The Business Times, 3 March 2011
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2011-03-03
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The Business Times
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Title Section23 2011-03-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, March 3,201123 words
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Article, Illustration569 2011-03-03 1 JOYCE HOOI - With 40 used-ship deals done, SSF eyes Japan and China By JOYCE HOOI [SINGAPORE] The Singapore Ship Sale Form (SSF) is reaching eastward. A translated guidance version of the form will be released in Chinese and Japanese today, in a bid to569 words
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Article, Illustration765 2011-03-03 1 CHUANG PECK MING - It’s not due to the levy but full employment; Tharman refines PIC to help SMEs with cashflow issues By CHUANG PECK MING [SINGAPORE] Wage costs are shooting up but companies blaming it on the hike in foreign worker’s levy areKEVIN LIM/THE STRAITS TIMES - 765 words
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Article142 2011-03-03 1 H ST INDEX 3,027.51 (-40.09) H ST INDEX FUTURES 3,023 (-40) HSIMSCI 356.26 (-5.40) HSIMSCI FUTURES 355.40 (-6.20) FOREX US$ S$ US$ (S$ per US$) 1.272 (US$/S$ per 1.623 2.064 EURO (US$/S$/E) 1.377 1.751 Foreign currency per US$ S$ YEN 82.10 64.50 RM 3.037 2.388 HK$ 7.792 6.128142 words
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Advertisement29 2011-03-03 1 OPINION BASF warms to a mature China Inc PAGE 19 SEEKING OPPORTUNITIES Be sure to catch our 24-page property supplement with today’s edition of The Business Times PROPERTY 201129 words
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Advertisement15 2011-03-03 1 HOCK LOCK SIEW Stock suspension: Give investors viable exit strategy PAGE 5 8 '*****1 *****415 words
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Advertisement85 2011-03-03 1 BizIT Indian firm mulls cloud banking from Singapore PAGE 26 COMMENTARY Revamping board committees for better results PAGE 9 HILL ew m. < feneve m ~ri*' F^Sj^ssPrS You never actually own a Patek Philippe. You merely look after it for the next generation. EST9 19 54 SINCERE fine watches SINGAPORE85 words
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TOP STORIES
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Article564 2011-03-03 2 Wage bills set to rise as labour market stays tight WAGE costs are shooting up but companies blaming it on the hike in foreign worker’s levy are barking at the wrong tree, Finance Minister Tharman Shanmugaratnam said in Parliament yesterday. The real culprit is the labour shortage and564 words
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Article, Illustration579 2011-03-03 2 Reuters [NEW YORK] Rajat K Gupta, a former Goldman Sachs Group board member, has been accused of insider trading by US regulators who said he passed confidential information to Galleon Group founder Raj Rajaratnam including Berkshire Hathaway Inc’s US$5 billion investment in Goldman Sachs.Reuters; AFP - 579 words
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Article, Illustration969 2011-03-03 2 LYNETTE KHOO - Banks ramping up services to tap opportunities in this new growth area By LYNETTE KHOO [SINGAPORE] While “made in China” and “owned by China” are common catchphrases, making the rounds now is the new “paid-in-renminbi” concept as more companies seek to settle theirREUTERS - 969 words
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Article, Illustration840 2011-03-03 2 GRACE LEONG - By GRACE LEONG [SINGAPORE] US regulators are investigating Las Vegas Sands Corp (LVS), the parent of Marina Bay Sands (MBS), for its Macau operations’ compliance with the US Foreign Corrupt Practices Act, the company disclosed in an annual report. In a filing with theAFP - 840 words
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767 2011-03-03 4 LEE U-WEN - They are in line to receive bonus of 8 months’ of basic pay after GDP spurt By LEE U-WEN [SINGAPORE] The Republic’s red-hot economic growth last year of 14.7 per cent will result in a bumper bonus payout for senior officers in767 words
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311 2011-03-03 4 AP [SINGAPORE] Oil prices rose to near US$100 a barrel yesterday in Asia as a report showed US crude and gasoline supplies unexpectedly dropped last week. Worries over political turmoil in the Middle East intensified and also pushed crude-oil prices higherAP - 311 words
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Article, Illustration566 2011-03-03 4 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA’S national oil company Petronas intends to increase its capital expenditure by up to 38 per cent over the next five years to replace deteriorating assets and to drive growth, in a move that couldFILE PHOTO - 566 words
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Article, Illustration600 2011-03-03 4 ANTHONY ROWLEY - Governor rules out monetising of public debt By ANTHONY ROWLEY in Tokyo GOVERNOR of the Bank of Japan (BOJ) Masaaki Shirakawa yesterday issued a blunt warning in parliament to the government not to expect the central bank to bail it out ofREUTERS - 600 words
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Advertisement117 2011-03-03 3 A PRODUCTIVITY. WHAT YOUR TEAM CAN ACHIEVE IN THE RIGHT ENVIRONMENT. JP few L "4 A MGPA It's amazing what you can achieve when you're working in the right environment. This is the inspiration behind Asia Square, the greenest office space in the new Marina Bay downtown. We call it117 words
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Advertisement138 2011-03-03 4 J.Diii iiiiii r<JAii£JJ iiUll SUdTSC 3MCAP0h.S I-SVEIy 1, 2, ii, 4 «S 6 12 NO 0i N J U Pi'd OiULY FitEE ilDi>JJ£>£}JOi x J 5 show floors of EXCLUSIVE I.T. SHOW offers 830 leading manufacturers suppliers showcasing NEW PRODUCTS TECH GADGETS 350,000 sq ft of GREAT BARGAINS and HUGE138 words
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COMPANY NEWS
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Article, Illustration547 2011-03-03 5 LYNETTE KHOO - By LYNETTE KHOO DEUTSCHE Boerse has made Singapore funds available for trading through its central securities depository Clearstream, and is slated to introduce Hong Kong funds on its platform next. This is the first step in allowing Asian funds on its clearing systemAFP - 547 words
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522 2011-03-03 5 FELDA CHAY - By FELDA CHAY THE Singapore market drew more interest in February compared with a year ago, pushing up the month’s trading volume and value for securities. Data from the Singapore Exchange (SGX) showed that last month’s trading volume for securities rose522 words
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740 2011-03-03 5 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN SHOULD small investors be left holding the proverbial baby for a seeming eternity when a company’s stock is suspended following the discovery of some irregularities? That is the question David Gerald, president of the Securities740 words
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458 2011-03-03 5 TEH SHI NING - China lawyer says no misappropriation of funds, going by the law there By TEH SHI NING YET another company’s full-year financial audit has turned up questionable transfers linked to one of its China subsidiaries. CDW Holding, which produces and supplies precision components, has uncovered “unusual”458 words
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357 2011-03-03 8 KELLY TAY - Order book closes after registering some US$1.8 billion of investor interest By KELLY TAY SINGAPORE Telecommunications Limited (SingTel) has joined other big Singapore companies in issuing bonds. Yesterday, it announced that its wholly owned subsidiary, SingTel Group Treasury Private Limited (SGT), had priced357 words
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Article, Illustration730 2011-03-03 8 KALPANA RASHIWALA - No immediate need for equity fund raising, says trust manager’s CEO By KALPANA RASHIWALA AS expected by the market, CDL Hospitality Trusts has announced the purchase of Studio M Hotel, which soft opened in March last year, for $154 million or about $428,000730 words
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554 2011-03-03 8 Reuters [HONG KONG] The US$125 billion Asian hedge fund industry’s star power just got bigger, with Carl Huttenlocher quitting Highbridge Capital as head of Asia investments to set up his own startup in the region. As the fund-raising climate forReuters - 554 words
