The Business Times, 20 June 2007
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2007-06-20
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The Business Times
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Title Section19 2007-06-20 1 THE BUSINESS TIMES Wednesday, June 20,2007 JH A SINGAPORE PRESS HOLDINGS PUBUCATION SlNGAPORtfifrtents online at http://business-times.asial .com.sg MICA(P) 202/12/200619 words
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824 2007-06-20 1 RONNIE LIM - Temasek to start process in H2 for deals estimated to be worth over $6b By RONNIE LIM [SINGAPORE] The Great Singapore Power Sale is on at last. Temasek Holdings said yesterday it will sell the island's three biggest generating companies (gencos) estimated to be824 words
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Article, Illustration79 2007-06-20 1 THERE'S nothing better to keep conversations flowing and business connections warm than a good drink. Last evening. The Business Times kept up its recent tradition of wine nights for business people and guests by adding something different to the mix a Whisky Night. And on hand toARTHUR LEE - 79 words
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Article, Illustration481 2007-06-20 1 ROLAND LIM - Exports comprise 64% of record 2006 figure for S'pore By ROLAND LIM [SINGAPORE] Singapore's infocomm industry recorded a sharp 20 per cent increase in revenue to a record $45.4 billion last year, Information, Communications and Arts Minister Lee Boon Yang said yesterday. Dr Lee said inSource: IDA - 481 words
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Page 1 Advertisements
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Advertisement162 2007-06-20 1 OPINION Sovereign wealth funds the. new masters of global finance? PAGE 21 EXECUTIVE MONEY Money matters: Fear and greed hurt investments page 30 Roadblocks that US stock rallies face page 31 Warrant pricing for S'pore investors: How to factor in dividends page 32 H I SINGAPORE'S MOST EXTRAVAGANT RESIDENCE m162 words
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Advertisement12 2007-06-20 1 ■BBHR MOTORING boom in Asia-Pac Markets Digest Page 3 8 Hi I12 words
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Advertisement12 2007-06-20 1 SEMINAR Right now what China needs is stability: MM Lee PAGE 212 words
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Advertisement13 2007-06-20 1 HUH ARTS FEST fcTtjm Doll House is ■bRHHR vintage Breuer SO PAGE 2713 words
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Page 2 Advertisements
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Advertisement213 2007-06-20 2 people r r ®t u T includes Fortune 500 companies. www.thepeopleatwork.com Asia-Pacific Executive Search Ford Avenue Just Soldi Belmont Road 16,300 sqf $13.xM Binjai Pk 20,300 sqf $14.xM Bishopsgate 17,000 sqf $18.xM Bukit Tunggal Rd 20,300 sqf $17.xM Cable Road 36,000 sqf $30.xM Cfuny Hill 16,000 sqf $18.xM East Sussex213 words
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TOP STORIES
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708 2007-06-20 3 OUR CORRESPONDENT - Arrest warrant will be issued if ex-PM does not appear by June 29, says junta By OUR CORRESPONDENT in Bangkok THAILAND'S military junta seems to be gaining the upper hand in the tussle for power between itself and ousted prime708 words
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816 2007-06-20 3 Reuters [SINGAPORE] Singapore's sizzling economy, set to expand as much as 7 per cent this year, could prove a headache for the government as the city-state risks becoming less competitive than rival business centres such as Hong Kong. The labour market is tight,Reuters - 816 words
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Article542 2007-06-20 2 Thaksin, wife ordered to appear before police THAILAND'S military junta seems to be gaining the upper hand in the tussle for power between itself and ousted prime minister Thaksin Shinawatra. The Thai authorities yesterday ordered Mr Thaksin and his wife to appear before the police to hear their542 words
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Article48 2007-06-20 2 IN yesterday's Company Briefs column, we said that a consortium including PricewaterhouseCoopers Corporate Finance has acquired 70.41 per cent of the shares of Amtek Engineering. PricewaterhouseCoopers Corporate Finance is financial adviser to the consortium and not part of the consortium itself. We are sorry for the error.48 words
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Article, Illustration602 2007-06-20 2 WINSTON CHAI - IDA and Tourism Board to launch Digital Concierge for visitors By WINSTON CHAI [SINGAPORE] From cheap advice to discounted Web addresses, the authorities are dangling millions of dollars of incentives to jumpstart technology adoption among less IT-sawy SMEs. Under a new programmeLAU KENG SENG/LIANHE ZAOBAO - 602 words
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Article, Illustration984 2007-06-20 2 NANDE KHIN - He also says it can show the world that its rise as a world power will be a peaceful one By NANDE KHIN WHAT China needs right now is stability to help it grow, rather than politics like those of TaiwanCHUNG KUN SOON/LIANHE ZAOBAO - 984 words
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Article135 2007-06-20 3 Dsn 3.629.55 (+5.76) ST INDEX FUTURES 3,630.00 (+5.00) SIMSCI 447.79 (+0.57) SIMSCI FUTURES 448.20 (-0.40) MARKETS Tuesday Change KLCOMP 1,376.79 +4.51 NIKKEI 225 18,163.61 +14.09 HANG SENG closed SET INDEX 763.78 -2.42 JAKARTA COMP 2.142.186 +15.693 MANILA COMP 3.667.14 -13.41 SEOUL COMP J.807.85 +0.97 SHENZHEN B 736.43 +14.70135 words
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Page 3 Advertisements
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Advertisement119 2007-06-20 3 y/r Visit Gerald Genta at THE HOUR GLASS THE TeMPLe OF TIMe Raffles City Convention Centre Singapore 05.09.07 09.09.07 www.thehourglass.com SI Nci.M'Oßl I\kAMIIM\H ill <»> (.734 2420 IANuPIAZAPEI b5-t»235 7PB fm, K\i II 1 s 1101 I 1 \IU \PI 111 OS c,<u <241 Mil ll\l\W \1 K T I119 words
