial rents prices in Q3, Page 1810 words
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Page 5 Advertisements
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Advertisement166 2010-10-23 5 -S>THE GREENWOOD m m m I T V AA1 j. > ms ■ss^j t m J. *Si. NC m iSssa IS ES 5 OPEN HOUSE An exclusive lifestyle built around nature in Bukit Timah Estimated T.O.P. 31 March 2011 Attractive prices from $980 psf Visit our sales gallery at development166 words
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Page 6 Advertisements
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Advertisement1042 2010-10-23 6 ANCHUN INTERNATIONAL HOLDINGS LTD. (Incorporated in the Republic of Singapore on 29 October 2009) (Company Registration No. *****0277C) Invitation in respect of 130,000,000 Invitation Shares of S$0.28 each comprising 105,000,000 New Shares and 25,000,000 Vendor Shares as follows:(A) 2,000,000 Offer Shares at S$0.28 for each Offer Share by way of1,042 words
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Page 7 Advertisements
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Advertisement83 2010-10-23 7 This announcement appears as a matter of record only October 2010 ANCHUN INTERNATIONAL HOLDINGS LTD. (Incorporated in the Republic of Singapore on 29 October 2009) (Company Registration No. *****0277C) Invitation in respect of 130,000,000 Invitation Shares of S$0.28 each comprising 105,000,000 New Shares and 25,000,000 Vendor Shares as follows:(A) 2,000,00083 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK | Oct 18-22, 2010
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38 2010-10-23 9 THERE is big, and then there is big. Chinese money is creating a tidal wave that is washing into ship financing and a lot of it is splashing onto Singapore.38 words
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44 2010-10-23 9 AMERICAN International Group Inc’s Asian unit, which aims to raise up to US$20.5 billion through a Hong Kong initial public offer, plans to sell up to 8.08 billion shares in an indicative range of HK$18.38-19.68 each.44 words
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56 2010-10-23 9 GLOBAL Logistic Properties lived up to its billing on its trading debut on Monday, with the stock surging as much as 12 per cent. This should help pave the way for more initial public offers to come to market over the56 words
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45 2010-10-23 9 SINGAPORE will remain under the floodlights till 2014 even if it chooses not to extend its five-year Formula One contract, as it will have to serve out a two-year notice period as part of the agreement.45 words
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56 2010-10-23 9 THE law which governs foreign ownership of landed residential property in Singapore will be amended to make it costlier for foreign developers to speculate in land here. The Bill to amend the Residential Property Act (RPA) also aims to increase the penalties imposed56 words
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50 2010-10-23 9 CHINA’S central bank sent shockwaves through global markets yesterday with a surprise increase in interest rates for the first time in nearly three years. The impact of the measure, once described by the central bank as a heavy-duty weapon, was felt across the board.50 words
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40 2010-10-23 9 REMISIERS may soon have to kiss their long lunch break goodbye. The Singapore Exchange on Tuesday proposed full-day trading or to remove the lunch break from 12.30 to 2pm to boost trading interest.40 words
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64 2010-10-23 9 SINGAPORE’S bickering telecommunications trio is standing in unison against a set of proposed legislative changes that could see them cough up 10 per cent of their yearly sales in fines if they flout their licensing agreements. Currently, telcos that breach64 words
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54 2010-10-23 9 SECONDARY market transactions of private homes slowed down considerably in September over the preceding month following the property cooling measures announced on Aug 30. The number of subsales fell about 52 per cent month on month in September, while resales of private homes54 words
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Article, Illustration27 2010-10-23 9 Industry sources say Australia’s vast reserves of rare earth metals could make it one of the world’s leading producers in just a few years AFPAFP - 27 words
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65 2010-10-23 9 ASIAN shares and currencies fell at the start of trading on Wednesday after China surprised markets on Tuesday by raising interest rates for the first time in nearly three years. By late morning, however, most stock indices, including China’s, had recovered, suggesting that65 words
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59 2010-10-23 9 CHIPMAKERS and electronics manufacturers across the world are crying foul as China curbs the export of rare earth metals which hold the key to gadget production. Singapore manufacturers, mean- while, are still working out the potential impact on their59 words
