The Business Times, 18 August 2006
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2006-08-18
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The Business Times
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Title Section20 2006-08-18 1 THE BUSINESS TIMES mmth ANNIVERSARY Jb Friday August 18,2006 MICA (P) 099/03/2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com^g20 words
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Article, Illustration710 2006-08-18 1 GEORGE JOSEPH - Grandson of late Y K Pao sinks roots here with family By GEORGE JOSEPH [SINGAPORE] The scion of a leading shipping family has quietly taken up residence here and has been guiding a major portion of the operations of one of the world's biggest710 words
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Article133 2006-08-18 1 STI 2,470.65 (+17.22) ST INDEX FUTURES 2,465.00 (+17.00) SIMSCI 293.81 (+2.23) SIMSCI FUTURES 294.00 (+2.80) MARKETS Thursday Change KLSECOMP 942.08 +4.10 NIKKEI1225 1 6,020.84 -50.52 HANG SENG 17.373.05 -77.98 SET INDEX 709.01 -3.06 JAKARTA COMP Closed MANILA COMP 2,345% +2.45 SEOULCOMP 1,327.78 +12.17 SHENZHEN B 288.99 -1.52 MUMBAIIND133 words
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920 2006-08-18 1 WEE-LI-EN - Setting up of 2nd law school, allowing hiring of top foreign lawyers among measures By WEE-LI-EN [SINGAPORE] The government will introduce sweeping measures to boost the supply of lawyers, in a bid to position Singapore as a world-class centre for legal services.920 words
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Page 1 Advertisements
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Advertisement10 2006-08-18 1 NEW LISTINGS London's AIM the popular choice page 5 X%10 words
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Advertisement31 2006-08-18 1 ■H EXEC LIFESTYLE A positive take on S'pore film industry HHHIH PAGE 30 RAFFLES CONVERSATION n*r- §v jii HB |t||_M^^|nJ Citigroup Global's Deepak Sharmaon trusted financial advisers. In BT tomorrow 831 words
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Advertisement26 2006-08-18 1 J THE CFO INTERVIEW Not just a numbers person page 7 TRADE Asean to abolish most electronics tariffs page 2 Till I |||TpT w^m///f m Jtm >26 words
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TOP STORIES
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Article, Illustration639 2006-08-18 2 DANIEL BUENAS - By DANIEL BUENAS [SINGAPORE] Singapore Management University (SMU) hopes to welcome its first cohort of law students in August next year, but incumbent National University of Singapore (NUS) does not see the proposed new law school as a threat. SMU submitted639 words
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Article, Illustration495 2006-08-18 2 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Growth of Singapore's key non-oil domestic exports (NODX) eased to a disappointing 8.4 per cent in July from a year ago the second sin-gle-digit monthly growth this year pulled back by weaker shipments of electronics and drugs.Source: IE Singapore - 495 words
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532 2006-08-18 2 PAULINE NG - Move comes as the region seeks to regain its competitive edge By PAULINE NG in Kuala Lumpur TARIFFS on most of the electronic products traded between the six original Asean members will be abolished by January as the region seeks a competitive advantage532 words
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Article605 2006-08-18 2 Wrsma Atria faces body blow from 1 -yr closure of MRT link THE heat is on Wisma Atria and its 74 per cent owner, listed Macquarie MEAG Prime Reit. The mall next to Orchard MRT Station could soon lose at least for a year or so its default605 words
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Article, Illustration743 2006-08-18 4 KALPANA RASHIWALA - Passage to be sealed to facilitate piling for Orchard Turn: sources By KALPANA RASHIWALA [SINGAPORE] The heat is on Wisma Atria and its 74-per-cent owner, listed Mac-. quarie MEAG Prime Reit (MMP Reit). BT understands the mall next toYEN MENG JIIN - 743 words
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505 2006-08-18 4 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Two in three employers in Singapore feel no obligation to help workers save enough for retirement, despite more workers looking to employers to fund their healthcare and retirement costs as the workforce ages,505 words
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Page 2 Advertisements
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Advertisement26 2006-08-18 2 -j,mi I." inr I 1 ***** (|Va.-< L-. SUMMER PALACE AT THE REGENT SINGAPORE PRESENTS: ■fcTHE ESSENCE OF Rchinese HERBAL Hk Bfc 11 i 11 i26 words
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Advertisement17 2006-08-18 2 Give yourself people a b y reak Call us. •.ww thep>:opiH.itwoik com Asia Pacifii L <ecutive St-aich17 words
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Advertisement1265 2006-08-18 3 3^S~S~S J W—WW^—l^^Nl J r »T _y SK ThKJBI idW^^^Baifelfc-l^ffig^^#. 1 j*m- 1 SB /1 SS |j BTjjß BE?!s?^^s (Constituted in tha Rtpubßc of Singapore pursuant to a 6 February 2004 (at «rwndad)) I 1 I H I A I|| I [Tj Managed by B M I I I 11111,265 words
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Advertisement45 2006-08-18 4 cr i 3?> o fc -D E ■d0P rm V 7/ I i GEAR UP AT: Adidas Crumpler Fitness First Kettler Mizuno Motion Sports Nike Pan West The Planet Traveller World of Golf World of Sports Jf 290 Orchard Road Singapore *****9 Tel: 6738 553545 words
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COMPANY NEWS
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898 2006-08-18 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN THE marketing sounds good. Together with insurer unit Great Eastern Holdings, OCBC Bank calls itself one of the top three consumer financial services providers in the combined Singapore-Ma-laysia market. Yet, however one cuts it, whether by assets,898 words
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667 2006-08-18 5 TEH HOOI LING - Sesdaq has eight additions in 2005 versus AIM's 378: Grant Thornton By TEH HOOI LING LONDON'S Alternative Investment Market (AIM) remains the overwhelmingly popular listing destination for emerging companies of the world, attracting more than half of emerging companies which went public667 words