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Page 4 Advertisements
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Advertisement20 2007-06-20 4 UNSURPASSED HOSPITALITY... MERITUS HOTELS RESORTS awarded IWST APPF.TIZIII lV MAIN CO I) lIS H IU S I '111 t fWm20 words
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COMPANY NEWS
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697 2007-06-20 5 SIOW LI SEN - Telcos will provide customers mobile video-sharing service 'MeTV' By SIOW LI SEN STARHUB and its rival, Mobile One, are teaming up for the first time. The two telcos plan to sell a mobile video-sharing service to their combined customer base. The country's largest697 words
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Article, Illustration319 2007-06-20 5 MATTHEW PHAN - By MATTHEW PHAN ELECTRONICS contract manufacturer Jurong Technologies Industrial Corp (Jurtech) has set up a $500 million multi-currency debt issuance programme, its first fund raising in the debt capital markets. Jurtech, which makes hard disks, sound and graphics cards, last year started aFILE PHOTO - 319 words
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Article665 2007-06-20 6 LYNETTE KHOO - HOCK LOCK SIEW By LYNETTE KHOO GETTING rid of peripheral assets is in conventional wisdom a good move for companies seeking to streamline their business and obtain funds for expansion. For Japan Land, this means selling its financial services business to focus on real estate in665 words
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211 2007-06-20 6 PAN Asian Water Solutions, a water piping systems provider, said it has acquired a major stake in Teacly (S) Pte Ltd, which has won two contracts worth $18.27 million from the Public Utilities Board (PUB) to rehabilitate or re-line the public sewer system in211 words
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Article3772 2007-06-20 6 UNIT TRUSTS FUNDS A8 Ei*op income AT EUR 7J*i DWS Noor HUlMc FtlMh ok |g*g gggj jffg^y t ffi) u?% SwcO5Tfc?S3? M>' S UsSKSdldsSf "w UOd SISpSmJSjilSdfd ttffiftttSfsdMM* -Sjjyfjs AB Eurt? Income BT EUR "I.. 72*1 DWS No® G*> Eq Sel CI A USfi IOWA. «Wn WtolV USD JJW WVIXO3,772 words
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509 2007-06-20 9 LYNETTE KHOO - Fundamental factors driving market rallies, says fund manager By LYNETTE KHOO THE liquidity boom fuelling recent bull runs of the Asian stock markets is likely to persist for now, as there are enough fundamental factors still driving the rallies, according to a private509 words
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295 2007-06-20 9 CHOW PENN NEE - By CHOW PENN NEE MAP Technology Holdings, an integrated data storage service provider, is seeking a listing on the mainboard of the Singapore Exchange, to expand its operations, and for potential mergers and acquisitions. A subsidiary of Min Aik Technology Co, which is listed295 words
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Article, Illustration418 2007-06-20 9 CONRAD RAJ - By CONRAD RAJ SINGAPORE'S world famous Tiger has become the first foreign beer brand to be brewed in Mongolia. Asia Pacific Breweries (APB), which makes the beer, this week officially opened a US$2O million brewery in the Mongolian capital of Ulaanbaatar.418 words
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353 2007-06-20 9 CHOW PENN NEE - By CHOW PENN NEE SINGAPORE customers of OCBC Bank travelling to Malaysia will be able to access funds via more than 2,800 there, following an inter-bank agreement. The bank said yesterday that OCBC Singapore ATM card holders can withdraw money from353 words
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Article, Illustration536 2007-06-20 9 KALPANA RASHIWALA - The buy bridges the gap in row of houses owned By KALPANA RASHIWALA CAPITALAND is understood to have bought No 8 Tong Watt Road off River Valley Road in the Mohamed Sultan area, at an auction last week for $9536 words
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Page 5 Advertisements
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Advertisement142 2007-06-20 5 78 th ANNIVERSARY SPECIAL J NOVENA MEDICAL CENTER SINGAPORE'S MOST MODERN SPECIALIST MEDICAL CENTRE NOW WITH ITS HIGHLY COVETED 8™ FLOOR UNITS AVAILABLE FOR LEASE invigorate your senses'* A ZEN-INSPIRED COURTYARD Sol ON THE Bth8 th FLOOR The Bth8 th floor is also highly prizlftas it is Q where our142 words
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Page 6 Advertisements
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Advertisement54 2007-06-20 6 Allianz Global Investors one of the world's largest asset managers with more Allianz (Si) than USSI .2 trillion assets under management as at 31 December 2006. i SCORE IN EMERGING MARKETS (Th Try our online quiz at www.franklintempleton.com.sg and win attractive prizes!* FRANKLIN TEMPLETON W INVESTMENTS I *Terms and conditions54 words
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Page 7 Advertisements
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Advertisement38 2007-06-20 7 \/MO <gp no more bounds I Core I Solo inside I Sony recommends Windows Vista Business. V A I O G I mmmr WCHASSIS Sony Authorised Corporate Pese e r s: S. s ;i T v: like.no.other SOS38 words
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SINGAPORE MARKETS
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Article, Illustration895 2007-06-20 8 LARRY WEE - CURRENCIES Risk appetite returns, hurting the yen, as US bond yield worries recede LARRY WEE Senior Correspondent OUR wish at this time last week for more corrective US dollar upside was granted for just one more day, when the euro revisited threemonth lows,895 words
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Article, Illustration900 2007-06-20 8 SECURITIES TRADING SCOREBOARD MAM SDQ TOTAL Up Down Ut> Up Dow Umh Up Dow Umh Multilnd 9 5 4 0 0 0 9 5 4 Manufacturing 88 71 66 19 16 21 197 87 87 Commerce 38 19 25 9 8 8 47 27 33 Tpt/Stor/Comms 21 11 11 0900 words
