The Business Times, 13 August 2011
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2011-08-13
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The Business Times
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Title Section19 2011-08-13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 13 14, 2011 S$1.00 MICA (P) 139/08/2010 Sf?1 A SINGAPORE PRESS HOLDINGS PUBLICATION19 words
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Article27 2011-08-13 1 changing tack THEY invoke market disruption clause to reset interest rates for corporate loans pegged to now-negative Swap Offer Rates (SORs). 227 words
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30 2011-08-13 1 good show BUT they face difficult times ahead because recent financial market turbulence is likely to hurt their income from capital market activities. 430 words
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32 2011-08-13 1 harder luck BIGGEST drag turns out to be low win percentages for its VIP business segment, and recession fears are keeping its short-term outlook cautious. 1332 words
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Article33 2011-08-13 1 smart money THEY are holding onto their positions in the belief that the sector is cheap and can ride out the current storm, say prime brokers. 1933 words
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820 2011-08-13 1 Michelle Tan - Taken together with the global uncertainty, some research houses are trimming their earnings forecasts By Michelle Tan michtyz@sph.com.sg Singapore WITH the reporting season drawing towards a close, 233 companies have so far posted their second-quarter results. Of these, 200 have chalked up a combined820 words
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Article, Illustration935 2011-08-13 1 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg Singapore KWEK Leng Beng, executive chairman of major property player City Developments, has a thing or two to say about price trends in the Singapore market. Over the next six months, he said, developers may adjust downwards launch pricesYEN MENG JIIN - 935 words
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Page 1 Advertisements
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Advertisement23 2011-08-13 1 the business www.businesstimes.com.sg the raffles conversation Panasonic Corp president Fumio Ohtsubo 8-9 MOTORING The luxurious Rolls-Royce Ghost EWB L18 LIVING Coffee Revolution L2-423 words
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Advertisement10 2011-08-13 1 SHOW ME THE MONEY Who do we listen to? 3310 words
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TOP STORIES
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Article, Illustration539 2011-08-13 2 Emilyn Yap, Conrad Tan - They are invoking a market disruption clause as SORs turn negative By Emilyn Yap, Conrad Tan emilyny@sph.com.sg conradt@sph.com.sg Singapore BANKS are starting to invoke a market disruption clause to reset interest rates for corporate loans pegged to now-negative Swap Offer Rates (SORs). United OverseasFILE PHOTO - 539 words
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Article140 2011-08-13 2 G STI 2,850.59 (+54.37) G STI FUTURES 2,840 (+55) G SIMSCI 328.27 (+6.37) G SIMSCI FUTURES 326.20 (+8.60) STOCKS Friday Change KL COMP 1,483.67 +7.21 NIKKEI 225 8,963.72 -18.22 HANG SENG 19,620.01 +24.87 SET 1,062.07 +1.86 JAKARTA 3,890.53 +21.16 MANILA 4,321.73 +10.71 KOSPI 1,793.31 -24.31 SHENZHEN B 677.32 +6.79140 words
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461 2011-08-13 2 Winston Chai - By Winston Chai winstonc@sph.com.sg Singapore ASIAN stock markets endured another day of wild mood swings, with most paring their morning gains as the initial rally from Wall Street’s recovery soon got weighed down by falling US futures and renewed fears of a worsening461 words
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548 2011-08-13 4 Conrad Tan - But they face difficult operating conditions in months ahead as violent swings in markets may hurt income By Conrad Tan conradt@sph.com.sg Singapore DESPITE reporting strong results in the second quarter, Singapore banks face difficult operating conditions in the months ahead. The recent548 words
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Article, Illustration572 2011-08-13 5 Teh Shi Ning - Kin Lian, Jee Say temper views that election is one pitting PAP against the Opposition By Teh Shi Ning tshining@sph.com.sg Singapore ALL four approved presidential hopefuls collected their certificates of eligibility at the Elections Department yesterday. None gave any indication that he might pullDESMOND FOO/THE STRAITS TIMES - 572 words
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448 2011-08-13 5 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg Singapore SINGAPORE refineries are enjoying a strong third quarter so far, thanks to brisk regional demand for transportation fuels and power plant feedstock, industry sources say. A fire at a major Taiwan refinery, plus natural gas448 words
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Article, Illustration546 2011-08-13 6 Japan cuts growth forecast; French economy stalls in Q2, Greece reports a contraction Bloomberg Hong Kong HONG KONG’s economy has shrunk for the first time since the global financial crisis after exports grew at a slower pace. Gross domestic productBloomberg; XINHUA - 546 words
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672 2011-08-13 6 Reuters Paris A PIECEMEAL ban on short-sell-ing of financial stocks in Europe sparked a rush of alternative proposals from countries and regulators yesterday and investors said the row undermined a rally in bank shares. France, Italy, Spain and Belgium imposed bans,Reuters - 672 words
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Page 2 Advertisements
