The Business Times, 28 June 2007
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2007-06-28
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The Business Times
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Title Section18 2007-06-28 1 THE BUSINESS TIMES Thursday, June 28,2007; A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 S]N6APoREBsjjswt^ online at http://business-times.asial.com.sg18 words
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Article, Illustration624 2007-06-28 1 MICHELLE QUAH - Transparency of accounting, governance crucial By MICHELLE QUAH Source: Ernst Young [SINGAPORE] A company's value is determined largely by its financial reputation but the ever-increasing sophistication of the marketplace means that what makes a reputation has evolved through the years, says accounting giantSource: Ernst & Young - 624 words
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993 2007-06-28 1 LYNETTE KHOO - Mayor MAS, SGX review makes key proposals to strengthen standards By LYNETTE KHOO [SINGAPORE] Singapore public companies need more independent and bet-ter-trained directors who are rewarded in a more transparent way, a study commissioned by the Monetary Authority of Singapore and the Singapore Exchange993 words
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Page 1 Advertisements
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Advertisement13 2007-06-28 1 PROPERTY No plans to ease curbs on foreigners buying landed property page 213 words
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Advertisement7 2007-06-28 1 lags region Markets Digest Page 2 87 words
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Advertisement11 2007-06-28 1 Mapletree profit soars to $1.07b on revaluation gain PAGE 4 V!11 words
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Advertisement26 2007-06-28 1 COMMENTARY Lefs not make an Opera out of IPOs J OIL IMPORTS S'pore bucks trend with 7.8% rise in imports PAGE 11 Chopard The ultimate reference26 words
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TOP STORIES
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669 2007-06-28 2 KALPANA RASHIWALA - Scarcity calls for special approval for purchases by foreigners By KALPANA RASHIWALA [SINGAPORE] There are no plans to liberalise the existing restrictions on foreigners buying landed properties in Singapore, the Law Ministry said yesterday. "In land scarce Singapore, landed669 words
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433 2007-06-28 2 VINCENT WEE - By VINCENT WEE [SINGAPORE] Businesses wishing to expand are least likely to face obstacles from red tape and regulation in Singapore, according to the latest Grant Thornton International Business Report. And overall, the re i public had the lowest constraints433 words
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Article137 2007-06-28 2 sn 3,505.50 (-19.60) ST INDEX FUTURES 3,506.00 (-19.00) siMsa 432.84 (-3.36) SIMSa FUTURES ***** (-4.50) MARKETS Wednesday Change KLCOMP 1.357.43 -9.56 NIKKEI 225 17.849.28 -216.83 HANG SENG 21,705.56 -98.01 SET INDEX 771.00 +4.03 JAKARTA COMP 2,125.34 -28.20 MANILA COMP 3,587.21 -69.91 SEOULCOMP 1.733.10 -16.45 SHENZHEN B 693.44 >6.68137 words
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Article, Illustration840 2007-06-28 2 MICHELLE QUAH - Nations competing to attract and keep inward investment By MICHELLE QUAH Source: Reuters [SINGAPORE] Indirect taxes, such as the Goods Services Tax (GST) in Singapore, are growing in importance in just about every economy around the world, as governments look toSource: Reuters - 840 words
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Article385 2007-06-28 2 DBS takes targeted approach to China DBS Bank, armed with a licence to incorporate in China, now has full access to the country's retail banking market estimated at around 16 trillion yuan (S$3.1 trillion) in household deposits. But rather than rushing head-first to offer every conceivable financial product,385 words
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Article, Illustration729 2007-06-28 3 CHOW PENN NEE - Bank's strategy is to focus on specific segments and offer select services By CHOW PENN NEE [SINGAPORE] Far from being a kid in a candy store, DBS Bank is navigating its way through the vast opportunities of China like an old, experienced hand. Armed729 words
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Article, Illustration600 2007-06-28 2 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] Germany's Lanxess AG has shortlisted Singapore as one of the sites for a manufacturing facility to make butyl rubber, a raw material for the tyre industry. If Singapore manages to win over the chemical giant, it would600 words
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561 2007-06-28 3 Move aimed at encouraging saving, deterring flow of funds into equities Bloomberg [BEIJING] China is poised to scrap a tax on interest income to encourage households and companies to save, deterring the flow of funds that's pushed the benchmark equity index toBloomberg - 561 words
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Page 3 Advertisements
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Advertisement142 2007-06-28 3 meoical centre senses. I A ZEN-INSPIRED COURTYARD ON THE Bth8 th FLOOR The Bth8 th floor is also highly prized as it is io°"(enu« ng" I Medical Center's focal point the Ska™ KKWom«rJp I Courtyard is designed to provide SWa™ wF/g Q J soothing visual xeßef, and a ai/ry «UKfT142 words
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COMPANY NEWS
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647 2007-06-28 4 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG IN most situations, poison pen letters especially when sent anonymously are viewed with scant regard. But not when it comes to initial public offerings (IPOs). And that's something which is rankling some market players who647 words
