The Business Times, 5 January 2007
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2007-01-05
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The Business Times
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Title Section22 2007-01-05 1 THE BUISNESS TIMES Friday, January 5,2007 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/200622 words
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Article, Illustration1071 2007-01-05 1 MATTHEW PHAN - Offerings this year expected to include Reits, international companies, more medium-size floats of about US$500m By MATTHEW PHAN [SINGAPORE] The piping hot Singapore market for initial public offerings will continue to sizzle this year, with a mixture of Reits andSource:SGX - 1,071 words
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482 2007-01-05 1 WINSTON CHAI - Job spinoffs as it acts to move closer to suppliers By WINSTON CHAI [SINGAPORE] Computer giant Dell is to move more of its global supply chain management and manufacturing operations to Singapore this year, which is expected to lead to hundreds of482 words
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Page 1 Advertisements
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Advertisement58 2007-01-05 1 Ceo Pay What's a good and clear way to present how an v (insurance) fund is doing? Many times the problem isn't ttj so much transparency but mm the poor performance of with-profrts funds. Prudential pic chairman David Clementi speaks his Jray mind on risk, return and the 'slow cause'58 words
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Advertisement14 2007-01-05 1 Art sails the high seas Chopard Illlllllll 8 ******1 *****4 Markets Digest, Page 314 words
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Advertisement8 2007-01-05 1 HEuVIB J top-end brands HiHi■MlllfliaillßiaH China CASINO SUJTS8 words
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TOP STORIES
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610 2007-01-05 2 Revisions clarifying ambiguous rules to be sent to Cabinet next week Reuters. Bloomberg [BANGKOK] Revisions aimed at clarifying Thailand's ambiguous foreign ownership rules will be sent to the Cabinet next week. Commerce Minister Krikkrai Jiraphaet said. Companies would be given time to adjust theirReuters.; Bloomberg - 610 words
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Article, Illustration629 2007-01-05 2 CHUANG PECK MING - Net sales of Asian securities hit US$6b in Q3 last year By CHUANG PECK MING [SINGAPORE] American investors have been unloading their huge holdings of. Asian stocks and bondk including those listed in Singapore as prices in the region's markets have surged, accordingJOHN HENG - 629 words
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Article469 2007-01-05 2 PMIdipsin Dec but demand remains high THE purchasing managers' index dipped last month although demand was apparently high, with the new orders sub-indices rising to new levels. After hitting a 27-month high in November, the PMI lost 1.2 points to 53.4 in December. TOP STORIES, PAGE 3 CityDev's469 words
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Article, Illustration413 2007-01-05 3 UMA SHANKARI - Agents ask buyers for blank cheques to get choice units By UMA SHANKARI [SINGAPORE] Apartments in City Developments' newest condominium, One Shenton, are likely to go for between $1,500-$2,500 per square foot (psf) during its expected soft launch today,413 words
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Article, Illustration428 2007-01-05 3 ANNA TEO - Electronics new orders reading of 59.9 is highest since Oct 2003 By ANNA TEO [SINGAPORE] The purchasing managers' index (PMI) dipped last month although demand was apparently high, with the new orders sub-indices rising to new levels. After hitting a 27-month highSource: SIPMM - 428 words
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Article132 2007-01-05 3 ST! 3,023.80 (-13.94) ST INDEX FUTURES 3,029.00 (-15.00) SIMSCI 369.38 (-1.66) SIMSCI FUTURES 368.00 (-3.40) MARKETS Thursday Change KLCOMP 1,118.18 +1.09 NIKKEI 225 17,353.67 +127.84 HANG SENG 20.025.58 -387.81 SET INDEX 648.22 -11.03 JAKARTA COMP 1,824.10 -10.61 MANILA COMP 3,012.74 -7.96 SEOULCOMP 1,397.29 -12.06 SHENZHEN B 440.61 +7.29132 words
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Page 2 Advertisements
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Advertisement117 2007-01-05 2 Since 1986, Pere Ocean has pioneered the bulk bottled water industry in Singapore. Wholly Singaporean-owned, we have been refreshing Singapore for 20 years with our own Fresh Naturall Mineral Water. Having won the Singapore Promising Brand Award 2006, we want to thank all who have supported us. ©Resources Privateßankin s117 words
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Advertisement29 2007-01-05 3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asia1 .com.sg. For more information, e-mail btocs@sph.com.sg orcall 6388-3838.29 words
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Advertisement100 2007-01-05 3 WW.tC World-Wide Time Control Hours of the world perpetual calendar Pink gold case, GIRARD-PERREGAUX self-winding mechanical movement, sapphire back GP GIRARD-PERREGAUX I MANUFACTURE DE HAUTE HORLOGERIE DEPUIS 1791 FJ BENJAMIN Exclusive Distributor and Service Centre Tel: +65 6737 3786 Website: www.fjbenjamin.com Available at all authorised retailers: CORTINA WATCH ESPACE Millenia100 words
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COMPANY NEWS
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Article, Illustration448 2007-01-05 4 WONG WEI KONG - It places out 120 m new shares at 1.9 Australian cents By WONG WEI KONG LOCAL biotech firm Rockeby biomed, which is planr ning again to get a listing on the Singapore Exchange (SGX) after having been rejected four years ago,FILE PHOTOS - 448 words
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707 2007-01-05 4 MICHELLE QUAH - HOCK LOCK SIEW By MICHELLE QUAH XPRESS Holdings' latest announcement on the Accounting and Corporate Regulatory Authority's refusal to grant it an extension of time to get its accounts audited and hold its annual general meeting may well raise many questions for shareholders. There could707 words
