The Business Times, 7 June 2010
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2010-06-07
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The Business Times
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Title Section23 2010-06-07 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, June 7,201023 words
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Article, Illustration838 2010-06-07 1 CHEN HUIFEN - Last year alone, the number of merging firms rose 57 per cent to 104 By CHEN CHEN HUIFEN [SINGAPORE] Increasingly, the Republic’s SMEs are dropping the “S”. Small and medium enterprises appear to have become more receptive towards mergers over the past few years,(as at Feb 28) - 838 words
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Article158 2010-06-07 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,806.51 +66.81 KL COMP 1,294.39 +25.23 NIKKEI 225 9,901.19 +138.21 HANG SENG 19,780.07 +13.36 SET INDEX 771.48 +34.20 JAKARTA COMP 2,823.25 +109.33158 words
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Article, Illustration662 2010-06-07 1 EMILYN YAP - By EMILYN YAP [SINGAPORE] Officials assessing the eco-friendliness of buildings need to get used to a jet-setting lifestyle. Besides visiting sites in Singapore, they now have to go overseas to inspect architectural features and compute energy savings. As Singapore’s Green Mark certification gains662 words
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Page 1 Advertisements
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Advertisement197 2010-06-07 1 BizIT S’pore WAN services market to cross US$1b this year PAGE 30 PROPERTY Meng Garden back on the market PAGE 10 DINING OUT Aussie-style seafood by the quay PAGE 23 VIEWS FROM THE TOP Top execs on their Corporate Family Pledge PAGES 12 13 8 '*****1 *****4 So striking, no197 words
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TOP STORIES
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Article565 2010-06-07 2 More SMEs taking the merger route SMALL and medium enterprises appear to have become more receptive towards mergers over the past few years, and the trend could continue to grow, suggests data collated by BT and the Accounting and Corporate Regulatory Authority. Last year, the number of merging565 words
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Article, Illustration972 2010-06-07 2 ANDREW MARKS - Letdown on US jobs front dashes hopes for a market turnaround WALL STREET INSIGHT By ANDREW MARKS SO MUCH for looking forward to a week dominated by domestic news on the economy instead of the European sovereign debt crisis. The greatly anticipatedAFP - 972 words
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Article569 2010-06-07 2 NISHA RAMCHANDANI - Occupancy levels could rise 5-10 percentage points By NISHA RAMCHANDANI [SINGAPORE] With tourist arrivals bouncing back, room rates and occupancy levels at Singapore hotels continue to rise, hosing down worries that the 4,000-plus rooms added by Resorts World Sentosa (RWS) and Marina Bay Sands (MBS)569 words
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Article, Illustration464 2010-06-07 4 LYNETTE KHOO - They should ask pertinent, searching questions at general meetings By LYNETTE KHOO [SINGAPORE] What better place to instil the right mindset among retail investors than a regional investment conference? Over the weekend at the Asian Investment Conference Exhibition 2010, Singapore Exchange chairman JYFILE PHOTO - 464 words
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Article, Illustration546 2010-06-07 4 WINSTON CHAI - By WINSTON CHAI [SINGAPORE] Singapore Telecommunications aims to fill the local absence of Apple’s wildly popular iTunes music store with a string of new tie-ups that could more than double the repertoire of its free song download service. “This year, you will see546 words
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Article, Illustration636 2010-06-07 4 ANTHONY ROWLEY - By ANTHONY ROWLEY TRADE ministers from the 21 members of the Asia Pacific Economic Cooperation forum (Apec) ended their weekend meeting in northern Japan yesterday with an unusually strong and urgent political statement calling for all-out efforts to get the World TradeAFP - 636 words
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353 2010-06-07 4 MARTIN HUTCHINSON - By MARTIN HUTCHINSON THE current US recovery is jobless so far. The 431,000 new jobs last month included only 41,000 in the private sector. That looks anaemic, perhaps due to huge federal deficits and a steep yield curve. However it’s too early353 words
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Article11 2010-06-07 4 DB Platinum II FX Select Guaranteed Fund R1D 27/05/10 100,19 USD11 words
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Article21 2010-06-07 4 DB Platinum IV I Balanced Currency Harvest Euro 11C 28/05/10 100,29 EUR Double Joy Capital Guaranteed Fund R1D 27/05/10 9,91 USD21 words
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Advertisement119 2010-06-07 2 www.futurechina.sg ijA* I FUTURECHm SINGAPORE The FutureChina Global Forum 12-13 July 2010 Ritz-Carlton Hotel, Singapore Platinum Sponsors Strategic Insights for Riding China's Next Decade Featuring insights and analyses from renowned personalities including George Yong-Boon Yeo, Minister for Foreign Affairs, SG Fang Fenglei, Chairman, Flopu Investments Management, PRC Nicholas Lardy, Senior119 words
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Advertisement180 2010-06-07 3 f v>,, V?:: ••-1 V X t ACQUIRING MEMORIES, NOT POSSESSIONS. WEALTH. WHAT'S IT TO YOU? If wealth to you means acquiring a wealth of experience, then we can help. At Barclays Wealth, we have the expertise to create a tailored investment strategy that has your aims and ambitions at180 words
