The Business Times, 9 October 2010
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2010-10-09
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The Business Times
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Title Section17 2010-10-09 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 9-10, 2010 S$1.00 MICA(P) 139/08/2010 S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION17 words
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780 2010-10-09 1 Chen Huifen - Boost in government funding for 2011-2015 and a one-stop industry partnership office to help take sector to the next level By Chen Huifen xuifen@sph.com.sg Singapore THE research drive of Singapore’s biomedical sciences over the next five years will focus more on achieving780 words
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Page 1 Advertisements
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Advertisement204 2010-10-09 1 the WEALTH TDRs are not a futile exercise 33 MOTORING The Merc CLS 350 is a class act L18 raffles conversation MUTTIAH MURALITHARAN, THE WICKET WIZARD 8 -9 wealth The wealthy bulge in the middle ASIA-PACIFIC boasts the largest concentration of the fastest growing chunk of wealth globally those with204 words
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TOP STORIES
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1029 2010-10-09 2 Genevieve Cua - Region boasts most individuals globally with net wealth of US$10K to US$100K, offering opportunities for a host of investable themes By Genevieve Cua gen@sph.com.sg Singapore BANKING services for millionaires often hog the limelight, but by far the fastest growing chunk of wealth1,029 words
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Article137 2010-10-09 2 STI 3,153.34 (-13.31) STI FUTURES 3,151.00 (-14.00) SIMSCI 370.13 (-1.65) SIMSCI FUTURES 369.30 (-2.10) STOCKS Friday Change KL COMP 1,481.41 -0.04 NIKKEI 225 9,588.88 -95.93 HANG SENG 22,944.18 +59.86 SET 963.19 -7.71 JAKARTA 3,546.95 -39.23 MANILA 4,236.98 -8.07 KOSPI 1,897.07 -3.78 SHENZHEN B 782.55 +20.95 MUMBAI IND 20,250.26 -65.06137 words
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647 2010-10-09 3 Private employment rises only 64,000 last month; Aug unemployment rate unchanged at 9.6%; length of average workweek steady at 34.2 hours for third straight month AP AFP Reuters Washington THE US economy continued to lose jobs last month as small gains inAP; AFP; Reuters - 647 words
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501 2010-10-09 3 Malminderjit Singh - Finance Ministry says it’s keeping close eye on situation at firm By Malminderjit Singh msingh@sph.com.sg Singapore MALAYSIA’S sovereign wealth fund Khazanah Nasional announced the replacement of Iskandar Investment president and chief executive officer Arlida Ariff yesterday. The Malaysian501 words
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1174 2010-10-09 4 Siow Li Sen - 15% rise in people making $200K to $1m in last financial year; banks recruiting RMs to serve more female, homemaker clients By Siow Li Sen lisen@sph.com.sg Singapore THE latest report by the taxman shows that more people here are getting richer. The number who1,174 words
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Article, Illustration491 2010-10-09 5 Teh Shi Ning - Q3 growth of 10.8% forecast by poll of economists, compared with 16.9 in Q1 and 19.2 per cent in Q2 By Teh Shi Ning tshining@sph.com.sg Singapore ECONOMISTS expect Singapore’s GDP growth to have slowed sharply in the third quarter, advance estimates for whichREUTERS - 491 words
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579 2010-10-09 6 S Jayasankaran - Proposal to buy Bakun hydro-electric dam is part of audacious plan to attract aluminium related businesses to set up shop in the area By S Jayasankaran btworld@sph.com.sg Kuala Lumpur THE Sarawak state government’s RM6-7 billion proposal to buy the Bakun hydro-electric dam from the federal579 words
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Article, Illustration526 2010-10-09 6 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg THE current Obama administration is not doing enough to engage Asia, says Frank Lavin, former US Under Secretary of Commerce for International Trade. Mr Lavin believes that there are two main concerns here: Trade relations are not moving quickly526 words
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Article, Illustration495 2010-10-09 7 It includes plans to save jobs, help small businesses and boost infrastructure AFP Tokyo JAPAN’s cabinet yesterday approved a new emergency stimulus package worth 5.05 trillion yen (S$80 billion) to help shore up an economy hit hard by deflation and the impact of aAFP; REUTERS - 495 words
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479 2010-10-09 7 Reuters Tokyo CHINESE investors sold a record 2.0 trillion yen (S$31.9 billion) in short-term Japanese bills in August, suggesting their hefty buying earlier this year was not aimed at diversification into the yen as some had speculated. Chinese investors had boughtReuters - 479 words
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Page 2 Advertisements
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Advertisement108 2010-10-09 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-5 Style L7 Design L8-9 Fashion L10-11 Home&108 words
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Page 3 Miscellaneous
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Miscellaneous36 2010-10-09 3 ifv/V JACKPOT > T CO CO r\ Ip L A Y(i) Always play with cor« |responsibiyf Do not bet illegally. RCB Reg No: *****0202G THIS MONDAY is For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE36 words
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Page 5 Advertisements
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Advertisement120 2010-10-09 5 Swiss-Garden Hotel a Residences Kuala Lumpur Strategically located between Chinatown Bukit Bintang Swiss-Garden Resort a Spa Kuantan The perfect East Coast family getaway Swiss-Garden Golf Resort a Spa Damai Laut Off the enchanting Pangkor Island V m ■"V r r 2D 1N FAMILY PACKAGES si 5CL 3D 2N FAMILY PACKAGES120 words
