The Business Times, 31 October 2009
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2009-10-31
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The Business Times
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Title Section16 2009-10-31 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg October 31-November 1,2009 Sji.OO mica(p)l24/08/2009 S*l A SINGAPORE PRESS HOLDINGS PUBLICATION16 words
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622 2009-10-31 1 Chuang Peck Ming - Chuang Peck Ming Total employment rises by 15,400 in Q3, even though the unemployment rate creeps up to 3.4% in Sept By peckming@sph.com.sg Singapore THE jobless rate is up, even though the economy is on the mend and churning out more jobs.622 words
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Article, Illustration765 2009-10-31 1 Emilyn Yap - Emilyn Yap More property developers are throwing in branded ovens and other luxury fittings to draw homemakers By emilyny@sph.com.sg Singapore A MIELE oven can do more than bake a cake these days it might just help whip up a home sale. More developersFILE PHOTO - 765 words
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Page 1 Miscellaneous
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Miscellaneous146 2009-10-31 1 ijH&^P^"lf the raffles conversation I CEOS'HAWKER WEALTH II II DENNIS GILLINGS, CEO OF y^ GUIDE Lessons from the > >QUINTILES TRANSNATIONAL 89 Hokkienzichar I L 6-7 last 12 months 132 8 sszisi *****4 1 POSITIVE OUTLOOK Business sentiment improves BUSINESS sentiment for both the manufacturing and service sectors has improved146 words
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TOP STORIES
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MARKETS
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Article47 2009-10-31 2 KL COMP 1,243.23 +1.48 NIKKEI 225 10,034.74 +143.64 HANG SENG 21,752.87 +487.88 SET 685.24 -4.86 JAKARTA 2,367.70 +23.67 MANILA 2,908.50 +46.17 KOSPI 1,580.69 -5.16 SHENZHEN B 537.40 +5.58 MUMBAI IND 15,896.28 -156.44 12 noon EDT Chanpe 12 noon EDT Change DOW 9,807.73 -154.85 NASDAQ 2,065.21 -32.3447 words
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Article29 2009-10-31 2 Bloomberg SINGAPORE 538 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.773 TAIWAN 4.776 JAPAN 1.475 KOREA 933 BRITAIN 050 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 dfgfdgfd;.- Bloomberg - 29 words
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Article48 2009-10-31 2 us$ 'S$ .er US$; 1.397 'US$/ /S$ 1.655 2.311 EURO. ;us$/s$/i 1.483 2.071 Forei: ;n current >er US$ S$ YEN 91.10 65.20 RM 3.415 2.445 HK$ 7.750 5.548 BAHT 33.43 23.93 RUPIAH 9,550 6,836 RENMINBI 6.828 4.888 NDIAN RUPEE 46.99 33.64 A$ 1.095 0.784 NZ$ 1.372 0.98248 words
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542 2009-10-31 2 Teh Shi Ning - Teh Shi Ning More expect business conditions to be more favourable in next 6 months: EDB survey By tshining@sph.com.sg Singapore BUSINESS sentiment for both the manufacturing and service sectors has improved further, yesterday's release of findings from official surveys showed. Among manufacturers, the number of542 words
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Article, Illustration334 2009-10-31 3 SINGAPORE Press Holdings (SPH) yesterday celebrated its 25th anniversary with a gala concert at the Esplanade Concert Hall. SPH chairman Tony Tan used the occasion to present a cheque for $500,000 to Jennie Chua, chairman of the Community Chest. The money is toDESMOND WEE/THE STRAITS TIMES - 334 words
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893 2009-10-31 3 Winston Chai wmstonc@sph.com. sg - Winston Chai wmstonc@sph.com.sg Capitalisation dips just 1.8% in stark reversal from October 2008 By Singapore TTn ft T-% *—i 1 111 FEARS of another black October have turned out to be largely unfounded. The capitalisation of the Singapore stock market893 words
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Article, Illustration840 2009-10-31 4 Conrad Tan - Conrad Tan Bigger gains from investment activities, growth in lending income boost results By conradt@sph.com.sg Singapore UNITED Overseas Bank's net profit rose 5.3 per cent to $500 million for the third quarter from a year ago, surpassing analysts' estimates, as the group signalledFILE PHOTO - 840 words
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Article399 2009-10-31 4 Bloomberg, Reuters LATEST US DATA New York CONFIDENCE among US consumers fell in October, indicating job losses may keep household spending muted even as the economy resumes growth. The Reuters/University of Michigan final index of consumer sentiment decreased to 70.6 from 73.5 in September, which wasBloomberg, Reuters - 399 words
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638 2009-10-31 5 bai. Bloomberg New York stays clear favourite in global survey of investor choice Washington SINGAPORE has emerged as the second leading global financial centre after New York. While New York has withstood the worst economic crisis in seven decades, London slipped behindbai. Bloomberg - 638 words
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Article, Illustration661 2009-10-31 6 Anthony Rowley btworld@sph.com.sg Tokyo - Anthony Rowley btworld@sph.com.sg Tokyo Pleas from government to delay such exit strategies go unheeded By THE Bank of Japan's Policy Board asserted its independence yesterday by voting to end unorthodox corporate funding measures it introduced at the height of the global financialAFP - 661 words
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Article, Illustration602 2009-10-31 6 Bloomberg Hong Kong BILLIONAIRE Lee Shau-kee said he has sold as much as 30 per cent of his Hong Kong stock investments and is buying land, betting that the government's efforts to cool home prices won't work. Mr Lee, chairman andBloomberg; BLOOMBERG FILE PHOTO - 602 words
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Page 2 Miscellaneous
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Miscellaneous65 2009-10-31 2 NEWS LIVING Top Stories 2-6 Shopping L2-4 Week in Review 7 Dining L6-9 Raffles Conversation 8-9 Companies 10-13 H^ «^H From The Desk Of 14 Singapore 15-17 JJ^f \HkV Letter From Abroad 18 Travel LI O-11 World 19-22 Personal space Ll2-13 Stocks Stats 23-27 Weekend With Ll4 Perspective 28-29 Health65 words
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Page 5 Advertisements
