The Business Times, 26 January 2007
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2007-01-26
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The Business Times
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Title Section20 2007-01-26 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 202/12/2006 Friday, January 26,200720 words
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651 2007-01-26 1 Firm may have to file for bankruptcy, says director By OUR CORRESPONDENT in Bangkok SHIN Corporation's television station iTV, faced with government demands for 100 billion baht (S$4.4 billion) in penalty payments, yesterday offered to hand over the country's only independent channel651 words
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Article, Illustration63 2007-01-26 1 'In the US, the excitement is being able to drive the car a few hours after seeing it. But the excitement for the customers we see in this region is the wait. That's part of the enjoyment.' Ian Robertson, chairman and chief executive of Rolls-Royce Motor63 words
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904 2007-01-26 1 WONG WEI KONG - Impact on companies will depend on incentives and exemptions they already enjoy By WONG WEI KONG [SINGAPORE! Confirmation that Singapore intends to reduce corporate taxes has helped stocks to new highs this week, but the reality is that while a corporate tax904 words
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Page 1 Advertisements
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Advertisement13 2007-01-26 1 BANKING UOB buys 10% stake in Vietnam bank PAGE 3 The Singapore girl13 words
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Advertisement23 2007-01-26 1 BOOKS *wr* Of cops and f lessons PAGE 30 DB COMMENTARY mmmm Wrong formula Knlwfiflj for Crazy Horse? HBHBH page 4 Maurice Lacroix23 words
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TOP STORIES
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345 2007-01-26 2 CHUANG PECK MING - Multi-agency group studying steps to minimise effects of traffic gridlock By CHUANG PECK MING [SINGAPORE] Singapore officials have called on Malaysia for joint action to minimise disruption caused by Malaysian plans to close the Causeway temporarily to heavy vehicles, diverting them to345 words
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Article, Illustration608 2007-01-26 2 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Cinema group Eng Wah Organization confirmed yesterday that it is pulling the plug on its Crazy Horse Paris Cabaret franchise at Clarke Quay and issued a profit warning on account of write-offs arising from the closure. InARTHUR LEE - 608 words
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412 2007-01-26 2 Interest rate rises expected as inflation hits 2.8% in Dec [BEIJING] Belying the slowdown theory, China's economy grew by a sizzling 10.7 per cent last year. The best annual growth figure in 11 years puts the Asian giant well on412 words
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Article480 2007-01-26 2 UOB to buy 10% of Vietnam's Southern Bank UNITED Overseas Bank is taking an initial 10 per cent of Vietnam's Southern Commercial Joint Stock Bank for about $46 million, as part of its ambition to become a key regional player. The subscription agreement also provides for the bank480 words
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310 2007-01-26 2 WONG WEI KONG - By WONG WEI KONG [SINGAPORE] The proposed tax cut for companies suggests personal income tax rates will also fall, tax consultants say. The current personal income tax rate is 20 per cent for the highest bracket on par with the present310 words
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Article136 2007-01-26 3 STI 3.108.63 (-41.61) ST INDEX FUTURES 3,109.00 (-41.00) SIMSCI 377.24 (-6.56) SIMSCI FUTURES 377.70 (-6.20) MARKETS Thursday Change KLCOMP 1.179.66 -3.38 NIKKEI 225 17,458.30 -49.10 HANG SENG 20,669.83 _-151.22 SET INDEX 660.71 +3.55 JAKARTA COMP 1,773.96 -31.74 MANILA COMP 3.275.19 +30.44 SEOUL COMP 1,382.36 -0.70 SHENZHEN B 502.51136 words
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435 2007-01-26 3 KALPANA RASHIWALA - Gains said to range from $500,000 to more than $1m By KALPANA RASHIWALA [SINGAPORE] There have been at least 16 subsales already concluded at Marina Bay Residences so far, with more pending, sources have told BT. None of the penthouse buyers have made subsales435 words
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Article, Illustration535 2007-01-26 3 WONG WEI KONG - It has right to raise stake later; Hanoi expected to increase cap on foreign shareholding to 20% soon By WONG WEI KONG [SINGAPORE] United Overseas Bank is taking an initial 10 per cent in Vietnam's Southern Commercial Joint Stock Bank (Southern Bank)535 words
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Advertisement169 2007-01-26 2 people Black belts wanted. Www tlvpeopU'.itwork corn Asia Pacific T xecutive Search Of course, you can go on to buy a bigger SUV. But wouldjthat bfttlftlitically correct? tn W With the Terios 1.5 L Crossover, y QU can more soc j a ||y responsible. Up till now, most SUVs are169 words
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Advertisement7 2007-01-26 3 World's Finest fSH Virtual Office, ".2 J7 words
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Advertisement79 2007-01-26 3 r(>.t i *m /j IB —B■HU— 1 jf M Available at: All Watches Wisma Atria Tel: 6733 2823 FJ BENJAMIN Cortina Watch Millenia Walk Tel: 6339 1728 Dickson Watch Jewellery Wisma Atria Tel: 6732 8900 Suntec City Tel: 6336 4871 Exclusive Distributor and Service Centre Tel:+6s 6737 3786 m T79 words
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COMPANY NEWS
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Article707 2007-01-26 4 CONRAD RAJ - HOCK LOCK SIEW By CONRAD RAJ IT'S a pity the Crazy Horse Paris cabaret did not take off in Singapore and that the company behind it here, cinema operator Eng Wah Corporation, has had to take the painful decision to close it at the end707 words
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Article, Illustration567 2007-01-26 4 CONRAD RAJ - By CONRAD RAJ HARRY'S, one of Singapore's top entertainment groups which runs a range of pubs and restaurants, has gone public with the placement of 15 million shares on the OTC Capital market, an initiative of stockbrokers Phillip Securities. At 22 cents a share,ARTHUR LEE - 567 words