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Advertisement63 2011-08-13 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Week in Review 10 Companies 11-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-4 Style L5 Beauty L6-7 Readers’ Promo L8-963 words
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Page 3 Advertisements
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Advertisement106 2011-08-13 3 FRANCK MULLER BOUTIQUE SINGAPORE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221) 310 7608 BANGKOK SIAM PARAGON (662) 610 9423 AUTHORISED RETAILERS SINGAPORE SINCERE FINE WATCHES NGEE ANN CITY (65) 6733106 words
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Page 5 Advertisements
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Advertisement25 2011-08-13 5 >/<//</ JACKPOT u rfi < THIS MONDAY X8 Do not bet illegally. RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m25 words
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Page 7 Advertisements
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Advertisement538 2011-08-13 7 Over 40 FREE Seminars by Financial Institutions Educators EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English) Over 30 Local International Exhibitors Attend Educational Workshops Conducted by International Investment Veterans WIN Attractive Lucky Draw Prizes EDUCATIONAL WORKSHOPS Geoff Howie (Moderator) Director Product Marketing, Sales Clients Singapore Exchange David Cohen Director538 words
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THE RAFFLES CONVERSATION
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Article, Illustration1602 2011-08-13 8/9 Kenneth James - Economic turmoil has not clouded Fumio Ohtsubo’s vision of transforming Panasonic into a global leader in green innovation. By Kenneth James By Kenneth James kenjames@sph.com.sg FOR Panasonic Corp president Fumio Ohtsubo, the massive earthquake and tsunami that devastated north-east Japan in March remains an openARTHUR LEE - 1,602 words
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Article431 2011-08-13 8/9 THERE are business partners, and there are friends. To Singapore, Panasonic Corp president Fumio Ohtsubo is a friend. And he, in turn, is quick to emphasise that the feeling is mutual. The relationship is a long-standing one, spanning the president’s 40-year career at Panasonic. More significantly, Singapore431 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK Aug 8-12, 2011
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54 2011-08-13 10 FINANCE ministers and central bankers are frantically discussing strategies to counter a potential global market slide following Standard Poor’s downgrade of US Treasury securities. In the coming days, analysts expect price gyrations to continue in currency, equity and bond markets with stocks54 words
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67 2011-08-13 10 TRADES between the Philippines and Paraguay would usually have gone unnoticed in Singapore but a few weeks ago, Citigroup’s local unit found itself in the middle of one such deal, directing a letter of credit halfway across the world. Citi’s new67 words
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70 2011-08-13 10 FINANCIAL markets across Asia reacted violently on Monday to the loss of the United States’ triple-A credit rating, leaving policymakers scrambling to find ways to calm investors and to prevent another global financial crisis. Major stock indices swung wildly, slumping over 470 words
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62 2011-08-13 10 THE Republic’s economic growth could slow to 2.5 per cent this quarter and dampen the economy’s performance for the full year, leading indicators of the latest BT-UniSIM Business Climate Survey show. All indicators sales, orders and profit performance worsened in the second quarter62 words
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39 2011-08-13 10 AFTER what appeared to be a selling climax on Monday, some stock markets nervously recovered from their lows, hoping against hope that the US Federal Reserve Board would soothe panic-stricken investors.39 words
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66 2011-08-13 10 PRIME Minister David Cameron recalled Parliament and ordered thousands of extra police onto the streets after Britain’s worst rioting in decades left parts of London and other cities in flames. The Speaker has agreed to recall Parliament so lawmakers could debate their response66 words
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Article, Illustration29 2011-08-13 10 A property is on fire in Croydon as a wave of violence and looting raged across London and spread to three other cities on Tuesday APAP - 29 words
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67 2011-08-13 10 A MODEST pick-up in economic growth is now Singapore’s key scenario in the second half, with support from pharmaceuticals, financial services, tourism-linked sectors and firm growth in emerging Asia. But if a global downturn materialises, Singapore “could stall or even see a67 words
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57 2011-08-13 10 THE popularity of Singapore government bonds has surged in recent weeks as investors seek refuge in safe havens, while playing on the appreciating Singapore dollar. The signs? Bond yields have fallen to record lows almost across the board as bond prices57 words
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31 2011-08-13 10 INVESTORS should brace themselves for a bumpier ride in the near future as see-sawing Asian bourses become fixtures in a climate of unending macroeconomic uncertainty.31 words
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56 2011-08-13 10 A NUMBER of mortgage brokers have received word from two banks to stop offering home loans pegged to Swap Offer Rates, BT has learnt. Another bank, too, has introduced a new clause into offer letters setting a floor for the56 words