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COMPANY BRIEFS
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34 2011-03-03 8 DARCO Water Technologies Ltd is looking for a replacement for co-founder and executive director Teh Swee Heng, who died yesterday. The company said Mr Teh had made invaluable contributions.34 words
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Article79 2011-03-03 8 C&G Environmental Protection Holdings has made its first foray into sludge treatment with a new plant in Jinjiang city, China. The plant is undergoing equipment installation and trial testing. The investment will be funded via internal funds and bank borrowings. The group expects the plant79 words
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100 2011-03-03 8 DUKANG Distillers expects to raise gross proceeds of NT$1.2 billion (S$51.52 million) from issuing 65 million new shares as part of its proposed listing of Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange. This is based on an issue price of NT$18.65 per100 words
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75 2011-03-03 8 THE 12-cent drop in Hyflux’s share price to $1.81 yesterday was possibly due to market reaction to volatility in Libya, the company said in response to queries from the Singapore Exchange. Hyflux added that it was seeking SGX approval to amend its articles75 words
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71 2011-03-03 8 CAMBRIDGE Industrial Trust’s trustee has increased its acquisition term loan facility with National Australia Bank to $120 million. About $24.4 million has been drawn on the facility thus far, and the remaining credit can be used to part-finance up to about $240 million71 words
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611 2011-03-03 8 Bloomberg [SINGAPORE] Asian company bonds will outperform US corporate debt this year as the global economic recovery spurs demand for the region’s exports, according to Fullerton Fund Management Co. “As a corporate bond investor, your key concerns are balance sheetBloomberg - 611 words
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311 2011-03-03 8 JOYCE HOOI - By JOYCE HOOI DYNA-MAC shares yesterday rose five cents or 14 per cent in early trading on the Singapore Exchange from their initial public offer price of 35 cents. The counter closed at 37.5 cents. Dyna-Mac’s IPO backed by cornerstone investor Keppel311 words
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1399 2011-03-03 9 MAK YUEN TEEN - Specialists should be co-opted without making them board members and committees should be renamed COMMENTARY By MAK YUEN TEEN The writer is associate professor of accounting at NUS Business School, where he teaches corporate governance and ethics THE global financial crisis has led to1,399 words
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Advertisement22 2011-03-03 5 PARAGON THE SHOPPES AT MARINA BAY SANDS TAKASHIMAYA S.C. RAFFLES CITY SUNTEC CITY MALL RAOUL.COM THE ART OF SHIRT M I I22 words
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SINGAPORE MARKETS
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Article, Illustration586 2011-03-03 6 R SIVANITHY - ST Index falls 40 points after Wall Street’s decline and on the completion of short-covering STOCKS R SIVANITHY Senior Correspondent ONCE the short-cover-ing is completed, the selling and/or short-selling can resume. This much has been fairly predictable over the past couple of weeks as globalSource: Bloomberg - 586 words
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Article64 2011-03-03 6 Mar 2 VALUE CLOSE BT OB/OS -839.00-300.00 BT CADI -*****.00-227.00 BT 10-day MA -*****.00 -84.00 FTSE ST Mid Cap 750.82 -7.34 FTSE ST Small Cap 542.70 -8.99 FTSE ST All Share 747.64 -9.65 FTSE ST China Top 263.96 -5.52 FTSE ST China 295.73 -5.17 FTSE ST Catalist64 words
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Article58 2011-03-03 6 VOLUME Dyna-Mac 138,134,000 Golden Agri 91,266,000 Genting SP 69,313,000 Olam 34,049,000 Noble Grp 33,541,000 Transcu Grp 30,633,000 SunVic 25,185,000 Inno-Pac 23,967,000 *Genting HK US$ 20,964,000 TopGlobal W*****9 20,190,000 VALUE($) Genting SP 134,266,644 Olam 93,443,280 DBS Grp 83,542,186 Noble Grp 73,375,460 Golden Agri 62,606,259 SIA 60,196,740 Dyna-Mac 52,601,11558 words
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Article186 2011-03-03 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 3 0 0 0 3 11 3 Manufacturing 19 106 59 4 7 5 23 113 64 Commerce 13 24 20 3 2 7 16 26 27 Tpt/Stor/Comms 5 27 11186 words
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BROKERS’ TAKE
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Article441 2011-03-03 6 DMG Research, March 2 WHILST net interest margin (NIM) has been squeezed sequentially due to the low interest rate environment, we expect NIM to stabilise going forward. We forecast loan growth in the low teens which will contribute to net interest income expansion in FY2011. We have been441 words
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Article407 2011-03-03 6 JOYCE HOOI - March 2 close: $1.81 OCBC Investment Research, March 2 Compiled by JOYCE HOOI CAPITAMALL Trust (CMT) has announced that it entered into a sale and purchase agreement to acquire Iluma, located opposite Bugis Junction, for $295 million from Jack Investment Pte Ltd. The mall has a net lettable407 words
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Article135 2011-03-03 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article121 2011-03-03 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,412 23,412 72,827 72,827 Manufacturing 257,098 9,514 266,612 202,689 482 203,171 Commerce 107,635 7,931 115,566 215,181 1,357 216,538 Tpt/Stor/Comms 95,156 1,841 96,997 216,400 347 216,747 Finance 22,563 30 22,593 185,291 4 185,295 Construction 21,788 2,254121 words
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Article111 2011-03-03 6 Stock name Close Change CapMallsAsia 1.750 CapitaLand 3.320 -0.030 CapitaMall 1.810 -0.050 CityDev 11.160 -0.160 ComfortDelGro 1.510 -0.030 DBS Grp 14.160 -0.260 F&N 5.710 -0.060 Genting SP 1.930 -0.030 Golden Agri 0.685 -0.020 HK Land 6.810 -0.060 JMH 46.920 +0.100 JSH 27.580 +0.020 Jardine C&C 34.180111 words
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Article, Illustration471 2011-03-03 6 CURRENCIES AFP [TOKYO] The US dollar held on to gains against the euro and yen in Asia yesterday as risk aversion gripped markets due to escalating turmoil in the Middle East and North Africa, sending oil prices higher. The greenback was slightly higher atAFP; BLOOMBERG - 471 words
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Article108 2011-03-03 6 BY CENTS CLOSE UP GLD 10US$ ***** 180.5 1.0 DBXT S&P Short 10US$ 4341 128.4 2.4 IS DJ US Tech 6702 61.0 0.7 Lyxor India Nifty 10 1547 48.0 3.2 CIMBAsean40 100US$ 1028 25.4 2.0 DairyFarm 815 24.2 2.4 JMH 4692 12.7 0.2 HsuFuChi 380 10.0 2.7 OmegaNav 165108 words
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Article127 2011-03-03 6 BY CENTS CLOSE DOWN IS S&P500 *****-343.2 -2.0 DBXT Nifty 10US$ *****-161.4 -1.0 DBXT FTVietnam 10US$ 3234 -82.6 -2.0 Pru 500US$ 1112 -66.1 -4.5 DBXT SPASX200 10US$ 3498 -63.6 -1.4 Lyxor China H 10US$ 1602 -55.9 -2.7 DBXT S&P500 10US$ 2054 -43.2 -1.6 DBXT MSTaiwan 10US$ 1915 -41.9 -1.7127 words
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Advertisement440 2011-03-03 7 to £*w m-K- r, ■v o 5 L' 5 i-.-t* i.-. A' y 1 -T 7. r-' f > v- AaT-' 'A.' < aa--.' ,-P"V T H t >. <-~-j UP? .>* r. >>. %\J4_ *e- V I #s$# Es£/ lS' 3k *«&?•**••**v 'V. -5.%-r •ifeJi-, j. fe' v 1440 words
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SINGAPORE NEWS
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628 2011-03-03 10 CHUANG PECK MING - But the Republic is unlikely to fall into heavy debt, says Finance Minister YESTERDAY IN PARLIAMENT By CHUANG PECK MING GOVERNMENT spendings are tipped to pick up in the next five years but Singapore is unlikely to go the way many628 words
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310 2011-03-03 10 FRESH plans for Whampoa were unveiled yesterday by Heng Chee How, Member of Parliament for Jalan Besar GRC. Speaking about his vision for the precinct, Mr Heng, who is also Minister of State in the Prime Minister’s Office, emphasised heavily on six social aspects, including310 words
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679 2011-03-03 10 LEE U-WEN - First cohort of baby boomers turns 65 next year; two new initiatives for ageing announced By LEE U-WEN THE year 2012 will be significant for Singapore as it will be the one when the first cohort of baby boomers those born in 1947 turns679 words