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Article832 2007-06-20 8 UMA SHANKARI - Compiled by UMA SHANKARI Jardine Cycle Carriage June 19 dose: $15.20 GOLDMAN SACHS, June 15 WE are raising our 2007/2008/2009 earnings estimates by 7 per cent, 12 per cent and 12 per cent respectively, and revising our price target from $16.20 to $18.40 following our earnings and price832 words
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Article, Illustration493 2007-06-20 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IF it isn't property or the banks, it's construction. The sector largely populated by penny stocks burst into life yesterday,.led by a Goldman Sachs "buy" on Yongnam Holdings that had significant spillover benefits for others such as493 words
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Page 9 Advertisements
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Advertisement45 2007-06-20 9 > Design, supply and install glass, mirror art c/w fully-equipped production house. > Customers are largely bigwigs in residential, hotel project and commercial sectors. > More than 20 years of track record, with excellent reputation and brand name. > Annual revenue $800,000; with substantial amount of projects on-hand. d45 words
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Advertisement82 2007-06-20 9 A unique opportunity to own a fast growing business which helps business owners to expand via franchising ESS Unique interactive software program High profit and easy to maintain. Vjjfl Six-figure income with high profit margins. Currently used in 100+ industry sectors In demand service Plus, everything in place for you82 words
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Advertisement143 2007-06-20 9 I GEP is a POWERFUL, LOW COST BUSINESS MENTORING program for ordinary (Mopto with no I HSscover "Secrets" to earn $10,000, $20,000, $30,000 monthly. •We show you "LIVE" how to make mllkxi dollar sales in one month fx 8 m ,cc,H—wiwm^m Earnta $10,000 monthly is EASY make a big difference143 words
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SINGAPORE NEWS
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376 2007-06-20 10 VINCENT WEE - It aims to highlight the two countries' currency pact By VINCENT WEE NEW $20 notes for Singapore and Brunei are to be issued next Wednesday. The two 20s are together symbolic of the 40 years of the agreement for the currencies376 words
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Article, Illustration542 2007-06-20 10 CHEN HUIFEN - It stands to gain half of new policyholders turning 40 from September By CHEN HUIFEN THE Ministry of Health (MOH) yesterday announced a few changes to the national Elder Shield insurance programme, aimed at helping policyholders financially should they be severely disabled at 40FILE PHOTO - 542 words
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446 2007-06-20 10 MATTHEW PHAN - By MATTHEW PHAN GLOBAL water and environmental engineering firm MWH, which helped design part of Singapore's Deep Tunnel Sewerage System as well as four underground stations for the upcoming Circle Line, will base its Asia-Pacific business hub here. The firm could446 words
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Article, Illustration697 2007-06-20 10 Private banking arm targets markets in China, India and Vietnam Reuters THE private banking arm of French lender Credit Agricole expects Asian assets to expand by 20-30 per cent a year in the next three to five years and wants to invest in China, VietnamReuters; BLOOMBERG - 697 words
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Page 10 Advertisements
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Advertisement171 2007-06-20 10 1 i lir i' "4gBHME^g ■>'- v Jr H -T X 'Wm m.. '*v;/ylf f Jrifpi' /O %/>? us for an evening of fun and fashion at the Racecourse. Highlights include thrilling track and the 'Creativi-Tee Polo/T-shirt Design Competition' fashion show. Ladies will also enjoy: Complimentary admission to the Upper171 words
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Advertisement21 2007-06-20 10 Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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ECONOMY WATCH
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449 2007-06-20 11 AP [GENEVA] A meeting this week of the World Trade Organization's (WTO) four most powerful members will determine whether a new global trade pact is still possible, the European Union's (EU) top negotiator said on Monday. Analysts, however, are playing down hopes of aAP - 449 words
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558 2007-06-20 11 Move, pushed by the US, could add pressure on China to shift yuan position AP. Reuters [WASHINGTON] The International Monetary Fund has adopted new guidelines for how countries should conduct their foreign currency policies. The Bush administration had sought the change as aAP.; Reuters - 558 words
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Article, Illustration653 2007-06-20 11 Share of wages as percentage of GDP has fallen, pay gap of high, low-earners has widened Reuters [PARIS] LOBALISATION should be a win- igg ner for all, but people are earning less of the wealth generated by economic growth and integration as theReuters; REUTERS - 653 words
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Article, Illustration508 2007-06-20 11 ANTHONY ROWLEY - Japan Parliament asks if 'politics' is cause for reluctance By ANTHONY ROWLEY in Tokyo BANK of Japan governor Toshihiko Fukui was quizzed in Parliament yesterday on whether "politics" are behind the central bank's reluctance to raise interest rates. Mr Fukui denied the charge.REUTERS - 508 words
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283 2007-06-20 11 Bloomb erg [TOKYO] Japan will reform financial markets to take better advantage of its US$l3 trillion of individual assets and remain a global financial centre, under a policy framework Prime Minister Shinzo Abe approved yesterday. The nation must set up anBloomb erg - 283 words
