The Business Times, 17 January 2009
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2009-01-17
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The Business Times
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Title Section15 2009-01-17 1 weekend THE BUSINESS TIMES JAN 17-18, 2009 Ssl.oo mS* AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg15 words
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Article616 2009-01-17 1 Chuang Peck Ming - Chuang Peck Ming GDP forecasts may be revised again in light of bad news: PM Lee By i peckming@sph.com.sg Singapore THINGS ,are worsening fast on the economic front. Barely two weeks after the government trimmed its economic growth forecast for 2009, it is looking to revise its estimate,616 words
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Article, Illustration1439 2009-01-17 1 Vikram Khanna Associate Editor - Vikram Khanna Associate Editor A government-funded lender for SMEs and restructuring home loans wall help vikratn@sph.cotn.sg Associate Editor THE upcoming Singapore Budget due to be unveiled on Jan 22 earlier than normal, but not a moment too soon will be the most important,FILE PHOTO - 1,439 words
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Page 1 Advertisements
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Advertisement23 2009-01-17 1 CHINESE NEW YEAR ALL DRESSED UP AND READY TOGO An update on the traditional cheongsam, and feasting without thefuss j^ L2,3Aimd6,7 'iSfjlfc, j23 words
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Page 1 Miscellaneous
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Miscellaneous143 2009-01-17 1 m€jm^-/m^S —> W_M EL THE RAFFLES CONVERSATION PEOPLE £J' M REAL ESTATE k PV MALAYSIAN SATIRISTS OCBC Bank (China) CEO F Have home prices IfcLJfe5 MAKE WAVES 8,9 on the Chinese market 111 started to correct? 36 S'PORE TRADE Exports slump continues December NODX fell far more sharply than expected143 words
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TOP STORIES
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MARKETS
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Article44 2009-01-17 2 STOCKS Friday Change KL COMP 896.47 -0.98 NIKKEI 225 8,230.15+206.84 HANG SENG 13,255.51 +12.55 SET 435.20 +8.94 JAKARTA 1,363.88 +20.38 MANILA 1,950.13 -4.84 KOSPI 1,135.20 +23.86 SHENZHEN B 631.78 +5.11 MUMBAI IND 9,323.59 +276.85 11.30am EDT Change DOW 8,284.41 +71.92 NASDAQ 1,522.39 +10.5544 words
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Article29 2009-01-17 2 Bloomberg SINGAPORE 5.38 MALAYSIA 6.63 HONG KONG 5.00 INDONESIA 16.891 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.50 SWITZERLAND 0.53 INDIA 13.00 Source:Bloomberg - 29 words
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Article49 2009-01-17 2 TUKEA USS SS US$ (S$ per US$) 1.489 (US$/S$ per 1.483 2.207 EURO(US$/S$/E) 1.322 1.968 Foreign currencies per US$, S$ YEN 90.30 60.70 RM 3.578 2.403 HK$ 7.759 5.212 BAHT 34.84 23.40 RUPIAH 11,145 7,486 RENMINBI 6.837 4.592 INDIAN RUPEE 48.84 32.81 A$ 1.489 1.00 NZ$ 1.831 1.23049 words
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Article, Illustration498 2009-01-17 3 Teh Shi Ning - Teh Shi Ning December exports plunged 20.8% to $10.5b, worse than a 17% fall forecast by economists By tshining@sph.cotn.sg Singapore EXTENDING their decline into .an eight consecutive month, December's non-oil domestic exports (NODX) plunged a larger than expected 20.8 per cent from a yearBLOOMBERG - 498 words
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759 2009-01-17 3 Siow Li Sen - Siow Li Sen By lisen@sph.com.sg Singapore MANY investors who got burnt by Lehman-linked products will find their wounds soothed by some form of compensation. The Monetary Authority of Singapore (MAS) said yesterday that of the 5,127 cases that had been reviewed by759 words
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Article, Illustration737 2009-01-17 4 Chuang Peck Ming; Emilyn Yap - Chuang Peck Ming Emilyn Yap It revises wage guidelines, which are to take effect immediately until June 30 this year By and peckming@sph.com.sg etnilyny@sph.cotn.sg Singapore WITH the economy sinking fast and more job cuts on the line, the National Wages Council (NWC)JOSEPH NAIR^HE STRAITS TIMES - 737 words
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666 2009-01-17 4 Emilyn Yap - Emilyn Yap etnilyny@sph.cotn.sg By Singapore The National Wages Council (NWC) has ruled out cuts to employers' Central Provident Fund (CPF) contribution rates for now, saying that recent measures to help companies manage wage costs are adequate. This reinforces market views that CPF rates666 words
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Article, Illustration688 2009-01-17 6 Bloomberg, Reuters, AP Its stock rises after optimism over good bank, bad bank plan New York CITIGROUP unveiled a plan to break into two businesses as a way to shed troubled assets, and reported a US$B.29 billion fourth-quarter loss, twice as much asBloomberg, Reuters, AP; BLOOMBERG - 688 words
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785 2009-01-17 6 Andrew Marks - Andrew Marks By btworld@sph.com.sg New York ANOTHER storm of pending disaster and government-aided narrow escape for a major US and global bank swept through Wall Street on Thursday, this time featuring Bank of America, the largest financial institution in the US,785 words
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Page 2 Miscellaneous
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Miscellaneous66 2009-01-17 2 NEWS LIVING Top stories 2-6 Shopping L 2-4 Raffles Conversation 8,9 Dining L 5-7 Week In Review TO Entertaining L 8 The CEO Column U Travel LIQ, 11 Companies 12-14 Home Garden Ll2 Singapore T5-T7 Weekend With Ll3 Letter From Abroad 18 Gadgets LT4 World T9-22 Health LTS Stocks stats66 words
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Page 5 Advertisements
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Advertisement27 2009-01-17 5 *^mmmm\ X lifailX mt& ___________t_^_______^___l j* -P^-M-^-h_-«^-i 'V-^B m» m _^_w KB \P*'*V K~»—»- V mwLv^*I. i I^^^B _^_E^_i I ifln K<pifolfejßtat4ftMl«l H S __._4_H _H ■IF"27 words
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Page 7 Advertisements