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Page 6 Advertisements
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Advertisement19 2010-10-09 6 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.19 words
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Page 7 Advertisements
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Advertisement21 2010-10-09 7 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement134 2010-10-09 7 Teak TV Cabinet 2Drs 3Drws UP: $369 Now Teak Chest of Drawers <zs> CAI p wmA&jA" JnLL 1.8m Teak Daybed c/w Mattress (excludes Cushions) 1« 17 th October 2010 Teak Shoe Cabinet 2Drs 2Drws B Teak Book Rack 2Drws 1 UP: UP: $269 Now UP: $199 Now $296 Now $109134 words
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THE RAFFLES CONVERSATION
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Article, Illustration1903 2010-10-09 8/9 Rahul Pathak - A man who overcame circumstances to become the greatest in his sport shares lessons on the art of winning and what it takes to make it to the top. By Rahul Pathak ‘If you want something badly enough and if you have the talent and are willingYEN MENG JIIN - 1,903 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK | Oct 4-8, 2010
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Article75 2010-10-09 10 FROM bankers, lawyers and developers to union chiefs, tributes to Kwa Geok Choo, wife of Minister Mentor Lee Kuan Yew, flowed unabated. Many praised her quiet support for Mr Lee as he built the nation. For a few who had a chance to see her at75 words
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48 2010-10-09 10 THE Intra-Asian market traditionally a strange and fragmented creature in the world shipping business has become even stranger. While it might be the next big growth area and volumes are set to soar, container freight rates might not necessarily follow in the near-term.48 words
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54 2010-10-09 10 THE Copthorne Orchid Hotel along Dunearn Road, which was slated for closure at the end of this year, will now stay open for at least three months beyond that, BT understands. Some sources suggest that the closure could be delayed even further depending54 words
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63 2010-10-09 10 THE third quarter earnings season of corporate America kicked off this week with Alcoa’s report on Thursday. But with the peak weeks of the profit reports not due until the week of Oct 18, investors are still positioning themselves for a quarter that63 words
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40 2010-10-09 10 THE Infocomm Development Authority of Singapore announced that it would allocate the country’s remaining third-generation cellular network spectrum to the three incumbent operators in the absence of other rivalling bids.40 words
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45 2010-10-09 10 OFFICE rentals have climbed steadily this year, making Singapore a relatively more expensive market compared to just months earlier. In fact, it has climbed nine positions in Colliers International’s latest half-yearly ranking of global office occupancy costs.45 words
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60 2010-10-09 10 DBS Group is talking to two asset management houses for a partnership deal as part of its strategy to become a leading wealth management player. A source said the bank is negotiating to sell its DBS Asset Management arm to either60 words
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54 2010-10-09 10 THE Monetary Authority of Singapore is expected to keep its mone- tary policy steady at its policy meeting later this month, economists here say. Although price inflation has accelerated since the last policy meeting in April, they don’t expect MAS to push for54 words
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Article, Illustration35 2010-10-09 10 Minister Mentor Lee Kuan Yew and his family members following his wife Kwa Geok Choo’s casket as it left Sri Temasek for the funeral at Mandai Crematorium on Wednesday CHEW SENG KIM/THE STRAITS TIMESCHEW SENG KIM/THE STRAITS TIMES - 35 words
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39 2010-10-09 10 THE nascent recovery in Singapore’s office market and the government’s cooling measures in the residential sector are leading some private real estate investors to look at switching from housing to offices.39 words
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70 2010-10-09 10 A COMPETITION to weaken currencies by major economies could escalate into trade wars that tip the world economy back into recession, analysts warn. Fears of a currency war breaking out have intensified in recent weeks after increasingly strident calls by some of China’s70 words
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53 2010-10-09 10 THE Singapore government is stepping up efforts to woo global mid-sized companies and Asian enterprises, by roping in industry bodies. In the next six months, the Economic Development Board plans to partner ten “multipliers” in a concerted move to ease such companies’53 words
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NEXT WEEK | Oct 11-15, 2010
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Article44 2010-10-09 10 Oct 12 Minutes of FOMC meeting Oct 13 Crude inventories Oct 14 Initial and continuing claims PPI/core PPI for Sept Trade balance for Aug Oct 15 CPI/core CPI for Sept Retail sales for Sept Michigan Consumer Sentiment Index Business inventories for Aug44 words
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Article18 2010-10-09 10 Oct 14 Advance Q3 GDP estimates Oct 15 Retail sales and catering trade indices for August18 words
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Article22 2010-10-09 10 Oct 10 Annual meeting of IMF and the World Bank in Washington Oct 11 Announcement of 2010 Nobel Prize for Economics22 words
