The Business Times, 9 February 2008

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Total Pages: 18
1 18 The Business Times
  • 22 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents ajp* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 February 9-10,2008 online at http://business-times.asia1.com.sg
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  • 604 1  -  UMA SHANKARI Corporate customers paying $8,888 to book a capsule on observation wheel [SINGAPORE] Come next week, the Singapore Flyer will play host to the select guests of some of Singapore's biggest corporations, who will be able to usher in the
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  • 907 1  -  CHEN HUIFEN CHEW XIANG BT-Starmine Brokers Rankings single out the best in the business [SINGAPORE] You think of them as serious-minded individuals, poring over financial data and meticulously separating the stock market winners from those who fall short of their exacting standards.
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  • Page 1 Advertisements
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    • 60 1 Inspired by a souscription watch, "La Tradition Breguet" salutes one of Breguet's most important inventions, the pare-chute. Hand-wound mechanical movement, caliber 507DR, with straight-line lever escapement, monometallic balance and Breguet overcoil. www.breguBt.com Boutique Breguet, 328 North Bridge Road, #01-18 Raffles Hotel Arcade Singapore, tel: +65 6338 6006 PARIS CANNES GENEVA
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  • Page 1 Miscellaneous
    • 49 1 11 WMflj ifiSSS^HI w is all about fun A-Z guide to GST investment appeal .^Hr PAGE 13 PAGE 7 PAGE 12 MAVERICK TALENT-SPOTTER Veteran and versatile Hollywood producer Edward Pressman PAGE 3 v V SWEET SOMETHINGS Singapore's top pastry chefs on ways to profess your love on Valentine's Day
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  • TOP STORIES
    • 698 2  -  CHUANG PECK MING COMMENTARY Main concerns have been addressed, but more answers are needed FOR something so pivotal and complex, it seems to have been hastily cobbled together. The National Longevity Insurance Committee took barely four months to come up with the
      698 words
    • 63 2 SINGAPORE has lost a much-loved lady. Ah Meng, the Sumatran orang-utan, died yesterday, aged 48. Since 1971 the year she arrived at the Singapore Zoo Ah Meng has been photographed and has had breakfast with thousands of Singaporeans, tourists, and even foreign dignitaries. The zoo will
      ST FILE PHOTO  -  63 words
    • 525 2  -  MATTHEW PHAN No let-up in demand, but farm acreage is shrinking, says expert [SINGAPORE] Prices of agricultural commodities like wheat and other grains will continue to rise, notwithstanding strong price gains in 2007, said Paul Schuilwerve, global head of commodities at Fortis Bank,
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    • THREE-MINUTE DIGEST
      • 46 2 THE commercial property market in the city of Zhengzhou has a new investor, Centra Land Ltd. The Chinese property developer listed in Singapore expects to be immune from the measures being taken to cool down the market. COMPANY NEWS, PAGE 6
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      • 49 2 THAI company Mermaid Maritime is buying 80 per cent of its sub-contractor Seascape Surveys, the company says in a filing to the Singapore Exchange. It is paying US$6.2 million, plus a sum to be based on Seascape's future performance. COMPANY NEWS, PAGE 6
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      • 57 2 MALAYSIA where companies sold nearly two-fifths of Islamic bonds globally last year, expects more overseas borrowers to sell such debt as it eases regulations and as Gulf investors look to Asia, the market regulator said. Countries including Japan and China are showing "interest"
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      • 53 2 INPUT costs for steel producers are shooting up as the world's two biggest producers of iron-ore seek to merge. China's steel industry officials say they might accept a 30 per cent rise, but some analysts say prices could rise by 50-70 per cent. GREATER
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      • 34 2 RISING prices are hitting ordinary people in China hard. The government is considering price controls, but the policy is not without risks, a Singapore think-tank warns. GREATER CHINA PAGE 9
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      • 47 2 INVESTMENT bank Morgan Stanley is starting its first fund in the Indian subcontinent for 14 years. But the move comes as India's stock market has had its worst start to the year dropping 13 per cent last month. INDIA, PAGE 10
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      • 49 2 AS a Chinese New Year treat, Las Vegas casino MGM Mirage has been trying to attract high-rolling Asian gamblers with food up to now reserved for China's state guests. Nine chefs from the Diaoyutai State Guesthouse have been flow in. ASIA-PACIFIC, PAGE 11
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      • 47 2 ASIA is not immune to the economic shakeout in the rest of the world, Asian Development Bank president Haruhiko Kuroda warns. He has told a symposium the ADB is prepared to help by changing its lending priorities. WORLD, PAGE 12
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    • 365 2 Bloomberg SOCGEN SCANDAL Inquiry into role of accomplice in fake transactions [PARIS] French police have widened their probe of Jerome Kerviel, whose bets are blamed by Societe Generale SA for a record trading loss, questioning an employee of futures brokerage Fimat who worked
      Bloomberg  -  365 words
  • Page 2 Advertisements
    • 126 2 Super Fine Indo Persian, Fine Indian Jaipur Woolen, Afghan Turkoman, 10ft x Bft, $3000 7ft x sft, $900 7ft x sft, $850 YES, ITS TIME FOR A CUT. Here's something to lift the mood of the market. Hassan's Carpets is happy to offer a generous cut on carpet prices. We've
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  • THE RAFFLES CONVERSATION
    • 2159 3 Veteran and versatile Hollywood producer Edward Pressman talks to SURESH MENON about the various aspects of movie financing and how he combines life and work in the chimerical world of cinema IT'S pouring outside the dimly lit Shangri-La suite in Singapore, as if the clouds have some scores
      SURESH MENON  -  2,159 words
    • 485 3  -  SURESH MENON By EDWARD Pressman began his career in England in partnership with director Paul Williams. He has produced over 70 movies of diverse genre. He gave Hollywood legend Oliver Stone his major directorial debut with The Hand, before producing Stone's Academy Award-winning Wall Street.
      485 words
    • 97 3 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      97 words