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Article, Illustration370 2011-03-03 10 ARTHUR LEE - Business leaders soak it in at Sun Tzu talk by Prof Wee By ARTHUR LEE SUN ZI, the ancient Chinese General, came alive amid modern German automotive technology on Tuesday night at BMW’s showroom. Professor Wee Chou Hou spent an hour revealing some nuggetsPHOTOS: ARTHUR LEE - 370 words
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352 2011-03-03 10 MAXIE AW YEONG - By MAXIE AW YEONG THE Life Insurance Association (LIA) yesterday announced the re-election of Tan Hak Leh as its president for a second one-year term. Re-elected with Mr Tan, who is chief executive officer (CEO) of Great Eastern Life Singapore, is Neal Armstrong, general manager352 words
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334 2011-03-03 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI MENICON Singapore, a subsidiary of Japanese contact lens manufacturer Menicon Co, has set up a $123 million manufacturing facility at the International Business Park, its first major production and research and development (R&D) centre outside of Japan. The334 words
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202 2011-03-03 10 THE Association of Chartered Certified Accountants (ACCA) has launched a flexible suite of entry-level qualifications targeted at students and employers alike. The qualifications include Introductory Certificate in Financial and Management Accounting; Intermediate Certificate in Financial and Management Accounting; Diploma in Accounting and Business; and Certified Accounting202 words
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ECONOMY WATCH
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633 2011-03-03 11 If successful, the overhaul could see a slowdown in the country’s economy AFP [BEIJING] China, long the bargain workshop to the world, plans in the next five years to boost wages and narrow a worrying wealth gap as it vies toAFP - 633 words
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Article, Illustration554 2011-03-03 11 AFP [FRANKFURT] Financial markets will track a new staff forecast for 2012 inflation today as a gauge to when the European Central Bank might begin to raise its key interest rate, analysts said. “In terms of policy implications, watch out for 2012 inflation. The closerAFP - 554 words
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603 2011-03-03 11 Reuters [SEOUL] South Korea’s annual consumer inflation in February rose more than expected to a 27-month peak, staying above the central bank’s target and hardening expectations from economists for another rate rise next week. The consumer price index rose 4.5 per cent inReuters - 603 words
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674 2011-03-03 11 Latest PMIs signal growing inflationary pressures Reuters [NEW YORK] Factory input costs rose across the globe in February, the latest sign of brewing inflation pressures, as manufacturing in the United States and the eurozone grew at the fastest pace in years. The sectorReuters - 674 words
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Article, Illustration540 2011-03-03 11 AFP [SYDNEY] Australia’s economy expanded 0.7 per cent in the last quarter of 2010, official figures showed yesterday, but the full impact of disastrous floods has yet to emerge. The statistics bureau said the quarter-on-quarter figure was up from a revised 0.1 per centAFP - 540 words
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MALAYSIA/INDONESIA
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473 2011-03-03 12 Loans growth to stay robust in near term but is seen tapering off later [PETALING JAYA] Banks are expected to do well this year, on the back of robust loans growth and corporate deals that will benefit investment banks, The Star newspaper quoted473 words
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Article, Illustration582 2011-03-03 12 Reuters [JAKARTA] Indonesia sees rice output rising 1.4 per cent this year, leading to a surplus that will reduce the likelihood of imports by South-east Asia’s biggest economy, easing fears over escalating prices of the food staple. Ample regional supplies and the reduced prospectReuters; REUTERS - 582 words
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380 2011-03-03 12 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia’s state-controlled carmaker, has signed a preliminary agreement with Nissan Motor Co that could lead to Japanese technology being used in cars from the South-east Asian nation. Proton will complete the strategic partnership by April 30, the Subang Jaya-basedBloomberg - 380 words
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166 2011-03-03 12 Bloomberg [JAKARTA] Indonesia may gradually reduce the maximum deposit guarantee at banks as a global economic recovery reduces the risk that lenders will fail, Bank Indonesia governor Darmin Nasution said. Now “is the right time” to review the guarantee amount because the financial crisisBloomberg - 166 words
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Advertisement2648 2011-03-03 12 WATS NOTICES BUY IT• SELL IT• FIND IT OSIM INTERNATIONAL LTD nQlf\/l ft (Company Registration No. *****4191N) 11 w I (Incorporated in Singapore with limited liability) Inspiring well-being NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OSIM International Ltd ("the Company") will be2,648 words
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Advertisement751 2011-03-03 12 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No.ofShares AFP Properties Limited *****11 A S Renganathan 3,548 Golden Agri-Resources Ltd *****05 A S Renganathan 1,383 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from751 words
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GREATER CHINA/INDIA
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Article, Illustration658 2011-03-03 13 Bloomberg [NEW DELHI] India needs disruptive policies and fundamentally different solutions to help meet future challenges, Mukesh Ambani, the country’s richest man, told a group of industrialists. “Mere policy reforms to incrementally affect the status quo will be meaningless,” Mr Ambani, 53, saidBloomberg; AP - 658 words
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582 2011-03-03 13 Another official removed over disciplinary issues AP disciplinary [SHANGHAI] A widening probe into corruption in China’s powerful Railways Ministry is raising questions over the scale and pace of its multibillion-dol-lar drive to build costly high-speed railways, though it is unlikely to derail the programme.AP - 582 words
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671 2011-03-03 13 Concessions follow protests and polls showing slump in govt popularity Bloomberg [HONG KONG] Hong Kong’s financial secretary caved in to protests over plans to bolster residents’ pension funds, opting to hand out cash and tax rebates that a week ago heBloomberg - 671 words
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Article, Illustration78 2011-03-03 13 [BEIJING] Visitors visit the newly-expanded National Museum of China in Beijing, the capital of China on Tuesday. China’s National Museum, lying to the east of Tiananmen Square, reopened Tuesday after more than three years’ of renovation. The exhibition area of the National Museum of China isXINHUA - 78 words
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Article, Illustration368 2011-03-03 13 Bloomberg [BEIJING] Billionaire Zong Qinghou, whose beverage maker Hangzhou Wahaha Group Co has made him China’s richest man, said that he plans to venture into retailing by opening 100 department stores. “We are in talks with many local governments as establishing bigBloomberg; BLOOMBERG - 368 words
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18 2011-03-03 13 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD D SGD 100.46 21/02/1118 words
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Advertisement24 2011-03-03 13 Understanding both China and the West helps him build his distribution empire 了懂他分 To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
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WORLD
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Article, Illustration671 2011-03-03 14 It stays cautious on global outlook, says regulations getting more fragmented Reuters [HONG KONG/LONDON] Asia-focused bank Standard Chartered met expectations with a 19 per cent rise in profits and said it was off to a record start this yearReuters; REUTERS - 671 words
