The Business Times, 15 December 2008
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2008-12-15
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The Business Times
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Title Section23 2008-12-15 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, December 15,200823 words
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868 2008-12-15 1 LYNETTE KHOO - LYNETTE KHOO Rough ride ahead but bank on bottom-fishing opportunities in 2nd half-year, they say [SINGAPORE] For stockmarket investors gazing into the new year, any decisive rebounds and opportunities for bottom-fishing are likely to come in the second half of the year, analysts say.868 words
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MARKETS DIGEST
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Article52 2008-12-15 1 IT Index 1,740.34 +81.17 1COMP 852.27 +13.99 MKKEI 225 8,235.87 +318.36 IANG SENG 14,758.39 +912.30 ;et index 424.79 +31.92 JAKARTA COM P 1,262.97 +60.63 IANILACOMP 1,893.74 +4.78 ;eoulcomp 1,103.82 +75.69 ;henzhen b 276.04 -6.73 IUMBAI IND 9,690.07 +724.87 )OW 8,629.68 -5.74 IASDAQ 1,540.72 +31.41 ;&P 500 879.73 +3.66 =TSE52 words
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Article29 2008-12-15 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.710 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 4.00 CANADA 3.50 SWITZERLAND 2.04 INDIA 13.00 Source:Bloomberg - 29 words
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Article44 2008-12-15 1 US: US: 1.492 :us$/s$ 1.493 2.229 EURO (US$,S$/E) Foreign currency p 1.329 per US$ 1.984 S$ 'EN 89.60 60.10 RM 3.578 2.397 HK$ 7.750 5.193 BAHT 35.09 23.51 RUPIAH 11,063 7,413 RENMINBI 6.847 4.588 INDIAN RUPEE 48.54 32.52 1.537 1.030 IZ$ 1.841 1.23444 words
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472 2008-12-15 1 Reuters, Bloomberg Original USs6oob package considered too low now: report [NEW YORK] Presidentelect Barack Obama's team is considering a plan to boost the US economy that could be far larger than previous estimates and might reach US$l trillion over two years, the WallReuters, Bloomberg - 472 words
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Page 1 Miscellaneous
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Miscellaneous74 2008-12-15 1 Wr>'^%& us STOCKS ECONOMIES YOUNG INVESTORS ART OF WAR Wall St walks away Spore should tap The Tao of asset Zap for Sun Tzu's strategies! 4.4™& from car wreck stronger deeper into Asia management Win an Epson wireless \l* m PAGE 2 PAGE 4 PAGE 11 projector! PAGE 16 Gourmet74 words
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TOP STORIES
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THREE-MINUTE DIGEST
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60 2008-12-15 2 FOR stockmarket investors gazing into the new year, any decisive rebounds and opportunities for bottom-fishing are likely to come in the second half of the year, analysts say. Till then, investors will be in for a tough ride marked by more downsides and volatility60 words
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80 2008-12-15 2 PRESIDENT-ELECT Barack Obama's team is considering a plan to boost the US economy that could be far larger than previous estimates and might reach US$l trillion over two years, the Wall Street Journal has reported. Mr Obama's aides, who were considering a half-trillion-dollar80 words
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73 2008-12-15 2 PRIME Minister Lee Hsien Loong will today sign the Gulf Cooperation Council-Singapore Free Trade Agreement in Doha, the capital city of Qatar. It will be the first FTA inked by the GCC as a group, which comprises six Arab states:73 words
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122 2008-12-15 2 SINGAPORE may need to re-examine export strategies and seek to tap more into Asian growth, economists at a Singapore Economic Roundtable said last week. Singapore's high export dependence on the Group of Three the US, Europe and Japan (including, indirectly, via exports to China)122 words
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73 2008-12-15 2 TRANSPAC Industrial Holdings last Friday night announced a proposed renounceable non-underwritten rights issue with free detachable warrants that will raise net proceeds of up to $87.3 million. Transpac plans to use the proceeds to repay outstanding bank loans, purchase beneficial interests from other73 words
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78 2008-12-15 2 CHINA plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending and shield the country from a global downturn. Last Saturday's announcement by the Cabinet comes on the heels of a78 words
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83 2008-12-15 2 PC GIANT Dell Computer is betting that Singapore's upcoming integrated resorts will provide a silver lining for its growth at a time when most enterprises are tightening their technology purse strings. IT companies have been closely tracking Marina Bay Sands and Resorts World due83 words
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313 2008-12-15 2 CHUANG PECK MING - CHUANG PECK MING This will be the first such agreement inked by Gulf Cooperation Council [SINGAPORE] Prime Minister Lee Hsien Loong will today sign the Gulf Cooperation Council-Singapore Free Trade Agreement in Doha, the capital city of Qatar. It will313 words
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Article, Illustration836 2008-12-15 2 ANDREW MARKS - ANDREW MARKS Analysts heartened by Friday rally but brush off impact of expected rate cut By in New York WHAT if the US central bank lowers interest rates this week and no one cares? That could well be the case, for theREUTERS - 836 words
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Article, Illustration887 2008-12-15 4 TEH SHI NING - TEH SHI NING Economists explore nation's options in face of downturn and changing world [SINGAPORE] Singapore may need to re-examine its export strategies and seek to tap more into Asian growth, economists at a Singapore Economic Roundtable said last week. Singapore's high export dependenceBLOOMBERG FILE PHOTO - 887 words
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Article383 2008-12-15 4 Reuters, AP President banking on big discount in restructuring debt [QUITO, Ecuador] In a move that riled bondholders, Ecuadorean President Rafael Correa last week declared that the country would be defaulting on US$3O.6 million in interest due on US$5lO million in debt due today. HeReuters, AP - 383 words