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478 2006-08-18 6 CHEN HUIFEN - Acquisitions to help company recycle scrap metal for S-E Asian car industry By CHEN HUIFEN A MONTH after completing its takeover by Advance SCT, scrap metal recycler Green World Holdings yesterday said it is buying two Malaysian firms in a reverse takeover478 words
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392 2006-08-18 6 ROLAND LIM - By ROLAND LIM SINGAPORE-BASED regional telecommunications service provider Pacific Internet (PacNet) yesterday reported a 64 per cent drop in sec-ond-quarter net profit to US$O.6 million, as it took a US$l.2 million charge to its Mediaßing takeover offer. The Nasdaq-listed company said the392 words
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238 2006-08-18 6 Bloomberg [SINGAPORE] Advanced Info Service pel, Thailand's biggest mobile-phone operator, plans to sell as much as 13 billion baht (***** million) in bonds this month to fund its network expansion and repay due debt. The Bangkok-based company will sell 11Bloomberg - 238 words
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Article, Illustration798 2006-08-18 6 MICHELLE QUAH - By MICHELLE QUAH THE chief executive of integra2ooo, Kwok Kah Kie, has told BT he is not afraid of shareholders who want to oust him and continues to up his stake in the company. Mr Kwok has sent a personal letter toFILE PHOTO - 798 words
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309 2006-08-18 6 Reuters [SINGAPORE] Singapore property trust Frasers Centrepoint Trust is planning to raise about $300 million from the sale of mortgagebacked securities next month, sources told Reuters yesterday. The asset-backed fiveyear bonds will be used for working capital and for capital management, oneReuters - 309 words
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Advertisement129 2006-08-18 5 Terms Conditions: Prices stated are per person for a round trip Business Class to Los Angeles and New York for travel out of Singapore from 14 Aug. The return travel and hotel stay must be completed by 30 Oct 06 Bookings are to be made from 14 Aug 12 Sep129 words
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Advertisement24 2006-08-18 6 btbsuv; < j Celebrate BT's 30 th anniversary with $30 delights at The Marina Mandarin I H Ik mKM m Wth The Business Times JD24 words
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THE CFO INTERVIEW
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Article, Illustration1263 2006-08-18 7 CHUANG PECK MING - HTL's financial controller Siew Peng Yim tells CHUANG PECK MING how he helped his company become more transparent to investors CHUANG PECK MING LIKE they say, show me the numbers. After all, who can quarrel with numbers being the clincher in a key decision orYEN MENG JIIN - 1,263 words
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Advertisement120 2006-08-18 7 JV Y I V V A 9B I THE STRAITS TIMES I A M A I PrimeN#ws I fl ttet btcfc on Owwwrtcrtlprn I I/ I II ifJ[M]f/ *M I O SMS "sphnews"to ***** I I 1 I 0 You'll receive a cost-free SMS I I message with WAP link120 words
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SINGAPORE MARKETS
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Article, Illustration511 2006-08-18 8 R SIVANITHY - STOCKS Uncertainty continues with Fed-watching still determining stock trading strategies R SIVANITHY Senior Correspondent HOPES of a recovery in the tech sector yesterday boosted semiconductor stocks in a session where trading strategies continued to be dictated by guesses as to what the Federal Reserve mightSource: Bloomberg - 511 words
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Article, Illustration997 2006-08-18 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 17 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell 000 Shr ('000) C000) Sea View 17-Aug-06 Serge Pun SA *****1 0.55 0 0.00 *****1 62.85 HG Metal 17-Aug-06 Tan997 words
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Article, Illustration983 2006-08-18 8 MATTHEW PHAN - Compiled by MATTHEW PHAN OCBC Bank Aug 17 dose: $6.40 CIMB-GK RESEARCH, Aug 17 THE Great Eastern (GE) offer ends with OCBC taking its stake up to only 87.1 per cent. The lack of acceptances was somewhat disappointing. OCBC had 83.5 per cent of GE before it madeSource: Bloomberg - 983 words
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Article, Illustration563 2006-08-18 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar continued to chalk up painful losses in Asian trading yesterday after a trio of softer-than-expec-ted July numbers were released for the US economy overnight. When combined with an unusually large surge in the Chinese yuan forSource: Reuters - 563 words
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SINGAPORE NEWS
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534 2006-08-18 9 MATTHEW PHAN - By MATTHEW PHAN THE rules on reproducing the Singapore currency for advertisements and publications have been relaxed, the Monetary Authority of Singapore (MAS) said yesterday, as part of its overall aim to regulate with a lighter touch. As part of the changes, partial depictions of534 words
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316 2006-08-18 9 DANIEL BUENAS - By DANIEL BUENAS IN a move aimed at enhancing its standing as a research institute, the National University of Singapore (NUS) has launched eight prestigious professorships totalling $40 million in endowments as part of its centennial celebrations. The eight NUS Centennial Professorships, each endowed at316 words
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Article, Illustration263 2006-08-18 9 OWNERS of two residential developments on Cavenagh Road are joining forces to sell their apartment buildings as one large collective en bloc sale site. The owners of the 60unit Clemenceau Court have decided to launch their site next for263 words
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SINGAPORE ROUNDUP