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Page 11 Advertisements
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Advertisement77 2007-06-20 11 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff77 words
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Advertisement26 2007-06-20 11 9 Tower Fifteen Located within prime CBD with close proximity to MRT and expressway Fully retrofitted building Column free layout 5,0005f onwards Multiple floors occupier opportunity26 words
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MALAYSIA/INDONESIA
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Article, Illustration479 2007-06-20 12 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA'S Amßank group (AMMB Holdings) has proposed to buy out the minorities in its investment banking unit, Amlnvestment Banking Group (AIGB) for nearly RM2.4 billion (551.07 billion) or RM3.70 cash per share. AMMB plans to fund the buy-out479 words
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650 2007-06-20 12 S JAYASANKARAN - Shares slide nearly 13%; founder and CEO voluntarily gives up all executive functions By S JAYASANKARAN in Kuala Lumpur DISGRACED airfreight operator Transmile yesterday told the stock exchange that it had made a police report regarding possible fraud within the company uncovered by650 words
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205 2007-06-20 12 Reuters [JAKARTA] Indonesia's second largest lender, PT Bank Central Asia Tbk, is aiming to enter the Islamic finance business, which may involve buying other lenders, a company spokesman said yesterday. Raymon Yonarto, corporate secretary for Indonesia's largest private bank, said financial services thatReuters - 205 words
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Article, Illustration433 2007-06-20 12 LAUREL TEO - By LAUREL TEO in Jakarta AS Indonesia struggles to battle rampant deforestation, a local pulp and paper firm yesterday received recognition for safeguarding a portion of the country's rapidly vanishing rainforest, as well as for its other corporate measures that promote sustainable development. Asia PacificREUTERS - 433 words
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316 2007-06-20 12 Bloomberg [MUMBAI] Spice Communications Ltd plans to raise as much as 5.1 billion rupees (*****.3 million) in an initial share sale in India, tapping a market where its two biggest rivals are the best-performing benchmark stocks. Spice, the Indian unit ofBloomberg - 316 words
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Article2491 2007-06-20 12 VOi j-n RM W- rwo> A ft M Realty J.«1 -0.09 Abric Bhd 0.29 0.01 93 Advance Synergy 0.30 -0.01 153 AdventaBhd 1.31 -0.03 607 Ae Multi Hldgs 0.33 0.01 *1 Affin Holdings 235 -0.01 936 Ahmad Zaki Resou 3 JO 0.02 83 AicCorp 0.55 unch 13 Airasia2,491 words
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Page 13 Advertisements
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Advertisement264 2007-06-20 13 1 Boost your Internet experience with I SingTel's Broadßand on Mobile. I I "Full speed I With superior speeds of up to 9x faster than 3G, you'll now enjoy faster Internet surfing, I video streaming, music downloads and email access anywhere! Broadßand on Mobile Plans I ROMOTIC)NAL BUNDLE I a264 words
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MIDDLE EAST
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Article, Illustration485 2007-06-20 14 Owned by Prince Alwaleed, the firm will sell 3.15b riyal worth of shares Bloomberg [DUBAI] Kingdom Holding, the Saudi Arabian investment company owned by billionaire Prince Alwaleed bin Talal, will sell a 3.15 billion riyal (Ssl .29 billion) stake in anBloomberg; FILE PHOTO - 485 words
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481 2007-06-20 14 NYT [WASHINGTON] The United States on Monday ended a 15-month economic and political embargo of the Palestinian Authority in a bid to bolster President Mahmoud Abbas and the new Fatah-led emergency government he has established in the West Bank as a counterweight toNYT - 481 words
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443 2007-06-20 14 Re uters [KUWAIT] Islamic bank Kuwait Finance House, the country's second largest lender by market value, wants to use cash from a US$l.O6 billion share sale to expand in the Middle East and possibly Asia. The bank is considering applying for licencesRe uters - 443 words
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Page 14 Advertisements
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Advertisement247 2007-06-20 14 ea SS >LJ. in SS||yH Gato Negro Best Buy Wine Enthusiast Imported by './V u/nc 40 Holland drove Kd. Tel: (*****0.^3 W lie re to wine, time and en terlalll... "SHALL I HAVE RED CURRY IN MY CAPPUCCINO OR MY PORK IN SAKE?" I had decided on the Laksa Lemak247 words
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Advertisement27 2007-06-20 14 fll 17*77"^^ H Two award winning wines from the rich Barossa Valley in South Australia. Makers' Table Sauvignon Blanc 2005. Maker's Table Shiraz 2003. $46+++ bottle, daily.27 words
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Advertisement104 2007-06-20 14 i rt ■:Jw > -fi .'< •'4- v U&: if,, 1 Q ;-'?T" 5 vf v >;'•.^v- ''V >-i% -i Global Kitchen !> -j, "i Weekday Executive Set Lunch from $33 per person. A La Carte, Degustation Dinner Menu and Sunday Brunch available. I;• ,-v 7 "> V $!i*. jr*104 words
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Page 15 Advertisements
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Advertisement343 2007-06-20 15 Looks like another typical day in your IT department. It's time you tamed your IT system. Is your IT servers provide the most efficient server staff spending long hours dealing with rather solutions for your business. daunting tasks? Whatever happened to the notion that technology is supposed to make your343 words