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54 2010-10-23 9 MAPLETREE Industrial Trust made a strong debut on Thursday when the broader market was dampened by China’s surprise interest rate hike on Tuesday. MIT soared to a high of $1.20 from its offer price of $0.93, before eventually closing at $1.16 giving it a market54 words
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35 2010-10-23 9 CAPITALAND’S foray into a casino resort project in Macau has run into legal headwinds. It faces a lawsuit in connection with the proposed US$2.4 billion Macao Studio City.35 words
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NEXT WEEK | Oct 25-29, 2010
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Article32 2010-10-23 9 Oct 25 Existing home sales Oct 26 Consumer confidence Oct 27 Durable goods orders New home sales Oct 29 Third quarter GDP Q3 employment cost index Chicago PMI Consumer sentiment32 words
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Article29 2010-10-23 9 Oct 25 Sept consumer price index Oct 26 Sept index of ind’l production Oct 29 Employment figures Sept producer and int’l trade price indices Q4 business expectations29 words
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Article23 2010-10-23 9 Oct 25 EU foreign ministers meet in Luxembourg Start of Asean summit, plus the East Asia summit in Hanoi till Oct 3023 words
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Page 9 Miscellaneous
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Miscellaneous308 2010-10-23 9 CRYPTIC CROSSWORD Across 1 A ring that can work wonders (5,6) 9 Distribution coming to an end? (6,3) 10 Small pigs with tip of noses embedded in furrows (5) 11 Napping, the general is swallowed by snake (6) 12 Said the expert to the officer ‘It’s etiquette’ (8) 13 States308 words
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Miscellaneous10 2010-10-23 9 SATURDAY with Ludwig ‘It’s PSI:200 over Sumatra– pass it on...’10 words
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THE RAFFLES CONVERSATION
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Article, Illustration2322 2010-10-23 10/11 Genevieve Cua - AXA chairman and CEO Henri de Castries comes from a distinguished French family, but he is keen to stress that nobility, far from being a privilege, brings with it its own duties and responsibilities. By Genevieve Cua By Genevieve Cua gen@sph.com.sg A MEETING with French nobility could wellYEN MENG JIIN - 2,322 words
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COMPANIES
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500 2010-10-23 12 Jamie Lee - They see need to help investors get familiar with the stocks By Jamie Lee leejamie@sph.com.sg ANALYSTS were disappointed with yesterday’s debut of 19 American Depository Receipts (ADRs) of Chinese companies quoted on the Singapore Exchange (SGX). The stock of SGX ended down 2.7 per500 words
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Article, Illustration316 2010-10-23 12 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg SINGAPORE Press Holdings (SPH) has appointed the president and CEO of Ascendas Pte Ltd, Chong Siak Ching, as an independent director, making her the first woman to join the media group’s board. Ms Chong sits on the boards316 words
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596 2010-10-23 12 Joyce Hooi - Q4 net profit falls 19% to US$21.6m; dividend declared By Joyce Hooi joyceh@sph.com.sg IN a US$250 million move, Ezra Holdings is claiming more territory in the subsea market by buying Aker Marine Contractors (AMC) a Norwegian marine operations and installation services firm596 words
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Article, Illustration396 2010-10-23 13 Emilyn Yap - Distributable income surges 78%; DPU up 55% to 0.31 cents By Emilyn Yap emilyny@sph.com.sg FRASERS Commercial Trust (FCOT) rounded off its financial year ended Sept 30 with a strong set of earnings. Net property income for the fourth quarter rose 16 per cent year396 words
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380 2010-10-23 13 Emilyn Yap - Addition of Clarke Quay in July helps boost revenue 6% By Emilyn Yap emilyny@sph.com.sg CAPITAMALL Trust (CMT) delivered steady results for the third quarter ended Sept 30, supported by higher rents at its malls and contributions from a property bought in July. CMT yesterday380 words
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Article439 2010-10-23 13 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg FIRST Ship Lease Trust has announced a distribution per unit (DPU) of 0.95 US cents for the third quarter unchanged from the second quarter but 36.7 per cent lower than the year-ago DPU of 1.5 US cents. The DPU which439 words
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148 2010-10-23 13 KEPPEL Fels Limited a wholly owned subsidiary of Keppel Corporation has entered into a letter of intent with Mermaid Maritime Public Company Limited to build two KFELS B Class jack-up rigs worth US$360 million. Mermaid also has the option to build another148 words