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Page 10 Miscellaneous
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Miscellaneous332 2010-10-09 10 CRYPTIC CROSSWORD Across 1 Counterfeit next year’s coins and prosper (5,5) 9 Stagger back and get a dirty look (4) 10 Island with many debts is unstable (10) 11 Handy article one can get for a pound (6) 12 Journals I’d taken back to sign (7) 15 An oppressive blow332 words
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Miscellaneous12 2010-10-09 10 SATURDAY with Ludwig ‘This smart phone’s so sharp it’s qualified for Mensa...’12 words
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COMPANIES
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576 2010-10-09 11 Jamie Lee - At $1.96 a share, the GIC unit is poised to raise up to $3.9 billion if an over-allotment option is exercised ipo watch By Jamie Lee leejamie@sph.com.sg Singapore GLOBAL Logistics Properties (GLP) has priced its initial public offering at $1.96 a576 words
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Article, Illustration452 2010-10-09 11 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore STAGS were laughing all the way to the bank yesterday as Yamada Green Resources made a splashing start on the Singapore Exchange (SGX) mainboard. And if the bullish debut was an indication of improved market sentiment, it augurs452 words
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Article289 2010-10-09 11 Reuters Singapore INVESTORS lapped up Singapore Global Logistic Properties’ (GLP) IPO but shunned the non-precious metals unit of London-listed gold miner Petropavlovsk plc in a day of mixed fortunes for Asian share offerings. Asia has led the world in initial public offerings so far thisReuters - 289 words
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228 2010-10-09 12 Singapore COMMODITIES play Wilmar International announced that it has signed a mandate letter for the launch of a US$1.1 billion syndicated term loan facility to finance the acquisition of Sucrogen Ltd. It has also arranged for a A$600 million (S$772 million)228 words
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455 2010-10-09 12 Felda Chay - Profit for Asian firms up 23.5% last year compared with 2008’s 32% drop By Felda Chay feldac@sph.com.sg Singapore THE nimble way by which Asian firms reacted to the tripping conditions of the financial crisis has allowed them to pick themselves up quickly, said455 words
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Article, Illustration273 2010-10-09 13 Uma Shankari - US$210m investment in office building made by Alpha Investment Partners’ Macro Trends Fund By Uma Shankari shankari@sph.com.sg Singapore THE US$1.2 billion Macro Trends Fund of Alpha Investment Partners (AIP) the wholly owned real estate fund management arm of Keppel Land has invested US$210273 words
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419 2010-10-09 13 Conrad Tan - By Conrad Tan conradt@sph.com.sg Singapore PCA Technology’s net profit for the six months to end-August rose to US$3.02 million from just US$180,000 a year earlier, as business rebounded for the electronics contract manufacturer. Revenue in the first half of its current financial year419 words
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Article, Illustration593 2010-10-09 14 R Sivanithy - stocks R Sivanithy sivan@sph.com.sg Senior correspondent SOME time back, this column discussed a general sense of confusion among dealers as to why the market was rising when most lead indicators point to a looming slowdown. Several explanations are possible: a weak US dollar593 words
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Article66 2010-10-09 14 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 266.0 1.1 DBXT USDIGInfl 5US$ ***** 39.3 0.1 OCC 3.93% NCPS10 9558 30.0 0.3 DBXT CSI300 10US$ 1028 24.9 1.9 DBXT MSRussia 10US$ 308 21.0 5.5 DBXT MSMSIA 10US$ 1210 17.0 1.1 SGX MBL eCW*****3 26.5 13.5 103.8 Jardine C&C66 words
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Article60 2010-10-09 14 BY CENTS CLOSEDOWN GLD 10US$ ***** -351.0 -2.0 DBXT Nifty 10US$ ***** -77.3 -0.4 DBXT FTVietnam 10US$ 3754 -60.3 -1.2 DBXT MSKorea 10US$ 5339 -60.3 -0.9 DBXT SPASX200 10US$ 3271 -38.0 -0.9 STXPO 100 1482 -32.0 -2.1 DBXT MSTHAI 10US$ 1536 -30.1 -1.5 DBXT MSTaiwan 10US$ 1740 -24.960 words
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Article, Illustration494 2010-10-09 14 Bloomberg Singapore OVERSEAS investors pumped the most cash into emerging-mar-ket equities since late 2007 in October and Asia bond funds attracted more capital on further signs growth in developed nations is slowing, according to EPFR Global. The equity funds received netBloomberg; AFP - 494 words
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Article111 2010-10-09 14 VOL CLOSE Yamada 140,972 37 0.0 0.0 GentingSP 102,241 198 -5.0 -2.5 ChinaXLX 46,088 62.5 2.5 4.2 VallianzHldgs 42,791 12.5 1.0 8.7 NobleGrp 39,569 201 3.0 1.5 ChinaSsine 35,628 27 1.5 5.9 ChinaHongxing 34,072 19 0.5 2.7 ChinaNTown 32,855 17 1.5 9.7 CoscoCorp 30,405 189 5.0 2.7111 words
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Article107 2010-10-09 14 Stock name Close Change CapMallsAsia 2.250 -0.030 CapitaLand 4.200 -0.010 CapitaMall 2.150 +0.010 CityDev 12.400 +0.100 ComfortDelGro 1.520 -0.020 DBS Grp 14.420 F&N 6.260 -0.080 Genting SP 1.980 -0.050 Golden Agri 0.575 -0.005 HK Land 6.570 -0.060 JMH 47.400 JSH 27.280 -0.080 Jardine C&C 39.600 +0.120 Keppel Corp107 words
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Page 11 Advertisements
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Advertisement129 2010-10-09 11 EXPRESSIONS OF INTEREST INVITED Offshore specialist metals manufacturer and supplier to the Electronics Industry Sale of Business A unique opportunity to acquire a global market leading specialist metals and manufacturing services supplier for the electronics industry with an enviable market position. The business is a major supplier and processor of129 words