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Advertisement87 2010-06-07 4 BUN n BRAND NEW > Binjai Park *****sqft/7000sqft Good Privacy 25m Lap Pool Renowned Designer* Ask$17.8M PLOT A Binjai Park *****sqft/*****sqft > Flat Squarish Land 46m Frontage Ask $28M PLOT P) > Binjai Park?'0C0sc,t/ '600sqft > Quiet, nor L Charming, ii.-.e Giorey House > Ask $32A': FOR SfiL€ BINJfll PORK87 words
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Advertisement23 2010-06-07 5 ■4JL- in K. > 1 J w We listen. And we understand that no two stories are alike. www.prudential.com.sg PRLDENTIALlS/ Always listening. Always understanding23 words
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SINGAPORE MARKETS
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Article, Illustration717 2010-06-07 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent CLEARLY, going by Friday’s action in all the Western markets, the worst is not yet over for equities. Granted, the picture is made hazy by heavy doses of short-selling and the consequent short-covering and we have no doubt717 words
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494 2010-06-07 6 SOPHIA LAI - COMMODITY WATCH By SOPHIA LAI The writer is an investment analyst CORN and corn products have improved our lives in thousands of ways considering its diverse usage. Other than edible products, corn is also used in the production of plastics, fabric, paper494 words
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426 2010-06-07 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies declined last week, led by India’s rupee and South Korea’s won, as concern that Europe’s debt crisis will slow the global economic recovery dimmed the outlook for exports and sapped demand for emerging-market assets. Tensions on the Korean peninsulaBloomberg - 426 words
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Article1339 2010-06-07 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.36 2.00 11 11.10 9.55 1.39 1.06 ARA Asset Mgt 1.75 1.67 4 7.30 13.43 1.23 0.98 Armstrong Industrial Corp 1.00 1.00 2 4.45 8.761,339 words
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Article125 2010-06-07 6 BY CENTS CLOSE DOWN DBXT AUDMM 5SG$ *****-632.0 -2.8 DBXT STGLDv100 10US$ 2648-234.1 -5.9 DBXT S&P Short 10US$ 5308-185.0 -2.4 OCBC Bk 5.1%NCPS 100 *****-170.0 -1.6 OUE 1750-150.0 -7.9 OCBC Bk 4.5%NCPS 100 9966-132.0 -1.3 GLD 10US$ *****-114.9 -0.7 DBXT DBLCI-OY 5US$ 3115 -64.5 -1.5 Lyxor Malaysia 10US$ 731125 words
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Article66 2010-06-07 6 Jun 4 VALUE CLOSE BT OB/OS 61.00 +338.0 BT CADI -*****.00 +87.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 674.96 +2.37 FTSE ST Small Cap 517.71 +3.90 FTSE ST All Share 690.98 +3.20 FTSE ST China Top 255.57 +0.50 FTSE ST China 283.26 -2.83 FTSE66 words
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Article59 2010-06-07 6 VOLUME Genting SP 618,730,000 Golden Agri 282,693,000 Baker Tech 147,997,000 Noble Grp 141,612,000 Sapphire 134,467,000 Cosco Corp 129,628,000 GMG Global 108,615,000 Z-Obee Hldgs 108,490,000 SingTel 103,930,000 Yangzijiang 85,229,000 VALUE($) Genting SP 642,142,094 DBS Grp 430,673,179 UOB 424,156,988 SingTel 303,021,706 OCBC Bk 275,584,019 Keppel Corp 258,587,064 Noble Grp59 words
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Article110 2010-06-07 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 689.7 4.6 JMH 3694 308.4 6.3 DBXT MSKorea 10US$ 4475 302.8 5.1 JSH 2148 266.3 9.7 WesTech 360 240.0 200.0 DBXT FTVietnam 10US$ 4399 224.3 3.8 Jardine C&C 2992 214.0 7.7 Westech Elec 10 346 206.0 147.1 Lyxor India Nifty 10110 words
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Article87 2010-06-07 6 Where S$ stands Jun 4 CHNG YR 2010 CLOSE FR Jun 3 S$ LOW S$ HIGH US$ 1.4023 -0.07 1.4219 1.3680 Euro 1.7126 0.64 2.0153 1.7060 Pounds 2.0578 0.12 2.2831 2.0003 A$ 1.1876 0.46 1.2960 1.1515 Yen* 1.5109 0.06 1.5927 1.4467 Rupiah* 0.***** -0.18 0.***** 0.***** Baht* 4.3007 0.0287 words
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Page 6 Advertisements
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COMPANY NEWS
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Article, Illustration829 2010-06-07 7 OLIVIA HO - By OLIVIA HO NOT a few heavily pregnant working women would rather avoid the office to stay home and rest. But not Shenile Teo. “If I’m at home, I’ll just think about feeling sick,” says the director at Great Eastern Life Assurance. “When I829 words
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784 2010-06-07 7 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IN FRIDAY’S column on the plight now facing shareholders of loss-making companies on the Singapore Exchange’s Watchlist such as the now-delisted General Magnetics, it was rightly pointed out that for some companies where the axe has fallen, it is784 words
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Article, Illustration456 2010-06-07 9 Remarks come after report said CEO Thiam considering another attempt Bloomberg [HONG KONG] Prudential plc, which aborted the largest acquisition in its 162-year history, doesn’t plan to revive its bid to buy the main Asian unit of American International Group Inc, it saidBloomberg; AFP - 456 words
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Article, Illustration163 2010-06-07 9 A: Annual, E: Extraordinary G: General, S: Special, W: Warrantholders A full list of company meetings is at http://www.businesstimes.com.sg COMPANY MEETING PLACE DATE TIME OUE E Mandarin Orchard Singapore, Mandarin Ballroom III, 6th Floor, Main Tower, 333 Orchard Road, Singapore *****7 16-Jun 10.00am Gems TV Hldgs E RELC163 words
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Article403 2010-06-07 9 Jun 4 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of403 words