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67 2011-08-13 10 FOUR Singaporeans all with the surname Tan were given the green light on Thursday to contest the presidential election on Aug 27. They are former NTUC Income chief executive Tan Kin Lian, 63; former Ayer Rajah member of parliament Tan Cheng Bock,67 words
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Article82 2011-08-13 10 USDATA August 16 July housing starts July building permits July export/import prices July industrial production August 17 July PPI August 18 July CPI July existing home sales SINGAPORE DATA August 15 June retail sales and food beverage services indices August 17 July merchandise trade August82 words
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Page 10 Miscellaneous
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Miscellaneous331 2011-08-13 10 CRYPTIC CROSSWORD Across 1 Correspondence, result of an accident? (11) 9 Lost again maybe, and longing to get home (9) 10 He splits a couple of poles made of wood (5) 11 Clever people are quick on it (6) 12 Marriage or adoption (8) 13 Carry on with one’s CV,331 words
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Miscellaneous13 2011-08-13 10 SATURDAY with Ludwig ‘Now, my mom won’t expect me to become an Einstein.’13 words
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COMPANIES
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Article, Illustration709 2011-08-13 11 Conrad Tan - Results beat analysts’ estimates but lender warns of current market turmoil By Conrad Tan conradt@sph.com.sg Singapore UNITED Overseas Bank’s net profit rose 5.6 per cent to $636 million in the second quarter from a year earlier, beating analysts’ estimates. But it warnedFILE PHOTO - 709 words
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Article429 2011-08-13 11 Lynn Kan - Group warns of full-year loss unless adverse conditions improve By Lynn Kan lynnkan@sph.com.sg Singapore NEPTUNE Orient Lines (NOL), which had a first-quarter loss, sank further into the red in the second quarter. The container liner yesterday posted Q2 net losses of US$57 million, largely429 words
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301 2011-08-13 11 Angela Tan - By Angela Tan angelat@sph.com.sg Singapore HELPED by exceptional gains, Fraser and Neave (F&N) saw a 42.9 per cent rise in net profit to $186.7 million for the third quarter ended June 30. The earnings included exceptional gains of $42.7 million, against exceptional losses301 words
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Article, Illustration888 2011-08-13 12 Kalpana Rashiwala - Special interim dividend of 5 cents per share to be given to shareholders By Kalpana Rashiwala kalpana@sph.com.sg Singapore CITY Developments is rewarding shareholders with a 5-cent per share special interim dividend, after posting a 17 per cent year-on-year increase in Q2888 words
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376 2011-08-13 12 Nisha Ramchandani - The group declares an interim dividend of 2.7¢ per share By Nisha Ramchandani nishar@sph.com.sg Singapore COMFORTDELGRO Corporation posted a 3 per cent rise year on year in net profit to about $60 million for the second quarter ended June 30, while revenue376 words
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352 2011-08-13 12 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore WAREHOUSE provider Global Logistic Properties (GLP) recorded an 80.1 per cent drop in first-quarter net profit to US$97.3 million from a year ago when net profit was US$488 million, helped by a US$441.8 million fair value352 words
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Article, Illustration775 2011-08-13 13 Grace Leong - Strong growth in its non-gaming segment By Grace Leong gleong@sph.com.sg Singapore LOW win percentages in its VIP business segment dragged on the profitability of Genting Singapore in the second quarter, with recession fears keeping its short-term outlook cautious. Signalling that RWS has lost VIPAFP FILE PHOTO - 775 words
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372 2011-08-13 13 Mindy Tan - S’pore continues to lead revenue contribution By Mindy Tan tanmindy@sph.com.sg Singapore BREADTALK Group reported an 18.9 per cent increase in net profit to $2.8 million for the second quarter ended June 30, and a 29.5 per cent increase for H***** to $4 million.372 words
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732 2011-08-13 14 Felda Chay - Net profit rises to US$393m on higher crude palm oil prices, better output yields Reports by Felda Chay feldac@sph.com.sg Singapore PALM oil giant Wilmar International has emerged from four consecutive quarters of falling profits with a 14.1 per cent year-on-year732 words
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Business briefing
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56 2011-08-13 14 THE Straits Trading Group posted net profit of $49.3 million for Q2 2011, up sharply from $15.1 million a year ago. The strong results were mainly due to improved operating performance, higher tin prices and fair value gains in investment properties. Revenue was56 words
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71 2011-08-13 14 HIGH-END property developer SC Global Investments reported an 88 per cent surge in second quarter net profit to $46.29 million from $24.63 million a year ago. Revenue grew 13 per cent to $261.79 from $232.63 million. The higher revenue was due to71 words
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Article90 2011-08-13 14 METRO Holdings said its net profit for the first quarter ended June 30,2011, slid 56.31 per cent to $3.03 million from $6.93 million a year earlier. Revenue for the period grew 8.7 per cent to $42.60 million on higher turnover from its property and retail90 words
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68 2011-08-13 14 PETRA Foods saw its net profit for the second quarter of 2011 rise 54.3 per cent to US$14.81 million from a year ago. Sales was up 15.8 per cent at US$432.29 million. The better performance was due to the higher sales achieved by68 words