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Article396 2007-01-26 4 ROLAND LIM - By ROLAND LIM SEMICONDUCTOR test and assembly major STATS ChipPAC yesterday reported record full-year net profit and revenue, helped by its fourth-quarter performance. The fourth quarter ended Dec 31, 2006, saw net profit surging 67 per cent to US$28.3 million or US$0.14 cents per396 words
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590 2007-01-26 4 KALPANA RASHIWALA - By KALPANA RASHIWALA KEPPEL Land yesterday posted a 46.2 per cent increase in Q4 net profit to $81.2 million and a 28.6 per cent rise in full-year net profit to $200.3 million. The group expects profit growth to continue in 2007. KepLand590 words
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452 2007-01-26 4 UMA SHANKARI - By UMA SHANKARI SINGAPORE'S largest property trust, Capita Mall Trust (CMT), said yesterday its distribution per unit (DPU) to investors rose 24.1 per cent to 3.35 cents in the fourth quarter, boosted by increased rentals and income from new properties. The real452 words
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383 2007-01-26 6 WEE LI-EN - 2 institutional investors have agreed to 9.7% stake: sources By WEE LI-EN CITYSPRING Infrastructure Trust, whose initial public offering (IPO) is being spearheaded by a Temasek Holdings subsidiary, is set to raise about $286 million, with two institutional investors already383 words
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433 2007-01-26 6 UMA SHANKARI - By UMA SHANKARI PROPERTY and construction counters took a beating yesterday as both sectors brace themselves for rising constructiofl <jo§ti>. The Property Equities Index, a capitalisa-tion-weighted index of all stocks traded on SGX's property sector, fell 2.7 per cent to 1,304 points, from 1340.3433 words
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Article, Illustration402 2007-01-26 6 WINSTON CHAI - By WINSTON CHAI BOOSTED by better-than-expected market demand and its acquisition in Thailand, United Test Assembly Centre (Utac) posted a 13.7 per cent year-on-year gain in net profit and an 83.2 per cent jump in revenue for its fourth quarter ended Dec 31,FILE PHOTO - 402 words
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377 2007-01-26 6 AFP Bloomberg GENTING International Pic shares tumbled yesterday after The Straits Times (ST) reported that the company has been queried by the Singapore government over a partnership with Macau gaming billionaire Stanley Ho. Genting International, the Singapore-listed arm of Asia's largestAFP; Bloomberg - 377 words
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Article, Illustration506 2007-01-26 6 WONG WEI KONG - By WONG WEI KONG CHINA Aviation Oil (Singapore) is taking 3 major step towards meeting its debt repayment obligations by selling its stake in Spanish logistics services company Compania Logistica De Hidrocarburos (CLH) for 171 million euros (***** million). CAt) said in a statementFILE PHOTO - 506 words
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168 2007-01-26 6 GEORGE JOSEPH - By GEORGE JOSEPH COSCO Corporation (Singapore) Ltd yesterday announced that its 51 per cent owned subsidiary, Cosco Shipyard Group, has signed a contract valued at US$2OO million with Marine Accurate Well (Maracc) to build a semi-submersible rig. Work on the rig will begin on168 words
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234 2007-01-26 9 JUDITH JACOB - Delivery of the repeat order from PetroRig III scheduled for 2010 By JUDITH JACOB SEMRCORP Marine has landed a US$524 million order to build a deepwater semi-submersible drilling rig. The repeat order from Petroßig 111 Pte Ltd is the third newbuild deepwater semi-submersible drilling234 words
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Article136 2007-01-26 9 Cambridge Trust reports distribution CAMBRIDGE Industrial Trust has reported distribution per unit of 2.428 cents for the year ended December 2006, exceeding its forecast of 2.14 cents. VT SVC wins US$36m contract for trailers VT SPECIALIZED Vehicles Corporation (VT SVC), a unit of Singapore Technologies Engineering, has won136 words
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333 2007-01-26 9 VEN SREENIVASAN - By VEN SREENIVASAN CITYAXIS Holdings, renamed Indofood Agri Resources with effect from yesterday, has launched a bookbuilding exercise for its placement shares. According to lead manager CIMB-GK, the indicative price range for the new placement shares will be between 90 cents and $1.25333 words
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464 2007-01-26 9 ARTHUR SIM - By ARTHUR SIM INDONESIAN Lippo Group's First Real Estate Investment Trust (Reit) will double its portfolio size to $500 million in the next three years and raise it further to $1 billion in five years. The Reit now comprises three464 words
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Advertisement669 2007-01-26 6 Let's toast to these Kadeka offers! I/ Kadeka: The Keeper of Wines Sip your wine at the right temperature with Kadeka, made possible by its KADEKA range of wine coolers. Red or white, your wines are in good care and ready j apa n to be served at anytime. Let669 words
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Advertisement222 2007-01-26 7 BMigggi i 9P 9as:""bb s ispa=~. a- a; i 5 "II 1 1 5* "Bi iMi i i l^H i is Missk hi iBBWiBItt 9H| SIHHbHifSBp Kl2Bl^HML?Hi^^^^Hu2to^^H -v. fngls; 5' V v; £s&'»"' v 3 3^Bme§B8tffl8w v 'ir* l -'^J****vf'**^•>•* v ®J§§ Sl gsHa[§A£ w f "ij ;v t'. -fe*222 words
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SINGAPORE MARKETS
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Article, Illustration518 2007-01-26 8 R SIVANITHY - STOCKS Asian markets fail to react positively to Wall Street's strong overnight performance R SIVANITHY Senior Correspondent IN A recent column the possibility was raised that stock prices here and elsewhere in the region function as advance indicators of how Wall Street mightSource: Bloomberg - 518 words
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Article, Illustration996 2007-01-26 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 25 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr COOP) ('000) ISDN Hldgs 25-Jan-07 Teo Cher Koon *Sell 5000 .0.42 ***** 59.29 ***** 56.14 ISDN Hldgs 25-Jan-07 Assetraise996 words