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Advertisement321 2009-01-17 7 VOLVO OCEAN RACE LAST 2 DAYS ill EArElflEil(*E Llrt AT SHE o2e™ EXTREME AND WIN CASH! H, Come to Volvo Ocean Race Village from &KJWM/*WMm{ T J? V_jl_^_f t^ii i 1 frifJiiaMan afeiiii m'^ mL.Am *2__? 17 to 18 January at ONE°IS Marina il WIN $I,ooo* r I_. I L321 words
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THE RAFFLES CONVERSATION
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Article, Illustration2009 2009-01-17 8 Meet Allan Perera and Indi Nadarajah, whose brand of biting satire has established Comedy Court as a veritable Malaysian institution. By S Jayasankasan A DEEP voice issues from the dark stage. It's discussing the results of Malaysia's 13th general election where many government candidates got dumped and wholePHOTOS COURTESY OF COMEDY COURT - 2,009 words
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Article76 2009-01-17 8 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean76 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK
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56 2009-01-17 9 SOME three years after starting operations as ChangPs third ground services player, European multinational Swissport International is pulling out of Singapore, bruised and battered. The world's leading provider of aviation ground services said it would be ceasing its ground handling operations in56 words
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60 2009-01-17 9 THE Indian government-appointed board of Satyam Computer Services said that its top priority is to find a new CEO. The board is also looking for a new chief financial officer. The company also appointed KPMG and Deloitte as its new auditors, as it60 words
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50 2009-01-17 9 CHINA'S exports fell by 2.8 per cent in December their steepest fall in a decade it was reported as the global economic downturn continued to exert increasing pressure on the Chinese economy. The fall came after a 2.2 per cent drop in November.50 words
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60 2009-01-17 9 HOTELS in Singapore are in for hard times, with analysts saying that double digit falls in room rates and occupancies could be on the cards in 2009. Hospitality consulting firm HVS International expects revenue per available room to fall to $171 in60 words
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63 2009-01-17 9 JAPAN'S crumbling economic fortunes were highlighted again yesterday when it reported a 66 per cent plunge in the current account surplus for November as exports collapsed. There was also a report that electronics giant and leading exporter Sony Corp will post an operating loss63 words
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57 2009-01-17 9 WEE Cho Yaw's UOL Group has made a $1.15 billion offer for all shares it does not own in United Industrial Corp. The offer for $1.20 a share values UIC at around $1.65 billion. UOL might also make an offer for UIC-controlled57 words
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51 2009-01-17 9 CATALIST companies still in search of sponsors are being wooed with discounts, even as the fee they must pay has squeezed itself into a narrower band. BT's latest poll of Catalist sponsors shows continuing sponsor fees settling in the region of $100,000 to51 words
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53 2009-01-17 9 FOR the first time since records began, container freight rates from Asia to Europe have hit flat zero. Apart from signalling just how dramatically trade has collapsed, the move smacks of sheer desperation as the lines try to recoup whatever revenue they53 words
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50 2009-01-17 9 THE year gone by was one to forget for developers as they managed to sell just 4,351 homes in 2008, representing the lowest figure in at least 10 years diving beyond the previous troughs of 5,156 and 5,520 units in 2003 and 1998 respectively.50 words
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Article, Illustration92 2009-01-17 9 APPLE Inc chief executive Steve Jobs will take a medical leave of absence till end-June because of health problems "more complex" than he thought, stunning investors and sending Apple shares down 10 per cent on the prospect of the company without its visionaryAP - 92 words
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Page 9 Miscellaneous
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Miscellaneous316 2009-01-17 9 CRYPTIC CROSSWORD across fi 2 |3 ~~nT~ |c |7 Is 8 What Scots language 1 Tons on wagon? A couple i^B__i,^_ mm contains? (5) (5) ill 14 Set off after several drinks 4 A deejay might assume a 9 110 and journey there and haughty manner (3,2,4) L— back (5,4)316 words
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Miscellaneous89 2009-01-17 9 NEXT WEEK Jan 19-23, 2009 US DATA Jan 20 Jan State Street investor confidence Jan 21 Jan housing market index Crude inventories Jan 22 Dec building permits Dec housing starts Initial job claims SINGAPORE Jan 21 Dec Consumer Price Index Dec index of industrial production EVENTS Jan 19 Eurogroup finance89 words
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FROM THE DESK OF
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Article, Illustration832 2009-01-17 10 Leong Wai Leng - Leong Wai Leng It is getting increasingly difficult and costly to recruit and retain the right people in China, but we have to accept that this is the norm in developing markets FROM THE DESK OF Chairman and CEO, OCBC Bank (China) Ltd HOW832 words
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COMPANIES
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Article, Illustration569 2009-01-17 11 Winston Chai - Winston Chai Telco paying a final dividend of 7.2 cents, bringing its full-year payout to 13.4 cents By winstonc@sph.com.sg Singapore MOBILEONE yesterday reported a 3.4 per cent decline in net profit to $36.6 million for the fourth quarter of 2008 as competitiveSHAHRIYA YAHAYAjTHE STRAITS TIMES - 569 words