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Article45 2011-08-13 14 TAT Hong Holdings saw its net profit in its first quarter ended June 2011 fall 47 per cent to $5.47 million. Revenue rose 6 per cent to $5.47 million. It said gross profit margin for the quarter remained robust.45 words
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Article40 2011-08-13 14 ORCHARD Parade Holdings said that its net profit for the second quarter of 2011 rose 55.5 per cent from a year ago to $31.80 million. Sales was up 42.1 per cent at $70.61 million.40 words
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40 2011-08-13 14 SWIBER Holdings posted a 21.7 per fall in net profit attributable to shareholders to US$17.1 million for the first half of 2011. Revenue climbed 73.1 per cent to US$331.2 million over the same period.40 words
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47 2011-08-13 14 MIDAS Holdings reported a 15.3 per cent jump in its second quarter net profit to 63 million yuan (S$12 million). Revenue also climbed 33.9 per cent year on year to 313.9 million yuan for the quarter ending June 30.47 words
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396 2011-08-13 14 It sees festival demand supporting palm oil prices in Q3 HIGHER sales volumes and selling prices have helped palm plantation company Indofood Agri Resources to net a 31 per cent jump in second-quarter earnings from a year ago. Net profit396 words
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354 2011-08-13 15 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore PALM oil refiner Mewah International posted a 63.4 per cent year-on-year drop in net profit for its second quarter to US$6 million, as lower selling prices for its products pulled down operating margins. The drop comes even354 words
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385 2011-08-13 15 Nisha Ramchandani - The group warns of a challenging and potentially unprofitable Q3 By Nisha Ramchandani nishar@sph.com.sg Singapore BANYAN Tree Holdings posted a net loss of $7 million for the second quarter ended 30 June, narrowing from a loss of $8.86 million in the previous385 words
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Article490 2011-08-13 15 At a glance 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG UOB 1248.00 1302.00 -4.1 2860.00 2768.00 3.3 636.00 602.00 5.6 1437.00 1266.00490 words
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Page 13 Advertisements
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Advertisement110 2011-08-13 13 |!)'[@^^@~~!??]`>_`[-<^^:=+_{!. NOTICE The Board of Directors of BH Global Marine Ltd wishes to announce that Mr Jonathan Wong Teck Fatt NRIC SXXXX538C is no longer the Regional Marketing Manager of BH Global Marine Limited and Group of Subsidiaries with effect from 8/8/2011. His area of responsibility in Marketing and Business110 words
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FROM THE DESK OF
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Article, Illustration830 2011-08-13 16 Tim Moylan - Looking ahead, Singapore’s public sector will be Best-run, Responsive, Innovative, Transparent and Efficient from the desk of Tim Moylan President SAP South East Asia WE live in a time when people’s lifestyles and the way they do business are changing. People today work, seek services, transact, study,830 words
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SINGAPORE
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304 2011-08-13 17 Dickson Li - More than 40 organisations from private, public sectors lauded as employers of choice at Annual Singapore HR Awards By Dickson Li dicksonl@sph.com.sg SINGAPORE Press Holdings (SPH) bagged seven awards for excellence in human resource (HR) practices at the annual Singapore HR304 words
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320 2011-08-13 17 Joyce Hooi - Fully funded by sponsoring companies, the number has grown from just 3 in 2007 By Joyce Hooi joyceh@sph.com.sg THE maritime industry is making headway in getting fresh blood to take on the high seas, with a record number of MaritimeONE scholarships being320 words
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Briefing
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124 2011-08-13 17 THE Immigration Checkpoints Authority yesterday reminded Singaporean travellers to ensure that their passports have at least six months’ validity from the day they plan to leave Singapore. They encouraged travellers to apply early to avoid a last-minute rush during the school holidays. Singaporeans can124 words
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71 2011-08-13 17 RESEARCHERS from the Institute of Bioengineering and Nanotechnology have shown that human embryonic stem cells can be transformed into heart cells using a “decellularised” heart as a scaffold. This means that researchers are now a step closer to growing a new replacement heart from71 words
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350 2011-08-13 18 Dickson Li - Fund is to support efforts to ensure that there is enough rice to meet future demands of Singapore and the region By Dickson Li dicksonl@sph.com.sg THE Singapore National Research Foundation (NRF) is investing up to $10 million over five years350 words
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234 2011-08-13 18 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg DEMAND for cosmetic contact lenses is burgeoning in Singapore. According to market research company GfK Singapore, the local contact lens industry was valued at S$34.7 million in the first six months of the year. Of the 11 million pieces of234 words
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315 2011-08-13 18 Stephanie Riady - B y Stephanie Riady sriady@sph.com.sg WORKERS in the waste management industry are getting a leg up in the form of a Workforce Development Agency (WDA) $5 million training kitty earmarked to help them upgrade their skills. The Memorandum of Understanding outlining315 words
