The Business Times, 2 April 2007
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2007-04-02
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The Business Times
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Title Section20 2007-04-02 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION Monday, April 2,2007 SINGAPORf 85 cents online at http://business-times.asial.com.sg MICA (P) 202/12/200620 words
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597 2007-04-02 1 VINCENT WEE - Auckland leads Asia-Pac region; Zurich, Geneva still top Mercer survey By VINCENT WEE [SINGAPORE] Singapore has retained its 34th position in a global ranking on quality of living and stays ahead of other key Asian cities such as Tokyo and Hong597 words
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722 2007-04-02 1 WEE LI-EN - Auditors say changes may mean 10-15% cost savings as less work is required By' WEE LI-EN [SINGAPORE] A simpler accounting standard for small and medium enterprises (SMEs) is being put forward by the national body that lays down accounting standards for use by companies in722 words
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Page 1 Advertisements
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Advertisement59 2007-04-02 1 GOLF Woods-Mickelson S|| rivalry at US Masters page 15 wKiKm mmm isfliiiiiiiiiiiiiiiiiiiiiiiiiiiiiiißK BUSINESS LEAGUE Where does Singapore stand? What still needs to be done to make Singapore more business-ready? PAGES 10 11 ENTREPRENEUR INSIGHTS Starting today, a monthly series on entrepreneurs and the challenges they face, based on research by59 words
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Advertisement15 2007-04-02 1 COMMENTARY Extend Regulation Rtir Disclosure to broking reports PAGES 8 111 Markets Digest Page 215 words
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Advertisement19 2007-04-02 1 kJr DINING OUT JL New menu at Peach Blossoms; I k v l\\Vv >(\ vAI A^vx^^SißS^ißtiil^^kj 4i?MAHk. I >(y M19 words
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TOP STORIES
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586 2007-04-02 2 JANE MOIR - Move may help avoid scandals at family-run firms By JANE MOIR in Hong Kong NEW rules are being mooted to enable Hong Kong auditors to get information about a company from staff members, a move which may help avoid scandals at586 words
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Article550 2007-04-02 2 Temasek welcomes Thai word on Shin TEMASEK Holdings yesterday said it welcomed Thai Finance Minister Chalongphob Sussangkara's statement on Friday that Thailand "should not, and likely will not. take back" Shin Corp from Singapore's investment company. Goh Yong Siang, Temasek's Thailand country head, said the finance minister's statement550 words
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345 2007-04-02 2 VINCENT WEE - Assurance that it is unlikely to take back Shin Corp signals 'very positive development' By VINCENT WEE [SINGAPORE] Temasek Holdings yesterday welcomed Thai Finance Minister Chalongphob Sussangkarn's statement on Friday that Thailand "should not, and likely will not, take back" Shin Corp from Singapore's345 words
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Page 2 Advertisements
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Advertisement1139 2007-04-02 2 Hl-P INTERNATIONAL LIMITED Company Registration Number *****4817H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hi-P International Limited (the "Company") will be held at Albizia Room 1, Jurong Country Club, 9 Science Centre Rd, Singapore *****8 on1,139 words
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Advertisement64 2007-04-02 2 people Hunting season has begun. yULr H LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times. »AT-3 >3jL NOTICES o BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log64 words
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ENTREPRENEUR INSIGHTS
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Article, Illustration1120 2007-04-02 3 DANIEL BUENAS - S'pore SMEs and start-ups have often said it is difficult to find funds to start a new venture. DANIEL BUENAS takes a look at the issue DANIEL BUENAS THERE is an adage that venture capitalists sometimes use when it comes to investing in a company. They say:1,120 words
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Article, Illustration910 2007-04-02 3 INSEAD'S Perspective: Patrick Turner, Martin Kralik, Kavitha Hariharan Source:INSEAO There has been a long-standing scarcity of early-stage funding in Asia The market for early-stage venture funding in Asia is still emerging, partly because of the investor caution which followed the late-1990s technology boom. OverSource:INSEAO; AFP - 910 words
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Page 3 Advertisements
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Advertisement86 2007-04-02 3 Ci Entrepreneur Insights is brought to you through the collaboration fVLUI I vJU IWC. 0 f The Business Tunes, Credit Suisse and INSEAD. The contcnt is based on the "Growth Challenges for Asian Entrepreneurs" research programme, performed by InnovAsia, the applied §EA. D business research unit of INSEAD. Both this86 words
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TOP STORIES
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Article, Illustration901 2007-04-02 4 MICHELLE QUAH - Mid-tier accounting firm sees its more personalised service as an edge By MICHELLE QUAH [SINGAPORE! Mention public accounting firms and most people think straightaway of the Big Four. It's hardly surprising, given the way PricewaterhouseCoopers, Ernst Young, KPMG901 words
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739 2007-04-02 4 CHUANG PECK MING - But their sales of bonds in S'pore rise to US$2.5b from US$970m in Q3 By CHUANG PECK MING (SINGAPORE) American investors seemed to be defying gravity as they kept snapping up shares traded on the Singapore Exchange (SGX) in the739 words
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Page 4 Advertisements
