The Business Times, 20 November 2010
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2010-11-20
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The Business Times
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Title Section18 2010-11-20 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 20 21, 2010 S$1.00 MICA(P) 139/08/2010 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION18 words
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730 2010-11-20 1 Michelle Quah - After SLA case, he is charged with defrauding IPOS; stint at Supreme Court being probed By Michelle Quah michquah@sph.com.sg Singapore THE ripples from the Singapore Land Authority (SLA) case have thrown up another incident of suspected fraud at another statutory board allegedly perpetrated by the730 words
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Page 1 Advertisements
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Advertisement183 2010-11-20 1 the MOTORING Green luxury L19 PERSPECTIVE Singapore’s economic diplomacy demystified 28-29 WEALTH Decent returns from global equities 30-31 property curbs HK acts to cool market HONG KONG has imposed additional taxes and raised down payments on residential properties as it steps up the battle against surging prices. 2 connections count183 words
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Advertisement28 2010-11-20 1 Allowing people to buy shares with their CPF money is like sending lambs to the slaughterhouse. Former senior civil servant Ngiam Tong Dow, in The Raffles Conversation Pages28 words
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TOP STORIES
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Article139 2010-11-20 2 H STI 3,197.37 (-17.85) H STI FUTURES 3,196.00 (-18.00) H SIMSCI 376.63 (-1.95) H SIMSCI FUTURES 375.80 (-2.50) STOCKS Friday Change KL COMP 1,506.05 +9.40 NIKKEI 225 10,022.39 +8.76 HANG SENG 23,605.71 -31.68 SET 1,008.77 +4.05 JAKARTA 3,725.05 +47.14 MANILA 4,203.60 +82.98 KOSPI 1,940.96 +13.10 SHENZHEN B 823.54 +16.45139 words
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Article, Illustration653 2010-11-20 2 Homes sold within 6 months of purchase will incur 15% stamp duty from today Bloomberg Hong Kong HONG Kong imposed additional taxes and raised downpayments on residential properties, stepping up a battle against surging prices after the International Monetary Fund (IMF) warnedBloomberg; BLOOMBERG - 653 words
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Article, Illustration520 2010-11-20 4 Chuang Peck Ming - Republic can leverage on external resources and innovations to overcome its natural handicaps By Chuang Peck Ming peckming@sph.com.sg Singapore CHINA may have the numbers but Singapore has the connection. And in being connected to the world, Singapore can stay aheadFILE PHOTO - 520 words
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388 2010-11-20 4 AP Las Vegas HARRAH’S Entertainment Inc cancelled its initial public offering (IPO) yesterday, folding its hand for now on a risky bet on returning to the stock market just three years after it went private. The casino operator was expected to price the offeringAP - 388 words
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Article, Illustration629 2010-11-20 5 Dublin says still unclear how much its banks need until IMF assessment Reuters Dublin IRELAND came under renewed pressure from eurozone partners yesterday to accept quick support for its banks, but Dublin said that it remained unclear for now how much its battered financial institutionsReuters; PHOTO: AFP - 629 words
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654 2010-11-20 6 Nisha Ramchandani - Hugo Boss and Balenciaga to cost less but Louis Vuitton and Chanel hold firm By Nisha Ramchandani nishar@sph.com.sg Singapore SOME retailers in Singapore will be adjusting prices downwards thanks to the stronger Singapore dollar but luxury stalwarts such as Chanel and Louis Vuitton,654 words
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Article, Illustration659 2010-11-20 6 Winston Chai - saturday soapbox| By Winston Chai ~winstonc@sph.com.sg THE two flames that flank the iconic Liverpool Football Club emblem honour supporters who died in the Hillsborough tragedy of 1989 but this year, they might just as well represent the two linchpins of a club in direREUTERS - 659 words