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Article, Illustration427 2007-01-05 5 CHUANG PECK MING - But sell shares in open market if price is higher By CHUANG PECK MING THE voluntary unconditional offer by CK Tang's chairman and his brother in a bid to take the homegrown retailer private is an "exit opportunity" for shareholders wanting427 words
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373 2007-01-05 5 WEE LI-EN - It also says its CPO Futures Contract is targeted for launch in first quarter By WEE LI-EN JOINT Asian Derivatives Exchange (Jade) has beefed up its management team, appointing Benjamin Foo, head of Singapore Exchange (SGX) Clearing and Commodities Business, as its chief373 words
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Article, Illustration542 2007-01-05 5 CONRAD TAN - Deal to give significant boost to sales performance By CONRAD TAN ASIAPHARM Group has bought a specialty pharmaceutical group in Nanjing for 345 million yuan (Ss69 million) in a deal which is expected to give an immediate boost to its financial performance. TheYEN MENG JIIN - 542 words
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590 2007-01-05 5 CONRAD RAJ - By CONRAD RAJ INDUSTRIAL fishing specialist China Fishery Group (CFG) has entered into its third vessel operating agreement (VOA) through wholly owned subsidiary China Fisheries International Ltd. Three supertrawlers, which have rights to fish in the North Pacific Ocean, are being leased for590 words
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Article299 2007-01-05 7 China Motion to buy GPILforHK$240m CHINA Motion Telecom International said it entered an agreement last Tuesday to buy Grand Promise International Limited (GPIL) for HK$240 million (S$47.3 million). Half of the acquisition will be paid in cash and the rest via share issue. GPIL's sole investment is a299 words
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Article, Illustration338 2007-01-05 7 DONALD URQUHART - Shipyard group reaps bonuses for early completion, safety record By DONALD URQUHART [SINGAPORE] Record vessel newbuilds and conversions totalling nearly $2 billion were the hallmark of 2006 for Singapore's largest shipyard group as Keppel Offshore Marine reaped both early completion and safety bonuses338 words
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331 2007-01-05 7 CHUANG PECK MING - By CHUANG PECK MING MEDIA company Sun Business Network (SBN), which reached an agreement to buy Maestro Mind International last month, has struck a new deal to purchase the holding company which owns 95 per cent of PT Monstermob Indonesia, a331 words
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394 2007-01-05 7 UMA SHANKARI - By UMA SHANKARI MAN Wah Holdings has bought back 23 of its 131 franchise stores in China for HK$3.6 million (*****,000), in a move that shifts the furniture maker's presence in the country from a pure franchise model to a394 words
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Advertisement251 2007-01-05 4 mi n«*iwiiinmni pun itn m»n i« iT««m ihi 1 -.jr Li** 1 1'liWHiiiUiii 111, MMJUPH.I" IMfculll "i fHpt K i novm* M—IW.I »> IHi They help Ihigh quality products. requires BH| skilled workers to deliver high quality mttKm products. That's why we ensure the skills ■LraHHn and experience of our251 words
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Page 5 Advertisements
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Advertisement168 2007-01-05 5 I Clariden Leu j x Clariden Leu: The name stands for the tradition and innovative spirit of the four Swiss private banks Clariden, Leu, Hofmann and BGP, as well as Credit Suisse Fides. In joining forces, they will continue to guarantee the first-class service their private clients all over the168 words
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SINGAPORE MARKETS
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Article, Illustration514 2007-01-05 6 R SIVANITHY - STOCKS Stock's performance mirrors the ST Index's climb and volatility in recent weeks R SIVANITHY Senior Correspondent YOU have to admit there's an odd but nonetheless appropriate sense of irony of having the shares of a company which makes money through gambling as the mainSource: Bloomberg - 514 words
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Article, Illustration693 2007-01-05 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 4 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Shr S C000) C000) Linair Tech 4-Jan-07 Linair Hldgs PL Buy 200 na 26S10 30.69 ***** 30.46 LinairTech 4-Jan-07 Oh693 words
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Article, Illustration927 2007-01-05 6 MATTHEW PHAN - Compiled by MATTHEW PHAN Plastoform Holdings Jan 4 dose: 550.23 UOB KAY HIAN, Jan 3 Big business in small speakers: Plastofonn designs, develops and manufactures compact high-perfor-mance speakers for computing, mobile and multimedia devices. A key OEM (original equipment manufacturing) customer is Minebea Group, which in turn supplies toSource: Bloomberg - 927 words
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Article, Illustration517 2007-01-05 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar staged an impressive comeback overnight yesterday on news of strong US manufacturing sentiment and weak commodity prices, brushing aside a much weaker than expected preview of key US job numbers due out later this evening. ADP,Source: Reuters - 517 words
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Advertisement458 2007-01-05 7 T\m time watch investments limited I VZ/ (Formerly known as Wee Poh Holdings Limited) Watch Investments Ltd (Incorporated in the Republic of Singapore) (Registration No.: *****2355R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Time Watch Investments Limited (the "Company") will be held458 words
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Advertisement2126 2007-01-05 7 rm \A/C A DMPQ WBL Corporation Limited VVLnnI)ILJ coregno. *****0028Z Enabling Solutions NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 92nd Annual General Meeting of the stockholders of WBL Corporation Limited will be held at 65 Chulia Street #50-00,0CBC Centre, Singapore *****3 on Tuesday, 23 January 20072,126 words
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SINGAPORE NEWS
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Article, Illustration448 2007-01-05 8 VINCENT WEE - They also welcome Swee Say as the new NTUC head By VINCENT WEE ACCOLADES are flowing in for outgoing National Trades Union Congress (NTUC) secretary-general lim Boon Heng for his key role in forging strong tripartite relations over the years. MinisterFILE PHOTO - 448 words