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GREATER CHINA/INDIA
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331 2007-06-20 16 Bloomberg [SHANGHAI] Citic Resources Holdings Ltd, owned by China's fourth-largest oil producer, said it will sell new shares to Singapore investment agency Temasek Holdings Pte for HK$45O million (5588.5 million) to raise funds for expansion. Ellington Investments Pte Ltd, a wholly-owned unit– Bloomberg - 331 words
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Article, Illustration693 2007-06-20 16 Fastest economic growth in six decades is luring investors to stocks Bloomb erg [MUMBAI] ICICI Bank Ltd, India's most valuable financial services company, sold the local portion of its record US$4.3 billion share sale in 20 minutes, as the fastest economic growthBloomb erg; BLOOMBERG - 693 words
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686 2007-06-20 16 Move will boost competitiveness of the banking industry Reuters [SHANGHAI] China will allow its city commercial banks to float shares for the first time, a move that will boost the competitiveness of its banking industry after the domestic sector opened fully to foreignReuters - 686 words
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239 2007-06-20 16 AFP [SHANGHAI] China's State Investment Company, which will manage part of the nation's US$l.2 trillion of forex reserves, may get an initial US$25O billion for investment, state media said yesterday. China's Ministry of Finance plans to issue special treasury bonds equivalent toAFP - 239 words
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Article, Illustration407 2007-06-20 16 Reuters [HONG KONG] Hong Kong's Chief Executive Donald Tsang pledged on Monday to keep the territory's currency pegged to the US dollar during his five-year term, making the latest affirmation of the link amid persistent speculation that it might beReuters; REUTERS - 407 words
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Article, Illustration575 2007-06-20 16 Reuters [HONG KONG] Media tycoon Jimmy Lai is a rarity in Hong Kong's business circles a staunch China critic and democracy advocate who has overcome local hostility to succeed with a mix of pragmatism and a Midas touch. Stretching back in his sunlitReuters; REUTERS - 575 words
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WORLD
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520 2007-06-20 17 US Supreme Court rules that the proper avenue for redress is securities laws Reuters, LATWP [WASHINGTON] The US Supreme Court handed Wall Street underwriters a major victory on Monday by ruling that an anti-trust lawsuit against them over the pricing of initial public stockReuters,; LATWP - 520 words
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Article, Illustration614 2007-06-20 17 Firm's co-founder Jerry Yang named to replace him AP [SAN FRANCISCO] Yahoo chairman Terry Semel stepped down as chief executive in a surprise move, ending his increasingly ineffectual pursuit of online search leader Google a losing battle that had demoralised Yahoo's shareholders and employees.AP - 614 words
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247 2007-06-20 17 NYT [MOUNTAIN VIEW, California] Google and Pacific Gas Electric (PGBIE) have unveiled their vision of a future in which cars and trucks are partly powered by the country's electric grids, and vice versa. The companies on Monday displayed six Toyota Prius and FordNYT - 247 words
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721 2007-06-20 17 Reu ters [NEW YORK/BOSTON] A potential rival bid to Rupert Murdoch's lofty US$5 billion offer to buy Dow Jones Co Inc will have to surmount major hurdles of its own to succeed, even though investors are warming up to it. Pearson andReu ters - 721 words
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364 2007-06-20 17 LATEST US DATA Bloomberg [WASHINGTON] Housing starts in the US fell for the first time in four months in May as interest rates rose, suggesting no early end to the recession in residential real estate. Builders broke ground on new houses atBloomberg - 364 words
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Page 17 Advertisements
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Advertisement216 2007-06-20 17 Ready for Global Opportunities? Discover latest developments in Southeast Asia, China, India and the Middle East Manage recruitment and talent retention challenges across borders Gear up for export and overseas growth Build up firm-level capabilities Steer ahead for global growth at International Enterprise Forum 2007 (IE Forum 07). Present in216 words
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Advertisement17 2007-06-20 17 m Steering Ahead for Global Growth 10-11 July 2007 Raffles City Convention Cent r e, Singapore a*17 words
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AVIATION
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Article, Illustration635 2007-06-20 18 Qatar confirms order of 80 A 350 jets, but Airbus trails rival's Dreamliner deals AP [LE BOURGET, France] Airbus stole the spotlight from US rival Boeing Co on the opening day of the world's largest air show, announcing deals worth aroundAP; AFP - 635 words
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Article, Illustration463 2007-06-20 18 Reuters [PARIS] Boeing's top commercial airplanes executive yesterday dismissed a US$45 bilUon order blitz unveiled by rival Airbus as the Paris air show awaited a potential US$B billion order for the Boeing 787. European planemaker Airbus hit the ground running at the start ofReuters - 463 words
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189 2007-06-20 18 Reuters [LE BOURGET, France] Delta Air Lines Inc is poised to start replacement of its widebody fleet, and will likely decide by the end of the year whether to go with Boeing Co's popular 787 Dreamliner or the Airbus AReuters - 189 words