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Advertisement267 2009-10-31 5 TAT/U CRUCTBLE THE CAMPUS QUIZ SINGAPORE 2009 TheTata Crucible Campus Quiz continues to engage the sharpest young minds in Singapore. In the gruelling finale of the 2009 edition of the quiz, held on Oct 23 rd, 2009 at RockAuditorium, Bai Zhiyong andTay Shijia of National University of Singapore walked away267 words
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WEEK IN REVIEW/WEEK AHEAD
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this week
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53 2009-10-31 7 SHARE placements this year have shown that it is not what you know, but rather who you know that matters. "It makes a difference psychologically when a large fund is involved. It signals that the fund believes in the company," said Carey Wong, research manager at53 words
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35 2009-10-31 7 AFTER a long and painful period of decline, trade volumes have finally picked up. But it is too soon to say whether world trade has finally turned the corner.35 words
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37 2009-10-31 7 SINGAPORE-listed Chinese companies or S-chips are among a slew of outfits that are issuing Taiwan Depository Receipts (TDRs) to Taiwan's investing public. Most TDRs are currently trading at strong premiums.37 words
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57 2009-10-31 7 THE amount of taxpayer funds they've taken: US$9O billion. The amount of money they've paid top executives: $18.2 million. Each. And this average pay of top managers at Citigroup and Bank of America was almost double that of the other five57 words
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72 2009-10-31 7 DUTCH bancassurer ING Groep will split into two as part of a restructuring deal with the European Commission, transforming itself over the next four years into a smaller Europe-focused bank. The company also said on Monday that it would pay72 words
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47 2009-10-31 7 expensive again AIRFARES have climbed as much as 50 per cent in recent weeks as airlines end promotions and travel demand picks up ahead of the year-end peak period. Rising surcharges, fuelled by the recovering price of oil, are another culprit.47 words
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43 2009-10-31 7 ASURVEYof 60 of the biggest companies listed in Singapore has found that top executives were paid slightly more in fiscal 2008 than the year before, but disclosure and governance standards continue to lag those elsewhere.43 words
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30 2009-10-31 7 BANGLADESH'S top anti-corrup-tion body has charged the eldest son of ex-premier Khaleda Zia with laundering US$3 million to bank accounts in Singapore, police said.30 words
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45 2009-10-31 7 THE fall in profit was due to the Q3 2008 bottom line being boosted by gains of $441.6 million from the divestments of One George Street in Singapore, Capital Tower Beijing and the Raffles City properties in China.45 words
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47 2009-10-31 7 MORE than 40 per cent of the unit trusts and investment-linked insur- ance funds in the CPF Investment Scheme are at risk of being struck off the scheme if they do not fully comply with CPF's admission criteria by January 2011.47 words
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Article, Illustration64 2009-10-31 7 OCBC Bank yesterday trumped expectations to post a third-quarter net profit of $450 million up 12 per cent from a year ago. Non-per-forming loans fell, a sign of an economy on the mend. BLOOMBERG BEATING ANALYSTS' CALLS OCBC Bank has posted a netBLOOMBERG - 64 words
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40 2009-10-31 7 THE Bank of Japan is leaning towards scrapping its corporate finance support programmes, such as purchasing corporate debt, in December. But some Cabinet ministers have put pressure on the BOJ to continue the measures.40 words
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45 2009-10-31 7 SERVICES will fuel growth next year as the economy settles into a more gradual pace following two euphoric quarters, says the Monetary Authority of Singapore. With only modest recovery in end-de-mand in sight, manufacturing is expected to rebound moderately.45 words
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48 2009-10-31 7 4th publicly funded varsity to focus on design technology SINGAPORE'S fourth publicly funded university has officially been named the Singapore University of Technology and Design. Also unveiled on Thursday was its founding president, Thomas Magnanti, a former dean of the engineering school at the Massachusetts Institute of Technology.48 words
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40 2009-10-31 7 THE global crisis has forced governments worldwide to reassess their tax policies. Where once they focused on cutting corporate taxes to lure investment, the need now is to shore up their tax bases.40 words
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Page 7 Miscellaneous
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Miscellaneous124 2009-10-31 7 CRYPTIC CROSSWORD 22 Fine piano had us yesterday's solution 26 First bars of wrought iron 23 Underwear, 25 Aniseed, 26 Triniretaining temperature (5) 1 Joins up with English to (5) ty, 27 Dresser, 28 Hundred. 27 Waiter's 'eavy casserole get respect (6) 5 Boors grabbing hot birds Down: 1 callous,124 words
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Miscellaneous98 2009-10-31 7 NEXT WEEK Nov 2-6, 2009 US DATA Nov 2 Construction spending Sept ISM index Oct Pending home sales Sept Nov 3 Factory orders Sept Auto sales Oct Truck sales Oct Nov 4 ADP employment report Oct ISM services Oct Nov 5 Employment cost index Q3 Productivity prel Q3 Nov 698 words
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THE RAFFLES CONVERSATION
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Article, Illustration1803 2009-10-31 8 S Jayasankaran - S Jayasankaran A mathematician at heart, Dennis billings has taken Quintiles to the top of its curve, providing services to the pharmaceutical industry. By ENNIS Gillings is the chairman and CEO of Quintiles Transnational, the world's largest provider of services from biostatistical research to clinical trials toFORBES - 1,803 words