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270 2007-06-28 6 KALPANA RASHIWALA - By KALPANA RASHIWALA WATER treatment specialist Hyflux Ltd has secured new projects worth about 237 million yuan (5547.8 million) in China. Its fully-owned subsidiary Newspring Utility has been given a 28-year concession in Xiajin, Shandong Province, to design, construct, operate270 words
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Article, Illustration382 2007-06-28 6 Reuters SHARES of United Test and Assembly Center (UTAC) rose as much as 83per cent yesterday after private equity firm Texas Pacific Group and Asia-focused v buyout firm Affinity Equity Partners offered to buy the Singapore microchip tester. UTAC shares hit 551.17, aReuters; FILE PHOTO - 382 words
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379 2007-06-28 6 KALPANA RASHIWALA - Juken to buy 80.1 of Cubic Electronics By KALPANA RASHIWALA UNDER a proposed reverse takeover deal, Juken Technology will be paying $95.1 million for an 80.1 per cent stake in Malaysia's Cubic Electronics Sdn Bhd, which makes sound cards and MP3 players for Singapore's Creative Technology. Juken, which is in379 words
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232 2007-06-28 6 It may buy land valued at $2.3b Bloomberg DIGILAND International Ltd, a Singapore-based distributor of computer parts, is in preliminary talks with Vincente Holdings Pte for a reverse takeover to tap growing demand for property in the city-state. Digiland shares droppedBloomberg - 232 words
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644 2007-06-28 9 SIOW LI SEN - Independent director Helen Yeo brings forward her retirement By SIOW LI SEN THE rift between Stanley Tan and his fellow independent directors (IDs) at Yellow Pages continues despite the withdrawal of Mr Tan's motion to oust the four directors at today's644 words
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Article, Illustration255 2007-06-28 9 Bloomberg CHINA will be Asia's biggest and fastest growing market for asset-backed securities in the next three years, said Olivier Lim, chief financial officer at Capita Land Ltd, South-east biggest property developer. "One of the main motivating factors is that China wantsBloomberg; ARTHUR LEE - 255 words
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569 2007-06-28 9 But markets won't prosper until retail side takes off Reuters PROPERTY derivatives are taking root in Hong Kong and Australia and will soon debut in Singapore and Japan, according to broker GFI, but markets will not prosper until banks create products to draw retail investors.Reuters - 569 words
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302 2007-06-28 9 KALPANA RASHIWALA - By KALPANA RASHIWALA THE tender for Farrer Court, Singapore's first billion-dollar collective sale, closed yesterday with strong bids, industry players reckon. Speculation was that Capita Land was the front runner and was engaged in negotiations late last night. Credo Real Estate, which is handling302 words
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223 2007-06-28 9 Reuters SINGAPORE-based Emirates Tarian Capital will launch a Syariah-compliant investment fund worth over US$4OO million targetting Asian properties across all sectors, its managing director said yesterday. "It will look at properties across the region. It will look mostly at commercial andReuters - 223 words
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716 2007-06-28 4 KALPANA RASHIWALA - The Temasek subsidiary also unveils plans to launch more Reits on SGX this year By KALPANA RASHIWALA TEMASEK Holdings' Mapletree Investments has topped the billion-dollar mark In earnings for the year ended March 31, 2007, thanks to a huge $971.2 million716 words
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458 2007-06-28 6 LYNETTE KHOO - OECD survey lauds firms' results but it says on-going work necessary By LYNETTE KHOO COMPANIES in Asia have taken great strides in improving corporate governance since the Asian financial crisis 10 years ago, but on-going commitment to implement and enforce them is necessary458 words
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Article, Illustration915 2007-06-28 5 BT ADVERTORIAL Favourable winds are propelling Omega to new heights ON June 6, 2007, Emirates Team New Zealand emerged as the victor of the Louis Vuitton Cup. Held at Valencia in Spain, the competition saw 11 teams vying for the prestigious Louis Vuitton Cup. As victor, Emirates Team915 words
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Page 6 Advertisements
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Advertisement125 2007-06-28 6 oyou qq© ro Date ;30 Jurt© ft 1 :10am-7pm m Exclusive Talk on MMfiH to confirm attendance or for more information please call the number bottom panel. 1 f •"i 1§M!&PI jtapan f MMra I f I I I I 4 l|Bt ***** it -c,. -a Leisure Forrfl Corporation Sdn125 words
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Page 7 Advertisements
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Advertisement16 2007-06-28 7 BNP PARIBAS INVESTMENT PARTNERS s A dream team to help you compose your success '*—'»*>*« >'<' -—> >- «»«»"»*<i •»<•'. •wqpNp*16 words
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SINGAPORE MARKETS
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Article, Illustration498 2007-06-28 8 R SIVANITHY - STOCKS ST Index gives up 11-point gain to end 19.6 points down in volatile session R SIVANITHY Senior Correspondent Source: Bloomberg BANKING and property stocks were sold off yesterday as the Straits Times Index continued to come under pressure, dropping for the fourth consecutive sessionSource: Bloomberg - 498 words
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Article, Illustration914 2007-06-28 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Unch Up Dew* Uwdi Multi Ind 3 10 5 0 0 0 3 10 5 Manufacturing 79 74 74 16 21 17 95 95 91 Commerce 31 32 18 10 8 7 41 40 25 T pt/Stor/Cofn ms 8914 words