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Article, Illustration859 2007-01-26 8 UMA SHANKARI - Compiled by UMA SHANKARI Semiconductor stocks MACQUARiE RESEARCH, Jan 25 STATS ChipPAC reported its results yesterday morning. UTAC yesterday evening, while Chartered will announce its results this morning. The stocks of the three semiconduc-tor-related companies had a strong rebound on Wednesday, with Chartered up 7.2 per cent day-on-day, toSource: Bloomberg - 859 words
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Article, Illustration507 2007-01-26 8 CURRENCIES Reuters [LONDON] The yen rallied yesterday as investors became uncomfortable with large short positions, amid speculation that Europe could take a tougher tone over the Japanese currency's weakness at the next Group of Seven (G-7) meeting. A source close to the preparationReuters - 507 words
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Advertisement6 2007-01-26 9 THE WORLD'S BIGGEST MEN'S MAGAZINE sPHmagazines6 words
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Advertisement478 2007-01-26 9 GAIN FROM THE WBUffIOF THE WORLD WITH THE AIA GLOBAL RESOURCES FUND With escalating demand for resources and commodities globally, we have specially designed the AIA Global Resources Fund to allow you to take advantage of this growing valuable form of wealth in the world resources and commodity markets. V478 words
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SINGAPORE NEWS
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Article, Illustration561 2007-01-26 10 ARTHUR SIM - Average monthly rent of $7.70 psf also beats peak of $7.64 psf in 2001 By ARTHUR SIM A NEW benchmark for office rents has been set with a $13.60 per sq foot (psf) rent at Republic Plaza, topping a recent high ofFILE PHOTO - 561 words
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Article, Illustration282 2007-01-26 10 JUDITH JACOB - By JUDITH JACOB CITY Developments Limited (CDL) yesterday launched its first public artwork by the Singapore River. Under the National Heritage Board's Public Art Tax Incentive Scheme (Patis), formerly known as the Public Sculptures Scheme, CDL commissioned the Reed Sculpture into a full-sized pieceCAROLINE CHIA/ST - 282 words
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265 2007-01-26 10 JUDITH JACOB - NEW BUSINESS TIES By JUDITH JACOB SINGAPORE and Uzbekistan in Central Asia signed two Memoranda of Understanding (MOU) yesterday with the aim of developing stronger economic and business ties. The first MOU was signed between the Singapore Business Federation and the Chamber of Commerce and265 words
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197 2007-01-26 10 ANOTHER layer was added to Singapore-China cooperation yesterday when the two countries signed a Memorandum of Understanding to set up the Singapore-Tianjin Economic and Trade Council. It will be the fifth such council established between Singapore and China to promote trade and investment. The197 words
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Article203 2007-01-26 10 15dieselcars in first testbed project FIFTEEN diesel cars complying with the Euro IV emission standard will be used over the next two years for the first biodiesel testbed project in Singapore. A group of private companies and government agencies signed an agreement in December 2006 concerning the project,203 words
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521 2007-01-26 10 WEE LI-EN - By WEE LI-EN COMPANIES should be allowed to claim capital allowances for renovation costs, while all foreign income sourced outside Singapore should be exempt from tax, the Singapore International Chamber of Commerce (SICC) says in its wish list for the upcoming Budget. SICC521 words
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ECONOMY WATCH
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Article541 2007-01-26 11 JANE MOIR - Calls have been made to re-look US dollar peg and consider yuan peg instead By JANE MOIR in Hong Kong THE Hong Kong dollar's recent slide has prompted a fresh round of debate on the future of the city's currency. After hitting a 17-year low541 words
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Article, Illustration549 2007-01-26 11 ANTHONY ROWLEY - It's seen as keeping the yen weak for unfair advantage By ANTHONY ROWLEY in Tokyo THE Bank of Japan's surprise decision last week to delay raising interest rates could backfire next month when European officials are expected to complain at aBLOOMBERG - 549 words
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468 2007-01-26 11 Demand for corn to make ethanol could raise overall prices Reuters [NEW YORK] Oil prices may have fallen from last year's heady levels but rising demand for another fuel corn may boost food prices and spark enough inflationary pressure to worry theReuters - 468 words
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Advertisement26 2007-01-26 11 PROPERTY HOSPITALITY FINANCIAL SERVICES /l I I Cap/taLand Cao/taLand Cap/taLand Cap/taLand Cap/taLand Cao/taMall Cap/taCommefcial V/ClUyldLdllU JZ ascott *gg? rf Cap/taßetail QuOfCap/ta www.capitaland.com <i>AUSTRALAND -ZZtZ BUILDING PEOPLE26 words
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MALAYSIA/INDONESIA
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220 2007-01-26 12 Reuters [KUALA LUMPUR] Malaysian brokers warmed yesterday to the upcoming flotation of the world's first Islamic palm oil property trust, with one tipping it to be a star of the rapidly growing sector for real estate trusts. The Boustead A 1 Hadharah trust, whichReuters - 220 words
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661 2007-01-26 12 LAUREL TEO - Hiring of foreigners is already done as last resort because it's costly: banks By LAUREL TEO in Jakarta FOREIGN-OWNED banks in Jakarta are questioning the need for a new policy restricting their hiring of expatriates, and have expressed their concern to the central bank.661 words
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Article2491 2007-01-26 12 VOL Jan KM W- rOBO) AIM Realty 146 unch 121 Abrit Bhd .0.32 undi 173 Acp Industries 1.62 0.14 3075 Advance Synergy .0.28 -0.01 2323 AdventaBhd 0.86 -0.02 125 Ae Multi Hldgs .039 0.02 372 Affin Holdings 1.95 -0.03 2817 Ahmad Zaki Resou .2.60 unch 102 Ate Corp2,491 words
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510 2007-01-26 12 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur IN NOVEMBER, stateowned power utility Tenaga Nasional went on a roadshow to plug its stock among international fund managers. The tour, organised by CIMB, Malaysia's largest investment bank, seems to have struck a chord with investors. Tenaga's share510 words