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346 2010-10-23 14 Karen Ng - Its shares end day up 25% at 25 cents; 127m shares change hands By Karen Ng karenng@sph.com.sg MUN Siong Engineering made a roaring trading debut yesterday. Shares of the integrated engineering and maintenance services provider opened trading at 29.5 cents 47.5 per cent346 words
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Article, Illustration642 2010-10-23 14 Jamie Lee - Small Reits may not attract enough investor attention to fund asset growth By Jamie Lee leejamie@sph.com.sg NEW real estate investment trusts (Reits) listing in Singapore should be sizeable or risk being “orphans”. “Size matters,” says Tracey Woon, head of globalBLOOMBERG - 642 words
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Article, Illustration523 2010-10-23 15 R Sivanithy - stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IT’S not oftenthat theSingapore Exchange (SGX) occupies centre stage in the local stock market, but this week was one such occasion. Early in the week, SGX raised the hackles of the broking community when it issued a523 words
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Business briefing
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73 2010-10-23 15 ASCENDAS India Trust (a-iTrust) posted a net property income of $18.2 million for the second quarter ended Sept 30 5 per cent less than a year ago. Distributable income dropped 8 per cent to $13 million. As a result, distribution per unit shrank 873 words
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122 2010-10-23 15 SINGAPORE Press Holdings (SPH) said that following a review of its online portfolio, the group has decided to realign its Singapore directory search business to achieve better synergy with its other digital offerings and achieve greater efficiency. This entails relocating the bulk of122 words
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Article110 2010-10-23 15 VOL CLOSE MunSiong 126,726 25 0.0 0.0 MapletreeInd 111,950 111 -5.0 -4.3 ChinaNTown 87,536 18 -0.5 -2.7 GentingSP 66,960 222 0.0 0.0 GLP 65,999 225 -4.0 -1.7 ChinaGaoxian 53,859 23 1.0 4.5 ChinaHongxing 48,758 17.5 -1.0 -5.4 GoldenAgri 43,194 66 0.5 0.8 UMS 43,143 51 4.0 8.5110 words
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Article108 2010-10-23 15 Stock name Close Change CapMallsAsia 2.170 -0.030 CapitaLand 4.000 +0.020 CapitaMall 2.020 +0.010 CityDev 13.140 +0.100 ComfortDelGro 1.470 -0.020 DBS Grp 14.500 +0.140 F&N 6.250 Genting SP 2.220 Golden Agri 0.660 +0.005 HK Land 6.800 +0.180 JMH 44.900 +0.500 JSH 26.000 +0.180 Jardine C&C 38.960 +0.200 Keppel Corp108 words
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Article97 2010-10-23 15 ASCOTT Residence Trust (Ascott Reit) has announced a distribution per unit of 1.85 cents for 3Q10, down 4 per cent from 1.92 cents in 3Q09. Excluding the private placement tranche of 419.66 million new units which were issued to partly fund the acquisition of97 words
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Article55 2010-10-23 15 BY CENTS CLOSE UP OCC 3.93% NCPS10 9600 100.0 1.1 DBXT MSPacExJp 10US$ 427 93.7 20.3 JMH 4490 65.0 1.1 Pru 500US$ 1034 44.2 3.4 Kep Corp.ES.1010 991 35.0 3.7 HK Land 680 23.4 2.7 JSH 2600 23.4 0.7 HsuFuChi 330 20.0 6.5 Jardine C&C 3896 20.0 0.555 words
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Article59 2010-10-23 15 BY CENTS CLOSEDOWN GLD 10US$ ***** -352.5 -2.1 DBXT iBoxxKR 5US$ ***** -83.3 -0.5 SGX 954 -27.0 -2.8 Manhattan Res 117 -24.0 -17.0 ManhattanRes W*****9 43 -21.5 -33.3 UOB 5.05%NCPS 100 ***** -18.0 -0.2 SGX RB eCW*****1 80 -16.5 -17.1 STXPO 100 1418 -16.0 -1.1 Lyxor LatinAmerica 159 words
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Page 12 Advertisements
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Advertisement41 2010-10-23 12 New Freehold Project on Paterson Road Foreigners Eligible IMMEDIATE OCCUPATION/ RENTAL RETURN Attractive pricing 3 mins walk to Orchard MRT station 3/4 bedroom size from 1679 2228 sf Choice units available for sale Developer’s sale Viewing by appointment 9743 8382/9686 739141 words
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Page 14 Advertisements
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Advertisement121 2010-10-23 14 MATS NOTICES Auction Sale of Duty Unpaid Wines The Official Receiver, as liquidators of the company, “Universal Assets Group Pte Ltd (in liquidation)”, hereby appoints DTZ Debenham Tie Leung (SEA) Pte Ltd for the conduct of a public auction of duty unpaid wines. Auction Date 26 October 2010 (Tuesday) Auction121 words
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Page 15 Advertisements
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Advertisement76 2010-10-23 15 lProperty.com c=XF*a Marina Bay Sands Expo Hall A 23rd 24th Oct 2010 Booth N50&N5I V Your building name here -Hist Mill ■Mil ft II Ulil m to) r it* ur« For Corporate Lease Premium Office Buildings Mohamed Sultan Road, Singapore 8,000 100,000 sqft 4 Office Blocks 2 Podiums F&B Terrace76 words
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FROM THE DESK OF
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Article, Illustration909 2010-10-23 16 Narito Shibaike - Going green is fast becoming a must for business survival. There is now a need to incorporate environmental management into conventional business processes from the desk of Narito Shibaike Director of Environmental Strategy Research Centre, Panasonic MAKING the environment central to businesses is fast909 words
