The Business Times, 18 September 2006
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2006-09-18
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The Business Times
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Title Section39 2006-09-18 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) 099/03/2006 Monday, September 18,2006 THE BUSINESS TIMES ■V th ANNIVERSARY SINGAPORE 85 cents online at http://business-timesasial.com.sg IF* a <;iwr,APDRF prf<k hoi niNfK pi iri if ation MICA 099/03/2006 Monday, September 18,200639 words
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Advertisement109 2006-09-18 1 The Business Times and Deutsche ij- Bank welcome IMF and World Bank m »rMll delegates to Singapore 2006. Times are i> and selected hotels, courtesy of wJKm K Deutsche BalA|Li||k^AMgMUkjUyyyLyyH|Hß|n|j^H2gHß||jHM^gMgHßßHHH| BizlT Blu-ray vHD-DVD: A winner-takes-all battle PAGE 32 DINING fefc- OUT A touch of class PAGE 16 BPwVI "JJ\' fll^^^l*109 words
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Advertisement70 2006-09-18 2 l* El l l G "35Sc. IH^^^^^lßNlMilliil^HMMllHiP 88. 11 U lavishes business travellers with discreet service in HHj hHI jr I H we keep your business engagements in sight while I|K "111 n In I indulging you in elegant living and unmatched ;l||:> 1 IF L personal service. At Ascott70 words
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Advertisement240 2006-09-18 3 Some new Somerset Seri bukit Kuala Somerset Dubai in Somerset berlian. Jakarta Citadines Shanghai Jinqiao citadines Bangkok sukhumvit ascott Guangzhou Somerset nusasiri, Pattaya Somerset zhongguancun. Citadines Hongkong Ashley Citadines suzhou Emerald city Citadines suzhou xinghai citadines Central I'''' ii tL*k J V i^F_2—. I ml. mK^UI J i —mi m240 words
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Article, Illustration970 2006-09-18 1 SIOW LI SEN - Richest nations pledge aid to developing countries By SIOW LI SEN [SINGAPORE] The stalled Doha round of world trade talks could be revived after the richest countries have agreed to give US$4 billion a year assistance to developing countries, British Chancellor of theREUTERS - 970 words
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Article137 2006-09-18 1 MARKETS Week Chge STI .2521.91 +11.77 KLSECOMP 958.99 +2.29 NIKKEI 225 *****.93 -213.53 HANG SENG *****.65 ......+91.89 SET INDEX 700.61 +8.15 JAKARTA COMP ...1465.70..- -0.88 MANILA COMP ....2434.86 +56.82 TAIPEI TAIEX 6681.09 -12.02 SEOUL COMP 1361.10 +6.21 SHENZHEN B .291.01 -0.12 AUSTALLORD 4997.20 -66.00 DOW JONES *****.77 ....+168.66137 words
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302 2006-09-18 1 Reuters [SINGAPORE] The Government of Singapore Investment Corp (GIC), which manages a portfolio of over US$lOO billion, is diversifying into emerging markets by investing in equities in Latin America and Eastern Europe. "We have been an investor in the Asian regionReuters - 302 words
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Advertisement46 2006-09-18 1 BizfT Blu-rayvHD-DVD: A winner-takes-all battle PAGE 32 AT LEISURE Wining and dining delegates page 10 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http^/business-times. asial .com.sg. For more information, email btocs@sph.com.sg or call 6388-3838.46 words
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Advertisement9 2006-09-18 1 f DINING "V A touch of class PAGE 169 words
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Advertisement50 2006-09-18 1 The Business Times and Deutsche •t v v ■> 4 1 f Bank welcome IMF and World Bank B »f;T|l Em>l l |T;j delegates to Singapore 2006. Complimentary copies of The Business MTJ Times are available at meeting sites WK^kWA and selected hotels, courtesy of t Deutsche Bank. ■■■(■■■■^■■■■■■■■■HHMtaHflßMHflfeflbHflßHHhH^ 850 words
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Advertisement83 2006-09-18 1 COMMENTARY Yen in for more action than yuan PAGE 4 SUMMIT WATCH Is the G-7 missing the elephant in the room? PAGE 6 G-7 China urged to loosen yuan PAGE 12 SEMINARS Investment managers warn of challenging times PAGE 11 VIEWS FROM THE TOP CEOs on issues affecting business most83 words
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TOP STORIES
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Article, Illustration563 2006-09-18 2 DANIEL BUENAS - Giuliani's firm to provide guidance on safety, security, emergency issues By DANIEL BUENAS higntn wonder yesterday said it has hired a division of Giuliani Partners LCC of Rudy Giuliani, who was New York's mayor at the time of the Sept 11, 2001REUTERS - 563 words
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212 2006-09-18 2 AFP [HONG KONG] Car crazy Hongkongers went into top spending gear over the weekend to snap up HK$ll million (552.2 million) worth of personalised number plates, reports said yesterday. In the first auction of its kind in the former British territory,AFP - 212 words
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Article402 2006-09-18 2 Eighth Wonder hires Giuliani as Sentosa IR security adviser EIGHTH Wonder has hired a division of Giuliani Partners LCC a company helmed by Rudy Giuliani, New York mayor during the Sept 11 terrorist attacks in 2001 as its security planner and adviser in its bid for the Sentosa402 words
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Advertisement292 2006-09-18 2 Ufestpac Institutional Bank WM ffi fill HHIIIfMffI 2 glpf| If 111 1 1 jf ''I p lin j 11i n For a wholesale banking partner that specialises in the Australian and New Zealand markets, look no further than Westpac Institutional Bank. For debt capital markets, transactional banking, financial markets and292 words
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Advertisement225 2006-09-18 2 people Your search ends here. wwwthepeopleatwork.com Asia-Pacific Executive Search i ■IW| U i«M<' —-t '«< >'• BOWEL IRREGULARITY? Fibre is good for you as part of a healthy and well balanced diet. C-Lium® Fibre is a 100% natural multi-tasking fibre. It assists in promoting bowel regularity which helps clean out225 words
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Advertisement114 2006-09-18 3 Mm mmm B H«*> f 3# Bl_ Bonjour EK'i Ciao IP MM UH ICMifeit t JEBEfrsS%fc£: B afc vBkBT X WO SEL* Btra BBjrjlßi j b n'ri'nffl'' Mr I I p b Xaipete j^w*"4 Buen dia JK' JBJ^^^^HBBSH'' _1 KJ «|ru i 11 I pi M 1 jSI;/ J B114 words
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SINGAPORE 2006