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BRIEFLY ASIA
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66 2007-01-26 12 Bloomberg [KUALA LUMPUR] Shares of Sime Darby. Kumpulan Guthrie and Golden Hope Plantations surged after the Malaysian companies signed agreements to merge their assets to form the world's largest listed palmoil producer. Sime Darby stock climbed to the highest in almost 10 years. GuthrieBloomberg - 66 words
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58 2007-01-26 12 Reuters [NEW DELHI] Russian President Vladimir Putin yesterday sealed a deal to construct nuclear power plants in India, as Moscow moved closer to its long-term Asian partner through energy and arms agreements. He met Prime Minister Manmohan Singh and will be the guestReuters - 58 words
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81 2007-01-26 12 Bloomberg [MUMBAI] Tata Steel may say profit rose 48 per cent because of an increase in prices and sales to carmakers. Profit likely rose to 11.13 billion rupees (S$387.1 million) in the third quarter ended Dec 31. from 7.54 billion rupees aBloomberg - 81 words
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60 2007-01-26 12 Reuters [TAIPEI] Taiwan Semiconductor Manufacturing Co posted its smallest quarterly profit in five quarters on clients' high inventories. It earned a net profit of NT$27.91 billion (S$l .3 billion) for the fourth quarter, down 18 per cent from NT$33.9 billion a year earlierReuters - 60 words
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Article, Illustration488 2007-01-26 12 AFP [KUALA LUMPUR] Troubled car-maker Proton has lost its top-dog status after nearly a quarter-century as Malaysia's biggest-selling car-maker was edged out by another homegrown manufacturer, Perodua. 'This is the first time Perodua has secured the number one spot" MalaysianAFP; FILE PHOTO - 488 words
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348 2007-01-26 12 BENITA AW YEONG - By BENITA AW YEONG [SINGAPORE] "Hype or real?" was one of the key questions raised among members of the panel yesterday at a conference on the Malaysian economy held at the Institute of South-east Asian Studies in Singapore. Chua Hak Bin, director of348 words
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Advertisement132 2007-01-26 13 I t f y ff —r^srTHE PACIFIC STAR GROUP CONGRATULATES .ji -V. v V 'x. -v y *v», KUWAIT FINANCE HOUSE, KUWAIT FINANCE HOUSE (MALAYSIA) BERHAD AND MR. K. SALMAN YOUNIS FOR THE FOLLOWING ACHIEVEMENTS AT THE ISLAMIC FINANCE NEWS AWARDS BEST ISLAMIC BANK POLL 2006 v .''.y ,'>'.■ 4.'.-132 words
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INDIA
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Article, Illustration322 2007-01-26 14 Lender on track to meet international growth target taking global assets to 25% over next 1-2 years: CEO [DAVOS] The chief executive of India's second-largest lender ICICI Bank, in which Singapore investment agency Temasek Holdings has a stake, expects to put more equity322 words
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Article248 2007-01-26 14 Bharti MD says he is open to stake being sold in the market [DAVOS, Switzerland]: Bharti Group chairman and managing director Sunil Mittal has said that he is open to Vodafone selling its shares in Bharti Airtel in the secondary markets. He would have no248 words
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Article6389 2007-01-26 14 UNIT TRUSTS FUNDS AM Amro Asset Mgt (S'pore) Star Europe Eqty'" 1 07/ Star Europe Bond 1 178/ Star Europe M 1J34/ Star Asian figer Eqty 133V Star Asa Bond 1312/ Siai Asa Balanced 1107/ Stai Global Technology Fund'" 0216/ Mult) Si Fd 0 984/ Slat Asia BondEUSD) 0 .854/6,389 words
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Advertisement21 2007-01-26 14 AllianzGI RCM Global Twin-Focus Fund Jr look out for infinite INVESTMENT OPPORTUNITIES. Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS21 words
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GREATER CHINA
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621 2007-01-26 15 Liquidity may drop with monetary tightening but bear market unlikely Reuters [SHANGHAI] China's government yesterday warned against the stock market rising too fast and reported higher-than-expected inflation, suggesting the benign conditions which buoyed Chinese markets last year could be about to change. The stockReuters - 621 words
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Article494 2007-01-26 15 JANE MOIR - Tech-related incidents up 13.4% while computer hacking doubles By JANE MOIR in Hong Kong CYBER crime is on the rise in Hong Kong, jumping by nearly 33 per cent over the past two years, while computer hacking almost doubled in the past 12 months.494 words
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221 2007-01-26 15 [HONG KONG] The fashion for China-related IPOs has given rise to an IPO-focused fund. Macquarie Equities (Asia) yesterday said it is launching a fund that will allow investors to capture China's strong growth. The fund, the first of its kind in Hong Kong,221 words
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Advertisement251 2007-01-26 15 NOTICE OF INTENDED DIVIDEND Name of company Highland Partners (Singapore) Pfe. Limited (In Members' Voluntary Liquidation) Company registration no. *****1076 C Address of former registered office 220 Orchard Road #05-07 Midpoint Orchard Singapore *****2 Last day for receiving proofs 26 February 2007 Name of liquidator Chia Soo Hien Address of251 words
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Advertisement204 2007-01-26 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OCBC HOLDINGS PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0066R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the204 words
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Advertisement2651 2007-01-26 16 I Ull'.l »M I Land Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2006 owned the 133-ha of land in Tianjin, higher contributions from the Group's trading projects in China, and also The Directors of Keppel2,651 words
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ASIA-PACIFIC/WORLD
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537 2007-01-26 17 Full-year loss hits record US$12.7b; company expects more losses in 2007 AP [DEARBORN, Michigan] Ford Motor Co lost US$5.B billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the fabled automaker's deficit for the year to US$l2.7AP - 537 words