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Article501 2008-12-15 4 HUGO DIXON - HUGO DIXON P breaking .com WHAT were funds of funds doing backing Bernard Madoff s alleged US$5O billion Ponzi scheme? Didn't they do due diligence? Didn't they spot the red flags that might have suggested that something was fishy? These are the questions investors who501 words
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Advertisement123 2008-12-15 2 II flOlf CTADE I mAA^^ALj^iMjQ^^ii^^M Departs Daily ■■■■■■■^■■■■■H Kiva/a Lumpur Malacca l^m aT|T?T^M n TiTj from Orchard Road Direct to Malaysia! No Transfers needed Business Class Seats with Individual LCD, l\t] iiW.^]v\^t Meeting Lounge on lower deck ga^ Worldwide Hotels, On-line Reservations, Company Retreats, Local Sightseeing Tours "^H Group enquiries123 words
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Advertisement46 2008-12-15 3 THE HOURGLASS I SINGAPORE MALAYSIA THAILAND 'mL^HHJIH TAKASHIMAYAS.C. TEL: 65-6734 2420 KUALA LUMPUR BANGKOK TANG PLAZA TEL: 65-6235 7198 PAVILION XL TEL: 60-3-2148 8930 GAYSORN TEL: 66-2-656-1212 \ff V 3sL^>. LUCKY I'LAZA ILL: 65-6733 1262 SIAM PARAGON TEL: 66-2-129-4777 QtX K^m^^ (~m^H\ lC^\ www.thehourglass.com «5 p46 words
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Advertisement88 2008-12-15 4 O 111 111 m OFF s 30 SELECTED 30 selected lunch dishes 50% off usuol price o 10% off ala<arte menu o Valid only on weekdays (Mon-Fri) except public holidays o 2-hour free parking (ample parking space) o Roof-top ambience; Indoor (Air-con) Outdoor Dining o Located at Leisure Park Kallang88 words
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Advertisement61 2008-12-15 4 RECESSION STOCK CLEARANCE Am A^ > S^^ I Lianhe Zaobao LC I Despite economic slowdown ends 24 dec No shortage w j^ttom^mßSSS^M of orders E^^mmm**—^^- projects Amy for listed #2 > jyP, Chinese > WV'' water firms Gold Silver H,ndc. ,r,c IVJ--302 ORCHARD ROAD #06-04 A TONG BUILDING S^^^^^^f^^^'^^'T—T-^ (ROLEX61 words
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Advertisement145 2008-12-15 5 Improving lives through advanced technologies. ____-_t~~- BinPlteriifill* n¥, KitaimaKiiJiiimnMian' W -rf'—^T^^B /tf "''i"^ 7 "^sm—^ K^^mmmß umidiniiiisipiirjiii1 r~~T~i^*B J^H /^B iVI ""*t_ Hitachi 1.5 World's First Ultra Thin Full HD LCD TV. Hitachi's goal is to empower lives in every aspect with advanced and eco-friendly technologies. It is this quest145 words
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SINGAPORE MARKETS
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Article, Illustration657 2008-12-15 6 R SIVANITHY - Investors should be wary of underestimating risks again R SIVANITHY STOCKS HOPE, it's said, springs eternal. In the US, Wall Street hopes that its carmakers will be bailed out by the Bush administration tapping into its US$7OO billion fund that was supposed to help unfreeze credit markets. In addition, it657 words
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478 2008-12-15 6 AFP COMMODITIES [LONDON] Oil prices rebounded while aluminium and copper futures hit fresh multi-year lows in a week of volatile trading for commodities. Oil: Oil prices rallied sharply as Russia said it would join Opec in likely cutting crude production. "OilAFP - 478 words
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Article372 2008-12-15 6 Payment (cts) Ex Books date close Pay date Asia Pac Brew ak 18.000 28-Jan 30-Jan 10-Feb Asiatravel.Com ak 1.100 05-Feb 09-Feb 19 Feb Tech an 1.200 27-Hov 01-Dec 16-Dec ioustead S 1.500 01-Dec 03-Dec 18-Dec Bukit Sembawani I 03-Dec 05-Dec 18-Dec Cerebos Pac af 19.000 03-Feb 05-Feb 16372 words
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502 2008-12-15 6 ■AFP CURRENCIES -[HONG KONG] Asian currencies rose against the dollar last week with the yen soaring to a 13-year high as fears escalated over the US economy. Japanese yen: The Japanese yen surged to a 13-year high against the dollar as■AFP - 502 words
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Article1549 2008-12-15 6 Source: Thomson Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Props ■erties 2.58 2.58 12 6.21 6.61 0.69 0.41 ,RA Asset Mi 2.00 2.00 6.75 5.33 0.81 0.36 ,rmstroni Ind Con 1.501,549 words
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Article61 2008-12-15 6 Dec 12 VALUE CLOSE IT OB/OS 207.00-224.0C IT CADI -*****.00-122.0i IT 10-day MA -*****.00 +20.0i TSE ST Mid Cap 341.54 -4.7: TSE ST Small Cap 290.68 -3.5, TSE ST All Share 415.07 -11.21 TSE ST China Top 184.12 -4.6! TSE ST China 186.67 -4.8; IOB Catalist 75.5461 words
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Article64 2008-12-15 6 VOLUME Golden A( |ri 515,525,000 China Horn ixim 193,941,000 Cosco Con 170,084,001 IndoAi 147,318,000 Noble Gn 134,564,000 Straits Asia 126,675,000 Yam iziii jiam 115,874,00! Sini [Tel 115,492,000 SembMar 112,712,000 Caj i Land 82,353,00! VALUE($) DBS Gr| 575,311,296 Sim |Tel 306,871,078 UOB 286,682,157 SGX 237,074,410 .and 223,645,00* Kei64 words
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Article106 2008-12-15 6 CLOSE UP 8046 680.2 6.0 LD 10US ICBC Bk5.1%NCPS 100 9000 500.0 5.9 iTXPO 100 850 165.0 24.1 ICBCCai 5.1%NCPS 100 8600 120.0 1.4 DBS Gr| 1010 95.0 10.4 China H 10US 1022 85.0 5.9 MS India 10US$ 754 83.5 8.0 At 602 77.0 14.7 lUE 1200 74.0 6.6106 words
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Article117 2008-12-15 6 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN 317 -43.0 -11.9 SPH OCBC Bk RBePW*****3 145 -30.0 -17.1 Star Hub 176 -21.0 -10.7 Chem Ind 50 -18.0 -26.5 DBS DB ePW*****2 56.5 -15.0 -21.0 DBS RB ePW*****3 141 -14.0 -9.0 SMRT117 words
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Article87 2008-12-15 6 Source: Thomson Reuters Where S$ stands Dec 12 %CHNG CLOSE FR Dec 11 YR2008 S$ LOW S$ HIGH USS 1.4932 -0.01 1.5346 1.3457 Euro 1.9843 -1.46 2.2064 1.8640 Pounds 2.2204 0.33 2.8431 2.2111 AS 0.9752 0.96 1.3251 0.9068 Yen* 1.6534 -2.16 1.6899# 1.2619 Rupiah* 0 ***** 0.45 0.***** 0.*****87 words
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Article, Illustration1555 2008-12-15 8 ROBERT HALILI - ROBERT HALILI INSIDE MARKETS Institutional shareholders stay bearish with huge sales recorded in several firms during the week BUYERS remained cautious during the holiday-shortened week of Dec 9 to 12 with only 29 companies that recorded 51 purchases worth $6.4 million. The buy figures1,555 words
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COMPANY NEWS
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453 2008-12-15 7 KALPANA RASHIWALA - KALPANA RASHIWALA Agreement inked in Sept failed to be concluded within stipulated period ICONIC Holdings's proposed one billion yuan (*****.7 million) reverse takeover of a property-relat-ed company in China is off. This is because an agreement inked on Sept 12 for the453 words