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Article, Illustration418 2007-06-28 8 CURRENCIES Reuters [LONDON] The yen rose broadly and high yielders dipped yesterday as falling global equities, rising volatility and concerns about the US subprime mortgage sector made investors more wary of risky carry trades. The yen also benefited from comments by Japanese FinanceReuters; AFP - 418 words
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Article, Illustration877 2007-06-28 8 UMA SHANKARI - Compiled by UMA SHANKARI Datacraft June 27 dose: US$l2B Citigroup Research, June 26 POSITIVE undertones: We recently hosted Datacraft for a roadshow in the US. Datacraft remains one of our top picks among tech names for its improved earnings visibility and upside potential. In addition, recent initiatives in877 words
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Page 9 Advertisements
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Advertisement20 2007-06-28 9 ■913fWi wwwradio9^ Radio 913 is managed by SPH Unionworks, a subsidiary of Giv Singapore Prtss Holdings H Sgv ft nI,20 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1168 2007-06-28 10 CHUANG PECK MING - New trading institute aims to meet rising demand for professional traders and do research as well, writes CHUANG PECK MING CHUANG PECK MING ALTHOUGH the world recognises Singapore as one of its top trading hubs, apparently not everyone at home does. "We thoughtFILE PHOTO - 1,168 words
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Article, Illustration540 2007-06-28 10 CHUANG PECK MING - By CHUANG PECK MING *rr'S still early days but Gerry Craggs, steel "trader Stemcor's managing director in South-east Asia, is confident that the newly launched International Trading Institute will Ije a siiccess. But it will need the continued backing of the government and, especially,540 words
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Page 10 Advertisements
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Advertisement248 2007-06-28 10 lIH sssr* the Business Times I S»NGAPO*E Singapore a Ready for Global Opportunities? Jrrtm Hear from top Asian business leaders on opportunities in internationalisation and trade: pil Dr William K Fung, Group Managing Director, Li Fung Limited Mr Subramaniam Ramadorai, CEO Managing Director, Tata Consultancy Services Limited '"^IHIHRHH Jg Mr248 words
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SINGAPORE NEWS
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439 2007-06-28 11 GRACE CHUA - Malaysian panel addresses concerns over crime in Johor By GRACE CHUA DETAILS on the Iskandar Development Region's (IDR) package of investor incentives will be released in the third quarter of this year, a conference held here for potential investors was told yesterday. This439 words
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Article, Illustration611 2007-06-28 11 UMA SHANKARI - By UMA SHANKARI THE government yesterday said that nine sites are on offer under its industrial land sales programme for the second half of this year three more than the sites it put on the market for the first half611 words
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Article, Illustration588 2007-06-28 11 ANNA TEO - By ANNA TEO AMID fresh concerns about a return of financial market volatility, some analysts remain steadfastly bullish about the region's outlook. Credit Suisse's Sailesh Jha is one and, in his view, consumer spending is key. Not just the spendingREUTERS - 588 words
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565 2007-06-28 11 RONNIE LIM - Demand in global markets starting to recede due to high oil prices: BP report By RONNIE LIM SINGAPORE'S oil imports continued to grow at a brisk 7.8 per cent last year even as most other countries began to trim oil consumption565 words
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Page 11 Advertisements
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Advertisement113 2007-06-28 11 The UOB High Yield Account is the only chequing account that combines the value of your deposits and investments* to give you a higher interest rate. So the more wealth you consolidate with UOB, the higher your returns. To discover how UOB Privilege Banking can make your money work harder113 words
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ECONOMY WATCH
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Article, Illustration360 2007-06-28 12 Fiscal, debt, FX, reserve positions of emerging markets are more stable now Reuters [ISTANBUL] The head of the Organisation for Economic Cooperation and Development (OECD) does not believe there is a risk of an emerging markets selloff due to global monetary tightening.Reuters; AP - 360 words
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443 2007-06-28 12 FOMC members more optimistic about productivity Bloomberg [WASHINGTON! Federal Reserve policy-makers disagree with their own staff economists and a growing chorus on Wall Street who say the US economy can't expand as fast as it used to without pushing up prices. TheBloomberg - 443 words
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332 2007-06-28 12 Reuters [SINGAPORE! The growth outlook for Asia has brightened in the past few months with exports holding up surprisingly well in the face of a US economic slowdown and consumer spending on the rise, a Reuters poll shows. Economists canvassed in the quarterlyReuters - 332 words
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Page 12 Advertisements
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Advertisement214 2007-06-28 12 IN ASSOCIATION WITH THE STRAUS TIMES www.glottalbrandlorum.org Jw r^'lil^ltflJiiil _m Hi) |i'Hl'iflftl^iß:-.<M|k 1 §|sfefs l&l ON WHAT ST TAKES TO CREATE LEADER BRANDS The most anticipated brand forum in Asia returns this August for two days only at the Ritz-Carlton, Millenia Singapore, with invaluable insights from the mavericks who have214 words