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WORLD WATCH
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93 2007-01-26 17 AP [WASHINGTON] Sales of existing homes in the United States fell in December, closing out a year in which demand for homes slumped by the largest amount in 24 years. The National Association of Realtors reported that sales of existing homes were downAP - 93 words
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75 2007-01-26 17 AP [SAN FRANCISCO] eBay reported that fourth-quarter profit increased 24 per cent from the same period last year, trouncing Wall Street estimates. Thanks to scorching holiday sales particularly in the US, the UK and Germany the auction company earned US$349 million orAP - 75 words
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109 2007-01-26 17 Bloomberg [NEW YORK] Billionaire investor Carl Icahn said that US stocks are vulnerable to a decline in the US dollar, which would hurt corporate earnings and cause the market's four-year rally to "really blow up". Mr Icahn, 70, said in an interviewBloomberg - 109 words
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Article86 2007-01-26 17 AP [DALLAS] German conglomerate Siemens AG has agreed to buy business software maker UGS Corp from three private equity firms for about US$2.1 billion and assume US$1.4 billion in UGS debt, the companies said. The sellers Bain Capital, Silver Lake Partners and Warburg PincusAP - 86 words
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87 2007-01-26 17 Bloomberg [NEW YORK] Symantec Corp, the world's biggest maker of anti-virus software, said profit rose 25 per cent, missing its original forecast, after sales of storage software slowed. Net income in the third quarter rose to US$113.7 million, or 12 cents a share.Bloomberg - 87 words
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Article, Illustration534 2007-01-26 17 Reuters [NEW YORK] The friendship between CNBC TV news anchor Maria Bartiromo and former Citigroup executive Todd Thomson raises questions about ethical boundaries between reporters and their sources, experts say. Mr Thomson found himself out of a job recently after spendingReuters; BLOOMBERG - 534 words
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326 2007-01-26 17 Bloomberg [SYDNEY] Multiplex Group, the Australian builder struggling to complete London's Wembley stadium, has received a takeover approach. Directors will hold talks with the potential bidder in the next few weeks, the company said, without revealing who has made the approach. The stockBloomberg - 326 words
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348 2007-01-26 17 Bloomberg [DAVOS] Robert Greifeld, Nasdaq Stock Market chief executive, has rebuffed the London Stock Exchange's challenge to raise his offer for the UK bourse before it expires this week. Nasdaq had set a deadline of midnight tomorrow in London for the LSEBloomberg - 348 words
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564 2007-01-26 17 It cites ballooning treatment costs as reason for its move Reuters [BANGKOK] Thailand's army-installed government has issued licences for cheap versions of a heart disease drug and an Aids drug, Public Health Minister Mongkol na Songkhla said yesterday, dealing a shockReuters - 564 words
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AVIATION
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Article, Illustration336 2007-01-26 18 It will improve transparency and set up independent regulators AFP [BRUSSELS] The European Commission has laid out plans to tackle skyrocketting airport fees charged to airlines, and ultimately to passengers, by making the system more transparent and setting up independent regulators. WithAFP - 336 words
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237 2007-01-26 18 AFP [JAKARTA] An ocean survey ship of the US Navy has located the "black box" flight recorders from an Indonesian airliner which went missing on New Year's Day, the US embassy said yesterday. The USNS Mary Sears detected ultrasonic pinger signalsAFP - 237 words
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339 2007-01-26 18 AFP [WASHINGTON] Airliners flying to and from the United States are still at risk of being hijacked by terrorists, more than five years after the Sept 11 attacks, a US government auditor warned on Wednesday. Government efforts have made great progressAFP - 339 words
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270 2007-01-26 18 Bloomberg [SINGAPORE] Empresa Brasileira de Aeronautica SA (Embraer), the world's fourth-biggest aircraft maker, says it is in discussions with Japan Airlines Corp for an order of as many as 10 regional jets. The Brazil-based planemaker is proposing the Embraer 170 andBloomberg - 270 words
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336 2007-01-26 18 Reuters [LONDON] US-based buyout firm Texas Pacific Group plans to express an interest to the Italian government in bidding for the ailing national carrier Alitalia, said sources familiar with the matter. The buyout firm plans to submit its interest alone, rather than inReuters - 336 words
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272 2007-01-26 18 AFP [SYDNEY] Australian carrier Qantas yesterday confirmed it was engaged in talks to buy a stake in Vietnam's Pacific Airlines, as the country's second largest carrier undergoes an ownership shake-up. Qantas spokesman Simon Rushton said that if talks with theAFP - 272 words
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Article980 2007-01-26 18 cm HJCHT tTA RJ6WT ITP Uw Dhabi 5Q455 1225 "WlfWl Amsterdam IMmm SO 348 T5TC0 SisrJt! ffingig Tt™o i 4RpH hfciiloM Hi Cap* Town ***** 0215 {555 Ml547 0535 5J54S 0025 Ww™ m |||"g| Jfflifl mm A m m m *m his w ;is m gg980 words
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538 2007-01-26 18 Bloomberg [LONDON] British Airways has cancelled all Heathrow flights on two days next week, as its cabin crew prepare to strike for the first time in a decade. Workers will walk out on Jan 30 and Jan 31, afterBloomberg - 538 words
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SHIPPING
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276 2007-01-26 19 AP [SAN FRANCISCO] A highly contagious form of the stomach flu sickened hundreds of passengers during a voyage on the famed Queen Elizabeth 2 cruise ship in what health officials have called an unusually large outbreak. The Centers for Disease ControlAP - 276 words
