The Business Times, 23 June 2006
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2006-06-23
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The Business Times
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Title Section20 2006-06-23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://buslness-times.asia 1 .com.sg MICA (P) 099/03/2006 Friday, June 23,2006 miii iiiiMMHii ii20 words
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Article, Illustration619 2006-06-23 1 ROLAND LIM - Offer values Internet company at around US$l26m; shareholders' acceptance extended to July 10 By ROLAND LIM [SINGAPORE] Mediaßing yesterday sweetened its takeover offer for Nasdaqlisted Pacific Internet by raising the price 15 per cent from US$B.25 to US$9.5O a share. As partARTHUR LEE - 619 words
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Article137 2006-06-23 1 STI 2,359.55 (+29.95) ST INDEX FUTURES 2.360.00 (+30.00) SIMSCI 281.54 (+3.60) SIMSCI FUTURES 281.70 (+3.90) MARKETS Thursday Change KLSE COMP 900.47 +5.81 NIKKEI 225 15,135.69 +491.43 HANG SENG 15,826.70 +167.34 SET INDEX 659-32 +9.58 JAKARTA COMP 1,303.45 j+IPi 16 MANILA COMP 2,097.39 +39.62 SEOUL COMP 1,238.83 +11.64 SHENZHEN137 words
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390 2006-06-23 1 By OUR CORRESPONDENT in Bangkok THAILAND'S Shin Corp yesterday said that if its television unit ITV were found liable to pay fines, Shin's exposure would not be more than what it had put into ITV in paid-up capital. ITV, 53390 words
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Advertisement50 2006-06-23 1 WORLD CUP 2006 Another premature exit X* lor French? PAGE 15 mm m tomorrow THEBUSMESSTMB 1 f weekend 8 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asia 1 .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.50 words
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Advertisement8 2006-06-23 1 COMPANIES Key to Creative Tech's rebound PAGE 88 words
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Advertisement147 2006-06-23 1 CFO INTERVIEW SP Chemicals' Wira Tjendana on investor relations The ultimate I 1. I--. .1 I 11 it... K\.( id .-III!' t. ft, ,i .!< fM i' I .U- nt, ift m I I tli.i. tin ,1 ml,. n l,v il li "•<■ <■• il. I'.H- I tl. ""."it'' 1147 words
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Advertisement29 2006-06-23 1 ACCS Nokia exec pleads guilty to accepting bribes PAGE 4 C|l HBHkL IIRP MM Stylists to a the stars ;•>:' Singapore's high-end hair salons: it—jnd what doesn't ,v M. s29 words
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TOP STORIES
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Article, Illustration742 2006-06-23 2 SIOW LI SEN - Talk is that PCCW could make HK$7 a share payout to garner support By SIOW LI SEN [SINGAPORE] Long-suffer-ing minorities of Pacific Century Regional Developments (PCRD) may be in for a big payout going by speculation that its Hong Kong associate PCCWAFP - 742 words
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Article401 2006-06-23 2 Decision on LNG imports expected soon SINGAPORE is expected to decide soon possibly by the end of the month whether to proceed with a plan to import liquefied natural gas to fuel power stations. All signs indicate a yes. TOP STORIES, PAGE 3 Nokia exec fined for taking401 words
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640 2006-06-23 3 ANGELA TAN - HOCK LOCK SIEW By ANGELA TAN MEDIARING, led by executive director Koh Boon Hwee, yesterday raised its unsolicited takeover offer for Nasdaq-listed Pacific Internet by 15 per cent, from US$B.25 a share to US$9.5O a share in cash. The new offer is 19640 words
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675 2006-06-23 3 RONNIE LIM - Indications point to yes, final review being conducted By RONNIE LIM [SINGAPORE] Singapore is expected to decide soon possibly by the end of the month whether or not to proceed with its plan to import liquefled natural gas (LNG) to fuel power stations. All675 words
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Advertisement152 2006-06-23 2 Deoole Do we know r r you? (Register with us today) vvwvv.thepeopleatwork.com Asia-Pacific Executive Search H< 1 |MMM K:|A its P©ll'Ol ITfl3nC© will raise your heart rate, a The HAd I will raise your eyebrows. yi -Al^nßv f Jr .^MT Hk. /*rm I g r |p ■I 000&**** l mm!152 words
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Advertisement22 2006-06-23 3 Releasing your financial results? Call 1800 289 8822 or email notices@sph.com.sg to book your financial results in our newspapers now. »ATci^ notices22 words
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Advertisement130 2006-06-23 3 Sony Ericsson 1 mm ihi r s< Niij te Jk <w\l rlnH BBMPp*— 1 J I 1 1 I Vwr^ Hp BfIHHB Go places. Stay connected. The new M6ooi. r r.'M Fashionably dressed and feature-packed, the slim M6ooi is tailor-made for business on the move. Check your emails on the130 words
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COMPANY NEWS
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Article, Illustration583 2006-06-23 4 MICHELLE QUAH - He took bribes from ACCS to help it further its interests with his company By MICHELLE QUAH A SENIOR Nokia executive yesterday faced seven counts of corruption for accepting bribes including trips to KTV lounges, an expensive watch and a Thai holidayZAOBAO - 583 words
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233 2006-06-23 4 Reuters SINGAPORE investment company Temasek Holdings may raise up to U553.25 billion from an international bond as early as August, banking sources said yesterday. Investment banks are currently pitching for the deal in what would be Temasek's second international debt sale since it embarkedReuters - 233 words
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Article42 2006-06-23 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; v Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day42 words
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185 2006-06-23 4 ENVIRO-HUB Holdings, formerly known as Leong Hin Holdings, has unveiled plans for a $15 million copper smelting and refining plant at its Gul Way premises. The plant, for the smelting and refining of the metal from electronic wastes, will be set up185 words