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Advertisement47 2007-06-28 12 lIK*€MA. I Lianhe Zaobao I Apple's iPhone on sale I lin the United States tomorrow. I I Who are Its I I opponents? I I iPhone WSUBJItt I I I I KD I I fll f B« J«nny's Btrtttday HAiB|D[F|al H J l K l L ßl47 words
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MALAYSIA / INDONESIA
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Article252 2007-06-28 13 AP [KUALA LUMPUR] A prominent founding member has resigned from Anwar Ibrahim's opposition party, claiming yesterday that many party supporters have grown disenchanted with the former deputy prime minister. Ezam Mohamad Noor, the ex-youth chief of the People's Justice Party, said he announced his departureAP - 252 words
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Article, Illustration521 2007-06-28 13 AFP [SHAH ALAM] A Malaysian political analyst with close ties to the country's deputy premier was accused in court yesterday of secretly marrying his Mongolian mistress before ordering her murder. Abdul Razak Baginda, 47, is charged with abetting the murder in October last year ofAFP; AP - 521 words
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499 2007-06-28 13 LAUREL TEO - By LAUREL TEO in Jakarta A RECENT trade mission by a group of Singapore Malay businessmen to Indonesia ended on Friday with deals worth over US$ll million, and many more opportunities for future partnerships. The trip spanned five days and covered Jakarta as well499 words
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Article133 2007-06-28 13 AP [KUALA LUMPUR] Malaysian property developer SP Setia Bhd inked a joint venture agreement on Tuesday to build a township worth an estimated US$6OO million in Vietnam's Binh Duong province. SP Setia said its wholly owned Setia MyPhuoc Ltd unit signed the pact withAP - 133 words
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223 2007-06-28 13 Xin hua [JAKARTA] Rotating blackouts have severely affected hundreds of businesses throughout Indonesia's North Sumatra province, with some heading towards bankruptcy, local press said yesterday. The Employers Association in North Sumatra said production at many companies has continued to decline since the blackoutsXin hua - 223 words
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Article, Illustration502 2007-06-28 13 Move comes a day after Arcelor Mittal, US Foodservice put off their bond issues Bloomberg [SINGAPORE] MISC Bhd, the world's biggest owner of liquefied natural gas (LNG) tankers, postponed a planned dollar-denominat-ed bond sale because of fluctuations in debt yields sparked by lossesBloomberg; FILE PHOTO - 502 words
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Page 13 Advertisements
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Advertisement45 2007-06-28 13 ChnUii hfiOML PMHsytw and Platinum Sponsors: For onqubta* ptoss* contact: Proudly brought to you by: Florence Tan of ICPAS or Joanne Quek of CPA Australia ulSj' iMIfIW JHL. A* *7 at +65 0749 8060 or email at +65 *****233 or email r cpaaingapore@lcpaa.org.sg ag®cpaaustralia.oom.au c^MkAccount«s45 words
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INDIA
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257 2007-06-28 14 Reuters [MUMBAI] DaimlerChrysler plans to assemble Mer-cedes-Benz trucks in India soon to tap the growing demand to transport freight in Asia's third-largest economy, the company said yesterday. As a first step, it has received a "no objection certificate" from India's top truckReuters - 257 words
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546 2007-06-28 14 Banks and telecoms set to drive growth. but automakers may lag, say analysts Reu ters [MUMBAI] Indian stocks are expected to rise another 5 per cent by the end of the year, extending a four-year bull run, though at a much slowerReu ters - 546 words
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Article365 2007-06-28 14 Reuters [NEW DELHI] It may be an Indian consumer's dream cheap cars for U552,500-US$3,OOO, within reach of millions of a swelling middle class. But it could also prove to be a traffic and environmental disaster. Nissan Motor Co and Renault SA announced last week theyReuters - 365 words
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141 2007-06-28 14 Reuters +"*> [MUMBAI] Coffee shop chain Starbucks Cerp will send a revised application for its entry into India after its earlier proposal for a franchise operation was put on hold, the Business Standard newspaper said yesterday. India's Department of Industrial Policy and PromotionReuters - 141 words
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Article, Illustration707 2007-06-28 14 AFP [BANGALORE] As Western luxury brands target India's rising rich, a local leather goods firm aims to turn the tables and become the country's first global fashion marque. Hidesign, based in the former French colony of Pondicherry in the south-east, logged US$BOAFP - 707 words
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Page 14 Advertisements
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Advertisement34 2007-06-28 14 Enjoy Plaza Brasserie Parkroyal PLAZA Parkroyal on Beach Road. 7500 Beach Road, Tel: 6290 8218 Saturday Specials: 2 adult lunch buffet at $39.80 Only when you charge to your Diners Club Card. T&C Apply34 words
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Advertisement36 2007-06-28 14 a. Casa Mediterranea Restaurant and Bar 83 Duxlon Road (inside Berjaya Hotel), Tel: 6221 8485 15% off total bill with a min. spending of $30 Only when you charge to your Diners Club Card T&C Apply.36 words
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GREATER CHINA
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Article, Illustration403 2007-06-28 15 Inspectors discover more than 23,000 contaminated foods AFP [BEIJING] Industrial oils, acid, cancer-causing chemicals and other dangerous ingredients have been found in thousands of foods in China, inspectors said yesterday, following a six-month crackdown. The nationwide investigation by China's food quality watchdog found productsAFP - 403 words