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Article, Illustration451 2007-01-05 8 WEE LI-EN - Subordinate Courts' new website also allows payment of parking fines By WEE LI-EN PEOPLE who commit minor traffic or parking offences will now be able to plead guilty online by using the Subordinate Courts' new website from home or indeed anywhere in theARTHUR LEE - 451 words
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515 2007-01-05 8 RAVI KANTH - By RAVI KANTH in Geneva SINGAPORE'S Infocomm Development Authority offers "one of the best regulatory models in the world" for countries wanting to play catch-up in embracing new convergence technologies, according to Hamadoun Toure, the new secre-tary-general of the International515 words
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Article205 2007-01-05 9 Commemorative CashCard for charity THE Network for Electronic Transfers (Nets) has designed a commemorative Combi CashCard for the Children's Cancer Foundation. The contactless CashCard, which has no stored value, can be obtained at the foundation's main office for a minimum donation of $7. In addition, Nets will donate205 words
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Article, Illustration567 2007-01-05 9 MATTHEW PHAN - Previous CPF cuts had negated tax reductions for this sector: Citigroup By MATTHEW PHAN SINGAPORE'S economic restructuring over the last few years may have failed to flow through to middle class wages, Citigroup economist Chua Hak Bin said yesterday. But he thinks that the567 words
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Article, Illustration428 2007-01-05 9 AFP [POLEWALI, Indonesia] US and Singapore military planes were yesterday set to join a massive air, land and sea search for a missing Indonesian passenger jet with 102 people on board. The Adam Air Boeing 737-400, with 96 passengers andAFP; AP - 428 words
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Page 8 Advertisements
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Advertisement11 2007-01-05 8 Norton Rose is pleased to announce the relocation its singapore office11 words
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Advertisement167 2007-01-05 9 I% I I I I A m I I I W I W "T B I m X I W| tbl m. TT 1.1 W yßHalEfe 3-.j& Jtkm JPL JKu JLm Jtbmamt «JHk» S~\ f\ +r A I m I 9 I mB^BKI^^HMBHH^BHffiMenBiMHBBB^^9S»^^i an electronic components and computer products distributor,167 words
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ECONOMY WATCH
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342 2007-01-05 10 US$314b investment is about 25% of US$1.3t oil exporters invested globally in 2003-06 Reuters [NEW YORK] The United States was the single biggest recipient of investments from oil exporters in the past three years, according to a Federal Reserve Bank of New York (NYReuters - 342 words
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373 2007-01-05 10 Reuters [SINGAPORE] Oil prices held around USSSB yesterday, after falling 4 per cent a day earlier as mild US weather curbs fuel consumption. The drop reflected the lack of fund interest as investors appeared to favour equity markets and as other commoditiesReuters - 373 words
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354 2007-01-05 10 However, they all agreed inflation was main concern Reuters [WASHINGTON] US Federal Reserve officials agreed at their meeting last month that inflation was the predominant concern, but some felt the "subdued tone" of economic data meant risks to growthReuters - 354 words
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Article, Illustration376 2007-01-05 10 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo JAPANESE Economics Minister Hiroko Ota warned yesterday that personal consumption is "stalling" in the world's second largest economy. She sounded an ominous note to the New Year in an interview with Nihon Keizai Shimbun. provoking speculation in some quarters376 words
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Article1974 2007-01-05 10 Oaner«Cotpn l>t? OOI Ob MtgnrrCorr _JJJ 003 (700 Pwe Industries 041 OOI 77 I*"* Ow«ngeid MA -035 1686 Mah Sing Group Ul -002 472 Oir Brands Bud 340 002 78 A luhA ,M tWUlHWWIi 057 O09 12 454 -OjOI 16 I»WbM 240 -OOI I 5 GNS*4«w6»id 023 cot1,974 words
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Page 10 Advertisements
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Advertisement59 2007-01-05 10 V"' a ft mm nX c Vo^a^*' e ut«* d nsVo^l\\\^e o(>e !!^diii^fllillHlij^^^^^^ MH| Reproduction of SPH material without licence or permit amounts to an infringement ofSPH's copyright under the law. SPH reserves the right to seek full recourse in respect of such an infringement."SPH material" includes all SPH publications:59 words
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MALAYSIA/INDONESIA
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Article, Illustration588 2007-01-05 11 S JAYASANKARAN - Umno's rank and file protest union would affect journalistic identity By S JAYASANKARAN in Kuala Lumpur A PROPOSAL to merge Utusan Melayu and The New Straits Times Press (NSTP) to create a Malaysian media giant is likely to be scrapped following widespread protest fromFILE PHOTO - 588 words
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BRIEFLY ASIA
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94 2007-01-05 11 AFP [BEIJING] Per capita gross domestic product in south China's Guangzhou city is likely to have surpassed US$lO,OOO in 2006, the first major Chinese city to break that mark, state media reported on yesterday. Gross domestic product for the city of seven million inAFP - 94 words
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100 2007-01-05 11 Reuters [MUMBAI] Arcelor Mittal, the world's largest steel maker, has submitted a non-binding bid for a controlling stake in Indian iron ore exporter Sesa Goa Ltd, the Hindustan Times reported yesterday. The paper said Indian companies Sterlite Industries Ltd and iron ore exporterReuters - 100 words
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125 2007-01-05 11 Reuters [HONG KONG] Hutchison Whampoa Ltd is a year behind target in its UK third-generation mobile phone operations and expects its overall 3G business to be cashflow positive in 2008, chairman Li Ka-shing told Forbes. "With 3G, we are facing more competition thanReuters - 125 words