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Page 12 Advertisements
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Advertisement86 2010-10-09 12 VISIT SMART EXPO 2010 for live presentations from Real Estate and Finance Gurus and over SG$500 in gifts for all visitors absolutely FREE! 9-10 October 2010, Hall 401, SUNTEC Singapore International Convention Exhibition Centre r b l&gl (*Combined newsstand cover price of The Business Times and Forbes Asia is $456.60)86 words
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Page 13 Advertisements
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Advertisement24 2010-10-09 13 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.24 words
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Advertisement175 2010-10-09 13 MATS NOTICES State Bank of India Singapore State Bank of India, Singapore, proposes to purchase Freehold residential apartments, in condominiums, for its officers. Builders/selling agents/owners may visit our website www.sbising.com (under "Other Announcements") for the full particulars and submit their offers by post to reach: The Chief Financial Officer State175 words
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FROM THE DESK OF
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Article, Illustration1392 2010-10-09 15 A major trend that is emerging is the convergence of risk in an ever-changing threat landscape from the desk of SECURITY risks and issues facing modern day enterprises have not only become more significant and complex, but also now come with far reaching impact. In modern times,1,392 words
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SINGAPORE
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419 2010-10-09 16 Samuel Ee - S’pore is first outside Germany to test such an integrated charging network By Samuel Ee samuelee@sph.com.sg ROBERT Bosch (SEA) has been picked to design, develop, deploy, operate and maintain Singapore’selectric vehicle (EV)charging infrastructure. The infrastructure is part of a $20 million programme419 words
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Article, Illustration425 2010-10-09 16 Chan Swee Khuan - By Chan Swee Khuan skchan@sph.com.sg CLASS is back, says Joel Kotkin, a world-renowned authority on global economic, political and social trends. Mr Kotkin shared his insights on the growing class divide in “global cities” such as London and Mumbai inARUN RAMU/TABLA - 425 words
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199 2010-10-09 16 CHANGIAirports International(CAI)–theinternational arm of Changi Airport Group has started consultancy work with the Brunei Economic Development Board (BEDB) on a B$130 million upgrade for Brunei International Airport. CAI was appointed owner-adviser to BEDB, a government agency responsible for the project, which will be199 words
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Article, Illustration423 2010-10-09 17 Ronnie Lim - Revamp aimed at countering profit drop, says London report By Ronnie Lim ronnie@sph.com.sg BP Singapore, which employs about 250 people at its trading unit here, says the unit will not be affected by a planned shake-up of BP’s trading division worldwide. TheAFP - 423 words
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Article, Illustration457 2010-10-09 17 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg TONIGHT, three award winners will be honoured not just for the change they have wrought in themselves, but for the change they have brought about in others around them. Hitachi Global Storage Technologies (GST) Singapore, Nan Hua High SchoolJOYCE FANG/THE STRAITS TIMES - 457 words
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339 2010-10-09 17 Karen Ng - By Karen Ng karenng@sph.com.sg OON Jin Teik will be joining the senior management team of Hyflux as group executive vice-president of businessdevelopment. The 47-year-oldwill report to Hyflux’s founder and group chief executive officer, Olivia Lum. Currently, Mr Oon is the chief executive of the339 words
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Briefing
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71 2010-10-09 18 THE Entrepreneur of the Year (EYA) 2010 is Andy Chaw Chong Sing of retail firm Star 360 Holdings, it was announced yesterday. He was the overall winner out of 15 people shortlisted. Manpower Minister Gan Kim Yong presented the Rotary-ASME award. Christian Bischoff71 words
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74 2010-10-09 18 SINGAPORE Customs’ former headquarters at Custom House along Maxwell Road has been marked as a historic site by the National Heritage Board (NHB). The 57-year-old building is the 88th historic site so far. An internal event was held for officers who were in74 words
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Article, Illustration502 2010-10-09 18 Lynn Kan - Shift to East, fast connectivity and the environment seen as the key issues By Lynn Kan lynnkan@sph.com.sg MANAGING the shift in gravity from West to East, the fast-paced interconnectedness of the IT age and environmental issues. Those are the three key502 words
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232 2010-10-09 18 SPRING Singapore yesterday announced a new programme expected to train 900 small and medium enterprises (SMEs) in productivity improvement over the next year. Its three-year Productivity Management Programme (PMP) will be run by the five Enterprise Development Centres (EDCs), which will conduct workshops and232 words
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Page 16 Advertisements
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Advertisement52 2010-10-09 16 sZ*JN Holiday C Escapade *77o/y iy Deals In SPH Travel Supplements IST/ZBJ Autumn delights Sep 21/23 Natas Journeys Winter 2010 Oct 15/16 (NEW) Travel Malaysia 2010 Oct 15/14 Holiday Escapades Nov 16/18 For advertising enquiries, call Veronica Chong: 8127 8929, Patricia Peti: 8288 8878 Bernard Ong: 9675 0002 STRAITS TIMES.52 words
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Page 18 Advertisements