  • BT-STARMINE BROKERS AWARDS
    • 993 4  -  CHEN HUIFEN Why Citigroup analysts made 'sell' calls on SIA, OSIM CORRINE Png, a research analyst at Citigroup, is one who is not afraid of bucking the trend. One of a handful of women in the trade, she admits to being a risk-taker,
      FILE PHOTOS  -  993 words
    • 452 4  -  CHEW XIANG Research head Rick Loo sheds light on the inner mechanics of this bulge-bracket firm RICK Loo, head of Asean research at Goldman Sachs, doesn't want to talk about specific stocks. Company policy, apparently. But he does shed intriguing light on the inner
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    • 816 4  -  CHEW XIANG Research firm says it tends to do a lot of work when initiating coverage CREDIT Suisse analyst Chua Su Tye recalls one of his first research jobs, assisting in the firm's coverage of Singapore Press Holdings. "Every
      BLOOMBERG  -  816 words
    • 634 5  -  PAULINE NG Plan your work and don't procrastinate, advises TA Securities' Kaladher Govindan FOR stock analyst Kaladher Govindan, "the stress is OK so long as you know how to handle it". Just the day before, the father of three girls had celebrated Thaipusam the
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    • 611 5  -  S JAYASANKARAN Anand Pathmakanthan has followed Bumi-Commerce wherever he has worked b HEN I 23-year-old Anand Pathmakanthan now an award-win-ning analyst returned to Kuala Lumpur from England in 1995 with an economics degree from the London School of Economics, the
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  • Page 5 Advertisements
    • 1263 5 IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT THE COMPANIES ACT THE COMPANIES ACT THE COMPANIES ACT (CHAPTER 50) (CHAPTER 50) (CHAPTER 50) (CHAPTER 50) AND AND AND AND IN THE MATTER OF IN THE MATTER OF IN THE
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  • COMPANY NEWS
    • 633 6  -  TAN SEO YEAN It says China's anti-speculative measures won't hit property prices CHINESE property developer Centra Land Ltd is poised to tap into the commercial property market in the city of Zhengzhou with its ongoing development of J-Expo, a wholesale commodities building located
      ARTHUR LEE  -  633 words
    • 201 6  -  UMA SHANKARI By DEVELOPER Fragrance Group said on Thursday that it has bought a freehold property at Pasir Panjang Road for $4 million. Fragrance said the property has a land area of 3,450 sq ft, which means that the land cost was
      201 words
    • 298 6  -  UMA SHANKARI By THAILAND-BASED Mermaid Maritime Pel announced on Thursday that it has bought an 80 per cent stake in Seascape Surveys Pte Ltd, a company which provides survey and positioning services to the offshore oil-and-gas industry. Mermaid, which provides drilling and engineering services for
      298 words
  • Page 6 Advertisements
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    • 39 6 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Lianhe Zaobao I as number of bids I and bid prices I decline tskmstsmut POST YOUR AD WWW.SnOI.COM
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  • FOCUS:SINGAPORE BUDGET
    • 1650 7 but were afraid to ask -in case you've been getting it wrong and were worried about possibly getting clobbered It's a tax that has been described as 'Government Sure Take' or 'Government Salary Tax' and often criticised as inflationary and regressive. Love it
      EDWIN KOO/THE STRAITS TIMES AND ARTHUR LEE/THE BUSINESS TIMES  -  1,650 words