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Article407 2007-01-05 11 AP [KUALA LUMPUR] Sales of new motor vehicles in Malaysia. South-east Asia's biggest passenger car market, are expected to rebound 3.8 per cent this year after a sharp plunge in 2006, a global research group said yesterday. Frost Sullivan projects sales last year droppedAP - 407 words
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191 2007-01-05 11 AFP [JAKARTA] Indonesia will grant tax incentives to 15 industries in a bid to attract foreign and domestic investment, a finance ministry official said yesterday. Director general for taxation Darmin Nasution told reporters that President Susilo Bambang Yudhoyono signed a decree authorising theAFP - 191 words
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366 2007-01-05 11 [KUALA LUMPUR] THE Islamic Development Bank (IDB) is helping Indonesia to set up a US$l.5 billion fund which will invest in infrastructure projects in the country, according to a report in Malaysia's Business Times. The fund could help kickstart big-ticket366 words
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Page 11 Advertisements
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Advertisement695 2007-01-05 11 S3 SELECT CATERING SERVICES UMITED (Incorporated in the Republic of Singapore) OCIKCir (Company Registration Number *****0697Z) NOTICE Of EXTRAORDINARY GENERAL MEETING NOTICE 1$ HEREBY GIVEN that an Exkaordinary General Meeting ("EGM") oT SELECT CATERING SERVICES LIMITED (the -Company") will be hekl at 18 Croat Street •08-01 Marah t McLennen Centre.695 words
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INDIA
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408 2007-01-05 12 Its decision will largely hinge on prices and demand outlook: analysts Economic Times [MUMBAI] Tata Steel may not have revealed its next step in the race for AngloDutch steel major Corus just yet, but the uptrend in prices and demandEconomic Times - 408 words
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Article, Illustration363 2007-01-05 12 Reuters [MUMBAI] India's Hinduja group joined Reliance Communications Ltd and Vodafone Group Pic yesterday as a suitor for mobile phone operator Hutchison Essar Ltd in a USsl7-USS2O billion bid battle. Hinduja TMT executive chairman Ashok Hinduja told Reuters the group was unlikely toReuters; REUTERS - 363 words
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269 2007-01-05 12 Bloomberg [SHANGHAI] China's Laiwu Steel Group is in talks with Arcelor Mittal to extend an agreement to sell 38 per cent of its publicly traded unit, Laiwu Steel Corp, to the world's largest steelmaker. Laiwu Steel Group, the nation's eighth-largestBloomberg - 269 words
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Article2890 2007-01-05 12 UNIT TRUSTS FUNDS »47) DWtariMcMipk F«Mtr a;? &!»5?*5i===: !S52! 222£2!& !2?2S2 imn( <>-! a8aZ..«*wAT5GO 13J7? OWSNoorGbEaSaClAUSO 1/ «*»»<■ Kmjgg. *5> SSSSESSKSf Mlififflj ~~~~lj£n«B U Am* nana 8T SGD 1142/ DW5NoorGbEq SetCIiSGO 1/ FAdyMBe taaa8 USD -28 StflKni* U) -W aiMTIBW »daGW>wd 12*2418 ASM Anno Ami Mgt (S pare) Afi Amei2,890 words
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Page 12 Advertisements
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Advertisement12 2007-01-05 12 You can now use your CPF savings to invest i AlluanzGl Global12 words
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GREATER CHINA
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Article, Illustration543 2007-01-05 13 LV Sands chairman accuses Israeli of defamation, seeks damages [HONG KONG] Sheldon Adelson chairman of casino developer Las Vegas Sands Corp and America's third-richest man as ranked by Forbes is suing a former business partner who claims he is owed money byYEN MENG JIIN - 543 words
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312 2007-01-05 13 Bloomberg [SHANGHAI] China's two stock exchanges said they will limit the daily price fluctuations of 40 publicly traded companies, in a move to spur them to complete a government programme to convert state shares into tradable stocks. Shenzhen Development Bank Co, ChinaBloomberg - 312 words
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378 2007-01-05 13 [BElJlNG] China's central bank yesterday began publishing a new benchmark rate for borrowing between banks in an important step towards liberalising interest rates, encouraging more financial derivatives and allowing the yuan to float freely, says a report in the South China Morning Post. The378 words
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466 2007-01-05 13 Bloomberg [BEIJING] Semiconductor Manufacturing International Corp (SMIC) China's biggest chipmaker says it is being targeted by buyout firms, which spent a record on acquisitions last year. Potential strategic investors including private-equi-ty firms have approached the Shanghai-based company, spokesman Douglas Hsiung said. He declined toBloomberg - 466 words
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476 2007-01-05 13 Sector faces rate reform, rapid deposit growth Reuters [SHANGHAI] Big swings in the shares of China's biggest banks yesterday fuelled talk that the sector's spectacular rally in recent weeks might fade as investors reassess the risks hanging over the nation'sReuters - 476 words
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Advertisement157 2007-01-05 13 Diners Club Card r« w /»""64i6098o jj^H A World of Exclusive Privileges Treats Diners Club '"MMclliiotion You can enjoy salads, soups, I I^^Hjjjj^^ sMljy§|, B $6M per glass xHHHHHHB| I $28*** per jug January 2007 I Hoppy hours start from 3pm to Bpm (Mon-Fri) and aU Saturday, Sunday and public157 words
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MIDDLE EAST
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552 2007-01-05 14 Conservationists, fishermen oppose planned govt-led petrochem venture Bloomberg [TAIPEI] A Taiwan company may shift its planned NT$4Ol billion (Ssl9 billion) chemical project to the Middle East because of opposition at home from conservationists and fishermen. Kuokuang Petrochemical Technology Co, a venture ledBloomberg - 552 words