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513 2007-06-20 18 Reuters [ROME] Alitalia's auction risks fizzling out altogether as it enters the final stretch, leaving the Italian government with the bleak prospect of pumping more cash into the unprofitable airline to keep it flying. Put up for sale by Rome amid much fanfareReuters - 513 words
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119 2007-06-20 18 US$1b order for Pratt Whitney unit Bloomberg [BOSTON] United Technologies Corp's Pratt Whitney unit, the world's second-biggest jet engine maker, won an order valued at as much as US$l billion from Spain's Grupo Marsans for engines and service for Airbus SAS's A 330. Grupo Marsans, the country's biggest tourism andBloomberg - 119 words
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Article2417 2007-06-20 18 OTT FUCNT ITA RJCWT «TP M*Mi LHf771 1750 2230 SQ268 1750 RA7382 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SQ269 2345 II SQ530 1930 /Mvte L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 A5mb2,417 words
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Page 18 Miscellaneous
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Miscellaneous179 2007-06-20 18 CRYPTIC CROSSWORD 27 They carry injections for a thousand French hens (8) Blf you hear it, you'll wake up 25 Rex takes snake out of grat--28 Island in March is bliss (8) (8) ing (4) 12 Doffs one's cap, then loses it YESTERDAY'S SOLUTION DOWN (5,4,3) 2 Slut accepts last179 words
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SHIPPING
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Article, Illustration544 2007-06-20 19 DONALD URQUHART - Marpol exemptions fuel fears that owners would shift vessels banned in EU, US to region By DONALD URQUHART [SINGAPORE] A senior Royal Dutch Shell shipping executive has rejected the view that it's okay to treat Asia as a dumping ground for older,FILE PHOTO - 544 words
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498 2007-06-20 19 Fall seen continuing till charterers book oil cargoes for July Bloomberg [SINGAPORE] The cost of shipping 80,000 tonnes of oil on Asian routes, which fell 1.2 per cent last week, may extend its decline until charterers book their cargoes for July.Bloomberg - 498 words
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746 2007-06-20 19 DAVID HUGHES - STRAIT TALK By DAVID HUGHES Well-known ship management figure Rajaish Bajpaee caused a stir in shipowning circles recently when he strongly criticised shipowners at the BIMCO meeting in Hong Kong for not paying enough attention to their seafarers. At a seminar746 words
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Article270 2007-06-20 19 SGX *000 J—H M W- Vol Ch Offshore 0.72 -0.01. 2827 ChuanHupHMgs .0.36 0.01 2906 CoscoCorp... ...3.58 0.14 ***** Cwt Limited 1.00 0.09 6042 Ezra Hldgs .5.55 -0.05 439 Freightunks 0.15 -0.01 ***** Grand Banks 1.14 0.05 81 Jaya Hold ltd 1*4 0.02 303 KlVenturas.. .032 unch 1983270 words
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487 2007-06-20 19 Bernama [NEW DELHII Underlining the need to secure sea lanes of the Indian Ocean, India expressed its readiness on Monday to play a role in protecting the Straits of Malacca as it decided to enhance defence cooperation with Indonesia. According toBernama - 487 words
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228 2007-06-20 19 AFP [BEIJING] China's 1.55 million sailors the largest group of maritime workers in the world will get improved rights including regular paid holiday and health insurance, state media reported yesterday. The new regulations, %which will come into force on SeptAFP - 228 words
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Advertisement19 2007-06-20 19 v 10 Anson Road #25-02, International Plaza, Singapore *****3 Tel: +65 6225 0555, Fax: +65 6225 0550, Email: info@kiribaship.com19 words
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EDITORIAL & OPINION
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505 2007-06-20 20 EDITORIAL THE latest government land sales programme reflects the balancing act that is required to respond to the booming property market in Singapore. The government announced last week its biggest ever land sales programme, offering a total of 41 Sites in the second half505 words
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Article, Illustration1003 2007-06-20 20 SHADA ISLAM - EU diplomats say that part of the problem is that Poland has not yet learned that making deals in the EU involves a complex game of compromise and give and take between EU states SHADA ISLAM Brussels Correspondent EUROPEAN Union leaders meetingAP - 1,003 words
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Article, Illustration781 2007-06-20 20 FRANK CHING - THE BOTTOM LINE FRANK CHING AS the US Treasury Department again refused to designate China as a currency manipulator, congressional critics of Beijing rolled out legislation that they hope would force a drastic appreciation of the yuan and cut the American781 words
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Article, Illustration1049 2007-06-20 21 MICHAEL R SESIT - To some, they are agents of evil threatening to usurp other countries' patrimonies by gobbling up strategic industries By MICHAEL R SESIT OVEREIGN wealth funds JF' are fast becoming the new masters of global finanee. Morgan Stanley predicts these govern--If| ment-owned investment entities will grow to U5527.7AP - 1,049 words
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Article, Illustration1489 2007-06-20 21 LEON HADAR - It should follow the proposals advanced in 1982 under which the West Bank and Jordan would form a confederation LEON HADAR Washington Correspondent REMEMBER that famous line "The Road to Jerusalem leads through Baghdad" promoted by US President George W Bush and his neoconservative1,489 words
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Article11270 2007-06-20 22 SGX MAINBOARD Transaction date: Jun 19 52-wks T(t Last Vol Day Last Quota Dl* Or YM Nat M Cap High Low Coda Came any Sa4a W- OM) HlS Low »oyor Saiaf Cvr Wl fll 3.5 2 5716 1st Softwara 2 SU» 19 6 3148 STelacam 1» *1.5 327211,270 words