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Page 17 Advertisements
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Advertisement275 2011-08-13 17 HOW CAN YOU PREVENT SUDDEN DEATH? Sudden death is usually due to an underlying heart condition. High Risk Factors includes: n Diabetes, High Blood Pressure, High Cholesterol, Strong Family History or Smokers. Those who participate in vigorous physical exercise like marathons are also at increased risk if there is an275 words
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Page 18 Advertisements
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Advertisement48 2011-08-13 18 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! ResortsWorldSentosaishiringa Project Manager Siemenshaspositionsopenfor Senior Field Service Engineers VentureCorporationLimitedhas vacanciesin Research Development ChangiAirportGroupisrecruitinga SeniorManager,AirportOperations NationalUniversityHealthSystem islookingfor Nursing Professionals Check out many more positions available in the Careers in Engineering feature48 words
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Advertisement21 2011-08-13 18 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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WORLD
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425 2011-08-13 19 They are holding onto their positions in the belief that the sector is cheap and can ride out the current storm, say prime brokers Reuters London HEDGE funds are not behind recent falls in French bank stocks, say prime brokers, and haveReuters - 425 words
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Article, Illustration453 2011-08-13 19 latest us data| Reuters Washington US CONSUMER sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted their biggest gains in three months in July, reports yesterday showed. The Thomson Reuters/University of Michigan’sReuters; PHOTO: BLOOMBERG - 453 words
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405 2011-08-13 19 But market instability will not help its efforts to seek buyers for state-owned assets Bloomberg Reuters Lisbon PORTUGAL today received backing for the next tranche of its bailout funds from the European Union (EU) and International Monetary Fund, but what could beBloomberg; Reuters - 405 words
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558 2011-08-13 20 Above-forecast jump seen spurring central bank to keep hiking interest rates despite worries about global downturn Reuters New Delhi INDIA’s industrial output growth jumped in June above forecasts, indicating that the central bank will continue to raise interest ratesto battlestubbornly highinflation despite fearsReuters - 558 words
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Article, Illustration458 2011-08-13 20 Report says call back will affect a quarter of services on the new line AFP Shanghai A STATE-OWNED Chinese train manufacturer said yesterday that it is recalling 54 bullet trains being used on a new high-speed rail link between BeijingAFP; XINHUA - 458 words
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Article, Illustration614 2011-08-13 21 Stronger currency lets China import more from US, Europe Bloomberg Beijing THE yuan’s strongest gain in more than three years may herald a new stimulus for a flagging global recovery as Chinese importers get more firepower to buy up goods from slowing economies inBloomberg; BLOOMBERG - 614 words
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481 2011-08-13 21 Central bank says the move is pending the issue of new bank ownership rules Reuters Jakarta INDONESIA’s central bank said on Friday that foreign banks won’t be allowed to buy local lenders until it issues new bank regulations, in an environmentReuters - 481 words
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584 2011-08-13 22 Fervent fans of the precious metal and analysts predict that prices may go even higher amid financial woes Reuters London GOLD, and only gold, will be our salvation when the value of companies, banks, countries and even money itself melts away. Gold,Reuters - 584 words
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Article, Illustration510 2011-08-13 22 AP Washington THE financially strapped US Postal Service is considering cutting as many as 120,000 jobs. Facing a second year of losses totalling US$8 billion or more, the agency also wants to pull its workers out of the retirement and health benefits plansAP; AFP - 510 words
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Page 20 Advertisements
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Advertisement77 2011-08-13 20 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE INSURANCE FIRMS ARE ONTOYO I 9 A PEUGEOT 508 CITROEN VOLVO S60 1 t wo NEW BENTLEY CONl^^LGT EXTREME LUXUi DRIVES > VOLKSWAGEN JETTA > HYUNDAI ELANTRA> MASERATI GRANTURI5M0 MC STRADALE > PORSCHE CAYMAN R > AUDI Al I858HP > UPDATED LEXUS IS F >77 words
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Page 22 Advertisements
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Advertisement36 2011-08-13 22 paramore LIVE IN SINGAPORE 201 1 r 21 August 2011 at 8pm SINGAPORE INDOOR STADIUM EXCLUSIVE TICKETS 0N91.3FM TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS OFFICIAL RADIO STATION Midas Promotions |www. midaspromotions.com36 words
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SGX
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Article10169 2011-08-13 26 Transaction date: Aug 12 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 13.8 -1 5 13.8 13.8 13.5 15 7.8 4.4 2.9 66.1 11.5 4.5 A-Sonic 5.7 +0.1 1 5.710,169 words
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Article186 2011-08-13 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 0 0 0 0 12 3 0 Manufacturing 95 43 30 7 6 10 102 49 40 Commerce 33 21 12 6 6 2 39 27 14 Tpt/Stor/Comms 28 9 9186 words