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Article, Illustration464 2007-01-05 14 Reuters [BEIRUT] Lebanon's government has unveiled economic reforms to be presented to an international donors' conference which Beirut hopes will bring financial help to an economy reeling from war damage. The reforms, to be discussed at the Jan 25 conference in Paris, includeReuters; AFP - 464 words
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523 2007-01-05 14 But it raises prices for the medium and heavy oil varieties Bloomberg [RIYADH] Saudi Aramco, the world's largest stateowned oil company, has cut prices of its light crude oil varieties that are to be exported to Asia in February, as diesel and keroseneBloomberg - 523 words
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408 2007-01-05 14 It seeks reply ahead of discussion of affair at meeting this month AFP [LONDON] The Organisation for Economic Cooperation and Development confirmed yesterday that it had written to the British government asking it to explain a decision to halt anAFP - 408 words
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Advertisement1304 2007-01-05 14 f 1 HOTEL ROYAL LIMITED f (Company Registration Number *****0298G) 4% (Incorporated in the Republic of Singapore) p NOTICE OF EXTRAORDINARY GENERAL MEETING f I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting EGM") of Hotel Royal Limited II I (the "Company") will be held at The Royal Suite,1,304 words
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Advertisement1207 2007-01-05 14 In the Matter of The Companjaa Act, Cap. SO THE COMPANIES ACT, CAP. 50 In the Matter of AND IN THE MATTER Of GBL EQUIPMENT PTE LTD E.P.R. HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Co. Reg No *****1860G (Company Registration MEMBERS' VOLUNTARY WINDING UP Mo. 1 At an Extraordinary1,207 words
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ASIA-PACIFIC/WORLD
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Article, Illustration851 2007-01-05 15 OUR CORRESPONDENT - They place Thailand on watch list as confidence in economy fades By OUR CORRESPONDENT in Bangkok THE recent spate of bombings in Bangkok is likely to put Thailand on the watch list of various analysts and rating agencies as confidence in theREUTERS - 851 words
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383 2007-01-05 15 LATEST US DATA AP [NEW YORK] The holiday shopping season turned out to be worse than expected for many of the US retailers, who yesterday reported tepid sales gains for December. As retailers reported their monthly results, disappointments crossed all categories, from Limited Brands IncAP - 383 words
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337 2007-01-05 15 Reuters [SYDNEY] Australian energy retailer AGL Energy Ltd has approached rival Origin Energy Ltd about a potential Asl3 billion (5515.8 billion) tie-up to create the country's biggest gas and electricity supplier. AGL said yesterday that the merger was based on a "nil premiumReuters - 337 words
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289 2007-01-05 15 Company says scientists are smearing its name AP [WASHINGTON] ExxonMobil Corp gave USsl6 million to 43 ideological groups between 1998 and 2005 in an effort to mislead the public by discrediting the science behind global warming, the Union of Concerned Scientists asserted on Wednesday. TheAP - 289 words
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182 2007-01-05 15 AP [NEW YORK] News Corp's proposed business-news network received a huge boost as the channel secured a distribution agreement with Time Warner Inc, the second-biggest US cable TV provider. News Corp, the media company controlled by Rupert Murdoch, has had a business-news cableAP - 182 words
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WORLD WATCH
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Article102 2007-01-05 15 Reuters [SYDNEY] An Australian bank has apologised for issuing a credit card to a cat after its owner decided to test the bank's identity security system. The Bank of Queensland issued a credit card to Messiah the cat when his owner Katherine Campbell applied forReuters - 102 words
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Article54 2007-01-05 15 Bloomberg [NEW YORK] Cisco Systems, the world's largest maker of computer-networking equipment, agreed to buy closely held IronPort Systems for US$830 million to add new security products, said sources. The cash-and-stock purchase adds network e-mail and messaging s»|Curity products to Cisco's network protection business, already theBloomberg - 54 words
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Article51 2007-01-05 15 AFP [TOKYO! Japan's Sony Corp yesterday said it had struck a deal with Eastman Kodak Co of the US to settle a long-running patent dispute in digital photo technology. The two companies have entered a cross licence agreement giving access to each other's patent portfolios. SonyAFP - 51 words
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Advertisement735 2007-01-05 15 PENG KWEE 01-45 A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01 -45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01 53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards735 words
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WORLD
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429 2007-01-05 16 Move in response to protests by media companies and brokerages Bloomberg [NEW YORK] The US Securities and Exchange Commission (SEC) will review a decision allowing equity markets such as the New York Stock Exchange (NYSE) to charge fees for stock priceBloomberg - 429 words
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Article, Illustration107 2007-01-05 16 IN this photo (left) provided by the US Department of Defence, a US Air Force F-15E Strike Eagle pilot and weapon systems officer from the 4th Fighter Wing prepare their aircraftfor take-off at Seymour Johnson Air Force Base in North Carolina on Wednesday. ThePHOTOS: AP - 107 words
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493 2007-01-05 16 Search Endless.com by price, brand, style, size or colour AP [NEW YORK] Amazon.com has launched a separate website for those passionate about buying handbags and shoes, marking the first time the Internet shopping powerhouse has launched a new online brand. Amazon.com quietlyAP - 493 words