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SINGAPORE
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340 2010-10-23 17 Victoria Ho - Nielsen says the Internet and papers have a complementary relationship By Victoria Ho vhoip@sph.com.sg WITH nine out of 10 Singaporeans turning to TV or newspapers daily, the Internet continues to play a complementary role to offline media, according to the Nielsen Company. The340 words
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208 2010-10-23 17 TEMASEK Holdings has written a second time to the supposed founder of online news portal Temasek Review (TR), asking that he pass on their request for a namechange to the website’s owners. The company wrote to Joseph Ong last Friday, following a report in The New208 words
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504 2010-10-23 18 Uma Shankari - Strong recovery in office and industrial rent rates due to expanding businesses and growing diversion of residential investors By Uma Shankari shankari@sph.com.sg OFFICE rents in Singapore grew at a faster clip in the third quarter despite an increase in vacancy and504 words
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195 2010-10-23 18 Karen Ng - By Karen Ng karenng@sph.com.sg PRODUCTIVITY will have to grow 2-3 per cent a year over the next decade to maintain annual economic growth at 3-5 per cent over the same period, Manpower Minister Gan Kim Yong told a conference yesterday. And to help195 words
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Article778 2010-10-23 18 Joyce Hooi - saturday soapbox By Joyce Hooi joyceh@sph.com.sg HAS anyone noticed that public transportation in Singapore has appeared hell-bent on talking at you lately? Cab drivers not the most taciturn of people to begin with have become even more chatty, if such a thing were even possible. It778 words
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Page 17 Advertisements
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Advertisement248 2010-10-23 17 NOTICE OF BOOKS CLOSURE AND PPAAYMENTDATEFORDISTRIBUTION FFro r or theperiodfrom pril2010 30September2010 ASCENDASINDIATRUST (RegistrationNumber:*****04) a( a (a businesstrustregisteredundertheSingaporeBusiness rustsAct,Chapter31A Singapore) TToo:: Unitholders AscendasIndia rust DearSir Madam .1 1. DISTRIBUTIONDETAILS WWee arepleased informyouthatAscendasIndia rust(“a-iTrust”)willdistribute 3.36Singapor centsperunit for thehalf-year periodfrom 11 April2010 30September2010 (the“Distribution”). The ransferBooksandRegister Unitholders a-iTrust will closed 5.00pmon uesda248 words
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Page 18 Advertisements
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Advertisement23 2010-10-23 18 IT’S A DEAL SBF chief operating officer Victor Tay and Mr Das inking their collaboration pact, witnessed by Mr Gan and Mr Chew23 words
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WORLD
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471 2010-10-23 19 Pauline Ng - The planned 2011 listing of its Thai unit has also boosted sentiment By Pauline Ng btworld@sph.com.sg Kuala Lumpur BIG-TALKING budget carrier AirAsia is battling its rivals on two fronts. Besides its war of words with Singapore’s Tiger Airways, it is taking on Malaysia471 words
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Article, Illustration317 2010-10-23 19 AFP Paris FRENCH police broke up pickets besieging oil refineries and fuel depots yesterday, as President Nicolas Sarkozy’s government hardened its stance and the Senate prepared to vote on pension reform. Government representatives served an order on workers at the main refinery servingAFP; REUTERS - 317 words
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634 2010-10-23 19 S Jayasankaran - By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A PROPOSED 100-storey scraper–dubbedWarisanMerdeka which had been announced last week in Prime Minister Najib Razak’s 2011 Budget speech, has become a magnet for criticism. Part of the public anger might be explained by the fact that634 words
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541 2010-10-23 20 World’s biggest coal producer draws orders worth at least US$48.7b; govt aims to raise 151.5b rupees in India’s biggest share sale Bloomberg New Delhi COAL India Ltd’s share sale attracted bids that exceeded the combined gross domestic product of Latvia (US$26 billion) and IcelandBloomberg - 541 words
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372 2010-10-23 20 Reuters Albuquerque TWO top US Federal Reserve officials gave competing views on the need for more monetary stimulus to the US economy, continuing a public debate over further easing even as the core view at the US central bank appearsReuters - 372 words
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Article, Illustration405 2010-10-23 20 Abu Dhabi’s Ferrari World targets F1 fans with Oct 27 opening AP Abu Dhabi THERE are plenty of theme parks that take their inspiration from cartoon characters, superheroes and even horror movies. But not until this month has there been one dedicated to aAP; REUTERS - 405 words
