The Business Times, 7 June 2005
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2005-06-07
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The Business Times
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Title Section20 2005-06-07 1 THE BUSINESS TIMES MICA(P) 089/03/2005 Tuesday, June 7,2005 —wm iw m cm SINGAPORE 85 cents online at http://business-tigies.asia 1 .com.sg20 words
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776 2005-06-07 1 KALPANA RASHIWALA - Property consultants cite absence of across-the-board recovery for property market By KALPANA RASHIWALA [SINGAPORE] The government will probably continue to offer land for private development exclusively through its reserve list in the second half of this year, in keeping with a demanddriven approach. Property776 words
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Article, Illustration791 2005-06-07 1 GEORGE JOSEPH - Skytrax survey puts Asian carriers in 8 out of top 10 spots By GEORGE JOSEPH [SINGAPORE] In a resounding vote of confidence in Asian airlines, Hong Kong's Cathay Pacific has grabbed the 2005 Airline of the Year award in a worldwide survey791 words
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Page 1 Advertisements
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Advertisement47 2005-06-07 1 LONGEIfIH SHINING HOT TRAVEL DEALS Starting today, a new weekly information service on great value flights and hotel deals pgis ■k V i s SPOTLIGHT Still difficult to get financing? v.: Why?PG9 Pere Ocean: with healthier water pg 10 •> ;1 Vf' Nippecraft still going strong pg 1147 words
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Advertisement14 2005-06-07 1 •PROPERTY Ex-Traffic Mice HQ to become design centre PG2B Markets Dlgtft on Pg 314 words
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Advertisement23 2005-06-07 1 CURRENCY 7»}<BWOES :mBL pressure pg 13 CORPORATE MOVES Rival bid emerging for V&ntage Corp pg4 Is:# ;rV»f CHRONO A HOMHAGEIA W W Jr23 words
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TOP STORIES
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Article, Illustration521 2005-06-07 2 Disneyland across the Causeway will benefit Singapore's IRs, say observers [JOHOR] It may sound like a fairy story, but there are rumours that the "world's most famous mouse" could squeak across the Causeway. There is talk that the Johor state government isBRYAN VAN DER BEEK/ST - 521 words
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Article648 2005-06-07 2 Bursa mulls separate rules for big and small companies THE chief of the Malaysian stock exchange is mulling over ways to help prevent recurrence of the recent fiasco involving second-board counters, and one of these includes introducing separate regulations for blue-chip and small-cap companies listed on Bursa Malaysia.648 words
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814 2005-06-07 2 MICHELLE QUAH - PwC report on CAO Shareholders, directors need to be more proactive By MICHELLE QUAH [SINGAPORE] The PricewaterhouseCoopers (PwC) report on what went wrong at China Aviation Oil imparts lessons not only to the troubled Chinese jet-fuel company, but also to others814 words
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Article, Illustration629 2005-06-07 3 LIZA LIN - CEO says this may prevent repeat of recent fiasco involving 2nd board counters Reports by LIZA LIN [SINGAPORE] The chief of the Malaysian stock exchange is mulling over ways to help prevent recurrence of the recent fiasco involving second-board counters, and629 words
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280 2005-06-07 3 It will add to cross-border investor education, says Yusli Mohamed [SINGAPORE] Removing the long-standing ban on the sale of national newspapers between Malaysia and Singapore could help facilitate cross-trading between the two countries' stock exchanges, Bursa Malaysia chief Yusli Mohamed Yusoff said280 words
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Article138 2005-06-07 3 STI 2,***** (+8.71) ST INDEX FUTURES 2,180.00 (+2.00) SIMSCI 260.02 (+1.02) SIMSCI FUTURES 259.60 (+1.00) MARKETS Monday Change KLSECOMP 871.97 +6.09 NIKKEI 225 11,270.62 -29.43 HANG SENG 13.860.55 +42.10 SET INDEX 682.30 +5.60 JAKARTA COMP 1.096.83 +4.33 MANILA COMP 2,051.04 +28.55 SEOUL COMP closed SHENZHEN B 220.72 +9.10138 words
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Advertisement371 2005-06-07 2 j Equity Derivatives Equity Investments beyond the Share Certificate i Dates Equity investments today constitute more than a mere purchase and sale of a 13-14 July 2005 s^n S^ e stock or share. With globalisation and demutualisation, the doors are 9 00am to 5 00pm now °P en f° r371 words
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Advertisement30 2005-06-07 3 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.30 words
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Advertisement462 2005-06-07 3 Main Distributors: ODBS ♦POSB 'Bid to Bid, SGD, Net Income Reinvested basis, Annualised Growth Rate. On an offer to bid basis, the returns for Shenton Income Fund since inception is 5.35%. Source: S&P Micropal as at end April 2005 'Shenton Income Fund only suffered one negative year (-1.5%), and underperformed462 words
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COMPANY NEWS
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Article, Illustration599 2005-06-07 4 MICHELLE QUAH - Bid for 50.1 stake at 25 cents a share comes after recent surprise offer by SC Global By MICHELLE QUAH A COMPETING bid has emerged for Vantage Corp the subject of a takeover offer by Simon Cheong's SC Global Developments. Making a partial599 words
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636 2005-06-07 4 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN AS CRAZY Horse Paris looks set to gallop into Singapore by year-end, all the hype and hoopla thus far has been focused on how this French cabaret show will be received in the sanitised Republic. For636 words
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Article34 2005-06-07 4 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day34 words