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Article, Illustration512 2006-09-18 4 ANNA TEO - Asia's diversity makes formal agreements risky By ANNA TEO [SINGAPORE] International monetary cooperation can be more easily brought about by market forces than by formal agreements, Singapore's Second Minister for Finance Tharman Shanmugaratnam said yesterday. Speaking on Asian Monetary Integration "Will It Ever512 words
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Article, Illustration740 2006-09-18 4 LARRY WEE - COMMENTARY Traders poised to sell yen for higher-yielding currencies LARRY WEE Senior Correspondent CURRENCY traders coming to work today are more likely to focus their energies on the Japanese yen than on the Chinese yuan after the weekend's meeting of G-7 Finance Ministers740 words
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Article, Illustration799 2006-09-18 6 VIKRAM KHANNA - SUMMIT WATCH So much for China and its current account surplus. What about the country with the biggest deficit? VIKRAM KHANNA Associate Editor THERE is the equivalent of an "elephant in the room" at these annual meetings of the IMF799 words
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375 2006-09-18 6 NANDE KHIN - By NANDE KHIN [SINGAPORE] The European Union must press on with efforts towards the creation of a true single market by reducing market distortions and red tape and integrating financial markets, German Minister of Finance Peer Steinbrueck said yesterday.375 words
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552 2006-09-18 6 JEAN CHUA - Oil prices, trade imbalances need to be managed well Reports by JEAN CHUA [SINGAPORE] There is a lot to be happy about in the global economy, with gross domestic product growth this year hitting a five-year high, say experts of the Institute of552 words
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316 2006-09-18 6 [SINGAPORE] China will press on with reforms in its banking and financial sector, and honour its commitments as a World Trade Organization (WTO) member to fully open the domestic market to foreign lenders from next year, said Liu Mingking, chairman of the316 words
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Article154 2006-09-18 6 Reuters [SINGAPORE] Turkey will host the 2009 annual meetings of the International Monetary Fund and World Bank in Istanbul, Belgian Finance Minister Didier Reynders said yesterday. He was addressing a meeting of the IMF's International Monetary and Financial Committee, on which Belgium represents Turkey, amongReuters - 154 words
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Article, Illustration477 2006-09-18 8 CHEN HUIFEN - View comes from official studying world's readiness for an outbreak By CHEN HUIFEN ONLY "a handful" of countries across the world are fully prepared to deal with the economic and social consequences of a bird flu pandemic, but Asian countries477 words
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Article327 2006-09-18 8 CONRAD TAN - By CONRAD TAN AS THE world's top financial chiefs were discussing a package of reforms to make the International Monetary Fund (IMF) more relevant for developing countries, some lobbyists questioned whether the proposed reforms would be sufficient. In a paper titled, The IMF: Shrink It or327 words
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IN BRIEF
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87 2006-09-18 8 Bloomberg [SINGAPORE} Indonesia's benchmark interest rate is likely to be reduced to 8.5 per cent by the end of 2007 to help boost economic growth, as inflation eases, central bank Governor Burhanuddin Abdullah said. The central bank expects to cut the keyBloomberg - 87 words
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67 2006-09-18 8 Reuters IMNGAnJKhj Malaysia maintained a prediction of vibrant economic growth this year even if interest rates were tweaked. Second Finance Minister Nor Mohamed Yakcop said a forecast for 5.8 per cent growth in 2006 would be achieved even if interest rates were adjusted.Reuters - 67 words
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75 2006-09-18 8 Reuters {SINGAPORE] Thailand aims to raise public spending next fiscal year to shield the economy from an even sharper slowdown than expected but will limit its budget deficit to 2 per cent of GDP, Finance Minister Thanong Bidaya said. He said GDP growthReuters - 75 words
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Article, Illustration649 2006-09-18 10 CONRAD RAJ - No small feat to wine dine delegates AT LEISURE CONRAD RAJ Senior Correspondent THERE is so much hospitality on offer to delegates attending the meetings of the Board of Governors of the World Bank and the International Monetary Fund that while it is partygoer's heaven it is a bit of649 words
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Article, Illustration152 2006-09-18 10 CHEAH UI-HOON - By CHEAH UI-HOON TO give an idea of what banking in Bahrain is like, Victoria Theatre (above) was transformed into a souk to highlight the kingdom's traditional culture and values for the Banks in Bahrain: A Showcase Reception event Farid A 1 Mulla, chairmanPHOTOS: ARTHUR LEE - 152 words
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656 2006-09-18 11 WONG WEI KONG - PROGRAM OF SEMINARS Traditional asset classes not giving required returns, seminar told By WONG WEI KONG AFTER years of bull markets across asset classes, investment managers are facing challenging times, experts at the IMF Programme of Seminars warned yesterday. The new environment will656 words
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Article, Illustration410 2006-09-18 11 SIOW LI SEN - By SIOW LI SEN PUBLIC and private sectors need to work together to improve the infrastructure in poor countries, and this partnership requires governments, the private sector and the community to listen to each other, participants at a seminar were told yesterday. In an impassioned410 words
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463 2006-09-18 11 MATTHEW PHAN - Investment flows on the rise between developing nations By MATTHEW PHAN MARKETS in South-east Asia are putting up barriers to foreign money at a time of increasing foreign investment from one developing country to another, Jackson Tai, chief executive of DBS463 words
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Article, Illustration434 2006-09-18 11 MICHELLE QUAH - By MICHELLE QUAH TO COMPETE on a global scale, Asian firms need to learn how to "own" their customers better, and not just concentrate on perfecting their back-end processes. And that means being more innovative in the way they brand and market what they434 words