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Article372 2009-10-31 8 AS a mathematician, Dennis Gillings was always fascinated with the logic and order of numbers but as a private company, his Quintiles Transnational does not have to reveal any. Its debt isn't known and neither are its earnings. Even his shareholding in the company he372 words
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Article73 2009-10-31 8 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive "like73 words
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COMPANIES
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Article326 2009-10-31 9 Michelle Quah - Michelle Quah Company's board also seeking legal advice on ex-CEO's claim for his salary and severance compensation By michquah@sph.com.sg Singapore FALMAC, which recently saw a change in leadership, is suing all of its former directors on the grounds they breached their fiduciary duties. The company said326 words
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370 2009-10-31 9 Uma Shankari - Uma Shankari EGM WATCH By shankari@sph.com.sg Singapore CAPITALAND shareholders at an extraordinary general meeting (EGM) yesterday approved the company's plan to spin off and list its $20.3 billion retail portfolio after just one hour. But many of them were concerned with two370 words
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307 2009-10-31 9 Ven Sreenivasan - Ven Sreenivasan By ven@sph.com.sg Singapore ROTARY Engineering, which recently won contracts worth some $1.1 billion in Saudi Arabia, yesterday said that it had secured two new contracts worth a total of $20 million from Shell Eastern Petroleum. It said that the contract for revamp307 words
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502 2009-10-31 9 Samuel Ee - Samuel Ee By samuelee@sph.com.sg Singapore LOWER energy costs and the government's Budget measures helped SMRT Corp to a 24.1 per cent year-on-year increase in net profit to $52.8 million for its second quarter ended Sept 30. Measures like the Jobs Credit scheme502 words
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426 2009-10-31 10 Lynette Khoo - Lynette Khoo Company talking to potential market maker to distribute its ADRs in US By lynkhoo@sph.com.sg Singapore SINOTEL Technologies' first American Depository Receipts (ADRs) were issued yesterday to a US private investor, marking the first quotation of its ADRs in the United States.426 words
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Business briefing
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48 2009-10-31 10 CHINA Energy expects to report a loss for Q3 2009. Lower average selling prices have led to a drop in overall sales, while the low utilisation rate of the group's in-house methanol production facilities had negatively affected the group's profit margins.48 words
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27 2009-10-31 10 AUSGROUP said its Australian subsidiary had been awarded contracts worth As3o million (Ss3B million) by Woodside as part of Pluto LNG Project.27 words
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58 2009-10-31 10 CHINA Kangda Food Company has warned of a lower unaudited net profit for the nine months ended September 2009. The decline was attributed to a decrease in demand for rabbit meat in the European Union, a decrease in sale orders for processed food in58 words
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327 2009-10-31 11 Oh Boon Ping - Oh Boon Ping Coal mining firm attributes jump in profit primarily to higher sales and average selling price By huwenbin@sph.com.sg Singapore Singapore DRIVEN by higher coal sales, Straits Asia Resources yesterday reported a 65 per cent jump in net income to US$3B.6 million327 words
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553 2009-10-31 11 Lynette Khoo - Lynette Khoo By lynkhoo@sph.com.sg Singapore HIT by pricing weakness, China Sunsine Chemical Holdings has posted a third-quarter net profit of 25 million yuan (555.12 million, down 44.4 per cent from a year ago, despite racking up record sales volume. For the quarter ended Sept553 words
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Article216 2009-10-31 11 NET PROFIT (S$Nl) TURNOVER (S$IU) __l NET PROFIT (S$IUl) COMPANY CURRENT PREVIOUS %CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS %CHNG I TURNOVER (S$IU) CURRENT PREVIOUS %CHNG 1 UOB 1,380.00 1,605.00 -14.0 4,163.00 3,902.00 6.7 500.00 475.00 5.3 1,322.00 1,213.00 9.0 2 Straits Asia 135.01 115.40 17.0 728.62 612.92216 words
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313 2009-10-31 11 CDL Hospitality Trusts (CDLHT) has posted distributable income of about $16.97 million for the third quarter ended Sept 30, 2009, a 30.5 per cent drop from the same period last year. The $16.97 million is after deducting $1.66 million that the trust is313 words
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Article, Illustration590 2009-10-31 12 R Sivanithy Senior correspondent - R Sivanithy Senior correspondent STOCKS sivan@sph.com.sg Senior correspondent THIS column yesterday raised the likelihood that Wall Street would rise on Thursday. As it turned out, this was indeed the case the major US indices enjoyed strong gains that day, supposedly because an encouraging government590 words
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Article111 2009-10-31 12 "eledata 168,143 3.5 -0.5 -12.5 JeBrandz 60,190 -0.5 -33.3 Jan Joo 57,147 7.5 0.0 0.0 iolden 48,090 43 0.0 0.0 ientins SP ***** 108 1.0 0.9 Sins ;Tel 45,472 294 -4.0 -1.3 41,665 414 6.0 1.5 "ranscu Gr^ 28,033 11.5 0.0 0.0 IOL 27,246 159 -3.0 -1.9111 words
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Article58 2009-10-31 12 CLOSE UP )BXT MSAsExJi 10US$ 2646 283.4 8.3 DBXT FTChina25 10US$ 3080 136.8 3.3 GLD 10US$ ***** 136.8 1.0 DBXT FTVietnam 10US$ 5539 96.3 1.3 DBXTMSKorea 10US$ 4285 75.4 1.3 China H 10US$ 1640 41.9 1.9 JSH 1750 36.3 1.5 UOB 1708 36.0 2.2 DBXT MSTaiwan 10US$ 148058 words
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Article56 2009-10-31 12 DBXT S&P Short 10US$ 5780 -139.6 -1.7 IBXT Nift 10US: ***** -124.3 -0.9 JMH 2998 -72.6 -1.7 Emeri Ikts 1 932 -41.9 -3.1 India Nift 10 1415 -33.0 -2.3 NOLES.0910 154 -27.0 -14.9 SembMar.ES.0911 349 -11.0 -3.1 MS India 10US$ 1353 -9.8 -0.5 SGXRBeCW *****9 1556 words