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417 2007-06-28 15 Bloomberg [HONG KONG] Shun Tak Holdings Ltd, run by the family of casino tycoon Stanley Ho, will buy a 75 per cent stake in a Macau property project from Mr Ho's private company and billionaire Gordon Wu for HK$6.B7 billion (Ssl.4Bloomberg - 417 words
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Article, Illustration428 2007-06-28 15 Bloomb erg [MACAU] Playboy Enterprises Inc, publisher of the most widely read men's magazine, will open a 40,000 square-foot entertainment complex, including gaming facilities, in Macau in late 2009 as it seeks to expand in China. Playboy Mansion Macao will include dining, entertainment andBloomb erg; BLOOMBERG - 428 words
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272 2007-06-28 15 Reuters [LONDON] Hong Kong's last British governor Chris Patten says China has been on its best behaviour in the former colony but still put the brakes on democratic reform. "Hong Kong remains, while not democratic, a liberal, open and plural society," MrReuters - 272 words
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Article2488 2007-06-28 15 VOL J—77 m w- OX) AIM Realty .2.65 unch 1 Abric Bhd 0.30 001 116 Advance Synergy .0.34 -0.02 761 Adventa Bhd 1.47 -0.02 723 Ae Mutti Hldgs 0.32 -0.03 269 Atfin Holdings .2 45 0.02 2318 Ahmad Zafci Resou 3.32 -0.06 84 Aic Corp 0.57 -0.04 372,488 words
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556 2007-06-28 15 Proposal to buy US$200b in foreign exchange to fund agency under review Reuters [BEIJING] China yesterday took a big step towards establishing a fund that will invest US$2OO billion of the country's US$l.2 trillion in foreign exchange reserves in assets around the globe.Reuters - 556 words
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MIDDLE EAST
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Article, Illustration437 2007-06-28 16 Chinese eye investments that Dubai World Group owns in Middle East and in Western countries Reuters [SINGAPORE] Dubai and Chinese officials have begun talks on cooperation between state investment agencies, an executive of Dubai World said yesterday, as China readies a vehicleReuters - 437 words
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316 2007-06-28 16 Reuters [DOHA] Norway's Norsk Hydro and Qatar aim to finalise, next month about US$2.6 billion in project financing for a joint venture aluminium smelter in Qatar, a Hydro executive told Reuters on Tuesday. Despite soaring costs for the Qatalam plant, HieReuters - 316 words
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Article8501 2007-06-28 16 UNIT TRUSTS FUNDS ABN AMRO Asset Mat (S'port) Star Europe Eqty 1 1.127/ Stat Europe Bond 1.174/ Stat Europe Bal 1.271/ Stat Asian Tiger Eqty <...1 52 V Stat Asia Bond 1 325/ Stat Asia Balanced 1133/ Stat Global Technology Fund!" 023/ Multi St Fd 0 998/ Stat Asia BomXUSD)8,501 words
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Page 16 Advertisements
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ASIA PACIFIC / WORLD
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447 2007-06-28 17 CHOW PENN NEE - China, India to lead the pack through rapid organic growth and M&A By CHOW PENN NEE THE banking sector in developing economies is likely to overtake the banks in more developed countries, says a report by PricewaterhouseCoopers (PwC) but the accountancy and447 words
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374 2007-06-28 17 Reuters [WASHINGTON] The US Securities and Exchange Commission (SEC) has opened 12 investigations into collateralised debt obligations (CDO) linked to the sinking value of subprime mortgages and created a working group to focus on subprime market problems, the agency said on Tuesday. SEC chairmanReuters - 374 words
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480 2007-06-28 17 Reu ters [LONDON] The world will, reach a turning point next year when for the first time most of its population will be living in towns and cities, a UN agency said yesterday, warning the change must be managed carefully. Unless urbanReu ters - 480 words
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465 2007-06-28 17 LATEST US DATA Reuters. AP. Bloomberg [WASHINGTON] New orders for long-lasting US-made manufactured goods tumbled a larg-er-than-expected 2.8 per cent in May in a sign the struggling US manufacturing sector may be weaker in the second quarter than expected. The drop in durableReuters.; AP.; Bloomberg - 465 words
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Article, Illustration540 2007-06-28 17 The Washing ton Post [WASHINGTON] Rupert Murdoch was one big step closer to owning Dow Jones and the Wall Street Journal on Tuesday. And then he wasn't. On Tuesday morning, Mr Murdoch's News Corp and Dow Jones cleared a big hurdle, agreeingThe Washing ton Post; REUTERS - 540 words
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671 2007-06-28 17 Reuters {LONDON] Financial market volatility is back, sounding an alert to traders and investors after several years when predictable price trends encouraged the steady accumulation of risky assets. On any measure of implied volatility gauges of expected volatility calculated from options prices the pastReuters - 671 words
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277 2007-06-28 17 Company says it will not rescue a second fund Bloomberg [NEW YORK] Bear Stearns Cos assigned its top mortgage trader to help manage the US$l.6 billion bailout of a money-losing hedge fund, highlighting the risk of losses as it tries to unwind badBloomberg - 277 words
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AVIATION
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Article, Illustration664 2007-06-28 18 Discount carrier fails to allay concerns about competition at Dublin airport Bloomberg [LONDON] European Union (EU) regulators blocked Ryanair Holdings pic's bid for Aer Lingus pic after the discount carrier failed to allay concerns about competition at Dublin's airport, the first EU mergerBloomberg; REUTERS - 664 words