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Advertisement123 2010-06-07 7 Importing WE MAKE IMPORTING SIMPLE. Sometimes, one wrong move can undo everything you've done. Why not rely on DHL IMPORT EXPRESS WORLDWIDE to solve your puzzling imports? One company door-to-door. One competitive price. One invoice in one currency. That means fast delivery without excuses or hidden costs. Simple and smart.123 words
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SINGAPORE MARKETS
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Article, Illustration1455 2010-06-07 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent WHENEVER there is market panic, small cap stocks will suffer the brunt of the selling. Or, it could be that the liquidity is so poor in the small cap sector that it can’t absorb the selling, and as a result,1,455 words
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1315 2010-06-07 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying among directors slowed after four straight weeks of heavy activity with 17 companies that recorded 37 purchases worth $10.3 million based on filings on the exchange from May 311,315 words
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Advertisement112 2010-06-07 9 SINGAPORE EXPERIENCE AWARDS RECOGNISING THE BEST IN SINGAPORE EXPERIENCES The world's first night race in our city streets. A wining and dining experience par excellence. An international exhibition that caters to tens of thousands. These Singapore experiences, among many others, are a celebration of the very best that we have112 words
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Advertisement22 2010-06-07 9 Ladies CjentCemen yve cordially invite you To lease or se(Tyour property witH TMTORIO 'FRCYPFRTXj QKOOIT TCease R.S.V.T Warmest Regards, EVA 9634 976922 words
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SINGAPORE NEWS
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Article, Illustration596 2010-06-07 10 LEE U-WEN - He says Cheonan sinking dominated discussions at Asia Security Summit By LEE U-WEN AS cross-border tensions continue to escalate in the Korean peninsula over the controversial torpedo attack on a South Korean warship in March, Deputy Prime Minister Teo Chee Hean described the securityAP - 596 words
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Article, Illustration452 2010-06-07 10 KALPANA RASHIWALA - Guide price of $135m is below previous attempt in 2007 By KALPANA RASHIWALA MENG Garden Apartments off Killiney Road is back on the market, this time with a lower price tag than when it was previously offered in July 2007 and with 100 perCB RICHARD ELLIS - 452 words
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Article, Illustration199 2010-06-07 10 ARTHUR LEE - By ARTHUR LEE COMMUTERS leaving the City Hall MRT station and heading towards the Raffles City Shopping Centre were greeted by a dazzling array of street performers yesterday afternoon. Mime artist Kate Mior and comic juggler and unicyclist Johnny Toronto put upARTHUR LEE - 199 words
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272 2010-06-07 10 LYNETTE KHOO - By LYNETTE KHOO THE chief executive of ICAP, the world’s largest inter-dealer broker, has emerged top among an outstanding group of entrepreneurs, clinching the title of Ernst Young World Entrepreneur Of The Year 2010. Michael Spencer, CEO of the UK’s ICAP, was272 words
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Article766 2010-06-07 10 Payment Ex Books Pay (cts) date close date AIMS AMP Cap Ind Reit ag 0.538 20-May 24-May 28-Jun Amara Hldgs an 0.500 14-Jun 16-Jun 28-Jun Apex-Pal Intl an 0.500 07-Jun 09-Jun 23-Jun Asia Pac Brew aw 14.000 02-Jun 04-Jun 23-Jun Asiatravel.Com aw 0.600 27-May 01-Jun 14-Jun Aspial Corp766 words
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Page 10 Advertisements
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Advertisement324 2010-06-07 10 UBS (Lux) Key Selection Sicav Investment company with variable capital (Societe d'lnvestissement a Capital Variable) Registered office: 33A avenue J.F. Kennedy B.P. 91, L-2010 Luxembourg R.C. Luxembourg N° B 88.580 Notice of Annual General Meeting of shareholders The shareholders of UBS (Lux) Key Selection Sicav are invited to the Annual324 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1675 2010-06-07 11 The real secret sauce for entrepreneurship is the bias to action and the ability to get up and just do it, say speakers with links to MIT This article was first published in April on Knowledge@SMU, an online resource from the SingaporeSTOCK.XCHNG - 1,675 words
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Article, Illustration1007 2010-06-07 11 EMIR SHAFRI - An overseas internship can be the experience of a lifetime, writes EMIR SHAFRI CAMPUS LIFE EMIR SHAFRI The writer is a final year undergraduate reading a double major in Marketing and Corporate Communications at the Lee Kong Chian School of Busin ess, Singapore Management1,007 words
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Advertisement271 2010-06-07 11 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have271 words
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VIEWS FROM THE TOP
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Article, Illustration2582 2010-06-07 12 THIS WEEK’S TOPIC Corporate Family Pledge: ‘We (your organisation’s name) pledge How would you complete that statement? What are the primary activities supporting that pledge? And if you are ready to share it what is your Personal Family Pledge? Lim Soon Hock Managing Director Plan-BST FILE PHOTO - 2,582 words
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Advertisement2019 2010-06-07 13 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMB FENG XIAN 1 PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****3377W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the2,019 words