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Article, Illustration483 2005-06-07 5 RONNIE LIM - Local company completes new look for 28 BP stations it bought in Nov 2004 for US$70 million By RONNIE LIM THE lion of home-grown Singapore Petroleum Company (SPC) has eclipsed the rays of Greek sun god Helios, the green-and-yellow BP logo here.483 words
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589 2005-06-07 5 SINGAPORE digital audio player maker Creative Technology could be hit by flagging consumer demand if an Internet report of rival Apple Computer being overstocked on its iPod players proves true, analysts said. Appleinsider.com. a popular website that discusses issues related to the company's589 words
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219 2005-06-07 5 JOSEPHINE TAY - By JOSEPHINE TAY SESDAQ-LISTED Pan Asian Water Solutions (PA Water) said it has set up a fourth office in Asia to tap the buoyant water industry in the region. The latest move by the integrated water piping systems solutions provider involves the formation219 words
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Article, Illustration412 2005-06-07 5 S'pore telco was shortlisted to bid for Pakistan firm Bloomberg [DHAKA] Shares Jbf Singapore Telecommunications, South-east Asia's largest phone company, fell after the Pakistan government postponed bidding for a 26 per cent controlling stake in Pakistan Telecommunication Co. v Sing TelBloomberg; AFP - 412 words
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Article, Illustration636 2005-06-07 7 Move could help boost liquidity after CAO debacle dried up trade Bloomberg SINGAPORE Exchange Ltd (SGX) may offer clearing services that reduce the risk of default in the country's unregulated US$lOO billion-a-year market for oil and freight derivatives, known as swaps. "We areBloomberg; BLOOMBERG - 636 words
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176 2005-06-07 7 Bloomberg THE Government of Singapore Investment Corp, which manages US$lOO billion of the city-state's reserves, has trimmed its stake in Hong Kong-listed Angang New Steel Co to 5.8 per cent from 6.2 per cent. GIC, as the Singapore company* is known, sold 3.76 millionBloomberg - 176 words
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COMPANY BRIEFS
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112 2005-06-07 7 SINGAPORE Press Holdings' wholly-owned subsidiary. Times Properties, has entered into an agreement with DBS Bank and a syndicate of banks and financial institutions for a term loan facility of $650 million for a tenure of one year. The funds will be used to. refinance the112 words
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141 2005-06-07 7 LONGCHEER Holdings has issued 11.6 million placement shares to DBS Bank. The shares are expected to be listed today. DBS Bank, which was Longcheer's IPO manager, agreed on May 24 to buy all the 11.6 million placement shares that Longcheer had been required by141 words
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103 2005-06-07 7 UNITED Overseas Bank (UOB) is holding an extraordinary general meeting on June 24 to vote on its proposed distribution of 100 United Overseas Land (UOL) shares for every 1,000 UOB shares held. The distribution involving about 154 million shares or 19.4 per cent of103 words
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39 2005-06-07 7 NIGEL Keng Ban Wan has resigned from SHC Capital as its executive vice-president of marketing with immediate effect. The colour separation and printing services company said Mr Keng left to "pursue his own interest".39 words
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35 2005-06-07 7 CHINA Entertainment Sports has signed a memorandum of understanding (MOU) with Singapore Agro Agricultural Pte Ltd with regards to their proposed joint operation of a racing circuit at Velocity.35 words
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Page 5 Advertisements
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Advertisement12 2005-06-07 5 Jknever actually own A Patek Philippe. ■Hffli after it for next generation.12 words
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SINGAPORE MARKETS
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Article, Illustration545 2005-06-07 6 R SIVANITHY - STOCKS Focus remains narrow on a few large caps and speculative penny stocks R SIVANITHY Senior Correspondent IN France and in some parts of Canada they say of life "plus a change, plus c'est la meme chose" which means "the more thingsSource: Bloomberg - 545 words
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114 2005-06-07 6 ONG Ah Heng, a director of ComfortDelGro, sold 0ff200,000 of his shares in the transport group for $348,000 —or $1.74 a share —on the open market last Friday. The sales more than halved his stake from 0.0167 per cent to 0.0070 per cent. Mr Ong114 words
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Article90 2005-06-07 6 NANDE KHIN - Compiled by NANDE KHIN LEONG Hin's independent director Tan Kok Hiang bought 100,000 shares of the company on the open market on Friday for $31,250. The purchase at 31.25 cents per share nudged up Mr Tan's stake from 0.54 per cent to 0.60 per cent.90 words
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Article, Illustration745 2005-06-07 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jun 2 and earlier) Subuntial NO of Mco SHAREHOLDING Shareholder Buy/ Shore* Po* Before After Stodl Tram Date Director Sell '000 Shr ('OOP) <000) MultiChem 6-Jun-05 FooSuanSai Buy 3 0.20 *****2 38.75 *****5 38.75 MultiChem 6-Jun-05 Han Juat Hoon "Buy 3745 words
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Article, Illustration896 2005-06-07 6 R SIVANITHY - Compiled by R SIVANITHY SIA Engineering Company June 6 dose: $249 OCBC INVESTMENT RESEARCH, June 3 SIA Engineering (SIAEC) has progressively been a beneficiary of the recoveiy in in the Asia Pacific, driven by higher flight frequencies, the launch of new destinations, and the entrance of more carriers utilisingSource: Bloomberg - 896 words