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Article, Illustration607 2011-03-03 14 Reuters [SINGAPORE] UBS, the world’s biggest wealth manager, aims to expand its business in Asia-Pacific at twice the pace of the market’s growth and is boosting investment in the hottest market for private banking to win more client money. Jurg Zeltner, chiefReuters; REUTERS - 607 words
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325 2011-03-03 14 Bloomberg [ZURICH] Swiss Life Holding AG, Switzerland’s biggest life insurer, has raised its dividend as second-half profit more than doubled on cost cutting and better investment returns. Net income rose to 289 million Swiss francs (S$396 million) in the six months endedBloomberg - 325 words
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635 2011-03-03 14 Reuters [MADRID] A drop in Spanish household savings in 2010 shows that consumers are starting to spend after penny pinching through the financial crisis and should aid growth, Economy Secretary Jose Manuel Campa said on Tuesday. But economists warned that with unemployment over 20Reuters - 635 words
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193 2011-03-03 14 Reuters [WASHINGTON] Duplicating, overlapping and fragmented US government agencies are wasting tens of billions of federal dollars every year, according to a congressional report released on Tuesday. In its first annual report to Congress, which was mandated by legislative action last year,Reuters - 193 words
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569 2011-03-03 15 It aims to free up about US$8b and compete against Google, Facebook Reuters [NEW YORK] Yahoo Inc is in advanced talks to leave its Japanese joint venture, seeking to resolve its dysfunctional Asian partnerships and free up as much asReuters - 569 words
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Article, Illustration679 2011-03-03 15 Galliano awaits result of a police inquiry Reuters [PARIS] John Galliano brought flair, vision and a touch of outrage to Dior when he joined the Parisian brand over a decade ago, keeping it in the spotlight as some other legacy fashionReuters; AP - 679 words
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Article, Illustration503 2011-03-03 15 Reuters [CANBERRA] Australia’s Westpac Banking Corp is betting on a strong rebound in the country’s farm sector, seeking aggressively to boost its exposure to agriculture as farmers recover from a double-whammy of drought and floods. Graham Jennings, head of Westpac’s agri-business lending division,Reuters; REUTERS - 503 words
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436 2011-03-03 15 Bloomberg [CANBERRA] Australia, the fourth-largest wheat exporter, risks more climatechange damage than other developed countries partly because of the threat to its agriculture, says Ross Garnaut, the federal government’s adviser on the topic. “Our agriculture is particularly vulnerable,” Mr Garnaut told reportersBloomberg - 436 words
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718 2011-03-03 15 AP [BANGKOK] Investors disillusioned by the implosion of Wall Street titans, economic anaemia in Japan and a debt debacle in Europe have found abundant opportunities to grow wealth in industrialising economies such as China and India. But now, as angry populations roilAP - 718 words
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489 2011-03-03 16 He eyes acquisitions, but says there aren’t many elephants that meet his criteria Reuters AP [NEW YORK] Billionaire Warren Buffett said the US economy is “coming back” and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businessesReuters; AP - 489 words
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306 2011-03-03 16 AFP [LONDON] Britain on Tuesday slashed 16 countries including Russia and China from the list of nations it gives financial aid to and said it would no longer fund four “irrelevant” UN aid organisations. Angola and Vietnam are also among countries that will seeAFP - 306 words
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320 2011-03-03 16 AFP [WASHINGTON] Private firms in the United States added 217,000 jobs in February, according to data released yesterday, a solid bump that pointed to a quickening recovery in the struggling jobs market. Private payrolls firm ADP reported a 15 per cent increase inAFP - 320 words
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Article, Illustration433 2011-03-03 16 AP [DHAKA] Nobel laureate Muhammad Yunus has been forced from his position as head of the microfinance lender he founded, Grameen Bank, television stations reported yesterday. Bangladesh’s central bank ordered his removal after accusations that he violated the country’s retirement laws, accordingAP; AFP - 433 words
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645 2011-03-03 16 Reuters Bloomberg AFP AP [DUBAI] Investors rattled by spreading Middle East unrest drove stocks across the Arab world down sharply yesterday, with regional heavyweight Saudi Arabia’s exchange suffering another day of steep declines. The kingdom’s benchmark Saudi All Shares Index tumbledReuters; Bloomberg; AFP; AP - 645 words
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Article, Illustration370 2011-03-03 16 AP [MOSCOW] Former Soviet leader Mikhail Gorbachev was awarded Russia’s highest medal on his 80th birthday yesterday, a belated tribute from the homeland where many blame him for the 1991 collapse of the Soviet Union. Russian President Dmitry Medvedev told Mr Gorbachev duringAP - 370 words
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Advertisement34 2011-03-03 14 LESS IS MORE Indian brides ditching traditional heavy make-up for modern, lighter look Indians add to foreign flavour in Singapore private property market GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)34 words
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FOCUS: GLOBAL FINANCIALS
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Article, Illustration1194 2011-03-03 17 STEVEN M DAVIDOFF - Wall Street may be repeating the same mistakes made before the financial crisis, as far as borrowing is concerned By STEVEN M DAVIDOFF NYT DEBT is back. High-yield debt interest rates are low and companies are rushing to borrow. But the revival of theNYT; REUTERS - 1,194 words
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Article, Illustration679 2011-03-03 17 About 5 smaller nations voiced doubts while Germany, France likely to say changes not enough NYT [BRUSSELS] A push to align European corporate tax systems has emerged as the biggest obstacle to a proposal aimed at imposing more fiscal disciplineNYT; AFP - 679 words
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EDITORIAL & OPINION
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465 2011-03-03 18 EDITORIAL THE recent uprisings in Egypt and Tunisia both of which saw a peaceful end to the crisis as their respective leaders eventually stepped down served as a huge wake-up call to the volatility in the Middle East, a region that was once regarded as465 words
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Article, Illustration878 2011-03-03 18 THOMAS FRIEDMAN - THE BOTTOM LINE THOMAS FRIEDMAN NYT FUTURE historians will long puzzle over how the selfimmolation of a Tunisian street vendor, Mohamed Bouazizi, in protest over the confiscation of his fruit stand, managed to trigger popular uprisings across the Arab/Muslim world.NYT - 878 words
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Article, Illustration986 2011-03-03 18 SANJAY CHATURVEDI - And the reappraisal is especially critical now, with the rise of the Asian middle classes By SANJAY CHATURVEDI The writer is professor of political science at Panjab University, Chandigarh, India. This article is a review of the book ‘How Asia Can Shape the World: FromAP - 986 words
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Article, Illustration1141 2011-03-03 19 RONNIE LIM - Its latest investments in Nanjing and Malaysia spell competition for Singapore’s oil hub Jurong Island RONNIE LIM Energy Editor THERE is clearly a sea change in the way Western investors regard “grown-up” corporate China, evident especially in their dealings with the Chinese conglomeratesBASF SE - 1,141 words
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Article, Illustration882 2011-03-03 19 G SIVALINGAM - In 2011, a drop in external demand, rising inflation and hot money might weigh on economy By G SIVALINGAM The writer is a visiting senior research fellow in the Institute of Southeast Asian Studies (ISEAS), Singapore THE YEAR 2010 has been882 words