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201 2010-10-23 21 AFP Beijing CHINESE search engine Baidu said yesterday its net profit more than doubled in the third quarter, as rival Google continued to lose market share following its public spat with Beijing over censorship. The results come as a Chinese researchAFP - 201 words
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439 2010-10-23 21 Bonds from casino firms rally amid confidence US will avoid double dip Bloomberg New York CASINOS are making a comeback in the bond market as they raise equity and Las Vegas Strip gambling revenue climbs, helping to salvage investments of buyout firmsBloomberg - 439 words
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765 2010-10-23 22 Malminderjit Singh - Any likelihood of a wide currency war stunting international trade is remote and seemingly rhetoric commentary By Malminderjit Singh msingh@sph.com.sg THE notion of currency wars, flagged anxiously by poli-cy-makers and analysts all over, makes for exciting headlines. Like many speculative theories, it isbuiltupon fear and765 words
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Article, Illustration493 2010-10-23 22 More than 100 killed by cyclones, heavier than usual monsoons Bloomberg [BANGKOK] Cyclones and heavi-er-than-normal monsoon rains have deluged parts of South-east Asia this month, killing more than 100 people and affecting millions in key rice-producing regions. The Central Committee forBloomberg; AFP - 493 words
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Page 21 Advertisements
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Advertisement167 2010-10-23 21 lProperty.com INTERNATIONAL COLLECTION mmwr/y/rrr 23 24 October 2010 10am 8pm Sands Expo Convention Centre This prestigious event is brought to you by iProperty.com Singapore Singapore's Leading Property Website Over 50 Exhibitors Award-Winning Property Developers Over 150 Projects for Your Investment Selection The iProperty.com EXPO International Collection will make its inaugural167 words
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SGX
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Article9097 2010-10-23 23 Transaction date: Oct 22 Transaction date: Oct 22 Transaction date: Oct 22 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 -0.5 113 18.5 18.5 18.5 19 1.7 9.89,097 words
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Article1866 2010-10-23 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4 4 4.5 22.2 3.9 225 130 6222 t APStrategic 169 +3 59 174 164 165 1661,866 words
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Article186 2010-10-23 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 2 0 0 0 6 7 2 Manufacturing 39 64 85 5 5 14 44 69 99 Commerce 22 22 23 4 6 4 26 28 27 Tpt/Stor/Comms 11 20 8186 words
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822 2010-10-23 26 BT SHARE INFORMATION SERVICE For week beginning Oct 18 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) OUE 20-Oct-10 Kin Chan *Sell 2475 na *****1 67.32 *****6 67.07 OUE 20-Oct-10 Kin Chan *Sell 2475822 words
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Article121 2010-10-23 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,929 36,929 130,183 130,183 Manufacturing 483,743 47,243 530,986 271,593 1,814 273,407 Commerce 84,552 12,925 97,477 101,917 3,507 105,424 Tpt/Stor/Comms 123,924 344 124,268 178,895 47 178,942 Finance 27,426 15 27,441 298,894 2 298,896 Construction 37,026 8,163121 words
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Article118 2010-10-23 27 Oct 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.316 1.242 Can dollar 1.291 1.242 Euro 1.843 1.773 Sterling pound 2.082 2.002 NZ dollar 0.999 0.952 US dollar 1.322 1.272 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration94 2010-10-23 27 YTD change: +9.52% 52-week high: 3,220.71 on Oct 15,2010 52-week low: 2,605.10 on Oct 29,2009 Source: Bloomberg YTD change: +7.52% 52-week high: 23,866.80 on Oct 14,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +6.89% 52-week high: 11,258.00 on April 26, 2010 52-week low: 9,614.32Source: Bloomberg - 94 words
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374 2010-10-23 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Index Preliminary 857.1 0.3 3.0 -0.1 -3.1 0.3 4.9 ‡EAFE Preliminary 781.8 0.5 -0.4 -0.1 -4.6 0.3 3.3 Europe Preliminary 1162.4 0.9374 words
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Article154 2010-10-23 27 Oct 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2734 1.2745 0.9789 0.9790 Canadian dollar 1.2639 1.2651 0.9716 0.9718 Euro 1.8079 1.8098 1.3898 1.3902 NZ dollar 0.9714 0.9727 0.7468 0.7472 Sterling pound 2.0387 2.0407 1.5673 1.5676154 words
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Article82 2010-10-23 27 Oct 21 COCOA (£/tonne) Close Prev High/Low Dec 10 1902 1860 1919/1840 Mar 11 1923 1889 1940/1870 May 11 1939 1908 1956/1894 Jul 11 1957 1926 1975/1912 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1872 1818 1899/1835 Jan 11 1893 1840 1910/1851 Mar 11 1872 1826 1888/1841 May 1182 words