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694 2008-12-15 7 SIOW LI SEN - SIOW LI SEN THE Monetary Authority of Singapore (MAS) has said recently in response to BT queries that it won't intervene when ii comes to repossession of a home if the mortgage is in default. To put the issue into context, BT posed694 words
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492 2008-12-15 9 KALPANA RASHIWALA - KALPANA RASHIWALA Proceeds to be used to repay loans, buy beneficial interests, expand businesses TRANSPAC Industrial Holdings has proposed a renounceable non-underwrit-ten rights issue with free detachable warrants that will raise net proceeds of up to $87.3 million. Transpac plans to use the proceeds to repay492 words
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Article218 2008-12-15 9 Fragrance Grp E 168 Changi Road #05-01 Attic Level Fragrance Building Singapore *****0 15-Dec 9.00am Hyflux Water Trust E The Auditorium, Hyflux Building, 202 Kallang Bahru, Singapore *****9 16-Dec 11.00am Shangri-La Asia S Island Ballroom, Level 5 Island Shangri-La Hotel Pacific Place, Supreme Court Rd Central, Hong Kong218 words
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Article399 2008-12-15 9 Dec 12 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5399 words
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422 2008-12-15 9 Black-Scholes model first 3 variables WARRANT INSIGHTS LAST week, we looked at how the Black-Scholes pricing model is constructed. Hopefully, that explanation has removed some of the mystique associated with the model and enabled readers to now understand it a bit better than before. Here is a bit more on422 words
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Advertisement204 2008-12-15 7 ■■p VI I j jri.| J Zurich HelpP#inf "I Your savings plan doesn't have to move just because you do, lunch Help Point™ is here when you need more than just insurance. It's here A~r-r- r, with VISTA, a policy that makes long-term, stable investing simpler and CATS Recruit more204 words
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Advertisement2051 2008-12-15 8 w^4 MATS ffiA7S >/^ JL^I V/ X JL^.^ JLi i 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg JL V^>/ JL JL^^ JLj LJ IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF I^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP.2,051 words
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Advertisement107 2008-12-15 9 LEVERAGE >. m I INVEST SINGAPORE \^J II Ottoman Rear Refinement 9H Mark Levinson jjSjjjjjgjjgjgjjjj|—j'jg"|jjjjjj^^^^^^^^^^"j^ Seat With Style BBPMI IHI Premium Reference Surround Sound I I System B I l^; |H I I Dual VVT-i Engine B H JMIIIIiIIBMBBBBgaBBaWMMBBMIH JBBHHHBHHHHHHBBBBBBBBBBI 1 D4-S Direct Fuel H> VJ Injection luilHl^l^l^kH M BORNEO107 words
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SINGAPORE NEWS
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387 2008-12-15 10 PCPS plan extended to cover diabetes, high blood pressure, lipid disorders MORE elderly needy folks will qualify for subsidised medical treatment at neighbourhood general practitioners (GPs). The Ministry of Health is raising the maximum income eligibility to $800 per capita monthly household income from387 words
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Article, Illustration391 2008-12-15 10 THEODORA KEE - THEODORA KEE By THERE is little optimism around as economies crumble and nations retreat into recession one by one. But Stanley Lee, general manager of IT retail solutions provider Torex, reckons the current financial crisis is "a good opportunity". "Previously, everybody was busy,"391 words
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Article188 2008-12-15 10 APPROVAL for an enbloc sale by owners of Laguna Park apartments crossed the 80 per cent threshold on Friday, Channel News Asia reported yesterday. This allows the owners of the 30-year-old condominium to proceed to market the site, which has a total land area of about188 words
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Advertisement87 2008-12-15 10 )PPl| .J^lj/P^^jp THE NEW MANDARIN COURT... PHG l| KraCj k| "-fj^ Meritus Mandarin Singapore introduces the newly refurbished Mandarin Court (formerly known mJtvM as oca^:ec' a^ eve' 35, overseeing the lush landscape of Orchard Road. Qgp^l Features include a 4-tier amphitheatre-style concept that accommodates up to 200 people, with MERITUS87 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1080 2008-12-15 11 Investors should recognise that fund managers can and do, if properly tapped, bring value in the long run, says JASON LOW THE repute of the asset management industry might have taken a beating lately given the recent high profile failures of investment products in clients'1,080 words
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Article, Illustration854 2008-12-15 11 CAMPUS LIFE KOH LI PEI writes about her three months working at a trading company in Ningbo MENTION China and probably the two most famous cities Shanghai and the capital Beijing come to mind. But how about "sec-ond-tier" cities such as Qingdao, Chengdu or Wuhan?SMU - 854 words
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Article204 2008-12-15 11 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have204 words
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Advertisement46 2008-12-15 11 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.46 words
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DINING OUT WITH citibank
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Article, Illustration2767 2008-12-15 12 JAIME EE, AUDREY PHOON; CHEAH UI- HOON - AMERICAN INT'L CLASSICS JAIME EE, AUDREY PHOON CHEAH UI-HOON LAWRY'S THE PRIME RIB #02-42/44 Paragon Shopping Centre 290 Orchard Road. Tel: 6836-3333 THERE are a number of eating establishments along Singapore's main shopping belt that offer some of the best windows to the bustling Orchard world: the Royal Copenhagen Tea2,767 words
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Article, Illustration784 2008-12-15 12 I JAIME EE - I JAIME EE POWER Lunch By GAVIN Woo lives to eat. There's no doubt about it, especially when the managing director of Office Planner rattles off the names of his favourite restaurants here and overseas while fondly remembering his mother's cooking and sugar-laced childhood. "I hadYEN MENG JIIN - 784 words
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Advertisement49 2008-12-15 12 Iwi in ijji ii IWiSaw*! K1 ir»^vi 111 irn '^m iib l ir»M.ffiii iyll ih Lvl i lij tiiiva\VY< im i left 11 ill i l^^M H[i fuv m^l The Business Times Cl tl ban k Hfflt^' —U 1™.,,,^ Your Citibank guide to gourmet pleasures this week f+i tlh^nw49 words