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Article, Illustration356 2005-06-07 6 CURRENCIES AFP [TOKYO] The US dollar eased against the yen in Asian trade yesterday after slumping last week on weaker-than-expected May US jobs data while the euro steadied after recent weakness following the French and Dutch rejections of the EU constitutional treaty, dealers said.AFP; AFP FILEPHOTO - 356 words
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Advertisement479 2005-06-07 7 H own a piece of T^ara-cli/Se Marriott's Beach Club Vacation Villas from $8,999. tat < '""fssyflr I HHHHHHHHm At Marriott Vacation Club invite you to be our guest for a 90-minute personal preview of Vacation Ownership, Marriott In exchange for your time, we'll remember: l»— iii^—■» Enjoy "Holi-daij Garden Airport479 words
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Advertisement23 2005-06-07 7 I Booster Capital Guaranteed Fund I SGD RID 19/05/05 9.62 SGD I Double Joy Capital Guaranteed Fund I USD RID 23/05/05 10,00 USD23 words
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SINGAPORE NEWS
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Article, Illustration569 2005-06-07 8 SIOW LI SEN - It aims to expand its eight branches to tap into the huge consumer market By SIOW LI SEN LIFE in Singapore does not quite prepare you for China, said Lee Ah Boon yesterday, Citibank's consumer business manager for China operations. "This is aFILE PHOTO - 569 words
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320 2005-06-07 8 SAMUEL EE - It seeks to build a sustainable land transport system that meets present needs By SAMUEL EE THE Land Transport Authority (LTA) will sign the International Association of Public Transport (UITP) Full Charter on Sustainable Development today at the UITP's 56th World Congress in320 words
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Article, Illustration271 2005-06-07 8 NANDE KHIN - He guided judiciary through big changes in Singapore By NANDE KHIN SINGAPOREANS will "remember and honour" former chief justice Wee Chong Jin for his contributions to the country, said Prime Minister Lee Hsien Loong yesterday. In his condolence letter to Mr Wee's wife271 words
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211 2005-06-07 8 LISA TAN - By LISA TAN WHILE the number of establishments providing education services in Singapore climbed 16.1 per cent with 2,808 start-ups in 2003, these businesses were less profitable to run than in 2002, a study has shown. The study part of the Department of211 words
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IN BRIEF
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130 2005-06-07 8 THE Citibank-YMCA Youth for Causes programme, an event of President's Challenge 2005, attracted 259 community proposals this year, or a nearly nine-fold increase in the number of submissions for the programme since its pilot run in 2003. More than 1,000 youths, aged 15 to130 words
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Article97 2005-06-07 8 SHAANXI Provincial Tourism Administration (SPTA) will sign a Memorandum of Understanding (MOU) with Temasek Polytechnic today for SPTA's senior management executives to receive training in Singapore on tourism and hospitality management Xian city tourism officials will attend training in areas relating to integrated resort97 words
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Page 8 Advertisements
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Advertisement141 2005-06-07 8 Euro-Asian Buffet Lunch Dinner Indulge In the best of two culinary worlds as we bring you the best of International cuisine. Highlights include Roti Prata from Singapore. Sashimi and Caiiibrnlan Hand Rolls from Japan, Fresh Oysters. Soft-shelled Crabs, Braised Oxtail from Europe and lots more. Monday to Sindiy (txeept Saturday)141 words
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Advertisement67 2005-06-07 8 King Prawn Fever You won't be able to resist our offerings over the next two months especially if you are a fan of King Prawns. Sink your teeth into Crispy Butter King Prawns, King Prawns Szechuan Style or Wok-Baked King Prawns with Black Pepper. Each bite will be better than67 words
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Advertisement96 2005-06-07 8 Introducing Majella The Musician "Manila is undoubtedly the finest wine In the Coonawarra."- Robert Parker Jnr "Majella...Absolute blue chip In the making." Langton's Australian Fine Wine Guide "Majella Is one of Coonswarra's best wines" James Halllday ICI v "Majella...Their wines simply reflect soms great fruit." Jsremy Oliver "Does K live96 words
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Advertisement108 2005-06-07 8 MERITUS MANDARIN SINGAPORE COf%Mj§ J2iJD£2iJAjM/ Semi-Buffet Rhapsody: rMSfVf &Ifr\%9%rnf IST (Mondays to Fridays) A REPERTOIRE Of 12.00 noon to 2.30pm (last order) MSTKOt/OMK PASS/OA/ «t-p., person M-tg Jum ZOOS Dinner. offlfe 6.30pm to 10.30pm (last order) CM* Come, discover the gastronomic passion dinner menus tcvolvln( of fine Burgundy cuisine and108 words
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SME spotlight
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Article, Illustration1230 2005-06-07 9 KOH HAN NEE - Though SME financing is an increasingly attractive market to local and foreign banks alike, many small and medium-sized enterprises still find it difficult to obtain loans. KOH HAN NEE examines the issue KOH HAN NEE SMALL and medium-sized enterprises (SMEs) are typically privately run family businesses1,230 words
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Article, Illustration1104 2005-06-07 10 LISA TAN - Wanin's winning formula has propelled it to capture 35% of the fiercely competitive bottled water market in Singapore, says LISA TAN LISA TAN HAVE you ever tasted bottled water that tastes "too mineral", with a hint of bitterness to put you off the brandARTHUR LEE - 1,104 words
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Article, Illustration1220 2005-06-07 11 NANDE KHIN - CONNECTING BUSINESS WITH HSBC Liquidity and risk are among factors a company should consider before proceeding with such an investment. NANDE KHIN gathers some views NANDE KHIN Q: Why should a company invest its surplus cash? Janet: For companies which are in the growth stage and are1,220 words