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Article93 2010-10-23 27 Oct 21 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1201.*****2.*****3.*****1.50 Jan 11 1213.*****3.*****5.*****3.00 Mar 11 1221.*****2.*****3.*****1.00 May 11 1224.*****5.*****6.*****4.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 48.24 48.47 48.95 48.10 Jan 11 48.59 48.81 49.30 48.44 Mar 11 48.95 49.16 49.5893 words
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Article64 2010-10-23 27 Oct 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 2986 3012 3013 2985 519 2713 Dec 10 2995 3006 3014 2976 3134 ***** Jan 11 2995 3007 3014 2975 9245 ***** Feb 11 2980 300264 words
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Article75 2010-10-23 27 Oct 21 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 82.85 -0.08 WTI (Near Mth) 80.27 -1.55 Dubai (1-Mth F) 80.75 1.42 Tapis blend 88.70 0.50 Minas 82.80 0.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 84.00 2.00 Jet Kerosene 94.70 1.45 US$/barrel Opec Oil Basket Price75 words
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Article73 2010-10-23 27 Oct 21 Source: Bloomberg Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2317.50 2329.50 3 months 2350.00 2362.00 Copper, Grade A (US$/tonne) Cash 8290.00 8320.00 3 months 8307.00 8340.00 Lead (US$/tonne) Cash 2457.75 2422.00 3 months 2485.00 2450.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00Source: Bloomberg - 73 words
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Article69 2010-10-23 27 Oct 22 GOLD (US$/oz) Oct 22 Oct 21 Hong Kong 1319.*****5.50 Oct 21 Oct 20 London 1339.*****4.05 1340.*****4.45 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 30.41 30.19 Source: UOB PLATINUM Lon (US$/oz) Oct 21 Close Previous PM Fix 1686.*****0.00 AM Fix 1670.*****4.00 Source: Thomson Reuters PLATINUM NYMEX69 words
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PERSPECTIVE
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Article, Illustration1306 2010-10-23 28 / 29 Seah Moon Ming - kindSingapore companies have a clear advantage in partnering China on its journey up the value chain. By Seah Moon Ming partnering By Seah Moon Ming The author is Deputy CEO of ST Engineering ABOUT 15 years ago, when Singapore Technologies Engineering Ltd (ST Engineering) began doingXINHUA - 1,306 words
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Article817 2010-10-23 28 / 29 William Hague - The UK economy of the future must be one built on investment, savings and exports By William Hague The writer is UK Secretary of State for Foreign and Commonwealth Affairs THIS week Britain’s coalition government announced its spending plans for the next four years. We817 words
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487 2010-10-23 28 / 29 John Rachmat - letter to the editor John Rachmat IREFER toyour editorial “LCCs must raise service standards” (BT, Oct 21) and a letter from reader Bill Chua, imploring that regulators take action against errant LCCs. First of all, the different LCCs have different service levels, so487 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1582 2010-10-23 30 / 31 Roy Varghese - Portfolio of baby boomers who invested into STI 10 years ago would have almost doubled today, and those who own private property also did very well Roy Varghese Foundation adviser, ipac Singapore WITH less than 100 days to the end of 2010, it makes sense to1,582 words
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BROKERS’ TAKE
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Article478 2010-10-23 30 / 31 Royal Bank of Scotland Oct 21 THE earnings outlook for Singapore banks has darkened considerably in recent weeks as Sibor (the three-month Singapore-dollar interbank offered rate) continues to fall, in line with a strengthening Sing dollar and global talk of a second round of quantitative easing by the478 words
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Article306 2010-10-23 30 / 31 Conrad Tan - Outperform Standard Chartered Bank Oct 22 Close: $0.42 Compiled by Conrad Tan WE initiate coverage with an “outperform” rating and a price target of $0.55, providing potential upside of 27 per cent. FJ Benjamin Holdings (FJB) is South-east Asia’s leading fashion and lifestyle group, with 50 years306 words
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Article, Illustration869 2010-10-23 32 Genevieve Cua - MAS rules should help forward-thinking players train relationship managers to be holistic financial planners Genevieve Cua gen@sph.com.sg Personal Finance Editor THEmultibillion-dollarstruc-tured products wipe-out whenLehmanBrothers collapsed in 2008 was a pivotal event for everyone involved in retail investment advisory. Singapore had been hit by mis-selling scandalsSTOCK.XCHNG - 869 words
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Article, Illustration1326 2010-10-23 33 Teh Hooi Ling - The offshoot of the belief in the bell curve distribution is that we underestimated the risks in the financial markets show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder I RECEIVED an email message fromSource: Compiled by BT with price data from Reuters Thomson Datastream - 1,326 words