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Advertisement2237 2007-04-02 4 ■>T CG TECHNOLOGIES HOLDINGS LIMITED „qu (Incorporated in Bermuda on 24 September 2004) nv fa Registration No.: ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Meeting Room 309, Level 3, Suntec International Convention and Exhibition Centre,2,237 words
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COMPANY NEWS
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10 2007-04-02 5 Reuters Thomson Medical CentreReuters - 10 words
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694 2007-04-02 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY THERE'S no denying the profound impact stockbroking research has on daily trading these days. More often than not, a well-timed "buy" report can send a stock flying, while a "sell" report often brings its price crashing. Unlike at694 words
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765 2007-04-02 5 KALPANA RASHIWALA - It will cut group's breakeven cost for new project and boost profit margin By KALPANA RASHIWALA LISTED Wing Tai Holdings may enjoy a saving in its land cost for Ardmore Point, resulting in a lower breakeven cost for the new project765 words
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11 2007-04-02 5 Bloomberg Creative Technology Ltd.Bloomberg - 11 words
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Page 5 Advertisements
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Advertisement377 2007-04-02 5 living Together with This Planet Seeing... Just as the plants and trees do. Sharing...the awareness of flying birds. living.Jogether with (Mother Earth. For the sake of all living creatures, To preserve its natural beauty for future generations, We seek to live in harmony, because we really do care. Vili-LL' f377 words
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SINGAPORE MARKETS
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Article1171 2007-04-02 6 AcbonAaa 020 03-May *4% 174% MOt OS IH)i 004% AEM4vct*rti y '00 M-U>r llMOa, (MnwtiEnn k OB 074% 104% »4% f <oo 004% oac f us 27% Atcon 4e»Oence Trust II 13*155 2144a KMa 304* Ocaan5ky k 111 114% 1*4% IMr MEntarpniei 7 I* »<«« 04Ma, 21 4%1,171 words
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Article, Illustration674 2007-04-02 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent LAST week's column focused on the point that it is not valid to compare the present stockmarket slump with last May's six-week long correction, because the two are different. Markets fell in May 2006 because an expanding674 words
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378 2007-04-02 6 CURRENCIES AFP [HONG KONG] Major Asian currencies ended last week mixed against the US dollar, with investors cautious about the possible fallout from the escalating standoff between Iran and Britain. The Japanese yen flip-flopped during the week, eventually closing slightly down aheadAFP - 378 words
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Article, Illustration1879 2007-04-02 6 Consensus No.of Forecast Mean Frfs recommendation esti- EPS P€ target price Company name This wk Last mth mates (cents) (ratio) price Allco Commercial REIT 1.33 1.33 6 5.06 24.69 1.50 1.29 Allgreen Properties 2.78 2.78 9 6.30 27.32 1.48 1.75 Allied Technologies 2.50 2.00 2 1.30 8.85 0.151,879 words
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COMPANY NEWS
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312 2007-04-02 7 Reuters HONG KONG-based contract electronics maker Valuetronics Holdings Ltd expects 20-22 per cent growth in sales and earnings over the next 12 months, due to demand for digitally controlled toasters, coffee makers and shavers. Valuetronics, worth about US$65 million on the stockReuters - 312 words
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Article, Illustration428 2007-04-02 7 WONG WEI KONG - IPO WATCH It will use funds to expand locally and regionally By WONG WEI KONG AFTER serving up hearty soups made from family recipes for well over a decade, Soup Restaurant is now offering investors a taste of the company. Soup Restaurant has lodged aFILE PHOTO - 428 words
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236 2007-04-02 7 NUMBER CLOSMG GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST Of DAYS Of PRKES* REDEMPTION ISM GOOE DATE RATE (Vn) PAYMENT ACCRUED CXdUONG YIELD <%p*) DATES INTEREST ACCRUED INTEREST) <%p.a.) N*****0H 2002 2 5/8 3900.00 1/4 1/10 180 100.03 2.56 SG********** 01.04.2008236 words
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99 2007-04-02 7 NASDAQ-listed Multi-Fineline Electronix (M-Flex) yesterday said that it would extend the deadline for meeting the preconditions of its offer for all the outstanding shares of MFS Technology. The deadline is extended from March 31 to June 30, 2007. M-Flex had tried to pull out99 words
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592 2007-04-02 7 PAMELA CHEW - It rises 4.7% to $678.02b after market rebounds from recent dip By PAMELA CHEW THE Singapore stock market has rebounded from its dip during the Chinese New Year period, with the benchmark Straits Times Index (STI) ending at an all-time high. At the end592 words
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Page 7 Advertisements
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Advertisement93 2007-04-02 7 I-Tij CORPORATE RESIDENTIAL EXPERTISE: Home Search Market Research Lease Management TENANT Representation Tenancy Management LANDLORD Representation OUR SERVICES: COMMERCIAL COLLECTIVE SALES PROPERTY MANAGEMENT INDUSTRIAL INVESTMENT SALES PRESTIGE HOMES RESIDENTIAL RESEARCH INTERNATIONAL SALES VALUATION CONSULTANCY /call now Y For Residential Leasing Enquiries: (65) 6415 3639 (Office) (65) 9276 9975 (Mobile) Annice93 words
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Page 8 Advertisements
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Advertisement2562 2007-04-02 8 ffscs V Livwa Ticnnoioav SINGAPORE COMPUTER SYSTEMS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0071W NOTICE OF TWENTY-SEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-Seventh Annual General Meeting of Singapore Computer Systems Limited (the "Company") will be held at Auditorium, 7 Bedok South Road,2,562 words