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Article, Illustration691 2005-06-07 11 CAROLYN QUEK - SMALL CAPS By CAROLYN QUEK IT may be a high-tech age we are living in right now, but old-fashioned diaries and calendars are still the way to go, for Nippecraft at least. In fact, the paper diaries and organisers maker has managedFILE PHOTO - 691 words
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Advertisement6 2005-06-07 9 PHOENIX 1516.J Make an affordable 16 words
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Page 10 Advertisements
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Advertisement154 2005-06-07 10 u Company Formation Foreign Direct Investment Virtual Offices Since 1975 OCRA Worldwide has been providing offshore incorporation and administration solutions for Asian and International businesses. We have been at the forefront of corporate and financial trends in China and lead the field in foreign drect inveslmenL Our pioneering spirit, professionalism154 words
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Advertisement202 2005-06-07 10 Where The Business of Where The Business Of Technology Comes To Life OmHuiMseaßßS 14-17 June 2005 Singapore Expo v Cx t. V..'- ,J > Technology Comas To life Visit Asia's most established and comprehensive info-comms event, and check out the latest in: WirafcttTadroiogy-Wltax Ofl Next Generation Networks Mobfle Communications y?'202 words
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Advertisement138 2005-06-07 10 IBIB 7sAVEIAX/ Our qualified professionals A J can assist you with offshoto structures, shelf companies jurisdictions including 0> British Virgin Islands dayman Islands Bahamas Mauritius Hongkong > Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning.138 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration590 2005-06-07 12 APARNA RODDAM - Is fashion art? The Arts Festival's Akira Isogawa showcase suggests it is, reports APARNA RODDAM APARNA RODDAM DEFYING convention is perhaps the most relevant theme in the Singapore Arts Festival's presentations this year, with the introduction of unexplored arenas such as fashion-as-art. The upcoming Akira Isogawa:AFP - 590 words
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451 2005-06-07 12 FRANK DeMEGLIO - By FRANK DeMEGLIO PRE-FESTIVAL hype suggested it would be a standout performance of this year's Art Festival, and reality, for once justified the hype. The performance in question was the much-an-ticipated State Choir Latvija, who delivered the sort of performance that451 words
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Advertisement80 2005-06-07 12 7! JRfc,. f' -%SK .j^'•' J Kiy HgL U m r\/4c i rii ShL j E: Jnf 1 rOVVcTTUI DrQnQSstay ahead ofthe gomffßy responding PHfc*'' a r V Promising Brand Award (SPBA| have beep o e y p f& 4W- onrikU «ie f/\ rvirkmnrl «/i aAna A. At ti»s;' inax80 words
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ECONOMY WATCH
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Article, Illustration1048 2005-06-07 13 Pressure mounts on European Central Bank to cut interest rates and boost economic growth Bloomberg [LONDON] The euro this year is off to its worst start against the dollar since 2001 and may extend that decline as pressure mounts on the European CentralBloomberg; AFP; Source: Bloomberg - 1,048 words
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227 2005-06-07 13 AP [SHANGHAI] China and the US must resolve their dispute over textile trade if they are to keep relations on track, a top Chinese official said yesterday. "The textile products issue is a very serious problem for trade and economic relations betweenAP - 227 words
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Article, Illustration317 2005-06-07 13 AP. NYT [LONDON] Britain yesterday put on ice its plans for a referendum on the European Union constitution, following the French and Dutch rejection of the tyForeign Secretary Jack Straw said Britain still viewed the 465-article treaty as a "sensible new setAP.; NYT; AFP - 317 words
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475 2005-06-07 13 US demands immediate action, leading to 'timely' flotation Reuters [BEIJING] China's slowing import growth is generating trade friction and putting upward pressure on the yuan, an economist from the Cabinet's think tank said in remarks published yesterday. But even as UnitedReuters - 475 words
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419 2005-06-07 13 Q1 growth hit by drought higher fuel costs Bloomberg [BANGKOK] Thailand's economy shrank for the first time in four years in the last quarter as drought parched rice and sugar crops and higher fuel costs curbed consumer spending. Gross domesticBloomberg - 419 words
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MALAYSIA/INDONESIA
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Article, Illustration551 2005-06-07 14 PAULINE NG - Commercial banking unit to come under enlarged group By PAULINE NG in Kuala Lumpur INVESTMENT bank CIMB yesterday said it was combining its strengths with that of its commercial banking unit, BumiputraCommerce Bank (BCB), to give the enlarged group the firepower needed to become551 words
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Article, Illustration808 2005-06-07 14 Property developer boss fed up with stifling bureaucracy [KUALA LUMPUR] Renowned hotelier and property developer Low Yow Chuan has just about had enough of the suffocating red tape and numbing bureaucracy in Penang and is close to pulling out of ever doing any projectsTHE STAR - 808 words
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NOTE BOOK
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82 2005-06-07 14 Bloomberg [BEIJING] China National Nuclear Corp, the nation's largest nuclear power plants builder, said the country would invest 400 billion yuan (SsBo billion) building nuclear plants from 2005 to 2020. China is to decide soon on deals to build two pairs ofBloomberg - 82 words