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388 2006-09-18 11 OH BOON PING - By OH BOON PING INTEGRITY is essential in good governance not just for the regulated, but also the regulator, says the Singapore Exchange. "Good corporate governance does not depend on just rules and regulations or institutions and infrastructure Human beings play the major388 words
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Article, Illustration641 2006-09-18 12 G-7 MEETING More flexible exchange rate would ease global trade imbalances Bloomberg. Reuters. AFP {SINGAPORE] China came under renewed pressure on Saturday from the Group of Seven (G-7) industrial nations to make its exchange rate more flexible as a way of easing international tradeBloomberg.; Reuters. AFP; BLOOMBERG - 641 words
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547 2006-09-18 12 AFP [SINGAPORE] Japan got off lightly at a weekend meeting here of Group of Seven (G-7) finance chiefs, where European ministers had hoped for a strong statement evoking the dangers of a weakening Japanese yen. In the event, a final communique from theAFP - 547 words
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Article299 2006-09-18 12 US Treasury Secretary Henry Paulson 'China needs greater currency flexibility and stronger domestic consumption as well as financial sector reform.' 'The G7 agreed that the IMF must quickly revise, update, and rigorously implement its 30-year-old guidelines on exchange rate surveillance.' 'We should intensify our efforts against terrorist299 words
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Article, Illustration1250 2006-09-18 13 G-7 MEETING The following is the text of a statement from the Group of Seven industrialised powers, issued after its meeting on Saturday Reuters WE, Finance Ministers and Central Bank Governors, met today to evaluate global economic outlook and discussed the ways to promote continuedReuters; ARTHUR LEE - 1,250 words
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Article92 2006-09-18 13 MEMBERS of the The Group of Seven (G-7) are US, UK, Japan, France, Germany, Italy and Canada. In 1975, these countries started to hold annual economic summits attended by their heads of state or government. At the level of finance minister and central bank governor, G-792 words
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Advertisement141 2006-09-18 4 MILLENNIUM COPTHORNE INTERNATIONAL B WISHES ALL IMF/WORLD BANK DELEGATES A PRODUCTIVE AND MEMORABLE VISIT TO SINGAPORE i|p r -s USA Korea China United Kingdom i Thailand 7 Germany Pnilippnes a. 'S France Eg pt Malaysia I Qatar Singapore United Arab Fmirates Ecuador Indonesia New Zealand y j WITH OVER 108141 words
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Advertisement300 2006-09-18 5 ;S?lB>f ,;S IHHnnHHF 1 w VaMi 4lnniplßßllsß w :gS| I L.TT 55* E ■I I jf■fja|»jg^*^gpjK» bphp Z&. ||p XfjSr WPmF BE 558 bp—* I jBl S 0i Hhrt jMß»j| 5* ■■jgd£ 3303 ii 1 «^l iSfjMMßftt» v "wr i OBWHBMMBB -~'>. IWPB jitt^MKß^yiMßMii^P^fe mLJ-. aBBI^BI /'^W^^IJHM^, a^B^B^^^CHB |uk.T jtj300 words
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Advertisement130 2006-09-18 6 UK. wake up to a l^stSnSl "*>9l3 I I Have you been seen at Oscar's lately? W m ZmJ II Make a scene> Make scene> step into the S P ot,l 9 ht Jm fl f «Ji |o Entertain your entourage. You're always the star at Oscar's, 81 P fIL130 words
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Advertisement11 2006-09-18 8 \gsK 3 jj *V*~ >£jKj'» «r ivii; t^;4K V'"'" Trtra i-tfllirl11 words
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Advertisement639 2006-09-18 8 >AT-^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HARD ROCK HOTELS A RESORTS MANAGEMENT PTE LTD (COMPANY NO. *****5350W) MENG LEONG PROPERTIES PTE LTD (COMPANY NO. *****26MW) (ALL IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETINGS NOTICE IS HEREBY GIVEN, pursuont to Section 308639 words
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Advertisement176 2006-09-18 9 S| Hbl jflf It's easy to see why H some banks treat all porcelain H exporters the same. H i V V-:>.W '.<■ -V 'W <f I", f^Pp^' V,-:.'.-'-li- n*C* «v».*J**- > f; '%&v #jto?4)PI v When you've spent 129 years getting to f r :'-*>s■ •>> ,V" *$>. o*.176 words
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Advertisement2336 2006-09-18 10 :*AT3 NOTTCFS X V_ J JL 1 1 > Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT Kyodo-Allied Industries Ltd Company Reg No. *****2850E Annual General Meeting. NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of the Company will be held at 17 Kian Teck Road, Singapore2,336 words
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Advertisement564 2006-09-18 10 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF SEVEN GEMS PRIVATE LIMITED Rag. No. *****1314 D (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the above-named Company duly convened and held at 51 Anton Road #02-59 Anton Centre, Singapore *****4564 words
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Advertisement317 2006-09-18 10 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF CAMSPEC PTE LTD MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 18, Gul Crescent, Singapore *****7 on 11 September 2006 at 10.00 a.m., the following Special Resolutions were317 words
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Advertisement69 2006-09-18 11 >r* 1 I M v -.'fflTfi'liliiilf 1 ifIWH fin M eSB iJ i WS& A ■■>! lii/ |Hh |H|Jr tfij&i v' ;pjv f ij t Ij' HH fl| B i **L ljß Kfej k J J jV '^JuW ft F gjl F KfijTmTmjT^^H J|H B I\ IM I IF IS69 words
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Advertisement342 2006-09-18 12 ■p if nm ISBb bb k mhv brand $913 India's first truly international-class wines..." Wine Spectator SULA VINEYARDS C7ln S7ncfian Qem proudly seruecfat MMM ■MiWMb Mlrchl Taste of India 6 Raffle* Ave #02-23 Esplanade Mall Tel: *****590 4? Imported by 40 Holland Grove Rd. Tel: *****053 Diners Club Card r.w»~J64i*****342 words
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Advertisement211 2006-09-18 13 ISNT IT TIME your KEY work HARDER for you? With Nissan's Intelligent Key System, now it can. a At Nissan, we sense the future through innovation. Opening new doors J in driving experience, the Intelligent Key System confers the convenience of keyless entry and engine ignition. For those who are211 words
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VIEWS FROM THE TOP
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Article, Illustration3237 2006-09-18 14 THIS WEEK'S TOPIC What are the key issues raised at the IMF-World Bank annual meetings that could affect business most? SINGAPORE is particularly privileged as it is not only participating in, but also deeply involved in structuring the programme of seminars for the IMF-World Bank annual meetings. It3,237 words