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216 2007-01-05 16 Bloomberg [NEW YORK] NYSE Group Inc and Euronext NV will subject the companies they list and the securities firms they do business with to local rules after the two stock exchanges finish their merger, according to a regulatory filing. The US SecuritiesBloomberg - 216 words
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Article, Illustration657 2007-01-05 16 Company to give him US$210m exit package NYT [NEW YORK] In May last year, in a nearly empty basement ballroom at the Hotel du Pont in Wilmington, Delware, Robert Nardelli, the chairman and chief executive of Home Depot, stood between two hugeNYT - 657 words
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582 2007-01-05 16 NYT [WASHINGTON] President Bush is all but daring Democratic leaders to attack his signature tax cuts as they take over Congress. But Democrats, perhaps to his frustration, are having none of it. In an opening salvo on Wednesday, Mr Bush proclaimed thatNYT - 582 words
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Advertisement914 2007-01-05 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF E.C.P.K. ENTERPRISES (PTE) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0359W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 8 Cross Street #17-00 PWC Building Singapore *****4 on the 22nd914 words
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Advertisement6571 2007-01-05 17 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF C-MED PTE LTD (Registration No. *****4249Z) (In Member's Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)) v An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6)6,571 words
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Advertisement195 2007-01-05 17 FORM 55 (Pursuant to Rule 112 of the Companies (Winding Up) Rules) NOTICE OF CREDITORS' MEETING DON HEART PROPERTIES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) INCORPORATED IN SINGAPORE REGISTRATION NO. *****5054W Notice is hereby given that a meeting of creditors in the above matter will be held at One Marina195 words
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AVIATION
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Article, Illustration561 2007-01-05 18 VEN SREENIVASAN - Shareholders to extend $20m loan, which is subject to 6% interest rate By VEN SREENIVASAN [SINGAPORE] Qantas-con-trolled Orange Star has managed to secure the approval of all its shareholders to extend a $20 million facility to the airline group. Chong Phit Lian, the chiefFILE PHOTO - 561 words
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Article, Illustration353 2007-01-05 18 Xinhua [LOS ANGELES] Aerospace companies in California are in a unexpected business boom as giant aircraft builder Boeing takes advantage of the stumbles of arch-rival Airbus to attract more aircraft orders. Workers at a sprawling factory near here, which has been a long-time BoeingXinhua; AFP - 353 words
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363 2007-01-05 18 AFP [HANOI] Vietnam will partially privatise its national airline next year and also sell shares in more than 50 major state-owned enterprises by 2010, the communist government said earlier this week. Vietnam Airlines, one of the most profitable stateowned enterprises (SOEs), will beAFP - 363 words
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LOG BOOK
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135 2007-01-05 18 Xinhua [KATHMANDU] Last year saw a record number of air passengers in the history of civil aviation in Nepal, an official of the Civil Aviation Authority of Nepal (CAAN) said on Wednesday. The number of people travelling by aircraft hit a new highXinhua - 135 words
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86 2007-01-05 18 Bernama [KUALA LUMPUR] Air Asia started its ninth daily flight from Kuching to Kuala Lumpur and Kuala Lumpur to Kota Kinabalu, respectively, yesterday due to strong demand for these key routes. In the past three months, the airline recorded high loads of over 90Bernama - 86 words
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99 2007-01-05 18 Bloomberg [DALLAS] Continental Airlines Inc. the fourth-largest US carrier, said it expects to report a "modest loss" for the fourth quarter. That won't include some special charges, Houston-based Continental said on Tuesday. Last month after Continental released a fourth-quarter investment update, two analysts predictedBloomberg - 99 words
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289 2007-01-05 18 AFP [SYDNEY] Asian airlines will likely reap reduced profits in 2007 as increased competition offsets gains in passenger and freight traffic, a global aviation body said yesterday. The International Air Transport Association (IATA) predicted that the sector would see total profits forAFP - 289 words
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258 2007-01-05 18 Xinhua [BEIJING] Tough competition in the China air travel market in 2006 meant the lowest air ticket prices for passengers in three years. Statistics show that the average price of a ticket for a domestic flight in December was 590 yuan (SSIXinhua - 258 words
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Article888 2007-01-05 18 ott man ha mb tn> 1225 jOwiiggjiJ 0745 Ath—« WW OTO m rai mi »i ISflMf—rm Bm4m| M2900 1140 ~M290T 1245 <S8?B85 j IjS CaptTwni 5Q47B 0215 —>m a; •m as aaa a«w» 1910 MK« M05 2^ W8 I" Hi wirni m m m ihMM«iiCM» "jH888 words
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SHIPPING
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Article, Illustration795 2007-01-05 19 GEORGE JOSEPH - It wants to invest in developing the port in phases to handle 1.5 million TEUs By GEORGE JOSEPH PRIVATELY held Overseas Port Management (OPM), led and managed by several former PSA executives, has proposed to the Yemeni government to turn the795 words
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511 2007-01-05 19 Reuters [NEW DELHI] At least six whales have died since July as a result of digging under the sea to create a shipping route off India's southern coast, proving that the controversial plan hurts the environment, activists said. The digging or dredging is partReuters - 511 words
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322 2007-01-05 19 AP [HONG KONGJ A newly repaired North Korean ship held in Hong Kong for two months for safety violations has been cleared to leave, but it will leave without its cargo, a port official and the ship's agent said yesterday. MarineAP - 322 words