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57 2006-08-18 9 AN AMENDMENT to clarify Singapore's current double-taxation agreement with New Zealand entered into effect yesterday. The amendment will help promote the flow of expertise between the two countries by removing the double taxation of services. The full text is available on the Inland Revenue57 words
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68 2006-08-18 9 THIS year's Green Transport Week starts on v Sunday. During the week, which is organised by the Singapore Environment Council, motorists will be encouraged to opt for fuel-efficient vehicles or public transport. To plug the green message, there will be exhibitions, an Amazing Race-like68 words
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51 2006-08-18 9 THE inaugural Singapore-Malaysia Ministry of Transport Games 2006 will be hosted by Singapore today and tomorrow. The games are planned to be held annually tb allow the two transport ministries to interact through sporting activities. Malaysia will send a 46-member team to Singapore for the51 words
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66 2006-08-18 9 THE Feedback Unit announced the members of its newly created Feedback Supervisory Panel yesterday. The panel, appointed for a two-year term, is tasked to find better ways to engage Singaporeans beyond giving feedback. It has 21 new faces out of 24, is headed66 words
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Article534 2006-08-18 9 AMIT ROY CHOUDHURY - David Miller is president of Lenovo Asia, to be based in Singapore By AMIT ROY CHOUDHURY LENOVO Group, the world's third largest computer maker, has hired two executives to head the company's operations in Asia and Japan from its rival the world's largest534 words
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391 2006-08-18 9 VEN SREENIVASAN - By VEN SREENIVASAN A SIZEABLE number 65 per cent of the 1,701 note-holding members of Raffles Marina Ltd (RML) have become shareholding members of Raffles Marina Holdings (RMH). RML yesterday said 1,104 shareholders of RMH had signed up to the user agreement to391 words
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Page 9 Advertisements
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Advertisement851 2006-08-18 9 >AT^ NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 101 of 2006/ C In the matter of the Companies Act, (Cap 50) In the Matter of EAMACO SHIPPING CO PTE LTD UNfTB)TMBERTRADERS ...Plaintiffs And EAMACO SHIPPING CO PTE LTD (RCB NO. *****2877 D) Defendants851 words
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Advertisement524 2006-08-18 9 Ib The Matter Of The Companies Act, Cap. 50 Aad la The Matter Of TECHJUCH ENTERPRISES PTE LTD (In Creditor!' Voluntary Liquidation) (Co. Re*. No. 1994M357G) Notice of Resolution At an Extraordinary General Meeting of the member* of the abovenamed Company duly convened and held on the 14th day of524 words
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ECONOMY WATCH
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Article, Illustration495 2006-08-18 10 NEIL BEHRMANN - 'Fear factor' will ensure oil prices remain high, says economist By NEIL BEHRMANN in London THE price of crude oil will rise to US$BO a barrel by the end of the year despite the Middle East ceasefire, according to consensus forecasts. A surveyAFP - 495 words
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303 2006-08-18 10 AP [BEIJING] China has reprimanded officials in the Inner Mongolia region for building an unauthorised power plant and warned others against similar projects amid attempts to cool the overheated economy, state media said yesterday. The warning was issued on Wednesday during a meetingAP - 303 words
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Article, Illustration829 2006-08-18 10 Panic for gold seen as dollar runs into major trouble Reuters [NEW YORK] Richard Russell is feeling like less of a loner these days. The founder and scribe of the Dow Theory Letters. which examine stockmarket trends, has been warningReuters; AP - 829 words
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Page 10 Advertisements
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Advertisement1592 2006-08-18 10 :#iATCi NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRADE CENTRE SYSTEMS HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 47 Hill Street #05-01, Singapore1,592 words
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Advertisement650 2006-08-18 10 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF RAFFLES CORPORATION (USA) PTE LTD (In Members' Voluntary Liquidation) (Company Registration No. *****0352N) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant to Section650 words
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MALAYSIA/INDONESIA
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Article, Illustration504 2006-08-18 11 Move will come when earnings are sizeable and sustainable: CEO [PETALING JAYA] IJM Corp Bhd may consider listing its Indian unit during the fiscal year ending March 31, 2008, The Star reported chief executive officer and managing director Krishnan Tan as saying. "The business504 words
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Article, Illustration1066 2006-08-18 11 PAULINE NG - It is at the top of Mesdaq and meets Main Board criteria By PAULINE NG in Kuala Lumpur PUAN Chan Cheong strongly believes he's in possession of a radical disruptive technology. The group managing director and chief executive officer of Green Packet (GP) has1,066 words
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261 2006-08-18 11 Bloomberg [JAKARTA] The Indonesian government is seeking the Supreme Court's opinion before it changes a rule that would allow state-run banks such as PT Bank Mandiri, the nation's biggest lender, to forgive part of their bad loans. "The Supreme CourtBloomberg - 261 words
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421 2006-08-18 11 Reuters [JAKARTA] Indonesian plantation firm PT Perusahaan Perkebunan London Sumatra (Lonsum) said on Wednesday it has obtained US$l5O million worth of syndicated loans to help finance its new factories and refinance its loans. Lonsum said the five-year loans had come from a consortium ofReuters - 421 words
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BRIEFLY ASIA