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Article, Illustration565 2006-06-23 7 TEH HOOI LING - Company plans 2.5-cent dividend as sales grow, margins improve By TEH HOOI LING STAMFORD Tyres yesterday reported an 80.8 per cent surge in net earnings to a record $15.6 million for the year ended April 30, 2006, thanks to improvements on all fronts. As aFILE PHOTO - 565 words
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297 2006-06-23 7 UNTIL the completion of a clean exit which Raffles Holdings Ltd (RHL) is planning for shareholders, trading of shares in the company will not be suspended upon completion of the sale of Raffles City despite the transaction leaving the group with no297 words
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359 2006-06-23 7 CRYSTAL NEO - Deal will involve assembly and testing in Wuxi By CRYSTAL NEO STATS ChipPAC has entered into an agreement with China Resources Logic (CR Logic) for a strategic joint venture to assemble and test selected products in Wuxi. Under the deal, CR Logic's indirect359 words
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263 2006-06-23 7 KRITI SINGH - By KRITI SINGH SHARES in China-based property developer Yanlord Land Group, which started trading yesterday amid volatile global market conditions, closed at their issue price of $1.08. The mainboard stock, which was issued at the lower end of an indicated price range of263 words
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Article, Illustration428 2006-06-23 8 OH BOON PING - Successful incorporation of sound standards can lead to rebound By OH BOON PING THE key to Creative Technology's rebound may lie in differentiating its products through strong sound quality. Indeed, ABN Amro analyst Paul Lian told BT yesterday that "there could be surprises if Creative428 words
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486 2006-06-23 8 Bloomberg [KUALA LUMPUR] Over-sea-Chinese Banking Corp (OCBC), the smallest of Singapore's three lenders, may add more than four branches this year in Malaysia as it seeks to expand and tap growth in rural parts of the country, its sec-ond-biggest market. OCBC receivedBloomberg - 486 words
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COMPANY BRIEFS
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78 2006-06-23 8 A CEREMONY was held in Shanghai yesterday for the launch of Great Wall Airlines, a joint venture between China Great Wall Industry Corporation, Singapore Airlines Cargo and Dahlia Investments, a wholly owned subsidiary of Temasek Holdings. The air cargo carrier, which will operate78 words
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41 2006-06-23 8 FOLLOWING its recent share placement, Teledata said it had used up some $131,729 on expenses such as legal fees, financial advice and accounting. The placement, which was completed on June 14, yielded a net $590,190.41 words
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38 2006-06-23 8 BIOSENSORS International has completed its internal restructuring exercise. It now has a new wholly owned subsidiary, Biosensors International (France), which will be responsible for marketing and sales of Biosensors' products in France.38 words
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61 2006-06-23 8 FEDERAL International subsidiary Federal Hardware Engineering has exercised its option to convert part of a loan due from associate company KVC Co Ltd into 30,000 shares in KVC (UK) Ltd. Following this, Federal's shareholding in KVC UK will increase from 70 per61 words
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390 2006-06-23 8 Bloomberg SINGTEL, South-east Asia's largest phone company, plans to cut costs as profit margins come under pressure in the industry. The company plans to outsource "la-bour-intensive non-core" services including the maintenance of call centres and payphones, Allen Lew, chief executive officerBloomberg - 390 words
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Advertisement11 2006-06-23 4 Si HKIIIIITiHIIMIIIInnnwI 111 hi IFin in ll] 111* 11 r# 11111 words
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Advertisement262 2006-06-23 5 •sgtaw..': i% .SOMETIMES THE ROAD TO POWER IS PAVED WITtTtIRTOLD LUXURY. Mtfjjp |H villi "r ,p l;^^^p!^'^l' v if-*--- !^S" s: 7 |ffe 7 ?^t.A?^U:X\,r v:: f^s7; J -77«...: The Lexus OS3OO. In luxury and performance, the GS 300 cruises way ahead, in a class of its own. Its 228bhp262 words
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SINGAPORE MARKETS
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Article, Illustration533 2006-06-23 6 CONRAD TAN - STOCKS China plays including Hengxin, Bright World, China Essence and China Sun see heavy trading CONRAD TAN Reporter SINGAPORE investors got a taste of joy yesterday as the clouds cleared after a run of uncertainty due to inflation jitters and fears of a missileSource: Bloomberg - 533 words
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Article, Illustration454 2006-06-23 6 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights issues; OE: Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Jun 22 VALUE CLOSE BT OB/OS 403.00 +550.00 BT CADI -*****.00 +216.00 BT 10-day MA -*****.00 +40.00 All-SG454 words
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Article, Illustration895 2006-06-23 6 MATTHEW PHAN - Compiled by MATTHEW PHAN Midsouth Holdings Jum 22 dose: 50.5 cents CIMB-GK RESEARCH, June 22 INITIATING coverage. As a market leader' in niche fibreglass reinforced plastics (FRP) products, Midsouth offers exposure to the fast growing FRP market in China. Higher oil prices, metal prices and government energy conservationSource: Bloomberg - 895 words
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Article, Illustration555 2006-06-23 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE New Zealand dollar's fate as "2006's worst-per-forming OECD currency was reinforced yesterday after a record current account deficit for Q1 2006. In an otherwise quieter session for the US dollar in Asian currency trading, the stark contrast betweenSource: Reuters - 555 words