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SINGAPORE ARTS FESTIVAL
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Article527 2010-06-07 14 CHRISTOPHER LIM - String Theory’s both enjoyable and cerebral, says CHRISTOPHER LIM CHRISTOPHER LIM MUSIC and particle physics enjoyed an unlikely dalliance during String Theory’s two-night run that ended on Saturday, and before drifting their separate ways, the two disciplines set off enough creative sparks to whet appetites527 words
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Article, Illustration671 2010-06-07 14 CHEAH UI-HOON - By CHEAH UI-HOON “I THOUGHT we were coming to watch a dance,” remarked one gentleman to his friends, after Eonnagata’s opening performance last Friday night the star-studded collaboration between theatre director Robert Lepage, dancer Sylvie Guillem and choreographer Russell Maliphant. The two dancers in this three-way collaborationERICK LABBE - 671 words
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504 2010-06-07 14 MELISSA QUEK - By MELISSA QUEK DANCE and film were successfully merged in last weekend’s dance/film a curated event that attempts to see how far filmmakers and choreographers can come together in a combined work. The results ranged from six-minute short films to 52-minute features that were504 words
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Advertisement344 2010-06-07 14 Wm* ss3> <b S0W mtrn K 3 V -m ft i?\ ■U//?, r. 4t Subscribe to 1 -year or 2-year of a Daily Newspaper 3-month of another Newspaper Visit us at The Kick Academy The Heartlands Century Square Booth 714 -10 June *****10am 10pm and pick your choice of gift344 words
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Advertisement5 2010-06-07 14 Additional reporting from Cheah Ui-Hoon5 words
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ECONOMY WATCH
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Article, Illustration818 2010-06-07 15 Greenback seen as top safe haven currency despite mounting debt woes AFP [WASHINGTON] With the euro reeling from a budget crisis and the yen tarnished by political turmoil, the US dollar is stamping its mark as the top safe haven and international reserveAFP; BLOOMBERG - 818 words
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684 2010-06-07 15 US seeks to beef up domestic demand, EU to curb budgets Bloomberg [BUSAN, South Korea] European Central Bank president Jean-Claude Trichet and Treasury Secretary Timothy Geithner diverged on prescriptions to sustain growth, with Europe set to tighten budgets and the US seeking stronger domestic demand.Bloomberg - 684 words
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Article, Illustration498 2010-06-07 15 Reuters [BUSAN] Europe is close to completing stress tests on its banks to gauge their ability to withstand a market slump and the results should be published to help restore market confidence, top European Central Bank officials said on Saturday. WashingtonReuters - 498 words
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328 2010-06-07 15 Reuters [ISLAMABAD] Pakistan’s economic growth rose to 4.1 per cent in the financial year ending June 30, helped by exports, remittances and a downward revision to the previous year’s data, the Finance Ministry said on Friday. The rate of expansion compared to 1.2 perReuters - 328 words
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Article416 2010-06-07 15 AFP AP [MESEBERG, Germany] German Chancellor Angela Merkel hit back on Saturday at criticism that Europe was threatening growth by slashing spending, saying deficits had to be cut in the wake of the Greek crisis. “(For) the government and for Germany, the issue of not havingAFP; AP - 416 words
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375 2010-06-07 15 Bloomberg [SEOUL] South Korea’s economy expanded at a faster pace than initially estimated last quarter as exports surged and domestic demand strengthened. Gross domestic product rose 2.1 per cent from the previous three months, compared with an April estimate of 1.8 per cent,Bloomberg - 375 words
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Page 15 Miscellaneous
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Miscellaneous24 2010-06-07 15 ii'ji'J JACKPOT 7 Y A v CO CO RCB Reg No: *****0202G TODAY Sales close at 6pm Draw at 6.30pm at PoMo SINGAPORE FD24 words
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MALAYSIA/INDONESIA
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Article, Illustration698 2010-06-07 16 PAULINE NG - Those who underestimate his attempt to bring change could be taken by surprise MALAYSIA INSIGHT PAULINE NG KL Correspondent MALAYSIA’S Prime Minister Najib Razak is keeping his cards close to his chest as to what parts of the New Economic Model (NEM) he698 words
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Article, Illustration577 2010-06-07 16 AFP [KAWAH IJEN, Indonesia] A thick, acrid smoke stings his eyes but Bambang presses on down the side of Indonesia’s Kawah Ijen volcano, bending under the weight of the sulphur he carries on his shoulders. To avoid the highly toxic gas, theAFP; AFP PHOTOS - 577 words
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Article2046 2010-06-07 16 VOL Jun 4 RM +/-(‘000) A M Realty 0.53 unch 0 Abric Bhd 0.18 0.01 17 Advance Synerg 0.14 unch 56 Adventa Bhd 3.10 -0.01 102 Ae Multi Hldgs 0.52 -0.02 262 Affin Holdings 2.98 0.07 3531 Ahmad Zaki Res 0.77 -0.02 69 Aic Corp 0.67 unch 02,046 words
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504 2010-06-07 16 [KUALA LUMPUR] Newly appointed Petronas chief executive Shamsul Azhar Abbas, in outlining the direction forward for the national oil company under his stewardship, said that more investment at home will energise the domestic oil and gas industry, while at the same time non-core504 words