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72 2006-08-18 11 AFP [KUALA LUMPUR] India is citing the fear of political fallout and its suicide epidemic among farmers as obstacles to hammering out a free-trade deal with South-east Asia, officials said yesterday. The agreement between India and the 10-member Asean is scheduled to come intoAFP - 72 words
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55 2006-08-18 11 Reuters [HONG KONG] China Merchants Bank Co Ltd, the country's No 6 lender, won Hong Kong stock exchange approval for a share sale expected to be worth about US$2 billion and plans to begin pre-marketing its deal next week, sources familiar withReuters - 55 words
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70 2006-08-18 11 Reuters [HONG KONG] The state-owned parent of China's Citic Bank yesterday said that it is in talks with foreign financial institutions, including Barclays pic, about selling a minority stake in the lender before an initial public offering expected to be worthReuters - 70 words
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69 2006-08-18 11 Reuters [MUMBAI] Investment bank Goldman Sachs has bought a 3.7 per cent stake in India's Infrastructure Development Finance Co Ltd for about U5552.5 million, a source familiar with the deal said yesterday. Goldman, which said in March it aimed to invest US$l billionReuters - 69 words
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60 2006-08-18 11 AFP [HONG KONG] China Mobile, the nation's largest mobile phone operator, yesterday posted a 25.5 per cent rise in first-half net profit to 30.17 billion yuan (555.9 billion). The result was on the back of growth in operating revenue and subscriber numbers and wasAFP - 60 words
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Article2271 2006-08-18 11 vol General Coip .0.59 0.01 19 Af 17 H W- Cm* Genting 34.70 0.S0 313 taorge Kent 0.50 0.02 33 A 4M Realty MS unch 0 GHL Systems .0.22 -0.02 2412 A 032 43 GtobetronksTech .030 -0.01 644 ACP Industries X79 -0.03 106 GlomacBhd 1.12 unch 152 Advance2,271 words
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GREATER CHINA
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Article, Illustration619 2006-08-18 12 JANE MOIR - 20% drop in VIP revenue at end July, a third of VIP halls face bankruptcy By JANE MOIR in Hong Kong CASINO mogul Stanley Ho is feeling the heat from glitzy Las Vegas rivals as they grab a greater slice of Macau's lucrative619 words
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253 2006-08-18 12 [HONG KONG] Billionaire Nina Wang has failed in a bid to find out who bankrolled her father-in-law's attempt to gain control of her late husband's HK$23 billion (554.7 billion) empire, the South China Morning Post reports. But Wednesday's ruling by acting chief justice253 words
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Article405 2006-08-18 12 [HONG KONG] Sportswear manufacturer Win Hanverky and Cambodian casino operator NagaCorp, which failed to secure a listing in Singapore in 2003, plan to tap the market for a combined HK$l.4B billion (*****.3 million) in initial public offerings next week, beginning a fresh round405 words
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Article, Illustration496 2006-08-18 12 Reuters [SHANGHAI] A legal battle is brewing between Yahoo Inc and the former head of its China operations, who filed a lawsuit against his ex-employer yesterday as Yahoo prepared to answer with its own suit. Zhou Hongyi took his legal action inReuters; AP - 496 words
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254 2006-08-18 12 Reuters [BEIJING] China's cabinet has punished Inner Mongolia's governor and his lieutenants, in the central government's first crackdown on provincial leaders for failing to enforce policies aimed at slowing growth in the world's fourth-largest economy. Vice-Premier Zeng Peiyan has urged local governments to reinReuters - 254 words
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354 2006-08-18 12 Reuters [BEIJING] China will discuss later this year whether to establish a super agency to improve financial regulatory coordination, according to government officials and economists. A project team under the State Council, China's cabinet. is working, on the proposal as part ofReuters - 354 words
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Page 12 Advertisements
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Advertisement15 2006-08-18 12 I CD I lianhp Zaobao I multiple I I policies China t« I jbecomy II15 words
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INDIA
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Article444 2006-08-18 13 SIDDHARTH SRIVASTAVA - Firms raised US$3.3b from overseas markets in April and May By SIDDHARTH SRIVASTAVA in New Delhi MORE than 100 Indian companies are eyeing a listing on US stock exchanges including Nasdaq, and have started posting earnings according to the US Generally Accepted Accounting Principles (US444 words
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154 2006-08-18 13 Reuters INDIA'S central bank has approved the appointment of HSBC's new Indian head, Naina Lai Kidwai, after she agreed to bow to the regulator's demands and quit the board of food maker Nestle, HSBC said. HSBC appointed Ms Kidwai in May andReuters - 154 words
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Article, Illustration436 2006-08-18 13 Bloomberg [NEW DELHI] India has to be "careful" when imposing curbs on the sale of beverages made by Coca-Cola Co and PepsiCo Inc, the world's two biggest softdrink makers, because such restrictions worry overseas investors, Trade Minister Kamal Nath said. Local authorities inBloomberg - 436 words
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Article5601 2006-08-18 13 UNIT TRUSTS FUNDS abaow mam* a eur 6.66/ AS Amer Income B EUR 6661 »mn M -u,.ii"lliI AB Europ Income Opp AT SGD 1508/ ABU Amro Asset Mgt (5 pore) AB Euroo Income Odd BT SCO 15 08/ Star Europe Eqty." 1962/ AB Europ Income Opp AI EUR ZZ Star5,601 words
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Page 13 Advertisements