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253 2007-01-26 19 AP [WASHINGTON] The Transportation Security Administration (TSA) has awarded a deal worth about USS7O million for new, secure identification cards for port workers to Lockheed Martin Corp, the largest US defence contractor, US Congressional aides said. TSA and the CoastAP - 253 words
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860 2007-01-26 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR A VESSEL that rejected a pilot's advice to use a tug while leaving a port in England but later called a tug after getting into difficulties has lost a bid to get away with paying860 words
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Article, Illustration341 2007-01-26 19 Customs chief suggests using risk analysis instead of blanket screening Bloomberg [WASHINGTON] A US House measure to require the screening of all cargo on US-bound ships overseas is premature and would needlessly add to business expense, the European Union's chief customs official said. Laszlo Kovacs,Bloomberg; FILE PHOTO - 341 words
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Article279 2007-01-26 19 SGX '000 Jan 25 St Vol Ch Offshore 0.43 834 Chuan Hup Hldgs 0.33 -0.01 1050 CoscoCorp .2.68 -0.07 8335 Cwt Limited .0.73 -0.02 312 Ezra Hldgs 4.70 -0.08 181 Freight links .0.09 -0.01 3669 Grand Banks .0.86 unch 2 Java Hold Ltd 1.47 -0.01 280 K1 Ventures279 words
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Page 19 Advertisements
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Advertisement736 2007-01-26 19 Cats Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HILTON TRADING PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****3671E NOTICE QF FWAL MEETING NOTICE 18 HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50, the Final Meeting of736 words
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Advertisement615 2007-01-26 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAOPO ASIA PTE. LTD. (In Mtmbtfi' Voluntary Liquidation) R«g. No ********** NOTICE OF RESOLUTIONS At an Extraordinary Genera! Meeting of the abovenamed Company duly convened and heW at 5 Shenton Why #22-06 UIC Budding Singapore *****6615 words
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Advertisement611 2007-01-26 19 IN THE MATTER OF THE COMPAMES ACT, CHAPTER 50 AND IN THE MATTER OF SEATTLE COFFEE HOLDINGS (SJLA) PTE LTD (IN MEMBERS' VOLUNTARY UQUIDATION) (Company Registration No. *****8663R) NOTICE OF FINAL MEETING Notice is hereby given thaL pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting611 words
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Advertisement572 2007-01-26 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AM) IN THE MATTER OF APPLIED FOOD BIOTECHNOLOGY ASIA PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. 19M*****C) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 306 of the Companies Act, Chapter 50, the Final572 words
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EDITORIAL & OPINION
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Article499 2007-01-26 20 EDITORIAL THINK of Singapore's hot industries of the future and what comes to mind would probably include the latest financial products, nanotechnology, photonics and biotechnology. But refining ores? The idea might seem outlandish. Many may even consider the industry so "Old Economy". The chairman of499 words
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Article, Illustration965 2007-01-26 20 TYLER COWEN - Income and wealth measures, when taken alone, can give a misleadingly pessimistic picture By By TYLER COWEN NYT THE growing inequality in wealth and income has led many people to question whether the contemporary American economy is rigged in favour of the rich. WhileNYT; AFP - 965 words
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Article, Illustration778 2007-01-26 20 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent A YEAR ago, Hermes Pensions Management, the adviser of British Telecom's pension scheme, proudly said that it had invested £1 billion (Ss3 billion) in commodities. The investment was the "largest single allocation to commodities of778 words
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Article, Illustration848 2007-01-26 21 ROBERT SAMUELSON - The great danger of the biofuels craze is that it will divert people from stronger steps to limit dependence on foreign oil ROBERT SAMUELSON The Washington Post Writers Group US PRESIDENT George W Bush joined the biofuels enthusiasm in his State of the UnionThe Washington Post Writers Group; AP - 848 words
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Article, Illustration780 2007-01-26 21 LEON HADAR - LEON HADAR Washington Correspondent PRESIDENT George W Bush delivered his annual State of the Union address on Tuesday to the American people and to their representatives in Congress, the majority of whom are strongly opposed to his plan for increasing troops in Iraq780 words
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Article346 2007-01-26 21 Fai Au Yeung - LETTER TO THE EDITOR Fai Au Yeung CEO. City Spring Infrastructure Management Pte Ltd (Trustee-Manager of City Spring Infrastructure Trust) I REFER to yesterday's Hock Lock Siew column, "City Spring's funding raises concerns". It contains a number of factual errors. Paragraph three of the column stated346 words
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Page 21 Advertisements
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Advertisement1630 2007-01-26 21 Cats Notices THE COMPANIES ACT, CAP. 90 AND IN THE MATTER Of ORIENT LLOYD PTE. LTD. CO REG NO. *****0046R MEMBERS' VOLUNTARY WINDING UP At on Extroordinory G«n«ral Meeting of Orient Lloyd P*» lia. convened and held at 7500 A Beach toad *16-321 The Plaza Singapore *****1 on 18 Jonuary1,630 words
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Advertisement626 2007-01-26 21 IN THE MATTER OF THE COMPANIES 50,1994 Ed) MTHE MATTER OF VIRTON PTE LTD (In Members' Voluntary I liprfitHim) (Co.Reg. No. *****6293H) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant to Section 179(8) of the Companies Act (Cap626 words
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Article11009 2007-01-26 22 SGX MAINBOARD Transaction date: Jan 25 52 Wk Tal Last Vol Day Last Quote Dhr GrVM Met MCap High Low Code Company Salt COOP) Htgh Low luyer Wtof Cvr HI SnA 3.5 1 5716 1st Software 2 susp 8.1 11.5 6 3148 STelecom 9.5 unch 877 10 9.511,009 words