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Advertisement2951 2007-04-02 8 HtS hwa hong corporation limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0130 C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifty-Fourth Annual General Meeting of Hwa Hong Corporation Limited (the "Company") will be held at Amara Singapore Hotel, Ballroom 1, Level 3, 1652,951 words
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SINGAPORE MARKETS
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Article, Illustration1520 2007-04-02 9 TEH HOOI LING - TEH HOOI LING Senior Correspondent OUR portfolios ended with a bang for the first quarter of 2007. Compared with midDecember. all the five portfolios rose significantly. The portfolio made up of stocks with the lowest forward price-earnings ratios shot up 40 per cent The1,520 words
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Article, Illustration749 2007-04-02 9 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI DIRECTORS and substantial shareholders were less active on the stock market last week. They did 69 deals worth $84 million, down from the previous week's 72 trades worth $102 million. Some 17 firms recorded 40 acquisitions worth749 words
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Article547 2007-04-02 9 STRAITS TIMES INDEX STOCKS Stock nam* Wt Oom Chang* Ailgreen 0.55 1 750 *0 030 Ascendaweit 0.91 2.390 -0.010 CaprtaCofnm 0.59 2.780 +0.050 Capitaland 543 8.000 Capita Mall 1.04 3.760 +0.120 Chart SemiCond 0.81 1.450 -0.020 CityOev 2.93 14.600 -0.200 ComfortDelGro 146 1990 +0.070 Cosco Corp 0.99 2.870 Creative Tech547 words
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VIEWS FROM THE TOP
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Article, Illustration2874 2007-04-02 10 THIS WEEK'S TOPIC PwCs perspective Gautam Banerjee Executive Chairman PricewaterhouseCoopers IN A ranking of global cities that include London, Paris, New York and Tokyo, it is heartening that Singapore tops the list for ease of doing business and scores well for demographic advantages and2,874 words
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DINING OUT
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Article, Illustration1145 2007-04-02 12 NEW MENU Peach Blossoms Marina Mandarin Hotel. Raffles Boulevard. Marina Square. Tel: 6845 1111 IT says a lot if the presentation of a dish can still make an impression on a few seasoned journalists. When chef Tan Yong Hua served his braised Shanghai noodles1,145 words
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Page 12 Advertisements
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SINGAPORE NEWS
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Article, Illustration721 2007-04-02 13 RONNIE LIM - Demand for storage has pushed rental rates up 10-20% By RONNIE LIM MORE international traders are eyeing the possibility of building their own oil storage terminals in Singapore, the world's third largest oil refining and trading hub, say industry sources. This comesREUTERS - 721 words
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211 2007-04-02 13 THE United Nations Environment Programme (UNEP) and the UN Global Compact are jointly organising a seminar which will bring climate change and environmental responsibility into sharp focus. The seminar, Global Business Summit for the Environment (B4E), will be held in Singapore211 words
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Article, Illustration317 2007-04-02 13 VINCENT WEE - OBITUARY By VINCENT WEE JOSEPH Eu, 80, chairman of traditional Chinese medical products chain Eu Yan Sang, died at Gleneagles Hospital in Kuala Lumpur in the early hours of Saturday morning. Speaking to The Business Times from the wake in Kuala Lumpur, the company's chief executive317 words
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732 2007-04-02 13 KALPANA RASHIWALA - One proposal is to allow all owners to apply to STB over compensation row with tenants By KALPANA RASHIWALA THE Ministry of Law kicks off a six-week-long public consultation for proposed changes to collective sales legislation from today. Besides four key changes announced by732 words
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Page 13 Advertisements
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Advertisement1885 2007-04-02 13 SINGAPORE COSCO CORPORATION (SINGAPORE) LIMITED (Company No.: *****0159G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Marina Mandarin Singapore, Level 1, Taurus Room, 6 Raffles Boulevard, Marina Square, Singapore *****4 on Wednesday, 18 April 2007 at 11.001,885 words
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Page 14 Advertisements
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Advertisement5138 2007-04-02 14 Cats Notices i n V *< j x* ,V < > <•"■< Xv *> «■-?-«<% r PT INTERNATIONAL NICKEL INDONESIA Tbk ANNOUNCEMENT OF THE RESULT OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS It is hereby announced to all shareholders of PT International Nickel Indonesia Tbk. ("PT Inco" or "the Company")5,138 words
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Advertisement103 2007-04-02 14 OCEANIC TRADING COMPANY (PRIVATE) LIMITED (Incorporated in the Republic of Singapore) Company Registration Na*****1636-C LOSS OF SHARE CERTIFICATE NOTICE is hereby given that the following Certificate has been reported losl mislaid or destroyed: NitntpfSharthQldw Certificate No No. of Shares Yeo Wang King 13 25,000 NOTICE IS ALSO GIVEN that replacement103 words
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US MASTERS
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Article817 2007-04-02 15 AFP [AUGUSTA, Georgia] Tiger Woods and golf were forever changed here 10 years ago when the 21-year-old prodigy humbled the sport's best players to win the Masters, becoming the first black golfer to win a major. Woods recovered from a four-over par 40 onAFP - 817 words
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Article, Illustration608 2007-04-02 15 Woods-Mickelson rivalry evokes memories of the Palmer-Nicklaus days AP [AUGUSTA, Georgia] THEY were the two dominant figures in golf, one of them inspiring adulation from his army of fans, the other evoking awe and appreciation for his skill and display of power. The greenAP - 608 words
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Page 15 Advertisements