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Advertisement31 2006-08-18 13 You can now use your CPF savings to invest in AllianzGl Global Allianz (fij) High Payout Fund. Visit our appointed distributors for more details. Global lnvestors J company regn no *****7169Z31 words
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ASIA-PACIFIC/WORLD
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553 2006-08-18 14 LATEST US DATA Index of Leading Economic Indicators falls 0.1% against expectation AP [NEW YORK] An indicator of future economic activity dipped in July, a private research group reported yesterday, in the latest sign that US economic growth is cooling off. The ConferenceAP - 553 words
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Article, Illustration547 2006-08-18 14 TAKEOVERS AP, Bloomberg, Reuters [MELBOURNE] Australian retailer Coles Myer has been approached by a potential buyer, the company said yesterday. Analysts said the deal could be worth A 516.5 billion (5519.9 billion). Shares of the Mel-bourne-based retailer surged a record 12 per cent, valuing theAP, Bloomberg, Reuters; BLOOMBERG - 547 words
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332 2006-08-18 14 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra said yesterday he was ready to push back the general election re-run scheduled for October 15 if the new Election Commission could not make it happen on time. Mr Thaksin, wrapping up a campaign foray inReuters - 332 words
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538 2006-08-18 14 Bloomberg »[MANILA] Baguio Gold Holdings Corp, a company owned by the Philippines' richest man Lucio Tan, has agreed to acquire 81.57 per cent of Philippine Airlines Inc, the nation's biggest carrier. Baguio Gold directors yesterday approved the purchase of six companies that ownBloomberg - 538 words
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312 2006-08-18 14 Reuters. Bloomberg [LONDON] A private-equity consortium is holding talks with UK cable company NTL about a potential £10 billion (5529.8 billion) takeover, sources close to the deal said yesterday. That would be Europe's biggest leveraged buyout, "It's just a question of NTL decidingReuters.; Bloomberg - 312 words
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384 2006-08-18 14 To maintain Aids war, it must make newer drugs: bank Bloomberg [GENEVA] The World Bank has said that the Thai government should consider breaking pharmaceutical company patents and making newer, more expensive HIV drugs itself to maintain its successful programme to supply medicine toBloomberg - 384 words
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WORLD WATCH
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Article66 2006-08-18 14 Bernama [KUALA LUMPUR] South Korea will sign a free trade agreement (FTA) in trade and goods with Asean next week although Thailand has chosen to be excluded following inconclusive negotiations on the issue of rice. "Even without Thailand, the agreement will go on but weBernama - 66 words
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82 2006-08-18 14 Reuters [MANILA] Philippine conglomerate Ayala Corp and its property arm Ayala Land yesterday said they will jointly invest up to US$75 million in a private equity fund that will invest in property markets overseas. The Ayala group said the fund management firm, ARCH CapitalReuters - 82 words
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75 2006-08-18 14 AP [SYDNEY] Australian Stock Exchange yesterday announced its full-year earnings fell 19 per cent to A 5135.5 million (Ssl63 million) for the fiscal year ending June 30. The ASX, which operates the national bourse and the Sydney Futures Exchange, said the earnings drop reflectedAP - 75 words
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111 2006-08-18 14 Bloomberg [CANBERRA] Australia may put its As2s billion (Ss3o billion) stake in Telstra Corp in a state-run investment fund, rather than selling stock in a public offer, Treasurer Peter Costello said after the shares closed at a record low. The government'sBloomberg - 111 words
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90 2006-08-18 14 Reuters [TOKYO] Japan, the world's third-largest oil consumer, will set out nationwide biodiesel standards this year in an effort to kick-start demand, but will not force refiners to sell it, government officials said yesterday. Lagging international moves to use more biofuel to battleReuters - 90 words
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ASIA-PACIFIC/WORLD
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Article, Illustration713 2006-08-18 15 Shrinking market shares and stalled volume growth dog the S Korean firms Reuters [SEOUL] Wrestling with falling mobile phone sales and shrinking market shares, South Korea's Samsung and LG yearn for the days when their high-tech, pricey phones were the talk of theReuters - 713 words
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Article, Illustration33 2006-08-18 15 [MUNICH]Nine-year-old Anna Lena walks in the art project "Beben by German artist Benjamin Bergmann in Munich on Wednesday. "Beben "(quake) is a huge walkable megaphone, in show until October2oo6. APAP - 33 words
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453 2006-08-18 15 Strong printer and laptop sales almost double earnings AP [SAN JOSE, California] Hewlett-Packard Co (HP) beat Wall Street's expectations on Wednesday, when the computer maker reported that fiscal thirdquarter profit surged on strong printer and laptop sales. The company's shares gained more thanAP - 453 words
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256 2006-08-18 15 Bloomberg [TOKYO] Royal Philips Electronics NV may have approached Matsushita Electric Industrial Co and private equity funds to sell its stake in LG.Philips LCD Co, according to a Merrill Lynch Co internal note. "We're hearing that Philips tapped all the variousBloomberg - 256 words
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246 2006-08-18 15 AFP [JERUSALEM] Israeli Prime Minister Ehud Olmert and his wife are to be summoned for questioning by the government's top watchdog over a property deal, a newspaper said yesterday. State comptroller Micha Lindenstrauss is looking into how Mr Olmert—a formerAFP - 246 words