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Advertisement168 2007-06-20 22 Not been making the most of the markets? Then it's time to trade CFDs with City Index Asia. Trad* multiple markets town Trade k»g or abort on Ihre market one account price* Manage your risk with >top losses and ftede slodBi, EWk md indlpee fcwn other order type* 7.8tt tn*x0a168 words
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Article5955 2007-06-20 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy %yr Jun 18 Index Change Change Change Change Change Change World Index Preliminary 1196.7 0.0 8.7 -0.2 9.5 0.1 9.2 EAFE Preliminary 1208.1 0J 9.1 0.0 9.7 0.2 9L4 Europe Preliminary5,955 words
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Advertisement12 2007-06-20 23 futures products ranging from Energy. Metals to Agricultures more details, visit www.phillipfutures.com.sg12 words
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Advertisement874 2007-06-20 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK STXPOTBN CAM/NFK/NOt/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.EA SERVICE Destination Destination LAURADA DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral ores, project874 words
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Advertisement638 2007-06-20 24 ygj PONGNAMAJLINE VESSEL (EVERY SUN) VOY I SGP I HKC (HT) TXT Y(* «OK M(X UKRTY ***** 24/06 21/04 02/07 03/07 05/07 MOIfORTUNI *****101/07 05/07 04/07 10/07 12/07 VISSE (EVERY SAT) VOY SGP HRG PUS INC TAO TSKELANG 70IN 23/04 27/04 01/07 03/07 05/07 SINAR SUNDA 292N 30/041 04/07 01/07638 words
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Advertisement652 2007-06-20 24 ImnKASu roko service Vtssa/VOT MMKKT) HBCHTW PUG WM 13 SW *L_ STRAITS SUCQSSI9 10 O '4/04 11/04 j IAUSTRAUAN KOKO WVW I VKSa/VOY RARRfffT) HBCHIffR) I LP I SW I Wl SVP Wfl Ml «E FONIAJIA/021 30 2.4 01-01/04 13-21/1* 25-25/04 27 28/04 30 30/04 positive leader /on too 5.0652 words
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Advertisement1670 2007-06-20 25 WAN HAI INTERNATIONAL PTC LTD a NO: 14*»J0000/* TH:*****588 (HUNK) FAX:*****163 VMXWAN HAI LINES JOHIH; (07) 2511T0 FAIL 10/J251W719K IB: fBl) JW5475 FA* (031) HW7I4/ CTI *5 w ..k.i mm XT *L (071)*****HFA*(021)57*7*FIXKL71UB/71UI1 FAI7IU7* »IH: 1061) 41S7M3HUL (061) *****25/4147W reu sw hkg mh b mc kwt his no tw kws1,670 words
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Advertisement1251 2007-06-20 25 f-jr\ EASTERN CAR LINER, LTD It 1 SPECIALIZE IN ROUP HEAVY UFT UPTO 450 TONs"~| vor »—wti uhwnm |si|m|wi|iT|«|ta tsremETHtm us u h/p* *4/m Q'/w HBSAAfIIL |5 35 g 24/04 ?*/0* LUNA AZUt 7» 35 «0 »/0j 02/07 BTKIUETHtW 144 40 04/0? 06/07 "/W ULAC AO S3 30 04/07 05/D71,251 words
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Advertisement546 2007-06-20 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa wr ml nuwc coloimo ushba conmw MowtAMM ma ilm_ awn am _ejb_ mm Hftjat ffWio? ZLM a«G nu "?M mwawwi oiisw mm I win I I mm ism MU*C(7nKKIIDCO(MIIUna»MtG(M(VMCOiaMO|MDUMDU(VUNSWV«) cohkimb mimb vju 10 warn monm.546 words
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THE BUSINESS TIMES SHIPPING TIMES
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3495 2007-06-20 26 This ETA ETA Advertiser Vos$«l Voyage Telephone I SIN Desfn Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 03/07 14/07 SCI SCI DIYA 725W *****355 08/07 19/07 SCI EMIRATES KANAKO 726W *****355 To ADELAIDE (ADL) 2007 Australia 01/07 20/07 China3,495 words
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Advertisement510 2007-06-20 26 [VESSEL VOY PKL I SIN I KHI DXB BAB DMM BIK KHO IRAN BAABAFI PC***** 22/06 23/06 02/07 05/07 06/07 12/07 13/07 13/07 IRAN &ATTARI PCLB2O4 03/07 04/07 13/07 16/07 17/07 23/07 25/07 2V<>J IRAN TABATABAEI PCLB2O6 06/07 07/07 16/07 19/07 20/07 26/07 28/07 30/07 VESSEL VOY SIN NHS BNP510 words
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Advertisement511 2007-06-20 26 PACC Container Line Pte Ltd I^/ VKSE VOY SM JRT MCmmt MO3 20/04 22/04 Mtmrcm MM 27/04 20/ M MCOMTAH MOS 04/07 04/07 MtOMTAM MO4 11/07 I^7 vtssa m mm EB MC MMGRA SJ4I 14/04 10/0* MCMWCM 5349 20/04 22/04 MCOAMCKA 5350 25/04 27/04 MCRAMCtA 5151 30/04 02/07 vtssa voy511 words
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Advertisement321 2007-06-20 26 fife GLORY NAVIGATION GROOPI I( SHKE I*7o I OWNS A OPERATES THE YOUNGEST FLEET 1 WITH TWELVE 7,000 DWT TWEEN DECKERS IcovmNO I THE ENTIRE ASIA PACIFIC PORTS I RKHJLM WHKLY SMVtCIS: a KAOHSIUNG A CHINESE PORTS, HONG KONO I TO A FROM I I SOUTHEAST ASIA J SMGAFOK :NMPWOOHSMrrM6(S)PIia»321 words
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ARTS FEST
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Article, Illustration1148 2007-06-20 27 PARVATHI NAYAR - His intriguing re-interpretation of the Ibsen classic has piqued local interest so much that an extra show has been added, reports PARVATHI NAYAR PARVATHI NAYAR #Jf OU can make a jm Mr political state- M ment without haranguing people from the stage," says American theatre1,148 words
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Article, Illustration557 2007-06-20 27 JUSTINE MOSS - The gypsies are here expect music to make you come alive By JUSTINE MOSS "GYPSY music" conjures up an image of colourful characters deftly playing instruments as well as belting out high-energy, uplifting vocals. The truth of this image will be put to the test this week. Taraf de Haidouks,557 words
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Advertisement176 2007-06-20 27 Your Daily Guide to the Arts Festival: What's On Today Jeremy Monteiro: Enjoy the smooth sounds of Singapore's "King of Swing" as he jams with international jazz luminaries Jimmy Cobb, Jay Anderson, Bob Sheppard and Roberta Gambarini. 7.30pm, Esplanade Concert Hall, Tickets $20 to $120, 110 minutes with intermission Full176 words