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Advertisement50 2006-06-23 7 J 'vi "j f If w Wv I P*!. --a.*. i, I i 'a 3 iti* I('h;i mj*i 1, s r Is L tt j'f |P| ff ■pHpr J iii Imt 'jlt> 'Ir*. w *a< N M I Hl™ -fV^mfKS&L V; j j j& R BIV ;Jj?A I I I50 words
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Advertisement182 2006-06-23 8 r B'*"Wiur Tit* 1 ,I r If v I f H Fv I j i il \*v x\' Hi t jju J J Answer these questions and you could win If P /Jjw How many foreign full banks arc operating In Singapore? I P "n J J A '.WW <fj-182 words
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THE CFO INTERVIEW
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Article, Illustration1387 2006-06-23 9 SIOW LI SEN - Careful planning and keeping costs low are key, SP Chemicals' chief financial officer Wira Tjendana tells SIOW LI SEN SIOW LI SEN EVERY time there is a share placement of a China stock, Wira Tjendana, chief financial officer of SP Chemicals, gets to hear about1,387 words
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SINGAPORE NEWS
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Article, Illustration548 2006-06-23 10 CHUANG PECK MING - It fears revaluation will lead to sudden spike in yuan and loss of jobs By CHUANG PECK MING CHINA will not yield to pressure from American trade protectionists to revalue the Chinese yuan against the US dollar and shift to a free-floatingDESMOND WEE/ST - 548 words
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238 2006-06-23 10 AS MANY as 200 golfers will tee off at The Business Times 4Vi-Club Golf Challenge at the Tanah Merah Country Club Tampines Course today to mark the 30th anniversary of The Business Times. The event is organised by The Business Times'238 words
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Article, Illustration475 2006-06-23 10 CONRAD RAJ - By CONRAD RAJ JAPAN'S recovering economy is providing increasing business opportunities for investment banks like ÜBS Investment Bank. As a result, the Swissbased bank's Tokyo office is appointing Sutha Kandiah as joint head with Katsumi Fujikawa of equity capital markets. Mr Kandiah, who has been475 words
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161 2006-06-23 10 AFP SINGAPORE and fast-rising Beijing signed a memorandum of understanding (MOU) on bilateral trade and investment yesterday, Singapore's trade promotion agency said. It is the first time the Bering Investment Promotion Bureau (BIPB) has reached such an agreement with a foreign nationalAFP - 161 words
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205 2006-06-23 10 MALAYSIA and Singapore are in talks to help frequent visitors from Malaysia move towards using a Malaysian international passport. The Malaysian Restricted Passport (MRP) will not be accepted by Singapore's Immigration and Checkpoints Authority (ICA) after the end of the month. Malaysia's Minister for Home205 words
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SINGAPORE ROUNDUP
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65 2006-06-23 10 SINGAPORE will be holding the 3rd Asia-Pacific Conference of Transducers and Micro-Nano Technology from Sunday to Wednesday. The conference, organised by Nanyang Technological University, will attract more than 400 delegates from around the world, to examine topics such as integration and miniaturisation of devices used65 words
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42 2006-06-23 10 MINISTER for Foreign Affairs George Yeo met with Cardinal Renato Raffaele Martino, Special Envoy of His Holiness Pope Benedict XVI yesterday. The two agreed on the importance of promoting a message of moderation and inter-faith understanding.42 words
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530 2006-06-23 11 NOOR AISHA - Construction of its third air-separation plant in S'pore begins Bv NOOR AISHA LIKE the gases that it deals with every day, National Oxygen (NOX) is naturally expanding, and South-east Asia is a key market for the Japanese-owned industrial gas producer. "Industrial gases, though invisible,530 words
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Advertisement281 2006-06-23 10 7 f It's known by many names, but a true whisky by any other name is still a Jack Daniel's, born and bred in Lynchburg Tennessee since 1866. Using pure cave spring water and a unique mellowing process perfected by Mr Daniel himself, one look at that gorgeous amber-hued bottle,281 words
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Advertisement161 2006-06-23 10 Jv 60 Reasons To Feast Again Savour delectable dishes in our popular *60 Dishes Deluxe Feast' such as Braised Shark's rin Soup with Crabmeat. Shredded Pork with Garlic Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Adult $35.80, Child $24.80 (Sat, Sun 8c Public Holiday) Dinner:161 words
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Advertisement3204 2006-06-23 11 >;ats NJOTICFS X Jl X JL L-J Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT SinGAPORE AIRLinES SINGAPORE AIRLINES LIMITED Co Regn No. *****0078R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Fourth Annual General Meeting of the Company will3,204 words
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Advertisement1016 2006-06-23 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SEARA FOOD ASIA PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****0789W) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims1,016 words
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Advertisement5467 2006-06-23 12 [*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. SAN REMO COFFEE HOUSE rE) LTD *****0489H 2. GOLDEN STAR NITE CLUB PRIVATE LIMITED Reg. No. *****0421R (AM In Members' Voluntary Liquidation)5,467 words
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Advertisement133 2006-06-23 12 In the Matter of the Companies Act, Cap. 50 And In the Matter of 1. CHIP SOON ENGINEERING PTE LTD (IN LIQUIDATION) (Company No.: *****0961W) 2. EYEWEARASIA PTE LTD (IN LIQUIDATION) (Company No.: *****2752Z) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the133 words
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Advertisement2850 2006-06-23 13 I O rmnr SMRT Coloration Ltd ■«fil li Incorporated In the Republic of Singapore Compwiyß«gtetmtlonNo:2ooool»ssH NOTICE OF ANNUAL GENERAL MEETING To: All Shareholders (b) the approval given in paragraph (a) above (the "General Mandate") shall, unless revoked or varied by the Company in General Meeting, continue in force until the2,850 words