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Article99 2009-10-31 12 litaLand 4.140 +0.060 Noble Gn 2.620 +0.010 1.600 OCBC Bk 7.660 +0.010 :ityDev 10.000 +0.060 Olam 2.750 +0.050 1.540 +0.020 SGX 8.080 -0.010 :osco Con 1.130 SIA 13.600 +0.040 IBS Gn 13.060 +0.140 SIA En: 2.800 +0.030 :&N 3.870 +0.100 SMRT 1.680 +0.010 ientin: SP 1.080 +0.010 SPH99 words
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Article, Illustration288 2009-10-31 12 Lee Arthur - Lee Arthur By arthurl@sph Singapore GUIDING hands, shouts of encouragement and enthusiastic helpers made the day for "clients" of Hougang Care Centre (HCC) yesterday afternoon at a special sports day jointly organised by ABR Holdings and the Singapore Exchange. About 120 staff, volunteersARTHUR LEE - 288 words
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133 2009-10-31 12 SINGAPORE Telecommunications is shoring up its stake in Bharti Airtel, India's biggest wireless operator, to 31.95 per cent from 30.43 per cent. In a regulatory filing yesterday, it said that whollyowned subsidiary Pastel has agreed to buy 730,000 shares in Bharti Telecom from the133 words
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Advertisement152 2009-10-31 10 ~jT Get up close personal l^€~-''^f W with a Michelin Star chef! I" Kadeka is proud to present the year's I j^tt^gg^A Wp most anticipated private gastronomic I V experience in partnership with Hilton I ad- ti Singapore, Pernod Ricard Singapore and I A rnvate Lvent Wine Dine Magazine! JvCSfrVPrI152 words
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FROM THE DESK OF
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Article, Illustration1166 2009-10-31 13 Liew Mun Leong - Liew Mun Leong China's growth is unstoppable, but whether it can sustain its phenomenal rise depends on how it responds to its challenges FROM THE DESK OF CEO CapitaLand LAST Saturday, I delivered a paper at a Symposium at Peking University in celebration1,166 words
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SINGAPORE
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Article, Illustration585 2009-10-31 14 Lee U- Wen - Lee U-Wen Ambitious vision to boost its image as a world-renowned university in a rising Asia By leeuwen@sph.com.sg WHEN he became president of the National University of Singapore (NUS) last December, he laid out an ambitious vision to position the institution as a global player with585 words
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Article313 2009-10-31 14 MANUFACTURERS, logistics industry players and Spring Singapore are teaming up to prepare the industry for future challenges as they strengthen Singapore's supply chain management and transshipment hub capabilities. "Singapore as a thriving transshipment hub will position us as an important global supply chain control tower.313 words
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314 2009-10-31 15 Teh Shi Ning - Teh Shi Ning 'Learning network' to help companies share best practices and technologies By tshining@sph.com.sg PRIME Minister Lee Hsien Loong announced a new programme to promote energy efficiency among companies, at the launch of Clean and Green Singapore 2010 yesterday evening. Speaking on climate change314 words
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Article, Illustration325 2009-10-31 15 Felda Chay - Felda Chay By feldac@sph.com.sg GOING green can be profitable, and local manufacturers should start embracing the idea, Economic Development Board managing director Beh Swan Gin said at a networking session held by the partners of the Manufacturing Excellence Award (MAXA). "Manufacturing holds the keyFILE PHOTO - 325 words
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327 2009-10-31 15 Nisha Ramchandani - Nisha Ramchandani By nishar@sph.com.sg HELICOPTER maker Eurocopter South East Asia (ESEA) broke ground yesterday at the site of a $15 million facility slated for completion in the fourth quarter of next year. The 8,200-sq-m facility at Seletar Aerospace Park (SAP) will have a327 words
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Article, Illustration762 2009-10-31 16 Chen Huifen - Chen Huifen One-day, one-stop, one-centre concept to woo medical tourism dollars By xuifen@sph.com.sg COMPETITION for the medical tourism dollar may soon shift to the standard of patient care services, rather than on the competency of the doctors, according to one industry observer. This762 words
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340 2009-10-31 16 Centre for Int'l Law launched at NUS SINGAPORE needs to develop expertise in international law to protect its national interests, Senior Minister S Jayakumar said yesterday. He was speaking at the launch of the Centre for International Law (CIL), at the National University of340 words
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210 2009-10-31 16 Felda Chay - Felda Chay By feldac@sph.com.sg JAPAN-BASED Okura group of companies said yesterday that it will set up its global business headquarters in Singapore. The company, which has a subsidiary here since 1989, said that it would expand its operations here to include conducting, managing210 words
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Page 14 Advertisements
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Advertisement236 2009-10-31 14 IN THE MATTER OF I, Robert Michael Rawcliffe, divorce, of 50 the companies act, cap. so AND Bayshore Road #23-05 Singapore ***** intend in the matter of 7, LINGUAPHONE SINGAPORE to marry Nenita Tesiorna Vanzuela, single, of pteltd 50 Bayshore Road #23-05 Singapore ***** at Compa?^w& t">nNo' The Garden Wall,236 words
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Advertisement52 2009-10-31 15 Get your double dosage of Sunday papers at just $1,201 thesundayti^ jJS^'sss* B^^* The Sunday T i», *Available for copies purchased at Buzz Pods, Cheers, Econ Minimarts, 7-Eleven, Cold Storage, Giant, Guardian, NTUC, Shop N Save, Caltex, Esso-Mobil, Shell, Prologue, Borders and newsstands.Valid every Sunday from now till 8 Nov.52 words
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LETTER FROM ABROAD WITH ASCOTT
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Article, Illustration867 2009-10-31 17 Rachel Chua - Rachel Chua Being in the country allows me to see and do things which I would not experience if I lived in Toronto. There is a waterfall (my favourite place), a half-hour's drive from where I live. LETTER FROM TORONTO Infrastructure Advisory and Corporate Finance, Deloitte867 words