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Advertisement74 2007-04-02 15 r i THE BUSINESS TIMES-CALLAWAY US MASTERS GOLF 1 Predict the winner of the US Masters 1 tournament and you could pick up: st r ze: Sssoo Callaway golf apparel voucher Callaway Big Bertha® 460 Driver 2nd Prize: Sssoo Callaway golf apparel voucher 3rd Prize: Sssoo Callaway golf voucher To74 words
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Advertisement140 2007-04-02 15 Transform your workplace with the new Samsung SCX-6345N copier Samsung SCX-6345N The power of this all-in-one digital office solution will J J 9 transform the speed and efficiency of your workflow beyond HBUAhH expectations, at a price that offers unbeatable value. With the high performance Samsung SCX-6345N, it's not that140 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1036 2007-04-02 16 HERMAN PHUA - A high-priced stock could be a bargain while a penny stock might not says HERMAN PHUA, as he discusses the meaning of value HERMAN PHUA VALUE is a subjective and complex concept. There may be things that have great value to some of us but mean1,036 words
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Article, Illustration813 2007-04-02 16 TAMARA MOHANAN KUPPUSAMY - CAMPUS LIFE TAMARA MOHANAN KUPPUSAMY finds out why a Sri Lankan student chose to study in Singapore TAMARA MOHANAN KUPPUSAMY WHEN I asked foreign student Eshan Salgado why he chose to study in Singapore, his answer was immediate: "Singapore is safer." It might appear813 words
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Page 16 Advertisements
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Advertisement251 2007-04-02 16 < Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we251 words
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ECONOMY WATCH
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256 2007-04-02 17 Bloomberg [BEIJING] China has no need to broaden the trading band of its currency, and appreciation of the currency alone is unlikely to solve its trade surplus issue with the US, a central bank researcher said. "There is no need" toBloomberg - 256 words
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Article, Illustration285 2007-04-02 17 Tight deadline to seal largest US FTAin 15 years AP, Reuters (SEOUL] South Korea and the United States raced against time early this morning to try to conclude a landmark free trade agreement as demonstrators took to the streets to denounceAP,; Reuters; AFP - 285 words
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193 2007-04-02 17 But country willing to make large cuts in farm aid to secure global free trade pact Reuters [CAMP DAVID, Maryland] President George Bush said on Saturday that the United States was willing to make substantial cuts in farm subsidies to achieve a globalReuters - 193 words
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Page 17 Advertisements
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Advertisement801 2007-04-02 17 I 1 ||H FRAGRANCE GROUP LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****6656 M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Fragrance Group Limited will be held on April 19, 2007 at 3.30 p.m. at Orchid Room, Level 2,801 words
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Advertisement1411 2007-04-02 17 OIFS Capital Limited (Company Registration No. *****08Z7C) (Incorporated in the Republic of Singapore on 28 March 1987) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of IFS Capital United will be held in the IFS Boardroom at 7 Temasek Boulevard #10-01 Suntec Tower1,411 words
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MALAYSIA
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Article, Illustration629 2007-04-02 18 S JAYASANKARAN - MALAYSIA INSIGHT The Iskandar Development Region, touted as Malaysia's new growth driver, should be encouraged to work S JAYASANKARAN KL Correspondent AHEAD of steam is building up over the Iskandar Development Region (IDR). And it's being generated by former prime minister Mahathir Mohamad629 words
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11 2007-04-02 18 AFP (Kuala Lumpur)AFP - 11 words
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Article242 2007-04-02 18 Planned meeting comes as KL misses deadline to name partner for Proton AFP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi is expected to meet top officials from German giant Volkswagen (VW) over the future of ailing national car maker Proton, a senior officialAFP - 242 words
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Page 18 Advertisements
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Advertisement307 2007-04-02 18 ii Hi ii r^mmmy. INSANELY §jtif§ti£fe()D, SOME PEOPLE EVEN v Jf <X tIcALL US AN INSTITUTION. R^fir Pooiside, level 4, above Tanglin Mail. Reservations recommended, lei: 6831 4373 Diners Club Card To apply, ca*****6 0980 1 A WorU of Exclusive Privileges Treats Diners Club www.Jmers.com.sg InternationalCome dine with us as307 words
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GREATER CHINA/INDIA
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277 2007-04-02 19 Reuters [BEIJING] China is likely to launch a new exchange with lower listing requirements aimed at start-up companies by 2008, an industry analyst and a regulatory source said yesterday. The exchange would be similar to the Nasdaq Stock Market or HongReuters - 277 words
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399 2007-04-02 19 Reuters [BEIJING] China's Chongqing City Commercial Bank has won government approval to sell a 17 per cent stake to Hong Kong's Dah Sing Banking Corp for about 700 million yuan (*****.5 million), the bank's chairman said on Saturday. The bank isReuters - 399 words
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Article, Illustration359 2007-04-02 19 Reuters [BEIJING] China should step up efforts to establish its promised foreign exchange investment agency in order to strengthen macroeconomic controls, a prominent government economist said yesterday. Xia Bin, director of the financial division of the Development Research Centre underReuters; REUTERS - 359 words