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ECONOMY WATCH
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853 2006-06-23 14 Govt needs to raise cost of money to stem demand, alter exchange rate Bloomberg [SINGAPORE] The receding tide of global liquidity has left many emerging markets high and dry in the past month, but not China. The challenge facing the People's Bank ofBloomberg - 853 words
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337 2006-06-23 14 Reuters [BEIJING] China could let foreign banks take larger stakes in most domestic lenders than allowed under current rules within months, business lobby group head and former US commerce secretary Donald Evans said yesterday. Judging from exchanges with senior Chinese government officials,Reuters - 337 words
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289 2006-06-23 14 Reuters [KUALA LUMPUR] Malaysia will not be rushed into a free-trade deal by the United States and will refuse to sign an agreement that sacrifices its interests, the trade minister was quoted as saying yesterday. Malaysia and the United States,Reuters - 289 words
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Article, Illustration400 2006-06-23 14 Bloomberg [BEIJING] China's reform of its foreign exchange system has been conducted "smoothly" and monetary policies have helped maintain the currency's stability, the People's Bank of China said. "The government's success in carrying out stable and healthy monetary policy has helped uphold stability inBloomberg; REUTERS - 400 words
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Article, Illustration685 2006-06-23 14 Policy-makers are mindful of asset prices Reuters [NEW YORK] Currency and commodity markets suggest that the Federal Reserve probably is closer to the end of its tightening cycle than some banks and brokerages predict. In its fight against inflation, the US centralReuters; AFP - 685 words
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Advertisement78 2006-06-23 14 Educational Technologies is looking for sub-distributors for Time Life home-education products in Singapore. Internationally recognized brand! No franchisee fee or stocks required! •All sales material and training provided! Every parent is a potential customer! You need to have at least five years experience in direct sales, including recruiting, training and78 words
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WORLD CUP 2006
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Article, Illustration747 2006-06-23 15 MATTHEW PHAN - By MATTHEW PHAN tomorrow in our World Cup pdgoll With the World Cup moving into the knockout phases Singapore's former midfield maestro Leong Kbk Fann will give his take on the 16 teams left. Now vice-president and general manager of Ednovation Pte Ltd, he747 words
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Article, Illustration88 2006-06-23 15 [SINGAPORE] Painting the town red they aren't. Rather, the staff of Standard Chartered Bank donned their reds to back their chief executive Lim Cheng Teck in the build-up to tonight's key match between South Korea and Switzerland. Cheng Teck is one of 32 senior executives taking part inYEN MENG JIIN - 88 words
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Advertisement721 2006-06-23 15 Organised by The Business Times and Philips, it brings together 32 executives who have teamed up to help raise funds for Food from the Heart. Each executive has been assigned a team. And for every match the team plays, the executive will donate $1,000. "France have yet to get up721 words
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MALAYSIA/INDONESIA
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559 2006-06-23 16 PAULINE NG - Firm returns to normal trade but investigations are continuing Reports by PAULINE NG in Kuala Lumpur BUYERS piled into the shares of Malaysian smartcard and e-passport maker Iris Corporation after trading restrictions were lifted yesterday. Some 100 million shares of559 words
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Article, Illustration426 2006-06-23 16 MALAYSIA has toughened up the guidelines for companies seeking a listing on the main board of its stock exchange. Under new guidelines, domestic companies must have a market capitalisation of at least RMSOO million (Ss2l7 million) and an after-tax profit of RM3O millionAP - 426 words
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332 2006-06-23 16 [PASIR GUDANG, Malaysia] Asset-rich Keck Seng (M) Bhd plans to set up a real estate investment trust (Reit) in the next two to three years, says a report in The Starßiz. It quoted managing director Ho Kian Hock as saying that332 words
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417 2006-06-23 16 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur POWER, entertainment and gambling conglomerate Tanjong yesterday saw investors piling into its shares after it registered a firstquarter net profit of RMI27 million (5555.4 million), 47 per cent up from its preceding quarter. The results, announced417 words
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367 2006-06-23 16 [SINGAPORE] Indonesian bank Renaissance Capital has generated enough demand for its planned US$2.l billion loans needed to fund a coal mine acquisition from Bumi Resources, a source close to the matter said yesterday. The term loans, including a five-year US$l billion senior loan,367 words
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BRIEFLY ASIA
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64 2006-06-23 16 Bloomberg [NEW DELHI] Bharti Group, which runs India's biggest mobile-phone operator, said it will take about three months before it selects a partner for its retail venture. Bharti is in talks with Tesco Pic, Wal-Mart Stores Inc and Carrefour SA for starting theBloomberg - 64 words
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74 2006-06-23 16 Reuters [MUMBAI] India's Oil and Natural Gas Corp will invest 49 billion rupees (Ssl .7 billion) to set up a new petrochemicals complex in the southern city of Mangalore, a company official said yesterday. The plant, to be built in four years,Reuters - 74 words