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Article830 2011-08-13 26 For week beginning Aug 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) 800 Super Hldgs Ltd 11-Aug-11 Venstar Investments Buy 1000 na ***** 5.67 ***** 6.23 Sun East Grp830 words
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Article122 2011-08-13 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,050 44,050 146,173 146,173 Manufacturing 270,158 29,386 299,544 285,041 619 285,660 Commerce 148,649 15,189 163,838 207,504 1,363 208,868 Tpt/Stor/Comms 235,975 1,924 237,899 361,198 229 361,427 Finance 27,377 216 27,593 258,362 44 258,406 Construction 41,336 25,430122 words
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Article75 2011-08-13 27 Aug 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.58 2.60 WTI (Near Mth) 85.71 3.52 Dubai (1-Mth F) 101.72 0.53 Tapis blend 111.37 0.61 Minas 107.37 0.61 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.67 2.17 Jet Kerosene 122.30 2.20 US$/barrel Opec Oil Basket Price75 words
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Article118 2011-08-13 27 Aug 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.292 1.219 Can dollar 1.251 1.203 Euro 1.752 1.685 Sterling pound 2.003 1.926 NZ dollar 1.031 0.982 US dollar 1.229 1.182 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration92 2011-08-13 27 YTD change:-10.64% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,720.21 on Aug 11,2011 Source: Bloomberg YTD change:-14.83% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,868.10 on Aug 9,2011 Source: Bloomberg Bloomberg YTD change: -3.75% 52-week high: 12,876.00 on May 2, 2011 52-week low: 9,936.62 on AugSource: Bloomberg - 92 words
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Article, Illustration75 2011-08-13 27 As on 11 Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Oct-11 1797.3 1749.1 1754.6 1783 Silver Cash Sep-11 39.06 39.025 39.035 39.34 CURRENCY Euro-US Dollar Sep-11 1.4233 1.4233 1.423375 words
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Article66 2011-08-13 27 Aug 12 GOLD (US$/oz) Aug 12 Aug 11 Hong Kong 1762.*****2.50 Aug 11 Aug 10 London 1753.*****7.30 1755.*****8.30 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.36 46.96 Source: UOB PLATINUM Lon (US$/oz) Aug 11 Close Previous PM Fix 1781.*****4.00 AM Fix 1754.*****7.00 Source: Thomson Reuters PLATINUM NYMEX66 words
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Article79 2011-08-13 27 Aug 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 10.11.2011 0.13 1-Year BY*****X 02.05.2012 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.97 5-Year N*****0W 1.125 01.04.2016 102.89 103.05 103.05 10-Year NX*****X79 words
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Article154 2011-08-13 27 Aug 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2461 1.2471 1.0270 1.0275 Canadian dollar 1.2264 1.2273 1.0108 1.0112 Euro 1.7228 1.7236 1.4199 1.4201 NZ dollar 0.9962 0.9968 0.8211 0.8213 Sterling pound 1.9641 1.9651 1.6188 1.6191154 words
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Article82 2011-08-13 27 Aug 11 COCOA (£/tonne) Close Prev High/Low Sep 11 1834 1841 1844/1825 Dec 11 1847 unch 1854/1837 Mar 12 1868 1870 1875/1858 May 12 1881 unch 1886/1872 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2190 2133 2225/2137 Nov 11 2220 2159 2250/2163 Jan 12 2237 2178 2258/2180 Mar 1282 words
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Article65 2011-08-13 27 Aug 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3100 3100 3103 3100 341 2005 Sep 11 3084 3062 3088 3061 2696 ***** Oct 11 3020 3015 3025 2999 9934 ***** Nov 11 2996 298365 words
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Article93 2011-08-13 27 Aug 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 11 1333.*****0.*****0.*****2.25 Sep 11 1324.*****5.*****9.*****0.25 Nov 11 1331.*****1.*****5.*****5.25 Jan 12 1342.*****2.*****4.*****7.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Aug 11 54.03 53.03 54.03 53.42 Sep 11 54.10 53.13 54.87 53.03 Oct 11 54.27 53.31 55.0693 words
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374 2011-08-13 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 11 Index Change Change Change Change Change Change World Index Preliminary 788.5 2.2 -12.2 1.6 -14.7 2.1 -9.8 ‡EAFE Preliminary 668.1 1.8 -16.6 1.2 -16.3 1.7 -11.5 Europe Preliminary 962.9 3.3374 words
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Article71 2011-08-13 27 Aug 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2379.80 2363.50 3 months 2413.00 2396.00 Copper, Grade A (US$/tonne) Cash 8859.50 8573.00 3 months 8881.00 8595.00 Lead (US$/tonne) Cash 2383.75 2266.00 3 months 2385.00 2275.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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PERSPECTIVE
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Article, Illustration1412 2011-08-13 28 / 29 Leon Hadar - Policymaking in Washington has indeed become ‘less stable, less effective and less predictable’ given how the Tea Partiers are open to a US govt debt default Leon Hadar Washington correspondent btworld@sph.com.sg IMAGINE if Standard Poor’s had not issued a downgrade on US government debtREUTERS - 1,412 words
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Article, Illustration784 2011-08-13 28 / 29 Robert Cyran - By Robert Cyran REUTERS BREAKINGVIEWS A BATTLE royale has recalibrated the market for smartphone DNA. With Apple, Google and Microsoft duking it out for control of the mobile market, each needs or desires more and better patents for supremacy. Without them, their devices areREUTERS - 784 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1082 2011-08-13 30 / 31 Genevieve Cua - Strategists are not calling an outright buy, as there is widespread uncertainty over whether global growth will dip significantly. By Genevieve Cua By Genevieve Cua gen@sph.com.sg THE sell-downs of the last few days have brought markets to very attractive levels, say strategists, but few if anyREUTERS - 1,082 words