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Article, Illustration234 2007-04-02 19 AFP [SHANGHAI] Shanghai's new city boss Xi Jinping quietly took the reins last week amid expectations that he will heed the central government's policies while ensuring the local powerhouse economy stays on track. Mr Xi, 53, previously the Communist PartyAFP - 234 words
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508 2007-04-02 19 It will also purchase 10m tonnes of coal from one firm for power projects in India Reuters [MUMBAI/JAKARTA] India's Tata Power Co on Saturday came closer to securing long-term fuel supplies to produce cheap power by signing a US$l.3 billion deal toReuters - 508 words
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Page 19 Advertisements
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Advertisement1569 2007-04-02 19 EXCELPOINT TECHNOLOGY LTD. (Company Registration No. *****3280 C) ExCClpOlllt (Incorporated in the Republic of Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of Excelpoint Technology Ltd will be held at Paramount Hotel, 25 Marine Parade Road, Parawave, Level 4, Singapore *****6 on Wednesday, 181,569 words
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Page 20 Advertisements
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Advertisement3684 2007-04-02 20 Cats Notices DARCO DARCO WATER TECHNOLOGIES LIMITED (Company Registration No. *****6732 C) (incorproated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Darco Water Technologies Limited (the "Company") will be held at 18 Cross Street Bth Floor Marsh McLennan3,684 words
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Advertisement259 2007-04-02 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF BINTAN CARRIER SERVICES PTE LTD (Company Registration No. *****8748R) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50. that a Final Meeting of259 words
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MIDDLE-EAST
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352 2007-04-02 21 When 2010 race opens in Meydan, prize money will nearly double AFP [DUBAI] The world's richest race, the Dubai World Cup, will be run at a massive new horse racing complex from 2010 and will see its prize money almostAFP - 352 words
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308 2007-04-02 21 Reuters [DUBAI] Gulf Arab financial service companies, such as National Bank of Kuwait and Dubai's Istithmar, are finding it harder and more expensive to recruit, adding to their costs and in some cases limiting expansion. Competitors such as Morgan Stanley and Goldman SachsReuters - 308 words
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Page 21 Advertisements
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Advertisement9 2007-04-02 21 11 •—Ti>ti rrr. i BQBSBEmmmi -»l_» H9| ••••••ofiiitititi I9 words
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Advertisement2512 2007-04-02 21 Cats Notices ELECTROTECH INVESTMENTS UMFTED ELECTROTECH (Company Registration No. **********) (Incorporated in Singapore wtth limited HabWty) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company wM be held at 8 Cross Street, #11 -00 PWC Building, Singapore *****4 on Friday, 20 April2,512 words
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ASIA-PACIFIC/WORLD
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Article, Illustration763 2007-04-02 22 ANTHONY ROWLEY - Central bank worries as incentive to borrow and build remains strong By ANTHONY ROWLEY in Tokyo TOKYO Midtown, a vast new hotel and office complex featuring the Japanese capital's tallest building, formally opened its doors yesterday, one of a series of mega developments inBLOOMBERG - 763 words
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221 2007-04-02 22 Reuters [BARCELONAI Federated Department Stores, the world's largest department store chain, is considering whether to expand outside the US and build a global store network, its chief executive said on Friday. CEO Terry Lundgren spoke to Reuters at the World Retail Congress after meetingReuters - 221 words
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WORLD WATCH
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48 2007-04-02 22 Reuters [FRANKFURT] DaimlerChrysler AG could receive up to US$9 billion for the sale of its US-based Chrysler division, a German newspaper reported on Saturday. The Welt am Sonntag, in an advance report, cited sources close to the negotations as saying the saleReuters - 48 words
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61 2007-04-02 22 Reuters [LONDON] UK Property developer Berkeley Group Holdings is expected to announce today a £500 million (Ssl.s billion) joint venture with Saad Investments, its biggest investor, the Sunday Times reported. The joint venture is likely to focus on building up a long termReuters - 61 words
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Article2823 2007-04-02 22 Transaction date: Mar 30 For a full listing of the closing prices, log on to BT Online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG v* wo *i- -m» Aeon Credit 6J0 unch 0 A«on Stores 9-20 -0.SS 12 AngangSMel '3 56 0.40 7527 Anhui Conch 272,823 words
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509 2007-04-02 22 They are on track for record year despite downturn AP [NEW YORKI Blue chip stocks might have just suffered their worst quarter in two years, but that didn't stop Wall Street's army of investment bankers from putting together deals at a record pace.AP - 509 words
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AVIATION/SHIPPING
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557 2007-04-02 23 YEN SREENIVASAN - EDB says master plan for the facility will be unveiled in a few months By YEN SREENIVASAN [SINGAPORE] The $60 million Seletar Aerospace Park initiative is well on track and response from industry players has been very strong, a leading official of557 words
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283 2007-04-02 23 AFP [MARSEILLE, France] The French southern port of Marseille was back in business yesterday after an 18-day-strike ended with an agreement meeting union demands. Workers at Europe's second largest oil terminal after Rotterdam on Saturday endorsed a deal ending a dispute over theAFP - 283 words