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87 2006-06-23 16 Reuters [HONG KONG] Top Asian oil refiner Sinopec Corp said yesterday it is in early discussions to build a liquefied natural gas (LNG) terminal in the southern Chinese city of Zhuhai. Sinopec is vying with CNOOC Group, which is leading aReuters - 87 words
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85 2006-06-23 16 Reuters [BEIJING] China's steel industry in its first reaction to a 19 per cent iron ore price rise sealed this week —said the talks breached rules and some pending issues regarding higher Brazilian ore prices should be resolved. "We regret some actionsReuters - 85 words
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GREATER CHINA
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239 2006-06-23 17 Reuters [BEIJING] China should convert some of its foreign exchange reserves, the world's largest, into gold to hedge against weakness in the dollar, an official and an economist at the central bank wrote in an article seen yesterday. "Converting part ofReuters - 239 words
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447 2006-06-23 17 Reuters AP [SHANGHAI] Bank of China (BOC), the nation's No 2 commercial lender, yesterday said it was working with Royal Bank of Scotland (RBS) to set up private banking outlets in the country by year-end. "Royal Bank of Scotland is ourReuters; AP - 447 words
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260 2006-06-23 17 Bloomberg [FRANKFURT] Las Vegas Sands Corp, the US casino company controlled by billionaire Sheldon Adelson, said 200 retailers agreed to open stores in its malls on the Cotai Strip in Macau, the only Chinese city where casinos are legal. The retailers willBloomberg - 260 words
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424 2006-06-23 17 Real estate industry hit by graft scam involving official Reuters [BEIJING] Chinese President Hu Jintao ordered the sacking of a vice-mayor at a secret meeting to prevent political patrons from protecting him, a government source said yesterday, in a sign MrReuters - 424 words
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Article, Illustration491 2006-06-23 17 Limits on foreign investment in property planned to reduce speculation Bloomberg [BElJlNG] China plans to restrict purchases of real estate by foreign investors to reduce speculation and prevent a property bubble, a government official said. New rules defining what type of overseas investor can buyBloomberg; AFP - 491 words
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Advertisement512 2006-06-23 17 The Enterprise 50 aword programme, established" by Accenture and The Business Times in 1995, '******>+. recognises ihe contributions that local, privately t* *^^3988 pr held companies have made in economic mf? development at home and abroad. Enterprise 50 1 is jointly supported by the Singapore Eoonomic financial year must tall512 words
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INDIA
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Article, Illustration546 2006-06-23 18 Both parties turn to the courts to claim funds lodged for completing tie-up AFP [MUMBAI] The longawaited US$5OO million Jet Airways takeover of domestic rival Air Sahara collapsed yesterday amid a row over the price of India's largest airline merger, according to reports. AAFP - 546 words
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463 2006-06-23 18 Bloomberg [MUMBAI] Posco, the world's No 4 steelmaker, is threatening to abandon its proposed US$l2 billion project in India unless it is granted exclusive access to iron ore mines, a company executive said. Posco is planning a 12 million tonne-a-year plant inBloomberg - 463 words
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146 2006-06-23 18 Reuters [NEW DELHI] India's Cabinet yesterday approved the sale of 10 per cent equity each in Neyveli Lignite Corp and National Aluminium Corp (Nalco), the country's second-larg-est aluminium maker, Finance Minister Palaniappan Chidambaram said. The government holds 93.56 per cent of NeyveliReuters - 146 words
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237 2006-06-23 18 Bloomberg [MUMBAI] India has allowed non-state companies to import wheat and sugar, and banned exports of pulses, to stem an increase in prices of the commodities and curb inflation. Limited import of sugar has been permitted until September under the so-called "tariff rateBloomberg - 237 words
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Advertisement32 2006-06-23 18 PI THE B u, K TI 2 botlles of red/white wlno of your eholco ML** Wine Cooler Bog cwnpteto wHh ac c*ssoriM Call 6388 3838 now to subscrllw The Business Times Newsweek32 words
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ASIA-PACIFIC/WORLD
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471 2006-06-23 19 Commission finds it illegally hired small parties to run in April 2 elections AP Bloomberg [BANGKOK] The political party of Thailand's Prime Minister Thaksin Shinawatra was found yesterday to have violated the country's election law, which could lead to its dissolution andAP; Bloomberg - 471 words
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Article, Illustration553 2006-06-23 19 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo EMBATTLED Bank of Japan (BOJ) governor Toshihiko Fukui hung tough yesterday in the face of mounting pressure on him to resign over his controversial personal investments, saying again that he has no intention of quitting. ButAP - 553 words
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440 2006-06-23 19 Initial claims for jobless aid rise 11,000 last week Reuters AFP [WASHINGTON] The for-ward-looking index of leading economic indicators fell 0.6 per cent in May, further indication of a slowdown in the US economy, The Conference Board said yesterday. The decline was higherReuters; AFP - 440 words
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247 2006-06-23 19 AFP [SEOUL] The parent group of Asiana Airlines was selected yesterday as potential buyer for Daewoo Engineering and Construction in an auction that could change the face of South Korea's construction sector, officials said. Creditors picked a consortium led by Kumho Asiana GroupAFP - 247 words