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Advertisement155 2009-10-31 17 EXPERIENCETHEPAMPERINGTOUCHESOFOUR .-J1 fefe£^tff§|i SOMERSET SERVICED RESIDENCES IN VIETNAM Somerset Grand Hanoi Br^^VWVnSKiMI >* Ideal for international executives and families looking for work-life balance, Somerset West Lake, Hanoi ''?^—'—iS^^H Somerset serviced residences in Hanoi and Ho Chi Minh City offer you a warm /M and stylish home away from home. Be155 words
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Advertisement14 2009-10-31 17 THE ASCOTT GROUP A Member of CapitaLand Thisseries is broughttoyou by The Ascott Group14 words
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WORLD
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Article, Illustration669 2009-10-31 18 Reuters The bank seeks to raise more than USs4b, while Las Vegas Sands is aiming for US$2-3b Hong Kong LAS VEGAS SANDS and China's Minsheng Banking Corp have won approval from the Hong Kong stock exchange for more than US$6 billion in combinedReuters; LIANHE ZAOBAO FILE PHOTO - 669 words
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Briefing
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111 2009-10-31 18 Bloomberg ki Kimi Raikkonen, the world's second-highest paid athlete before being dropped by the Ferrari Formula One team, is having trouble selling a 14.5 million-euro (Ss3o million) second home in his native Finland. "The potential clientele for this price range is very small," PasiBloomberg - 111 words
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91 2009-10-31 18 Bloomberg Jakarta PT Telekomunikasi Indonesia's third-quarter profit rose 24 per cent from a year earlier, the best three-month gain since the period ended December 2007 as sales at the nation's biggest telephone company increased. Net income in the three months to SeptBloomberg - 91 words
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106 2009-10-31 18 Bloomberg ig Industrial Commercial Bank of China Ltd and Bank of China Ltd reported third-quarter profit that exceeded analysts' estimates, buoyed by a loan surge and lower provisions for potential losses on loans and investments. Net income at ICBC rose 19Bloomberg - 106 words
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489 2009-10-31 18 Pauline Ng - Pauline Ng By btworld@sph.com.sg Kuala Lumpur THE UK's Marlborough College is to open its first overseas branch in Iskandar Malaysia by 2012, starting with a pioneer batch of 350 students and growing to 1,300 or about four-fold by 2020. An agreement was489 words
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575 2009-10-31 19 Reuters The measure will cost US$B94 billion and reduce budget deficit by US$lO4 billion over 10 years Washington DEMOCRATS in the US House ol Representatives unveiled a sweeping healthcare overhaul on Thursday that would transform the insurance market, create a government-run insurance plan andReuters - 575 words
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550 2009-10-31 19 Reuters Sydney TRAVELLERS seeking a quiet place need look no further than the numerous abandoned towns around the world. Travel review website IgoUgo.com {http:\www.igougo.com) has compiled a list of the top 10 ghost towns around the world based on recommendations from its readers.Reuters - 550 words
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237 2009-10-31 19 AP Los Angeles FACEBOOK said on Thursday that a California court has awarded the social networking website US$7ll million in damages in an anti-spam case against Internet marketer Sanford Wallace. Facebook sued Wallace for accessing users' accounts without their permission andAP - 237 words
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Article, Illustration466 2009-10-31 20 AFP Founder Prof Kleinrock led the party at the UCLA campus Los Angeles TECHNOLOGY and media stars, pundits, and entrepreneurs joined the Internet's father on Thursday to celebrate the 40th anniversary of his culture-chang-ing child. "It's the 40th year since the infant Internet first spoke,"AFP - 466 words
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507 2009-10-31 20 AP Seoul THE non-profit body that oversees Internet addresses approved yesterday the use of Hebrew, Hindi, Korean and other scripts not based on the Latin alphabet in a decision that could make the Web dramatically more inclusive. The board of the Internet Corporation forAP - 507 words
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286 2009-10-31 20 Reuters Frankfurt GERMAN authorities placed Helmut Kiener, founder of Germany's Kl hedge fund group, under arrest on Thursday in a multimillion-dollar corruption probe of a Caribbeanregistered fund he ran. His arrest warrant said Barclays and BNP Paribas may have lost millions ofReuters - 286 words
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492 2009-10-31 21 Bloomberg Commercial real estate woes won't set off another meltdown, he says Chicago US TREASURY Secretary Timothy Geithner said commercial real estate woes won't set off a new banking crisis, in remarks to the Economic Club of Chicago. "I don't think so," Mr Geithner said,Bloomberg - 492 words
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Article, Illustration384 2009-10-31 21 Bloomberg Brussels LIAQUAT Ahamed's Lords of Finance, a vivid history of how four central bankers brought on the Great Depression, won the Financial Times and Goldman Sachs Business Book of the Year Award. MrAhamed, an adviser to investment manager Rock CreekBloomberg; BLOOMBERG - 384 words
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297 2009-10-31 21 iPhone finally comes to China sans Wi-Fi AP Beijing APPLE'S iPhone is making its long-awaited formal debut in the world's most populous mobile-phone market, without a key feature and at higher prices than widely available black-market models. Apple's local service provider, China Unicom Ltd, hopes the iPhone will give itAP - 297 words
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Advertisement25 2009-10-31 20 Lianhe Zaobao Dispute with Citigroup settled Oei Hong Leong to donate#^^ what he f J H fi will get to $g charity v^J 1 P^BM^iflilßr.iifjS!;lil25 words
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SGX
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Article8893 2009-10-31 22 52 ligh ;z-wks Tel Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div i C'vr GrYld Net P/E M Cap Smil 7 1.5 14 5.5 I !3 13 I 6 12 4 1.5 6.5 3.5 _8 !5.5 I 1.5 88,893 words