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73 2005-06-07 14 Reuters [BEIJING] Bank of China, the country's largest foreign exchange bank, hopes to sell more than 10 per cent of its shares to a number of foreign investors, bank president Li Lihui said yesterday. The bank is in talks with severalReuters - 73 words
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69 2005-06-07 14 AFP [HONG KONGI Hong Kong's finance chief Henry Tang said yesterday that China's textiles trade row with the US and Europe could tempt factories to relocate back to the former British colony to avoid threatened sanctions. Hong Kong had a massive textile baseAFP - 69 words
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Article, Illustration521 2005-06-07 14 SHOEB KAGDA - INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent FOUR years after Indonesia chose to dramatically alter its political and economic structure by introducing the Regional Autonomy Law, the country is beginning to reap the dividends of that landmark decision. Starting this month, residents of 200 municipalities521 words
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Page 14 Advertisements
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Advertisement11 2005-06-07 14 Call 1800 289 8822 or email recrvit@sph.com.sg for your recruitment solutions11 words
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GREATER CHINA/INDIA
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637 2005-06-07 15 ASHOK KUMAR - Nation must offer continuous value creation and higher economies of scale By ASHOK KUMAR in Mumbai GLOBAL competitive pressure is forcing organisations to look for ways to sustain growth and manage costs effectively and efficiently, particularly the selling, general and administration637 words
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Article, Illustration504 2005-06-07 15 [LONDON] Wipro, the Indian IT company, is looking to make new acquisitions as it seeks to deepen its specialist expertise and move into offering more complex services to its customers, the Financial Times reported. "We have a number of acquisitions in the pipeline,"AfP - 504 words
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502 2005-06-07 15 The sale will test investor confidence in Chinese banks Bloomberg [HONG KONG] Bank of Communications Ltd, China's fifth-largest lender, plans to raise as much as HK$l4.9 billion (553.2 billion) in the first of three overseas share sales by the nation's banks this year, accordingBloomberg - 502 words
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355 2005-06-07 15 Bloomberg [NEW DELHI] BBC Worldwide, the UK's third-biggest publisher of consumer magazines, will publish its first title in India in three months, tying up with the Times of India, the flagship newspaper of Bennett Coleman Co. The unit of British Broadcasting Corp,Bloomberg - 355 words
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Article, Illustration384 2005-06-07 15 [LONDON] Intel has announced plans to target India's rising demand for personal computers, marking a strategic step up in a country that has mostly been a source for offshore technology skills for the world's largest manufacturer of microprocessors, the Financial Times reported yesterday.BLOOMBERG - 384 words
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157 2005-06-07 15 AP [SHANGHAI] A Shanghai taxi company has banned cabs with unlucky licence plates from carrying students to college entrance exams this week. Dazhong, the city's largest taxi company, won't carry students in cabs whose licence plate ends in the number four, whichAP - 157 words
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ASIA-PACIFIC/WORLD
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Article, Illustration366 2005-06-07 16 IDC expects number to cross 910m by 2009, from 625m this year AFP [SINGAPORE] The number of mobile service subscribers in the Asia-Pacific region outside of Japan is projected to exceed 901 million by 2009 after growing a robust 25.6 per cent to 527.3 millionAFP - 366 words
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Article, Illustration481 2005-06-07 16 AP A CHINESE diplomat's attempt to defect to Australia and explosive claims about Beijing's espionage activities have cast a shadow over Canberra's attempts to negotiate a free trade deal with China. Chen Yonglin, 37, worked as a diplomat at the Chinese Consulate-GeneralAP - 481 words
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437 2005-06-07 16 Reuters, Bloomberg [MANILA] Philippine President Gloria Macapagal Arroyo faced fresh corruption allegations in the media yesterday surrounding last year's election, but government officials said the evidence had been doctored. ABS-CBN television network said there was an audio tape of a conversation betweenReuters,; Bloomberg - 437 words
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337 2005-06-07 16 Reuters [BEIJING] Standard Chartered Pic is looking at smaller banking acquisitions to supplement its Asian franchise, as it shies away from bigger investments in the region, its chairman said yesterday. "We are in most of Asia, we are looking at add-ons almostReuters - 337 words
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903 2005-06-07 16 Bloomberg [NEW YORK] Apple Computer Inc's plan to switch its computers to Intel Corpchips for the first time may help chief executive Steve Jobs sell cheaper laptops and extend gains in market share. Mr Jobs was to unveil plans to useBloomberg - 903 words
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Page 16 Advertisements
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Advertisement7 2005-06-07 16 [iTiTI Lianhe Zaobao I Looking beyond I7 words
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WORLD
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513 2005-06-07 17 The finance ministry projects debt this year to reach a record 66% of GDP Bloomberg [PARIS] France is selling a 4.53 billion-euro (559.25 billion) stake in France Telecom SA, making debt reduction the first move by Prime Minister Dominique de Villepin sinceBloomberg - 513 words