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Advertisement24 2006-09-18 14 M Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS). AT:3 \g|k mL 9>24 words
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Advertisement217 2006-09-18 15 .> BT CEOs e-dub 0 y "V v ,''h.' Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will217 words
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DINING OUT
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Article, Illustration1173 2006-09-18 16 GUEST CHEF Roberto Magnini at Harbour Grill Oyster Bar Hilton Hotel, until Sept 20. Tel: 6730 3393 PERHAPS one is influenced by the knowledge that chef Roberto Magnini is from Milan the fashion capital of Italy in that his dishes look a lot more stylish1,173 words
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COMPANY NEWS
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Article, Illustration552 2006-09-18 17 CONRAD TAN - It calls for EGM to counter Vantage's snub of its board representation bid By CONRAD TAN PACIFIC Internet's (PacNet) two largest shareholders are gearing up for a struggle over control of its boardroom, after failing to gain ownership control of the Nasdaq-listed company552 words
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COMPANY BRIEFS
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106 2006-09-18 17 THE Economic Development Board has pared its deemed interest in CNA Group from 18.45 per cent to 17.8 per cent after a unit PLE Investments sold 894,000 CNA shares in the open market on Thursday. EDB and EDB Investments are deemed to106 words
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59 2006-09-18 17 KEPPEL Corp said its stake in associate kl Ventures has increased from 38.13 per cent to 38.16 per cent, after its wholly-owned subsidiary, Kephinance Investment, bought 559,000 kl Venture shares on Friday. Keppel said the purchase price was $200,000, based on kl's59 words
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98 2006-09-18 17 SNP Corp said on Saturday that its proposal to take subsidiary SNP Leefung Holdings private has been approved by the Supreme Court on Friday. The final day of trading of shares in the Hong Kong-listed SNP Leefung will be today and98 words
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662 2006-09-18 17 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY WHEN Chinese water treatment firm Bio-Treat released its latest results a fortnight ago, all hell broke loose in the stock market because the company's earnings were significantly lower than expectations, the stock was hammered, losing as much as662 words
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Advertisement221 2006-09-18 17 i. 11 i 1 .g < ■&.->?. <<~••• vr- v \P* i f V i The one and only branded residences in Singapore "IS S 8 SHANCRILA 1 g—m g hotel NASSIM NASSIM imtii ESTATE I ESTATE f F I iy-'i 11 I '>' SINGAPORE I I ORCHARD PALAIS I221 words
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SINGAPORE MARKETS
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Article, Illustration1332 2006-09-18 18 TEH HOOI LING - TEH HOOI LING Senior Correspondent IT was a good week for stocks in Singapore despite a wobbly start. Correction in crude oil prices as well as commodities like copper and gold spilled over to stocks on Monday in developments reminiscent of the May sell-off.1,332 words
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Article, Illustration1379 2006-09-18 18 ROBERT HALILI - INSIDE MARKETS A significant trade is the purchase of F J Benjamin shares by a shareholder which increased his stake by 200%, says ROBERT HALILI ROBERT HALILI THE buying by directors and substantial shareholders picked up last week with 21 firms that recorded1,379 words
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Article, Illustration665 2006-09-18 19 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT goes without saying that for the early part of this week markets everywhere will have only one thing on their minds the fate of US interest rates which will be known after Wednesday's Federal Open Markets Committee (FOMC) meeting.665 words
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401 2006-09-18 19 CURRENCIES AFP [HONG KONG] Asian currencies were mixed against the US dollar last week but trading remained hesitant ahead of a meeting of finance chiefs of the Group of Seven nations in Singapore. Japanese yen: The yen slightly rebounded after hitting a five-month localAFP - 401 words
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Article689 2006-09-18 19 Payment Ex Books Pay Payment E* looks Ply (as) tot dese <aa_ (an—SsJi—Sass—«¥_ ABR Hldgs I 0.50 15-Stp 20-Ste 29-Stp JSH bb 5.30 2/-Stp 02-Qtt 22-Hoy AW Hldgs S 0.50 15-Stp 20-S«p 29-Stp JurongTech w 2.00 19-Scp 22 S«p 05-0a Act Dynamics I 0J6N 05-Stp 0S-S«p 22-Stp KhongGuan689 words
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Article231 2006-09-18 19 COMMODITIES AFP [LONDON] Oil prices extended their slump last week owing to easing supply concerns, striking their lowest levels for almost six months and causing heavy losses to metals, notably gold which hit a near three-month low. On Friday, the Commodities Research Bureau's index ofAFP - 231 words
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Article, Illustration1722 2006-09-18 19 Consensus No.of Forecast Mean Frl's I Consensus Mo.of Fwecast Mean Frfs recommendation esti- EPS PE target price P**» Company name This wk Last mth mates (cents) (ratio) price Company name This wfc Last mth mates (cents) (ratio) prtce W Advanced Holdings 2.00 2.00 2 5.85 6.58 1.14 0.401,722 words
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Advertisement14 2006-09-18 19 Singapore institute of management Ui u»iw«r»wy >t Ju3 The State University of New York14 words
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SINGAPORE NEWS
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Article, Illustration426 2006-09-18 20 KALPANA RASHIWALA - Apartment owners in the 3 freehold plots will get $1.3-5 million per unit By KALPANA RASHIWALA PROPERTY giant Far East Organization continues its landbanking spree. It has clinched three adjoining freehold plots at Keng Chin Road, just off Bukit Timah Road, for $145.5426 words
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180 2006-09-18 20 THE Monetary Authority of Singapore's (MAS) International Advisory Panel (lAP) yesterday expressed its confidence about growth opportunities for Singapore and Asia, the MAS said. The panel in its sixth meeting after being set up in 1998 to advise MAS on trends in the180 words