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WEALTH REAL ESTATE
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664 2010-10-23 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 24/09/2010 99 786 1336 1700 Icon Apt 23/09/2010 99 581 1100 1893 District664 words
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Article, Illustration580 2010-10-23 35 High earners are fuelling demand for high-rise dream homes in Mumbai and other major Indian cities AFP Mumbai THE heart of Mumbai city, once a cotton mill hub, is seeing a rapid change in its skyline as more than 30 skyscrapers are mushrooming outAFP - 580 words
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400 2010-10-23 35 Bloomberg Hong Kong THE number of private homes completed in Hong Kong rose to a four-year high this year, underscoring government efforts to boost the housing supply and curb rising prices. In the first nine months, 11,100 private homes were completed, the TransportBloomberg - 400 words
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Page 34 Advertisements
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Advertisement63 2010-10-23 34 HI ii Featuring the Quality Homes Collection Five Chancery. Redefining Exclusivity. For enquiries: Lawrence Chia 9617 2884, lchia@savills.com.sg Jeffrey Goli 9387 3372, jtgoh@savills.com.sg To arrange for an appointment to view our sales galleiy, please call 6836 33 or search with us at savills Savills has more than 200 offices and63 words
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Page 36 Advertisements
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Advertisement77 2010-10-23 36 M AIDEMARS PIGLET le mattre de I'horlogerie depuis 1875 A r mm 60 imn ii I lllll too <n M in o m V/. O o m V, o Si o 41 m PlGU 1 S O o r m m to =ss I m O I o o x77 words
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Advertisement55 2010-10-23 1 GUEST CHEF Matthew Kenney L7 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER23-*****0BTTHE BUSINESS TIMES WEEKEND OCTOBER 23-24 2010 NICHE APPEAL Lifestyle hotspots in heritage districts PERSONAL SPACE Artist Chang Fee Ming L12-13 HAJI LANE, PHOTO BY YEN MENG JIIN GADGETS Windows Phone 7 L14 WATCHES Unique complications L10-11 GOLF Up close with Edgar Oh L17 F155 words
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BT Living
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SHOPPING
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Article, Illustration1451 2010-10-23 2 / 3 Audrey Phoon - There’s been renewed interest of late in Singapore’s heritage districts, which are fast turning into chi-chi lifestyle enclaves with exciting shopping and F&B options. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg YOU know that the itage-district-turned-hotspot concept has really taken root in Singapore when people no longer thinkTROLLEY PHOTOS COURTESY OF TROLLEY; FLOR PATISSERIE; ASYLUM PHOTOS COURTESY OF ASYLUM; PHOTOS OF STEVIE GENERAL STORE, DEFINE HAPPINESS SUNGLASS SHOP AND THE ICE CREME MAN BY AUDREY PHOON - 1,451 words
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Article, Illustration510 2010-10-23 8 Jaime Ee - Slow browsing is recommended at ToTT, a veritable mall devoted to the joys of cooking. By Jaime Ee cooking.By Jaime Ee jaime@sph.com.sg ToTT 896 Dunearn Road #01-01A Sime Darby Building ?6219-7077 www.tottstore.com FORGET what anyone tells you about how less is more. In the case of the just-opened510 words
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Article751 2010-10-23 8 wine dine with BTWeekend Bar on 5 Mandarin Orchard Singapore, Level 5 333 Orchard Road ?6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage751 words
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DINING
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Article, Illustration1635 2010-10-23 4 / 5 Geoffrey Eu - The casual dining scene around Ann Siang Hill and Keong Saik Road in Chinatown is getting more interesting with new restaurants settling in.By Geoffrey Eu in.By Geoffrey Eu btnews@sph.com.sg PS. 45 ?6222-3143 PS. Cafe at Ann Siang Hill 45 Ann Siang Road, #02-02 ?6222-3143 www.pscafe.sg PS.1,635 words
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Article, Illustration1116 2010-10-23 6 Melissa Lwee - British chef Tom Aikens bagged two Michel in stars at age 26 and now, at 40, hones his skills to a high art. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg A LOOK at British chef Tom Aikens’ special menu for his five-day guest chef stint at the RafflesPHOTOS BY ARTHUR LEE - 1,116 words
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ENTERTAINING
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Article, Illustration1013 2010-10-23 7 Jaime Ee - There are lots of health benefits to be derived from eating raw food. And in Matthew Kenney’s hands, it can taste pretty good too. By Jaime Ee guest chef too. By Jaime Ee jaime@sph.com.sg FOR any hard-core foodie contemplating a raw food diet and thinking he or she1,013 words
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STYLE