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371 2006-06-23 19 Bloomberg [NEW YORK] Morgan Stanley shares rose the most in more than a year after chairman and chief executive officer John Mack gave investors everything he said he would, at least in the latest quarter. Morgan Stanley had record revenue andBloomberg - 371 words
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Article, Illustration496 2006-06-23 19 Bloomberg [NEW YORK] A top US securities industry regulator has raised concerns about global stock market mergers saying consolidation of world stock exchanges may make monitoring trading and listed companies more difficult, jeopardising investors. "With market globalisation promising such an abundance of benefits, what couldBloomberg - 496 words
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Article, Illustration520 2006-06-23 19 Bloomberg [NEW YORK] Henry Paulson, the nominee for US Treasury secretary, will sell his Goldman Sachs stake under an agreement with the Office of Government Ethics, a White House aide said on Wednesday. Mr Paulson, chief executive of Goldman, owned its 3.23 millionBloomberg; AP - 520 words
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AVIATION
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Article, Illustration517 2006-06-23 20 Some European, US airlines asked to assist but they say they're not targets Reuters [LONDON] UK authorities have raided British Airways pic as part of a joint investigation with the US into an alleged cartel over passenger ticket pricing which sawReuters; BLOOMBERG - 517 words
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382 2006-06-23 20 Reuters [HONG KONG] Air China Ltd will pay US$4l4 million to buy out a Hong Konglisted unit and expand its direct stake in Cathay Pacific Airways Ltd, the latest twist to a multi-billion dollar merger that will shake up the sector. China'sReuters - 382 words
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327 2006-06-23 20 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] In a move which takes the Jetstar group another step closer towards interlining, the Qantas-controlled group which includes Singaporebased Jetstar Asia and Valuair has signed up to a common Global Distribution System for ticket bookings. Starting yesterday, travel327 words
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268 2006-06-23 20 Reuters [PARIS] The French government's financial arm, the Caisse des Depots Consignations (CDC), has expressed concerns over the recent share price collapse at Airbus parent EADS, a source close to the CDC said yesterday. The source added that the CDC was also considering takingReuters - 268 words
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216 2006-06-23 20 Bloomberg [DALLAS] United Airlines flight crews sued the Air Line Pilots Association for blocking non-union members from selling lucrative rights to company stock they received during the airline's recent bankruptcy. The suit on behalf of 200 pilots and flight engineers said United andBloomberg - 216 words
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519 2006-06-23 20 Move follows govt plan to close Don Muang in Sept By OUR CORRESPONDENT in Bangkok THAI Airways International has decided to scrap its plans for a low-cost airline after the Thai government decided to close the operations of its incumbent airport, Don519 words
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Article400 2006-06-23 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), 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:400 words
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SHIPPING
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Article, Illustration1407 2006-06-23 21 Industry resists Greenpeace call for decontamination at ships' home ports AP [ALANG, India] When the big ships come to Asia to die, they often take lives with them. Upendra Shethi knows. He was one of an army ofAP - 1,407 words
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263 2006-06-23 21 AP [ALANG, India] Want to buy a lifeboat? How about a ballroom chandelier or soap once offered to passengers of a cruise ship? The dusty markets in the west coast town of Alang are full of maritime souvenirs, salvaged from cargoAP - 263 words
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318 2006-06-23 21 Reuters [OSLO] Shares in Norwegian oil tanker group Frontline leapt nearly 9 per cent yesterday after director Tor Olav Troim made bullish comments at a New York shipping finance conference on Wednesday, analysts said. Frontline traded up 7.1 per cent at 235 crownsReuters - 318 words
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703 2006-06-23 21 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR FORFEITURE provisions under Australian laws for illegal fishing not only entitle the government to seize a vessel, its equipment and catch, but also any bunker fuel to the exclusion of the rights of the supplier703 words
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Page 21 Advertisements
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Advertisement26 2006-06-23 21 Lianhe Zaobao I Disney counting I I animated I I characters I I to grab a slice of I I China's I Irnooncake I I I26 words
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EDITORIAL & OPINION
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518 2006-06-23 22 EDITORIAL AFTER the US central bank announced its 16th consecutive quarter per cent rate hike on May 10, there was a widespread view that short-term US interest rates could have finally reached a cyclical peak. But a lot has changed518 words
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Article, Illustration1011 2006-06-23 22 LEON HADAR - Some US economists now say expanding global trade does not require new agreements LEON HADAR Washington Correspondent MORE than four years after the launch of the Doha Round under the auspices of the World Trade Organisation (WTO), with its goal of continuing to remove tradeAFP - 1,011 words