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Advertisement32 2008-12-15 12 liiit'ili flow] HUH Please refer to citibank.com.sg for full details. Indulge in over 1,000 gourmet pleasures with your Citibank credit card. For more gourmet treats, visit: citibank.com.sg pa Mobile Gourmet J citibank.com.sg/singapore/gpmobile32 words
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ECONOMY WATCH
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561 2008-12-15 13 -AP, Bloomberg Move comes after exports fell in November for the first time in seven years [BEIJING] China said that it plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending-AP, Bloomberg - 561 words
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302 2008-12-15 13 Bloomberg [NEW YORK] Interest rates on US commercial paper fell to the lowest in at least 12 years a day after the Federal Reserve said that the market expanded the most in five weeks. Rates on the high-est-ranked 30-day commercial paper– Bloomberg - 302 words
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Article, Illustration622 2008-12-15 13 Reuters [JAKARTA] Indonesia's policies to tackle imports and drive domestic demand are not protectionist, but are necessary to curb smuggling, meet safety rules, and spur growth at a time of global economic crisis, the trade minister said. South-east Asia's biggest economy, a top producerReuters; REUTERS - 622 words
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800 2008-12-15 13 -AFP Low rates have yet to filter through to consumers, business [WASHINGTON] With an economy sinking fast and key interest rates approaching zero, the Federal Reserve is struggling to find new tools to break a credit logjam and fire up-AFP - 800 words
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615 2008-12-15 13 ■Reuters They are banning more sales until prices rebound by almost 25% [SUKABUMI, Indonesia] The world's top three rubberproducing nations last Saturday stepped up efforts to revive ailing prices, agreeing to cut next year's exports by a sixth and banning more sales■Reuters - 615 words
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Advertisement84 2008-12-15 13 BRAND NEW GRABS FOR SALE Description as follows: Four (4) units Radio Controlled Grab, (c/w 4 spare batteries 4 remote control) One (1) unit 10 CBM Two Ropes manual Grab. Country of Origin: China. Capacity: Ten (6-10) CBM, adjustable by removing spill plate. Class Bureau Veritas (BY). Colour: Yellow. Ready84 words
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Advertisement74 2008-12-15 14 Have a Merry Christmas in 700 cities around the world! t^^^ffl revolves around you koneworld® has 10 member airlines covering 700 destinations around the world. So wherever in the world you choose to celebrate the season, you can be sure that we'll get you there. Contact your travel agent today74 words
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MALAYSIA/INDONESIA
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Article, Illustration690 2008-12-15 15 PAULINE NG - PAULINE NG MALAYSIA INSIGHT IF STATES held by the Opposition suspected that federal government funding was likely to be dicey after the unexpected tsunami that was the March general election, the global financial crisis has made it doubly harder. With so many690 words
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318 2008-12-15 15 Reuters [JAKARTA] An Indonesian parliamentary working committee has agreed to pass a new bill on mining and coal, a legislator said last Thursday. The law could help provide more certainty for firms considering investing in the mining sector. Now that the working committeeReuters - 318 words
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244 2008-12-15 15 Bernama [JAKARTA] The Indonesian government plans to create employment for three million people in 2009 through labour-intensive projects, a minister said. "In 2009, it is expected there will be jobs for three million people from the ministries of public works, agriculture, transportation andBernama - 244 words
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303 2008-12-15 15 Bernama [BANGKOK] Malaysia ranks third in Asia with 145 projects worth US$274 million lined up this year, according to the year-end snapshot of the Clean Development Mechanism (CDM) of the Kyoto Protocol the United Nations (UN) emissionreduction treaty. The CDM projects running■ Bernama - 303 words
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Article2160 2008-12-15 15 lee 12 RM C000] M Realty 0.31 unch \bric Bhd 0.12 unch \dvance Synergy ...0.09 unch \dventa Bhd 0.75 unch \eMulti Hldgs 0.15 unch \ffin Holdings 1.25 unch \hmad Zaki Resou ..0.48 -0.01 \ic Corp 0.47 unch \irasia Bhd 0.86 -0.02 \kn Technology 0.13 -0.02 Mliance Financi 1.632,160 words
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Advertisement167 2008-12-15 15 I*^ EPSON EXCEED YOUR VISION for daily Sun Tzu's I Art of War quotes Brought to you by EPSON Find out how Sun Tzu's strategic principles can be applied in modern day business and human relationship. Sun Tzu's Art of War reveals secrets for success. Win a wireless projector worth167 words
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Advertisement100 2008-12-15 15 gf^NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BESTBUILD DEVELOPMENT PTE LTD (In Liquidation) (Co. Reg. No. *****3919R) NOTICE OF INTENDED DIVIDEND Name of Company: BESTBUILD DEVELOPMENT PTE LTD (In Liquidation) Address of Registered Office: 149 Rochor Road #04-16 Fu Lu Shou Complex100 words
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GREATER CHINA/INDIA
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293 2008-12-15 16 Reuters [BEIJING] Chinese insurance firms should focus on improving their own businesses and supporting efforts to stimulate the domestic economy, not on buying cheap assets overseas, the industry's top watchdog said on Saturday. A manager at China Life, the world's biggest life insurer by– Reuters - 293 words
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595 2008-12-15 16 AFP The metal and other commodities see their prices plummet [SHANGHAI] When China hits the brakes, commodities exporters half a world away have to shift to a lower gear, as the rapidly deteriorating fortunes of the copper sector shows. The global financial crisis hasAFP - 595 words
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747 2008-12-15 16 AFP Falling industrial output share prices among signs country is hit by global crisis [NEW DELHI] Nobody in India is using the word "decoupling" any more to suggest Asia's third-largest economy can dodge the impact of the widening recession engulfing the West. The clearestAFP - 747 words