  • MALAYSIA/INDONESIA
    • 365 8 Bloomberg Windfall oil revenues to drive demand for Islamic bonds: SC [BANGKOK] Malaysia, where companies sold nearly two-fifths of Islamic bonds globally last year, expects more overseas borrowers to sell such debt as it eases regulations and as Gulf investors look to Asia,
      – Bloomberg; BLOOMBERG  -  365 words
    • 187 8 [PETALING JAVA] Pizza Hut operator QSR Brands Bhd expects double-digit growth in sales for its financial year ending Dec 31, 2008, backed by new products and more branches opening nationwide, The Starßiz reported. Chairman Muhammad Ali Hashim said that the forecast was
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    • 301 8 Bloomberg [DUBLIN] Rank Group Pic, the second-largest UK bingo-club and casino owner, said that Malaysian gaming investor Genting Bhd raised its stake to 11 per cent, boosting the stock. Genting, Asia's largest publicly traded casino operator, now controls 43.1 million shares, Maidenhead, England-based Rank
      Bloomberg  -  301 words
    • 252 8 Reuters [JAKARTA] Indonesian crude palm oil markets were quiet yesterday as players stayed away due to the long Chinese New Year holiday weekend while uncertainty over cooking oil tax refunds also muted trading interest. There were no crude palm oil auctions
      Reuters  -  252 words
    • 1015 8 For week beginning Feb 4 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Willas-Array 5-Feb-08 Yeo Seng Chong «Buy 484 na ***** 5.46 ***** 5.62 Willas-Array 5-Feb-08 Yeoman CapitalMgt «Buy
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    • 390 8 Xinhua [JAKARTA] Good economic growth, and reduction of the unemployment and poverty rates will be the key to electoral sentiment in the 2009 general election, according to a latest survey conducted by the Indonesian Survey Institute (LSI). "If President Susilo Bambang Yudhoyono
      – Xinhua; AFP  -  390 words

  • GREATER CHINA
    • 726 9 Reuters Officials hint at accepting a 30% hike but analysts see rise of more than 50% [BEIJING/HONG KONG] China may yet seek to spoil the merger of two of its biggest iron ore suppliers, but that won't help its steelmakers stave
      – Reuters; AFP.AP  -  726 words
    • 338 9 Reuters All hurdles will fall if it takes two steps, says US official [WASHINGTON] China could help bring world trade talks to a swift conclusion this year with dramatic action to ease concerns about its competitive clout, a senior US manufacturing industry official said
      – Reuters  -  338 words
    • 323 9 Xinhua [ATHENS] Maria Horss, the famous Greek choreographer of the Lighting Ceremony of the Olympic Flame, has said that she is very happy to choreograph for the Beijing Olympic Games and is thinking about the choreography that best suits Chinese elements. In an exclusive interview
      Xinhua  -  323 words
    • 833 9 Reuters [CHONGQING, China] China is supposed to be getting richer, but for Liv Gaohua, rising prices on everything from cabbages to houses mean life is only getting tougher. "It's hard to get by day-to-day," said the resident of Chongqing, a western Chinese
      Reuters; REUTERS  -  833 words

  • INDIA
    • 889 10 -Bloomberg Govt forecasts India's economy to expand 8.7% as higher interest rates cool consumer demand [NEW DELHI] India's government expects economic growth to slow for the first time in three years, as higher interest rates cool consumer demand for homes, motorcycles
      -Bloomberg  -  889 words
    • 282 10 Bloomberg [MUMBAI] ÜBS AG's first licence to provide banking for Indian companies has been put on hold by the central bank, awaiting the outcome of a regulatory enquiry. "In-principle approval given to ÜBS has been put on hold pending investigation," Alpana Killawala, a
      – Bloomberg  -  282 words
    • 599 10 AFP The country will host three major international events in February [NEW DELHI] Golf is among the fastest growing sports in India and the movers and shakers of the Asian and European Tours see huge potential to cash in. This week, the country became
      AFP  -  599 words
    • 394 10  -  SIDDHARTH SRIVASTAVA By in New Delhi INDIA'S export-led software sector is being hit by the rising value of the rupee and employees are paying for it. In a step that has sent some shock waves, Tata Consultancy Services (TCS),
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    • 769 10 Bloomberg Sensex correction seen as opportunity to build portfolio [MUMBAI] Morgan Stanley, trailing Franklin Templeton Investments and Reliance Capital Ltd in India, will start its first fund on the subcontinent in 14 years to win clients in a country where investments may
      Bloomberg  -  769 words