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AVIATION
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Article, Illustration845 2011-03-03 20 VEN SREENIVASAN - Move follows oil price surge to over US$100 per barrel amid M-E unrest By VEN SREENIVASAN THE International Air Transport Association (Iata) has cut its industry profit forecast for 2011 to US$8.6 billion, compared to its December 2010 forecast of US$9.1 billion, onBLOOMBERG - 845 words
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Article3285 2011-03-03 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Amsterdam LO4031 0605 KL8363,285 words
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438 2011-03-03 20 VEN SREENIVASAN - Partnership with e2i and WDA will help meet its skills need By VEN SREENIVASAN GLOBAL power systems giant Rolls-Royce has inked a partnership with the National Trades Union Congress’ Employment and Employability Institute (e2i) and the Singapore Workforce Development Agency (WDA) to equip438 words
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Article278 2011-03-03 20 SGX '000 Mar 2 S$ +/-Vol CH Offshore 0.45 -0.02 156 Chuan Hup Hldg 0.24 unch 25 Cosco Corp 1.99 -0.05 ***** CWT Ltd 1.21 -0.03 1766 Ezra Hldgs 1.67 0.05 8796 First Ship Lea 0.42 -0.01 366 Freight Links 0.07 unch 1192 Grand Banks unch unch 0278 words
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300 2011-03-03 20 VEN SREENIVASAN - By VEN SREENIVASAN RESPONDING to the continuing turmoil and uncertainty in the Middle East and North Africa, the International Air Transport Association (Iata) has shifted its 67th Annual General Meeting to Singapore. This year’s meeting was originally scheduled to be in300 words
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Page 20 Miscellaneous
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Miscellaneous349 2011-03-03 20 CRYPTIC CROSSWORD Across 9 Groom wanting old band (5) 10 Loss of silver after end of work in holy place (9) 11 Sweet bit of food pig may come across (7) 12 Mottled piece of fruit divine on the outside (7) 13 Set of beliefs Indian abandoned finally (5) 14349 words
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4286 2011-03-03 21 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination COMMODORE4,286 words
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Page 21 Advertisements
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Advertisement26 2011-03-03 21 Shippers looking for Warehouse Can they find your services here in the Shipping Times? ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES26 words
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SHIPPING
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Article, Illustration525 2011-03-03 22 Tough to win deals as surge in Asian demand shrinks number up for hire Reuters [NEW YORK] A lack of available liquefied natural gas (LNG) tankers helped push charter rates up this winter and continues to hamper trade for smaller players without access toReuters; FILE PHOTO - 525 words
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210 2011-03-03 22 Reuters [COPENHAGEN] Danish carrier D/S Norden reported a slightly smaller-than-fore-cast drop in operating earnings for the fourth quarter, hit by weak freight rates, and said that 2011 was likely to be a mediocre year. Earnings before interest and tax (Ebit) fell to US$23 millionReuters - 210 words
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571 2011-03-03 22 Soaring fuel costs hoist freight rates on key grain routes Reuters [SINGAPORE] Spiralling shipping costs for commodities threaten to drive food inflation even higher as nations from Asia to the Middle East and Africa scramble for supplies, stung by grain prices thatReuters - 571 words
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Article278 2011-03-03 22 SGX '000 Feb 2 S$ +/-Vol CH Offshore 0.50 -0.01 189 Chuan Hup Hldg 0.26 0.01 60 Cosco Corp 2.28 0.08 7278 CWT Ltd 1.26 0.01 2442 Ezra Hldgs 1.71 0.03 2724 First Ship Lea 0.44 unch 52 Freight Links 0.07 unch 5361 Grand Banks unch unch 0278 words
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Page 22 Advertisements
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Advertisement143 2011-03-03 22 HALL 401, SUNTEC SINGAPORE March 1 3, 2011 10:00 TO 18:00hrs www.bairdmaritime.com IS ALL IT TAKES TO CONTACT: ASIAN WORK BOAT 2011 EXHIBITION BUT,WITHSOMUCHTOSEE,ONEVISITSURELYWON’TBEENOUGH. ENTRY IS FREE– All Welcome! Donʼt miss the FREE PRODUCT PRESENTATION SEMINARS. Check our website for latest details. www.asianworkboat.com Aquaculture Support Boats Assault Craft Dredgers Ferries143 words
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SINGAPORE STOCKS
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Article9064 2011-03-03 23 Transaction date: Mar 2 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 17.5 unch 30 17.5 17 17 17.5 7.8 3.5 3.7 83.8 12 4.5 58349,064 words
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Article1657 2011-03-03 24 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 4.5 4 5 21.4 4.3 225 130 6222 t APStrategic 165 +1 1 165 165 1601,657 words
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Article9538 2011-03-03 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.06/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund9,538 words
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Article250 2011-03-03 24 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 $mil 56 38 6000 AVJennings A53cd 50 55.5 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US38 -0.5 ***** 38.5 37.5 38 38.5 2502.1250 words
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Article908 2011-03-03 24 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 $mil 124 108 6389 ABF SG Bond ETF 110.7 +0.7 28 110.8 110.7 110.7 111 505.3 1070 761 CIMBAsean40 100US$ US1028 +20 7 1028 1028908 words
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FINANCE & COMMODITIES
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374 2011-03-03 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 1 Index Change Change Change Change Change Change World Index Preliminary 936.5 -0.3 4.3 -0.3 4.4 -0.3 5.3 EAFE Preliminary 829.7 -0.1 3.6 -0.1 4.6 0.0 5.4 Europe Preliminary 1204.7 -0.7374 words
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Article177 2011-03-03 25 Mar 2 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.32 0.22 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.60 0.50 9 months 0.80 0.60 12177 words
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Article22 2011-03-03 25 Mar 2 S$ Bid Offer 1-month 1.2708 1.2718 2-months 1.2705 1.2715 3-months 1.2703 1.2713 6-months 1.2695 1.2706 Source: OCBC22 words
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Article121 2011-03-03 25 Mar 02 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.258 Can dollar 1.33 1.279 Euro 1.786 1.718 Sterling pound 2.109 2.028 NZ dollar 0.978 0.932 US dollar 1.291 1.242 Local dollars to 100 units of foreign121 words
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Article29 2011-03-03 25 Mar 2 Open High Sett STI Mar 3016 3016 3023 SIMSCI Mar 361.4 361.4 355.4 Taiwan Mar 310.7 311.6 307.2 Source: MF Global (S) Pte. Ltd29 words
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Article65 2011-03-03 25 Mar 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3631 3660 3679 3629 1533 3314 Apr 11 3599 3624 3660 3561 2356 ***** May 11 3560 3590 3629 3506 ***** ***** Jun 11 3544 356565 words
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Article472 2011-03-03 25 Mar 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6875 0 4827 Jun11 99.6400 0 2607 Sep11 99.5550 0 3214 Dec11 99.4000 0 2875 EUROYEN TIBOR FUTURES Mar11 99.6625 0 6006 Jun11 99.6500 99.6500 99.6500 99.6525 0 1422 Sep11 99.6400 99.6400 99.6400 99.6450 0 766472 words
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Article140 2011-03-03 25 Mar 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 598.0 598.0 601.0 1 May 11 600.5 600.0 600.0 11 Jun 11 600.0 600.0 600.0 10 Jul 11 597.0 Aug 11 594.0 Sep 11 580.0 Oct 11140 words
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Article79 2011-03-03 25 Mar 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.06.2011 0.34 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.46 5-Year N*****0S 2.875 01.07.2015 107.4 107.5 107.46 10-Year NY*****N79 words