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603 2006-08-18 15 Analysts estimate that recall could run to US$200-400m AP [DALLAS] Dell Inc's unprecedented recall of 4.1 million faulty laptop batteries is creating headaches for its corporate customers who have come to rely on notebook PCs as an indispensable part of doing business. Information technologyAP - 603 words
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Page 15 Advertisements
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Advertisement8 2006-08-18 15 V|£ i|f noiiiv ■vs^nv A J IVII n^*8 words
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AVIATION
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Article, Illustration687 2006-08-18 16 Aussie airline to slash more jobs; expects flat earnings this year Reuters [SYDNEY] Qantas Airways said yesterday annual profit fell 30 per cent on higher fuel and redundancy costs and said it planned to slash more jobs, including more than 1,000 managementReuters; AFP - 687 words
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324 2006-08-18 16 Bloomberg [TOKYO] Japan Airlines Corp (JAL), reeling from two years of losses in three, plans to raise fuel surcharges and reduce its flights to Chicago and Manila, as it tries to return to profit. JAL will end its service from Nagoya to Manila,Bloomberg - 324 words
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489 2006-08-18 16 AFP [FRANKFURT] The German airline industry looked set for further consolidation yesterday as the country's number two and three airlines, low-cost carriers Air Berlin and DBA, said they planned to merge. Air Berlin, Europe's number three low-cost carrier, said in a statementAFP - 489 words
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164 2006-08-18 16 AFP [LONDON] Flights were virtually back to normal 'yesterday at major British airports, fully a week after police thwarted an alleged plot to put Islamist suicide bombers on US-bound airliners. British Airways (BA), which had scratched more than 1,900 flights over theAFP - 164 words
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Article, Illustration459 2006-08-18 16 Oil price hikes have hit sentiment for airline counters Reuters [SHANGHAI] Air China Ltd, the country's flag carrier, is set to receive a lukewarm reception when it lists in Shanghai today, dogged by concern about the airline industry and weakness in its HongReuters; AFP - 459 words
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Article2098 2006-08-18 16 CUT PUMT CTA RIGHT «TB GA840 1640 5Q146 1640 QF137 1805 GA841 17SS .1- frucc VF542 2205 5Q148 1900 L>W771 1750 1*9770 2345 "Z <%£ -j§» fin=Sf BP- l 5ii is A £?sl§ AZ3992 1530 L***** 2345 W 375 j} 54 °°$J E M ora Sio2,098 words
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SHIPPING
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492 2006-08-18 17 DONALD URQUHART - Leading maritime liability insurer says its membership here is growing By DONALD URQUHART [SINGAPORE] Reflecting Singapore's growing importance in the maritime world, major Norwegian maritime liability insurer, Skuld has announced it will open a representative office here in late September. Skuld492 words
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Article, Illustration636 2006-08-18 17 AFP [NUEVA VALENCIA, Philippines] The Philippines said yesterday that a massive oil spill could get much worse without urgent help to lift a stricken tanker, still loaded with fuel, off the ocean floor. The spill, which has already devastated nature sites and coveredAFP; AP - 636 words
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Article, Illustration394 2006-08-18 17 Reuters [SINGAPORE] Singapore, Malaysia and Indonesia should be wary of seeking external funding to help patrol the Malacca Strait as it could undermine their sovereignty, a top Asian shipping official said. "We have to be very careful here," said Teo Siong Seng,Reuters - 394 words
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Article283 2006-08-18 17 SGX '000 Aug 17 SS «f Vol CH Offshore 0.35 ureh 129 Chuan Hup 0.33 unch 918 Cosco Corporation 1.50 -0.03 6903 CWT Distribution 0.64 0.02 139 Ezra Hldgs 2.79 unch 575 Freight links 0.07 0.01 543 Grand Banks Yacht 0.87 unch 7 Jaya Holdings 1.35 0.01 486283 words
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486 2006-08-18 17 It will issue RM170m of Islamic bonds for capital Reuters [KUALA LUMPUR] Small Malaysian shipping company Nepline Bhd expects to return to profit next year and plans to issue RMI7O million (5575.34 million) in Islamic bonds te expand its fleet Nepline, which has aReuters - 486 words
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873 2006-08-18 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR A US appeals court last month ruled that two other federal statutes should take precedence over the Carriage of Goods by Sea Act (COGSA) to determine a railroad company's liability after a train derailment damaged 32 tractors being873 words
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EDITORIAL & OPINION
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566 2006-08-18 18 EDITORIAL OCBC Bank's failed bid to take Great Eastern Holdings private has exposed an ambiguity in prevailing rules governing takeovers where the aim is an eventual delisting of the target company. The source of the problem is inconsistency between the Singapore Exchange's Listing Manual and566 words
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Article, Illustration768 2006-08-18 18 FRANK CHING - THE BOTTOM LINE FRANK CHING FOLLOWING the Chinese press, one sometimes gets totally depressed and feels that there is no hope for the country, with its myriad problems. At other times, the opposite is true. This week, it is a mix. On768 words
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Article, Illustration967 2006-08-18 18 WILLIAM PESEK JR - Outcry over Koizumi's visits to Yasukuni shrine scuttles region's attempts to work together WILLIAM PESEK JR GET ready for summit season in Asia. Starting next month, the annual barrage of meetings of the Association of South-east Asian Nations (Asean), the Asia-Pacific EconomicAP - 967 words