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530 2009-01-17 11 Uma Shankari - Uma Shankari By shankan@sph.com.sg Singapore SHAREHOLDERS of loss-making textile supplier Ban 100 Company have received a mandatory buyout offer from new controlling shareholder Telemedia Pacific Group at the offer price of one cent a share. The deal values Ban530 words
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Article, Illustration871 2009-01-17 12 Jamie Lee - Jamie Lee CORPORATE FOCUS| A factor that brand owners have to grapple with is that The Hour Glass will gain pricing power if it succeeds in its bid. By THE Hour Glass's bid for Sincere Watch could disrupt the three-way danceFILE PHOTO - 871 words
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190 2009-01-17 12 Bloomberg Hong Kong FRASER Neave Ltd (F&N), Singapore's biggest beverage maker, hired four banks to help it borrow $300 million to refinance maturing debt and boost working capital, three people involved in the matter said. Bank of Tokyo-Mitsubishi UFI Ltd, Calyon, MalayanBloomberg - 190 words
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Article, Illustration611 2009-01-17 13 R Sivanithy Senior correspondent - R Sivanithy Senior correspondent STOCKS| sivan@sph.com.sg Senior correspondent f ELL into strength" was Citi Investment Research's recom- j mendation with reW_ y gard to property stocks at the start of this week but it might as well have applied to the broad market as611 words
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Article117 2009-01-17 13 VOL CLOSE Iolden As 71,245 27.5 0.5 1.9 Ihina Hon; 52,071 19 0.0 0.0 in Joo 27,144 2 0.5 33.3 eini ;Tel 21,636 252 9.0 3.7 Joble Gl 21,387 102 3.0 3.( )BSDBeCW*****3 17,811 13 1.0 8.3 IndoAi 15,013 57.5 1.0 1.8 14,834 274 6.0 22 Iosco117 words
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Article56 2009-01-17 13 CLOSE UP iLD 10US$ 8076 142.8 i.: ir MS India 10US: 732 38.7 3/ ICBC Bk 5.1%NCPS 100 9198 38.0 0.. IOB 1212 36.0 3.' eBS Gri 848 28.0 3.. ICBC Bk RBePW*****3 153 27.0 21.. A 1122 20.0 1.! ;gx 517 18.0 3.( IOB 5.05%NCPS 100 935056 words
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Article49 2009-01-17 13 CLOSEDOWN IMH 1910 -130.9 -4.. ICBC Bk4.5%NCPS 100 8260 -30.0 -0.. iBAReCW***** 14 -20.0 -58.! Land 334 -15.0 -4.: IK Land 217 -10.4 -3.lCBCCa| 5.1%NCPS 9000 -10.0 -o.eBS DB ePW*****2 63 -9.5 -13.iTXPO 100 1060 -8.0 -o: ;han: La Asia 900 -6.9 -3.! :astube 29 -6.5 -18.:49 words
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Article106 2009-01-17 13 apitaLand 2.740 +0.060 litaMall 1.480 +0.020 :if Oev 5.790 +0.040 ]osco Con 0.835 +0.030 IBS Grp 8.480 +0.280 :&N 3.010 +0.010 ient Intl 0.460 +0.010 iolden Ai 0.275 +0.005 IK Land 2.170 -0.070 IMH 19.100 -0.880 ISH 10.000 +0.120 lardine C&C 10.820 +0.020 >el Con 4.250 Land 1.560106 words
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Business briefing
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105 2009-01-17 13 A SUBSTANTIAL shareholder of troubled tech firm Advance Modules has raised his stake in the firm to 18.24 per cent from 7.05 per cent. A filing with the Singapore Exchange shows that the higher stake resulted from "an off-market transaction" on Jan 14105 words
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92 2009-01-17 13 JES International Holdings said that two customers have negotiated for revisions to their shipbuilding contracts for bulk carriers. Under the revisions, four units from one customer and two units from the other customer will be cancelled while the delivery dates for the other92 words
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45 2009-01-17 13 UNITED Industrial Corporation (UIC) has appointed ING Bank as the independent financial adviser on the offer by UOL Group. UOL is making a $1.15 billion offer for all shares it does not own in UIC.45 words
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80 2009-01-17 13 CRANE operator Tat Hong Holdings said yesterday that profits for the third quarter ended Dec 31, 2008, will be lower compared with the same corresponding quarter in 2007. This is due to forex losses as a result of the weakening Singapore dollar80 words
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59 2009-01-17 13 ADVENTUS Holdings said yesterday that it will report larger than expected net losses for the full year ended Dec 31, 2008. The results for the second half of FY2OOB have been affected by write-offs and provisions for impairment losses on the group's59 words
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83 2009-01-17 13 YONGNAM Holdings has been awarded its single largest contract to date, valued at $185.5 million, for the skm Marina Coastal Expressway. Yongnam will provide temporary steel pipe pile cofferdam, steel waling and strutting works, construction decking and other associated works, to be constructed83 words
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96 2009-01-17 13 GUOCOLAND has entered into an agreement with ECC VNPI through its wholly owned subsidiary, GuocoLand Vietnam (GLV), to establish ajointventure company that will develop a retail mall in the Binh Duong province. ECC VNPI is a wholly owned subsidiary of European Construction96 words
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108 2009-01-17 13 JIUTIAN Chemical Group said yesterday that it is likely to report a loss for the fourth quarter ended Dec 31, 2008. It said that it has to provide for a 15.3 million yuan (553.35 million) impairment on the value of its chemical108 words
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96 2009-01-17 13 WBL Corp said that a proposed property project in China's Shenyang province with an affiliate of GIC Real Estate has been terminated due to non-fulfilment of certain conditions. The GIC Real Estate unit, Reco Shenyang, said that the allotment and issue of96 words
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Page 12 Advertisements
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Advertisement81 2009-01-17 12 f# Rh Spread the CNY festive cheer with your staff or Business Associates! Get some Singapore Sweep tickets to spread the CNY festive cheer with your staff or Business Associates. Free delivery* with minimum order of 300 tickets plus free red packet for every ticket. Call 6216 8723 before 2381 words
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SINGAPORE