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Advertisement23 2010-06-07 16 tk Lianhe Zaobao Economic recovery has helped textile S-chip firms out of the doldrums asfs&sfjaIT To subscribe, call 6388-3838 or go to sphsubscription.com.sg23 words
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INVESTING IN INDIA
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Article, Illustration1030 2010-06-07 17 AMIT ROY CHOUDHURY - With a smart economic recovery and growth-hungry sectors, India offers vast opportunities to investors, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY COMPARISONS between the two behemoths India and China are inevitable. Both countries are in Asia and both are vital as engines of growth, not onlyAFP - 1,030 words
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Page 17 Advertisements
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Advertisement416 2010-06-07 17 FICCI India Singapore Trade Investment Business Forum JUNE 7, 2010, HOTEL SHANGRI-LA. SINGAPORE Federation of Indian Chamber of Commerce Industry KEY NOTE SPEAKER Shri Kamal Nath, Hon'ble Minister for Road, Transport Highways, Government of India ABOUT THE FORUM The Federation of Indian Chambers of commerce Industry (FICCI) and the Indian416 words
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GREATER CHINA/INDIA
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Article, Illustration431 2010-06-07 18 AP [BEIJING] The state-owned Agricultural Bank of China plans to sell a 15 per cent stake in what could become the world’s largest initial public offering, China’s securities regulators said. The China Securities Regulatory Commission posted the bank’s application online on Friday andAP; REUTERS - 431 words
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547 2010-06-07 18 Country seen as a draw because of market gaps and buoyant economy AFP [MUMBAI] Foreign banks have been in India for more than 150 years but more overseas lenders are now queuing up to set up operations, amid signs that tough restrictions onAFP - 547 words
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415 2010-06-07 18 AFP [BUSAN, South Korea] US Treasury Secretary Timothy Geithner urged China on Saturday to let the yuan appreciate as a critical part of its economic reforms. Mr Geithner, speaking after a Group of 20 finance ministers meeting, said the grouping had discussedAFP - 415 words
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Page 18 Advertisements
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Advertisement345 2010-06-07 18 E rv r m Flag Off Singapore Flyer Sunday, 18 July 7.30am Open To Only 20,000 W So hurry, sign up and be among the 20,000 to walk through some of Singapore's latest landmarks and sights! Big Wak marina bay r PRESENTED 4 Fair Price i i>s iIS t V345 words
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ASIA-PACIFIC
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Article, Illustration662 2010-06-07 19 Economy starting to recover but upswing has yet to reach the broader economy AFP [TOKYO] In his first speech after taking charge of the world’s second-biggest economy last week, Japan’s new Prime Minister Naoto Kan identified his biggest challenge: ending two decadesAFP - 662 words
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Article, Illustration603 2010-06-07 19 AFP Reuters [MANILA] With less than a month before she steps down, President Gloria Arroyo on Friday said she wanted to be remembered as the leader who modernised the Philippine economy. The 63-year-old grandmother and former economics professor said she looked forwardAFP; Reuters - 603 words
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Page 19 Advertisements
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Advertisement3420 2010-06-07 19 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF MANDARIN NOMINEES PTE. LTD. (Company Registration No. *****0755D) (In Member's Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 80 Raffles Place UOB3,420 words
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WORLD
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686 2010-06-07 20 Polls set stage for Nov races that could determine power balance in Congress AP [LOS ANGELES] Primary elections in 12 states tomorrow will gauge the extent of voter anger and the desire for change. The contests that will decide the fate ofAP - 686 words
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738 2010-06-07 20 Reuters [NEW YORK] The decision of Goldman Sachs Group Inc not to tell shareholders that US regulators might sue the bank over a sub-prime mortgage-linked security could cause other companies to rethink the way they handle regulatory investigations. The investment banking powerhouseReuters - 738 words
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Article, Illustration85 2010-06-07 20 [PARIS] A fibreglass sculpture inspired by the Fiat 500C model and containing a planted tree, by Italian architect and designer Fabio Novembre, is on exhibition at the prestigious Place Vendome in Paris. The exhibition, named ‘Un Arbre pour l’Espoir’ or ‘A Tree for Hope’, will beAFP - 85 words
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343 2010-06-07 20 Reuters [GENEVA] The eurozone is facing a period of zero growth if not recession, and the US is heading for financial trouble, US economist Nouriel Roubini was quoted as saying on Saturday. There was a risk of renewed recession in Europe, Prof Roubini said inReuters - 343 words
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365 2010-06-07 20 Reuters [LONDON] British Prime Minister David Cameron has signalled that growth forecasts would be revised down while welfare bills and public sector pay would be high on the target list for spending cuts, The Sunday Times reported. The newspaper quoted MrReuters - 365 words