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Advertisement5 2010-10-09 18 FIRST W |LHTTICTT LS www.radio913.c<5 words
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WORLD
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551 2010-10-09 19 It teams up with Glu to offer a set of hot smartphone game maker’s premium titles free of charge worldwide AFP San Francisco THE world’s second largest online shop for mobile phone applications is out to change the economics of the boomingAFP - 551 words
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Article, Illustration517 2010-10-09 19 Bloomberg Zurich EXPORTS from Germany, Europe’s largest economy, declined for a second month in August as a strengthening euro and slowing global growth curbed demand. Sales abroad, adjusted for working days and seasonal changes, slipped 0.4 per cent from July, whenBloomberg; AFP - 517 words
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399 2010-10-09 20 1Malaysia Development will lead the RM26b project with Abu Dhabi’s Mubadala Development coming in as a strategic investor Bloomberg Kuala Lumpur SOVEREIGN wealth funds from Malaysia and Abu Dhabi signed an agreement to build a RM26 billion (S$10.9 billion) international financial districtBloomberg - 399 words
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353 2010-10-09 20 AFP Dubai THE United Arab Emirates yesterday said that a ban on BlackBerry services that had been due to come into effect next week will not go ahead. The Telecommunications Regulatory Authority confirmed that BlackBerry services are now compliant with the UAE’s telecommunicationsAFP - 353 words
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Article, Illustration292 2010-10-09 20 AFP Taipei PROSECUTORS yesterday dropped their appeal against the former head of Taiwan’s United Microelectronics Corp (UMC), bringing an end to his four-year battle against illegal investment charges. Robert Tsao, one of the island’s most successful businessmen, was indicted in 2006 for breachAFP - 292 words
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290 2010-10-09 21 Reuters London MANCHESTER United made a full-year loss of £84 million (S$175 million) due to managing the cost of debt, they said yesterday, giving more ammunition to the many critics of the Premier League club’s American owners. The club, third inReuters - 290 words
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287 2010-10-09 21 But curbs prompt warning that financial firms could move operations elsewhere Reuters London EUROPEAN Union (EU) bank watchdogs fleshed out yesterday what amount to the world’s toughest and most far-reaching curbs on bonuses, prompting a warning that financial firms are now more likelyReuters - 287 words
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Article, Illustration775 2010-10-09 21 Issue set to dominate IMF-World Bank meetings as nations grapple with slow growth Bloomberg Reuters Washington THE US dollar yesterday dropped below 82 yen for the first time since 1995 and was headed for a fourth weekly decline against the euro amid speculationBloomberg; Reuters; XINHUA - 775 words
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550 2010-10-09 22 Govt plans to use celebration to show how economic growth has replaced deprivation that followed decades of war Bloomberg Ho Chi Minh City HANOI will this weekend mark 1,000 years since it was first named Vietnam’s capital, a celebration the government will useBloomberg - 550 words
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Article, Illustration342 2010-10-09 22 Renho says sorry after photo taken in parliament draws fire Reuters Tokyo A POPULAR Japanese cabinet minister yesterday apologised after a photo shoot she did in Japan’s parliament building for the local edition of Vogue drew fire from opposition parties. Renho, a 42-year-oldReuters; AFP FILE PHOTO - 342 words
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Page 20 Advertisements
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Advertisement6 2010-10-09 20 www.omy.sg f rm v http://eat.omy.sg rn-mm6 words
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Page 22 Advertisements
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Advertisement29 2010-10-09 22 SI* Lianhe Zaobao Man from China's "Rich 2G" steps out of father's shadow to. build own business At a to ft To subscribe, call 6388-3838 or go to sphsubscription.com.sg29 words
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SGX
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Article9166 2010-10-09 23 Transaction date: Oct 8 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.5 3148 8Telecom 19 +0.5 42 19 18.5 18.5 19 1.7 9.5 6.1 91 12 5 5834 A-Sonic 6 unch9,166 words
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Article1848 2010-10-09 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 159 151 164 94.4 4 0.5 15011,848 words
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Article186 2010-10-09 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 6 0 0 0 5 6 6 Manufacturing 62 49 83 6 3 19 68 52 102 Commerce 17 18 35 4 1 5 21 19 40 Tpt/Stor/Comms 13 13 18186 words
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Article858 2010-10-09 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ascott Residence Trust 7-Oct-10 CapitaLand Ltd *SA ***** na *****6 48.01 *****8 47.74 Ascott Residence Trust 7-Oct-10858 words
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Article123 2010-10-09 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,242 29,242 66,719 66,719 Manufacturing 577,218 51,554 628,772 321,162 4,379 325,542 Commerce 131,426 78,776 210,202 148,870 9,077 157,947 Tpt/Stor/Comms 120,091 6,584 126,675 231,447 1,029 232,476 Finance 29,918 20 29,938 267,020 3 267,022 Construction 34,329 2,573123 words
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Article129 2010-10-09 27 Oct 8 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2710 1.3090 Can dollar 1.2760 1.2910 Euro 1.8090 1.8300 NZ dollar 0.9720 0.9940 Sterling pound 2.0630 2.0880 US dollar 1.3010 1.3160 Local dollars to 100 units of foreign currency: Currencies Bid129 words