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475 2009-01-17 14 Samuel Ec - Samuel Ec Photo evidence would minimise disputes, shorten repair turnaround time, says the General Insurance Association By samuelee@sph.com.sg MORE traffic accidents are being reported and the percentage of late reporting has fallen sharply since the Motor Claims Framework (MCF) came into effect on June 1,475 words
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Article, Illustration239 2009-01-17 14 Nisha Ramchandani - Nisha Ramchandani By nishar@sph.cotn.sg QANTAS has extended its A3BO network to Singapore and the United Kingdom with the launch of an A3BO service on the Kangaroo Route. Qantas plans to operate three A3BO services each week on the Syd-ney-London routeAFP - 239 words
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191 2009-01-17 15 THE Civil Aviation Authority of Singapore (CAAS) ,and the Republic of Singapore Air Force (RSAF) signed a memorandum of underst,anding (MOU) yesterday that will enable retiring RSAF air traffic controllers to pursue a second career with the CAAS as civili,an air traffic controllers.191 words
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404 2009-01-17 15 Conrad Tan - Conrad Tan SG Private Banking CEO welcomes end to 'ridiculous' levels of private banker pay By conradt@sph.com.sg AMID the gloom of a severe economic recession, the head of one private bank here welcomes an end to the mad hiring spree for new staff that404 words
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Article, Illustration457 2009-01-17 15 Christopher Lim - Christopher Lim By limchris@sph.cotn.sg BT's first Wine Night of the year on Tuesday had a spectacular sea view, thanks to event sponsor Reflections at Keppel Bay. "This has been a way for us to say thank you to our partners and those CEOsYEN MENG JIIN - 457 words
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Article, Illustration358 2009-01-17 16 Teh Shi Ning - Teh Shi Ning But Singapore comes in low in citizen participation, survey finds By tshining@sph.cotn.sg SINGAPOREANS are more satisfied with their government's delivery of public services than citizens elsewhere, but they are also least engaged in political ,and socM life, says anFILE PHOTO - 358 words
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172 2009-01-17 16 THE government has received over 900 suggestions in its annual pre-Budget feedback exercise, the Ministry of Finance said yesterday. This year's Budget is due to be presented on Jan 22. The Ministry said that over 80 per cent of the suggestions were measures to172 words
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Article257 2009-01-17 16 Brittany Khoo - Brittany Khoo By bkhoo@sph.com.sg SPRING Singapore and Nanyang Polytechnic unveiled a Centre of Innovation for Electronics (COIE) yesterday, the latest to be launched by Spring in collaboration with the polytechnics to provide technology help for small and medium enterprises (SMEs). The centre, which cost $7 million257 words
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Page 14 Advertisements
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Advertisement151 2009-01-17 14 t?i(| ft*'" \wF l HOLIDAYS ARE HERE AGAIN! Take advantage of Hotel Nikko Kuala Lumpur's bonanza deals for the holidays. WEEKEND VALUE BUY with room rates from Ssl2s++ per night (room only) and 20% discount at The Sompoton Spa Level 5. OR The NEW YEAR DEAL at Ss224++ per night151 words
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Page 15 Advertisements
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Advertisement152 2009-01-17 15 g^NOTICES INTHEMAHEROF THE COMPANIES ACT [CAP. 50) AND INTHEMAHEROF CENTRE FOR CLEANING TECHNOLOGY PTE LTD [In Members' Voluntary Liquidation) Company Reg. No. *****1290W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of members of the abovenamed152 words
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Page 16 Advertisements
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Advertisement181 2009-01-17 16 Over 5 Million Dollar Jewellery Inventory IST BE LIQUIDATED! This property shall be offered at this one day auction. Items obtained from govt, auctions plus the addition of goods which constitute the majority. OVER 500 LOTS mWmmi it'"mmf' <' Imm1 mm C«s=*- "S* Sapphire 48.02ct. »JLWL Dia. 2.51 ct. Sapp.181 words
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LETTER FROM ABROAD WITH ASCOTT
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Letter, Illustration717 2009-01-17 17 Christine Yong - Christine Yong Mouth-watering fruits and an abundant supply of vegetables aside, I'm evolving into a herbivore mainly due to the waste disposal system here. LETTER FROM KAIZU CITY Teacher The writer is working as an assistant language teacher at Kaizu Meisei Senior High School in Kaizu City,717 words
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Page 17 Advertisements
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Advertisement191 2009-01-17 17 NOW DEFINING GLOBAL LIVING IN SINGAPORE f ]M m X^ X From the spacious exclusivity and refinement of Ascott to the pampering Ascott Singapore Raffles Place m- 'n E| touches for the family at Somerset, or the vibrancy of independent city-living (Now Open For Daily Bookings) ~X~, I I -'_B^^!!MH191 words
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Advertisement15 2009-01-17 17 THE ASCOTT GROUP A Member of Capita Land This series is brought toyou by TheAscottGroup15 words
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WORLD
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Article, Illustration538 2009-01-17 18 S Jayasankaran - S Jayasankaran By btworld@sph.com.sg Kuala Lumpur CAMPAIGNING ceased at midnight yesterday for an important by-election in the parliamentary constituency of Kuala Terengganu ahead of voting later today. The election is essentially a contest between Wan Farid Salleh of the United Malays National Organisation (Umno) andAFP - 538 words
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245 2009-01-17 18 Reuters Jakarta INDONESIA has rejected a proposal by Exxon Mobil Corp to develop the giant Natuna D-Alpha gas field as it believes that the contract held by the US oil major expired in 2005, the energy minister said yesterday. The move, revolving around theReuters - 245 words