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485 2010-06-07 20 AP [GENEVA] The Swiss government is hoping to rid itself of a long-running headache over banking secrecy tomorrow when lawmakers are expected to approve a treaty to hand files on thousands of suspected tax cheats to US authorities. A standoffAP - 485 words
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501 2010-06-07 20 The success heralds a new era of cancer ‘immunotherapy’ Reuters [CHICAGO] Bristol-Myers’ experimental drug ipilimumab is the first to extend lives in patients with advanced melanoma, and its success heralds a new era of cancer “immunotherapy” drugs that enlist the help of the immune systemReuters - 501 words
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FOCUS: OIL SPILL
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Article, Illustration997 2010-06-07 21 Tony Hayward says he’s not worried that he might be prosecuted as a result of a US criminal probe into the worst US oil spill Reuters Bloomberg [LONDON] BP chief executive Tony Hayward has said that he is not thinking of quitting despite the outcryReuters; Bloomberg; AP - 997 words
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Article, Illustration1466 2010-06-07 21 NYT [NEW ORLEANS] Over six days in May, far from the familiar choreography of Washington hearings, federal investigators grilled workers involved in the Deepwater Horizon disaster in a chilly, sterile conference room at a hotel near the airport here. The six-member panelNYT; REUTERS - 1,466 words
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570 2010-06-07 21 Investors less likely to accept oil companies’ assurances at face value Reuters [LONDON] BP plc’s Gulf oil spill has damaged investor trust and paved the way for a more critical view of the activities of oil companies as risks grow inReuters - 570 words
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AVIATION/SHIPPING
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Article, Illustration503 2010-06-07 22 VEN SREENIVASAN - It says India is the ‘Jewel in the Crown’ as the country opens up its defence sector By VEN VEN SREENIVASAN [SINGAPORE] Faced with slumping demand and budget cuts in the United States, American aerospace giant Boeing’s defence arm is looking to Asia503 words
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347 2010-06-07 22 VEN SREENIVASAN - Director general to make state of industry address By VEN SREENIVASAN [SINGAPORE] Berlin will be the world’s aviation capital today and tomorrow as the city hosts 600 industry leaders for the 66th Iata Annual General Meeting and World Air Transport Summit. The summit, which347 words
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Article, Illustration615 2010-06-07 22 Reuters [CHICAGO] The pending marriage of United Airlines and Continental Airlines leaves US Airways Group and American Airlines logical partners with their survival possibly at stake. While the pairing would not be perfect, an alignment of their operations would give premium busi- nessReuters; REUTERS - 615 words
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Article2953 2010-06-07 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 VS7268 1745 VS7269 2350 VS7279 2350 Amsterdam LO4031 0605 LO4032 2345 SQ323 0605 SQ324 2345 US5410 0605 US5411 2345 AZ3992 1525 KL835 1525 Athens2,953 words
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Article278 2010-06-07 22 SGX '000 Jun 4 S$ +/-Vol CH Offshore 0.52 -0.01 512 Chuan Hup Hldg 0.27 0.01 9 Cosco Corp 1.44 0.04 ***** CWT Ltd 0.90 0.03 1577 Ezra Hldgs 1.83 0.04 9987 First Ship Lea 0.46 0.01 502 Freight Links 0.06 0.01 8210 Grand Banks unch unch 0278 words
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287 2010-06-07 22 Bloomberg [LONDON] The cost of shipping Middle East crude oil to Asia, the world’s busiest route for supertankers, rose the least last week as demand slowed before an industry exhibition. Charter rates for very large crude carriers, or VLCCs, hauling twoBloomberg - 287 words
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Page 22 Miscellaneous
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Miscellaneous331 2010-06-07 22 CRYPTIC CROSSWORD Across 1 Give up office plan after initial change (6) 4 A factor in trouble around wife, end to peace? (3,2,3) 9 Smart support in back of hostelry (6) 10 Excellent part of tennis player’s repertoire? (8) 11 Very unlike vermouth? On the contrary (3,4,2) 13 Backing of331 words
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DINING OUT
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Article, Illustration630 2010-06-07 23 Cheah Ui-Hoon - By Cheah Ui-Hoon NEW RESTAURANT Fremantle Seafood Market #01-05/06 Clarke Quay 3E River Valley Road Tel: 6337-1838 www.creativeeateries.com.sg THE ambience of Clarke Quay is most suited to seafood eateries, so it’s a surprise that not more are found among the eateries there. That should630 words
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Page 23 Advertisements
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Advertisement160 2010-06-07 23 V m I \t \W www.radio913.com w w I I > WINE DINE AND HOSPITALITY i/ K Eat-Ait- You-Com, Cantonese Cuisine Captain's Table Adult: $23.80 Child: $16.80 Dinner only (Weekdays) Adult: $28.80 Child: $18.80 Dinner only (Weekends) Menu Highlights Crystal Prawns Braised Sliced Abalone with Vegetables Stir-fried Sliced Beef with160 words
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SINGAPORE STOCKS
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Article9250 2010-06-07 24 Week ended: Jun 4 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 6.5 3148 8Telecom 14.5 unch 433 15 14.5 14.5 15 1.7 12.5 4.7 69.4 10 5.5 5834 A-Sonic9,250 words
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Article1983 2010-06-07 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6 -0.5 10 6 6 5.5 7 33.3 5.8 25 13 8538 t APStrategic 16 -31,983 words
