The Business Times, 17 December 2010
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2010-12-17
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The Business Times
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Title Section23 2010-12-17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, December 17,201023 words
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Article, Illustration930 2010-12-17 1 GRACE LEONG - They frontload bonuses, open regional offices and ride the arbitration wave By GRACE LEONG [SINGAPORE] Facing increasing competition from foreign law firms, more local law firms this year have begun frontloading annual bonuses into larger monthly salaries to sweeten pay packages a trend930 words
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Article141 2010-12-17 1 GST INDEX 3,147.67 (+0.47) GST INDEX FUTURES 3,142 (+1) HSIMSCI 371.11 (-0.19) HSIMSCI FUTURES 369.70 (-1.20) FOREX US$ S$ US$ (S$ per US$) 1.315 (US$/S$ per 1.557 2.046 EURO (US$/S$/E) 1.322 1.738 Foreign currency per US$ S$ YEN 84.30 64.10 RM 3.140 2.388 HK$ 7.778 5.916 BAHT 30.11141 words
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Article, Illustration754 2010-12-17 1 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Property auctions went more upmarket this year, with several good class bungalows going under the hammer and a changing breed of buyers bidding to snap up real estate. In all, the value of properties sold at auctionsSource: Colliers International Research Singapore; FILE PHOTOS - 754 words
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Page 1 Advertisements
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Advertisement83 2010-12-17 1 COMMENTARY Wrestling with the US debt monster FESTIVALS Manila’s time of merrymaking PAGE 27 PROPERTY Developers hold back on luxury projects in Q4 PAGE 9 THE BOTTOM LINE China should heed Deng’s advice on diplomacy PAGE 18 PAGE 19 EXECUTIVE LIFESTYLE Businesses ring in festive cheer I PAGE 26 Sexed83 words
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Advertisement10 2010-12-17 1 Developers hold back on luxury projects in Q4, Page 910 words
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TOP STORIES
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Article573 2010-12-17 2 Law firms open doors as opportunity knocks FACING increasing competition from foreign law firms, more local law firms this year have begun frontloading annual bonuses into larger monthly salaries to sweeten pay packages. As Asia rebounds, some local law firms are speeding up their regional drive to serve573 words
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519 2010-12-17 2 LYNETTE KHOO - Most investors also seen to have more negotiating power By LYNETTE KHOO [SINGAPORE] The global hedge fund industry is responding readily to investor requests for greater transparency, according to a new report published by Ernst Young. Investors polled say that they receive absolute performance519 words
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Article, Illustration615 2010-12-17 2 But there is no apparent breakthrough on many thorny issues AFP [NEW DELHI] China and India’s premiers agreed yesterday to double bilateral trade to US$100 billion by 2015, during talks that otherwise showed no apparent progress on a series of keyAFP - 615 words
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689 2010-12-17 2 Reuters [LONDON] Oil giant BP was the biggest faller on Britain’s blue-chip board yesterday, as investors fretted that a US government lawsuit may mean the cost of its oil spill will be far higher than predicted. Legal experts have said that BP’s US$40Reuters - 689 words
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368 2010-12-17 2 Bloomberg [LONDON] WikiLeaks founder Julian Assange had his bail ruling in Britain upheld on appeal, a setback to UK prosecutors who sought to keep him jailed during an extradition fight with Sweden. The ruling yesterday by the High Court in LondonBloomberg - 368 words
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Article, Illustration729 2010-12-17 3 ANNA TEO - China will face serious problems in medium and long term, says Deutsche Bank ex-chief economist By ANNA TEO [SINGAPORE] While just about everyone hails the rise of China as the new economic powerhouse, economist Norbert Walter maintains that America, for allFILE PHOTO - 729 words
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686 2010-12-17 3 LEE U-WEN - By LEE U-WEN [SINGAPORE] He has survived a bloody street demonstration, numerous legal battles that threatened to derail his political career, a no-confi-dence vote in Parliament, and a global financial crisis. It has been nothing short of an eventful first term so far for686 words
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Advertisement87 2010-12-17 2 Si n a* Harry Potter and the v '»i Order of the Phoenix mm I 9 4| HI 1 Ir".' me Wnistry ol Magic threatens ope) Harry from Hojwarts and BJJW Harry Iron Hog*a a attempts to que« dams VcWemort has returned I aie. ass Lifestyle Theatre Designed by Ong87 words
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Advertisement30 2010-12-17 3 Bracelet in silver 70x70 vintage silk scarf WINDOW SHOPPING FOR CHRISTMAS Liat Towers Tel. 6738 9807 Takashimaya Tel. 6735 5228 The Shoppes at Marina Bay Sands Tel. 6688 7111 Hermes.com30 words
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COMPANY NEWS
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574 2010-12-17 4 TEH SHI NING - AuzMinerals, sole shareholder of Solar Silicon, will own 79% of Contel By TEH SHI NING CHINESE digital media products maker Contel Corporation yesterday announced plans for a US$1.2 billion (S$1.56 billion) reverse takeover (RTO) deal, which will see a Singa-pore-incorporated mining and574 words
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336 2010-12-17 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI PAN Pacific Hotels Group (PPHG) via its wholly owned subsidiary Success City Pty Limited is buying the Hilton Melbourne Airport Hotel for $141.55 million. In a release to the Singapore Exchange (SGX) yesterday, PPHG a subsidiary of the UOL336 words
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Article, Illustration690 2010-12-17 4 Reuters [SINGAPORE] Singapore healthcare services firm Raffles Medical is prepared to invest S$200-300 million to build a hospital in China to tap into the growing medical care needs of the world’s most populous nation, its chairman said. Raffles, which hasReuters - 690 words
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Article, Illustration694 2010-12-17 4 The deal still needs approval from Treasurer, central bank, watchdogs Bloomberg [SYDNEY] Australia’s lawmakers, including Treasurer Wayne Swan, are still not convinced that Singapore Exchange Ltd’s (SGX) bid for ASX Ltd is in the national interest. The A$7.8 billion (S$10.2 billion)Bloomberg - 694 words