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Page 22 Advertisements
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Advertisement11 2007-01-26 22 financing rales In aH markets Access to Asian, US, Euro stocks11 words
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Article6092 2007-01-26 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local curi In SI In W$ %*f yr dy yr S tfy *yr J*" 24 lnde» Change Chang* Change Change Change Change The World Inde* Preliminary ***** P.7 15.7 0.5 10.4 0.4 195 I EAfE Pteliminary 1135.5 0.9 16.7 05 15.6 046,092 words
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Page 24 Advertisements
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Advertisement1687 2007-01-26 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE REJS.EA. SEBVICE Destination VANGUARD DBI/ABU/DOH/BRN/DMM/KWT Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN PAN VOYAGER JDH/DMT/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia1,687 words
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Advertisement720 2007-01-26 24 IINTBIAHA RORO SERVICE VBSa/VOT RAMPQCT) HBGHTtM) fKC KCH LP Si I XT STUITS EXrtESS I 30 4 25/01 21/01 30/01 STUfTS EXPRESS 3 30 4 02/02 04/02 08/02 11/02 13/02 straits grass 4 30 4 02/03 04/53 oe/03 11/03 13/03 I AUSTRALIAN RORO SERVicI ypsa/vor rampoco hbghtw a i i720 words
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Page 25 Advertisements
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Advertisement1585 2007-01-26 25 WAN HAI INTERNATIONAL PTi LTD 0) NO: l«9S9?oooo/t VtrA TEL6226ISM (14UNES) FA******163 \N 1 WAN HAI lINF\ onUme S»*«/le*fc|i Dirtd Une (1800) *****200 V VVniV llnl blllkl# I*l TH: (03)*****U4F«L(03)3J4232Mrw 1H; (04)*****00FU;104)224»4»» Y nMMMMM 9HIR: (031) JTO47SFU:|OJI) 32*2714/J»1 JOS U.U.U. U. n .k«i c *T IB: 1021) 5254U»«UL (021) *****1,585 words
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Advertisement1274 2007-01-26 25 1 rin EASTERN CAR LINER, LTD T SPECIALIZE IN RORO t HEAVY LIFT UPTO 450 TOWS mtu-asu mm voy ufthi sin iff mn na(W) mi* jkt sm ia nuri itu |iatamgas| ESTREUAETERNA 133 60 ~VW 21/01 ggg fHALitNttr ~r?r ~g —ar tpt ~m —557^1 —w® —s*7s? BRISA AZUL 12 351,274 words
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Advertisement173 2007-01-26 25 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI I VESSEL [VOYAGE ETA SINGAPORE ETA KARACHI""! TIN I TIA 20-25.02.2007 3045.03.2007 L 11 M** SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Apex Towtr, Singapore *****5 tjLj Telephone: 6270 0977 Facsimile: 6275 2309 X|| Telex: RS ***** SEAPAC DIRECT SIN173 words
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Advertisement875 2007-01-26 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VBSf L I TOY I SIM I P KUWG COtOMBO N SH€V* ICOIOMHO JEAJIEML JDKSL. _22J4IL_ _2ZJ4L_ _2U4!LHOWWHW mi 2SLJAN 31 JAM 03 FB ft Fff _IjFEB lowftwuiiu rnw)7 J otfeb o;feb iofb ijkb 17fk ALSO875 words
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THE BUSINESS TIMES SHIPPING TIMES
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6621 2007-01-26 26 HA ETA Adverser Vessel Voyage Telephone SM Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote O'lvoire 13/02 19/03 Delmas VERONIQUE DELMAS 709W *****344 17/02 26/03 Delmas NALA DELMAS 7I0W *****344 To ABU DHABI (AUH) 2004 U. A. Emirates 05X12 19/02 SCI EMIRATES6,621 words
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Page 26 Advertisements
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Advertisement438 2007-01-26 26 IRISL, Ofo® (tenrgf&sD tfkxMt 3m Qih® IM&sllte'Boat)? (sts&^pQs ®oq (bW ®0 {few fts) HuiilkMsl {p®ftlßQS $/Q ®3 W/&I1I] ®3 Q® <SJM&> ®s)wtnMm to Qdm {feisftmi} Odimßo SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE maritime pte ltd bousteao shipping agencies sdn438 words
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Advertisement317 2007-01-26 26 fife GLORY NAVIGATION GROUpI I( SIMCI 1970 I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFK PORTS I a REGULAR WEEKLY SERVICES: IKAOHSIUNG CHINESE PORTS, HONG KONG TO ft FROM I SOUTHEAST ASIA J SMGtfORf HUT WOON SHTfMG (S)317 words
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executive lifestyle
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547 2007-01-26 28 jaime ee - off the cuff jaime ee HANDS up, those who think the Singapore Girl needs a major makeover. Or at least a different eye shadow colour. Whatever it is, advertising agencies must now be working overtime trying to create a new campaign that will547 words
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Flying high, still
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Article, Illustration558 2007-01-26 28 Terri Tan - Terri Tan Owner, Designworx Interior Consultant TERRI Tan, 37, is a rarity a graduate who applied to be an SIA girl after taking her last paper to qualify for the Bachelor of Arts in architectural studies at the National University of Singapore. She was558 words
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Article, Illustration511 2007-01-26 28 Jessica Lim-Charungchareonvejj - Jessica LimCharungchareonvejj Partner, Salut Lifestyle Communications IT was the allure of travel that drew Jessica Lim-Charungchareonvejj to flying, although her first love was food. So after flying with Singapore Airlines (SIA) for two years from 1989 to 1991 she quit and dabbled at other jobsARTHUR LEE - 511 words
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Article, Illustration384 2007-01-26 28 Julia Chung - Julia Chung Co-owner of Nail Clinique THE way she draws her hair back in a clip often gives away the fact that Julia Chung, 34, is a former SIA girl. Even if acquaintances don't guess at first glance, they nod knowingly when she reveals thatARTHUR LEE - 384 words
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Page 28 Advertisements
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Advertisement47 2007-01-26 28 in Singapore H 2 10 February 2007 The Arts House Drama Centre Esplanade The Substation J Joirtly PtwwUKlßy: omekjl Mogatlnr OtlWdHaM: 01 I'S r, (L ,.y,, I M m A ©IEIM lA3S £m£To***% 4, □fJliif wtfcr- Bnl JS. I V-Aiy^i. Partner* J* JL ift;v.T:r ,e H 71747 words
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Advertisement9 2007-01-26 28 BOOKS A conversation with writer Peter James PAGE 309 words
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ARTS