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264 2007-06-28 18 Minister sees India having 500 freighter jets in next 15 years Bloomberg [NEW DELHI] Air India Ltd, the nation's biggest overseas carrier, started freighter operations with two Airbus SAS planes to tap rising demand for transporting goods in the world's sec-ond-fastestBloomberg - 264 words
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Article, Illustration323 2007-06-28 18 AP [KAMPOT, Cambodia] There are no survivors from a plane that crashed in southern Cambodia with 22 people aboard, including South Korean and Czech tourists, officials said. "This is a tragedy no one should have to experience," Cambodian Prime Minister Hun Sen said at aAP; AFP - 323 words
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143 2007-06-28 18 AFP [KUALA LUMPUR] National carrier Malaysia Airlines (MAS) will acquire 10 turbo-propeller planes from European aircraft maker ATR for US$lB3 million as part of expansion plans for its new budget carrier. MAS also has an option to buy an additional 10AFP - 143 words
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187 2007-06-28 18 Reuters [BANGKOK] Thailand will charge a unit of Finnish Poyry with colluding on bids for work at Bangkok's new multi-billion dollar Suvarnabhumi airport, a Thai official said yesterday. The Asset Scrutiny Committee (ASC) planned to officially notify Elec-trowatt-Ekono (Thailand) Co Ltd, responsible forReuters - 187 words
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Article2421 2007-06-28 18 CITY FLtCHT ITA FUfttfT ETP SIB S05« I LH9771 1750 LHf770 2345 SQ268 1750 SQ269 2345 /Mm SQ323 0630 AZ3993 2245 AZ3992 1555 KL838 2245 KL837 1555 L***** 2345 SQ324 2345 5655 SQ348 0100 MM AC5202 2335 AC5203 0645 UA895 2335 UA896 0645 1iifV J EK4332,421 words
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Page 18 Miscellaneous
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Miscellaneous255 2007-06-28 18 CRYPTIC CROSSWORD 21 Limits are set covering one having to build up a fighting 6 ...grass right by rising river (4) 25 A quiet sort of tree? (3) force (10) 7 Type of book on marijuana 24 Dust began to settle in a leg- heating unit? (3-6) cm imruu islative255 words
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SHIPPING
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Article, Illustration623 2007-06-28 19 CHARMIAN KOK - US logistics company sees its solutions business contributing to growth in the region By CHARMIAN KOK [SINGAPORE] BDP International, a leading US logistics and transportation company, expects that 50 per cent of its profits will come from Asia623 words
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547 2007-06-28 19 Limit to further declines as freights for the rest of the month are fixed Bloomberg [SINGAPORE] The cost of shipping 80,000 metric tons of oil on Asian routes dropped for the first time in six days as most bookingsBloomberg - 547 words
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Article, Illustration254 2007-06-28 19 Postponement to let salvage team finish preparation work Bloomberg [SYDNEY] An attempt to re-float the Pasha Bulker coal vessel that ran aground on a beach near Australia's Newcastle Port in stormy weather earlier this month has been delayed until this evening.Bloomberg; REUTERS - 254 words
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205 2007-06-28 19 It climbs daily 10% limit to close at 18.02 yuan Bloomberg (SHANGHAI] Shares of China Cosco Holdings Co, Asia's largest container shipping line, rose for a second day after almost doubling on their trading debut. The stock climbed 10 per cent, the dailyBloomberg - 205 words
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479 2007-06-28 19 Bloomberg [LONDON] The cost of hiring smaller cargo ships able to carry grain, steel products and other dry-bulk commodities may sustain gains this week on stronger demand, matching rate increases among bigger vessels. The Baltic Handysize Index, which tracks rates on sixBloomberg - 479 words
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Page 19 Advertisements
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Advertisement52 2007-06-28 19 HHmWI v|nv\mWH| HJHL nEnVv %V %:VV vH/ WL \A V -.W V\\ Wk m m AiV m V m W W m VI 1l «V m \m s m-m a Mk m rCSt Meals, transport and laundry service available at reasonable charges. For Reservations or Enquiries (65) 6363 8181 Email:52 words
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EDITORIAL & OPINION
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Article506 2007-06-28 20 EDITORIAL ON the surface, the US Federal Reserve's two-day interest rate policy meeting should once again end this evening with no change in its current 5.25 per cent guidance rate. In the background however, we do sense some shift in financial market bias506 words
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Article, Illustration1241 2007-06-28 20 JAMES CLEMENCE - The S'pore government should review the Not Ordinarily Resident scheme and enhance the tax concessions as well to make it more attractive to a larger number of talented taxpayers By JAMES CLEMENCE and ALOK AGRAWAL THE Not Ordinarily Resident (NOR) scheme was introduced byFILE PHOTO - 1,241 words
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Article, Illustration792 2007-06-28 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group YOU might think that the last group to embrace censorship would be college presidents. After all, they're interested in expanding knowledge, right? Well, no. The incipient revolt against the college rankings by US NewsThe Washington Post Writers Group - 792 words
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Article, Illustration1777 2007-06-28 21 MAK YUEN TEEN, JOHN SEQUEIRA, JOCELYN TAN; LAN LUH LUH - This made the prosecution of 'tippees' much easier and also makes liable those who obtained information from other sources By By MAK YUEN TEEN, JOHN SEQUEIRA, JOCELYN TAN and LAN LUH LUH SINGAPORE made a switch from a per-son-connected approach to an information-con-nected approach to regulatingJOHN HENG - 1,777 words