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611 2010-12-17 7 LYNETTE KHOO - TDR flurry and lack of follow-through by sponsors blamed for dismal performance By LYNETTE KHOO THERE is no bubble in the Taiwan Depository Receipt (TDR) market, notwithstanding the recent dismal TDR performance, according to SinoPac Securities. Its executive vice-presi-dent of the611 words
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COMPANY BRIEFS
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Article80 2010-12-17 7 KEPPEL Integrated Engineering Ltd (KIE), Keppel Corporation’s environmental engineering arm, has appointed Tay Lim Heng as its chief executive officer, effective from Jan 1 next year. He will continue to lead the group’s sustainable development business. He will replace Michael Chia, who will move80 words
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Article116 2010-12-17 7 JACKSPEED Corporation said that it has appointed Yap Kian Peng as acting chairman and executive director to replace Liew Ham Chow. Mr Yap, 44, will take over the executive roles of Mr Liew, 51, who will remain on the board as a non-executive director. Mr Liew116 words
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Article39 2010-12-17 7 NERA Telecommunications Ltd said that it has received purchase orders worth $6.6 million from a global telecom operator for the maintenance of network equipment. It did not disclose the name of the telecom operator.39 words
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160 2010-12-17 7 YANGZIJIANG Shipbuilding Holdings’ wholly owned subsidiary, Yitian Investments, is buying all of Jiangsu Zhongzhou Marine Equipment (JZME) for 420 million yuan (S$82.5 million). JZME owns shipbuilding facilities of 350,000 sq m yard space and 430m deep water coast line. It also provides fabrication services to Jiangsu160 words
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456 2010-12-17 7 LYNN KAN - By LYNN KAN THE Asia-Pacific and emerging markets are heavily favoured by fund managers, going by HSBC’s latest survey. In the fourth quarter of 2010, three in four fund managers are overweight on Asia-Pacific ex-Japan and emerging market equities. This compares to the previous456 words
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Advertisement133 2010-12-17 4 eaSon this S* Z 2 ccessorrLe uour room Fjords Admiral C30 M Fully Imported From Norway Simmons Simmons® Beautyrest® NeckCare Pillows Stylish C-Base 360° Swivel The C-based Fjords® Recliner features a distinctive shape as well as a gentle rocking function. Besides, the 360° swivel base is a practical feature that133 words
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Advertisement248 2010-12-17 5 sky orchard I n e boulevard r at m A AN ARTICULATION OF SPACE. A MASTER'S TOUCH. Pritzker Architecture Prize Laureate Fumihiko Maki's vision for Skyline Orchard Boulevard is simple, yet profound. Interior spaces are carefully articulated to awaken your imagination while every exquisite detail is meticulously planned to evoke248 words
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SINGAPORE MARKETS
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Article, Illustration567 2010-12-17 6 VEN SREENIVASAN - But index manages to post only a half-point gain amid lacklustre trading STOCKS VEN SREENIVASAN Senior Correspondent LATEwindow-dressingyesterday enabled the Singapore benchmark index to avoid a fifth consecutive losing session. But trading was thin and largely featureless as many market players have already wound downSource: Bloomberg - 567 words
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Article64 2010-12-17 6 Dec 16 VALUE CLOSE BT OB/OS -11.00-207.00 BT CADI -*****.00-104.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 789.49 -9.41 FTSE ST Small Cap 588.43 -3.84 FTSE ST All Share 780.71 -1.67 FTSE ST China Top 292.64 -1.26 FTSE ST China 329.18 +2.51 FTSE ST Catalist64 words
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Article54 2010-12-17 6 VOLUME Genting SP 85,716,000 Golden Agri 55,822,000 XinRen 54,661,000 Sunmart 31,388,000 CapMallsAsia 28,302,000 STXOSV 23,621,000 Yamada 22,817,000 Noble Grp 21,024,000 SingTel 19,789,000 Amtek 19,741,000 VALUE($) Genting SP 179,930,820 SIA 91,700,500 DBS Grp 79,660,860 SingTel 61,056,415 Keppel Corp 60,153,480 CapMallsAsia 52,671,750 UOB 52,367,285 SGX 44,429,760 Noble Grp 43,778,09454 words
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Article186 2010-12-17 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 5 0 0 0 3 8 5 Manufacturing 38 65 68 6 5 12 44 70 80 Commerce 8 29 24 2 2 4 10 31 28 Tpt/Stor/Comms 10 23 9186 words
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BROKERS’ TAKE
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Article, Illustration302 2010-12-17 6 Dec 16 close: $0.50 DBS Group Research, Dec 16 XINREN Aluminum is an integrated aluminium manufacturer in China with 275,000-tonne capacity for smelting primary aluminium and 50,000-tonne capacity for fabricated aluminium products. The company was profitable in the last three years. Despite the global financial crisis, theSource: Bloomberg - 302 words
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Article, Illustration494 2010-12-17 6 JOYCE HOOI - Dec 16 close: $5.95 Kim Eng Research, Dec 16 Compiled by JOYCE HOOI WE DOWNGRADE our rating on Wilmar to “hold” in view of the risk of margin compression due to pricier raw materials as a result of rising commodity prices. Moreover, we think the company may beSource: Bloomberg - 494 words
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Article121 2010-12-17 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,352 41,352 86,342 86,342 Manufacturing 299,964 28,410 328,374 233,504 869 234,373 Commerce 51,236 12,012 63,248 111,548 891 112,439 Tpt/Stor/Comms 94,981 416 95,397 239,282 92 239,373 Finance 20,728 5 20,733 201,925 1 201,926 Construction 25,564 9,541121 words
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Article112 2010-12-17 6 Stock name Close Change CapMallsAsia 1.850 -0.060 CapitaLand 3.660 +0.010 CapitaMall 1.920 -0.020 CityDev 13.180 +0.180 ComfortDelGro 1.550 -0.020 DBS Grp 14.120 +0.220 F&N 6.100 -0.060 Genting SP 2.090 -0.040 Golden Agri 0.765 -0.005 HK Land 7.050 +0.200 JMH 43.180 -0.620 JSH 26.120 -0.340 Jardine C&C112 words
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Article, Illustration455 2010-12-17 6 CURRENCIES Reuters [NEW YORK] The euro rose yesterday as a European Union summit to discuss the debt crisis got underway, though investors cautioned the currency was vulnerable to a sell-off on lingering eurozone peripheral debt concerns. European leaders sought to paper over deep divisionsReuters; BLOOMBERG - 455 words
