The Business Times, 10 April 2004
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2004-04-10
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The Business Times
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Article, Illustration651 2004-04-10 1 From Shoeb Kagda in Jakarta - He is now seen as odds-on favourite to take the presidency From From Shoeb Kagda in Jakarta WITH counting of the 147 million ballots cast on April 5 proceeding at a snail's pace, Indonesia's leading politicians are not waiting for theREUTERS - 651 words
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593 2004-04-10 1 Chuang Peck Ming - The Fair Trading Act even covers gifts or prizes besides the usual goods and services By Chuang Peck Ming [SINGAPORE] Do you know that gifts or prizes you receive not just the goods and services you buy are covered under the Consumer593 words
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Article, Illustration543 2004-04-10 1 Andrea Tan - EXCLUSIVE 4 find new owners while another 3 are still looking By Andrea Tan [SINGAPORE] While budget airlines look set to take off, some budget hotels are going under. At least seven such hotels have failed to make it, with four having been543 words
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Page 1 Advertisements
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Advertisement40 2004-04-10 1 j ■ungpp-JV r m be the only responsibility of a company. You need to think —Former consumer advocate Stephen Loke g| 11 on how he hopes to change corporate IEVvT3I 1I \M 3 behaviour in Singapore Raffles Conversation, Pg 340 words
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Advertisement89 2004-04-10 1 iffMlfcV Kenny Yap aka fl The Fish. 1 I PAGE 4 i "if i >ir IM, I 111 P? K3 wr .ft ■ll W I HiUM lliM' ''111 jfTW Tfc .*<*(» Breguet. La passion laissa des traces. v/ Man's Classique wristwatch in 18-carat yellow gold. Self-winding movement. Retrograde f small89 words
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Advertisement11 2004-04-10 1 f^gN^ INVESTMENT SPH case study: Why capital structure matters. PAGE 711 words
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newsfront
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Article, Illustration1059 2004-04-10 2 donald urquhart - Saturday soapbox Having US Marines as an anti-piracy force may not be a bad idea since the littoral states seem hamstrung in dealing with the problem donald urquhart IT could be the next great Hollywood blockbuster. Imagine heavily armed, Oakley sunglass-clad marines speeding along the1,059 words
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Article, Illustration741 2004-04-10 2 Daniel Buenas - EXCLUSIVE Rising jobless rate, receding stigma seen as factors By Daniel Buenas [SINGAPORE] More Singaporeans are turning to pawnbrokers as a source of financing, with the amount of loans given out by pawnshops last year hitting an all-time high of almost $1.3 billion,Source: Ministry of Law - 741 words
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588 2004-04-10 2 Vince Chong, Amit Roy Choadhury - 400 visitors turn up; pick-up rate for prime project good, say sources By Vince Chong, Amit Roy Choadhury [SINGAPORE] The longawaited soft launch of MCL Land's MeraPrime condo project attracted 400 visitors yesterday. The company released 72 units on the first 12 floors for588 words
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Page 2 Advertisements
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Advertisement61 2004-04-10 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Simonne Toh T:+6s 6535 3382 F: +65 6535 3991 E: singapore@ocra.com.sg61 words
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the raffles conversation
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Article, Illustration2079 2004-04-10 3 WONG WEI KONG - A champion of consumer rights until his shock departure from Case, lawyer Stephen Loke has now turned his attention to promoting ethical business practices. He tells WONG WEI KONG what moves him to start his day at 4am WONG WEI KONG SO just who is Stephen Loke? ConsumerARTHUR LEE - 2,079 words
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Page 3 Advertisements
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Advertisement61 2004-04-10 3 Raffles INTERNATIONAL Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in61 words
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news companies
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Article, Illustration1308 2004-04-10 4 Taila Krishnakumar - Kenny Yap big fish in a growing pond By Taila Krishnakumar KENNY Yap is a big fish in a small pond that keeps getting bigger. He is the chief executive officer of Qian Hu Corporation Limited, a mainboard-listed breeder and exporter of ornamental fish, which has received numerous accolades forFILE PHOTO - 1,308 words