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Article, Illustration258 2005-06-07 17 Reuters [LONDON] A texting lottery for tickets to London's star-studded Live 8 charity concert opened yesterday with hundreds of thousands expected to spend up to £20 million (Ss6o million) competing for the chance to attend the July 2 event Performers expected at the Hyde Park showReuters; AFP - 258 words
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208 2005-06-07 17 Reuters [LONDON] International Business Machines Corp (IBM) is linking with a team of Swiss scientists to create the world's first accurate, computer-based model of the brain, the US company said yesterday. The researchers hope that modelling the brain at the cellular levelReuters - 208 words
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Article, Illustration450 2005-06-07 17 NYT [GENEVA] Swiss voters on Sunday approved plans to join the European Union's passport-free zone, an indication that Switzerland is moving away from its traditional isolation in the region. In final results of the referendum, 55 per cent of voters agreed to joinNYT; AP; REUTERS - 450 words
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Article499 2005-06-07 17 Voters are more concerned with the socio-economic consequences of integration AFP [PARIS] KEEPING the peace may have been the driving factor for Europe's founding fathers in the postwar period, but the argument is no longer enough to convince today's Europeans to pursue closer integration, expertsAFP - 499 words
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326 2005-06-07 17 It will create largest US warehouse, distribution Reit Reuters [NEW YORK] ProLogis is buying rival real estate investment trust Catellus Development Corp in a US$3.6 billion cash-and-stock deal that will create the country's largest Reit focused on warehouse and distribution properties,Reuters - 326 words
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Article148 2005-06-07 17 AP [LONDON] Exactly a month before the vote, front-run-ner Paris received the best overall review yesterday in an lOC evaluation of the five cities bidding for the 2012 Olympics. The International Olympic Committee issued a 123-page report evaluating the bids of Paris, London, New York,AP - 148 words
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AVIATION
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Article, Illustration484 2005-06-07 18 Airbus CEO visits Dubai to explain delays to largest A380 buyer Bloomberg [DUBAI] Emirates, the largest customer for the Airbus SAS A3BO aircraft, said it is seeking damages from the European maker because of a six-month delay in delivering the plane, joining Qantas Airways LtdBloomberg; AFP FILE PHOTO - 484 words
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Article392 2005-06-07 18 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA392 words
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285 2005-06-07 18 Bloomberg [HONG KONG] Dragonair, the city's second-largest carrier, said it may start cargo flights to Chicago and Los Angeles next year to take advantage of rising air freight demand as trade between China and the US expands. Dragonair plans to fly moreBloomberg - 285 words
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253 2005-06-07 18 AFP [PARIS] US plane maker Boeing would still prefer to reach an amicable settlement with its European rival Airbus in the dispute over aircraft subsidies rather than having the matter settled by the World Trade Organization (WTO), a senior Boeing official told aAFP - 253 words
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Article, Illustration638 2005-06-07 18 Bloomberg [NEW DELHI] Deccan Aviation. owner of India's first low-fare carrier Air Deccan, said it is considering a plan to trade its stock on the Nasdaq, becoming the first Indian airline to tap funds from the US equity market. The carrier, whichBloomberg; AFP FILE PHOTO - 638 words
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Advertisement123 2005-06-07 18 Deal of the week Your online travel guru I a M i i i i AIRFARE HOTEL WEATHER Beijing $430 $72 Garuda Beijing Da Wan Hotel Sumy TOMODBTMAIIONS MmL* HOtjL J WEATH£R Jakarta $98(KLM) $92 (Crowne Plaza Jakarta) Kuala Lumpur $107 (Hariri Ai*n4 $84(Si*s4*denHolrf JtatoUnfiu) Bangkok $119(Valuair) $60 (DMaPavifon Hotel)123 words
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SHIPPING/AVIATION
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317 2005-06-07 19 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, India's biggest domestic carrier, said it is suing to remove Jet Airways Inc from the US trademark registry as it seeks to start flights to the world's biggest economy. In a case filed to theBloomberg - 317 words
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353 2005-06-07 19 Reuters [LONDON] British regional airline Flybe has placed an order for 14 new planes from Brazil's Embraer and taken options for a further 12 in a deal worth nearly US$l billion, the airline said yesterday. Flybe's order was a loss for manufacturers AirbusReuters - 353 words
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424 2005-06-07 19 AFP [KUALA LUMPUR] Malaysia yesterday broke ground on the construction of an airport terminal for Asia's booming budget aviation sector, which it hopes win help make Kuala Lumpur a regional transport hub. The new terminal, which will cost RMIOB million (Ss47i£9million) and initiallyAFP - 424 words
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242 2005-06-07 19 Bloomberg [SINGAPORE] Singapore Airlines Ltd (SIA), Asia's most profitable carrier, will seek proposals from Boeing and Airbus as it plans to add as much as 30 new aircraft for regional and medium-haul flights in the next few years. "We foreseeBloomberg - 242 words
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Article, Illustration432 2005-06-07 19 Bangkok urged to support setting up of centre for strait security AFP [BANGKOK] US Defence Secretary Donald Rumsfeld urged Thailand to support the establishment of a centre in Malaysia to combat rampant piracy in the Malacca Strait, a vital shipping lane, Thai officialsAFP - 432 words