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Article103 2010-12-17 6 BY CENTS CLOSE UP HK Land 705 26.3 2.9 CityDev.ES.1012 1302 24.0 1.9 DBS Grp 1412 22.0 1.6 CityDev 1318 18.0 1.4 STXPO 100 1330 18.0 1.4 AustlandPG A$ 298 13.0 3.5 DairyFarm 830 10.5 1.0 OCBC Bk 4.5%NCPS 100 ***** 10.0 0.1 OCBC Bk 5.1%NCPS 100 ***** 10.0103 words
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Article116 2010-12-17 6 BY CENTS CLOSE DOWN DBXTUSDIGInfl *****-1013.0 -3.2 DBXT FTVietnam 10US$ 3605 -194.5 -3.9 DBXT Nifty 10US$ ***** -88.1 -0.5 JMH 4318 -81.5 -1.4 DBXT FTChina25 10US$ 3110 -72.3 -1.7 GLD 10US$ ***** -71.0 -0.4 DBXT MSINDO 10us$ 1338 -64.4 -3.5 SIA.ES.1012 1512 -62.0 -3.9 Jardine C&C 3630 -56.0 -1.5116 words
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Page 7 Advertisements
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Advertisement171 2010-12-17 7 Head to CATS FASTADS in The New Paper for job opportunities! BUY IT-SELL IT-FIND IT Munich Automobiles munichauto.com. sg 71 W anil -■V--I. Z. -II It ft... >. tv i. V H( THERE'S SOMEONE WHO IS MORE PASSIONATE ABOUT YOUR BMW THAN YOU. Munich Automobiles, the world's first exclusive BMW171 words
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SINGAPORE NEWS
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376 2010-12-17 8 RONNIE LIM - Demand in the first 3 quarters is at its highest in the past 5 years By RONNIE LIM ELECTRICITY demand here “remains upbeat”, says the Energy Market Company (EMC). Demand in the first three quarters of this year was “at its highest in the376 words
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Article, Illustration183 2010-12-17 8 MARINA Bay Sands has raised $150,000 from the Sovereign Asian Art Prize gala dinner and charity art auction, held yesterday at the Sands SkyPark. In playing venue host to this celebrated regional art competition, Singapore joins the ranks of China and Australia. This year’s183 words
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Article, Illustration528 2010-12-17 8 RONNIE LIM - By RONNIE LIM DESPITE increased competition, especially from the two other foreign-owned generating companies here, PowerSeraya now owned by Malaysia’s YTL chalked up a net profit of $336.8 million for the 15-month period ended June 2010, or $165 million more than in its528 words
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158 2010-12-17 8 SWITZERLAND’s Cytos Biotechnology and Singapore’s Agency for Science, Technology and Research (A*Star) announced yesterday the extension of their collaboration for the development of a virus-like particle (VLP) based influenza vaccine. Under this revised agreement, Cytos will develop, manufacture and supply A*Star with a Good158 words
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914 2010-12-17 9 UMA SHANKARI - This despite higher buying interest for high-end homes in October, November By UMA SHANKARI DEVELOPERS continued to hold back on launching new luxury projects in the fourth quarter even as buyer interest in such projects grew slightly in October and November. No914 words
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156 2010-12-17 9 TWO scientists from A*Star’s Institute for Infocomm Research (I2R) Susanto Rahardja and Liang Ying Chang have been awarded the status of “IEEE Fellow” by the Institute of Electrical and Electronics Engineers (IEEE) in recognition of their research efforts. Dr Rahardja, head of the signal156 words
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428 2010-12-17 9 TEH SHI NING - Use, impact of 2010 govt schemes not apparent: SBF chief By TEH SHI NING RATHER than adding more measures to boost productivity and innovation, more needs to be done to ensure that existing schemes actually impact companies in the “action year” that will be428 words
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Advertisement58 2010-12-17 8 ftfrjiH-fflaranEFmBa ©/MuEGSIE TDb Eine Life 6rT31 st storey f2,023 A SqiFeet, 4 bedrooms suite, $6m I JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ft**. A 3 IT’S HOT, IT’S COOL Ayurveda makes a healthy comeback SAIF ALI KHAN Hollywood not for me GET YOUR COPY58 words
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Advertisement33 2010-12-17 8 Looking for opportunities? November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-383833 words
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Advertisement348 2010-12-17 9 w. o r r2> d m i 7 ?x v> w> Q, m 72. r 6 6 d 2> H Sirs $1 1JHI !>5 Maker's Mar.k The Macallan Laphroaig Islay Yamazaki Bourbon Whiskv 12 Years Old Oak Single Malt Single Malt U.P. $92.80 U.P. $144.90 10 Years Old 12 Years348 words
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ECONOMY WATCH
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Article, Illustration745 2010-12-17 10 But economists keep a sombre growth outlook for the eurozone and Britain Reuters [LONDON] The United States will lead the rich world’s economic recovery over the next two years while Japan and major European economies flounder by comparison, according to Reuters pollsReuters; AFP - 745 words
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553 2010-12-17 10 Average wages still powering ahead in Asia NYT [PARIS] The global financial and economic crisis led to a “considerable slowdown” in the growth of real wages in the West last year, while accentuating gaps between the highest and lowest earners in many countries,NYT - 553 words
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428 2010-12-17 10 Bloomberg [BRASILIA] Brazil will cut taxes and provide incentives to stimulate the domestic corporate debt market and supply longer-term credit for infrastructure investments needed to host the 2014 World Cup and 2016 Olympics. As part of the measures announced onBloomberg - 428 words
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231 2010-12-17 10 Bloomberg [PARIS] Germany’s economic recovery will broaden next year as Europe’s largest economy benefits from faster growth in consumer demand and business investment, Standard Poor’s said. Household spending will increase 2 per cent in 2011, compared with 0.5 per cent this year, S&P chief EuropeanBloomberg - 231 words
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303 2010-12-17 10 The head of the WTO is trying hard to revive long-running talks Reuters [OTTAWA] The European Union’s top trade official said on Wednesday there was a real chance that a global trade deal could be reached next year, but only if politicians showed enough willReuters - 303 words
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Page 10 Advertisements
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Advertisement1109 2010-12-17 10 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 AND IN THE MATTER OF A.N. TECHNOLOGY PTE. LTD. (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****1297M) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Take notice that KONG SIK CHUEN, CPA ofTKNP, 141 Cecil Street#10-01 Singapore *****1, has been appointed provisional1,109 words