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Article107 2011-03-03 25 Mar 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1367.50 1357.25 1369.00 1347.25 May 11 1375.25 1364.75 1376.50 1353.75 Jul 11 1382.00 1372.25 1384.25 1361.25 Aug 11 1370.00 1359.00 1371.00 1351.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.07107 words
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Article77 2011-03-03 25 CRUDE OIL PRODUCTS Mar 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.96 1.00 WTI (Near Mth) 99.61 2.61 Dubai (1-Mth F) 106.80 0.44 Tapis blend 117.35 0.76 Minas 113.25 0.76 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.83 -0.34 Jet Kerosene 127.75 -1.20 US$/barrel Opec Oil77 words
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2616 2011-03-03 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 24 unch 217 1 10 -6 1.50 56 6221 Asia-Pacific Strategic W*****6 32 1 150 10 5.16 38 6227 ASJ Hldgs W*****1 3 1 4 402,616 words
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Article464 2011-03-03 25 Mar 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 6.643 0.734 7.874 45.293 89.080 0.829 11.387 3.069 1.364 86.549 43.949 1.285 7.043 0.938 29.969 30.877 0.623 1.011 Canada 1.014 6.736464 words
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Article85 2011-03-03 25 Mar 2 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-03-03 25 Mar 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2841 1.2857 1.0103 1.0108 Canadian dollar 1.3020 1.3039 1.0244 1.0251 Euro 1.7502 1.7518 1.3770 1.3772 NZ dollar 0.9413 0.9433 0.7406 0.7416 Sterling pound 2.0627 2.0647 1.6229 1.6232154 words
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Article137 2011-03-03 25 Mar 2 GOLD (US$/oz) Mar 02 Mar 01 Hong Kong 1429.50 1413.80 Mar 01 Feb 28 London 1422.45 1414.70 1423.15 1415.40 Source: Thomson Reuters CAST BAR Mar 02 (S$) Selling Buying Kilobar "62,711.63" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 59 5gm 399 293 10gm 712137 words
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Article71 2011-03-03 25 Mar 1 Mar 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2577.75 2569.25 3 months 2610.00 2600.00 Copper, Grade A (US$/tonne) Cash 9848.50 9879.50 3 months 9859.50 9885.00 Lead (US$/tonne) Cash 2568.75 2573.25 3 months 2555.00 2562.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-03-03 25 Mar 1 COCOA (£/tonne) Close Prev High/Low Mar 11 2337 2392 2401/2330 May 11 2325 2381 2389/2316 Jul 11 2262 2308 2315/2246 Sep 11 2242 2280 2288/2223 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2337 2339 2379/2322 May 11 2384 unch 2412/2352 Jul 11 2397 2393 2419/2371 Sep 1182 words
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BizIT
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Article, Illustration722 2011-03-03 26 RAJU CHELLAM - Nucleus Software to expand data centre and product offerings here, writes RAJU CHELLAM writes RAJU CHELLAM IT IS not just the top-tier Indian ICT companies that are looking to Singapore to set up or expand their overseas headquarters to fuel their growth. Now,722 words
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304 2011-03-03 26 JERMAINE NG - By JERMAINE NG STARHUB yesterday announced the launch of four new data roaming price plans and Roam Manager, a free service that provides mobile roaming information and data usage costs for customers. The first of its kind in Singapore, Roam Manager allows users to304 words
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504 2011-03-03 27 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY BUSINESSES in Singapore are looking at solutions which help them to manage data and not just manage storage technology, according to Oracle. Speaking to BizIT, Oracle’s Ong Chee Beng noted that local companies are sophisticated in their use504 words
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Article, Illustration273 2011-03-03 27 AFP [SAN FRANCISCO] Motorola Mobility chairman and chief executive Sanjay Jha said on Monday that the US telecom maker is pleased with early sales of the Xoom, its rival to Apple’s iPad. “They’re off to a good start,” Mr Jha said ofAFP - 273 words
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Article, Illustration669 2011-03-03 27 VICTORIA HO - With financial pressures, they are starting to examine ops efficiencies By VICTORIA HO MILITARY forces are often thought to be well-oiled machines, but in the case of logistics efficiencies, many are closer to creaking behemoths, according to an expert. Allan Manning, a logistics669 words
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Page 26 Advertisements
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Advertisement207 2011-03-03 26 One touch scanning Retailing atS$299, get yours before 31 March 2011 and receive a free carry case worth S$65? Scanner price is inclusive of GST. Promotion is on a while-stocks-last basis. Se/er Image Scanner- < On the go Now you can digitise documents no matter where you are with the207 words
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Page 27 Advertisements
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Advertisement456 2011-03-03 27 Dear reader, Advertisement You may have been approached to sign long-term license agreements for your virtualization projects. But with the arrival of cloud computing, signing up for a long-term virtualization commitment may lock you into a vendor that cannot provide you with the breadth of technology, flexibility or scale that456 words
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PROPERTY
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902 2011-03-03 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 08/02/2011 99 1130 2245 1986 District 2 NON-LANDED Int'l Plaza902 words
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Article, Illustration501 2011-03-03 28 Analysts unsure how the 2 brothers will handle role as joint CEOs of Westfield Renters [MELBOURNE] The chief executive of Australia’s Westfield Group, the world’s biggest shopping mall operator, is handing control to two of his sons, starting a new era forRenters; REUTERS - 501 words
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564 2011-03-03 29 Divestments will unlock value of its assets, says company Bloomberg [PARIS] Carrefour SA shares fell in Paris trading after the world’s secondlargest retailer said it plans to spin off 100 per cent of its Dia discount chain and 25 per cent ofBloomberg - 564 words
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296 2011-03-03 29 UMA SHANKARI - It’ll invest in and manage real estate assets in the region By UMA SHANKARI [SINGAPORE] Savills has expanded its range of services after acquiring a Singa-pore-based boutique investment advisory company. With the purchase, Savills’ new investment unit Savills Asia Pacific Real Estate will focus296 words
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345 2011-03-03 30 Rising commercial lending boosts net gain to US$17.6m, or EPS of 33 cents Bloomberg [CHICAGO] Starwood Property Trust Inc, the real estate investor founded by Barry Sternlicht, has reported a fourth-quarter profit, with the company’s expanding commercial lending portfolio boosting income. Net income attributableBloomberg - 345 words
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95 2011-03-03 30 Reuters [HONG KONG] Shimao Property Holdings Ltd said yesterday it would issue US$350 million senior notes due 2018, raising capital to finance redemption of a floating rate note and to repay other debt. In a filing with the Hong Kong bourse, the Chinese propertyReuters - 95 words
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144 2011-03-03 30 Bernama [CYBERJAYA, Malaysia] Property developer S P Setia Bhd has bought 108.5ha of prime freehold land in Cyberjaya’s flagship zone for RM420.4 million (S$176 million) from Setia Haruman Sdn Bhd. The land will be developed as Setia Eco Glades project by SetiaBernama - 144 words
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Article, Illustration999 2011-03-03 31 Startups also flock to San Francisco, which may hit 2010’s 7.5m sq ft of leasing Bloomberg [SAN FRANCISCO] San Francisco’s office market is rebounding after record space cuts by banks, buoyed by technology companies including Twitter Inc and Salesforce.com Inc that mayBloomberg; FILE PHOTO - 999 words
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Article, Illustration620 2011-03-03 32 It puts developers’ profit margins under pressure, say Credit Suisse analysts Bloomberg [SHANGHAI] China’s less affluent cities, safe havens for developers amid increased government housing curbs, may lose their “advantage” in 2011 as land prices surge, Credit Suisse Group AG said. Land pricesBloomberg; PHOTO: SHERILYN CHIA - 620 words