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Article1510 2009-10-31 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 0 5 1181 s AA Grp 15 12 8538 t APStrategic 0.5 1501 s Advanced System '.5 2 3480 t Adventus >.O 8.5 3518 t Afor 2.5 2 1524 t Alantac 1 3.5 7814 t1,510 words
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Article48 2009-10-31 25 Up Down Unch 8 7 2 Up Down Unch 0 0 0 Up Down Unch 8 7 2 lulti Ind lanui Fact :unnj .ommerce ■inance .onst ruction Totel Jsts >ervices led >as/ latef ;ure larr Active counters with no volume for today are not included48 words
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Article173 2009-10-31 25 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 cum173 words
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Article803 2009-10-31 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 26 Trans Date Shareholder/ Director Sell Conv Shares '000 Per ShrS Before (TOO) After ('000) itock dynamic Colours Ltd 29-Oct-09 Yeo Hock Leng >untec Reit 28-Oct-09 Lim Hwee Chiang :AN Grp Ltd 28-Oct-09 Siew Chak Hung \nwell Tech Ltd803 words
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Advertisement39 2009-10-31 22 J tlJr *yj^S. M ctii B >Jfsl ?|l>k m\m» 'V II m II hv ftl |TA| I h fA| BB &|4 k^H jr/^J^^f ff~^vß^yV Ik^wl H I 111 '■kvi ViV P A^^B I J I II |U Bt^'. llSiittiiiiiikl39 words
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MARKETS
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STOCK MARKETS
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367 2009-10-31 26 In local curr In S$ In US$ %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change Oct 29 World Index Preliminai 793.8 1.2 17.1 1.3 18.7 1.5 22.3 tEAFE Preliminai 751.0 0.6 15.7 0.8 21.5 1.0 25.2 Euroi Preliminai 1077.8 1.5367 words
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Article72 2009-10-31 26 Oct 2Z\ :OCOA (£/tonne) Close Prev Hi, 'Low )ec09 2147 2153 2158/2122 Azr 10 2182 2186 2193/2156 2208 2216 2219/2183 lul 10 2137 2145 2149/2115 lOFFEE (US$/tonne) Close Pev High/Low \lov09 1406 1393 1409/1392 Ian 10 1455 1438 1460/1438 iter 10 1486 1468 1491/1470 SUGAR (US tonne) White Close72 words
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Article101 2009-10-31 26 Oct 29\ iNS(! (5,000 bu min; USi /60 lb bushels; Close Previous High/Low \lov09 985.50 968.50 989.75 963.25 Ian 10 987.00 970.50 991.50 965.25 vlar 10 987.50 971.25 991.75 966.50 vlaylO 983.75 967.25 988.00 963.00 SOYBEAN/OIL (60,000 lbs; usc^b) Close Previous High/Low 3ec09 37.52 36.86 37.94 36.63 Ian101 words
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Article73 2009-10-31 26 Oct 29\ JSS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 78.40 2.21 79.97 2.66 75.71 -1.01 80.30 -1.25 78.60 -0.45 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.55 -1.95 82.90 -1.15 USS/barrel Opec Oil Basket Price 75.9473 words
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Article66 2009-10-31 26 Oct 3o[ GOLD (US$/oz) Oct 30 Oct 29 Hong Kong 1045.*****3.10 Oct 29 Oct 28 London 1042.*****2.00 1043.*****2.80 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 23.39 23.16 Source: UOB PLATINUM Lon (US$/oz) Oct 29 Close Previous PM Fix 1328.*****3.00 AM Fix 1318.*****5.00 Source: Thomson Reuters PLATINUM NYMEX66 words
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Article146 2009-10-31 26 Qct3<\ :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.2745 Offer 1.2759 Bid 0.9128 Offer 0.9130 :anadian dollar 1.3062 1.3078 0.9355 0.9358 iuro 2.0700 2.0721 1.4826 1.4827 IZ dollar 1.0169 1.0189 0.7283 0.7291 jterlini 2.3099 2.3127 1.6544 1.6549 IS dollar 1.3962 1.3975 >$/US$ to146 words
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Article60 2009-10-31 26 Oct 30 )elivery 4onth Opening Range Sett Price Av Price Low Vol Done Open Position Hh slov09 Dec 09 Jan 10 reb 10 2199 2160 2199 2148 392 1042 2186 2172 2190 2159 2129 ***** 2207 2208 2208 2165 7464 ***** 2206 2217 2217 2173 1725 ***** Total60 words
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Article68 2009-10-31 26 Q«29| tluminium, 99.73' mrity (US$/tonne; Close Previous lid /tonne; lose ■revious Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.01 *****.01 lash months lopper, Grade A 1917.50 1952.00 1876.75 1912.00 'US$/tonne) lash J months ■ead (US$/tonne; 6639.50 6664.50 6404.00 6430.00 Cash 3 months Zinc, Special Hi} *****.00 *****.01 *****.0068 words
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PERSPECTIVE
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Article, Illustration1331 2009-10-31 27 NYT Like any commodity that*' becomes overpriced, there comes a market correction. And denim's day of reckoning was long overdue. THE US$3OO pair of designer jeans is now, courtesy of the recession, the US$2OO pair of designer jeans. "It was all just a fad," saidNYT; STOCK.XCHNG; FILE PHOTO - 1,331 words
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Article, Illustration585 2009-10-31 27 Chen Jun An - Chen Jun An By DURING an investment promotion trip to Singapore, Penang Chief Minister Lim Guan Eng was surprised to learn that 40 per cent of specialist doctors in Singapore's government hospitals were from Malaysia. He was amazed that Singapore valued talent that much and even suggested to585 words
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Wealth
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WEALTH INVESTING
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401 2009-10-31 28 Genevieve Cua - Genevieve Cua By ADVISERS to wealthy families are sceptical that client confidentiality will be maintained in the wake of pressure from the G-20 on offshore financial centres to share tax information. A survey by the Society of Trust and Estate Practitioners (Step) of 526 advisers401 words
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Article, Illustration859 2009-10-31 28 Genevieve Cua - Genevieve Cua Amid a highly competitive landscape, independent financial advisers need to find a niche or offer more distinctive services. By ASSETS advised by independent financial advisers (IFA) plunged in 2008, then rose slightly along with the broad market up to June 2009. The silver liningSTOCK.XCHNG; CerulliAssociates - 859 words
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Article785 2009-10-31 28 Conrad Tan - Conrad Tan Neptune Orient Lines Trading Sell CIMB-GK Research Oct 30 Close: $1.59 NEPTUNE Orient Lines' (NOL) Q3 2009 results were below expectations, with its core net loss of US$l39 million exceeding our forecast of US$BO million, due to the absence of any sequential improvement in liner losses. As785 words