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454 2009-01-17 18 Pauline Ng - Pauline Ng By btworld@sph.com.sg Kuala Lumpur ONLY a third of companies approved for public listing last year by Malaysia's securities watchdog did so, with the remainder deciding that weak market conditions were too dicey to chance. Ten out ofthe 31454 words
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755 2009-01-17 19 AP, AFP Recession foiling government effort to close long-standing income gap The deepening crisis could lead to a regime change in Beijing and devaluation of the yuan. Albert Edwards, Societe Generate analyst Shanghai THE politically divisive income gap between China's affluent city dwellers and itsAP, AFP - 755 words
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433 2009-01-17 19 Anthony Rowley - Anthony Rowley By btworld@sph.com.sg Tokyo THERE is no way out of the current global recession without maintaining an open global trading regime, US Chamber of Commerce president and CEO Thomas Donohue argued in Tokyo yesterday. He was speaking at the end of a three-nation433 words
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Article, Illustration585 2009-01-17 20 AP, Bloomberg But his plan to spend USsB2sb more draws scepticism Washington STILL days from taking office, Presi-dent-elect Barack Obama scored his first victory in Congress, winning Senate approval to spend the second half of a massive US$7OO billion fund to bail outAP, Bloomberg; BLOOMBERG - 585 words
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385 2009-01-17 20 Reuters, Bloomberg LATEST US DATA Washington US inflation slowed to a half-century low last year and industrial output dropped for the first time since 2002 as the recession deepened towards year-end, raising the spectre of deflation. In better news, confidenceReuters, Bloomberg - 385 words
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Article, Illustration537 2009-01-17 21 Bloomberg Obama team sees mounting crisis, ready for more radical action Washington IN WHAT may become the biggest effort yet to unfreeze lending, regulators are considering a new plan that would remove toxic assets from bank balance sheets amid renewed questions aboutBloomberg; THE STRAITS TIMES - 537 words
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Article, Illustration409 2009-01-17 21 AP Washington UNPOPULAR but unbowed, US President George W Bush defended his tumultuous two terms in a farewell address to the nation on Thursday night, claiming a series of successes at home and aboard. Reaching back to the Sept 11,2001 attacks, when the publicAP - 409 words
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260 2009-01-17 21 Reuters Boston BERNIE Madoff's investment fund may never have executed a single trade, industry officials say, suggesting that detailed statements mailed to investors each month may have been an elaborate mirage in a US$5O billion fraud. An industry-run regulator for brokerage firms saidReuters - 260 words
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Page 19 Advertisements
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Advertisement70 2009-01-17 19 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 Chic retro design with white exterior A red interior cushioned A wall that is Jm W upholstered in fabric I Durable stylish w 11 fiberglass shell Wl Swivels 360 degrees Removable interior cushions for easy70 words
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Page 20 Advertisements
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Advertisement401 2009-01-17 20 w A SATS PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0381N NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pacific Century Regional Developments Limited (the "Company") will be held at Raffles Town Club, Dunearn 1, Level401 words
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Page 21 Advertisements
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Advertisement16 2009-01-17 21 t*V©#L Lianhe Zaobao China's solar tycoon caught in global financial storm cT) AwWW H il \M16 words
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SGX
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Article2265 2009-01-17 22 Transaction date: Jan 16 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap $mil 1.5 3 3148 8Telecom j4J 3 5834 A-Sonic JO 100 6389 ABF SG Bond ETF 10.5 12 5000 ABR Hldgs 92,265 words
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Article3103 2009-01-17 23 Transaction date: Jan 16 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 153 253 DBS R [50 251 DBS R500 12.1 7.5 5736 DMXTech [68 364 3505 DairyFarm 028 608 5401 Daiwa FT3,103 words
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Article3335 2009-01-17 24 Transaction date: Jan 16 SZ-wks Tel Last ligh Low Code Company Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld Net M Cap C'vr P/E $mil 10 12 5105 Mercator 13.5 61 19 5810 Mermaid 23 16 32 3511 Metro Hldgs 36 •3 37 1929 Micro-Mechanics 373,335 words
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Article1504 2009-01-17 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181 s AAGrp !2 16 8538 s APStrategic i 1 1501 s Advanced System 7 2 3480 t Adventus !8 12.5 3518 s Afor !2.8 2.7 1524 s Alantac >.O 3.5 7814 s1,504 words
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Article52 2009-01-17 25 MAIN Up Down Unch 6 3 3 SDQ Up Down Unch 0 0 0 TOTAL Up Down Unch 6 3 3 Multi Ind Taruil hactunnj .ommerce -inance ,onst :rud :ion Tro\ >erties ToteT SET >ervices las/ _er ;ure iarr Active counters with no volume for today are52 words
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Article181 2009-01-17 25 STOCK PRICES LEGEND: Straits Times Index Stocks- s Catalist Non Sponsored- t Catalist- N Net or Tax-exempted dividend- ct Conditional Trdg xd ex-dividend cd cum dividend- cri cum right issue cbi cum jonus issuexri ex-right issue- xbi ex-bonus issue xall ex-all- cdxa cum dividend ex-all co cum181 words
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Article812 2009-01-17 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 12 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After812 words