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Article, Illustration564 2005-06-07 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Re-elected as president of the Singapore Shipping Association (SSA), Teo Siong Seng told his membership to be "alert" to the dynamics of world sea-borne trade and urged Asean governments to develop stronger political will to solve <he region's piracy564 words
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299 2005-06-07 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] The buoyant global shipping industry has also benefited Malaysia's Johor Port Berhad which reported increased cargo volumes across nearly all sectors leading to a 6 per cent rise in 2004 pretax profit over the year299 words
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102 2005-06-07 19 AP [SHANGHAI] Construction has begun on what China says will eventually be the world's biggest shipyard, part of the country's plan for taking a dominant role in the industry. China's biggest shipbuilding company began building the 8 km-long facility late last week on anAP - 102 words
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Article283 2005-06-07 19 SGX '000 Jy—t St Vol CH Offshore .0.36 unch 129 ChuanHup .0.74 0 01 212 Cosco Corporation 1.89 0.06 134S0 CWT Distribution .0.66 -0 01 4 EzraHldgt 133 0.02 82 Freight links 0.06 -0.01 73 Grand Banks Yacht .0.93 -0.04 4 Java Holdings 1.05 unch 661 Kl Venture283 words
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Page 19 Advertisements
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Advertisement67 2005-06-07 19 ATTENTION ALL SHIPPING COMPANIES WITH EFFECT FROM 19TH MAY 2005 MARPOL 73/78 ANNEX VI SINGAPORE STANDARD CP:6O 2004 REQUIRE SAMPLES TO BE TAKEN AT SHIP'S MANIFOLD WHEN TAKING BUNKERS iff** HAVE YOU COMPLIED? MARITEC supplies all your needs to comply with the mandatory requirement. Maritec Pte Ltd 192, Pandan Loop,67 words
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EDITORIAL & OPINION
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Article507 2005-06-07 20 EDITORIAL MALAYSIAN Prime Minister Abdullah Ahmad Badawi certainly got it right when he listed "cheap foreign labour" as one of the "addictions" of the Malaysian private sector. His speech, early last month, to the Harvard Society seemed to have stunned not a few addict-busi-nessmen in507 words
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Article, Illustration784 2005-06-07 20 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR Bloomberg BRIAN Wesbury isn't a preacher, yet you could've fooled the audience of investors and traders the US economist addressed in London recently. One attendee was quick to note an "evangelical quality" to Mr Wesbury's bullish takeBloomberg - 784 words
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Article, Illustration1035 2005-06-07 20 WOLFGANG HUMMEL - The Republic would be able to fill knowledge and information gaps, especially in services By WOLFGANG HUMMEL THE trend of German companies increasingly looking to Asia, and particularly China, to establish operations could open up new opportunities for Singapore firms. The currentAP - 1,035 words
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Article, Illustration1087 2005-06-07 21 JACKSON LO - Battle for consumer attention continues to propel growth of a cluttered media and competitive advertising industry By JACKSON LO THE advertising industry in China has grown tremendously since its beginnings in the late *****. Today, it is one of the largest advertising markets in Asia.AFP FILE PHOTO - 1,087 words
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134 2005-06-07 21 Dulcie Chan (Ms - Dulcie Chan (Ms) Assistant Director Corporate Marketing Communication Infocomm Development Authority of Singapore I REFER to Mr Ricky Lee's letter, "Sing Post's massive rate hikes hurting customers" (BT, June 3). IDA has granted Singapore Post Ltd an exclusive licence for the conveyance of134 words
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539 2005-06-07 21 Angeline Tan - LETTERS TO THE EDITOR Angeline Tan Corporate Communications Manager Singapore Post Ltd Singapore I REFER to the letter "SingPost's massive rate hikes hurting customers" by Ricky Lee (BT, June 3). Sing Post's Speedpost air and surface parcel business is highly competitive. Besides Sing539 words
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Page 21 Advertisements
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Advertisement557 2005-06-07 21 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of GLOMAX INTERIOR PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****0858H) Notice of Resolution At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held on the 27th day of557 words
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Advertisement480 2005-06-07 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HAIWAI DEVELOPMENT (SINGAPORE) PTE. LTD. (COMPANY NO.: *****1994W) (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting held ot 133 New Bridge Road #13-10 Chinatown Point Singapore *****3 on the 2nd day480 words
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Advertisement579 2005-06-07 21 IN tHE MATTER OF THE COMPANIES ACT, CAP. 50 And In the Matter of 1. GENVORA PTE LTD (Registration No. 1M*****7D) 2. MEDIAMANAGER PTE LTD (Registration No. *****0925Z) (In Creditor*' Voluntary Liquidation) 3.M& B TRADING AND A&ENCIES PTE LTD. (Registration No. *****1650 C) 4. FOLIAGE INTERNATIONAL PTE LTD. (Registration No.579 words
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Advertisement101 2005-06-07 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQJOOOToa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We101 words
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Page 21 Miscellaneous
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Miscellaneous241 2005-06-07 21 CRYPTIC CROSSWORD DOWN 2 tl y Tn^?7^ ,d make 006 hit 15 Grubb y Producers of luxury ma- YESTERDAY'S SOLUTION 3 Chat to new model (7) tenal 9 Across: 1 Prisoner of war, 10 RegiI W SSTSfsSL? No. it 16 SSTje'• ,2 noes back to exercise of free will .2?'241 words