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513 2006-09-18 20 LESLIE YEE - By LESLIE YEE A BRIEFING in Singapore yesterday was told how a 300-year British bank is planning for its operations here to keep on growing at an annual rate of 25 per cent, come rain or shine. Barclays pic president Robert Diamond said that513 words
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Article135 2006-09-18 20 DATE/ TIME EVENT VENUE 18 Sep SMU -Talk: Monetary and Conference Hall 2, 4.30pm Economic Integration the Level 2, School of European Union Experience Accountancy Singapore Management University, 60 Stamford Road 19 Sep- 20 HRSingapore Strategic Hotel Phoenix Sep Negotiation Skills 9.00am 20 Sep IPOS 4th Europe Asia135 words
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Advertisement26 2006-09-18 20 V ticketing systenti^^^^H 1 backup system .Jr Br vC fc—* 1 I Switch to Save Get 10 months'free hosting when you to Webvisions. More offers http://webvisions.com/ten/26 words
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Advertisement203 2006-09-18 20 Internationally Renowned Speaker VHB Professor Victoria Dalko (PhD, University of Pennsylvania) At age 27, Prof Dalko was promoted as Hungary's Chief of Staff of the Committee of Budget, Taxes Finances, and was the Hungarian National Bank's principal advisor until she emigrated to earn her PhD from the University of Pennsylvania.203 words
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Advertisement61 2006-09-18 20 WELCOME ALL DELEGATES FOR THE IMF I AND 1 WB MEETINGS I CD f We offer 30% off on all our stocks of Finest Oriental r Carpets with door to door shipping I service worldwide 5 Free Limo service will be provided for appointments Contact: Mr. Jan Jan Oriental Carpets61 words
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AVIATION/SHIPPING
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369 2006-09-18 21 Box volume in Aug rises 11.3% as mainland exports touch record high Bloomberg [HONG KONG] Hutchison Whampoa, PSA International and other operators at Hong Kong's port handled, more containers for the seventh straight month in August, boosted by China's record exports. Cargo volume atBloomberg - 369 words
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Article, Illustration502 2006-09-18 21 AFP [PARIS] Leading European aerospace companies began working together on an airline security project in 2004 and are making progress with systems to help produce the first hijackproof plane. The SAFEE project, which stands for Security of Aircraft in the Future European Environment, aims toAFP - 502 words
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222 2006-09-18 21 Bloomberg [JAKARTA] Indonesian shipping companies plan to buy as many as 15 vessels, each valued at US$27 million, to meet an expected rise in demand to transport coal in 2009, the Indonesian National Shipowners Association said. The companies hope to transport an estimated 40Bloomberg - 222 words
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234 2006-09-18 21 AP [HAVANA] Panamanian President Martin Torrijos said on Saturday he is confident a proposed US$5.3 billion expansion of the Panama Canal will be approved in an upcoming referendum. "The possibilities are overwhelmingly in favour of an approval," Mr Torrijos told The Associated Press.AP - 234 words
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180 2006-09-18 21 Reuters [DUBAI] Dubai-based airline Emirates said on Saturday it had the option to cancel its order for Airbus A3BO, estimated at US$l3 billion, but has not considered the option yet. A delay of up to seven months for the A3BO announced in JuneReuters - 180 words
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Article2129 2006-09-18 21 CITY FLIGHT ETA FLIGHT ETC SQ143 1535 SQ146 1640 GA840 1640 GA841 1755 AlmMabi SQ455 1135 SQ456 1300 Adelaide LH9771 1750 AF8088 2215 h f a :*^S 5Q230 1750 BA7382 2215 Doha QR638 1345 QR639 0745 AF8087 1850 Of82 2215 Oubai MS9493 0735 EK405 0210 BA73812,129 words
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Page 21 Advertisements
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Advertisement32 2006-09-18 21 BKBBwlfiflMlllßß Join us for lunch and product updates atAmara Singapore on 19 Sept 2006, Tuesday. Email team_sin@softship.com or call 6227 2497 for more event details. LUNCH ON US! RSVP to confirm attendance32 words
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Page 21 Miscellaneous
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Miscellaneous207 2006-09-18 21 CRYPTIC CROSSWORD 11 Gets help denied (8) 12 Haphazard drive-a smash (6) jH| JH6 BJ| Jg| MB jß| j9R 14 Setter would put in hint to j 18 State refining African oil (10) > Nfi BB ffi w 22 Aristocrat? The French are, say, more aristocratic (6) 23 Journalists on207 words
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MALAYSIA
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Article, Illustration632 2006-09-18 22 S JAYASANKARAN - MALAYSIA INSIGHT It improved by 3.5% since dollar delink while other regional currencies made better gains S JAYASANKARAN KL Correspondent SINCE it was freed from its peg to the US dollar last year, the Malaysian currency has strengthened by around 3.5 per cent against the632 words
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Article397 2006-09-18 22 [KUALA LUMPUR] Malaysia's biggest pension fund, the Employees Provident Fund (EPF), may raise its bid for Rashid Hussain Bhd (RHB) shares held by Utama Banking Group Bhd (ÜBG), sources told Malaysia's Business Times. This comes after the EPF's initial offer was rejected by ÜBG,397 words
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Article, Illustration566 2006-09-18 22 Bernama [KUALA LUMPUR] Analysts are generally in favour of QSR Brands Bhd's move to increase its stake in cashrich KFC Holdings Malaysia Bhd (KFCH) from 32.83 per cent to 40.43 per cent to protect its interest as well as that of itsBernama - 566 words
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321 2006-09-18 22 GLCs as well as private investors decline to invest in govt-financed fund AFP [KUALA LUMPUR] A multi-million dollar biotech venture capital fund mostly financed by the Malaysian government got off to a slow start, with little interest from investors, a report said.AFP - 321 words
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BRIEFLY ASIA
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49 2006-09-18 22 Bloomberg [SINGAPORE] Infosys Technologies Ltd, India's second-biggest software firm said it plans to double the number of its workers in China to 1,000 this year. Tata Consultancy Services Ltd. plans to increase the number of employees in China to 5,000 by 2010.Bloomberg - 49 words