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Article, Illustration183 2007-01-05 19 Reuters [ATHENS] Dockhands at Greece's largest commercial ports on Wednesday ended an eight-week overtime ban which has created a backlog of containers and led to customers moving their business elsewhere. "The end of industrial action was achieved after weeks of negotiations between workers representatives.Reuters - 183 words
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95 2007-01-05 19 Bloomberg [MANILA] International Container Terminal Services Inc, a Philippine port operator, said it has bought 91 per cent of Davao Integrated Port and Stevedoring Services Corp for 338 million pesos (S$10.6 million). The company has a 10year contract to provide cargo handling services at theBloomberg - 95 words
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799 2007-01-05 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR A SAFETY harness that was not fit for purpose and other unsafe working conditions contributed to an Indonesian seaman falling 24 metres to his death while cleaning the bridge windows of the cruise vessel Pacific Sun in Sydney's Darling Harbour799 words
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Page 19 Advertisements
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EDITORIAL & OPINION
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Article477 2007-01-05 20 EDITORIAL SINGAPORE investors could not have asked for a better start to 2007, with a set of bullish indicators on Wednesday the first working day of the New Year providing much optimism. Preliminary estimates released by the Urban Redevelopment Authority (URA) showed that housing prices477 words
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Article, Illustration1309 2007-01-05 20 LE-MIN LIM - Many high-end brands chasing country's limited pool of big spenders end up with losses By LE-MIN LIM Bloomberg WHEN Eric Douilhet opened China's first Paul Smith and Moschino fashion boutiques in 2002, he did not expect they would be making money byBloomberg; REUTERS - 1,309 words
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Article, Illustration779 2007-01-05 20 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR Bloomberg THE biggest economic surprise of 2006 a Chinese economy that refused to slow will probably repeat itself this year. As predictions go, more of the same is never exciting. Yet in 2007, the oddsBloomberg - 779 words
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Article, Illustration1893 2007-01-05 21 SCOTT PRICE - A recent study finds that the region is a successful exporter of high-value goods By SCOTT PRICE ASEAN is a remarkably successful exporter. More to the point, Asean is a successful exporter of high-value goods. This is highlighted in an Economist Intelligence Unit study entitledAFP - 1,893 words
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742 2007-01-05 21 VICTORIA SHANNON - By VICTORIA SHANNON International Herald Tribune H JPI S HEN the great Internet m i meltdown struck Asia m m ast m any %Jr resourceful and m W knowledgeable computer users devised homegrown work-arounds to avoid the painfully slow crawl that characterised connectionsInternational Herald Tribune - 742 words
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Article10077 2007-01-05 22 SGX MAINBOARP IH» M Urt *1 Om, lmiQmu Oto firm M hob m» l—> Cade Cifij S*m W- f— 1— Bwy*. Or W 15 1 S7* USsfMR 2 11 113 6 Ml (Maam 8.5 OS 1395 95 85 IS 9 49 22 19 407 MS Z2 SD4 ASOMC10,077 words
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Advertisement32 2007-01-05 22 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates In at! markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices32 words
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Article5539 2007-01-05 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la le<*a>T la H touSS dy %r dy %y dy r 3 India Chjnga Omm Oiwgt Omni Owwgt Change The Wd* Index Mnwui) ***** 04 144 02 9* 00 IU I tAff Ptefcrmvy IIIU 01 ISO -04 143 -OS 24-7 IvopePnfomay ***** 025,539 words
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Advertisement1655 2007-01-05 24 i A 111 p| M jj? 11 UK CONTINENT SERVICE U.B.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN XU CHANG HAI lAX/VCW/MZL MARY H CAM/NFK/NOiySAV Loads Singapore, E./W. Malaysia, Indonesia Aa a Loads E./W. Malaysia, Indonesia MIPPLE EA f T SERVICE F.E./S.E.A. SERVICE Destination VANGUARD DBI/ABU/DOH/BRN/DMM/KWT Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT STX1,655 words
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Advertisement547 2007-01-05 24 IINTSRAStA ROftO SERVICE —i m km 10 sw jkt 1 snuns expkss 10 30 4 oc/oi 02/01 04/01 OKHID EXPIESSIS 50 4i 15/01 30/01 VBSa/VOY 1 MWfffT) I HBCHHM) [LP IWB STP MB. MX HE JKT ISWI U» I rosnrniiAoa/oos 100 si 0340/12 17-17/12 iw»/i2 21-22/12 24-24/12 2121/12 02-03/01 05-04/01547 words
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Advertisement40 2007-01-05 24 I RT DJAKART LLOYD(PERSERO)I I If® AUSTRALIA FULL CONTAINER SERVICE I PI Djakarta Uoyd (Singapore) Pto lid Operator Code: Dl CR NO. **********0 D 10 Aibm (end #32-01 Fuji Xerox Ink, Singapore 07W07 M: 6221 3202 fax: 6221 3079 I40 words
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Advertisement1553 2007-01-05 25 WAN HAJ INTERNATIONAL PTE LTD at NO **********0/1 \W\ WAN HAI LINES Y V IIHII lini kl IVk tS NL TIL (03) *****M4 HUb (03) *****244 W IB: (04) *****00 NUb (04)2?9tt99 V JOH IB: (07) *****23 HUb |07)2510T21 M IB: (031) *****75 NUb (031) 32*2714/ 37*1305 WWW wanhai com1,553 words
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Advertisement1212 2007-01-05 25 [Tin EASTERN CAR LINER, LTD 1 I SPECIALIZE IN ROftO L HEAVY LIFT UPTO 450 TONS "H' 1 INTIA-ASIA SERVKt VOY I Ra*| Utfto, SRI TPP PRKN) PKKW) PNN R(T SUR LCR RURI ITU KOTA KRURALU GENIUS STAR I? 45 M 103/01 0476T" W ~w7oT BCWiUkSMi 1 to 101/flj SB7gr1,212 words
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Advertisement183 2007-01-05 25 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM SPORE TO KARACHI ivtssa I VOTAOt ETA SIWGAfOtE FTA KAIACHI MUUAN or abslHuti 039HW 15-20.01.2007 25-30.01.2007 MAf* SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Ap*x Towtr, Singapore *****5 Telephone: 6270 0977 II Facsimile: 6275 2309 XII Telex: KS ***** SEAPAC DIRECT SIN NAMPO,183 words