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STOCK MARKETS
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Article, Illustration19 2009-01-17 26 YTD change:-1.77% 52-week high: 3,269.88 on May 5,2008 52-week low: 1,473.77 on Oct 28,2008 Source: BloombergBloomberg - 19 words
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Article, Illustration20 2009-01-17 26 YTD change: -7.87% 52-week high: 26,387.30 on May 5,2008 52-week low: 10,676.20 on Oct 27,2008 Source: BloombergBloomberg - 20 words
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Article, Illustration25 2009-01-17 26 YTD change:-6.43% 52-week high: 13,136.60 on May 19,2008 52-week low: 7,449.38 on Nov 21,2008 (Chart shows Thursday's index closing) Source: BloombergBloomberg - 25 words
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368 2009-01-17 26 In local curr In S$ In US$ %dy %yr %dy %yr %dy %yr Index Change Change Change Change Change Change Jan IS World Index Preliminai 627.6 -2.1 -44.5 -2.2 -44.9 -2.5 -47.1 tEAFE Preliminai 608.9 -1.9 -45.7 -2.2 -47.8 -2.5 -49.8 Euro| Preliminai 856.7 -1.2368 words
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Article, Illustration21 2009-01-17 26 YTD change: +7.34% 52-week high: 5,396.04 on Jan 16,2008 52-week low: 1,664.92 on Oct 28,2008 Source: BloombergBloomberg - 21 words
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Article, Illustration18 2009-01-17 26 YTD change:-7.10% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Source: BloombergBloomberg - 18 words
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Article64 2009-01-17 26 Jan Ts| COCOA (£/tonne) Close Prev Hi! 'Low Mar 09 1736 1751 1746/1715 May 09 1710 1721 1718/1689 JulO9 1698 1710 1705/1688 SepO9 1690 1700 1702/1675 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1950 unch 1964/1925 SUGAR (US tonne) White Close Prev High/Low Mar 09 333.7 324.6 336.4/325.9 May64 words
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Article95 2009-01-17 26 Jan Ts| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Mar 09 994.50 971.*****5.00 957.75 May 09 1003.25 980.*****2.50 966.25 JulO9 1013.25 990.*****1.00 976.00 AugO9 1009.50 -1032.50 996.50 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Mar 09 34.40 34.05 35.00 33.64 May 09 34.77 34.43 35.3795 words
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Article75 2009-01-17 26 Jan Ts| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 46.41 0.10 34.80 -2.55 45.56 0.25 47.05 -1.00 45.60 -1.00 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 40.10 -2.00 59.93 -1.77 USS/barrel Opec Oil Basket Price75 words
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Article75 2009-01-17 26 Jan J6\ GOLD (US$/oz) Jan 15 Jan 16 Hong Kong 809.50 818.40 810.50 819.40 Jan 14 Jan 15 London 811.05 809.20 813.05 811.20 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 16.07 15.84 Source: UOB PLATINUM Lon (US$/oz) Jan 15 Close Previous PM Fix 918.00 935.00 AM Fix75 words
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Article151 2009-01-17 26 Janj2 Against S$ Currencies Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9988 1.0013 Against US? Bid 0.6716 Offer 0.6719 Canadian dollar 1.1968 1.1995 0.8048 0.8049 Euro 1.9655 1.9700 1.3216 1.3220 NZ dollar 0.8116 0.8142 0.5457 0.5464 Sterlini 2.2045 2.2098 1.4823 1.4829 US dollar151 words
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Article65 2009-01-17 26 Jan 16\ KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price !*> Low Vol Open Done Position Hi, Jan 09 FebO9 Mar OS Apr OS 1848 1830 1835 1828 Tots] o/p: ***** contracts 1850 1850 1803 1845 1845 1780 1833 1840 1780 1836 1836 178065 words
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Article70 2009-01-17 26 Jania Aluminium, 99.7% purity (US$/tonne) lickel ;us$/tonne; Close Previous Close Previous Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.00 *****.00 Cash 3 months Copper, Grade A 1445.80 1480.00 1458.80 1495.00 ;us$/tonne) Cash 3 months Lead (US$/tonne; 3248.00 3280.00 3252.00 3286.00 Cash 3 months Zinc, Special Hi; *****.00 *****.0070 words
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Page 22 Advertisements
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Advertisement27 2009-01-17 22 W iCDEMARSPIGUET iMmm&mL fefe^r jjjlft ie maitre de rhorlogerie depuis 1875 y /'^JBIHpW V*s?t ''^Sl&l For enquiries, Tel: (65) 6238 6678 www.audGmarspiguet.com .^^^..^rTEs^^f* *i.V .1' .<-. TX-,% i":27 words
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PERSPECTIVE
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Article, Illustration904 2009-01-17 27 Yogi Aggarwal - Yogi Aggarwal High-tech IT company Satyam has lost its way in its greed to acquire the most basic form of wealth land By AFTER the whirlwind of 2008 when global financial giants such as Lehman Brothers went belly up and others such as AIG, Merrill904 words
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864 2009-01-17 27 David Brooks - David Brooks NYT By ONCE there was just Newtonian physics and the world seemed neat and mechanical. Then quantum physics came along and revealed that deep down things are much weirder than they seem. Something similar is now happening with publicNYT - 864 words
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Wealth
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WEALTH INVESTING
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Article, Illustration847 2009-01-17 28 Genevieve Cua - Genevieve Cua Blackrock says macro economic environment very challenging, but sees investment opportunity in non-US government bonds and investment-grade corporate debt By THE economic outlook looks grim over the next two years, says Blackrock head of asset allocation and economics Richard Urwin. ButYEN MENG Jlll\; AFP - 847 words
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162 2009-01-17 28 The US economy faces its first nominal GDP decline in 50 years. Global growth falls below 2 per cent for the first time since 1991. Inflation falls close to zero in many developed countries, but widespread deflation is avoided. The US162 words