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BROKERS' TAKE
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266 2011-08-13 30 / 31 Buy Kim Eng Research Aug 12 Close: $1.12 YANGZIJIANG Shipbuilding (YZJ) posted a 20.4 per cent y-o-y increase in Q2 FY11 net earnings to 963.9 million yuan, broadly in line with its profit guidance. The rise, however, was boosted by forex gain and interest fees from held-to-maturity266 words
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Article183 2011-08-13 30 / 31 Buy DBS Group Research Aug 12 Close: $1.52 NOBLE reported 2Q11 earnings of US$139.8m (up 63 per centy-o-y, down 31percentq-o-q)–inline withexpectations on annualised basis. Q2 FY11 revenues rose 53 per cent y-o-y (down 2 per cent q-o-q), on the back of strong contributions from Agriculture and Energy183 words
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Article309 2011-08-13 30 / 31 Lynn Kan - Compiled by Lynn Kan Buy OCBC Investment Research Aug 12 Close: $0.64 GOLDEN Agri-Resources (GAR) put out another strong set of results, as Q2 FY11 revenue surged 120.4 per cent y-o-y (up 9.4 per cent q-o-q) to US$1,600.5 million, 10 per cent above our forecast. But gross margin309 words
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Article, Illustration1015 2011-08-13 32 Funds of hedge funds have adopted new strategies following the financial crisis and massive fraud in the industry NYT New York FUNDS of hedge funds are changing their ways. For decades, the money managers, which invest across a number of hedge funds, lured bigNYT; FILE PHOTO - 1,015 words
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Article, Illustration1678 2011-08-13 33 Teh Hooi Ling - show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent day. The writer is a CFA charterholder A FEW weeks back, I tried to introduce two of my friends for a potential collaboration. One of them is Tan Teng Boo, founder of independent fund managerREUTERS - 1,678 words
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WEALTH REAL ESTATE
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1148 2011-08-13 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 12 NON-LANDED Beacon Ht Apt 18/07/2011 999 667 558 836 Beacon Ht Apt 14/07/2011 999 667 7821,148 words
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Article, Illustration747 2011-08-13 35 Regulators said to have told banks to tighten lending to guard against bad loans possibility Bloomberg Beijing CHINESE regulators have told banks to tighten lending for real estate on concern that credit risks will increase as the impact of government curbs deepens in theBloomberg; REUTERS - 747 words
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289 2011-08-13 35 On average, prices are 7% higher than the peak back in 1997 Reuters Hong Kong HONG KONG’s property market is overheated and is at risk of heading into a correction, a government official said yesterday. “Although the property market hasReuters - 289 words
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Advertisement26 2011-08-13 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax26 words
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Advertisement54 2011-08-13 1 LivingTHEBUSINESSTIMESWEEKEND|AUGUST13-*****1BTTHE BUSINESS TIMES WEEKEND AUGUST 13-14 2011 COFFEE REVOLUTION Rise of the Third Wave SMITTEN COFFEE AND TEA BAR PHOTO: JOHN HENG STYLE Not a matter of price L5 GADGETS Keyboard maestro L14 TRAVEL On a natural high L10-11 BEAUTY Coiffure club L6-7 MOTORING Ghost EWB: Roomy ride L18 WATCHES54 words
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BT Living
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DINING
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Article, Illustration2482 2011-08-13 2/3 Geoffrey Eu - After kopitiams and international chains, speciality brews, or the Third Wave in the coffee movement, look set to continue.By Geoffrey continue.By Geoffrey Eu btnews@sph.com.sg SOMETHING special is brewing in the world of gourmet coffee, and although it may take a while longer before connoisseurs here sip from theSMITTEN PHOTOS: JOHN HENG; JEWEL COFFEE PHOTOS: YEN MENG JIIN; JIMMY MONKEY PHOTOS: DARREN SOH; SOHO COFFEE PHOTOS: YEN MENG JIIN - 2,482 words
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STYLE
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Article, Illustration1004 2011-08-13 5 Melissa Lwee-Ramsay - H&M’s growth strategy in recent years has involved expansion into Asia and a string of designer collaborations. By Melissa Lwee-Ramsay By Melissa Lwee-Ramsay mellwee@sph.com.sg Stockholm IN the basement of H M Hennes Mauritz AB’s (H&M) chic head office in the heart of Stockholm, there is1,004 words
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BEAUTY
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Article, Illustration1550 2011-08-13 6 / 7 Corinne Kerk - Foreign talent may be a hot-button issue these days but it is a boon when it comes to stylists who tend to women’s precious tresses, according to three of Singapore’s top hair salons. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg Salon B Nassim Road, #02-03 Z 6836-5855 SHE’SPHOTOS OF SALON B AND ALISON KERLIN: ARTHUR LEE - 1,550 words
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READERS' PROMOTION
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Article, Illustration1352 2011-08-13 8 / 9 Vanessa Chan - With Clarke Quay’s $15 Nett Set Lunch deals, you don’t have to wait till dusk to have a good time. Choose from over 15 outlets a plethora of flavours ranging from Mexican to Balinese to Moroccan. Indulge in three or four-course international set lunches and you’ll be looking1,352 words
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TRAVEL