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Article, Illustration819 2010-10-23 9 Corinne Kerk - De Beers has big plans for this part of the world. With its regional flagship store now open at Marina Bay Sands, the company is heading to China next, where it plans to set up boutiques in the country’s top 15-20 cities. By Corinne Kerk819 words
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WATCHES
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Article, Illustration1768 2010-10-23 10 / 11 Dylan Tan - world of haute reaches dizzin The horology dizzying new heights with these groundbreaking complications. By Dylan Tan complications.By Dylan Tan dylantan@sph.com.sg FROM minute repeaters to tourbillons and perpetual calendars, complications remain the height of watchmaking in the world of horology. It’s where Old World charm meets modern day1,768 words
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HOME & GARDEN
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Article, Illustration1615 2010-10-23 12 / 13 Cheah Ui-Hoon - Antique, ethnic natural The Terengganu home of watercolourist Chang Fee Ming is clearly that of an artist, with a studio that has been set up in his living room and eclectic arrangements of cultural artefacts, seeds and pods. By Cheah Ui-Hoon personal space| By Cheah Ui-Hoon uihoon@sph.com.sg TERENGGANU-bornartist Chang FeePHOTOS BY CHEAH UI-HOON - 1,615 words
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GADGETS
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Article, Illustration793 2010-10-23 14 Christopher Lim - The Microsoft Windows Phone 7 imbues cellphones with grey cells, great sound and good looks. By Christopher Lim By Christopher Lim IT USED to be tough to find a Windows mobile phone worth recommending. At the best of times, they were a little behind the competition. And793 words
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HEALTH
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Article, Illustration927 2010-10-23 15 Cheah Ui-Hoon - Ultrasound guided corticosteroid injections and hydrodilatation are treatments to go for if you have frozen shoulders or shoulder pain but the doctor to administer it might well be a radiologist. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg EXPERIENCING shoulder pain? The first thought is to seeFILE PHOTO - 927 words
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SPORT
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Article, Illustration662 2010-10-23 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor EARLIER this month, one of the most successful tennis players in Asia bade farewell to the game as an active competitor. Thailand’s Paradorn Srichaphan, who famously rose to as high as ninth in theAFP - 662 words
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Article, Illustration531 2010-10-23 16 Steve Dawson - slam dunk with steve dawson Steve Dawson ONE man, we are told, does not make a football team. Whether he is Cristiano Ronaldo, Lionel Messi or Wayne Rooney, the cliché about no player being bigger than the club is trotted out with regularity,AP - 531 words
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GOLF
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Article, Illustration1149 2010-10-23 17 Justine Moss - Qualifying to play in the Barclays Singapore Open was the icing on the cake for 14-year-old Edgar Oh who has won eight tournaments in the past year. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Edgar Oh qualified to play in next month’sBarclaysSingapore Open1,149 words
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MOTORING
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Article, Illustration571 2010-10-23 18 Samuel Ee - Thanks to Dual VVT-i technology, the Toyota Corolla Altis is more powerful, and fuel efficient. By Samuel Ee THE CABIN OFFERS MANY EXAMPLES OF USEFUL STORAGE SPACE, SUCH AS THE DUAL GLOVE BOXES. By Samuel Ee samuelee@sph.com.sg THERE is a good reason why the Toyota571 words
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Article, Illustration376 2010-10-23 19 Samuel Ee - Two sporty sedans have been given slightly more than the usual makeover. Samuel Ee drives both cars Samuel Ee THESE days, a coupe doesn’t necessarily have only two doors, especially if it is long, low and German. At the upper end, there are the Mer-cedes-Benz CLS “four-door coupe”376 words
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Article, Illustration360 2010-10-23 19 samuelee@sph.com.sg LEXUS has face-lifted its pretty IS 250 sedan again, this time with redesigned front headlamps that feature LED daytime running lights on its higher-end variant. Other lights, such as the fog and tail lamps, have also benefited from a makeover that takes place four years after this360 words
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Article, Illustration667 2010-10-23 20 Samuel Ee - Costing US$275 million to build on reclaimed land, the Korean International Circuit was held up by construction delays. Samuel Ee separates the myths from the facts of this brand new ‘hybrid’ track f1 watch Samuel Ee SO IT’S finally confirmed the five red667 words
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Advertisement4 2010-10-23 2 / 3 New restaurants, next page>>4 words
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