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Article, Illustration663 2004-04-10 4 SERENA NG - The business travellers' medical services group sees Asia as the fastest-growing part of its business in the near term. SERENA NG reports SERENA NG AN AMERICAN company that specialises in emergency evacuation and medical services for business travellers, airlines and multinational companies is working towards aARTHUR LEE - 663 words
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Article, Illustration735 2004-04-10 5 Taila Krishnakumar - Downgrading stock to 'sell', GK Goh says resignations heighten the company's risk profile departure of key staff may affect Citiraya's ability to secure new contracts By Taila Krishnakumar LESS than two years after its mainboard listing, electronics waste recycler Citiraya Industries hasFILE PHOTO - 735 words
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464 2004-04-10 5 Joyce Koh - Tech firm often gets mistaken for troubled electronics maker Startech By Joyce Koh THEIR names are similar but their fortunes are light years apart. One is a fading star on the local bourse, while the other is shining brightly after recently coming out of the464 words
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Page 4 Advertisements
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Advertisement30 2004-04-10 4 ft in eI™ 1 I H M m B Brokers' recommendations. Dividend lm:l)i si\i:ssTimi;s IUIH The pages aiso cover transactions by directors and substantial Shareholders. I W H I H.J30 words
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Advertisement6 2004-04-10 4 j Swiss Private Banking since 18416 words
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Page 5 Advertisements
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Advertisement264 2004-04-10 5 Build credibility with TrustSg ftUif I I Invest in building trust for your online business so that your customers will n confidently divulge credit card details, reveal personal information and recommend i A n in A II UOipPywyJ you to their friends. Apply to become a TrustSg accredited merchant now!264 words
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money personal finance
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Article524 2004-04-10 6 KENNETH LIM - It also recommends eight stocks as its top picks for the second quarter. KENNETH LIM reports KENNETH LIM SETTING a target of 1,990 for the Straits Times Index (STI) and sticking to its belief in "growth stocks in a low-interest environment", Phillip Securities Research has524 words
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482 2004-04-10 6 Taila Krishnakumar - By Taila Krishnakumar EQUITIES globally are likely to consolidate in the second quarter with few fresh themes for investors, but the outlook for the second half of the year remains bullish, said DBS Bank's Economic Market Research department. In its quarterly Asset Focus and482 words
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Article965 2004-04-10 6 for week beginning Apr 5 SafcfmtM lay Mo«f Mm SHAKN0UMN6 Shareholder s«fl Shares Per Mar* Altar !22 P«t> Director Cony HOB She S (HH C—I ?-Apr-04 Chan Nyuk Ijn Sell 5750 0.26 ***** 1131 9347 7.00 J™ 7-Apr-04 LveCheeFei *Buy 5750 0.26 1654 U1 7404 5.55965 words
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Article, Illustration929 2004-04-10 6 Siow Li Sen - No need to y say banks, as long as you can pay monthly instalments on time By Siow Li Sen [SINGAPORE] There's bad news and good news. So which do you want first? On Thursday last week, property owners sitting on negative equity were told theirFILE PHOTO - 929 words
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money personal investment
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Article, Illustration1268 2004-04-10 7 Teh hooi ling - show me the money Just by announcing its plans for a capital reduction, SPH has seen its share price rise $1.70 in two days Teh hooi ling The writer, a BT senior correspondent, is a CFA charter holder. Email: hooiling@sph.com.sg HAS the management ofFILE PHOTO; Compiled by BT - 1,268 words
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Article2248 2004-04-10 7 Transaction date: Apr 9 KUALA LUMPUR G f Corp .0.59 -001 171 Vol General Soil 1J26 unch 0 RM W- C000) Genting 17.50 unch 221 2 GeorgeKent .0.85 0.01 33 A&MRealty 1.73 0.02 17 fflobetronks Tech 7.50 unch 226 Abric .0.70 -0.02 36 GlomacBhd 3.18 -0.08 686 ACPlndurtriM 2.502,248 words
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Page 7 Advertisements