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Article113 2010-06-07 25 Stock name Close Change CapMallsAsia 2.140 CapitaLand 3.600 CapitaMall 1.850 -0.020 CityDev 10.640 +0.140 ComfortDelGro 1.420 +0.010 DBS Grp 13.780 +0.100 F&N 4.850 -0.050 Genting SP 1.030 -0.020 Golden Agri 0.505 HK Land 4.950 -0.130 Stock name Close Change JMH 36.940 +0.840 JSH 21.480 +0.680 Jardine113 words
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Article2692 2010-06-07 25 Transaction date: Jun 4 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.30 unch 2 Aeon Stores 11.80 unch 0 Angang Steel 10.06 -0.44 ***** Anhui Conch 24.65 -0.602,692 words
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Article186 2010-06-07 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 1 0 0 0 11 4 1 Manufacturing 116 50 65 9 10 18 125 60 83 Commerce 46 10 21 11 4 2 57 14 23 Tpt/Stor/Comms 30 11 4186 words
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Article771 2010-06-07 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 107 6389 ABF SG Bond ETF 115 -1 14 116 115 109 115 525 883 610 CIMBAsean40 100US$ US819 +24 714 824 764771 words
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Article78 2010-06-07 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27 6000 AVJennings A40 -2 3 40 40 37.5 45 3.6 8.8 3.2 104.2 31 13 6017 Genting HK US$ US17 -0.5 *****78 words
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Article123 2010-06-07 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 87,373 87,373 380,093 380,093 Manufacturing 1,164,355 72,548 1,236,903 1,040,108 2,288 1,042,396 Commerce 413,349 27,117 440,466 597,022 6,993 604,015 Tpt/Stor/Comms 532,281 1,045 533,326 971,938 123 972,061 Finance 122,170 124 122,294 1,285,060 13 1,285,073 Construction 105,509 141,644123 words
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Page 25 Advertisements
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Advertisement26 2010-06-07 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2010-06-07 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 4 Index Change Change Change Change Change Change World Index Preliminary 794.7 -1.7 -4.5 -1.5 -8.0 -2.0 -8.5 EAFE Preliminary 734.0 -1.4 -6.5 -1.6 -14.4 -2.1 -14.9 Europe Preliminary 1044.9 -2.1374 words
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Article177 2010-06-07 26 Jun 4 $S Offer Bid Overnight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 3/8 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12177 words
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Article24 2010-06-07 26 Jun 4 S$ Bid Offer 1-month 1.4017 1.4029 2-months 1.4015 1.4028 3-months 1.4013 1.4026 6-months 1.4010 1.4023 Source: OCBC Source: OCBC24 words
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Article161 2010-06-07 26 Jun 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 358.5 350.0 358.5 6 Jul 10 325.0 325.0 325.0 7 Aug 10 307.0 307.0 307.0 12 Sep 10 305.0 305.0 305.0 5 Oct 10 298.0 293.0 298.0161 words
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Article92 2010-06-07 26 Jun 4 Jun 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 02.09.2010 0.30 1-Year BY*****W 03.05.2011 0.37 0.34 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.88 103.9 103.88 5-Year N*****0N 1.37592 words
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Article105 2010-06-07 26 Jun 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 935.00 955.00 958.25 931.50 Aug 10 918.50 937.75 941.00 916.00 Sep 10 905.75 925.75 926.50 903.50 Nov 10 900.00 919.75 921.00 895.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 36.78 37.66 37.75105 words
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Article77 2010-06-07 26 CRUDE OIL PRODUCTS Jun 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.51 0.40 WTI (Near Mth) 74.42 0.83 Dubai (1-Mth F) 74.49 2.44 Tapis blend 79.50 2.30 Minas 77.00 2.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.33 2.44 Jet Kerosene 85.70 2.40 US$/barrel Opec Oil77 words
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2464 2010-06-07 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 -0.5 755 1 15 16 4.57 47 4085 ASJ Hldgs W*****1 3 unch 30 1 4 2.33 20 2036 Advance SCT Ltd W*****9 0.5 12,464 words
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Article132 2010-06-07 26 Jun 4 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1750 1.2110 Can dollar 1.3420 1.3580 Euro 1.7000 1.7200 NZ dollar 0.9530 0.9740 Sterling pound 2.0440 2.0670 US dollar 1.3960 1.4120 Local dollars to 100 units of foreign132 words
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Article27 2010-06-07 26 Jun 4 Open High Sett STI Jun 2804 SIMSCI Jun 329.7 334.1 331.9 Taiwan Jun 261.3 262.6 260.4 Source: MF Global (S) Pte. Ltd27 words
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6009 2010-06-07 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.6,009 words
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Article74 2010-06-07 26 Jun 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2556 2560 2562 2555 73 2699 Jul 10 2500 2515 2521 2495 1865 ***** Aug 10 2459 2474 2481 2455 6491 ***** Sep 10 2438 244874 words
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Article365 2010-06-07 26 Jun 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4425 0 2880 Sep10 99.2550 0 2215 Dec10 99.0700 0 1009 Mar11 98.8900 0 1024 EUROYEN TIBOR FUTURES Jun10 99.6125 99.6125 99.6125 99.6125 1764 4153 Sep10 99.6375 786 3346 Dec10 99.6425 0 1461 Mar11 99.6350 99.6350365 words
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Article466 2010-06-07 26 Jun 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.880 5.780 0.694 6.595 39.463 77.818 0.785 10.171 2.772 1.235 72.232 39.163 1.187 6.482 0.977 27.373 27.580 0.578 0.846 Canada 1.137 6.569466 words