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Advertisement700 2007-01-05 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS resa I ypT I sw I nunc commo u shba Icouwio ICMDflli ffIBSZ HUM OHO M LUML_ _HI4I!_ mmm am lum 210 ism hjaw mm nutnu am i;j*h I mm ;ijaw jaw a jam MSO ACQPIMG K1700 words
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THE BUISNESS TIMES SHIPPING TIMES
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4925 2007-01-05 26 FT* IT* Arfvartaar V»ml Voyayi Tctapfcon* SM Dacfn Mm Mm Number Mianbw To ABIDJAN (ABJ) 2003 Cote D'lvoire 12/01 13/02 OHnus EUSAK1MAS 705W 63)***** 12A11 15X12 Mnus EU5AKLMAS 705W *****344 18/01 19*02 Dctmas DELMAS BAUOtN 706W *****344 To ABU OHABI (AUH) 2004 U. A. Emirates4,925 words
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Advertisement435 2007-01-05 26 |!KgXS2j^H IRISL/ !tha M»#) foj Phs Mdd)a pihs szMj-ttito&j'i&ts] G&jtys) tiihvswsjlh bin tfi far J'j t <]jJJpL>j*}zr] }sJjJ ifo foj)*H>d ip&tfojihi JJJ JfzJjJ zJJ VSyJ] Gig ih) &UJ3o fa) tha ifogitegl) Jrsmtfl) tfmsk, jjgjrr" MOT M MALAYSIA AflOT NOONOIA. 11 mi m IT* SMOH HAWTMK PTE LTD BOUSTtAO SMPPM AGCNCKS435 words
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Advertisement261 2007-01-05 26 iiiSii—miiMM jjjE— -ffikr wSfciTliii —ffito —jfii WIT bk ffir -13 H =|F=f p mmm m»i n/w w/w HBBBo I Of Bytl >741 KizmzzniiijkiiiffliiH [pfeiniiii--" In* pi* wl it I m -SS 3m n*i 7 11/»1 11 jrr%m rn*m ke===|f===f}j M 1 For SOC/COC Cora* iMldngi, Mmm CaHl Ihwin *737 7*33261 words
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Advertisement251 2007-01-05 26 COWYIMTKXUISCTVK3 fTA MW LOATHNO FO» 08 JAN HO CM MWH 10 iAN MALE. COLOMBO 11 iAN BOMBAY IS iAN SHARiAH. DAMMAM. DOHA. KUWAIT 15 iAN CHENNAI fijil GLORY NAVIGATION GROUpI M 1W» OWNS A OPHATtS IM TOUNOKST FLffT wmi TWftVl 7,000 DWTTWem DCCKKtS OOWM I INI KNTMI ASIA PAOFtC POBTS251 words
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ARTS/WINE
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Article, Illustration490 2007-01-05 28 PARVATHI NAYAR - National Museum director tells PARVATHI NAYAR about its new directions PARVATHI NAYAR IT IS a dramatic turnaround. Before Dec 8, 2006 before its three-year, $132.6 million makeover the 119-year-old National Museum had perhaps 3,000 visitors a month. After the big bang opening to the490 words
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Article, Illustration617 2007-01-05 28 PARVATHI NAYAR - Engaging with history now By PARVATHI NAYAR HISTORY in the present tense. If this sounds like an abstract concept, Ms Lee is quick to explain that National Museum curators have investigated and initiated practical strategies so that museum visitors in 2007 can engage with histories in the here and now,617 words
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Article, Illustration1062 2007-01-05 28 N K YONG - By N K YONG THE beginning of the year is a good time to take stock of one's cellar. The year has changed, wines are a year older, some wines are beginning to drink well, others need further cellaring. I am often asked ifFILE PHOTO - 1,062 words
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Page 28 Advertisements
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Advertisement180 2007-01-05 28 Usually, we eat and run.Today, we ran to eat at Sunday Luxe. With only 60 seats available, our reservation was made weeks in advance. Tempted by the possibilities on the menu, we started on a light note with vanilla waffles and coconut pancakes before paying attention to the scrambled eggs180 words
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CINEMA
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Article, Illustration633 2007-01-05 29 PARVATHI NAYAR - Everything about 'The Queen' is so dam smart, from the choice of subject matter, to the way it is interpreted, says PARVATHI NAYAR PARVATHI NAYAR THE Queen is no grand royal epic. It's what you would call a "small movie", but such a satisfying one,633 words
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Article, Illustration637 2007-01-05 29 GEOFFREY EU - By GEOFFREY EU THE film Blood Diamond. the latest high-profile, ca-reer-defining instalment in Leonardo DiCaprio's journey to mega-stardom, is a fast-paced action-adven-ture about a relentless, morally bankrupt, dia-mond-smuggling mercenary who routinely risks life and limb (often his own) in a quest to add some, well,637 words
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Article, Illustration537 2007-01-05 29 GEOFFREY EU - By GEOFFREY EU FAST Food Nation tells quite a bit more about hamburger patties specifically those produced by a fictional fast food chain in the US than the average consumer might care to know. If the rather unsavoury information about the exact nature of the537 words
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Article, Illustration373 2007-01-05 29 PARVATHI NAYAR - DVD By PARVATHI NAYAR AN entire film dedicated to the female orgasm sounds like an invitation to some really dubious frat boy humour. Yet you harbour a sneaky hope that it will be laugh-out-loud funny; after all, you think channelling Meg Ryan373 words
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Page 29 Miscellaneous
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Miscellaneous274 2007-01-05 29 CRYPTIC CROSSWORD ACROSS Quite true (9) 6 Row with Teresa about per- 8 Fas^f st s f t Qoes fume (9) t0 the head 7 Neat pilot (5) 9 "It's in the post", said he (4) 10 Cause obstruction prior to 14 Comic's casual remark is disopening (7) posable (9)274 words
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executive lifestyle
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584 2007-01-05 30 jaimie ee - Make a resolution —and, get away with it off the cuff jaimie ee IT'S 2007. Do you know where 2006 went? If you do, can you tell me how to get it back? It's not like I want to re-live the events 0f2006 which did not lead to me reaping584 words
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Article, Illustration1680 2007-01-05 30 EMILYN ANG - Luxury cruise ships are increasingly attracting serious art lovers to appreciate, and even buy, fine art while sailing around the world. EMILYN ANG finds out more and asks if buying art at sea is a good idea EMILYN ANG IMAGINE sailing onboard one1,680 words
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