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Advertisement139 2004-04-10 7 village RETAIL LIFESTYLE OUTLETS FOR LEASE AT OUR MINIMALIST HIP HOTEL New landmark on the Eastern tip of Singapore, a 15-minute drive from Changi International Airport, Singapore Expo, Tampines p Loyang Business Parks yfl 380 guestrooms, 13 meeting rooms, rooftop pool and spa for corporate travellers, transit visitors, leisure travellers,139 words
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news at home
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Article, Illustration906 2004-04-10 8 Kenneth Lim - Do that well and keep things simple, advises Fred DeLuca, founder of global sandwich chain Subway By Kenneth Lim HOMEGROWN food brands like Bread Talk and Sakae Sushi have been turning to franchising to grab a bite of the overseas pie. But franchisingARTHUR LEE - 906 words
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603 2004-04-10 8 Taila Krishnakumar - Self worth has become net worth, says management guru By Taila Krishnakumar HAVE the attitudes of this generation of young Singaporeans changed? Echoing views voiced by Deputy Prime Minister Lee Hsien Loong this week, management guru Shiv Khera says today's generation has an603 words
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Article1521 2004-04-10 8 District 2 NON-LANDED Spottiswoode Park Rd Apt 12/03/0499 850 265 312 District 3 NON-LANDED CtlGreenCdo Apt 07/03/04 99 764 425 556 District 4 NON-LANDED Teresa Ville Apt 19/03/04 FH 3854 1170 _304 District 8 NON-LANDED Blue1,521 words
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news region
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inbrief
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99 2004-04-10 9 Bloomberg [JAKARTA] Garibaldi Venture Fund Ltd, a Singa-pore-based fund, will take over debts owed to PT Gajah Tunggal, allowing it to complete its purchase of the company, Indonesia's biggest tyremaker. Garibaldi agreed to take over the debts by PT Dipasena Citra Darmadja Group andBloomberg - 99 words
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Article, Illustration65 2004-04-10 9 Reuters [BEIJING] An animal activist wearing prison garb and a monkey mask crammed into a cage with a sign reading "Columbia University Tortures Animals" during a protest yesterday outside an alumni fundraising reception here. The activist, a member of People for the Ethical Treatment of Animals (Peta),Reuters - 65 words
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114 2004-04-10 9 Bloomberg [JAKARTA] Indonesia has closed two closely connected commercial lenders, Bank Dagang Bali and PT Bank Asiatic, costing the government as much as 2.39 trillion rupiah (***** million). "This involved affiliated companies which received loans from the banks using fictitious collateral," Anwar Nasution, senior deputyBloomberg - 114 words
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138 2004-04-10 9 Bloomberg [HONG KONG] Billionaire Li Ka-shing's Tom Group Ltd, a publishing and Internet company, said it applied to switch its listing in Hong Kong to the main board from the Growth Enterprise Market in a bid to attract more institutional investors and improveBloomberg - 138 words
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129 2004-04-10 9 AFP [NEW DELHI] India's Supreme Court ruled on Thursday that banks and financial institutions, burdened by a pile of loan defaults, should be allowed to sell the assets of companies who fail to pay back their loans. A three-judge bench quashed 40AFP - 129 words
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474 2004-04-10 9 Boardroom tussle could cause Temasek to look at other Malaysian banks to invest in, say analysts Reuters [KUALA LUMPUR] A fight to control the board of Malaysian Plantations Bhd (MPlant), parent of lender Alliance Bank, may force Singapore state investmentReuters - 474 words
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426 2004-04-10 9 Reuters had reported investment agency was behind a failed bid Bloomberg [KUALA LUMPUR] Khazanah Nasional Bhd, the biggest shareholder of Perusahaan Otomobil Nasional Bhd (Proton), denied a Reuters report it had tried to oust the Malaysian carmaker's chief executive Tengku Mahaleel Tengku AriffBloomberg - 426 words
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348 2004-04-10 9 AP [BEIJING] China has freed its national pension fund to invest abroad, bringing a massive new player into the world's financial markets in a move the government hopes will help to pay for retirement for its growing number of elderly people.AP - 348 words
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255 2004-04-10 9 Bloomberg [BANGKOK] Crown Property Bureau, which manages the assets of Thailand's King Bhumibol Adulyadej, expects to complete its planned purchase of a 13 per cent stake in Siam Commercial Bank pel soon, ending a three-year hold-up because it wants to pay forBloomberg - 255 words