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MALAYSIA/INDONESIA
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Article451 2010-12-17 11 PAULINE NG - LCL’s Mid-East reliance proves fatal as boom to bust cycle drains capital By PAULINE NG IT WAS once the poster boy for Malaysian companies in the Middle East, owing to its success in penetrating the interior fit-out (IFO) market during the heady days of Dubai’s451 words
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Article, Illustration612 2010-12-17 11 Agencies organise tours to locations of natural disasters Reuters [JAKARTA] Indonesia appeals to visitors with tropical beaches, beautiful mountains, spectacular reefs and exotic cultures. But now the country which lies along the Pacific Rim of Fire and suffers from frequent natural disasters such asReuters; REUTERS - 612 words
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442 2010-12-17 11 Bloomberg [KUALA LUMPUR] Malaysia’s Islamic bond funds say that returns, which fell 40 per cent this year, will improve in 2011 as the government’s US$444 billion development plan attracts international investors and spurs trading. “I’m quite confident we can beat this year’sBloomberg - 442 words
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Page 11 Advertisements
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Advertisement130 2010-12-17 11 Don’t just take our word for it 2010 World Luxury Hotel Awards Pan Pacific Kuala Lumpur International Airport Global Winner in Luxury Airport Hotel category 2010 World Travel Awards Pan Pacific Singapore World’s Leading Business Hotel fourth consecutive win Asia’s Leading Business Hotel fifth consecutive win Pan Pacific Serviced Suites130 words
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GREATER CHINA
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Article, Illustration644 2010-12-17 12 Recent evidence shows Beijing less hawkish about price increases Reuters [BEIJING] China is striding into an era where higher inflation will become a more permanent feature of its economic landscape, a shift that the government, long assumed to have zero tolerance for risingReuters; XINHUA - 644 words
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479 2010-12-17 12 Bloomberg [SINGAPORE] Goldman Sachs Group Inc and Nomura Holdings Inc say yuan forwards are the best way to make money in Asia’s for-eign-exchange market in 2011. Goldman Sachs, Wall Street’s most profitable firm, advises buying two-year non-deliverable contracts, saying the yuanBloomberg - 479 words
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355 2010-12-17 12 Reuters [NEW YORK] Starwood Hotels will oversee the investment of US$5 billion to build 35 new Sheraton hotels by 2013 half of them in China, the company told Reuters. Most of the money will come from individual hotel developers and owners. OperatorsReuters - 355 words
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Advertisement460 2010-12-17 12 'Tis the season to shine and Paragon is glittering with all things bright and beautiful. From dramatic one-of-a-kind statement pieces to designs that exude quiet elegance, our jewelers will dazzle with their brilliant constellations of diamonds, gems and precious stones. Dressing up a party dress or gift giving, it's the460 words
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INDIA
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571 2010-12-17 13 It has been the most aggressive major central bank in Asia, lifting interest rates six times since March Reuters [MUMBAI] The Reserve Bank of India (RBI) left interest rates on hold yesterday but warned inflation was still well above its comfort levelReuters - 571 words
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476 2010-12-17 13 Investigating agency told to give monthly progress reports Reuters [NEW DELHI] India’s Supreme Court said yesterday that it would oversee a widening investigation into allegations of corruption in the sale of telecoms licences worth billions of dollars, a scandal touching the heart ofReuters - 476 words
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232 2010-12-17 13 Bloomberg [MUMBAI] Videocon Industries Ltd, India’s biggest con-sumer-electronics maker, plans to combine its energy assets and sell a stake in the business to help pay debt and fund purchases of oil and gas areas. The company, led by billionaire Venugopal Dhoot, isBloomberg - 232 words
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Page 13 Advertisements
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Advertisement29 2010-12-17 13 IIZSBtWI FREEHOLD, HIGH RETURNS NEXT TO CBD TOP 1986, JUST 16 STOREYS FULL FLOOR REGION RE-DEVELOPING BELOW $40 MIL ROGER SIM hp: 65-*****751 Email: rs8188@yahoo.com.sg ECG PROPERTY PTE LTD29 words
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Advertisement105 2010-12-17 13 V ft wM m, w tf. Vfc- ■> f j f. i 1 Vi'.i V i.<V; ;<<v:v. A>." *a s m *C 55? y\ "i IP., T". m 3sS=?7/3 v K *^V >•/" kV^vJS^oC'lk•; V H 'a'/. -r'. V, >Y v •>* r !.*'V- v» >V r -v-* •V *"'-v105 words
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WORLD
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426 2010-12-17 14 Aim is to slash management fees; consolidation of sector expected Reuters [SYDNEY] Australia unveiled reforms to its A$1.3 trillion (S$1.7 trillion) pension funds industry yesterday, aiming to tackle high management fees in a move that could trigger consolidation in the sector and strengthen the positionReuters - 426 words
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Article, Illustration704 2010-12-17 14 ANTHONY ROWLEY - To boost revenue taxes on the rich, fuel taxes to go up By ANTHONY ROWLEY JAPANESE Prime Minister Naoto Kan’s Cabinet yesterday approved tax reforms that would see corporate taxes cut for the first time in 12 years in orderAP - 704 words
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Article457 2010-12-17 14 NYT [WASHINGTON] The Senate on Wednesday approved the US$858 billion tax plan negotiated by the White House and Republican leaders, and House Democrats said they expected to pass the bill yesterday after a final, and seemingly futile, effort to change a provision that benefitsNYT - 457 words
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304 2010-12-17 14 AFP [SYDNEY] Australia’s sun-worshipping culture means the country’s 22 million people are 13 times more likely to develop skin cancer than the global average, according to a new study released yesterday. The Cancer in Australia 2010 report compiled by a government agency revealedAFP - 304 words