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Article, Illustration1374 2011-08-13 10 / 11 Jaime Ee - Despite China’s frenetic pursuit of progress, a piece of paradise called Shangri-la can still be found high in the mountains of Yunnan province. By Jaime Ee province.By Jaime Ee jaime@sph.com.sg ‘WHEN I first came, this was not here,’ says Richard Neo, waving a hand dramatically across1,374 words
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Article, Illustration673 2011-08-13 12 Jaime Ee - Yunnan’s Lijiang trumpets its ethnic minority roots with all the theatrics of a big-budget historical drama. By Jaime Ee drama.By Jaime Ee jaime@sph.com.sg IF Shangri-la offers a contemplative tranquillity and a rare peek into exotic Tibetan culture, Lijiang and its surroundings must be its loudmouthed neighbour trumpeting its673 words
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WATCHES
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Article, Illustration201 2011-08-13 13 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg THIS automatic watch can go as deep as 3,000 metres, rare even for a timepiece built for divers. And to ensure it reaches that depth, its creator chronograph specialist Breitling has employed numerical simulations to forge a perfect geometry for the201 words
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Article, Illustration479 2011-08-13 13 Dylan Tan - Local watch lovers are in for a treat with exhibitions featuring exquisite and unique timepieces lined up in the coming months. By Dylan Tan dylantan@sph.com.sg A PREVIEW of 40 one-of-a-kind watches that will go under the hammer at the Only Watch Charity Auction 2011 in Monaco will479 words
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GADGETS
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Article, Illustration663 2011-08-13 14 Christopher Lim - Keyboardmaestro Fine-tuned computerkeyboards computerkeyboards flaunt a slew of features that are music to your ears: solar panels that do away with batteries and curved designs that help stave off repetitive strain injury. By Christopher Lim limchris@sph.com.sg Logitech Wireless Touch Keyboard K400, $59 Home Theatre PCs that hook up663 words
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HEALTH
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Article, Illustration950 2011-08-13 15 Bob Tedeschi - Apps dedicated to guided meditation and sleep enhancement exist on all major mobile platforms. By Bob Tedeschi NYT UNLESS you’re listening to Dark Side of the Moon on your smartphone, it’s hard to see them as devices for relaxation. More often, they’re for aggressive thumb-tapping, An-gry-BirdingNYT; REUTERS - 950 words
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SPORT
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Article, Illustration656 2011-08-13 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THE swashbuckling manner in which Manchester United overturned a two-goal half-time deficit to stun bitter rivals Manchester City 3-2 in last Sunday’s Community Shield match proved that they are still the team to beat.AFP - 656 words
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710 2011-08-13 16 colette wong - tee off with colette wong colette wong WHEN it comes to recent majors, some astonishing statistics stand out. For example: The last 12 majors have produced 12 different winners. And for nine of the last 10 champions, the major victory was the710 words
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GOLF
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Article, Illustration496 2011-08-13 17 He deems the new layout at Atlanta Athletic Club good a fair test for the pros, but not the hobbyists NYT AS A teenager, Phil Mickelson nurtured his golf game on the public Torrey Pines South course in San Diego, and he consideredNYT; REUTERS - 496 words
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Article, Illustration431 2011-08-13 17 NYT RYO Ishikawa made quite a splash on Thursday at the PGA Championship. In fact, he made a half-dozen of them. Ishikawa, a 19-year-old from Japan, took to the seemingly ubiquitous water at Atlanta Athletic Club like a duck and leftNYT; REUTERS - 431 words
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MOTORING
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Article, Illustration724 2011-08-13 18 Samuel Ee - The luxurious Ghost EWB or extended wheelbase is the newest addition to Rolls Royce. By Samuel Ee samuelee@sph.com.sg THE extra long rear coach door swings open and a fluffy lambswool footmat invites you to step effortlessly into one of two soft leather individual seats with an “occasional” third724 words
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Article, Illustration754 2011-08-13 19 Samuel Ee - A chartered accountant, Mr Fiorentinos, managing director of BMW Group Asia is hardly your stereotypical number cruncher. By Samuel driving style By Samuel Ee samuelee@sph.com.sg AS managing director of BMW Group Asia, Neil Fiorentinos has a chauffeur for his long wheelbase 7 Series limousine. But chances are, theARTHUR LEE - 754 words
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Article, Illustration686 2011-08-13 20 Samuel Ee - The Range Rover can traverse rough terrain while cosseting its occupants in a fine cabin. By Samuel Ee samuelee@sph.com.sg WHEN it comes to a luxury off-roader, there are literally only a couple of genuine contenders and one of them is the Range Rover. An upscale version of the686 words
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Advertisement934 2011-08-13 4 wine&dine with BTWeekend Chatterbox Mandarin Orchard Singapore, Level 5 333 Orchard Road Z6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a934 words
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Advertisement30 2011-08-13 6 / 7 MATS CLASSIFIED Get comfortable on a new sofa. To find out more, turn to CLASS 108 in CATS Classified in The Straits Times now. BUY IT• SELL IT• FIND IT30 words
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