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463 2004-04-10 10 Analysts say Beijing has to cool an overheating economy, where output had been accelerating since Sept Reuters [BEIJING] Chinese industrial output raced ahead in the year through March as factories racked up production of everything from steel plates to cell phones amid expectationsReuters - 463 words
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431 2004-04-10 10 NYT [HONG KONG] Inflationary pressures are rapidly increasing in China's fastgrowing economy, with new data from China's central bank showing that companies paid fast-rising prices in March to buy a wide range of commodities and industrial products. Inflation in China hasNYT - 431 words
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Article, Illustration687 2004-04-10 10 NYT [TAIPEI] The Pacific Ocean's "Ring of Fire" doesn't sound like the best place to put up a skyscraper, and certainly not the world's tallest. In addition to the earthquakes that give this zone its name, Taiwan is visited several times aNYT; HARYANI ISMAIL - 687 words
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389 2004-04-10 10 Asia now has a third share, against Europe's 19 per cent Reuters BANKS can now make more money in Asian equity capital markets than in Europe, but few bankers expect a big shift in focus from one continent toReuters - 389 words
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Page 9 Advertisements
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Advertisement16 2004-04-10 9 1 Llanhe Zaobao 9 Comfort Delgro I may I invest MI lin ml Xi'an|S I ill16 words
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Advertisement363 2004-04-10 9 HlVnpiH Call toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF INTERNATIONAL BEVERAGES CORPORATION PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the final meeting of member* and creditor* of the obovenamed company will be held at 20363 words
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Advertisement1101 2004-04-10 9 I Beauty China Holdings Limited I 111 (Incorporated in the Cayman Islands) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Beauty China Holding* Limited (the "Company") will be held at Orchard Hotel, Juniper Room, Level 2 Conference Centre, 442 Orchard Road, Singapore *****9 on Tuesday, 27 April 20041,101 words
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Page 10 Advertisements
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Advertisement2569 2004-04-10 10 Notices IN THE MATTER Of "NJ THE COMPANIES ACT (CHAPTER 50) C °S^aSS/ 0 AND ASSOCIATES PTE LTD IN THE MATTER OF (Provisionol liquidator Appointed) ORISIS INTERNATIONAL PTE LTD NOTICE OF APPOINTMENT OF (IN CREDITORS' VOLUNTARY provisional liquidator LIQUIDATION) NOTICE IS HEREBY GIVEN THAT Mr Ohio Chiew Extract of the2,569 words
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news world
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1059 2004-04-10 11 EXECUTIVE PAY Coupled with big long-term incentive plan payouts, however, CEOs are finding themselves even better off, a survey finds LAT-WP [NEW YORK] Despite rising shareholder outrage, executive pay continues to rise. But the content of chief executives' pay envelopesLAT-WP - 1,059 words
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Article, Illustration692 2004-04-10 11 Compensation for top executives has escalated sky-high in recent years LAT-WP [NEW YORK] In a world of increasingly generous rewards to corporate executives, jurors in the case of former Tyco executives L Dennis Kozlowski and Mark H Swartz, which endedLAT-WP; REUTERS - 692 words
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Article, Illustration486 2004-04-10 12 Neil Behrmann - letterfrontlondon Opponents want ministers to redraft impending legislation By Neil Behrmann THE average Briton loves a flutter, but critics of a new Gambling Bill don't want him to flyUK Government plans to relax gambling legislation dating back to the 1960s have runREUTERS - 486 words
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434 2004-04-10 12 It's trying to sell more of Van Kampen funds through financial advisers NYT [NEW YORK] Senior Morgan Stanley executives are reassessing the model for their fund business, according to bankers who have been party to the talks. The firm is looking to de-empha-sis the MorganNYT - 434 words
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Article, Illustration296 2004-04-10 12 Anthony Rowley - From Anthony Rowley in Tokyo JAPANESE Finance Minister Sadakazu Tanigaki yesterday reassured foreign exchange markets that the government will step in if the kidnapping of three Japanese hostages in Iraq creates turbulence for the yen. The unusual linkage underscored fears that political instability couldREUTERS - 296 words