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Article, Illustration1196 2006-08-18 19 DEEPAK NAIR - The reasons supporting the claims for India's NPT exclusion are open to doubt By DEEPAK NAIR THE ability to make an exception has been a defining quality of absolute political power. Individual states establish their sovereign power by making exceptions within their territory,PHOTOS: BLOOMBERG - 1,196 words
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853 2006-08-18 19 JULIA E SWEIG - By JULIA E SWEIG AMERICA'S moral standing in the world has precipitously declined since 2001. For starters, blame the Bush administration's go-it-alone tough talk after Sept 11, contempt for the Kyoto accord, war and then chaos in Iraq, secret prisons in853 words
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140 2006-08-18 19 G N Setly Sydney, Australia - LETTER TO THE EDITOR G N Setly Sydney, Australia TRADING on the Singapore Exchange (SGX) closes at spm. Every weekday, most listed companies release their announcements after spm. Even assuming stockmarket analysts work until 6pm, they hardly have any time to read,140 words
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Article9958 2006-08-18 20 SGX MAINBOARD Transaction date: Aug 17 52-Wk Tel Last Vol Day Last Quote Div GrVtd Net MCap High Low Code Company Salt fOOO) (Ugh low »uyr Cvr P/t Smll 4 1 S716 1st Software 2.5 +0.5 25 2.5 2 2 2.5 10.1 11.5 6 3148 STelecom 7.5 +09,958 words
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Article6057 2006-08-18 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* bcai cot to SJ In USS dy yr dy yr dy %yr Aug 16 Index Change Change Puny Change Chang* Oxnge World tnctex Pietiminary <0047 OS 3.6 0.5 1.4 0.7 7.2 tEAfE Prelimrary 1016.7 0.7 4.5 0.9 5.9 1 1 11.9 Europe6,057 words
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Page 22 Advertisements
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Advertisement1801 2006-08-18 22 UK CONTINEMT SERVICE U.S.A SERVICE Destination Destination EVGENIA RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL loads Singapore. E./W. Maloysio. Indonesia Loads E./W. Malayia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Destination GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN DYNAMIC JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia v1,801 words
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Advertisement607 2006-08-18 22 lIMIIKAMA «0«0 WKVItI I VBSa/VOT RMURT) HBGHTWH) «G Kffl La SM JKT OUYIAO2 4 17/06 STRAITS VENTURE 15/06 IS il 17/ M 70/08 24/08 79/08 31/08 STKAITS VBCTIIKE 14/04 15 3i 01/Df i AurmauAH »o«o n«via > vßsa/vor |Mwr»T) hbghtq» lo m wmmmmmmva TIGRIS LEADER /003 50 4.5 17-17/07 31-31/07607 words
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Advertisement21 2006-08-18 23 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 000221 words
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Advertisement795 2006-08-18 23 SJ<32S& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEL VOT SIX PJOJUKI COLOMBO I N. SHtVA COLOMBO WLSmL—Sm.IiM ML MS 23/UIG 27 AUG IMPKA GANDHI OlOtW 22 AUG OMIT 26 AUG ?9 AUG 0? SEP lAJIV GANDHI 0106W 2? AUG OMIT 02 SEP 06795 words
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Page 24 Advertisements
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Advertisement585 2006-08-18 24 MNordana (Asia) Pte Ltd SS' 70 Shanton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL PATES |VRSa VOY SMjoppro Fr—ortU Cotoilriaod CWhtw« l»WI Potir Godot bland hofaa ML ZM QZSm Ufa Ilia ZLkn tori hare m Zliss QUA585 words
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Advertisement626 2006-08-18 24 Ah -mum T7WB ma ma -mwtm tot rrm Sro -jsnsm raw Wm 557S raramn wm Wm Sohout mum imw M/M ii/B rumu to; m/w m/w -WTDRT mm Tl7si H7B Mcuuriu 3$R §T7o« 5?7m ihiji i L!ij.jJ!J [SITiTiTiSB jiMii Luwosow m am m/h ffiVflgf g" jflg VCSSCL VOY SIN PASO GUOANG626 words
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Advertisement436 2006-08-18 24 CONVENTIONAL SERVia LOADING FOR LOADING FOR LOADING FOR COLOMBO-RORO CHENNAI MUMBAI 22 AUG 27 AUG 30 AUG LOADING FOR DUBAJ/DAMMAM 28 AUGUST HEAVY UFT 80TS Hpf GLORY NAVIGATION GROOPI i i an ma i i OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING I436 words
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THE BUSINESS TIMES SHIPPING TIMES
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6528 2006-08-18 25 This ETA ETA Arfmrtinr Vessel Voyage Telephone ETA ETA Advertaer Vessel Voyage Telephone SM Desfn Name Name Muter Number SIN Desfn Name Name Number Number •>. w 31/08 29/09 China Shpg NEW DYNAMIC 120A *****898 To ABIDJAN (ABJ) 2003 Cote D'I voire 06/09 29/096,528 words
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ARTS
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Article, Illustration462 2006-08-18 26 PARVATHI NAYAR - THEATRE What begins as a nightmare goes on to dissect what dreams are fuelled by, writes PARVATHI NAYAR PARVATHI NAYAR MARK Murphy's Nightshift presented at the Esplanade Theatre Studios over the weekend begins as a repetitive nightmare, then dissects the brutality of the real world that462 words
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437 2006-08-18 26 KARMEN CHENG - By KARMEN CHENG IF Waiting for Godot is all that you associate Samuel Beckett with, then check out an upcoming buffet of the playwright's other works. The highly-acclaimed The Beckett Project is being staged next week and on the agenda are437 words
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Article, Illustration361 2006-08-18 26 KARMEN CHENG - MUSIC By KARMEN CHENG WHEN Womad rolls into Fort Canning Park next week, one musician to look out for would be Chico Cesar, the 42-year-old Brazilian songwriter hailing from the north-eastern state of Paraiba. < Already making music at age 8 with his361 words
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Page 26 Advertisements
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Advertisement208 2006-08-18 26 CONSTIPATED? Fibre is good for you as part of a healthy and well balanced diet. C-Lium® Fibre is a 100% natural multi-tasking fibre. It assists in promoting bowel regularity which helps clean out the digestive system and eliminate wastes from the colon to achieve well-being for the whole family. As208 words