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Article733 2009-01-17 28 Lynette Khoo - Lynette Khoo Singapore Exchange Fully valued DBS Vickers, Jan 16 close: $5.17 WITHIN expectation: SGX's $75 million net profit for Q209 was within expectation. All three revenue streams fell q-o-q with key disappointment from derivatives due to lower investment flows from the Nifty contracts for the quarter. Y-o-y,733 words
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Article, Illustration1202 2009-01-17 29 Ben Fok CEO, Grandtag Financial Consultancy ( S - Ben Fok CEO, Grandtag Financial Consultancy (S) WEALTH INSIGHTS As you approach retirement, you need to re-examine your risk tolerance and assess the risk of your portfolio to avoid huge losses during times likes these CEO, Grandtag Financial Consultancy (S) WHILE attending a dinner recently,1,202 words
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Article, Illustration1324 2009-01-17 30 Teh Hooi Ling Senior correspondent - Teh Hooi Ling Senior correspondent SHOW ME THE MONEY A lack of volatility in companies' financial statements or fund managers' performance should be seen as a red flag hooiling@sph.com.sg Senior correspondent THE latest Buttonwood column in The Economist is an article entitled "In praise of1,324 words
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Article, Illustration998 2009-01-17 31 Floyd Norris - Floyd Norris NYT The great dividend news from 2004 through 2006 was not an indication of solid corporate performance; it was just another sign of lax lending standards By ividends don't M lie.' Chalk up the death of \^L\ another Wall W Street cliche. mWNYT - 998 words
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WEALTH REAL ESTATE
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Article, Illustration279 2009-01-17 32 The structures, in Katong and Joo Chiat, include shophouses and churches Singapore THE Urban Redevelopment Authority (URA) yesterday said it would conserve another 100 buildings in Katong and Joo Chiat to retain the area's history and character. The buildings comprise 95 shophouses and terraceFILE PHOTO - 279 words
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Article, Illustration922 2009-01-17 33 Arthur Sim - Arthur Sim The residential property market has started to slide, resulting in more affordable homes. WHILE many will be worrying about losing the roof over their heads, 2009 may just be the year for some to find a new one. From luxury to mass marketFILE PHOTO - 922 words
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Page 32 Advertisements
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Advertisement391 2009-01-17 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 3 District 16 NON-LANDED NON-LANDED Ctl Green Cdo Apt 22/12/2008 99 1292 878 680 CasaMerah Apt 23/12/2008 99 958 593 619 r: Theßayshore391 words
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Page 34 Miscellaneous
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Miscellaneous111 2009-01-17 34 "'-ilm'l Ifi Mi J Sim' I (Ml |g With more contemporary looks and designs, the cheongsam has found a growing legion V of fans among younger women V m DINING m. Takeaway festive feasts L 6-7 M X GUEST CHEF n Majestic Restaurant's Yong Bing Ngen L 8 ;d DESIGN111 words
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BT Living
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SHOPPING
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Article, Illustration1436 2009-01-17 35 Melissa Lwee - Melissa Lwee The traditional Chinese costume has remained popular by keeping up with the changing times. By IT'S that time ofthe ye,ar when thoughts ofthe Chinese heritage invade the consciousness of those who celebrate the Lunar New Year. To wear or not to wear, that is the question1,436 words
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Article, Illustration287 2009-01-17 36 Melissa Lwee - Melissa Lwee Get into the Chinese New Year mood by surrounding yourself with Oriental paraphernalia. From homeware to accessories, it's easy to cosy up to these Chinoiserie-inspired products. By LOANG NOI Hang the credit crunch especially if you've got this around your neck. Be the belle of287 words
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DINING
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Article, Illustration1091 2009-01-17 37 Geoffrey Eu; Jaime Ec - Geoffrey Eu Jaime Ec The Tanglin area isn't exactly a hot spot for food, but residents can now enjoy the convenience of a glitzy mini-mart with a deli counter, and a child-friendly bistro Cold Storage Specialty 11 Cuscaden Road #01-01 Tanglin Shopping Centre Opening hours Bam-10pmARTHUR LEE; YEN MENG JIIN - 1,091 words
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Article, Illustration1519 2009-01-17 38 Jaime Ec - Jaime Ec Takeaway festive food served in the comfort of your own home. What could be easier? By NOT everybody fancies the idea of trekking to a crowded restaurant to eat the same assembly line reunion meal. But when cooking at home is not an option, then takeawayARTHUR LEE - 1,519 words
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ENTERTAINING
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Article, Illustration777 2009-01-17 39 Audrey Phoon - Audrey Phoon guest chef Majestic Restaurant chef Yong Bing Ngen shares how a hot claypot dish can stir up warm feelings at Chinese New Year. THE Chinese have an ancient saying that when the autumn wind blows, the time is ripe for preserved meats {qiufengxi, shi la weiPHOTOS BY YEN MENG JIIN - 777 words
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217 2009-01-17 39 Serves 10 Ingredients 700g rice 900 ml water y 4 tbsp salt 4 pcs preserved Chinese sausage 4 pcs preserved liver sausage 1 ream preserved pork belly 1 pc preserved duck leg 10 sprigs kai lan Chopped spring onions to217 words
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TRAVEL
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Article, Illustration1267 2009-01-17 41 Maisy Koh - Maisy Koh Whether it's spiritual or bodily nourishment you're seeking, you'll find it in Santiago de Compostela. By AS YOU approach the Galician capital of Santiago de Compostela, its reputation as one of the most sacred sites in Christendom becomes clear once you catch sight of pilgrimsPHOTOS COURTESY OF NATIONAL TOURIST OFFICE OF SPAIN - 1,267 words