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53 2006-09-18 22 Bloomberg [HONG KONG] Kerry Properties Ltd, a Hong Kong-based builder said first-half profit surged 25 per cent on a one-time gain from the sale of a stake in an office building. Net income jumped to HK$l.99 billion (*****.9 million) from HK$l.6 billion aBloomberg - 53 words
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Article55 2006-09-18 22 AFP [BEIJING] In yet another corruption scandal in central China, the vice-governor of one of the nation's poorest regions has been dismissed for graft and is awaiting trial. He Minxu was dismissed from his duties as Anhui province vice-governor and provincial parliamentarian by theAFP - 55 words
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57 2006-09-18 22 Reuters [MUMBAI] Yahoo, Google or Amazon.com could buy a controlling stake in Indian gaming firm Indiagames from majority owner Tom Online, the Economic Times said. "Tom Online is open to a complete exit at an appropriate value but is not in a hurry toReuters - 57 words
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40 2006-09-18 22 Reuters [SHANGHAI] Pudong Development Bank, Citigroup's partner in China, said on Saturday that staff at a sub-branch in the city of Nanjing had improperly managed customers' funds totalling over 73 million yuan (5514.5 million). —ReutersReuters - 40 words
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57 2006-09-18 22 Reuters [SHANGHAI] China's securities regulator (CSRC) approved three more foreign institutions to take part in the Qualified Foreign Institutional Investor programme. They are Schroder Investment Management Ltd, part of the Schroders pic group, HSBC Investments (HK) Ltd, part of the HSBC Holdings group,Reuters - 57 words
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Article3034 2006-09-18 22 Transaction date: Sep IS For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONGKONG Vol Dfnglntnl Power Gene ...5.35 0V4 6286 HK$ 'ooo Denway Motors 2.79 unch ***** Digital China .3.02 0.02 1859 Aeon Credit 5.95 unch3,034 words
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GREATER CHINA/INDIA
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565 2006-09-18 23 JANE MOIR - Shareholders left powerless by 'antiquated' systems: report By JANE MOIR in Hong Kong SHAREHOLDERS in Asian companies are often left powerless by the way votes are conducted at general meetings, the findings of a leading corporate governance watchdog show. A particular worry565 words
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Article, Illustration380 2006-09-18 23 Reuters [COONOOR, Indial India, the world's biggest producer and consumer of tea, will launch a 47 billion rupee (SS$l.6 billion) fund in November to help with the replanting of older estates, the junior trade minister said on Saturday. TheReuters - 380 words
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Article, Illustration77 2006-09-18 23 [HONG KONG] One year on. Hong Kong Disneyland continues to attract not only young but also elderly visitors like this pair wearing Disney hats. The duo were among people who joined the theme park's first anniversary celebrations last week. To mark the occasion, park vice-president andAFP - 77 words
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346 2006-09-18 23 Reuters [SINGAPORE] Bank of America plans to issue a joint Chinese credit card with partner China Construction Bank in which Singapore investment company Temasek Holdings has a stake, next year, as part of an Asian expansion plan that will increaseReuters - 346 words
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440 2006-09-18 23 PRIYANKA BHARDWAJ - By PRIYANKA BHARDWAJ in New Delhi MUMBAI is intended to turn into an Indian version of vibrant Shanghai with the clearance by the federal and Maharashtra government of a 600 billion-rupee (Ss2o billion) infrastructure development plan for the Indian financial capital.440 words
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449 2006-09-18 23 Reuters [HONG KONG] China Merchants Bank, the country's sixth-largest lender, raised US$2.4 billion as its initial Hong Kong share sale was priced at the top of its indicated range amid strong demand, a source familiar with the situationReuters - 449 words
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Page 23 Advertisements
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Advertisement113 2006-09-18 23 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff113 words
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ASIA-PACIFIC/WORLD
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888 2006-09-18 24 ANDREW MARKS - WALL STREET INSIGHT Market expected to maintain its momentum if Fed continues to take no action on rates this week By ANDREW MARKS in New York AUTUMN may be only a week away, but on Wall Street it feels more like Spring is888 words
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484 2006-09-18 24 But it can solicit other proposal; during next 50 days Reuters [NEW YORK] Chip-maker Freescale Semiconductor Inc said on Friday it had agreed to be bought for US$l7.6 billion, or US$4O a share in cash, by a private equity consortium led byReuters - 484 words
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Article, Illustration61 2006-09-18 24 [MUNICH] Visitors riding a white-water roller coaster on Saturday during the opening day of the Oktoberfest beer festival in Munich, southern Germany. Organisers of the world's largest folk festival, which runs until Oct 3. expect up to six million visitors to enjoy Bavarian beer in huge tentsAFP - 61 words
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300 2006-09-18 24 Reuters [WASHINGTON] The United States could bring additional trade cases against China in areas ranging from financial services to intellectual property rights, but would prefer to, solve disputes through negotiation, the top US trade official said on Friday. "We would rather not resortReuters - 300 words
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581 2006-09-18 24 NEIL BEHRMANN - Measures needed to prevent hedge fund failures, market volatility By NEIL BEHRMANN in London WITH hedge funds having become so influential in global financial trading, central banks are calling for institutions participating in the markets to set up innovative risk controls. At a581 words