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167 2007-04-02 23 AFP [SINGAPOREI Asian airlines are likely to see a drop in earnings over the next two years due to growing competition from Middle Eastern firms and regional low-cost carriers (LCCs), an industry group said yesterday. A renewed focus on the region by EuropeanAFP - 167 words
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Page 23 Advertisements
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Advertisement363 2007-04-02 23 Sea ASIA NEW MARITIME HORIZONS <£~V. V 2-4 AHUt 2007. SUNTECSWGAPORt *•> luwiwi Muiuiwi ppwn incorporating a tints ot rwgivwvw coawtmcm, an nter national exhibition, and techncat workshops I Asia Pacific Maritime 2008 >-T'" I 1 Asia Pacific I I 26-28 March 2008 Singapore Expo Hall 3 maritime I I363 words
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Page 23 Miscellaneous
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Miscellaneous357 2007-04-02 23 CRYPTIC CROSSWORD shown by male behind church movement for reform j j 0 Self-satisfied society joined by jjjPL—.pH—lß-—Jll|— simpleton (4) 10 I I I I I j I j I j 11 Revolvers seen at entrance to -^_J |H 12 Protester losing head makes a sign (6) j I j357 words
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Article6982 2007-04-02 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ dy Syr %dy %yr %dy %yr Mar 30 Index Change Change Change Change Change Change The World Index Preliminary 1114.8 -0.4 13 -0.4 0.6 -0.5 1.7 EAFE Preliminary 1138.5 0.0 2.8 0.1 2.4 0.1 3.5 Europe6,982 words
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Advertisement861 2007-04-02 26 UK CONTIMEMT SERVICE U.3.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMNALB/NAN AURORA SAPPHIRE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Des, j natio Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT ntmrmryAAA iKJr/RCW PAN DYNAMIC ADN/JDH/BJA QUOC INC/BSN VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.861 words
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Advertisement1331 2007-04-02 26 IINTERASIA RORO SERVICE vßsa/vor oamtpct) hbghtpi n» mi io aw jkt STIATTS EXPRESS 7 30 4.0 01/04 05/04 04/04 10/04 snAnsarasi 30 4.0 15/04 19/04 72/04 24/04 I AUSTRALIAN RORO SMVfCE I Vtssa/VOT Mjgw MBGWIW I IO I I STB 1 AOI W MESOEN/M2 100 S.O IUI/03 01-01/04 03-OVO4 OS-M/041,331 words
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Advertisement1599 2007-04-02 27 WAN HAi INTERNATIONAL PTE LTD a ho= iwswoooo/r VTrA (lIAII 11 A I |||p« T1L*****5M (HUNK) FAX:*****163 \\\M N WAN HAI I INF\ CMteiwSarvia/loaktagsnractUM-(1800)*****200 Y WWfIM llnl bllYhl# naiH;(O3)3J46MHHU;(O3)J342J2UrBim;(O4)226S9OOfiUtIOOTTHW V- JOHIR: 107) 251W23 MX: |07)251W21 SW IB: (031) *****7S FAX: (031)*****14/ *****0$ WWW wonhoi cam so (021) ***** M FAX.1,599 words
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Advertisement1138 2007-04-02 27 |-gr\ EASTERN CAR LINER, LTD W, :"M 1 SPfOAUZI Ml NCttO* HEAVY LIFT UPTO 450 TONS piaamfflMMM vot~ uhmT) sw I ml m* JKT su» iq IB- i I i I 11l 51 jM '\WI'YOT UMiflm I SMGAPOtt I CU I rcw I CHOI VIZ Iw «L lip |~M 01/051,138 words
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Advertisement160 2007-04-02 27 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI I Vissa IVOYAGE ETAMNGATOtE ETA KAAAOO lISUNAIAO TIA 15.05.2007 25.05.2007 lm 1 TIA I HMJW 1t.66.Mi? Mv* SEA-PAC MANAGEMENT PTE. LTD. 70 Anion Rood #17-07/08 Apw Townr, fcppow *****5 Tahphonw 6270 0977 VII Facsimile: 6275 2909 T«lmc K ***** SIAPAC160 words
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Advertisement587 2007-04-02 27 I® WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «sa wt I sin I pjojmc coiowo snm coto*i>o IWCM m »MAI MUM 31 MM 04AH MAW mrmm ww wv* ww iiw HOWAHM OttlW 10 Aft II Oft HAH HAW PAW AISO ACCFTWB KllO COOOI IWIKORM587 words
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THE BUISNESS TIMES SHIPPING TIMES
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6236 2007-04-02 28 ETA ETA A»cHmi Vessel Voyage Tatapfcaaa SM Dasfn Nam Nam* Namar Naiabar To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/04 17/05 Mnus DtLMAS BAUOtN 717W *****344 To ABU DHABI (AUH) 2004 U. A. Emirates I6XM 30/04 SO EMfRATtS KANAK0 714W *****355 To ADELAIDE (ADL) 20076,236 words
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Advertisement490 2007-04-02 28 [VESSEL VOY I PKL I SIN I KHI I DXB BAB PMM K KHO IRAN BAABAEI PCLBI92 04/04 05/04 14/04 17/04 18/04 24/04 26/04 28/04 IRAN SATTARI KL8193 09/04 10/04 19/04 22/04 23/04 29/04 01/05 03/05 WAN TABATABAII PCLBI94 16/04 17/04 26/04 29/04 30/04 06/05 08/05 10/05 I VESSEL VOY490 words
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Advertisement409 2007-04-02 28 PACUNtM 1M ***** 5513 Binr Ifoi 037©4 TDQDJvn ma 570 Sra with wi mH mH M<UNM TBW JT7H JT7B WHAM WW 11/5 JJ/5 WUH imw 11/ M W/14 WIM W! gg W/M tothkt mob Ura OTH -R&SOS Ss H751 Sta ~ggg~=fg==fg= Bias =M==lg==gg= Ihhwwi mm 7i)w nyw wGSBft SB wB409 words
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Advertisement288 2007-04-02 28 flail GLORY IMHMINN GROUpI I SNKE I*7l I I OWNS A OPERATES THE YOUNGEST FLKT I WITH TWELVE 7,000 DWT TWEEN DECKERS COVfRMG I THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WHKLY SERVICES: m KAOHSIUNG A CHINESE PORTS, HONG KONG I TO* FROM I SOUTHEAST ASIA J SKUNK NUT288 words
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BizIT
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Article, Illustration358 2007-04-02 30 PAMELA CHEW - It bundles graphic design titles with animation and Web design tools, writes PAMELA CHEW PAMELA CHEW ADOBE Systems has released Creative Suite 3 (CS3), which it says combines the best of Adobe and Macromedia product innovation to provide designers and developers with an358 words
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Article, Illustration266 2007-04-02 30 LOCAL IT notable Stephen Yeo has been selected to chair a new national-level committee re-constituted from the National Internet Advisory Committee (NIAC) and its related unit, the Community Advisory Committee (CAC). The re-constituted Internet and Media Advisory Committee, which comes into being266 words