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372 2010-12-17 14 AP [SAN FRANCISCO] Don’t expect Twitter to be tweeting about an initial public offering (IPO) any time soon. The popular online communications service has raised another US$200 million so it can keep growing without Wall Street’s help. Kleiner Perkins Caufield Byers, one of SiliconAP - 372 words
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Page 14 Advertisements
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Advertisement915 2010-12-17 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUCCESS VENTURES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6238M NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final915 words
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Advertisement462 2010-12-17 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUM KEONG REALTY PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3973Z) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Sum Keong Realty Pte Ltd duly convened and held on the 8th day of462 words
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FOCUS: FACEBOOK
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Article, Illustration895 2010-12-17 15 2010 has been a remarkable year for the Facebook CEO, who till now has been a somewhat mysterious figure to the public AP [NEW YORK] BEFORE 2010, Mark Zuckerberg, the 26-year-old co-found-er and CEO of Facebook, was primarily known as a mysterious, sweatshirted figure,AP - 895 words
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436 2010-12-17 15 Bloomberg [SAN FRANCISCO] Facebook Inc, the world’s most popular social-network-ing service, is likely to generate 2010 revenue of about US$2 billion, a larger sum than projected earlier, according to three people familiar with the matter. Sales will more than double from 2009,Bloomberg - 436 words
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Page 15 Advertisements
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Advertisement11 2010-12-17 15 *5 >/ 1 cs B S tf. m > BOSS HUGO BOSS watches11 words
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Advertisement108 2010-12-17 15 ■'a 4 S3SS i I Software Korea The mission of the KOREA TRADE-INVESTMENT PROMOTION AGENCY(KOTRA) is to establish successful global business partner? Founded in 1962, KOTRA operates 99 overseas Korean Business (inters (KBC) in 72 countries around the world. In the field of Software and IT, KOTRA is continuously promoting108 words
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FOCUS:QATAR
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Article, Illustration1011 2010-12-17 16 It aims to transform itself into a global hub to compete with places like Dubai Bloomberg [DUBAI] The stadium where Qatar will host the 2022 World Cup final isn’t built yet. Neither is the city. Getting the Persian Gulf sheikdom ready for theBloomberg; REUTERS - 1,011 words
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Page 16 Advertisements
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Advertisement318 2010-12-17 16 M WINE DINE AND HOSPITALITY DREAMING OF A GREEN CHRISTMAS In this time of heartwarming reunions and cheerful celebrations, Pan Pacific Singapore spreads wonderful warmth with enchanting epicurean experiences. From delicious take-home goodies to exquisite Japanese dining and an array of International cuisines, thisYuletide will be filled with indulgence and318 words
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WORLD
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Article, Illustration521 2010-12-17 17 Top officials meet to iron out persistent tensions, including value of yuan AFP [WASHINGTON] The United States and China agreed on Wednesday to pursue free trade in areas from agriculture to technology, but Beijing insisted that Washington needed to loosen its ownAFP - 521 words
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443 2010-12-17 17 LATEST US DATA AP [WASHINGTON] Fewer Americans applied for unemployment benefits last week, the third drop in the past four weeks and a sign that the job market is slowly improving. Weekly claims for jobless aid dipped by 3,000 to a seasonally adjusted 420,000AP - 443 words
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323 2010-12-17 17 Reuters [SEOUL] South Korea aims to impose a levy on for-eign-currency borrowings by banks late next year to curb capital inflows and minimise the possible impact from a sudden outflow of capital, senior finance officials said yesterday. They said the government wouldReuters - 323 words
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420 2010-12-17 17 Reuters [WASHINGTON] A little loop of genes that give bacteria the power to resist virtually all known antibiotics is spreading quickly and likely to cause doctors headaches for years to come, a Harvard professor predicted on Wednesday. They come on the equivalentReuters - 420 words
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Article, Illustration585 2010-12-17 17 Financial markets keenly awaiting summit outcome AFP [BRUSSELS] European leaders met yesterday, divided on immediate steps to shield the euro from market fears that Portugal and Spain could be the next debt dominoes to fall after massive Greek and Irish bailouts. German Chancellor AngelaAFP; REUTERS - 585 words
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Advertisement1138 2010-12-17 17 NOTICES BUY IT- SELL IT- FIND IT IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF STEGLITZ PTE LTD (In Members' Voluntary Liquidation) Reg No. *****9570G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Place Des1,138 words
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EDITORIAL & OPINION
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Article495 2010-12-17 18 EDITORIAL THERE is a bitter-sweet flavour to the just-released report on research and development in Singapore in 2009. The good news is the government’s continuing commitment to this vital aspect of economic growth, despite last year’s difficult economic conditions. Against this, however, is the massive495 words
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Article, Illustration751 2010-12-17 18 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator A EUROPEAN visitor who arrived in Shanghai last Friday on his sixth visit to China turned on the TV to watch BBC News when, suddenly, the screen went blank.751 words
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Article, Illustration969 2010-12-17 18 TITO BOERI - No structural reforms to improve the economy’s growth potential have been made By TITO BOERI The writer is professor of economics at Bocconi University, Milan and director of Fondazione Debenedetti Project Syndicate [MILAN] SILVIO Berlusconi has survived a confidence vote, but his governmentProject Syndicate; AFP - 969 words