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Article, Illustration1398 2010-11-20 8 Joyce Hooi - Employers turn to assessment centres to spot talent they want to cultivate or put in management positions By Joyce Hooi ~joyceh@sph.com.sg HOWdoyoumake sure you do not hire someone who will make your bank the face of the sub-prime crisis and call himself “the Fabulous Fab”? For that1,398 words
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Page 2 Advertisements
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Advertisement60 2010-11-20 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 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 L2-6 Style/Travel L8 Travel L9 Home& Garden L10-1160 words
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Page 3 Advertisements
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Advertisement542 2010-11-20 3 A Christmas All Decked Up INJ I i. Q> I FJi*m hy A*hlry Iihim; Short. Kunjlri and bag by Se Outfit by Jiut Cavilli; Shoes by in^amoui Fri, 19 Nov Fri, 31 Dec 2010 This Christmas, Mandarin Gallery unfolds all four levels of its fabulous boutiques with seasonal goodies, sensational542 words
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Page 4 Miscellaneous
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Miscellaneous17 2010-11-20 4 JACKPOT y. CO THIS MONDAY m For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m17 words
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Page 5 Advertisements
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Advertisement120 2010-11-20 5 Better development. ft ±t T 1 I f f mm u Sk ■#1 m «r TOMORRJW TfGETHER Learn how Hitachi's amazing green innovations are fcMfl JAPAN GREEN providing a safe, comfortable and sustainable world for you. INNOVATION EXHIBITION 20 Nov 24 Dec 2010 (Tue Sat, 10am 6pm) Closed on Sun,120 words
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Advertisement234 2010-11-20 7 ft E i S*'5B m*m i '•> ,,J V; TT a !.a rw Wu Guanzhong I sgd 120,000. -180,000. Chinese ink and watercolor on paper I 44 x 47 cm Fang Lijun I SGD 200,000. 320,000. oil on canvas I 80 x 109 cm Lin Feng Mian 1 sgd 300,000.234 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK| Nov 15-19, 2010
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Article54 2010-11-20 9 OLAM International has enlarged its footprint in Africa through two key deals with the Gabonese government a US$1.3 billion fertiliser production plant project, and a US$236 million investment plan for palm plantations. The two projects, sealed over last weekend, will deepen the group’s ties with54 words
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49 2010-11-20 9 POLITICAL leaders from 21 Asia-Pacific economies ended their weekend summit in Yokohama last Sunday with rather low-key collective agreements on the need to work toward a region-wide free trade pact, and to promote balanced and sustainable growth among members.49 words
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67 2010-11-20 9 SINGAPORE’S economy cannot expand another 10 per cent next year as another growth spurt would mean taking in more foreign workers and risks in overheating, Prime Minister Lee Hsien Loong said. A 3 to 5 per cent growth range in the medium term67 words
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92 2010-11-20 9 AFTER September’s slump came October’s rebound. This turnaround, reflected in the latest developer sales figures revealed on Monday, has prompted some industry observers to say that another round of demand-cooling measures may follow, as those announced on Aug 30 do not seem to have92 words
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77 2010-11-20 9 MORE than half of French grocery giant Carrefour’s stores in Thailand, Singapore and Malaysia were sold for a whopping 868 million euros (US$1.2 billion or S$1.57 billion) to a unit of France’s Casino Guichard-Perrachon SA in a deal that could help77 words
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81 2010-11-20 9 PRIVATE condominiums have been told in no uncertain terms that they cannot refuse to have their premises wired up for the new, high-speed fibre broadband network. Those that have rejected the government-mandated network will soon have to let installation work begin. The Infocomm81 words
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35 2010-11-20 9 GUOCOLAND is planning to build Singapore’s tallest residences, up to 78 storeys high, within a $3 billion mixed-development project on a site above Tanjong Pagar MRT Station.35 words