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Article, Illustration816 2006-06-23 22 DAVID MASON - THE BOTTOM LINE DAVID MASON IN the UK, June is traditionally the month when journalists find offbeat stories to fill their copy. However, being World Cup year, most of the newspapers are being hysterical about the England football team. It is so816 words
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Article, Illustration1363 2006-06-23 23 JOSEPH KAHN - wouldn't be worth as much, Chinese graduates know and that's why they're hopping mad about a 'deception' By JOSEPH KAHN NYT SHENGDA College in central China has a diverse curriculum, foreign faculty members to teach English and a manicured campus, where weeping willows shadeNYT; AFP - 1,363 words
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156 2006-06-23 23 John Gollifer - LETTER TO THE EDITOR John Gollifer Head, corporate communications and investor relations Singapore Exchange Limited WE refer to the letters, "S'pore companies need to speed up payout schedules" by GN Setty (BT, June 13) and "SGX should look into firms' tardy payouts" by156 words
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Article, Illustration713 2006-06-23 23 SARITHA RAI - By SARITHA RAI International Herald Tribune FOR decades, dealing with India's Customs Department meant enduring interminable bureaucratic delays and the stench of corruption. It was an unpleasant but unavoidable cost of doing business. But as import and export volumes soar and the country stakes a claim asInternational Herald Tribune; BLOOMBERG - 713 words
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Page 23 Advertisements
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Advertisement103 2006-06-23 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Article1821 2006-06-23 24 52-Wk Tel Last Vol Day LastQwrte GrDiv Mv GrYM Net MCap ligh Low Coda Company Sate W- 000) High Low lnyr Sa»ar Cw P<t Soil 8 1.5 3222 LKN-Primefield 5c 3.5 3.5 4 10.6 23 103 64 5 3152 LMAUSO.OIc 71 535 71.5 70.5 70.5 71 10 4121,821 words
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Page 24 Advertisements
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Advertisement35 2006-06-23 24 Trade from 20% deposit {5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges35 words
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Article3425 2006-06-23 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In total curr In S$ Hi USt dy yr dy Syr dy Syr Jun21 lnd«x Change Change Change Change Change Change Tht World Index 9613 0.7 -a9 0.7 -2.5 0.9 1.9 tEAFE Preliminary 955.1 0.1 -1.9 0.2 -OS 0.4 3.6 Europe Preliminary 128S.23,425 words
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Page 26 Advertisements
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Advertisement1232 2006-06-23 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TUJ/NAN SEAFRIEND CAM/NFK/SAV/NOL YOU YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EVB.E.A. SERVICE Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,232 words
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Advertisement636 2006-06-23 26 pr\ PONGNmil^ Vissa (TVHTY SUN) VOY [~S» HKG KOTA HAJfTA HTM SI 2S/M M/M KOTA HADUH HU2I7 M/ 07 M/ 07 KOTAHAAMUW HMI3OI W/07 IS/17 VBSE (FVHTf SUM) VOY SOP IK 11V IK UK MUMMY 4117) IS/0* M/M 81/17 04/97 04/07 MOtUMTY ***** 02/07 04/17 10/07 11/07 11/17 MOIFOfTUK Ml636 words
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Advertisement720 2006-06-23 26 limwM* »oto Mwia ~1 VBSa/VOT tMrom HBCHKM) W6 KM LP 5 KT STUnSVWTUK 11/04 1$ 3.1 22/06 25/0* 29/04 02/07 04/07 STMnSVßmitt 12/04 IS 3.2 04/07 W/07 11/07 14/07 11/07 ISmUTSVEWTUtt ia/04 I IS I 12 20/07 2V07 27/07 02/0» 04/01 vßsa/voY [Mwromi womwi 1a sw an stp m mm720 words
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Page 27 Advertisements
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Advertisement1423 2006-06-23 27 WAN HAI INTERNATIONAL Plf LID at Wk 146W*****/I VrrA *****1 II A I HL:*****588 (14INKS) FAX:*****163 VAN > WAN HAI I INF\ DMUm-(1MX»*****200 Y 11V lIHII llfll LIIILJ PKLIH: (13) 3346 MM FAX: |03) *****2 M PfM 1R: (04) *****00 FAX: (*****94M9 fImRMMMMH SUITH: (0311 J*****5 FAI (0311 *****14/ J*****51,423 words
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Advertisement985 2006-06-23 27 |Tjn EASTERN CAR LINER, LTD j SPECIALIZE IN RORO t HEAVY UFT UPTO 450 TONS WTIA-ASIA sarvia I vor I R«f I IM* ISM I PCU I KUN) MOW PNM JKT ICB I MUA SUB I UTG I RTU GOLD MENAM 711 40 122 I 23/06 I HffiT" 2f/0* MAS985 words
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Advertisement803 2006-06-23 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VPSB. VOT SW PJtLAMG COUMMO N. SHIVA COLOWQ liumifiui MUL HiIDL QHII QMD 2LM DZJI INDIU 6AWPHI OIOSW 11 JUL IfJUI 23 JUL 26 JUL 30 JUL FOR MAMVU ALSO ACCEPTMG TUTKORW (13/7/06) t MUNDRAI7/7/06 ALSO803 words
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Page 28 Advertisements
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Advertisement755 2006-06-23 28 MWKM Li J IK \ru liJ W:65-*****907f0e*****917 P Qfl Nordana (Asia) rte Ltd unMvMum 70 Sh—tow Way, *21-03 Mariwo H—s* Sifpf> *****1 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL PATES Stt I VOY 1 a T* of 1 Fr ltb 1 —Hsem rwlrQdwi755 words
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Advertisement617 2006-06-23 28 BeS araar ww ~wm wyg \fumu w» lsvay iifa M =&=—la l||i=^!E^=^|= mmMMMEMmm ■■bbebpdbsiip Bbp —Bk \fflm ifi? llf/tt IWI BS>I I mm -irr-=° aiz IB lauiif Itli I "III" VBSa VOY SM POtT KUN6 OCTTAfiOMG 'jlPrB PAC MAKASSAR tT/L liyL i/yL i./iu .."V .JyL .Jfo Ay. tt/04 M/ot ?/fIH617 words
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Advertisement386 2006-06-23 28 CONVENTIONAL SERVICE CHENNAI/CHTO 03 JULY COLOMBO 05 JULY BOMBAY/DUBAI 11 JULY DAMMAN 11 JULY Fm GLORY NAVIGATION GfIOUPI I I SUKi 1970 I I OWNS A OPERATES THf YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVIIUNO I THE ENTIRE ASIA PACIFIC PORTS I B RIOULAJt WIIKLY SdtVKIS: IKAOHSIUNO386 words
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THE BUSINESS TIMES SHIPPING TIMES
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BOOKS