  • ASIA-PACIFIC/WORLD
    • 750 11 ■AP [LAS VEGAS] The city's casino industry has long rolled out the red carpet for high-rolling Asian gamblers on Chinese New Year. This year, MGM Mirage is literally giving them royal treatment with a feast up to now reserved for China's
      ■AP  -  750 words
    • 563 11 Bloomberg, Reuters PM may pave way for Thaksin's return and set aside his political ban [BANGKOK] Samak Sundaravej, Thailand's new prime minister, said the government will ease restrictions on foreign investment to help the economy grow faster. The restrictions imposed by the central bank
      Bloomberg, Reuters; AFP  -  563 words
    • 406 11 Clipper Ventures THE Clipper fleet continues its beat to windward towards Qingdao as the winds freshen and the sea state rises to an ugly chop. The same advantageous current that has propelled the chasing pack northwards towards Jamaica is running counter to the north-easterly winds and making
      Clipper Ventures; CONDITION  -  406 words
    • 238 11 Reuters LATEST US DATA [NEW YORK] The US economy has entered a recession that will be more painful and drawn out than the usual downturn, the director of the Reuters/University of Michigan consumer sentiment survey said yesterday. Inflation pressures will linger despite the
      Reuters  -  238 words
    • 156 11 Reuters [NEW YORK] Yahoo Inc's board of directors was to have met yesterday to discuss Microsoft Corp's U5544.6 billion buyout offer, the Tech Crunch blog said, citing unnamed sources. Yahoo officials could not immediately be reached. According to the report, Yahoo's outside advisers are
      Reuters  -  156 words
    • 368 11 Reuters Markets' hope for stimulus rise after ECB softens tone [TOKYO] Financial leaders from the world's top industrial nations showed signs yesterday that they were ready to work together to tackle a global economic downturn and calm turbulent financial markets. The credit crisis has
      – Reuters; REUTERS  -  368 words
    • 400 11  -  NEIL BEHRMANN +By in London SINGAPOREAN football fans may well watch Manchester United, Chelsea and Arsenal play on their home turf if Premier League proposals are accepted. Premier League's chief executive, Richard Scudamore unveiled a proposal for an international round of fixtures
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  • WORLD
    • 632 12  -  ANTHONY ROWLEY ECONOMY WATCH Bank will help region if drastic slowdown occurs, by changing 'lending priorities' WITH the US economy poised on the brink of possible recession this year, the dangers of economic shocks being transmitted to Asia via trade and
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    • 582 12 Bloomberg Pricey works sell near or below low estimates at auction [NEW YORK] Francis Bacon, Andy Warhol and Gerhard Richter, whose escalating prices lured collectors such as hedge fund manager Steven Cohen and jeweller Laurence Graff, may be less attractive investments as stocks slump
      Bloomberg; AFP, REUTERS  -  582 words
    • 332 12 Bloomberg [FRANKFURT] Deutsche Bank has posted a profit fall, smaller than analysts had predicted, in the fourth quarter unlike its competitors that were hurt by the US sub-prime mortgage market and reported record losses. Net income fell 48 per cent to 953 million
      Bloomberg  -  332 words
    • 432 12 NYT [WASHINGTON] Moving with uncommon speed, Congress gave final approval on Thursday to a US$l6B billion economic rescue package, including rebates for taxpayers and tax breaks for businesses. Lawmakers and President Bush hope this will set off a rush of springtime spending and spark
      NYT  -  432 words
    • 507 12 IHT Concerned about fading spending power of the Euro [LONDON] The price of bread has risen 12 per cent in Germany in a year. Butter has increased by 45 per cent. Milk is up 25 per cent. "And that's just your breakfast," said Holger Schmieding, an
      IHT  -  507 words