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Article, Illustration457 2008-12-15 16 AP, Reuters [BEIJING] China last Saturday said the "great majority" of its people support a long-awaited overhaul of its domestic fuel price regime, which officials have said for years is inefficient and unstable. After raising fuel prices last June, China has not lowered themAP,; Reuters; REUTERS - 457 words
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480 2008-12-15 16 -AP, AFP [TAIPEI] China and Taiwan will start a new era of direct air and shipping services today when planes and ships travel directly across the Taiwan Strait, formally ending a nearly six-decade ban on regular links. Relations have improved between the once-bitter– -AP,; AFP - 480 words
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Advertisement11 2008-12-15 16 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg11 words
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WORLD
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Article, Illustration685 2008-12-15 17 AFP, Bloomberg Buyer BNP Paribas says ruling has not changed its interest in troubled bank [BRUSSELS] Belgian-Dutch bank Fortis, saved from collapse by government rescue plans, is again teetering on shaky ground after small shareholders won a court case which freezesAFP,; Bloomberg; REUTERS - 685 words
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Article, Illustration638 2008-12-15 17 Bloomberg AUTO CRISIS [NEW YORK] A bankruptcy filing by General Motors Corp (GM) or Chrysler LLC would worsen the longest recession since the early 1980s if it led to a shutdown at the companies. "The economic ramifications of an outright bankruptcy would be severe," NewBloomberg; AP - 638 words
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606 2008-12-15 17 AP, AFP, Reuters WASHINGTON] Thousands of anxious US car industry workers yesterday were awaiting word on whether the White House will take decisive action on an industry bailout, as a presidential spokesman cautioned that no decision had been made yet. "We'll be focusedAP,; AFP,; Reuters - 606 words
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Article482 2008-12-15 17 ■AFP [BRUSSELS] European Union leaders last Friday pinned their hopes for beating recession on clubbing together for a 200 billion euro (***** billion) stimulus plan as some economists raised doubts that would be enough. "Everybody absolutely agrees on the gravity of the crisis," French■AFP - 482 words
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413 2008-12-15 17 Reuters [MADRID] It will be difficult, though not impossible, to close an awaited global trade deal in 2009, the head of the World Trade Organization Pascal Lamy was quoted as saying in Spanish newspaper El Pais yesterday. On Friday the WTO's– Reuters - 413 words
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Article, Illustration400 2008-12-15 18 Reuters Competition from other cities and global downturn pile on the pressure [LONDON] London's position as the world's top financial centre is under threat from the global downturn and fierce competition from New York and fast-growing hubs such as Dubai, Singapore and– Reuters; REUTERS - 400 words
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544 2008-12-15 18 JANE MOIR - JANE MOIR By in London POLICYMAKERS in Britain have stepped in to help home owners as estimates of 75,000 repossessions next year send a chill through the battered housing market. A £1 billion (552.2 billion) scheme to help home owners facing544 words
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779 2008-12-15 18 AP It has become so entrenched over the decades that it is part of the political culture already [CHICAGO] More than 25 years ago, a visiting small-town judge stashed a tape recorder in his cowboy boot and came away with shocking evidenceAP - 779 words
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Article, Illustration483 2008-12-15 18 Bloomberg [DUBAI] Prince Alwaleed bin Talal, Citigroup Inc's largest individual investor, lost 19 per cent of his personal wealth in the past year as the global economic slump reduced the value of banking and property assets, according to Arabian Business magazine. TheBloomberg - 483 words
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498 2008-12-15 18 Reuters [WASHINGTON] The US credit card industry, harshly criticised for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning this Thursday. The Federal Reserve will vote on sweeping reform of the credit card industry thatReuters - 498 words
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325 2008-12-15 18 AFP [LONDON] Opec, the cartel pumping 40 per cent of world oil, is set to announce this week plans to slash output in the hope of lifting crude prices weighed down by a recession-fuelled slide in energy demand. The Organization ofAFP - 325 words
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AVIATION/SHIPPING
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626 2008-12-15 19 YEN SREENIVASAN - YEN SREENIVASAN Company CEO remains upbeat on industry's longerterm prospects [SINGAPORE] The airfreight market may be in a funk, but JettB Airlines Cargo Singapore's first privately owned cargo carrier insists it is sitting pretty and attracting more investor interest. Louis Tan, CEO626 words
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Article, Illustration334 2008-12-15 19 VINCENT WEE - VINCENT WEE By [SINGAPORE] Sembcorp Marine unit Jurong Shipyard launched on Saturday the fourth of a series of four Pacific Class 375 jack-ups rigs originally ordered by Larsen Oil and Gas subsidiary PetroJack ASA. With its on-schedule launch, Petrojack IV is well on track for deploymentPETROJACK - 334 words
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Article232 2008-12-15 19 Bloomberg [COPENHAGEN] A. P. Moeller-Maersk A/S, owner of the world's largest container line, will cancel or postpone all new investment projects to free up cash as access to bank funding remains limited. "We want to free up cash to allow us to seize investment opportunities if– Bloomberg - 232 words
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TRANSPORT STOCKS
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Article108 2008-12-15 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.25 0.19 1.00 unch 0.69108 words
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Article37 2008-12-15 19 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings unch 8.50 8.50 2.23 2.31 0.06 unch unch -0.05 -0.05 0.01 unch -0.01 unch 0 235 599 378 52 35 037 words