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Article85 2010-06-07 26 Jun 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-06-07 26 Jun 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1863 1.1876 0.8463 0.8465 Canadian dollar 1.3483 1.3501 0.9618 0.9623 Euro 1.7088 1.7110 1.2190 1.2195 NZ dollar 0.9607 0.9620 0.6853 0.6857 Sterling pound 2.0511 2.0537 1.4632 1.4638154 words
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Article142 2010-06-07 26 GOLD (US$/oz) Jun 04 Jun 03 Hong Kong 1205.60 1222.80 Jun 03 Jun 04 London 1216.75 1204.25 1217.75 1205.25 Source: Thomson Reuters CAST BAR Jun 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 55 5gm 371.29 273 10gm 663.4 545 20gm142 words
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Article69 2010-06-07 26 Jun 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1849.25 1923.50 3 months 1881.00 1955.00 Copper, Grade A (US$/tonne) Cash 6249.00 6495.00 3 months 6280.00 6525.00 Lead (US$/tonne) Cash 1582.50 1618.50 3 months 1607.00 1645.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article82 2010-06-07 26 Jun 4 COCOA (£/tonne) Close Prev High/Low Jul 10 2559 2550 2606/2553 Sep 10 2347 2400 2421/2342 Dec 10 2286 2341 2360/2277 Mar 11 2238 2298 2322/2238 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1336 1346 1346/1327 Sep 10 1372 1382 1381/1363 Nov 10 1398 1405 1406/1386 Jan 1182 words
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Page 27 Advertisements
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Advertisement29 2010-06-07 27 Shipping line: seeking reliable logistics partners Can they find your services Here in -the Shipping TO ADVERTISE, CA.LI IOE WONG AT 9620 1 327 THE BUSINESS TIMES SHIPPING TIMES29 words
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Page 28 Advertisements
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Advertisement18 2010-06-07 28 Legal services required by shippers owners 10 ADVERTISE, Can they find your services here in the Shipping Times?18 words
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Advertisement33 2010-06-07 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Timoc^33 words
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BizIT
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Article, Illustration973 2010-06-07 30 AMIT ROY CHOUDHURY - Analysis from Frost Sullivan shows that newer generation services are outperforming legacy systems which are on the wane, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE WAN (wide area network) services market in Singapore is expected to grow by 9.6 per973 words
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Article, Illustration788 2010-06-07 29 RAJU CHELLAM - S’pore PC growth to be lower than global average in 2010, says Gartner By RAJU CHELLAM THE boom seems to be back in the personal computer market, with robust demand from consumers and companies. On a global level, more than 375 million PCs worthREUTERS - 788 words
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770 2010-06-07 29 TAN YUH WOEI - <you say> By TAN YUH WOEI The writer is Singapore Country Manager for Symantec Corporation WE have seen a renewed focus on cybersecurity amid increasing media reports on cyber attacks and incidents. More than ever, governments, businesses and the public are keeping a close watch770 words
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332 2010-06-07 29 JASLENE PANG - By JASLENE PANG SOUTH-EAST Asians are increasingly consuming online media on the go, according to the second annual Net Index Study by Yahoo! And Ken Mandel regional vice-president of advertising sales and marketplace for Yahoo! reckons Singapore can benefit from332 words
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Article, Illustration733 2010-06-07 29 AMIT ROY CHOUDHURY - By AMIT AMIT ROY CHOUDHURY WHILE Apple’s iPad is expected to hit Singapore stores in July, a relatively less-known competitor, the joojoo is already available here since the last week of May. More interestingly, the 12.1-inch, stylishly designed joojoo tablet, has been developed733 words
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<what’s up>
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58 2010-06-07 29 INTERNATIONAL Telecommunications Union (ITU) secretary-general Hamadoun Toure will speak at the Distinguished Infocomm Speaker Series, organised by the Infocomm Development Authority of Singapore, on June 8 at Suntec convention and exhibition Centre. Dr Toure’s address on the subject “Broadband Paving the Way” will58 words
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71 2010-06-07 29 TOSHIBA has launched two new gadgets dynadock U and dynadock V universal USB docking stations and Camileo S20 and X100 camcorders. The docking stations are said to be a more convenient way to stay connected with multiple accessories like mouse, keyboard and printers with one71 words
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81 2010-06-07 29 JASLENE PANG - Compiled by JASLENE PANG IT distributor Transition Systems will hold a Transition Infrastructure Forum for enterprise IT end-users on June 10. The event will culminate in a panel discussion on the topic “Network Overload Is it safe to head for the cloud?”. It will81 words
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Page 30 Advertisements
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Advertisement191 2010-06-07 30 Big decisions follow you around. \Y/ V>V e m ayadd value to the business w£ ose control At Grant Thornton, we understand that the big decisions you have to make are sometimes difficult, often finely balanced, always with you. Whether it be planning for the future or staying competitive in191 words
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Advertisement8 2010-06-07 30 YOU SAY On the cybersecurity front Page 298 words
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