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Article, Illustration1050 2010-12-17 19 ROGER C ALTMAN, RICHARD N HAASS - The only sound approach to slashing the massive budget deficit is a mix of spending cuts and tax increases By ROGER C ALTMAN, RICHARD N HAASS Roger C Altman is Chair and CEO of Evercore Partners. He was US Deputy Treasury Secretary in 1993-94.AFP - 1,050 words
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Article, Illustration848 2010-12-17 19 ROBERT SAMUELSON - ROBERT SAMUELSON The Washington Post Writers Group IT IS becoming clear that the Great Recession has left a deep and possibly lasting scar on the American psyche. From CEOs to ordinary families, we are a nation that is more cautious, more fearful andThe Washington Post Writers Group; AFP - 848 words
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AVIATION/SHIPPING
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403 2010-12-17 20 VEN SREENIVASAN - Strongest demand for premium seats is on routes to and from Asia By VEN SREENIVASAN [SINGAPORE] The number of passengers travelling on premium seats was up 10.9 per cent in October compared to a year earlier. However, October’s growth was down403 words
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373 2010-12-17 20 VEN SREENIVASAN - Arrival marks the takeoff of carrier’s A330 hub in S’pore By VEN SREENIVASAN [SINGAPORE] The arrival of Jetstar’s inaugural non-stop flight from Melbourne to Singapore yesterday marked a milestone in the airline’s efforts to scale up its pan-Asian operations with its hub in Changi.373 words
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Article278 2010-12-17 20 SGX '000 Dec 16 S$ +/-Vol CH Offshore 0.48 -0.01 64 Chuan Hup Hldg 0.23 -0.01 5 Cosco Corp 2.08 -0.03 7185 CWT Ltd 0.98 -0.01 274 Ezra Hldgs 1.71 -0.03 5990 First Ship Lea 0.45 0.01 312 Freight Links 0.08 0.01 2291 Grand Banks 0.39 -0.05 12278 words
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Article, Illustration714 2010-12-17 20 Reuters [PARIS] Engine checks on the world’s largest airliner following last month’s Qantas emergency have scuppered Airbus’s hopes of meeting a target of delivering 20 A380 superjumbos this year. A spokesman said on Wednesday Airbus would deliver just one more aircraft, onReuters; AFP - 714 words
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373 2010-12-17 20 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] The Minister for Trade and Industry has extended the exemption of liner shipping agreements from Section 34 of the Competition Act for another five years until the end of 2015. Section 34 of the Act prohibits anti-com-petitive agreements. The exemption373 words
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Article3339 2010-12-17 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ5313,339 words
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SINGAPORE STOCKS
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Article8911 2010-12-17 21 Transaction date: Dec 16 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 +0.5 370 18.5 18.5 18 18.5 1.7 9.8 5.9 88.6 12 4.5 58348,911 words
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Article1840 2010-12-17 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 160 156 160 94.9 4 0.51,840 words
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Article9450 2010-12-17 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.01/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,450 words
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Article832 2010-12-17 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 110 109.1 115 502.1 1056 761 CIMBAsean40 100US$ US987 -25 40 1000 987 986 989 39.5 335832 words
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Article73 2010-12-17 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A50.5 +1.5 2 50.5 50.5 50.5 52 3.6 6.9 4 131.5 55 16 6017 Genting HK US$ US42.5 -1 ***** 4473 words
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FINANCE & COMMODITIES
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374 2010-12-17 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 15 Index Change Change Change Change Change Change World Index Preliminary 892.6 -0.2 7.2 0.3 0.9 -0.4 8.1 EAFE Preliminary 804.4 -0.3 2.5 -0.1 -3.2 -0.8 3.6 Europe Preliminary 1175.1 -0.3374 words
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Article177 2010-12-17 23 Dec 16 $S Offer Bid 0vernight 0.03 PAR 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.07 US$ Offer Bid 7 days 0.35 0.25 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.56 0.46 9 months 0.80 0.60 12177 words
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Article24 2010-12-17 23 Dec 16 S$ Bid Offer 1-month 1.3143 1.3152 2-months 1.3143 1.3152 3-months 1.3143 1.3152 6-months 1.3143 1.3153 Source: OCBC Source: OCBC24 words
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Article121 2010-12-17 23 Dec 16 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.341 1.266 Can dollar 1.335 1.284 Euro 1.773 1.705 Sterling pound 2.087 2.007 NZ dollar 1 0.953 US dollar 1.337 1.286 Local dollars to 100 units of foreign121 words
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Article27 2010-12-17 23 Dec 16 Open High Sett STI Dec 3142 SIMSCI Dec 371.0 372.3 369.7 Taiwan Dec 312.2 313.4 312.5 Source: MF Global (S) Pte. Ltd27 words
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Article65 2010-12-17 23 Dec 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Jan 11 3652 3646 3670 3633 604 6608 Feb 11 3633 3630 3665 3614 3766 ***** Mar 11 3590 3583 3620 3569 6600 ***** Apr 11 3557 353965 words
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Article411 2010-12-17 23 Dec 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.5400 0 5571 Jun11 99.3900 0 1929 Sep11 99.2400 0 615 Dec11 99.0600 0 403 EUROYEN TIBOR FUTURES Mar11 99.6425 99.6450 99.6425 99.6450 0 1887 Jun11 99.6250 5 1364 Sep11 99.6100 200 1033 Dec11 99.6000 0411 words
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Article154 2010-12-17 23 Dec 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 469.0 469.0 470.0 6 Feb 11 471.0 466.5 470.5 93 Mar 11 466.5 466.5 469.0 10 Apr 11 470.0 465.5 470.0 34 May 11 470.0 470.0 470.0154 words
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Article86 2010-12-17 23 Dec 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 17.03.2011 0.36 1-Year BY*****N 01.11.2011 0.40 0.35 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.66 5-Year N*****0S 2.875 01.07.2015 106.60 7-Year N*****0Z86 words
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Article107 2010-12-17 23 Dec 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1296.50 1296.00 1314.75 1290.75 Mar 11 1307.75 1306.00 1324.75 1300.75 May 11 1313.75 1310.25 1330.00 1306.00 Jul 11 1316.00 1311.75 1332.00 1308.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 54.20107 words