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Article12 2008-12-15 19 '00 ■recious Ship Jegional Cont 10.40 5.85 -0.30 unch 3376 56912 words
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Article22 2008-12-15 19 '000 Aboitiz Equity ntl Container Keppel Marine Keppel Prop 5.50 15.00 2.00 unch -0.30 -0.50 -0.14 unch 684 5 32 022 words
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Article21 2008-12-15 19 Evergreen Marine ....16.00 :irst Steamship 32.70 ManHai Lines 15.10 fang Ming Marine...10.90 -0.20 0.10 -1.10 unch 22 15 5 3821 words
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Article39 2008-12-15 19 '000 lee 'en :awasaki Hvy Ind ..178.00 -17.00 ***** :awasaki Kisen 377.00 -50.00 ***** /litsubishi Hvy 392.00 -33.00 ***** /litsui Eng&Sbldg...131.00 -9.00 ***** /litsui Osk Lines 549.00 -44.00 ***** lippon Express 375.00 -27.00 ***** lipponYusen 525.00 -49.00 *****39 words
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Article2611 2008-12-15 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines'"" British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines MJ), BR EVA Airways2,611 words
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Page 19 Advertisements
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Advertisement372 2008-12-15 19 Geneva, 11th December 2008. In a response to the deteriorating trading environment MSC Mediterranean I Shipping Company will suspend their Tiger Service, withdrawing 9 vessels of I 6,500 TEUs capacity with immediate effect and as a result will make the I following changes to their remaining service network between the372 words
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Page 19 Miscellaneous
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Miscellaneous318 2008-12-15 19 CRYPTIC CROSSWORD ACROSS 7 Very ordinary green and gold I H2 j He I beds (6,2,6) on America (10) j 11 Posted enclosure around service (3) (7 3) J——^J—^J—^J—^J——■■—^J—L 16 Dress with a measure of warmth and start to sweat 17 Recoil in panic, crossing area j |19 I 18318 words
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Page 20 Advertisements
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Advertisement277 2008-12-15 20 Congratulations to I Petro Jack ASA I !|s^ on the official naming I dLgOla pl'tnl^ of their high-performance rig I Petro Jack IV I jigg |S built by Jurong Shipyard I rS^ Lady Sponsor: I Mrs Anchulee Gunavibool I SlS>! iSP Wife of His Excellency Mr Nopadol Gunavibool, lyfe^SsES!' F^tSl277 words
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SINGAPORE STOCKS
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Article9017 2008-12-15 21 Weekended: Dec 12 52-wks Tel |h Low Code Com| Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Hi; )ati] 12 3 3148 STelecom 17 3 5834 A-Sonic 110 100 6389 ABFSG I'.mi.] I II 30.5 12 5000 ABR9,017 words
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Article599 2008-12-15 22 Hii !-wks Tel Low Code Comi Sale COOP) Hii Low Bu, Seller C'vr P/E $mil 20 9 1181 s AAGrp 32 16 8538 s APStrategic 5.5 1 1501 s Advanced System 38 12.5 3518 s Afor. 25.5 2.7 1524 s Alantac s Alantac R s Alantac R300 20599 words
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Article709 2008-12-15 22 52-Wk Tel High Low Code Last Sale Vol Cooo) Week lh Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Com _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158709 words
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Article788 2008-12-15 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum788 words
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Article126 2008-12-15 22 tocl name lose lange tocl name lose lange tod name lose lange Caj i Land 2.740 -0.040 JSH 8.970 -0.250 SIAEm 2.040 -0.010 Caj iMall 1.530 -0.070 Jardine CSC 9.880 -0.620 SPH 3.170 -0.020 Cit' 6.020 +0.070 Kej ;l Cor| 4.190 -0.260 ST Em 2.300 -0.220126 words
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Article92 2008-12-15 22 Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 3 OOP 12 2 3 Manufacturing 114 52 45 14 123 58 59 Commerce 31 13 26 36 20 32 >r/Cc ms 27 27 11 Finance 33 33 Construction 12 15 Proj 31 1292 words
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Article120 2008-12-15 22 TURNOVER ('000) MAIN SPQ TOTAL MAIN VALUE ('000) SPQ TOTAL Multi Ind 131.800 131.800 345.451 345.451 Manufacturing 1.626.318 79.215 1.705.533 904.238 2.361 906.599 Commerce 391.665 55.605 447.270 362.424 9.275 371.699 ]t/Stor/Comms 573.570 775 574.345 826. 182 144 826.326 Finance 200.900 200.900 1.352.572 1.352.572 Construction 123.202 9.333 132.535120 words
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Article2870 2008-12-15 22 Transaction date: Dec 12 For a full listing of the dosing prices, log on to EST online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing2,870 words
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Page 21 Advertisements
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Advertisement45 2008-12-15 21 Le maitre de I'horlogerie depuis 1875 U, Wsmmßßj!i^ii fEsm *^B f^^l^^^s^ r^r H^» -ysaaSM -fjM^Blfc u^&Ja.^.^ fa^^. r IhMb djjsiojr^——LLji^CfflM^Hl Sole Distributor Service Centre: AUDEMARSPJGUET (SINGAPORE) PRIVATE LIMITED .^S 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 s^—J Internet: Http://www.audemarspiguet.com45 words
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Page 22 Advertisements
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Advertisement30 2008-12-15 22 Insiders'trades. Brokers'recommendations. Dividend table. XUC Dl ICIMECC XllV/ICC The pages also cover transactions by directors and substantial I nil DU3IIMC33 I lIVIC3 shareholders. In other words, news you can use.30 words
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FINANCE & COMMODITIES
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360 2008-12-15 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec12 World Index Preliminan 650.7 -2.1 -42.5 -2.0 -43.2 -1.9 -44.9 EAFE Preliminai 630.6 -3.0 -43.7 -2.7 -46.0 -2.6 -47.7 Euro[ Preliminan 896.3 -2.4 -41.9 -1.9 -48.6 -1.8 -50.2 Pacific 511.1 -4.2360 words
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Article132 2008-12-15 23 As at 9am Dec 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9850 1.0170 Can dollar 1.1950 1.2100 Euro 1.9710 1.9940 NZ dollar 0.8130 0.8310 terlinc nd_ 2.2220 2.2480 US dollar 1.4810 1.4970 Local dollars to 100 units of foreign132 words
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Article177 2008-12-15 23 Dec 12 $S_ Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/8 3/4 7/8 15/16 Offer 1/16 1/2 5/8 11/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.50 1.50 2.10 2.20 2.50 2.60 2.70 Offer 0.20 1.10177 words