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305 2007-06-28 21 Ang Hao Yao - LETTER TO THE EDITOR Ang Hao Yao I REFER to the article "Reing fairer to investors" (RT, June 18). The writer mentioned the possibility of large share placements being given to insider-related parties, perhaps even to the staff of financial institutions. I am concerned about305 words
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Page 21 Advertisements
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Advertisement3439 2007-06-28 22 CATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RCH OFFICE INVESTMENT PTE LTD (REG. NO. *****4062N) (INCORPORATED IN SINGAPORE) At on Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Harbour Front Avenue #18-01 Keppel Boy Tower 5(*****2)3,439 words
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Advertisement1458 2007-06-28 22 In the Matter of The Companies Act, Cap. 50 And In the Matter of FIRST LOYANG LAND PTE LTD (Company No. *****1735E) FIRST TANGLIN LAND PTE LTD (Company No. *****1839G) TANAMERA DEVELOPMENT PTE LTD (Company No. *****1847 D) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS Notice is hereby given that1,458 words
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Article10647 2007-06-28 23 SGX MAINBOARD Transaction date: Jun 27 52-wks Tel Last Vol Day Last Quote Oiv Gr YW Net M Cap High Low Code Company Sale 000) High Low Buyer Seller Cvr P/i SmH 205 6 "li IH S3 2469 18 17 5 17.5 tt 4.7 09 24 7 (610,647 words
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Page 23 Advertisements
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Advertisement154 2007-06-28 23 Not been making the most of the markets? Then it's time to trade CFDs with City Index Asia. Trada multiple mutota from Ttade long or abort on Urn MUM one account priaea Manage youi riak with stop toeeea and ETraandi»dtaa«tasa other order types i.ov% mazgm CFDs ofler you the opportunity154 words
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Article6350 2007-06-28 24 FINANCE COMMODITIES PRECIOUS METALS Jun27 GOUXUSVka) Sun 27 hjo 2i GOU> BULLION COINS Hong Hong 642 00 649 00 2*1 642 50 650.00 1 <tf 1085.70 986 UBS SOLD LI/NAR KMOA8 London 650.65 644.20 kcj MIm Bvv4m 651.25 644.® Source: 380 0 318 Passbook AcdlM 18.94 18.70 JSii Selllt> 96,350 words
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Page 25 Advertisements
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Advertisement1856 2007-06-28 25 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT BRIGHT MORNING INC/BSN Loads Singapore, E./W. Malaysia, Indonesia loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral ores,1,856 words
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Advertisement396 2007-06-28 25 vHn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VBSa VOT »W HBGWT SW IK RAO SAV Ml TEXAS A 1721 4201 MM 6.4 M 12/07 OMIT IS/01 22/00 2S/00 25/00 UMOtIANi Af722 3201 m* MM 29/07 20/00 29/00 02/09 M/ 09 04/09 TAMO AF723 4201 m 4.4 M 09/00 02/09 11/09 15/09396 words
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THE BUSINESS TIMES SHIPPING TIMES
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6272 2007-06-28 26 This ETA ETA Advifthw VMMl Voy»«« Tttaphow SIN Dcifn Name Nmm *mbm Numb* igNHMMMHMnHnMBHMtMMMHHMMMMHffiMHMBNMtt To ABU DHABI (AUH) 2004 U. A. Emirates 08/07 19/07 SCI EMIRATES KANAKO 726W *****355 To ADELAIDE (ADL) 2007 Australia 08/07 27/07 China Shpg APL TOPAZ 146S *****898 08/07 27/076,272 words
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Advertisement1273 2007-06-28 26 WAN HAI INTERNATIONAL PTE LID a Nft iwswoooo/1 V- "1 TH:*****588 (14LINES) FAX:*****163 V\M\ WAN HAI I INH c«»««rS^vic/Md^sDMUm-(1*00)*****200 Yl V f f Mil riMI Lint J mftMJMUMMfcroiMBKmi&MBtsmMfcMBnMM JOHIR: 107) 2511?23 FAX: (07)*****21 SUIIH: (031) *****75 HUL (031) *****14/*****05 JCT TO: W2l) S2S4IM MX: (021) S2S47H H« TO: 71*3W/71*»1 (A1,273 words
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Advertisement933 2007-06-28 26 IVISSiL I V6Y I PKI I SIN I KHI I DXi I IA» PMM M KWS IRAN SATTARI PC LB 204 03/07 04/07 13/07 16/07 17/07 23/07 15/07 27/07 IRAN TAB AT ABACI PC LB 206 06/07 07/07 16/07 19/07 20/07 26/07 M/ 07 30/07 IRAN BAABAII PC L 8207933 words
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Advertisement532 2007-06-28 26 <P WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO AIL NORTHERN AND WESTERN ICO POINTS «sa VOY Ml rum I rnnmio nam Icomwo mam *««> or m—MM mm IiKMOH ***** MM 04JUI 07 M 11M ISM tUMYU 011W WM 10M I3M 17M lIM mso acopiw# kl to cook tutkomn t mama532 words
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BizIT
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Article, Illustration554 2007-06-28 28 ROLAND LIM - The electronics contract manufacturing sector is projected to have a compounded annual growth rate of 6.9%, writes ROLAND LIM ROLAND LIM Source: Suppli SINGAPORE'S electronics contract manufacturing sector is projected to have the slowest growth of four South-east Asian countries tracked by research house iSuppli,Source: Suppli - 554 words
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Article438 2007-06-28 28 Bloomberg [ARMONK, New York] International Business Machines Corp held onto its title as maker of the world's fastest supercomputer amid a shake-up in the rankings of the 500 quickest machines. IBM's BlueGene/L System handled 280.6 teraflops, or trillions of calculations per second, winning its fourthBloomberg - 438 words
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198 2007-06-28 28 Bloomberg [NEW YORK] Google Inc will start selling devices that scour corporate networks through Ingram Micro Inc, the world's biggest distributor of computers and electronics. Ingram Micro will sell the Google Search Appliance and Google Mini in the United States immediately and addBloomberg - 198 words