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Advertisement30 2006-08-18 26 Sponsored by: Official MBtbfc Official Radto SUt lore Official CiMT Official Airflnr w "—js 4 LEE FOUNDATION 25L- im MANUVWN *28unS* Supports by; co-orqantoorc "Sum" trestoge NAIUMMAmCOVCt NBOCI mc,»woa> mm30 words
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Advertisement479 2006-08-18 26 NO I ICES IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of PROMEET SINGAPORE PTE LTD (Co. lU9. No. *****1311K) NOTICE Of RESOLUTIONS At on Extraordinary General Mooting of the members of Promeet Singapore Pie Ltd duly convened and hold on 16 August 2006 at479 words
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CINEMA
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Article, Illustration309 2006-08-18 27 KIIRA GUSTAFSON - By KIIRA GUSTAFSON GARY (Vince Vaughn) pursues Brooke (Jennifer Aniston) at a baseball game with hot dogs and bullet-fast banter. Fast forward their entire relationship through snapshots during the opening credits, and that's where the film starts. Without any base to their309 words
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Article, Illustration329 2006-08-18 27 PARVATHI NAYAR - DVD By PARVATHI NAYAR L 'ENFANT— or The Child —is an uncompromising slice of life, shot on hand-held camera by Belgian brothers Jean-Pierre and Luc Dardenne. The movie won the Palme d'Or for best film at the 2005 Cannes Film Festival. Everything about it329 words
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Article, Illustration614 2006-08-18 27 PARVATHI NAYAR - The Wim Wenders film is less compelling than some of his better works, says PARVATHI NAYAR PARVATHI NAYAR A WIM Wenders film is a particular kind of pleasure, enjoyed like a single malt served neat, with its complexities to be savoured at leisure. More pragmatically,614 words
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Page 27 Advertisements
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Advertisement51 2006-08-18 27 OHermanMiller mirra limited feature*: Latitude Back Standard Height Range Standard TW Fixed Arms Adjustable Seat Front Adjustable Lumbar Support 88 Castors (carpet only) $1534.50 valid wNle stocks last A H Xi.riietiHr winiin X-tra living 9 penang road 01-01 park mail t 6338 0688 Takashimaya interior dept. basement 1 .1 673451 words
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Advertisement180 2006-08-18 27 a r a m i s For the modern man who thinks he has "V THE ARAM IS SCENT. Since its launch, Aramis has remained one of the best loved scents of all time. 1 heres something about it which makes it a top 10 favorite with men around the180 words
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BOOKS
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Article, Illustration1811 2006-08-18 28 SWATI CHAUDHARY - The publishing world is seeing a literary buzz of a new kind. Popular blogs have found their way to print format, reports SWATI CHAUDHARY. Below are reviews of two blooks SWATI CHAUDHARY. EVEN as the current hype over blogs, personal websites and the unprecedented1,811 words
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Article400 2006-08-18 28 A fortnightly listing of the latest books available in S'pore NON-ACTION Southeast Asian Affairs 2006 Edited by I)aljit Singh and Lorraine C Salazar ($41.90) Annual reference guide for policy-makers, scholars, analysts, journalists on issues and events of the previous year in Southeast Asian countries, and also a macro400 words
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Page 28 Advertisements
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Advertisement231 2006-08-18 28 Diners Club Card To apply, call 6416 0980 I A World of Exclusive Privileges Treats Diners Club wtctacliners.com.sg SiJei JtaQonat i 60 Reasons To Feast Again Savour delectable dishes in our popular *60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic 6c Chilli231 words
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Advertisement1 2006-08-18 28 HHHRHRHHRHHMHHHHHHHHBBHHRHHBHHHBi1 words
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Page 28 Miscellaneous
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Miscellaneous310 2006-08-18 28 CRYPTIC CROSSWORD 3 Kind of tactics girl needed to 1 Missing, away from one s French boyfriend (6) base (8) 4 Strong belief that goes into 5 It may be got by breaking the one's record (10) tew 6 Switch d and s? (8) 9 Inhabitants of this Asian 7310 words
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WINE
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Article500 2006-08-18 29 jaime ee - off the cuff jaime ee IT'S not an easy time for air travellers. In the good old days, we just had to worry about deep vein thrombosis, bad inflight service and picking a sympa-thetic-looking check-in staff who might overlook the excess 10 kg in our500 words
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973 2006-08-18 29 N K YONG - It eschews power and muscle in favour of breed and great style, says N K YONG N K YONG REPORTING on a great vintage is a piece of cake. The vintage speaks for itself, and the press have already preempted what you want to973 words
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Page 29 Advertisements
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Advertisement664 2006-08-18 29 I ££5°!," Feel The 1 1 1llsating Heartbeatßring ouiThe in Southeast Asia, the store offers >-v /j L Animal In You! I US-designed signature Nike products Il+ I T*l 1P IP I f|W A 1" Animal UK S bi est surf and snow brand that are technically advanced and XX664 words
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executive lifestyle
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Article, Illustration1810 2006-08-18 30 PARVATHI NAYAR - PARVATHI NAYAR looks at some of the positive signs taking place in the local film industry PARVATHI NAYAR "I HAVE a strong gut feel that the time of the Singapore movie industry is coming; after 30 years in the media scene, I can sense there is a1,810 words
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Page 30 Advertisements
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Advertisement12 2006-08-18 30 ■HHR BOOKS Ushering in SSli the era of blooks JHH PG 2812 words
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