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Article, Illustration94 2010-10-09 27 YTD change: +8.83% 52-week high: 3,197.34 on Oct 6,2010 52-week low: 2,605.10 on Oct 29,2009 Source: Bloomberg YTD change:-16.43% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: +4.90% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 18,971.50 on May 27,2010Source: Bloomberg - 94 words
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374 2010-10-09 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 7 Index Change Change Change Change Change Change World Index Preliminary 843.9 -0.2 1.4 -0.2 -4.0 0.0 3.2 ‡EAFE Preliminary 774.1 0.0 -1.4 0.3 -5.1 0.4 2.0 Europe Preliminary 1133.8 0.0374 words
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Article154 2010-10-09 27 Oct 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2777 1.2786 0.9755 0.9760 Canadian dollar 1.2870 1.2876 0.9826 0.9829 Euro 1.8226 1.8231 1.3915 1.3917 NZ dollar 0.9792 0.9807 0.7476 0.7486 Sterling pound 2.0741 2.0750 1.5835 1.5840154 words
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Article82 2010-10-09 27 Oct 7 COCOA (£/tonne) Close Prev High/Low Dec 10 1840 1848 1871/1839 Mar 11 1862 1869 1891/1861 May 11 1881 1889 1911/1883 Jul 11 1897 1905 1925/1898 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1621 1627 1639/1612 Jan 11 1653 1657 1671/1642 Mar 11 1677 1680 1693/1669 May 1182 words
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Article93 2010-10-09 27 Oct 7 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1065.*****2.*****4.*****1.00 Jan 11 1075.*****2.*****3.*****1.00 Mar 11 1083.*****0.*****1.*****9.00 May 11 1087.*****4.*****5.*****4.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Oct 10 43.79 43.44 43.91 43.58 Dec 10 44.12 43.78 44.28 43.55 Jan 11 44.43 44.07 44.5493 words
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Article66 2010-10-09 27 Oct 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 10 2790 2790 2790 2790 47 195 Nov 10 2813 2784 2813 2774 1021 9627 Dec 10 2806 2760 2808 2753 ***** ***** Jan 11 2801 275466 words
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Article75 2010-10-09 27 Oct 7 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 84.15 -1.49 WTI (Near Mth) 81.47 -1.80 Dubai (1-Mth F) 82.73 0.61 Tapis blend 92.10 0.55 Minas 85.45 0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.00 1.03 Jet Kerosene 95.40 0.15 US$/barrel Opec Oil Basket Price75 words
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Article71 2010-10-09 27 Oct 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2291.75 2330.50 3 months 2325.00 2365.00 Copper, Grade A (US$/tonne) Cash 8086.75 8241.00 3 months 8100.00 8259.00 Lead (US$/tonne) Cash 2181.00 2288.00 3 months 2209.00 2316.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article73 2010-10-09 27 Oct 8 GOLD (US$/oz) Oct 08 Oct 07 Hong Kong 1333.*****2.00 Oct 07 Oct 06 London 1331.*****7.60 1332.*****8.00 Source: Thomson Reuters Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 29.50 29.28 Source: UOB PLATINUM Lon (US$/oz) Oct 07 Close Previous PM Fix 1723.*****4.00 AM Fix 1720.*****1.00 Source: Thomson73 words
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PERSPECTIVE
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Article, Illustration1085 2010-10-09 28 / 29 Leon Hadar - US and Beijing politicians will need a lot of political courage to take economic steps that could prevent a new currency and trade war Leon Hadar Washington correspondent AS finance ministers and central bankers from around the world gathered in Washington for the annual IMF and WorldAFP - 1,085 words
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260 2010-10-09 28 / 29 Cheryl Foo - letters to the editor Cheryl Foo Assistant Director Corporate Communications and Planning Casino Regulatory Authority WE refer to the letter by Larry Haverkamp “Get casinos to display odds of winning” (BT, Oct 6). Section 106 (1) (b) (i) of the Casino Control Act260 words
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229 2010-10-09 28 / 29 Lim Hock San - Lim Hock San Chairman National Council on Problem Gambling WE thank Larry Haverkamp for his letter “Get casinos to display odds of winning” (BT, Oct 6) as well as his letters to The Straits Times in September on the same issue. Members of229 words
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143 2010-10-09 28 / 29 Lisa Williamson - Lisa Williamson Executive Director Corporate Communications Marina Bay Sands Pte Ltd WE refer to the letter by Larry Haverkamp, “Get casinos to display odds of winning” (BT, Oct 6). Marina Bay Sands works closely with the Casino Regulatory143 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1338 2010-10-09 30 / 31 Nelson D Schwartz - Interest rates have fallen so far that investors are turning to riskier and riskier securities for relatively high yields. The market for high-yield securities, also known as junk bonds, is booming as never before. By Nelson D Schwartz By Nelson D Schwartz NYT JIM CaseyNYT; AFP - 1,338 words
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BROKERS' TAKE
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Article247 2010-10-09 30 / 31 Buy DMG Research Oct 8 Close: $0.27 REAG has completed the placement of 100 million shares during Sept 24, 2010 at placement price of 30 cents each. Net proceeds raised came up to $28.8 million, of which 50-60 per cent is slated for wind farm projects247 words
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474 2010-10-09 30 / 31 Joyce Hooi - Compiled by Joyce Hooi OCBC Investment Research Oct 8 THE July Retail Sales Index, excluding motor vehicles, registered an increase of 6 per cent y-o-y and 1.3 per cent m-o-m. We reckon that retail sales for the rest of the year should sustain, bolstered by474 words