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Article25 2008-12-15 23 Dec 12 ten Hji Sett STI SIMSCI Dec 214.5 217.7 212.3 Taiwan Dec 173.5 176.4 167.4 Source: MF Global (S) Pte. Ltd25 words
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Article24 2008-12-15 23 Dec 12 SJ Bid Offer 1-month 1.4912 1.4929 2 months 1.4903 1.4923 3 months 1.4888 1.4908 6-months 1.4856 1.4881 Source: OCBC24 words
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Article62 2008-12-15 23 Dec 12 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Dec 08 1600 Jan 09 1637 Feb 09 1650 Mar 09 1645 Total o/p: ***** contracts 1564 1600 1561 44 771 1589 1648 1570 1334 ***** 1581 1650 1567 4517 ***** 159062 words
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Article297 2008-12-15 23 Dec 12 URODOLLAR FUTURES Dec08 Vlar09 un09 >ep09 98.1450 98.4000 98.4550 98.4250 4831 ***** 4111 2741 EUROYEN TIBOR FUTURES Dec08 99.100 99.100 Vlar09 99.265 99.300 Iun09 99.300 99.300 iep09 99.340 99.360 Dec09 99.370 99.370 VlarlO Iun10 >ep10 99.100 99.265 99.300 99.340 99.370 99.100 99.295 99.340 99.385 99.375297 words
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Article193 2008-12-15 23 Dec 12 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) Ian 09 101.0 =eb 09 113.0 VlarO9 115.5 <\prO9 115.0 VlayO9 122.5 lunO9 121.5 100.0 105.0 109.0 115.0 120.5 120.5 102.0 108.5 113.5 116.0 116.0 116.0 98 40 44193 words
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Article88 2008-12-15 23 Dec 12 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****Z 12.03.09 -Year BY*****V 02.11.09 0.67 0.79 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year NXOO1OOT 4.625 i-Year NXO31OOZ 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year NY*****X88 words
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Article105 2008-12-15 23 Dec 12 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 854.00 856.50 863.50 828.50 Mar 09 856.25 860.50 866.00 831.00 May 09 865.75 870.00 868.00 843.00 Jul 09 874.75 879.25 882.00 850.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 31.10 31.46 30.90105 words
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Article75 2008-12-15 23 CRUDE OIL PRODUCTS Dec 11 origin^ t/barrel Close Cham irent blend (1-Mth F) 48.01 4.21 WTI (Near Mth) 47.12 3.30 iubai (1-Mth F) 42.75 1.68 "apis blend 45.75 1.45 i/linas 41.05 1.45 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 28.67 56.40 -0.3: -1.3! US$/barrel )pec Oil Basket Price75 words
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Article463 2008-12-15 23 Dec 12 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.812 4.455 0.489 5.043 31.579 71.978 0.583 8.923 2.328 1.198 51.245 31.277 0.971 6.637 0.769 21.671 22.831 0.436 0.651 Canada 1.231 5.483 0.602 6.206463 words
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Article67 2008-12-15 23 Dec 12 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters mth 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 2.***** 1.*****67 words
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Article149 2008-12-15 23 Dec 12 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9701 0.9719 0.6504 0.6509 Canadian dollar 1.1942 1.1959 0.8006 0.8010 luro 1.9826 1.9849 1.3292 1.3294 IZ dollar 0.8096 0.8112 0.5428 0.5433 Sterlinc 2.2273 2.2302 1.4932 1.4937 IS dollar 1.4916 1.4931 >$IUS$149 words
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Article134 2008-12-15 23 Dec 12 /oz) tec tec Hong Kong London 818.30 812.00 819.30 813.00 Dec 11 Dec 12 824.50 822.90 826.50 824.90 Source: Thomson Reuters CAST BAR (S$) Dec 12 Buying Sellini Kilobar "41,702.18" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1134 words
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Article65 2008-12-15 23 Dec 12 Aluminium OO 70/. iri (USS/tonne) Close Previous :ash 1460.50 months 1500.00 1522.21 1563.01 Copper, Grade A (USS/tonne) ;ash months 3143.00 3175.00 3286.0I 3320.0I .ead (USS/tonne) :ash 1010.20 months 1018.00 1011.01 1020.01 lickel (USS/tonne) ]ash I months *****.50 *****.01 *****.00 *****.01 'in (USS/tonne) :ash *****.00 *****.01 months65 words
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Article66 2008-12-15 23 Dec 12 (£/tonne) Close Prev Hii ih/Low Dec 08 1670 1806 1819/1670 War 09 1645 1634 1650/1609 Way 09 1641 1629 1647/1612 lul 09 1650 1637 1654/1625 IOFFEE (US$/tonne) Close Pev High/Low Ian 09 1902 1905 1920/1875 SUGAR (US tonne) White Close Prev High/Low 1ar 09 319.2 328.6 324.5/317.366 words
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Article2696 2008-12-15 23 BONDS WARRANTS rel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price 'rem Expiry Disc Gear- Mths ing Left >058 Advance Modules Grp W*****3 >036 Advance SCT Ltd W*****9 0.5 unch 30 17 87 156 1.50 1358 12.00 44 20 S092 Asia Environment W*****4 2 38 281 5.252,696 words
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Page 24 Advertisements
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Advertisement2537 2008-12-15 24 m The Business Times P^V L^^V BlCT^jffnHTiffffffTOTiffßßffiß T WAN HAI INTERNATIONAL PTE LTD crno U6W;oooo r S^___i ___*L_E mmMK^mWH^MsBmWMISKmSSm TEL *****588 (14 LINES) FAX: *****163 V W^^^^lirT^E^r^l Eta laWKwl*? V\N 1 WAN HAI INpN <»"«n« Service/Bookings Direct line- (1800)*****200 A A m- I I iffSß ***** Vll VVHII I Inl2,537 words
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Page 25 Advertisements
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Advertisement3174 2008-12-15 25 RICKMERS-LINIE -^^wtd^^i^ HTT\ EASTERN CAR LINER, LTD I g|) QGSlf^^ re g k .B ulk /P roi e.,/SOC Convening. Service^ website: ww^Hd—ga, |_fcj SPEC.AUZE IN RORO HEAVY L.FT UPTO 450 TON^ WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF3,174 words
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Page 26 Advertisements
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Advertisement3080 2008-12-15 26 K£H H 19 H H H 11 andersen ""-'IJTLSI'SE. 7I rnlLOßYMAVimioiuTßniipl ■spßftfM ISM Bgß l_H I A V shipping coMpg^TT 70 Shenton Way, #21-03 Marina House Singapore *****8 OLUn IW"IUHIHHI U-IUUr I wMsWJm HP!! RflU HH Mi PIP NORTH WEST EXPRESS LINE »#,«.-»«t^fr«M*^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS3,080 words
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Page 27 Advertisements
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Advertisement2782 2008-12-15 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n2,782 words
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BizIT
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Article, Illustration673 2008-12-15 28 WINSTON CHAI - WINSTON CHAI Computer giant still expects to grab a piece of second SOEasy project PC giant Dell Computer is betting that Singapore's upcoming integrated resorts (IRs) will provide a silver lining for its growth at a time when most enterprises are tightening their technology673 words