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Article77 2010-12-17 23 CRUDE OIL PRODUCTS Dec 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 92.13 0.65 WTI (Near Mth) 88.45 0.33 Dubai (1-Mth F) 88.05 -0.66 Tapis blend 93.90 -0.25 Minas 90.40 -0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.28 -0.72 Jet Kerosene 102.00 -1.40 US$/barrel Opec Oil77 words
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2335 2010-12-17 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch 1055 1 3 -9 2.75 0 AFP Properties EW*****8 31.5 -0.5 131 1 10 -5 1.38 59 6221 Asia-Pacific Strat W*****6 33 1.52,335 words
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Article464 2010-12-17 23 Dec 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 6.578 0.746 7.675 44.773 89.187 0.831 11.381 3.098 1.340 84.672 43.584 1.297 6.768 0.957 29.468 29.709 0.634 0.987 Canada 1.008 6.634464 words
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Article85 2010-12-17 23 Dec 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article141 2010-12-17 23 Dec 16 GOLD (US$/oz) Dec 15 Dec 16 Hong Kong 1392.00 1385.00 Dec 14 Dec 15 London 1397.20 1389.65 1397.95 1390.40 Source: Thomson Reuters CAST BAR Dec 16 (S$) Selling Buying Kilobar 62,749.08 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 141 59 5gm 399 293 10gm 713141 words
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Article69 2010-12-17 23 Dec 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2305.00 2333.25 3 months 2321.00 2351.00 Copper, Grade A (US$/tonne) Cash 9140.00 9221.50 3 months 9095.00 9165.00 Lead (US$/tonne) Cash 2411.00 2436.50 3 months 2425.00 2450.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article154 2010-12-17 23 Dec 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2967 1.2982 0.9866 0.9871 Canadian dollar 1.3075 1.3092 0.9948 0.9954 Euro 1.7378 1.7392 1.3222 1.3224 NZ dollar 0.9675 0.9688 0.7361 0.7366 Sterling pound 2.0454 2.0475 1.5563 1.5568154 words
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Article82 2010-12-17 23 Dec 15 COCOA (£/tonne) Close Prev High/Low Mar 11 1998 1944 1999/1943 May 11 2012 1960 2013/1960 Jul 11 2028 1976 2029/1978 Sep 11 2033 1983 2023/1982 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1922 1914 1926/1895 Mar 11 1935 1923 1938/1915 May 11 1953 1937 1956/1929 Jul 1182 words
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5850 2010-12-17 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination DING XIANG HAI Camden/New Orleans/Tampico *Loads5,850 words
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Page 24 Advertisements
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Advertisement23 2010-12-17 24 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES23 words
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Page 25 Advertisements
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Advertisement22 2010-12-17 25 FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132722 words
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executive lifestyle
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Article, Illustration2631 2010-12-17 26 CHEAH UI-HOON, MELISSA LWEE, CHRISTOPHER LIM, DYLAN TAN,AUDREY PHOON - Christmas this year will be a well-starred affair, with businesses reporting a 15 to 20 per cent increase in sales and some even expecting it to outstrip Chinese New Year in overall takings, report CHEAH UI-HOON, MELISSA LWEE, CHRISTOPHER LIM, DYLAN TAN and AUDREY PHOON CHEAH UI-HOON,2,631 words
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FESTIVALS AROUND THE WORLD
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Article, Illustration1030 2010-12-17 27 JOYCE HOOI - The annual Grand Marian Procession in Intramuros to celebrate the Virgin Mary’s birthday is both a celebration and a chance for an affirmation of faith, writes JOYCE HOOI Brought to you by Ascott JOYCE HOOI AS the tinsel and wrapping paper frippery of Christmas cheer rushesAP; PHOTOS: AFP - 1,030 words
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CINEMA
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Article, Illustration658 2010-12-17 28 DYLAN TAN - After a 28-year wait, Disney sequel Tron: Legacy may well be the world’s most expensive screensaver but it still cannot find its soul, says DYLAN TAN DYLAN TAN DESPITE the idea of a sequel kicking around for the last decade, the greenPHOTOS: AP, DISNEY - 658 words
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Article, Illustration531 2010-12-17 28 DYLAN TAN - By DYLAN TAN A FILM that puts the life of a mentally ill Japanese artist under the spotlight will be shown in Singapore for the first time tomorrow at the Singapore Art Museum’s (SAM) Moving Image Gallery, SAM at 8Q. Yayoi Kusama, one of Japan’s most531 words
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Article, Illustration672 2010-12-17 28 GEOFFEY EU - By GEOFFEY EU IT HAS been almost 30 years since Muhammad Ali last threw a punch in the boxing ring but he still casts a giant shadow over the sport like no one before him or since. The man who called himself The Greatest (andPHOTOS: CATHAY ORGANISATION, FILE - 672 words
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Article, Illustration382 2010-12-17 28 CHRISTOPHER LIM - DVD REVIEW By CHRISTOPHER LIM ACTION heroines aren’t unique in Hollywood, with the likes of Milla Jojovich blowing up zombies and Angelina Jolie raiding tombs. But the spy genre never got a female James Bond or Jason Bourne till Salt. Evelyn Salt, played by382 words
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MUSIC/GAMING
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Article, Illustration1545 2010-12-17 29 CHRISTOPHER LIM - Pianist Melvyn Tan takes to the public stage here after more than 30 years, reports CHRISTOPHER LIM CHRISTOPHER LIM MANY local classical musicians leave Singapore to explore opportunities and grow as artists. Many come back. But some don’t, and for too long, pianist Melvyn TanELIZABETH NOVICK - 1,545 words
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Article, Illustration620 2010-12-17 29 CHRISTOPHER LIM - CD REVIEWS By CHRISTOPHER LIM THERE are two sorts of Christmas albums these days, not counting those that are just plain awful adventurously eclectic ones, and those that seek to say something new while staying within traditional arrangements. Susan Boyle and Glee fall in the620 words
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Article, Illustration525 2010-12-17 29 CHRISTOPHER LIM - GAMING REVIEW By CHRISTOPHER LIM OTHER than 3-D, there haven’t been any major innovations in motion-controlled gaming since Nintendo launched its Wii console four years ago. Even Sony’s PlayStation Move, launched in September, was an evolution of the Wii concept. Microsoft’s Kinect system525 words
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ARTS