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HOME & GARDEN
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Article, Illustration686 2009-01-17 42 Geoffrey Eu - Geoffrey Eu design Claus Sendlinger of Design Hotels explains what gives a property its exclusive vibe. By CLAUS Sendlinger was a public relations guy working in event planning for the music industry in the late-1980s when he noticed that the musicians and DJs he was booking tripsYEN MENG JIIN - 686 words
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WEEKEND WITH
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Article, Illustration957 2009-01-17 43 Amanda de Guzman - Amanda de Guzman Duncan Craig loves leather, chains and big, loud bikes but not the wild lifestyle. By WEEKEND WITH DUNCAN CRAIG DIRECTOR OF OPERATIONS CARLSON HOTELS WORLDWIDE ASIA PACIFIC AT your next concert, look out for that menacing guy in leather and chains. He's there to makePHOTOS BY ARTHUR LEE - 957 words
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GADGETS
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Article, Illustration956 2009-01-17 44 Christopher Lim - Christopher Lim HAVE you ever had f to travel all the way to your office just to use your desktop PC anchored there? There have never seen so many laptop options to choose rom, so pick one that suits your needs and revel in the freedom.956 words
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HEALTH
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Article522 2009-01-17 45 Cheah Ui- Hoon - Cheah Ui-Hoon my aching body head to toe Here are some solutions to deal with the pain and stiffness of frozen shoulders. FROZEN shoulders are common, but till today, how they come about continues to baffle doctors. What doctors do know is that women around 40522 words
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Article, Illustration454 2009-01-17 45 ONE of the newest treatments for torn muscles and tendons is having your own platelets injected back into the injured area. This is a novel procedure in sports medicine, even though the Platelet Rich Plasma (PRP) method has been used in other fields of medicine,454 words
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SPORT
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Article, Illustration806 2009-01-17 46 no holds barred AS tennis fans get ready for the first Grand Slam event of 2009, the Australian Open, all eyes are on the British No 1, Andy Murray. The 21-year-old Scot has been the hottest player on the men's circuit since the second half of lastAP - 806 words
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359 2009-01-17 46 Bloomberg London SATYAM Computer Services Ltd, the Indian software exporter facing fraud allegations, is reassuring soccer's governing body that the company can continue its role in the 2010 World Cup, a company executive said. Dilbagh Gill, Satyam's head of sport, spent two daysBloomberg - 359 words
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GOLF
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Article, Illustration1120 2009-01-17 47 Justine Moss - Justine Moss Despite operating in the golfing shadows Kia Ma is regarded as one of the best in the business when it comes to putter design. By WHEN it comes to Asians making a splash on the international golfing scene, it's not just the likes of1,120 words
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MOTORING
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Article, Illustration603 2009-01-17 48 Samuel Ec - Samuel Ec On paper, these two German sedans appear very similar both have been recently facelifted, and both have three-litre, six-cylinder engines with forced induction. But from behind the wheel, they are as different as chalk and cheese. By IT is amazing what a supercharger and603 words
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Article, Illustration602 2009-01-17 48 Samuel Ec - Samuel Ec IT may have similar performance and pricing but unlike the mid-sized Audi A 6, it is obvious that the BMW 335 i sedan is a smaller car. There is another major difference. While the A 6 3.0 TFSI has a supercharger for its V602 words
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Article, Illustration784 2009-01-17 49 Benjamin Ng; Samuel Ec - Benjamin Ng Samuel Ec By THE annual Tokyo Auto Salon seems to have succumbed to the economic malaise. Last weekend's annual auto accessories show was not as glamorous as before, unlike in previous years where customisation had been glorified to almost extravagant heights. New models unveiledPHOTOS BY BENJAMIN NG - 784 words
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Page 40 Advertisements
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Advertisement453 2009-01-17 40 jfjfmM&jk Xheavenlya* [BROWNU__m» r^W |j RlCESgwy Jf^A t Make Brown Rice^^ I^^ With so much flavour and natural goodness in a grain, it's time to sit up yflj »_4o I^^ and take notice of nutritious brown rice. Hpt? w^^- N Being cholesterol-free, trans fat-free, 9fl J^S j sodium-free, gluten-free and453 words
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Page 41 Advertisements
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Advertisement745 2009-01-17 41 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant and Le Jardin des Sens in Montpellier, this 6826-8240 I I 35 O h d W former right-hand man to the Michelin star Marina Mandarin Singapore Chinese New Year Celebrations iJSrituI^Mandarin SiSore twin chefs Jac^ues and Laurent Poucel is set 6 Raffles745 words
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Page 45 Advertisements
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Advertisement182 2009-01-17 45 This is the second in a four-part series brought to you by <•• Parkway Health™ At Parkway Health, we strongly believe that you are never too old or too young to improve your I lio^ufriffSlrwiM bone health. With healthy nutrition, physical activity as well as regular medical check-ups, you '<182 words
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Advertisement11 2009-01-17 48 V^S^SNE F-g^/ £S^£fimmm^x^Ukw\ BTL' MERCEDES-BENZ MERCEDES-BENZ MERCEDES-BENZ E2OO SLK 200 535011 words
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