  • MOTORING
    • 801 13 The 599 GTB Fiorano is fast too, with the same massive Vl2 engine found in the limited-production Enzo, reports SAMUEL EE SO YOU'VE decided (belatedly) that you want an Enzo Ferrari but you just found out that all 400 of these limited-production cars have
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    • 657 13  -  C V CHEW By IN the 1980s, my dad had a BMW 323 i, which he was really passionate about because of its smooth straight-six engine and sporty handling. I finally understood why, when I drove the new 125 i Convertible in Valencia last weekend.
      657 words
    • 375 13  -  SAMUEL EE By IF YOU, like 99 per cent of the car-buying public, are driving a car with a traditional centre console with conveniently grouped controls, the Renault Grand Espace will seem like Galeries Lafayette in Paris on a Saturday afternoon. It is chaotic. Everything is
      375 words

  • GOLF
    • 1193 14 Gokarna's 18-hole course is the obvious choice for golfers wishing to indulge in some high-altitude fore-play, says GEOFFREY EU T HASN'T snowed in Kathmandu for decades but there was a definite mid-winter chill in the air one morning last week when I stood
      GEOFFREY EU  -  1,193 words
  • Page 14 Advertisements
    • 743 14 Wine&dine with weekendßT Chatterbox Chinese set dinner at iegends Garden ($lBB per Savour authentic Peranakan cuisine, served buffet-style. Restaurant for a scrumptious Churrasco buffet M couple), or a lovely five-course fine dining experience Breakfast: daily from 6am to 10.30 am. iunch: Monday accentuated by the unique tastes and flavours of
      743 words

  • WELLNESS
    • 1081 15 Top surgeon Dr Susan Lim tells MELISSA HENG how New Age medical robots are changing the way surgical operations are performed HAT has four arms and eyes that zoom, and a brain that processes medical information for hours on end without need of a break? Welcome
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    • 644 15  -  PARVATHI NAYAR By FITTING well into the current interest in customised skin-care products are the V-Solution 10 Series (V-10) from Japan that promise tailor-made formulations for individual skin. Each of the 11 V-10 skin supplements or serums formulated by a
      644 words
    • Article, Illustration
      339 15  -  CHEAH UI-HOON Organic skincare IF you've heard that SLS or Sodium Laureate Sulfate isn't good for the scalp, then the equivalent ingredient for skincare would be ingredients like parabens and mineral oil. Paraben can mimic the hormone estrogen, which is known to play a role in the development of
      339 words
  • Page 15 Miscellaneous
    • 236 15 CRYPTIC CROSSWORD ACROSS n l 12 —I r l r^ 1 ij —I rj I —I Found to have arrived (6,2) sive (11) I^H H possibly gains from military 9 Go effortlessly by bicycle to g—^ operations (9) 10 Student obtains a capital I^H than one way (6,2) place (5)
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  • SHOPPING
    • Article, Illustration
      968 16 Computer speakers are closing in on true audiophile quality, writes CHRISTOPHER LIM SPEAKERS for your computer or MP3 player used to be a huge step down from true audiophile quality. You bought them for convenience to amplify the sound of games, websites and MP3s and invested in another
      968 words
    • 1236 16 Parvathi Nayar Get a load of these Valentine's Day gift ideas for the discerning man, write CHRISTOPHER LIM and CHEAH UI-HOON YOU know how it is. It's Valentine's Day, and you have no idea what to buy. But there's a twist this year.
      Parvathi Nayar  -  1,236 words

  • PERSONAL SPACE
    • 1166 17 Swiss Nicole Cavalli, who is in wine business, and her husband 'enjoy every minute' in their bungalow near the crest of a hill overlooking a residential estate in Braddell Heights, reports GEOFFREY EU THERE are many things that Nicole Cavalli likes about being Swiss,
      JOHN HENG  -  1,166 words

  • THE BUSINESS TIMES weekend
    • 1098 18 Let confectionery do the sweet talking this Valentine's Day, suggests JAIME EE WHEN pastry chef Steven Ong was wooing the lady who was to become his wife, he did so with a level of seriousness that would put many a suitor to shame. Of course, it helped that
      JOHN HENG  -  1,098 words
    • 540 18  -  JAIME EE La Fromagerie by Edith Julien 5 Mohd Sultan Road, #01-01. Tel: 6732-6269 IF YOU want to avoid Valentine Day crowds and assembly-style set dinners, there is always the option to create your own celebration meal at home. Gourmet delis are all too
      540 words
    • 620 18  -  CHEAH UI-HOON By IN the F&B business, concept is everything and this notion is not lost on food court operators. Gone are cookie cutter food courts whose original premise was simply to offer hawker food in airconditioned comfort. As diners get more sophisticated, so
      JOHN HENG  -  620 words
  • Page 18 Miscellaneous