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373 2006-09-18 24 Merger would give drug giants a pipeline of medicine for cancer, HIV and Hepatitis C Bloomberg [FRANKFURT] Rristol-Myers Squibb Co, which fired its chief executive officer this week, may be targeted for takeover by Schering-Plough Corp or French drugmaker Sanofi-Aventis SA, analysts said. Schering-PloughBloomberg - 373 words
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Page 24 Advertisements
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Advertisement9 2006-09-18 24 n; I to seek business I I opportunities I9 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration757 2006-09-18 25 RUCHIKA TULSHYAN - Private equity investing has the potential to deliver outsized returns but carries enormous risk and requires large sums of capital. It's not for the faint-hearted, as RUCHIKA TULSHYAN finds out RUCHIKA TULSHYAN PRIVATE equities are serious business. With significant initial investment, risky and often slow returns757 words
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Article, Illustration807 2006-09-18 25 RUCHIKA TULSHYAN - CAMPUS LIFE Seize it like Yeo Zhi Aik did, RUCHIKA TULSHYAN finds out how he landed a chance of a lifetime RUCHIKA TULSHYAN YEO Zhi Aik, 24, may look like your average young university student. But less than six months ago he was managing US$BOO million worthARTHUR LEE - 807 words
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Page 25 Advertisements
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Advertisement251 2006-09-18 25 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have251 words
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Article11130 2006-09-18 26 STRAITS TIMES INDEX STOCKS Stock name wt Close Change Stock name Wt Close Change Stock name Wt Close Change Allgreen 0.32 1.460 Hyflux 0.35 2.300 -0.030 STEngg 1.82 2.960 +0.010 Axendasrcit 1.04 2.090 -0.010 JMH 3.12 17.900 -0.100 STATSChP 085 1020 BILIntl 0.41 1.440 JSH 2.32 11.500 +0.10011,130 words
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Article6161 2006-09-18 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy %yr Sep 15 Index Change Change Change Change Change Change The World Index Preliminary 1017.6 0.2 5.0 0.2 2 6 -0.1 7.8 t EAFE Pretiminaty 1020.5 0.1 4.9 -0.2 5.3 -0.56,161 words
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Advertisement1653 2006-09-18 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG lAX/VCW/MZL STX PO TBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia A Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT ADDU STAR JDH/AQA Loads1,653 words
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Advertisement537 2006-09-18 28 lINTIRASIA RORO SERVICE ypsa/voT umn) hbghtw mo hch la j sw I jkt OtOMO EXPRESS 74 50 4.5 21/04 STUin*omjKi»/w 15 3.2 04/10 07/10 |smirsvßmiK?i/ot is 3.2 25/10 31/10 03/11 os/n [AUSTRALIAN RORO SERVICE vßsa/vor [Mwroo) hbghudl to 1 m m syp mr mm m 1 s» 1 1a DKSOOI/54537 words
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Advertisement1541 2006-09-18 29 WAN HAI INTERNATIONAL PTt LTD CR NO **********0/R V- "l TEL *****588 (14 LINES) FAX: *****163 X \M\IA|AIJ UA I I lIJCC Customer Service/Bookngs Direct Line (1800) *****200 V I VVnll lIHI LlllLJ HQ. 1H:|03)i*****88 FA* (03) *****288 PWIH:(O«)22M«OOfIUL(O4H»6B99 V JOHHL (07) 25)1923 NUb (07)*****21 SIR 1H: (031) *****75 FAX:1,541 words
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Advertisement1114 2006-09-18 29 tT) EASTERN CAR LINER, LTD W 1 I SPECIALIZE IN ROKO A HEAVY UFT UPTO 450 TOHS~~| INTRA-ASIA Stltyig VQY ley Uftiag SIN Tff PKI(M> I PKLfW) 1 PWI JKT SU* iq RHRI ITU 1 INCHOW~ BRILLIANT PESCADORES 13 *0 21/09 22/09 2S/09 27/09 DEW! PAJCWATI 11-50 23/09 2S/09 21/091,114 words
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Advertisement825 2006-09-18 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKSft VOT SIM PJOANG COLOMBO N.SHEVA gUjgO HOWKAH IKIDGt OOSSW 12SEP 13 SEP 16SEP USEP USEP KOTA ftIWHA YPWWI I9SEP 20 SEP 23 SEP 26SEP 30 SEP IMOIKA GAWPHI OIO7W 26 SEP 27 SEP 30 SEP 03825 words
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Advertisement811 2006-09-18 30 F%3t Nordana (Asia) Pte Ltd STZ' BS9 70 Shmton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VtSStL VOY Skwopore Frewoatle Cows Itkwd Christians Islowd Pasif Gadoaa Mind bmrt» \M I I Ilia \m x M I811 words
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Advertisement721 2006-09-18 30 -Vissa VOY SJN PCU SIN JKT PACIANDA IBI9N ***** 16/09 PAC MKTAM 9364 ***** 20/09 M um 1775? II7W MiUKTAN 9355 H7W J77W mm 1»21N T9759R7W ncmui TO? smu W7TS lAIAMIAYAI W4N 26/64 11/69 j PMHffAll 9167 61/10 11/10 Tab ah -iHfara ffil IST Bk PMWPAT MOW j#W gf/TB FiaSKS*721 words
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Advertisement464 2006-09-18 30 CONVENTIONAL SERVICE ETA SIN LOADING FOR 26 SEP CHENNAI 18 SEP MALE, COLOMBO 26 SEP DUBAI, PAMMAM 03 OCT CHENNAI, BOMBAY FmILORYNAVIGATIONIROUpI SIMCI 1970 I OWNS A OPERATES THE YOUNGEST FLEET WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING THE ENTIRE ASIA PACIFIC PORTS REGULAR WEEKLY SERVICES: KAOHSIUNG A CHINESE PORTS,464 words
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THE BUSINESS TIMES SHIPPING TIMES
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6335 2006-09-18 31 This ETA ETA Advtrtker Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number SIN Dest'n Name Nam* Number Number MMMMMMMMNMMHnMMMHHNMHHNnNHnNMHnNHNNPINHi 05/10 26/10 China Shpg MERIAN 033A *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire 25/09 01/11 Delmas DELMAS FORBIN6,335 words
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BizIT
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Article, Illustration828 2006-09-18 32 AMIT ROY CHOUDHURY - Security software market here likely to be worth US$37.6m this year, writes AMIT ROY CHOUDHURY writes AMIT ROY CHOUDHURY WHEN it comes to protecting IT networks, companies in Singapore prefer to engage large well-estab-lished security software vendors rather than smaller playersSource: DC - 828 words
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Article, Illustration369 2006-09-18 32 WINSTON CHAI - By WINSTON CHAI LIEN Siaou-Sze, one of Asia's most prominent businesswomen and the regional head of a key business unit at HewlettPackard (HP), has decided to hang up her power suit after nearly three decades with the IT giant. According to369 words
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<what's new>
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Article, Illustration76 2006-09-18 32 LG Electronics has unveiled the KGBIO (above), an ultra-thin handset just 14.6 mm thick. Weighing 86 grams, the clamshell phone sports a touch-sensitive keypad on the front which lets users access its music player without flipping it open. It also sports other multimedia functions76 words