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Article, Illustration78 2010-11-20 9 SINGAPORE’S economy may grow up to 10.8 per cent in the fourth quarter, according to the latest BT-UniSIM Business Climate Survey. Survey director Chow Kit Boey’s latest regression analyses predict that GDP will grow 9.8-10.8 per cent in Q4, yielding a full-year growthAFP - 78 words
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88 2010-11-20 9 SINGAPORE’S economy is poised to grow about 15 per cent this year and avert a technical recession in the fourth quarter, the Ministry of Trade and Industry said on Thursday. For 2011, it is looking at 4-6 per cent growth a rather88 words
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73 2010-11-20 9 COE premiums spiked across the board on Thursday in some cases to 10-year-highs on a combination of festive demand and panic buying. The second bidding exercise of November for certificates of entitlement saw Category A for cars 1,600cc and below jump $4,999 to $39,000,73 words
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NEXT WEEK | Nov 22-26, ’10
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Article18 2010-11-20 9 Nov 23 Q3 GDP figures Oct home sales Nov 24 Oct durable goods Oct personal income/spending18 words
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Article19 2010-11-20 9 Nov 23 Oct consumer price index Nov 26 Oct index of industrial production Q3 business receipts index19 words
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Article54 2010-11-20 9 Nov 22 Strasbourg, France European Parliament plenary session Nov 24 Moscow Russia’s Finance Minister Alexei Kudrin to hold talks with Britain’s business secretary Vince Cable Nov 26 Thessaloniki, Greece Meetings of the Black Sea Economic Cooperation (BSEC) Council of Ministers of Foreign Affairs Lisbon Parliament to debate and vote54 words
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Page 9 Miscellaneous
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Miscellaneous334 2010-11-20 9 CRYPTIC CROSSWORD Across 1 Where a preacher stands on how to recycle paper (6) 4 Supporter seen here and there, on the move (8) 9 Daisy’s song-cycle? (6) 10 Ability to stick to point, perhaps (8) 12 This month in an abbreviated way (4) 13 True figure is in this334 words
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Miscellaneous19 2010-11-20 9 SATURDAY with Ludwig ‘I’ve noticed that you’ve been working overtime ever since the Beatles catalogue was released on iTunes...’19 words
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THE RAFFLES CONVERSATION
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Article, Illustration2488 2010-11-20 10/11 Vikram Khanna - Arguably the most outspoken of Singapore’s policymakers, Ngiam Tong Dow is also among the most experienced, with a panoramic perspective that is informed by an acute sense of history and political reality. By Vikram Khanna reality.By Vikram Khanna vikram@sph.com.sg ‘STRATEGIC pragmatism, that is my song,’ declares NgiamARTHUR LEE - 2,488 words
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COMPANIES
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Article, Illustration565 2010-11-20 12 Grace Leong - stock takes| By Grace Leong gleong@sph.com.sg Singapore CASINO operator Genting Singapore received an “underweight” or “sell” rating from HSBC Global Research despite its strong cash flow and expectations that Singapore may overtake the Las Vegas Strip in terms of gross gaming revenue by 2013. InBLOOMBERG - 565 words
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448 2010-11-20 12 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore LOCAL rig builders are well-placed to feast on a lion’s share of the sector’s recovery as orderbooks for rigs and floating production, storage and offloading (FPSO) vessels are poised to get fatter. An end to more448 words
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173 2010-11-20 12 Reuters Bangkok THAI Airways International will delay the launch of its new low-fare airline alliance with Singapore’s Tiger Airways to May 2011, from late March, chairman Ampon Kittiampon told reporters. The delay of Thai Tiger Airways is due to theReuters - 173 words
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211 2010-11-20 13 Lynette Khoo - It was appropriate time to change auditors, for director to step down By Lynette Khoo lynkhoo@sph.com.sg Singapore SCINTRONIX Corporation clarified yesterday that there are neither any disagreements between the board and its outgoing auditors nor disputes between the board and an outgoing independent211 words