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Article293 2008-12-15 28 [TOKYO] Debt-ridden memory maker Elpida Memory Inc and partner Powerchip Semiconductor Corp are considering selling stakes in their Taiwanese joint venture and asking for state aid as the DRAM industry crumbles. PC memory makers worldwide are putting their hands out to governments, parts suppliers and293 words
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Article, Illustration954 2008-12-15 28 AMITROYCHOUDHURY - AMITROYCHOUDHURY Spending expected to reach US$l96 billion by end-2009 WHILE the economic slowdown will force most businesses to rethink their growth strategies, the Asia-Pacific region still presents great opportunities on the back of emerging technologies and the eventual bounce-back of regional economies,954 words
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<what's up>
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88 2008-12-15 28 HOME-GROWN RecordTV has been named one of the most innovative companies in Asia at the prestigious Red Herring 100 awards. Held recently in Hong Kong, the awards aim to honour the creativity of a newer generation of regional technology firms and 100 winners were eventually picked88 words
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82 2008-12-15 28 APPLICATION delivery solutions provider Citrix Systems has won a server virtualisation infrastructure deal for powering Alatum, a new grid computing service being offered by Hewlett-Packard and SCS. Under the terms of the deal, Citrix's XenServer product will be deployed to help enable the82 words
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Article, Illustration74 2008-12-15 28 BRITISH Telecommunications firm BT has appointed Michael Boustridge as the head of its Asia-Pacific operations. He will hold on to his current position as the CEO of BT Americas on top of taking on the responsibility for overseeing the company's operations across 16 Asian countries.74 words
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Article, Illustration68 2008-12-15 28 WINSTON CHAI - WINSTON CHAI ORANGE Business Services has promoted Charles Kennaway to the post of general manager for its subsidiaries in the Asean region. Formerly the chief financial officer for its Asia-Pacific operations, Mr Kennaway (above) will now be responsible for overseeing Orange Business Services' operations68 words
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Article, Illustration802 2008-12-15 29 Industry professionals are bullish on the republic's aspirations to become a media hotbed, report MARISSA LEE and THEODORA KEE SINGAPORE can become a world-class media hotbed, say participants of the first Asian edition of SIGGRAPH, one of the world's most renowned trade shows on computer802 words
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297 2008-12-15 29 > ONG BOON KIAT - > ONG BOON KIAT They will develop a secure document management system A SINGAPORE technology that safeguards sensitive corporate documents could become a pillar for the giant conglomerate that builds Airbus jetliners and Eurocopter helicopters. At last week's SIGGRAPH Asia show, local software297 words
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326 2008-12-15 29 JONATHAN GAN - JONATHAN GAN By A NEW Singapore-grown technology can help save lives by detecting accidents at home, lending it to applications that protect the elderly at home. The Human Action Recognition Technology from the Agency for Science, Technology and Research (A*Star), unveiled for the first time326 words
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<what's new>
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Article, Illustration134 2008-12-15 29 BLUEANT is upping the ante in the world of mobile phone accessories with the launch of a new Bluetooth headset capable of recognising voice commands. Claimed to be the world's only voice-controlled headset, the BlueAnt VI (above) allows users to replace button-pushing with verbal134 words
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102 2008-12-15 29 STARHUB has introduced a new service to help strengthen the cyber defences of financial institutions. Called "Internet Clean Pipes", the new offering is designed to repel denial-of-service (DDoS) attacks from malicious Web users. Hackers often use this method to inundate a company's Web servers with102 words
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Article, Illustration92 2008-12-15 29 UNITED Kingdom-based smart phone maker i-mate has introduced two software enhancements for its line of Windows-based handsets. The first is i-mate Go (above), a free icon-driven user interface developed exclusively for i-mate devices. It allows users to have easy, one-touch access to functions such as92 words
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Article96 2008-12-15 29 WINSTON CHAI - WINSTON CHAI SUN Microsystems has launched MySQL 5.1, the latest release of its popular open-source database software. The new version boasts of a number of enhancements to make it more suited for enterprise deployment. These include an improvement in response time through table and index96 words
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303 2008-12-15 29 AFP [SAN FRANCISCO] A pair of US inventors are bringing to market a computerised car key that prevents people from chatting on mobile phones or sending text messages while driving. Key2SafeDriving adds to a trend of using technology to thwart speeding, drunken driving and otherAFP - 303 words
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228 2008-12-15 29 -Reuters [HELSINKI] The world's top cellphone maker Nokia plans to tap the surging market for connecting laptops to wireless networks, taking on market leader Huawei Technologies, its senior official said. Nokia will start to ship its first Internet stick in early 2009, aiming to benefit-Reuters - 228 words
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Page 28 Advertisements
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Advertisement34 2008-12-15 28 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists Mm m w 4 4, \V %>, Raffles Conversations \Vv\SSVV\ W 4 A col lection from The Business Times V\\ 1"" \u Availableatallleadingbookstores vA\\a\\\ V%.34 words
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Page 29 Miscellaneous
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Miscellaneous10 2008-12-15 29 SILVER LINING Dell sees business opportunities from IRs PAGE 2910 words
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