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Advertisement605 2007-06-20 27 i VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD. St WW.oot,ootl MULTICURRENCY DEBT ISSUANCE PROGRAMME SERIES NO. M 4 5VJ5.0.000 GUARANTEED FLOATING KATE NOTES DUE MOT Pursuant to Condition IS of the Notes, notice is hereby given that for the Interest Period beginning on 20 June 2007 and ending on (but excluding) 20605 words
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Advertisement626 2007-06-20 27 :»at- s NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF SP2 INTERNATIONAL LIGHTING PTE LTD (la Member!' Voluntary Liquidation) Reg. No. 1993MM7N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company duly convened and held at S3 Übi Avel, Paya626 words
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MOTORING
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Article, Illustration719 2007-06-20 28 SAMUEL EE - Region's growth rate expected to be twice that of the rest of the world By SAMUEL EE THE Asia-Pacific region accounted for 40 per cent of Rolls-Royce's bespoke business last year, and the ul-tra-luxury carmaker expects the region to continue growing twice as fast as719 words
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Article, Illustration573 2007-06-20 28 SAMUEL EE - More awareness about differences between policies By SAMUEL EE MORE and more people know just what to look for when it comes to choosing a motor insurance policy but there are still a few diehards who need some education on the subject. v The General573 words
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Advertisement32 2007-06-20 28 w^JF'jfcgmpSF ,-w>*%**-—— m7~" ■—as.. £fru.,. Jt 1 J ■HHH s^pore AN E-MARKETPLACE BROUGHT TO VOU BY CATS CLASSIFIED. SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL ißoo-iSs. 9988 (OFFICE HOURS). SAT 3 >gS SS»»32 words
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EXECUTIVE MONEY
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Article, Illustration769 2007-06-20 29 New lending environment forcing private equity firms and property tycoons to pull back Reuters RISING interest rates and a new wariness by lenders have slowed the US bilying spree in commercial real estate, leaving some property experts to suggest the sector's multi-year run mayReuters; BLOOMBERG - 769 words
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Article, Illustration847 2007-06-20 30 PHILIPPA HUCKLE - MONEY MATTERS Shift your investment decisions from the emotional to the cognitive via a disciplined, rational allocation methodology PHILIPPA HUCKLE IT'S carnival time for China stock markets. On the back of a massive 130 per cent rise in 2006, the market is up another whopping847 words
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Article, Illustration698 2007-06-20 31 TOBIAS LEVKOVICH - Despite the hurdles, there seems to be little reason to back off from a bullish stand on US equities By TOBIAS LEVKOVICH •K jgr ARIOUS US stock market torn m dexes have been either M breaking records or comV Jr ing close and yetSource:Citi Investment Research US Equity Strategy and Bloomberg as of May 24,2007; BLOOMBERG - 698 words
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Article, Illustration839 2007-06-20 32 R SIVANITHY - R SIVANITHY sheds light on how warrant issuers account for dividend payouts R SIVANITHY WHEN a company declares and pays a dividend, its share price usually rises then falls by the amount of that dividend, all other things being equal. This much most investors wouldREUTERS - 839 words
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Article, Illustration460 2007-06-20 32 It says developed economies no longer engine for global economic growth Reuters [LONDON] US fund firm Putnam Investments reckons many investors are not properly valuing what emerging market economic growth can mean for stocks in developed economies. In a presentation this week, managers from– Reuters; AFP - 460 words
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Advertisement87 2007-06-20 29 Sato by Exprnlon of Interest > rtot A i Appro*. MI.I sq.m c? fiSSS T~mr~ FraaboM 0t "»e 4 c -f> Matter Plan 2003 •«K<r Tlm n 0 c**~nc~ RaaMantial (Mat ratio 2.1) Restriction -rf*® ipUfi A-rto T 9 •—on/' Bornlca Chan MSB t o. e iMSS ,1,0 12 487 words
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Advertisement33 2007-06-20 29 W Eastern B^ B B I V. 1 mm< Mm§4 X P^*v^ fib.. '*PP'. Jfl PP^^pfe.. IBPWPPiWiPPp Bk '4%,. ;,.yj^^&,ij.. SMHft 7 fl|«| Blfatti' IS 1 4 H 'ditik ...^jJjK&- '«-4tt^- v '^Bw33 words
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Advertisement524 2007-06-20 30 /V n.L A i~ t rtffor an innr>\/ativ/P Underlying shares for Series 2: Oversea-Chinese Banking Corporation Limited, Keppel Corporation Limited, KaDOJet L.eris oner an innuvduve AHgreen Properties Limited, ComfortDelGro Corporation Limited opportunity to profit from the share Underlying shares for Series 3: United Overseas Bank Limited, Singapore Exchange Limited, price524 words
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Advertisement71 2007-06-20 30 Win a Fortis Watch when you take part in Buzz My Day on June 23. Log on to www.radio9l3.com or www.radioloo3.com to find out more today! Radio 91J and Radio 1003 are managed by SPH Unionworks, a subsidiary of GflP Singapore Rr*ss Holdings I Lianhe Zaobao I Mm I I71 words
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Advertisement179 2007-06-20 31 n* Various plot sizes Business park zoning Annual rent scheme or upfront land premium scheme Promixity to Singapore EXPO, EXPO MRT station and Singapore Changi Airport For more information, please contact Mr Dave Ong at 6883 3596 or Ms Sim Ling at 6883 3280 or call our Contact Centre Hotline179 words
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Advertisement27 2007-06-20 32 H MANAGEMENT PRIVATE BUSINESS CLIENTS v ilifetf*. •»> rag i 'slP^ Our clients'. A Passion to Perform. Dsiltsch© Bsnk For more information: www.db com 7h,s st*T»ent no? bet'27 words
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