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418 2004-04-10 12 Mr Bush's nominee for assistant commerce secretary for manufacturing and services is Albert A Frink Jr, co-founder of Fabrica International LAT-WP [CRAWFORD, Texas] US President George W Bush named a Southern California carpet company executive to serve as his manufacturing czar on Thursday,LAT-WP - 418 words
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438 2004-04-10 12 Digital technologies will lead to melding of media products Reuters [LOS ANGELES] In a few years' time, when you walk out of a movie, you might be able to buy the DVD right then and there. Forget the six-month wait.Reuters - 438 words
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472 2004-04-10 12 This explains why so few women ran companies: study LAT-WP [WASHINGTON] It's easy to find theories about why so few women run companies, harder to come up with data. A group of women academics decided in 1998 to try to fill that gapLAT-WP - 472 words
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Page 11 Advertisements
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Advertisement1310 2004-04-10 11 EL CORPORATION NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JEL Corporation (Holdings) Ltd. will be held at The Pines, Conference Room, 30 Stevens Road, Singapore (*****0) on 26 April 2004 at 3.00 p.m. for the following purposes:As Ordinary Business 1. To receive1,310 words
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style motoring
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Article, Illustration669 2004-04-10 13 SAMUEL EE - Unlike its predecessors, the Volvo S40 T5 appears boxy and confident, with improved cabin architecture and crashworthiness of the larger S80, says SAMUEL EE SAMUEL EE COMPETENT but not charismatic. That's what the souped-up versions of Volvo sedans and estates seemed to be. Until the S4O T5,669 words
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358 2004-04-10 13 Samuel Ee - By Samuel Ee THE Toyotk Corolla Altis was SingujßJN's most popular car in the flfst quarter of this year, with 2,910 units sold. With its smaller Vios stablemate, the two models from Thailand made up 50 per cent of the358 words
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Article, Illustration126 2004-04-10 13 SAMUEL EE - By SAMUEL EE SWEDISH carmaker Saab finally unveiled its long-awaited 9-7 sport-utility vehicle at this week's New York Auto Show. The midsize SUV is based on a Chevrolet platform. Both companies are owned by General Motors, the world's biggest auto maker. General MotorsREUTERS - 126 words
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Article4590 2004-04-10 13 Transaction date: Apr 9 HONG KONG Vol HK Exchanges Clearing 17.10 -0.10 1964 Apr 8 HK$ '000 HKRInfl 2 88 -0.03 1376 HK and China Gas 13.35 -0.05 5723 Aeon Credit 5.65 unch 270 Hong Kong Electric 34.40 0.30 2121 Aeon Stores .6.20 0.05 2 Hongkong Chinese 1.134,590 words
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style sports
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Article, Illustration1021 2004-04-10 14 CLIFTON BROWN - It's still early days but young Justin Rose seems to be doing everything right, reports CLIFTON BROWN CLIFTON BROWN NYT [AUGUSTA, Georgia] Justin Rose was unflappable. The weather was unpredictable. And a struggling Tiger Woods was in trouble after completing only 14 holes beforeNYT; AP - 1,021 words
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765 2004-04-10 14 Dave Anderson - frankly speaking By Dave Anderson NYT [AUGUSTA, Georgia] Now that Jay Haas is 50, he finds an AARP application in his mailbox every so often. But he hasn't joined. "They just go right into the circulars file," he said with a smile.NYT - 765 words
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Article, Illustration810 2004-04-10 14 They hope to win fame and fortune as heavy-weight champions in America AP [LAS VEGAS] Wladimir and Vitali Klitschko are heavyweight contenders straight out of a Hollywood script, though their story probably wouldn't fly on the big screen because even Hollywood would find itAP; REUTERS - 810 words
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style health
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Article, Illustration1672 2004-04-10 15 CHEAH UI-HOON - Stressed out and in need of a good rubdown? CHEAH UI-HOON slides into some top-tier massage chairs to find out if any can bring bliss CHEAH UI-HOON SOME Cs in the Singaporean dream of the five Cs cash, credit card, car, condo, and country club membership may1,672 words
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Page 15 Advertisements