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Page 28 Advertisements
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Advertisement132 2011-03-03 28 For Sale By Tender Rare Commercial Site Near Bugis MRT Station Not drawn to scale. For reference only. North Bridge Commercial Complex at 470 North Bridge Road, Singapore Opposite Inter-Continental Hotel Bugis Junction Site area 1,079.1 sm (11,615 sf approx) Outline Permission obtained for Commercial use with approved GFA of132 words
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Page 29 Advertisements
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Advertisement229 2011-03-03 29 Secure Malaysian prized assets with Sime Darby Property at iProperty.com Expo 5 6 March 2011, Marina Bay Sands (Hall A) Sound and strategic investments Our portfolio of homes are built on prime land in key locations within the Klang Valley, and come with a wealth of amenities and convenience. That’s229 words
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Advertisement94 2011-03-03 29 London Penthouse Launch k 1 Stunning. Inside and out The 'Premier Collection' London's most sophisticated waterside penthouses, overlooking Canary Wharf. Ultra glamourous apartments supported by the widest range of world-class facilities available in London. PRIVATE CINEMA PENTHOUSE BAR 360" VIEWS SIX SENSES SPA For your invitation to the exclusive cocktail94 words
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Page 30 Advertisements
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Advertisement344 2011-03-03 30 r Wn Knight *4 Frank Frank c FOR SALE BY TENDER Freehold Redevelopment Site I 1 mi Located along Changi Road Land area: 2,455.7 sq m (approx. 26,433 sq ft) Master Plan 2008 "Hotel" Possible change of use to 'Commercial' with GPR 3.0, subject to approval from relevant authorities Close344 words
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Advertisement173 2011-03-03 30 Tired of making endless calls in search for your dreamhouse? We made it hassle-free for you! Introducing “FAST” (First Automated SMS Transponder) Just SMS to *****000 receive full info! It’s really just that simple! Let your fingers do the talking, we’ll do the rest! Experience it now! BUNGALOWS FOR SALE173 words
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Advertisement281 2011-03-03 31 NO. 1 SOPHIA ROAD PRIME COMMERCIAL REDEVELOPMENT SITE View from actual development Hi. IRochor (U/C) BUKIT TIMAH ROAD Mount Emily Park Little India r-fl Interchange W|||<je Edge SOPHIA ROAD LASALLE College Of The Arts Sophia SUBJECT A Residences PROPERTY W a (U/C) Peace < Plaza -J, Pomo Q: Singapura y.281 words
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Advertisement309 2011-03-03 31 Knightfrank.com.sg SkY suite ANSON Dream, what it's like staying in the tallest condo in town, in impossibly stylish apartments, with freedom to entertain anytime, at the 4 high-level sky clubs on the 7 th 31 st 56 th and 72 nd storey. Imagine, a full kitchen that can be totally309 words
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Page 32 Advertisements
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Advertisement5 2011-03-03 32 ASIA PACIFIC RESIDENTIAL HIGHLY COMMENDED5 words
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Advertisement76 2011-03-03 32 Massive development scale Bunbury CBD FOR SALE Boundary indicative 14 Victoria Street, Bunbury, Western Australia Western Australia’s biggest regional city 19,500sqm* of built form potential Site Area: 5,627sqm* with 3 street frontages Z oning: City Centre; Plot Ratio: 3.5:1 www.realcommercial.com.au/*****73 *Approx. FOR SALE BY OFFERS TO PURCHASE Closing 4pm (WST)76 words
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THE BUSINESS TIMES Property
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Article, Illustration259 2011-03-03 1 Kalpana Rashiwala - Kalpana Rashiwala THE jury is still out on the latest dose of property cooling measures introduced by the government on Jan 13. Both buyers and sellers are watching the market closely, trying to assess the impact of the measures. It remains to be seen how prices will move.259 words
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Article, Illustration1413 2011-03-03 2 HAN HUAN MEI - Singapore can expect less growth in the inflow of foreign investors this year unless exciting new initiatives are announced by the government again, says HAN HUAN MEI HAN HUAN MEI The writer is associate director, CBRE Research THE luxury condominium market1,413 words
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Article, Illustration1059 2011-03-03 5 NG WEI EN, CHUA CHOR HOON - Buyers will be more selective and pick projects in more attractive and convenient locations, write NG WEI EN, CHUA CHOR HOON Ng Wei En is research analyst and Chua Chor Hoon is head of South East Asia research at DTZ MASS and mid-tierFILE PHOTO; Source: URA, DTZ Research - 1,059 words
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Article, Illustration1280 2011-03-03 6 WENDY TANG, PNG POH SOON - Cluster housing combines features of landed homes with common facilities, write WENDY TANG PNG POH SOON Wendy Tang is executive director, head of residential services, and Png Poh Soon is associate director, head of consultancy research, Knight Frank LANDED properties shone brightest in theSource: Realis, Knight Frank Research - 1,280 words
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Article1609 2011-03-03 8 WILLIAM WONG - Scarcity and owners’ strong holding power mean the cooling measures may have limited impact on this segment, says WILLIAM WONG The writer is managing director, RealStar Premier Property Pte Ltd LANDED property enjoyed a fantastic year in 2010. Good Class Bungalows in the prime districts1,609 words
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Article, Illustration1797 2011-03-03 10 JACQUELINE WONG, CLAIRE GENT - Offering unique differentiators helps developments stand out from the competition say JACQUELINE WONG CLAIRE GENT Jacqueline Wong is head of residential and Claire Gent is manager of research consultancy, Jones Lang LaSalle THE luxury prime residential market in Singapore taps into the demands of highARTHUR LEE; Source: Jones Lang LaSalle - 1,797 words
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Article, Illustration810 2011-03-03 10 LINETTE LIM - Multi-purpose space the latest interior design trend Eclecticism and resort theme popular among young owners keen to be involved in design process By LINETTE LIM WITH property prices still bouyant, those who are craving the look and feel of a new home without the cost can look at another optionMASANO KAWANA - 810 words
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Article, Illustration781 2011-03-03 12/13 Current major projects NO PROJECT TENURE DISTRICT DEVELOPER LOCATION TOTAL A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB AC AD AE AF Spottiswoode781 words
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Article, Illustration1257 2011-03-03 14 EUGENE LIM - Demand and supply-side measures are stabilising the market after four red-hot years. By EUGENE LIM The writer is key executive officer, ERA IT HAS been some six months since the government announced measures designed to help first-time buyers as well as to keep theFILE PHOTO; Source: HDB & ERA transactions; Source: HDB - 1,257 words
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Article, Illustration1622 2011-03-03 16 ONG KAH SENG - Sandwiched class who find private housing still pricey despite cooling measures appreciate ECs as an alternative, says ONG KAH SENG Ong Kah Seng is senior manager, research (Asia Pacific) at Cushman Wakefield AFTER a hiatus of half a decade, executive condominiums (ECs) made aFILE PHOTO - 1,622 words
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Article, Illustration1246 2011-03-03 18 NICHOLAS MAK - Major contractors can stay competitive by venturing into property development. By NICHOLAS MAK The writer is executive director, research and consultancy, SLP International YEAR 2010 was a stellar year for the construction industry, with the total value of building contracts awarded amounting to $25.7 billion,Source: Building and Construction Authority - 1,246 words