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223 2007-04-02 30 LAT-WP [NEW YORK] In Japan, a company is packaging iPod Nanos in leather cases engraved with etchings of Mickey Mouse. The iWoofer loudspeaker from Rain Design for iPods looks like an alien from Close Encounters. From Philips comes a sleek dock designed to playLAT-WP - 223 words
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Article, Illustration615 2007-04-02 31 ROLAND LIM - Its services business has been a very strong performer writes ROLAND LIM ROLAND LIM Buoyed by the booming economy, document management solutions firm Fuji Xerox is expecting to end its fiscal year with "double-digit growth", according to the head of its Singapore operations. "The businessFILE PHOTO - 615 words
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526 2007-04-02 31 WINSTON CHAI - By WINSTON CHAI DATA security appliance maker Secure Computing is beefing up its local headcount and adding technical support facilities as part of an ambitious plan to double regional sales over the next few years. The San Jose, Califor-nia-based company, which started out with only526 words
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Article, Illustration747 2007-04-02 31 KENNETH JAMES - <we say> Singapore generally excels in global IT and business ranking exercises but recent studies raise important questions KENNETH JAMES Technology Editor SINGAPORE rocks, according to several global IT and business ranking exercises. But hold on; Singapore is rock bottom in747 words
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144 2007-04-02 31 Reuters [NEW YORK] Internet services company AOL said on Friday that its Advertising.com unit would manage advertising sold on a new online video venture being built by media conglomerates News Corp and NBC Universal. News Corp and NBC announced lastReuters - 144 words
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Article, Illustration522 2007-04-02 31 WINSTON CHAI - <what's new> Compiled by WINSTON CHAI Nokia's new smart phone points the way NOKIA has launched the N95, a new smart phone with support for speedier Web surfing and GPS (global positioning system) navigation. The 3G slider allows higher speed data transfer through its support for HSPDA (High Speed Downlink522 words
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Article, Illustration445 2007-04-02 32 WINSTON CHAI - <what's up> Compiled by WINSTON CHAI New COO for micronDß DATA recovery specialist micronDß has appointed Patrick Koh as its new chief operating officer (COO). A veteran of over 25 years in the IT industry, he will now be responsible for overseeing the day-to-day operations of micronDß. Mr Koh was445 words
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Article, Illustration846 2007-04-02 32 AMIT ROY CHOUDHURY - The region contributed 14 per cent to global revenues of US$4.4 billion, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY RIDING on good customer demand for its products, enterprise software maker Oracle last Friday announced a 34 per cent hike in revenue in the Asia846 words
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Advertisement70 2007-04-02 30 Applications "Unlimited" Oracle Siebel People Soft JD Edwards Continued New Releases Customer Driven Product Roadmaps Dedicated Development Teams No Forced Migrations Get better results with proven applications tailored for your industry, processes and geography. oracle.com or call 1.800.672.2531 Copyright 0 2006, Oriel*. All rights reserved. Oracle, JD Edwards, People Soft70 words
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Advertisement19 2007-04-02 30 radio 910 j HMMMMfeiI Radio 91.3 is managed by SPH Unionworks, a subsidiary of Urn Singapore Press Holdings 019 words
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Advertisement22 2007-04-02 31 It**##. I Lianhe Zaobao B Time to gain I I exposure to I I semiconductor I I 1 I I I I22 words
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Advertisement397 2007-04-02 32 wk wm .IW an- ***** VK>*«jg IterlrrM Qt M fill jMplf? V BB fl ..-^w^f^til %^^w^jc?il» i%<SS3ts s.RJv^"MSe^PRwdH* iW?t -v .J^^l^^H^^^H^^HPl^H 1 y^-^^SBBS v# A z*£^&W&^&BMßt MP «V*> «ss fejfS' »::;^>^»«BM«rogBtoairfpßM«Kra j£ r y\^u.,£a x f if: JhMIHHiiM imagine true togetherness Imagine the perfect wkJescreen monitor designed for Windows Vista"'397 words
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Advertisement7 2007-04-02 32 WE SAY Those global IT comparisons PAGE3I7 words
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Advertisement220 2007-04-02 33 ff Ikl Infill y I® 1 iVJl'lilkd iWi ea if kWi 111 'J 111 ivi I asial Br kyi lIIT J I I Jr ft Jfml kl I 111 IH J M s .> :;J^^W^M^w^SWJWmIB ■iiAyillL jjagsa&sgigEpj^ppjjijiapisfc^ V V Coordtaator George Joseph EdHor Baine Koh Suto-Mttor Aduthan TX Covr design:220 words
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Sea Asia 2007
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Article, Illustration978 2007-04-02 34 GEORGE JOSEPH - The inaugural Sea Asia event will highlight growing Asian clout in maritime industry and issues from attracting talent to financing trends, says GEORGE JOSEPH GEORGE JOSEPH THE inaugural Sea Asia has attracted local and worldwide interest with top level participants, conference speakers andBLOOMBERG - 978 words
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Article, Illustration1420 2007-04-02 36 MPA has launched various projects in partnership with universities and the marine industry to promote Singapore DEVELOPING Singapore into a centre of excellence for maritime research and development (R&D) and staying at the forefront of maritime technology is an important part of the Maritime and Port AuthorityBLOOMBERG - 1,420 words
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Article, Illustration553 2007-04-02 36 The rise of China and India underlines the need for a cohesive voice MUCH of the fundamental decisionmaking, especially on regulatory matters and issues which affect the global maritime industry, have traditionally been driven from a western perspective. Europe and the US are the553 words