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Article, Illustration1290 2010-10-09 32 Analysts are cutting their forecasts for S&P’s 500 Index earnings as US unemployment remains near the highest in 27 years and European lawmakers enact austerity measures to shrink budget deficits Bloomberg FOR the first time in more than a year, analysts are cutting their forecasts forBloomberg; AFP - 1,290 words
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Article, Illustration1054 2010-10-09 33 Teh Hooi Ling - Firms going that route appear to have shown improvement in their valuations Teh Hooi Ling hooiling@sph.com.sg Senior correspondent LAST week, an investor friend sent me a text message. “Tell you a secret trade,” he wrote. “ThosestocksdoingTDR(Taiwan Depository Receipts) all can make money trading them.Source: Compiled by BT with data from Bloomberg and Thomson Reuters - 1,054 words
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WEALTH REAL ESTATE
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846 2010-10-09 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 16 LANDED Eastwood Green Terraces 3-Ter 08/09/2010 99 1934 1480 765 Peakville Park 2-Ter 08/09/2010 FH 3179 2250846 words
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Article, Illustration424 2010-10-09 35 Temporary measure, along with limit on bank mortgages, is aimed at cooling market Reuters Shanghai THE Shanghai government has issued new rules to limit home buyers to one new apartment and will impose revised land appreciation tax as part of an effortReuters; AP - 424 words
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Article, Illustration379 2010-10-09 35 A JOINT venture involving ACT Holdings, Nobel Design Holdings and two other partners has bought a four-storey freehold residential block at Lim Tua Tow Road, off Upper Serangoon Road, through a collective sale for $39.51 million. According to Jones Lang LaSalle (JLL),379 words
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294 2010-10-09 35 Uma Shankari - By Uma Shankari shankari@sph.com.sg Singapore A TOTAL of 344 units were sold in Frasers Centrepoint’s 573-unit Sengkang executive condominium (EC), Esparina Residences, as of 6pm yesterday. The developer had received 1,155 applicants for the project since it was launched on Sept 30. Eligible294 words
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Page 34 Advertisements
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Advertisement59 2010-10-09 34 Vtf K SfT, ParkRe s en Nassim ParK srs Featuring the Prestige Homes Collection A prestigious address is coveted by many, but reserved for the elite few. For enquiries: Lawrence Chia 9617 2884, LChia@savills.com.sg To arrange for an appointment to view our other luxurious developments, please call 6836 3338 or59 words
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Page 36 Advertisements
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Advertisement64 2010-10-09 36 Id Le maitre de I horlogerie depius 1875 l T> I mm rnff H o c< VM 60 Q I <? s> o o v? vT MM /VOH 30 1 r* w :?> I V x} O w vn e. 9 6 W^J 1 A 4r -iSst V Vi v64 words
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Page 1 Advertisements
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Advertisement54 2010-10-09 1 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER9-*****0BTTHE BUSINESS TIMES WEEKEND OCTOBER 9-10 2010 GUEST CHEF Kyoto in the mix L6 DIFFERENT STROKES New wave F&B outlets PERSONAL SPACE Unexpected Cool L12-13 PHOTO: YEN MENG JIIN DESIGN Reaching for the sky L8-9 HEALTH Nothing old about dementia L15 BT GOLF LEAGUE Fierce fight in the offing L1654 words
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BT Living
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DINING
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Article, Illustration3162 2010-10-09 2 / 3 Audrey Phoon - Forget the bottom line (well, almost) these new-wave outlets are approaching the F&B business with different priorities. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg 40 Hands 78 Yong Siak Street 6225-8545 www.40handscoffee.com YOU’VEgot togive HarryGroverahandfor what he’strying to do. Wait make that 40 hands. The Australian, who moved3,162 words
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Article523 2010-10-09 4 / 5 wine dine with BTWeekend Chatterbox Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with523 words
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ENTERTAINING
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Article, Illustration809 2010-10-09 6 Geoffrey Eu - Chef Sasajima combines elements of Buddhist vegetarian cuisine with the familiar trappings of the Italian kitchen. By Geoffrey Eu guest chef By Geoffrey Eu btnews@sph.com.sg EARLIERthisweek,agroupofvisitingwineproduc-ers from Italy sat down for dinner at Il Ghiottone, apopularrestaurantinKyotothatoffersauniquely Japanese take on Italian food. More specifically, owner-chef Yasuhiro Sasajima809 words
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STYLE
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Article, Illustration703 2010-10-09 7 Melissa Lwee - The designing genius of Emilio Pucci is lovingly feted in a lush coffee table book. By Melissa Lwee Emilio Pucci by Armando Chitolina, Vanessa Friedman and Alessandra Arezzi Boza Publisher: TASCHEN By Melissa Lwee mellwee@sph.com.sg THERE are many reasons why one should pick up a copy of this703 words
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Article, Illustration594 2010-10-09 7 Recently launched fashion books: Manolo’s New Shoes With more than 130 witty, seductive drawings of footwear (right) from the shoe maestro Manolo Blahnik himself, this is a keepsake for shoe lovers. Launched just last month, the book is organised thematically to express Blahnik’s interests and passion art history,594 words
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DESIGN
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Article, Illustration1416 2010-10-09 8 / 9 Clarissa Tan - skyThere’s a new skyscraper in town and Ho Chi Minh City is hoping it will become a towering symbol of modern Vietnam. By Clarissa Tan By Clarissa Tan btnews@sph.com.sg YOU’REwalkingalong a colourful, noisy street flanked on both sides by two-storey shophouses, with hundreds of motorbikes seeminglyARTIST IMPRESSION; PHOTOS: BITEXCO - 1,416 words