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Article, Illustration968 2006-06-23 30 PARVATHI NAYAR - John Gribbin, who has just written his 100th book, talks to PARVATHI NAYAR about science, books, and the popular Schrodinger's Cat PARVATHI NAYAR JOHN Gribbin, popular writer of the seminal popular science book on quantum physics, In Search of Schrodinger's Cat (1984), has just written his 100 th968 words
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Article, Illustration535 2006-06-23 30 A fortnightly listing of the latest books available in S'pore NON-FICTION Freedom Next Time by John Pilger ($28.35) Pilger uncovers the secrets and lies that exist in our current economic system where millions are subjected to poverty. The Secrets Of Judas by James M Robinson ($35.70) Robinson takes535 words
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Article, Illustration1312 2006-06-23 30 POPULAR science books cover a variety of subjects from wha happens in cells deep within our body to the trajectory of stars in deep space. Such books have a strong following out there, and the reasons are varied. It could arise from a genuine interest in1,312 words
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Page 31 Advertisements
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Advertisement279 2006-06-23 31 s Whatever your view on the finer things in life, iHffij LjHhHH||9 have it all with the HSBC Platinum card. .•v-True privilege is about having choices. With your HSBC Platinum card, you can expect nothing .;f;V I ,ess (t ,ets Y° u indulge in the best of what life has279 words
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CINEMA
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Article, Illustration584 2006-06-23 32 PARVATHI NAYAR - The Road to Guantanamo is one of the worst indictments of how far the US has strayed from being the good guys on the international stage, says PARVATHI NAYAR PARVATHI NAYAR WITH the recent suicides at Guantanamo, the subject of The Road to Guantanamo is both a topical584 words
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Article, Illustration311 2006-06-23 32 PARVATHI NAYAR - DVD By PARVATHI NAYAR WRITER-DIRECTOR Thomas Bezucha tries to convince us without much success that bad behaviour and impoliteness are a rich vein to tap into for moments of great humour, in his Christinas family comedy The Family Stone. When Everett Stone (Dermot Mulroney)311 words
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Article, Illustration525 2006-06-23 32 NOOR AISHA, SWATI CHAUDHARY - By NOOR AISHA, SWATI CHAUDHARY KRRISH, the latest offering by Bollywood director Rakesh Roshan, is believed to be the first Indian movie that details the life of a superhero. The title character, played by Roshan's son Hrithik, is given superpowers by an alien.525 words
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Page 32 Advertisements
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Advertisement149 2006-06-23 32 Dopod Enjoy Mobility I Dopod S300 A class of its own. Packs everything a mobile phone should. In 15.8mm. Sleek, powerful and versatile. The Dopod S300 encases music and video playback, push mail, mobile office and mobile organiser in a compact body just 15.8mm thin. For a seamless blend of149 words
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Page 32 Miscellaneous
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Miscellaneous182 2006-06-23 32 CRYPTIC CROSSWORD misery (4) complaint (14) DOWN 8 Question worker about side- YESTERDAY'S SOLUTION 1 They are plain sounding long glance (6) Across: 1 Resistant, 6 Salvo, 9 champagne's (7) 13 Suave Edna O'Brien became Gaudier, 10 Attribute, 11 Impaled, 2 Pelt of domestic animals disorganised (10) 12 Citadel, 13182 words
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ARTS/WINE
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Article1067 2006-06-23 33 N K YONG - Debates on which is the wine of Bordeaux 2005 are exercises in futility, says N K YONG as he tastes more First Growths of that vintage N K YONG First Chateau Margaux 2005 Black-purple red, opaque. Very closed on nose initially, opened up with airing to1,067 words
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Article, Illustration564 2006-06-23 33 PARVATHI NAYAR - S'PORE ARTS FESTIVAL By PARVATHI NAYAR FOLEY opera. Live radio play. Aural theatre. It's hard to pin a label on the work titled Phobia by Australian group Chamber Made Opera. Ostensibly, Phobia is about the creation of a soundtrack to an imaginary film, but in practice564 words
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Article, Illustration373 2006-06-23 33 AARON LYE - MUSIC By AARON LYE FORT Canning Park looks set to once again play host to throngs of music buffs as the Womad world music festival returns to Singapore for the ninth year to celebrate the best of international bands, singers and a373 words
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Article, Illustration398 2006-06-23 33 NOOR AISHA - By NOOR AISHA THIS weekend, come celebrate the closing of the Singapore Artsfest with K@osmos. an award-winning production by Spanish group Puja!. "It's going to be very spectacular; the audience is going to see something very abstract and poetic," says Sara Serrano, Pujal's inter-, national representative.398 words
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executive lifestyle
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572 2006-06-23 34 jaime ee - off the cuff jaime ee SINGAPORE may, as the T-shirts say, be a fine city. But we are also a much maligned city, with many international surveys done to prove what unfriendly, discourteous, greedy and politically oppressed people we are. Is it any wonder then,572 words
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Article, Illustration1285 2006-06-23 34 CHEAH UI-HOON looks at the latest wave in the hair salon business where hairst ylists play up the celebrity angle to attract new clients IN the image-driven hair industry, it does appear that the more stars you see (and do), the better it is for business. AndSAMOER FAIR - 1,285 words
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Page 34 Advertisements
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Advertisement7 2006-06-23 34 TB books John Gribbin: s||. Science's evangelist7 words
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