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Article, Illustration1279 2009-10-31 29 Christopher Tan CEO, Providend - Christopher Tan CEO, Providend WEALTH INSIGHTS Rather than focusing on mistakes of the past, it is more important to use it as a basis to move forward CEO, Providend THE last 12 months must have been the toughest period of my life, both personally1,279 words
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Article, Illustration1302 2009-10-31 30 Teh Hooi Ling - Teh Hooi Ling SHOW ME THE MONEY Even buying into the least favoured asset class at any point in time does provide one with some pretty good insurance hooiling@sph.com.sg Senior correspondent IT'S funny how our mind retains bits of conversations and information and toSTOCK.XCHNG - 1,302 words
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WEALTH REAL ESTATE
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Article, Illustration635 2009-10-31 32 Kalpana Rashiwala - Kalpana Rashiwala Wheelock Properties boss cites firming in office rents, and suggests govt will act fast to keep rents reasonable. Reports by kalpana@sph.com.sg THE government could release two or three large office sites for sale fairly soon as early as first half635 words
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378 2009-10-31 32 DAVID Lawrence has a suggestion for dealing with the problem of rogue housing agents whom the government is trying to rein in: by introducing legislation. Either the Ministry of National Development or Housing and Development Board could set up a separate statutory body378 words
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Article538 2009-10-31 32 WHEELOCK Properties (Singapore) CEO David Lawrence remains upbeat about prospects for Singapore's luxury residential property market, as the island is increasingly attracting rich people and businesses. "The interesting thing is that more and more people are becoming PRs and citizens," he says. "A lot of538 words
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Page 31 Advertisements
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Advertisement956 2009-10-31 31 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 15 Tangerine Grove Apt 08/10/2009 FH 1238 980 792* landed District 20 GrayLane 2-Sd 09/10/2009 FH 3779 2100 556 LANDED OperaEstate 1-Ter 07/10/2009956 words
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Page 33 Advertisements
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Advertisement27 2009-10-31 33 m^ay M Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.27 words
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Page 34 Miscellaneous
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BT Living
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SHOPPING
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Article, Illustration2272 2009-10-31 35 Melissa Lwee - Melissa Lwee Giving up solid jobs with stable income to plunge headlong into the world of fashion proved to be a worthwhile sacrifice for several creative minds By AS a fresh graduate, picking a career path is difficult enough, but deciding to switch professions mid-career takes2,272 words
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KEPPEL CLIPPER ROUND THE WORLD
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Article, Illustration592 2009-10-31 37 Vincent Wee - Vincent Wee Sailing on this leg has been tough and seasickness has taken its toll on some of the crews. By ALONG with the nine other boats on the 09-10 Clipper Round the World Yacht Race, Uniquely Singapore set off on Tuesday on the second leg to592 words
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299 2009-10-31 37 KEPPEL Corp is maintaining its commitment to grow with Brazil by sponsoring a programme to train teachers in Angra, the area in Rio de Janeiro state where the group has a huge shipyard. An official presentation was made this week to Angra299 words
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CEOS' HAWKER GUIDE
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Article, Illustration1148 2009-10-31 38 Audrey Phoon - Audrey Phoon BT Weekend picks out the best in Hokkien zi char. By IW OKKIEN cuisine, which originates from China's Fujian province, typically involves lots of seafood and soups cooked in simple, hearty style think "hei zor" (fried rolls stuffed with prawns and pork), fish maw soup:YEN MENG JIIN. AUDREY PHOON - 1,148 words
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Article, Illustration624 2009-10-31 38 Audrey Phoon - Audrey Phoon Chew Kia Seng Managing director, Credit Agricole (Suisse) S.A, Singapore Branch By ASK Chew Kia Seng the location of his home, and he describes it thus: "If you draw a straight line, it's only 200m from the Jalan Tua Kong mee pok stall." That's howARTHUR LEE - 624 words
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DINING
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Article, Illustration1343 2009-10-31 39 Audrey Phoon - Audrey Phoon With unique concepts and talented chefs, these two new eateries are set to carve niches for themselves in the dining scene. By Private Affairs 45 Joo Chiat Place S 6440-0601 www.privateaffairs.com.sg THERE'S a red glow that emits from the entryway of the newest business in Joo1,343 words
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Article, Illustration506 2009-10-31 39 Audrey Phoon - Audrey Phoon IT wasn't Singapore's fanciest restaurants that captivated the palate of The New York Times' Gisela Williams when she visited recently, but its local flavours. In an article published in the American newspaper on Oct 18 ("Singapore's culinary melting pot"), the journalist raved about the506 words
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TRAVEL
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Article, Illustration1236 2009-10-31 40 Geoffrey Eu - Geoffrey Eu Kyushu is rich in history and culture, with natural beauty to spare, but there's also a distinct sense that it is different from the rest of Japan By ASAMI Fukutome is not someone you'd normally run into on a visit to Kagoshima Prefecture inPHOTOS BY GEOFFREY EU - 1,236 words
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HOME & GARDEN