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FASHION
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Article, Illustration1524 2010-10-09 10 / 11 Daniel Goh - Paris takes a chill pill with labels doubling back and stripping down to the basics. By Daniel Goh By Daniel Goh btnews@sph.com.sg IT was not a Paris collection that would revolutionise fashion. Top designers showed calm, clean and reduced creations that seemed to have evolved subtly, in tune1,524 words
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HOME & GARDEN
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Article, Illustration1131 2010-10-09 12 / 13 Melissa Lwee - The house of designers Allan Chai and Ross Chng is full of fun surprises, with its mix of East and West, old and new. By Melissa Lwee personal space By Melissa Lwee ONE’S first reaction upon setting sight on the house of Allan Chai and Ross Chng isPHOTOS: ARTHUR LEE - 1,131 words
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GADGETS
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Article, Illustration797 2010-10-09 14 Christopher Lim - The new breed of full-featured smartphone is in pole position to make sure you never get lost. By Christopher Lim By Christopher Lim limchris@sph.com.sg MANY mobile phones these days come with navigation features to help you get around, but not all of them do that job equally well.797 words
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HEALTH
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Article, Illustration657 2010-10-09 15 Cheah Ui-Hoon - An umbrella term for mental diseases, the most common being Alzheimer’s, dementia is much worse than just absent-minded forgetfulness. By Cheah Ui-Hoon By Cheah Ui-Hoon THE common teasing you get, or self-effacing comment you make, when you forget where you placed the keys, is thatyou’regettingold.Butrealforgetfulness, thekindFILE PHOTO - 657 words
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BT CORPORATE GOLF LEAGUE 2010
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Article344 2010-10-09 16 Justine Moss - Big Fish is sitting pretty on top with a nine-point lead over second-placed OAAG. By Justine Moss By Justine Moss btnews@sph.com.sg AS THE teams in The Business Times Corporate Golf League prepare to tee off in the final round at Sentosa’s Serapong course next week,344 words
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Article, Illustration485 2010-10-09 16 Justine Moss - By Justine Moss AS the title sponsor of the upcoming CIMB Asia Pacific Classic, Malaysia, CIMB had decided to put its other golf involvements on hold this year. But it decided to make an exception for The Business Times Corporate Golf League. “Ihadtoarm-twistmymarcomdepart-ment which oversees all sponsorships to485 words
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Article, Illustration485 2010-10-09 16 Justine Moss - By Justine Moss MEETING like-minded players, enjoying great company, network opportunities, and nice courses to compete on have been some of the highlights of the League, says Joey Chang, CEO, AXS Pte Ltd. The Citi team member is also very much a valuable part of the team accordingANDY HO PHOTOGRAPHY - 485 words
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SPORT
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Article, Illustration633 2010-10-09 17 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THESE days, it doesn’t just rain in Liverpool. It pours. Incessantly. Fans of the wildly popular English football club cheered earlier this week when they found out that someone had finally come forward to buy theirREUTERS - 633 words
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Article, Illustration420 2010-10-09 17 Colette Wong - tee off with colette wong Colette Wong IT WAS gripping, edge-of-your-seat drama right up till the 17th of the very last singles match when Hunter Mahan conceded the hole to Graeme McDowell. Europe had done it. They had won the 38th Ryder Cup by a single point:420 words
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MOTORING
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Article, Illustration717 2010-10-09 18 Samuel Ee - The Mercedes-Benz CLS 350 can be manoeuvred as nimbly as a compact C-Class. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR what is arguably an automotive oxymoron, the Mercedes-Benz CLS-Class “four-door coupe” has been a pretty successful model. Now, there is a new version and it looks even717 words
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Article, Illustration461 2010-10-09 19 Samuel Ee - Mercedes-Benz has focused much attention on the new CLS-Class’ looks. By Samuel Ee By Samuel Ee samuelee@sph.com.sg AFTER launching the first CLS-Class six years ago and creating a new vehicle category, Mercedes-Benz discovered that one-third of its buyers were conquests, that is, they used to drive another make.461 words
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Article, Illustration548 2010-10-09 20 Samuel Ee - In the event of a deluge during tomorrow’s Japanese GP, most of the field face a very good chance of sliding off the track and crashing out. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg IT’S been raining so much this week that even theREUTERS; AP - 548 words
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Page 7 Advertisements
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Advertisement17 2010-10-09 7 The book costs $380 and is available at the Emilio Pucci boutique, Level 2, Takashimaya Department Store.17 words
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Page 17 Advertisements
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Advertisement17 2010-10-09 17 Catch SportsCenter anchor Colette Wong on ESPN every weekday at 7.30pm and 10pm for more golf updates17 words
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