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Article, Illustration510 2007-04-02 38 DOMALD URQUHART - A new standard is being developed to meet the risk management requirement under the Safe Framework, says DONALD URQUHART DOMALD URQUHART WITH a seemingly unending raft of security protocols and procedures coming on stream in the maritime sector since 9/11, shippers, ports and shipping linesJAMES TOURTELLOTTE - 510 words
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Article, Illustration600 2007-04-02 39 GEORGE JOSEPH - Singapore's excellent connectivity makes it ideal for a flagship event like Sea Asia, SMF exec director David Chin tells GEORGE JOSEPH GEORGE JOSEPH IF Singapore is to be a true international maritime centre, then it needs to develop a flagship shipping event forYEN MENG JIIN - 600 words
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418 2007-04-02 39 GEORGE JOSEPH - By GEORGE JOSEPH IN the development of Singapore as an international maritime centre, the authorities have done their best to cater to the needs of shipowners for access to ship finance. Whereas in the past it was believed that local banks were wary418 words
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Article, Illustration1083 2007-04-02 40 DONALD URQUHART - Local shipyards are going full steam ahead, thanks to the surge in offshore oil and gas exploration, writes DONALD URQUHART DONALD URQUHART THE sun never sets in Singapore at least not when it comes to its shipyards. Once famously heralded as a sunset industry, the1,083 words
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Article, Illustration945 2007-04-02 41 DAVID HUGHES - Insurers are warning of a rising trend in accidents due to stress and a shortage of skilled mariners, says DAVID HUGHES DAVID HUGHES LOOKING at the current shipping scene, it all feels rather like the early 1970s again. Owners are making money, building bigger andAFP - 945 words
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Article, Illustration679 2007-04-02 42 TORE MORTEM WETTERHUS - A holistic approach to fuel management calls for careful planning and realistic targets, says TORE MORTEN WETTERHUS TORE MORTEM WETTERHUS AS high bunker costs continue to dominate the increasingly regulated shipping industry, many ship operators have come to realise that they must do more to679 words
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Article, Illustration641 2007-04-02 42 THE need to meet the growing needs of maritime customers has brought together two leading players in the satellite and communications industries in a multi-million dollar deal. Singapore's Sing Tel, a founding partner of Inmarsat services, has entered into an alliance641 words
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Advertisement48 2007-04-02 34 Wmil i nSPWillfe* if&Jr-sK 1 ftsalisS»v£ -J&jMtt* F I I Maritime and FwtAuhority of Singapore *+^+.-m 460 Alexandra Road, #19-00 PSA Building, Singapore *****3 Tel: (65) *****600 Fax: (65) 6275 9247 www.mpa.gov.sg M P A www.singaporemaritimeportal.com Singapore 2: ■>? >mrn 'Tflp*. i' v i OMiV i«• SW "%v ■•k48 words
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Advertisement75 2007-04-02 35 awJ BilffliflM yv^.-rf- < 4ly^^'■''•? y^>-'^-/- '.''jS£fe» ffsjl? 3 f "*£h v V &V v i'"'iL r ''M VW& v'..- y i> T-v- r^-^'aV.V 1 3/ > i fe 4-U'-"-' I'V 1 V f A >• K 1 v '■-S-iW-. ■<- -vi-M'i o/ V .>> .v,":"i-:>' < 4?" >: r75 words
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Advertisement34 2007-04-02 36 PORT OF Le HAVRE AUTHORITY CW BINQAPORE PTE Ltd 108, Middle Road 06-02 Bright Chambers SINGAPORE *****7 SINGAPORE Tel 85 6339 60 55 Fax 65 6338 94 89 ou 51 E-mail: dgrataloupOcw.com.eg kellyOcw.com. eg34 words
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Advertisement71 2007-04-02 37 t#, JMaßtarelre. ■■HHi I >' jj VMU/U&CU/ A ■RBHllExhibition Stand GOl H 1 Et: Wmmw Tfe-';-r. 1 J Pa \vv ui^l \\f- M A u VYI T--* ''!TE2SS AH r r K ,jr v J H MM jirv \X* 1 v &S£s%& 8 W|&- 4k 4 %*f* 4 v? ~.;•»^r*.71 words
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Advertisement67 2007-04-02 39 5 ww mm m *—mr w v v" r i 'U' v -W>- 4 rwJ^ r &«PßWi*..3iak■ nsngHKM .•-••••»•,••.•fcl^.''•. V«"-' > '&iJkMe.*'Bk, W^^Mrar^^SMinSnMMßK'' ~-v BE E5 t\jL v"jvfl^HNgj^; Subsidiaries: SembCorp DDI Marine SfLmwam smoe JVL3rillC JUROMi SHIPYARD SHIPYARD ~=T SHIPYARD PTE LTD JUMJNQ SML Pit LTD 29 Tanjong Kling Road67 words
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Advertisement29 2007-04-02 41 GEMINI MARINE PTE LTD 10 ADMIRALTY STREET, NORTH UNK BUILDING |jg| J- #01 -83. SINGAPORE *****5 jf, I y* o l it 1 Tel:+6s-*****419 Fax:+6s-*****429 24/7 Service Hotline: www.performance-boatm^^^Bß^^P^29 words
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Advertisement99 2007-04-02 41 W *#3 ,11 yr^MTn'iinyiriwr x/!■ 1 1 As a one-stop maritime services hub, DNV Singapore has the technical know-how, experience and support network to deliver a broad spectrum of solutions through the following business centres: Maritime Classification, Maritime Solutions, Offshore Classification, DNV Seaskill, DNV Petroleum Services and DNV Software. Please99 words
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Advertisement43 2007-04-02 42 We deliver on our Promises ■a ijt v .I" Hp TtWfcm v 4"" Serving you at over 150 ports in the Far East, China, Southeast Asia, Australasia, Indian Sub-continent, Middle East, Red Sea, Africa, Europe, Canada South America. Mil. SmSASSm* m Ifli www.pilship.com >43 words
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Advertisement594 2007-04-02 43 Sea SIA Glimpses of whafs on keynote sesskw: 0900-1130 hrs Finance for Asian shipping IMG shipping today and tomorrow ■THE ASIAN VOICE VI WORLD SUPPING MORNING SESSION: 0930-1200 HRS [jPBS~I hassoc^v^Soc^^ teT^&Terminal Operators Ltd The keynote conference session of Sea Asia 2007 will examine the issues, both commercial MW E594 words
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Advertisement298 2007-04-02 44 1 ,1 gl I a isMi 17 K Growing BSi beyond to provide unmatched solutions for our customers Keppel Offshore Marine the Provider of Choice and Partner in Solutions. A home-grown company, Keppel Offshore Marine distinguishes itself as the world leader in the design and construction of offshore rigs. It298 words
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