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Advertisement727 2004-04-10 15 SINGAPORE LTD ROTOL SINGAPORE LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2004 Annual General Meeting of the shareholders of the Company will be held on Monday, 26 April 2004 at No. 17 Tuas Avenue 9 Singapore *****7 at 10.00 a.m. to transact the following businesses:727 words
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Page 15 Miscellaneous
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Miscellaneous198 2004-04-10 15 CRYPTIC CROSSWORD 1 include one exchange rate 19 Shorten a nasal bone (7) 14 Little arch over the line in bridge, perhaps? (2,1,4) 15 Truce possible if a fighting La LaJ Laa 21 Soldier getting new spirit force is on the ball (9) 27 Pauline perhaps relating to 18 Not198 words
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style shopping
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Article, Illustration741 2004-04-10 16 CORINNE KERK - The newly-opened Homespun is no ordinary handicraft shop, as CORINNE KERK finds out CORINNE KERK COTTAGE industries and handcrafted objects. Do these words bring to mind poor-ly-made items which people buy out of sympathy for their creators? Not at all. And Homespun, an eclectic little shopCHRIS LOH - 741 words
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Article, Illustration1037 2004-04-10 16 CAT ONG goes behind the catwalk for a chat with some key personalities at this year's Singapore Fashion Festival Sven scores WHILE others rely on their sixth sense, for Sven Tan it was sixth time lucky when he snagged the first Merce-des-Benz Asia Fashion Award (MBAFA) last Tuesday.1,037 words
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Page 16 Advertisements
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Advertisement148 2004-04-10 16 cuttappeal Star-studded affairs /A DESIGNER handbags and shoes featuring V JBpT stars, charms and lots of piercing seem espe- cialiy well-timed in the wake of Nipplegate I 1 the "wardrobe malfunction" during Janet •^^Sr Jackson's Super Bowl performance which saw her lose her bra to reveal a pierced nipple. While148 words
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Advertisement178 2004-04-10 16 instore on the shelves at the malls HERE'S one for the bargain-hunter: a '.Jgap' well-cut, medium-heel sandal with pretty embellishments that you'd think costs more than its $33 price tag. Available in black, beige and white at Charles Keith, including Junction 8, City Link Mall, Compass Point and Tampines Mall.178 words
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style pursuits/wine&dine
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Article, Illustration1381 2004-04-10 17 Going out or staying in this weekend? We round up reviews and recommendations performances Master of the mandolin was the to rethe Padmashri from the Government In- Hr dia, for his skills in Bf playing Indian classical music on the mandolin, a Spanish guitar. Shrinivas has played with McLaughlin,1,381 words
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Page 17 Advertisements
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Advertisement959 2004-04-10 17 Win6&dine witfaweekendßT w> i| Asian Wok Fl>rtmnw'» Italian KHchin Experience the authentic taste of Japanese food In a RalllilMartM 45 Boat Quay. Tel: 6532 9006 #02-02/05 United Square. Tel: 6356 5285 casual yet inviting ambience. 10 Tuas West Drive. Tel: *****288 Savour a sumptuous spread of Asian dishes In a959 words
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style food/travel
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Article, Illustration2012 2004-04-10 18 JAIME EE - JAIME EE heads to the Melbourne Food Wine Festival and lakes the opportunity to sample the culinary delights of the city JAIME EE IF you've never been, the justended Melbourne Food Wine Festival could prove to be an eye-opener to those who havePHOTOS BY KATHRYN OGILVIE; LYNTON CRADD PHOTOGRAPHY - 2,012 words
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Article297 2004-04-10 18 JAIME EE - By JAIME EE QANTAS has upgraded its business class, and its new spruce-up is quite a makeover from its previous functional and uninspired incarnation. Besides getting a fancy amenities kit that features products from L'Occitaine the upmarket French brand including moisturiser and leg massage cieaui, ihti lu&hUglu297 words
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Article, Illustration866 2004-04-10 18 GEOFFREY EU finds out more about the wineries participating in the upcoming World Gourmet Summit BEFORE Dave Powell started making cult wines in South Australia and getting invited to swanky international food events like the World Gourmet Summit, he tried working in a variety of866 words
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