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Article, Illustration456 2007-06-28 29 ROLAND LIM - By ROLAND LIM SINGAPORE-BORN television veteran Robert Chua has inked a deal with a China media firm to start a Hong Kong-based joint venture that will launch what is touted as the first interactive TV channel in China. Mr Chua, who is based inFILE PHOTO - 456 words
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923 2007-06-28 29 JOEL G MOMBERGER - <you say> Data quality is a messy problem but it cannot be ignored By JOEL G MOMBERGER IN the world of psychology, there is a metaphor for a challenge that everybody knows is there but that no one wants to acknowledge.923 words
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Article, Illustration660 2007-06-28 29 WINSTON CHAI - They have one-year guarantee BSA will not take action for illegal software use By WINSTON CHAI FOUR hundred and twenty local companies under a government-backed accreditation scheme are being offered a year-long insurance against possible legal backlash if they are guilty660 words
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340 2007-06-28 29 Reu ters [SEATTLE] Microsoft Corp introduced two new online services to its Windows Live line-up on Tuesday and said it plans to release more Web offerings this year to beef up its Internet strategy. Microsoft plans to take on Web competitors GoogleReu ters - 340 words
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Advertisement175 2007-06-28 28 Sow magK art BTniMBl C 2007 Samsung Bactroncs Co. Ud. laiIMMM Vb^ySl &?P2': I A I /tOMIM yjffey /^MMEMMMy% A imagine a colour laser multi-function printer It's amazing how something this small can make a huge impression. The compact CLX-2160/N delivers instant copies, high-resolution scans and stunning prints-enhanced Q by175 words
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Advertisement217 2007-06-28 29 Need a New Web Host? Switch to WebvtskMts for the following key differences: BKhmUmW 1 st-tier Data Center management not remotely managed 24/7 true round-the-clock mission-critical support Multiple upstream providers for redundancy and uptime Presence "Network Operations Centre" "Dedicated Servers' r J JLt Ml I Powerful, reliable mission- JRPIk Protect217 words
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PROPERTY
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Article, Illustration661 2007-06-28 30 Commercial building prices jump 25%; competition eating away at returns Reuters [SINGAPORE] Mikihisa Hirai, president of Atlas Partners Japan Ltd, should be giddy with excitement as European and Middle Eastern clients are due to almost double the size of his property fundsReuters; AFP - 661 words
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Article, Illustration850 2007-06-28 31 They effuse about India; Japan also appears to be still hugely popular Reuters [SINGAPORE] It's a decade since an asset bubble fed the Asian economic crisis and fears swirl over the US housing market and interest rates, but investors still believe theReuters - 850 words
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Article, Illustration481 2007-06-28 32 WEE LI-EN - Mapletree close to signing on up to 5 more banks at its business hub By WEE LI-EN ALEXANDRA is emerging as a strong alternative to the central business district (CBD) as banks continue to be attracted to the business hub there. Real estate481 words
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1530 2007-06-28 32 A i A a i PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF STREET NAME TYPE DATE (SQ FT) (SS'OOO) (S$) District 1 NON-LANDED' People's Park Cplx Apt 05/06/2007 99 1119 490 438 The Sail ©Marina1,530 words
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Advertisement371 2007-06-28 30 THE SAIL MARINA BAY 38th FLOOR FOR SALE PC X 7 *U /J TZHZJa! 7 units on a whole floor "rfM li S K£f Sizes from 614 sf to Z260 sf 5 W QAy /s 7 Zj /ag£T_ Total Area 7,201 sqf /aaLjsiTtXZ /y- Excellent proximity to the future ID-"-371 words
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Advertisement377 2007-06-28 30 rSAVILLS m* SAMUEL EYO 9816 3223 Ril Email: seyoOsavlHs.oom.sfl EmIM District 01-08 1 Domain 21 1033/ 1862/ 2939/ 2960 2+Study/ 4+l 3 Marina Bay Residences 1066/1636 2/3+ l Reflections At Keppei Bay 1464/2164/2196 3 South bank 614 I+l .J The Berth By The Cove 3069/ 6026 4+l/ 4+Family+l 1 The377 words
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Advertisement171 2007-06-28 31 J&ik Collective Sale Dist 8 gfe Dorset Court 1 Site Area: y: 18,843 sqft Plot Ratio: r <y Mkt 1.4 upto 5 sty Ferrer Pk mrt Tenure: Freehold Dorset Near Farrer Park Court MRT BtSMHffifHflß v 'SIPHHPI ICfW alt- •1 r® 1 **T "^f^ l X J AgjaafctMi Expressions of171 words
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Advertisement221 2007-06-28 31 SULTAN GATE PLACE Sit« Area: 618.80 sqm (approx) I Walking distance to MRT Ss im /V\ c#ntr //The Concourse <,#t>,aS, t W,#r ClOCUm#flte < The Draycott Investment 2,637 sqft POA Ardmore Park High floor 2,885 sqft $8.5 M Tudor Ten Cluster 4,300 sqft $7.2 M bungalow DLV New 1,832 sqft221 words
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Advertisement484 2007-06-28 31 PRIME FREEHOLD LAND FOR SALE ALONG RIVER VALL£Y ROAD f j Address: 434 River Valley Road q g Site Area: approx 20,629 sf r Z Potential for 7-storey Residential M—Development CHATSWORTH RO WV Good visibility and easy access \>\ «u»«ct\*\ li to Orchard, AYE/CTE IZI SITE I*l 51 '★JsVJ® Close484 words
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Advertisement268 2007-06-28 32 FREEHOLD SITE FOR SALE ALONG GEYLANG ROAD I T~j VT r-j Address: 345 Geylang Road \c\ Site Area: approx 14,534 sf n simTTwHl' (7,430 5f+7,104 sf) U \ol Tenure: Freehold W Potential for mixed use U 55 CT development (Commercial/ I r —geylang rd Residential/Institutional) 1 lof |s Height control:268 words
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