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Article, Illustration1319 2011-03-03 19 DENNIS NG - DENNIS NG gives the lowdown on how the new rules affect the financing of your new property purchase DENNIS NG Dennis Ng is an accountant by training and founded mortgage consultancy http://www.HousingLoanSG.com in Singapore in 2003 IF YOU have a housing loanFILE PHOTO - 1,319 words
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Article, Illustration1262 2011-03-03 20 DAVID REES - But home prices may stay stable as debt and building costs are high, while rising wages and jobs may curb any price falls, says DAVID REES The writer is head of research Australasia, Jones Lang LaSalle DURING 2010, the Australian residential property market turned in aBLOOMBERG; Source: Australian Bureau of Statistics, Jones Lang LaSalle - 1,262 words
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Article, Illustration1160 2011-03-03 21 NEIL BEHRMANN - Estate agents expect stability in 2011, recovery in 2012, but economists cautious, says NEIL BEHRMANN A FLOOD of new prime developments are boosting the supply of London residential property and foreign investors are the targeted potential buyers. In hyped-up promotions, enthusiastic developers and agentsSource: UK Land Registry - 1,160 words
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Article, Illustration1209 2011-03-03 22 PAULINE NG - Industry players cite robust demand for housing backed by strong liquidity, favourable interest rates and stable economy, reports PAULINE NG PROPERTY players expect Malaysia’s residential property sector to perform positively this year on the back of robust demand for housing supported by strong liquidity, favourable1,209 words
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Page 1 Advertisements
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Advertisement81 2011-03-03 1 INSIDE Prices of top-end condos may cruise along PAGE 2 Upside potential for luxe rentals PAGE 10 Reaping bigger gains as contractor-developers PAGE 18 Bungalow prices to hold steady PAGE 8 Outlook for London, Malaysia, Australia markets PAGES 20-22 Still a niche for exec condos PAGE 16 IT'S ABOUT DIFFERENT81 words
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Advertisement126 2011-03-03 2 Your ideal business space. Science Business Parks mm? i m*" Light Industrial Space i LTampines Biz-Hub 53 Serangoon North Avenue 4 rr Z rr rr rrri <sS 'a* The Kendall MIS 1 V r s s *< S The Capricorn Plaza 80CBP Hi-Tech Industrial Space IK z.r .t .u3R i126 words
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Advertisement242 2011-03-03 3 There's a time to see A time to be seen. And one place for it a By Zaha Hadid mi ted HOLLAND ROAD d'Leedon is Pritzker laureate Zaha Hadid's visionary approach to architecture. With seven striking organic towers soaring 36 storeys high and occupying a generous 8-hectare land area, it242 words
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Advertisement6 2011-03-03 4 The Business Times, Thursday, March 3,6 words
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Advertisement150 2011-03-03 5 citibank' Our dream home. J'Axf 4 <!• ft f m Powered by Citi. Citibank Home Saver. Finance your new purchase or refinance your existing property with Citibank's competitive interest rates. Citibank Global Home Equity. Consolidate your property portfolio (residential properties in London, Australia, Malaysia and Hong Kong) into one account150 words
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Advertisement145 2011-03-03 6 yvltr Living 5y<kccj fiJii/L y<yttr Sjidcej <k ydiicry <yf yvixr jcCf-cxp.rcjj^o-^j. sh ~c. Ml"% 4W Os ski 0 __gjggM«| 1 ft HL il CXrjict ftJxLLcvVerixq PHOTO MACRO COLLECTION PHOTO BY B.I.C. CARPETS. ROCKS, VENETIAN RED tiv> f .4 I x If SB! <* Ft h c (yoruxg PHOTO BY CAMENGO,145 words
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Advertisement318 2011-03-03 8 POTIKWOOHF \JI I lOVfVvi/t RESIDENCES A* s > FREEHOLD PI AM* k •c im r^iM y y Dedicated To Creating A Masterpiece 111! UOL Group Limited REDAS FINAL RELEASE OF HIGH FLOOR SEA FACING UNITS Spottiswoode Residences soars 36 storeys into the sky, unfolding the city just for you. All318 words
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Advertisement633 2011-03-03 11 Seagate THE CITY IS NOW CLOSER THAN EVER Khatib Camp WOODLANDS ADMIRALTY RESIDENCES Anderson Junior College PROPOSED NORTH SOUTH EXPRESSWAY GAMBAS AVE SEMBAWANG ROAD Seletaris Euphony Gardens Sembawang Golf Course ANG MO KIO AVE 6 Bullion Park Castle Green Nuovo MARYMOUNT ROAD TOA PAYOH RISE Future North South Expressway to633 words
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Advertisement106 2011-03-03 12/13 EXCE AL Knight Frank m i im¥P P<°>~ty &/700 31 Valuer an SSL connoisse 3 3... mi We're searching the horizon for those who are as excited about life as they are about their job. As the best in the business we have a record of attracting candidates with unusual106 words
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Advertisement298 2011-03-03 14 n G Glyndeboume A STRONGER HEADSTART FOR YOUR CHILD IN A NEIGHBOURHOOD OF PRESTIGIOUS SCHOOLS. THE S'BHaaaflaaoaiMBiaaBBPPaaMtmc.TnfirTrTOp QDOO m r^T/ ■I'-)-]-1 22£222^^^^ gpnafgiww 2£222B^nn5 5 MINUTES' WALK TO UPCOMING STEVENS MRT STATION Singapore Polo Club /tutu Raffles Girls' Pri Sch 1 Coronation Plaza Raffles Girls' Sec Sch Shangri-La Newton MRT298 words
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Advertisement468 2011-03-03 15 MARINA BAY FINANCIAL CENTRE ASIA'S BEST BUSINESS ADDRESS™ Taking centre-stage in the heart of Singapore's magnificent new downtown is Marina Bay Financial Centre. Singapore's first and largest integrated development, Marina Bay Financial Centre, anchors the purpose-built financial district of Marina Bay. An iconic addition to the district with an infrastructure468 words
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Advertisement6 2011-03-03 17 Business Times, Thursday, March 3, 20116 words
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Advertisement13 2011-03-03 18 OWN YOUR DREAM HOME WITH ONE OF THE BEST HOME LOANS IN TOWN13 words
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Advertisement305 2011-03-03 19 The Triton Building at Regent s Place brings the best of British contemporary architecture to a prime London West End location TON j NG CU ID m LONDON NW1 Stunning 26 storey tower designed by Stephen Marshall 5®? I lift IIPPM III ECuTlftX '-IT!! i; 1 k ...v -'Miff I305 words
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Advertisement281 2011-03-03 20 P&N HOLDINGS ENTERPRISE Simplify Your Route Through Property Intricacies It's easy to get lost in the property market. Fortunately, P&N Holdings—with an impressive turnover in excess of $160m for 2010 alone —is on hand to guide you. Thanks to our consumer-centric approach, immense experience and incredible market insights, every venture281 words
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Advertisement164 2011-03-03 21 WE'RE THE FIRST LOCAL BANK TO OFFER SINGAPORE DOLLAR LONDON PROPERTY FINANCING. SERVICE Investing in that property in London is now easier and more flexible with OCBC Premier Banking. You can also choose to take up our London property financing facility in Sterling Pounds (GBP). To find out more, call164 words
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Advertisement196 2011-03-03 22 .ACIFICELEWBILLAS HOKKAIDO III If 111 •'.V,, a Artist's Impression Luxury Villas in Hokkaido a* PROPERTY EXPO Venue Four Seasons Flotel Window East, 20 th Floor Date 5 th (Sat) 6 th (Sun) March 2011 Time 10.30am 7.00pm PROPERTY SEMINAR Seminar Time Japan Property Speaker 12.30pm, 2.30pm 4.30pm (Sat Sun) Investment196 words
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Advertisement409 2011-03-03 22 SETIA BUSINESS ***** Freehold Factories in Iskandar Malaysia r—N! 1 st phase fully sold 2 nd phase open for sale For light and medium industries seeking to enjoy lower operation costs STRATEGIC LOCATION: 20 km to Singapore Tuas 2 Link 25 km to Senai International Airport •15 km to Port409 words
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Advertisement740 2011-03-03 23 NEW STRUCTURE $12.5 BILLION SALES IN 2010 Stacy Wong Williams Chandran Dennis Wee Denson Phua David Foo Angela Lim Chris Koh Agency License No L*****83F Reeve Ho Anil Dube David Ng www.dwg.com.sg AGENCY INVESTMENT SALES PROJECT MARKETING TRAINING VALUATION COURAGE, HONESTY, COMPASSSION DWG achieved an astounding $12.5 Billion sales in740 words
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Advertisement7 2011-03-03 24 The Business Times, Thursday, March 3, 20117 words
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