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Article, Illustration1054 2009-10-31 41 Corinne Kerk - Corinne Kerk Creating memories together is important to Siow Hua Ming and Karen Soh and their home is set up to help facilitate this very function. By IF the home is truly where the heart is a sanctuary of love, security, comfort and rest then thatPHOTOS: YEN MENG JIIN - 1,054 words
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WEEKEND WITH
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Article, Illustration1046 2009-10-31 42 Corinne Kerk - Corinne Kerk %J Nishita Shah juggles multiple iobs V while still finding time for flying, sailing and philanthropy. By WHAT were you doing at 29? For Nishita Shah, the answer is: A lot. The 29-year-old Thai national of Indian descent is on Forbes' list of 40YEN MENG Jlll\ - 1,046 words
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HEALTH
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Article, Illustration396 2009-10-31 43 AFP Washington AMERICANS suffer from a chronic lack of sleep, according to a study released Thursday, which says the problem is a bigger public health problem than is generally recognised. The report by the Centers for Disease Control and Prevention (CDC) analysed American sleepAFP - 396 words
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SPORT
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Article, Illustration546 2009-10-31 44 Lee U- Wen - Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent WHAT do the governments of countries such as China, Poland, Australia, the United Kingdom and Pakistan have in common? They all have a Minister of Sport in their respective Cabinets, each focused on spearheading the national effort546 words
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Article, Illustration1019 2009-10-31 44 John Dykes - John Dykes kick off with John dykes WHEN Gianfranco Zola was in his pomp as a player at Chelsea, he became the subject of one of those jokes that rival fans routinely trot out to wind up their mates. It went: "What's the difference1,019 words
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GOLF
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Article, Illustration1067 2009-10-31 45 Justine Moss - Justine Moss It's been a challenging and eventful year for world No 2 Phil Mickelson, both on and off the course. By WHILE doing what he loves most hanging out with family and friends, playing tournament golf and working on his golf course designJOHN HENG - 1,067 words
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MOTORING
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Article, Illustration547 2009-10-31 46 Samuel Ee - Samuel Ee driving style NTU professor Euston Quah's love for the brand goes back a decade. By SPEED is not Professor Euston Quah's top priority when it conies to his motoring preferences. Rather the head of economics at the Nanyang Technological University values ride comfort above allYEN MENG JIIN - 547 words
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Article, Illustration450 2009-10-31 47 Samuel Ee - Samuel Ee fl watch The Abu Dhabi Grand Prix promises to be an exciting affair but will anyone be watching it? By THE final Fl race this season may not be as suspenseful as had been hoped for but it could still score high among television viewers for<\FP - 450 words
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Article, Illustration504 2009-10-31 47 Samuel Ee - Samuel Ee Major modifications to the chassis means the latest Wish is a surprisingly satisfying drive By RIGHTLY or wrongly, one can get stereotyped driving a certain car. A prime example is the Toyota Wish, once Singapore's most popular compact MPV. Families who wanted an affordable504 words
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Article, Illustration549 2009-10-31 48 Audi is rolling out sports models faster than you can shake a stick at it. Samuel Ee drives two of the latest examples from the German premium carmaker JUST when almost every convertible has incorporated the retractable hard top, the new Audi A5 Cabriolet sticks to tradition and549 words
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Article, Illustration520 2009-10-31 48 IT IS amazing the effect that an ex- r^j|t tra litre and two more cylinders 1 can have. When the high-per-formance Audi R8 mid-engined I two-seater coupe was first introduced over two years ago, it wowed with its sensational styling and lyrical 4.2-litre \M V8 engine. Then Audi520 words
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Page 37 Advertisements
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Advertisement69 2009-10-31 37 BZO^ifflfUlUiX r*^ HfliLA^ HP ,f| flfli lp I l.rj ■1■ MI Offshore Marine HHWHHiIW! lliaCT Itoi^^^L :*'V fJI Keppel Offshore Marine Ltd i^ (Mead officel jjj^^^j^^^^ff SM Wnlfl V 50 Gul Road KL '\ir Wk J i_ Singapore *****1 Bw'IIWHWwWnHM'iffMBW'iiHSSBmWWiB V l\'l' Tel: (65) 6863 7200 UjKEI Bjl^l Fax: (65)69 words
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Advertisement74 2009-10-31 37 CLIPPER ROUND THE WORLD RACE ""The overall posit ion, when two boats havethe same points, is decided by which team has the greatest numberof higher posit ions in individual races (cou nt back ru le RRS A8) 1 Spirit of Australia 2 Team Finland 3 Jamaica Lightning Bolt* 4 Cork*74 words
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Advertisement1232 2009-10-31 43 Wine^Cline withßTWeekend Pine Court Chinese Restaurant over 30 wine labels, available by the glass quality embodied in a signature style of Make space for 10 at Claymore's newly Level 35, Orchard Wing and bottle. Lunch: Mon to Sat: $45.00++ per cuisine by Chefs Obuer at Brasserie Les expanded buffet spread1,232 words
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Page 44 Miscellaneous
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Miscellaneous16 2009-10-31 44 *> Catch John Dykes on ESPN's Football Focus every Tuesday (Bpm) and First Edition on Friday (9pm)16 words
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Page 45 Advertisements
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Advertisement60 2009-10-31 45 Barclays Singapore Open 2009 Where: Sentosa Golf Club (Serapong Course) l§s!vF>Ai/ When: Today and tomorrow M Prize Money: US$5 million j^^^^d Ticketing: $50 today and tomorrow at all Sistic outlets or online at: www.sistic.com.sg. If you buy 10 tickets you get one free. Admission is free for children below 18.60 words
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