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Article, Illustration992 2007-01-26 29 PARVATHI NAYAR - THEATRE PARVATHI NAYAR pays tribute to the avant-garde theatre group on its 20 anniversary PARVATHI NAYAR WHEN the third Ml Singapore Fringe Festival formally opens next week, it'll mark 20 years in the business of theatre for the festival's founder and organiser,992 words
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Article, Illustration465 2007-01-26 29 PARVATHI NAYAR - By PARVATHI NAYAR PLAYS in Singapore tend to have short runs, so not many saw the critically acclaimed debut of Singaporean playwright Jean Tay's Everything But The Brain in 2005, directed by the late Krishen Jit. Action Theatre's ongoing revival directed by Samantha Scott-Blackhall is a465 words
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Article, Illustration621 2007-01-26 29 MATTHEW PHAN - By MATTHEW PHAN TWO works of Hong Kong theatre starkly different in character if alike in their intelligence are on thenway to Singapore. It is a mark of the Chinese city's cosmopolitan nature that although they are part of dedicated arts festival Spotlight621 words
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Article, Illustration580 2007-01-26 29 CHEAH UI-HOON - DANCE By CHEAH UI-HOON WHEN the Stuttgart Ballet comes to town to present Romeo and Juliet next week, it's not just a chance to watch yet another rendition of the tragic Shakespearean love story in classical ballet. It's also a rare opportunity to catch and580 words
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BOOKS
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Article, Illustration1060 2007-01-26 30 PARVATHI NAYAR - Peter James tells PARVATHINAYAR how he became a successful writer and film producer PARVATHI NAYAR HIS new series of crime novels all have the word "Dead" in their titles Dead Simple, Looking Good Dead, and the upcoming Not Dead Enough but successful novelist/filmmaker Peter James isYEN MENG JIIN - 1,060 words
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Article, Illustration645 2007-01-26 30 S JAYASANKARAN - By S JAYASANKARAN ISMAIL Abdul Rahman (1915-73) dominated the Malaysian stage during its formative years, but history has yet to acknowledge his worth. He was arguably the best premier Malaysia never had yet one might forgive younger Malaysians for asking: "Who is he?"645 words
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Page 30 Advertisements
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Advertisement269 2007-01-26 30 RSVP ar Park Diners Club Card r<>« w ,/»«>064i***** A World of Exclusive Privileges Treats Diners Club Hailed as Scotland's "Prince of Whiskies Chivas Regal 12 Years conjures up a drink fit for royalty and connoiseurs. The long flavour tinged with a slight smokey taste is testament of its 12-year269 words
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Advertisement13 2007-01-26 30 ChooM one item from our seJecttonpof local ||S| favourite* and get one choice13 words
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Page 30 Miscellaneous
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Miscellaneous297 2007-01-26 30 CRYPTIC CROSSWORD ACROSS man (9) 1 Lots of bookshelves (6) 4 I'm unfortunately upset if I 5 Brave opponent of pallid eat complexion (8) 5 ls granted by a lawyer's 9 She can't find a blooming authority? (5,2,8) partner! (10) Liberal gains points for 10 She enlists two Poles in297 words
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CINEMA/WINE
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Article, Illustration536 2007-01-26 31 PARVATHI NAYAR - The cities are characters that shape Babel's stories, writes PARVATHI NAYAR PARVATHI NAYAR Increasingly, the cinematic structure of stories that begin in parallel but are eventually seen to intersect, seem to be a favourite with film directors, whether last year's Oscar winner536 words
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Article, Illustration279 2007-01-26 31 PARVATHI NAYAR - DVD By PARVATHI NAYAR THE Beat That My Heart Skipped is Jacques Audiard's contemporary reinterpretation of the Harvey Keitel film Fingers (1978) by writer/director James Toback. Like the original, Beat explores two opposing aspects of the male species the civilised side that responds279 words
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1069 2007-01-26 31 N K YONG - By N K YONG A FEW days ago, an Indonesian friend of mine called me from Jakarta and said that he and his friends had asked a hotel there to arrange a very special wine dinner with certain wines which the hotel was asked1,069 words
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Article, Illustration558 2007-01-26 31 GEOFFREY EU - By GEOFFREY EU AT the swank Ambassador Hotel in Los Angeles, a sign behind the manager's desk loftily refers to the property as "A City Within a City". Indeed, so many storylines converge at that hotel in Bobby a film by Emilio Estevez about558 words
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Page 31 Advertisements
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Advertisement104 2007-01-26 31 I V* I is I if i I JpT m lip M i Excite your tastebuds with Kopi Tiarn's line-up of Fish Head dishes that will leave you lusting for more! Available at $4s+++ each from 2 January 18 February 2007, this delectable spread includes Steamed John Snapper Pish Head104 words
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Article, Illustration1356 2007-01-26 32 LARRY WEE - Making Time LARRY WEE quizzes three senior players in the local industry about new trends, top recommendations and upcoming events LARRY WEE IT has become something of a tradition for BT to start the watch year by talking to its friends in the watch1,356 words
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Page 32 Advertisements
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Advertisement89 2007-01-26 32 More than 250 years of uninterrupted history MALTE CHRONOGRAPHE J# Caliber 1141 handwound mechanical movement. Column-wheel chronograph mechanism. Telemetric scale with 1-kilometer graduations and tachymetric scale; 30 minute totalizer. Manually engine-turned dial with applied hour markers and a subdial for the seconds. g Diameter 41.5 mm. Sapphire-crystal caseback. Water-resistant to89 words
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Advertisement10 2007-01-26 32 This series is brought to you by ©SINCERE watch academy10 words
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