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Article, Illustration989 2010-12-17 30 CHEAH UI-HOON - Sculptor Lorenzo Quinn moulds metal to melt the heart, writes CHEAH UI-HOON CHEAH UI-HOON WHEN Lorenzo Quinn came to Singapore four years ago, he saw the architectural plans and the empty site of the Marina Barrage so had only his artistic instincts of how hisPHOTOS: ODE TO ART - 989 words
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Article, Illustration560 2010-12-17 30 LYNN KAN - By LYNN KAN TRY as they might, when Singapore’s three most active companies put on a show plainly titled “3”, they couldn’t muster the gusto of a full-on production. There is some bewilderment at the anaemia of that night, since two of the three works were staged560 words
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Article, Illustration722 2010-12-17 30 GEOFFREY EU - By GEOFFREY EU OPENNESS in more ways than one will be the prevailing theme at the Singapore Biennale 2011 when contemporary works by artists from 30 countries will be exhibited at four historically significant venues that are of particular relevance to a city in perpetual transition.722 words
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Article, Illustration755 2010-12-17 30 WOON TAI HO - By WOON TAI HO AS YOU walk in, the place looks like a school without students. It is also eerily quiet. But every room on each floor is taken, and the tenants come in at different times of the day and night. Peek inside each room755 words
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WINE
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Article, Illustration1092 2010-12-17 31 NK YONG - It’s Christmas and what better time to indulge the senses, advises NK YONG NK YONG IT IS Christmas once again when while we celebrate the birth of Jesus Christ, we also enjoy the warm fellowship of family, good friends and comrades. And that means dinners! TheBLOOMBERG - 1,092 words
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Article, Illustration624 2010-12-17 31 MELISSA LWEE - By MELISSA LWEE WITH the news earlier this September that French luxury label Hermes successfully opened the first boutique for its Chinese brand Shang Xia in Shanghai, the world’s eyes are now focused on the next big French company that has announced expansion plans there Domaines624 words
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AROUND TOWN
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Article, Illustration192 2010-12-17 31 MOST of us are familiar with the Sleeping Beauty story as portrayed in the 1959 Walt Disney animated film, which draws as much from Tchaikovsky’s ballet (premiered at Saint Petersburg in 1890) as it does from 17th century author Charles Perrault (of Mother Goose stories). That will be192 words
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Article214 2010-12-17 31 Sculpture Square’s ONEsingapore Artist Show is in its ninth edition since its inauguration in 2001. This year, artist Delia Prvaeki presents an exhibition called Mine which is a site-specific exhibition invoking a visual imagery of a mine or a certain space where, through mining, many precious214 words
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Article157 2010-12-17 31 CHEAH UI-HOON - By CHEAH UI-HOON SBin Art Plus celebrates the joy of a mother’s love this month with its first solo exhibition entitled Happyartland, featuring the work of one of Indonesia’s most promising female contemporary artists, Theresia Agustina S or “Tere” as she is known in the art157 words
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BOOKS
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Article, Illustration1238 2010-12-17 32 HOWARD POUSNER - From coffee-table atlases as big as coffee tables to showbiz fan guides, HOWARD POUSNER says books at Christmas are a horn of plenty HOWARD POUSNER NYT LITTLE-KNOWN fact: Ansel Adams’ work was the subject of the first coffee-table book 50 years ago. But do not blame (orNYT; AP - 1,238 words
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Page 26 Advertisements
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Advertisement11 2010-12-17 26 MUSIC Virtuoso Melvyn Tan on first public recital here PAGE 2911 words
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Page 27 Advertisements
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Advertisement231 2010-12-17 27 CELEBRATE THIS FESTIVE SEASON WITH SOMERSET SERVICED RESIDENCES IN VIETNAM L 1 <X*2£x<) SOMERSET SERVICED RESIDENCE ENJOY SPECIAL DAILY RATES FROM USD 95 PER NIGHT* Celebrate this holiday season with a family getaway in Ho Chi Minh City or Hanoi. From now till 15 February 2011, enjoy our special daily231 words
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Advertisement7 2010-12-17 27 This series is brought to you by7 words
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Page 29 Advertisements
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Advertisement24 2010-12-17 29 0. -S- &tk Lianhe Zaobao CDL kicks off foray with successful land bid > I I V To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
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Page 31 Advertisements
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Advertisement149 2010-12-17 31 Next week: The reds and dessert wines 15% CELEBRATE CHRISTMAS WITH VINTEC ENJOY OFF All Models* a O o-y^ T***** —i <- -V s IB r i I \Ji I am totally delighted with my Vintec wine cabinet; it combines elegance and functionality of the highest order, yy JAMES HALLIDAY149 words
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Page 31 Miscellaneous
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Miscellaneous314 2010-12-17 31 CRYPTIC CROSSWORD Across 1 Cool cat kind of pants (7) 5 Clansman and little Elizabeth play (7) 9 Ronald in charge after short time, how idiotic (7) 10 A grain’s removed from the wine cocktail (7) 11 Dislike of old digs I used mainly to start with (5) 12 Collusive314 words
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Page 32 Advertisements
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Advertisement125 2010-12-17 32 clapton 8pm Singapore Indoor Stadium S$99*, S$199*, S$299* S$399* 'Plus SS3 SISTIC Fee Available at all SISTIC Outlets Bookings Hotline: +65 6348 5555 Web Bookings: www.sistic.com.sg www.ericclapton.com Event www.lushington.com /%hmv W VMPNERUU9C Strictly no bottles, no photography, no video recording and audio recording is allowed for this event. I A125 words
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Advertisement142 2010-12-17 32 EAGLES GLENN FREY JOE WALSH TIMOTHY B. SCHMIT DON HENLEY LONG ROAD OUT OF EDEN TOUR ill 1 j ■S WWW.EAGLESBAND.COM WED, 23 FEBRUARY 2011 8PM SINGAPORE INDOOR STADIUM S$168*, S$268*, S$368* S$499* (FRONT VIEW) S$98* SS168* (SIDE VIEW) -PLUS SS3SISTIC FEE AVAILABLE AT ALL SISTIC OUTLETS BOOKINGS HOTLINE: +65142 words
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