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79 2006-09-18 32 STARHUB has sealed an exclusive tie-up with Microsoft to offer the software giant's new Windows Live Messenger on i-mode-enabled phones in Singapore. The operator's i-mode services allows consumers to access content and services like news updates and Internet banking through their handsets. The mobile79 words
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67 2006-09-18 32 LINKSYS has launched the CIT3OO, a new offering which allows consumers to make calls through the Internet as well as regular phone lines. It includes a wireless handset, a charger and a USB base station which plugs directly into the user's computer. Once connected, it67 words
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95 2006-09-18 32 WINSTON CHAI - Compiled by WINSTON CHAI SONICWALL has introduced E-mail Security Version 5.0, the latest upgrade to its e-mail and anti-spam product. It guards against high-volume e-mail attacks with features like denial-of-service protection and a manual IP (Internet Protocol) firewall. In addition, it features enhanced anti-spam functions95 words
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Article179 2006-09-18 32 AP [BEIJING] Chinese law enforcement agencies have destroyed nearly 13 million pirated compact discs, digital video discs and computer software in the government's latest campaign to curtail rampant theft of intellectual property, state media reported. The items destroyed on Saturday were confiscated in the firstAP - 179 words
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Article, Illustration856 2006-09-18 32 KENNETH JAMES - An industry power struggle is souring the exciting potential of next-generation blue-laser DVDs, writes KENNETH JAMES KENNETH JAMES FIRST the good news. The next generation of movie DVDs, using blue-laser technology to deliver cine-ma-quality video and sound, has arrived; and boy do these new high-definition856 words
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Article, Illustration633 2006-09-18 33 ROLAND LIM - Printing less more growth at Lexmark Printer firm which has moved Asia-Pac HQ to S'pore boosts its ops in region By ROLAND LIM TO BATTLE the fierce competition in the printing market, printer vendor Lexmark International has a growth strategy that runs contrary to popular thought: it helps its customers633 words
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Article670 2006-09-18 33 YVES DEHOUCK - <you say> S'pore could well be the next kingpin as the digital design cycle moves into 3D By YVES DEHOUCK SINGAPORE'S vision to become a global digital studio, combining both production and regional business responsibilities, has been given a recent big boost by the Economic670 words
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310 2006-09-18 33 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY SINGAPORE Telecommunications (Sing Tel) has opened a $1 million business solutions centre at its Comcentre premises where the company can give practical demonstrations of integrated communications solutions tailored for the needs of different industries. The centre has specific solutions meant for310 words
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600 2006-09-18 33 [LONDON] George, who is 39, single and lighthearted, is looking for friends on the Internet. He has gifts the ability to speak in 40 languages and with 2,000 people at the same time. And one quirk: he doesn't really exist. George600 words
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<what's up>
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Article, Illustration59 2006-09-18 33 ENTERPRISE software maker Sybase has appointed Tan Teng Cheong (above) as its new country manager of sales operation in Singapore. Mr Tan will oversee all business development efforts and manage the company's subsidiary here. An IT industry veteran of more than 16 years, he59 words
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Article87 2006-09-18 33 THIRTY-SIX students from local tertiary institutions have received the National Infocomm Scholarships from the Infocomm Development Authority of Singapore (IDA). According to the IDA, this is up from the 20 scholarships it handed out last year. This time round, the regulator received 567 applications, four87 words
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81 2006-09-18 33 THE National University of Singapore's Entrepreneurship Centre will be holding the Global Wireless .Venturing Forum 2006 at the Suntec Convention Centre from Oct 30-31. The event serves as an annual platform to showcase the world's leading wireless innovations and business ventures. It will incorporate81 words
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67 2006-09-18 33 CANON will showcase its latest printing technology and products at a two-day event on Sept 21 and 22. To be held at The Fullerton hotel, Canon Bright Answers 2006 will feature demonstrations on how businesses can better manage their workflow, as well as printing67 words
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76 2006-09-18 33 WINSTON CHAI - Compiled by WINSTON CHAI NETWORKING gear maker SMC Networks has appointed Convergent Systems as its new distributor in Singapore. According to SMC. Convergent has a strong footing in the retail and systems integrator distribution channels. This will allow SMC to branch into the enterprise market76 words
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Page 32 Advertisements
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Advertisement9 2006-09-18 32 YOU SAY Morphing from pencils to pixels PAGE 339 words
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Page 33 Advertisements
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Advertisement32 2006-09-18 33 ProCurve Networking HP Innovation The Adaptive Network Designed to flex in completely new ways I Adaptive Edge Architecture™ for secure, mobile arid converged networks ■r Discover the advantages, visit www.procurve.com.sg m i32 words
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BT-IBM ROUNDTABLE
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Article, Illustration2686 2006-09-18 34 INNOVATION THAT MATTERS Our roundtable participants find that public organisations today innovate in ways which most would never have imagined OVERVIEW THE traditional view of governments and the public sector is one of behemoths mired in bureaucracy. But that perception is rapidly changing, with organisations in2,686 words
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