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Article2441 2005-06-07 22 I ililffl 1 1 i" i" I n m W&K&* SGX XTRANET 52-Wk Id Lat Vol Day UttQuot* GrOiv Dtv GrYld Net MCap Ml» law Ca4» Congany S«k ♦<- COOP) Wgh Low ttiym SaMr Cw S P/t tmH ********** 6065 Diamonds US*****td 6095 (5 DJ US Tech US37402,441 words
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Article3384 2005-06-07 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loot curt t> S$ la IBS yr dy *yr X dy Hyt toll lnda» Change Change Change ftgg Change Ogg mi u ai 41 -u »EAfE Preliminary 803.1 -0-? 3.9 03 J J 0 0 3 J Europe Preliminary ***** 42 533,384 words
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Page 24 Advertisements
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Advertisement1265 2005-06-07 24 imr < *-*'>. „a UIIIIIIIIOI KL b I ■k ij M ]M M. %,v .l| *iB /Q\ NYK GROUP SOUTH ASIA PTE LTD vrfmr ApBUTtSVC TEL 6295 0123 XW JK ALINE Uags< JH, Am LINE Fax:*****Bs6(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO KNPAXU KASHA. UO. (C/R NO: **********0E) JHH «#>1,265 words
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Advertisement794 2005-06-07 24 [XTOASUKOtOSIIt wa VBsa/VQY mwpoo) hbghm wg kh ia I aw jkt STRAPS VENTURE 11/ OS 15 3.7 23/05 26/05 01/06 04/06 06/06 STRAITS VENTURf IZ/0S 15 12 08/06 11/06 STRAITS VBmjȣ 3/D5 15 3.2 IS/06 21/06 26/06 21/06 01/07 [AUSTRALIAN KORO StKVKt ygSa/VOT I RAMTgI) I HBCMPH LP I SM794 words
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Page 25 Advertisements
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Advertisement793 2005-06-07 25 www.hofnburgsud.com AUSt SIHYig (IX WT) Jtt Jtt swGAfo»E msauK sTDwn mow* aobjmm mwb mam mm mtemm A«aiK CStHIAMBI 0077S 10/0* 20/Bt 22/0* 25/ M 71/0* (50. WMBOOWS 08/87 I I/O? M 7 1W Ml Stow Oils 17/04 27/0* 28/0* 02/07 05/87 SIOWOHS 15/07 15/07 27/07 31/87 12/80 OU VDH Ht793 words
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Advertisement174 2005-06-07 25 Ell HI Itt 111 KSTMOTON FORTUNE! H/05 10/06 12/06 KUTUM/KLMIMI SRI JAYAI 01/05 88/84 11/04 JAMM/PBAMARII MAHARM 08/05 88/84 11/04 PAIEMIANG/PANJANG SRIIAHARI 17/05 08/09 10/04 KJMMN/IMCSEUAMI PUUUWB) *7/15 09/04 11/04 SAMAG/MAUHAYATI IMAMUSI 10/05 13/84 15/84 IBWMUI/PAiAIW vcsa m s* is temm PRIMA SAMUDRA 88/05 08/04 11/84 MlMtt/OSAMM rtIMA SA*TI 81/85174 words
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Advertisement1196 2005-06-07 25 vßsa PKG GOLDEN TRADE ISOBN I 14/6 I IS/4 17/6 NEW DYNAMIC 088 A I 975 H75 on! I 21/6 I 22/6 24/6 BKIDGC 082 A 16/6 18/6_ IGOLDBI GATE |SO9N I 78/6 I 79/6 I 1/7 I 1 I~j I NEW DYNAMIC 089 A 23/6 25/6 Mh| MC IW-Slwn1,196 words
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Advertisement799 2005-06-07 25 I WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICD POINTS vtssa I vot I sm |pjuang|coiombo|n.sheva IcOIOMBO lAJIV GANDHI OW3W 30 MAY 31 MAY 03JUN 06 JUN WJUN lAYUina am o*iun 07 juw iojun muw iluu MlfflJiUßl JffilflL I3JUH M JIIH IZM 2LM 2LIIIK IQH PEIWItA799 words
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THE BUSINESS TIMES SHIPPING TIMES
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Page 26 Advertisements
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Advertisement761 2005-06-07 26 VOUI WALLENIUS WILHELMSEN website: http://www.2wglobal.com [VESSEL 1 IK mo HOW mia s*v BAL ORE NTt NEW MOB I TAMERLANE lAFSIS ***** mm I 4.4 M I U/M 02/07 11/07 15/07 11/07 14/07 TAIKO AFSI6 4201ns I 6.4* I 18/04 20/07 24/07 21/07 24/07 30/07 [TARONCA AfslB 3201pm 4.25e 20/07 12/08761 words
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Advertisement602 2005-06-07 26 vissa yw sin pou vcsa vor sm jkt CSf 2301 0130P 07/06 00/0* MCIAU 416? 05/06 07/06 w him HUN 07/06 07/06 PACMNTAN 9302 07/06 09/06 PAC SAMOA mn iZ 09/S Him wo iffi—: CSf 2301 filllf M 4 11/06 PACIAHOA HUN !0/W 10/06 Thllll }'ll ill PAC OAMPA !M602 words
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Advertisement488 2005-06-07 26 BSA x i 3n^^^p MYANMA nH FIVE STAR LINE (Myoaaiar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 346W SU> HPA-AN 337W SID IN MALAYSIA: lOUSTEAD SHIPPING AGINCIES Kill/PKL 03-*****3 M PEN: 04-*****1S Ml ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKI KIK MARINE VICTOR488 words
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PROPERTY
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Article, Illustration430 2005-06-07 28 ARTHUR SIM - Major draw for Maxwell Rd building is museum to be set up by Germany's Red Dot By ARTHUR SIM THE old Traffic Police Headquarters in Maxwell Road will be converted into a design centre, with its draw a museum by German design institutionCHRIS LOH - 430 words
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378 2005-06-07 28 Bloomberg [BANGKOK] Millennium Copthorne Hotels pic, controlled by Singapore billionaire Kwek Leng Beng, is building a second Bangkok hotel, this time with a local partner, as part of the company's planned Asia expansion. The 326-room hotel, a 50-50 joint ventureBloomberg - 378 words
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Article, Illustration341 2005-06-07 28 KALPANA RASHIWALA - By KALPANA RASHIWALA IN what could be a sign of the current home buying season tapering because of the school holidays when many families go on vacation, developers reported relatively tepid weekend sales for recent launches. Centrepoint Properties sold 15 units over the weekendFILE PHOTO - 341 words
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Page 28 Advertisements
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Advertisement306 2005-06-07 28 I www.zerinproperties.com As tourists re-discover Malaysia's charms, the time is now to invest in the hospitality sector especially in these two top-notch hotels: I 502 room (5-star) Sheraton Subang, Kuala Lumpur Indicative sale price: RMI7O million (neg.) I 279 room Sheraton Penang, hotel with commercial centre, Penang Island. Great turnaround306 words
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Advertisement61 2005-06-07 28 p l 5 b rf 1 h to or 3 FMD THE ONES H" ,V nmmn bet J Recnrft the right people i [through ll* Serines ten*.; i C CaH 1900 289 8822 or coal I H T I recniftssph.com.sg s~>,) Vt pj to advertise. O pj O !3 c—61 words
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