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224 2010-11-20 13 MEDICAL equipment maker LMA said yesterday that its group deputy chairman John Lim Kok Min has decided to step down from the board after he completes his extended term on Dec 31. The mainboard-listed company said in a statement that Mr Lim has been224 words
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522 2010-11-20 14 Lynette Khoo - Group eyes deal with Chinese firm that sells organic agricultural products By Lynette Khoo lynkhoo@sph.com.sg Singapore GUANGZHAO Industrial Forest Biotechnology, which is selling its existing forestry business, may soon morph into a sales agent for agricultural products if its new business plan522 words
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Article, Illustration370 2010-11-20 14 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore SINGAPORE-LISTED Indonesian marine transport provider Seroja Investments Ltd has signed two new agreements with its Chinese joint venture (JV) partner, Zhushui Energy Resource Group, which will see the JV firm buy two bulk carriers for a total of US$66.2370 words
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Business briefing
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Article80 2010-11-20 14 Z-OBEE Holdings said that it will launch the proposed Taiwan Depository Receipts (TDRs) listing on Nov 22 in Taiwan. The final offer price for the TDRs is expected to be determined on Nov 26. The company had previously announced that it plans to80 words
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118 2010-11-20 14 ABTERRA Ltd, which reported a fall in its revenue for the third quarter of 2010 due to “the lackof creditfacilities”yesterdaysaidthatitis in talks with a few banks to increase the availability of credit facilities. For the third quarter, Abterra had reported a decrease in revenue118 words
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60 2010-11-20 14 BUILDERS Shop Pte Ltd, a subsidiary of Pollux, has secured a contract on Nov 11 to supply tiles and stones finishing materials to The Hamilton Scotts, a 30-storey residential development, for $1.8 million. The project is located at at 37 Scotts Road. The items are60 words
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Article94 2010-11-20 14 RENEWABLE Energy Asia Group (REA) has entered into an agreement to buy 49 per cent of a completed wind farm in Huaishuo town in Baotou, Inner Mongolia for 48 million yuan (S$9.4 million) from Jiangsu Maritime Engineering Services Co, Ltd. The deal involves the94 words
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90 2010-11-20 14 SINGAPORE Exchange (SGX) announced that the SGX EURO STOXX 50 Index futures and options on futures will start trading on its derivatives market on Dec 6. The debut of the US-dollar denominated EURO STOXX 50 futures and options will mark the90 words
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Article, Illustration600 2010-11-20 15 Jamie Lee - stocks Jamie Lee leejamie@sph.com.sg Reporter THE Straits Times Index ended a shade lower to cap a week of tepid trading, taking cues from the Hong Kong market that eased on fresh moves by the government to rein in property prices. The benchmark600 words
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211 2010-11-20 15 Reuters Singapore SABANA Shariah Compliant Reit, which owns industrial properties in Singapore, has priced its IPO at $1.05 a share, the midpoint of an indicative range, to raise $491 million, IFR reported yesterday, citing sources. Sabana Reit, Singapore’s firstReuters - 211 words
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Article111 2010-11-20 15 VOL CLOSE GentingSP 107,521 204 -1.0 -0.5 GoldenAgri 36,262 72 0.0 0.0 STXOSV 31,330 84.5 1.5 1.8 FrasersComm 31,025 16 0.0 0.0 *GentingHK US$ 30,477 45.5 -0.7 -1.1 SingTel 25,200 312 -1.0 -0.3 NobleGrp 24,275 208 0.0 0.0 GLP 18,511 222 -3.0 -1.3 SunVic 17,609 62.5 -1.0111 words
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Article108 2010-11-20 15 Stock name Close Change CapMallsAsia 2.080 -0.030 CapitaLand 3.800 -0.010 CapitaMall 1.920 -0.010 CityDev 13.000 -0.120 ComfortDelGro 1.550 +0.020 DBS Grp 13.900 -0.040 F&N 6.270 -0.110 Genting SP 2.040 -0.010 Golden Agri 0.720 HK Land 6.850 -0.200 JMH 47.400 +0.120 JSH 27.560 +0.240 Jardine C&C 38.140 -0.160 Keppel108 words
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Article58 2010-11-20 15 BY CENTS CLOSE UP IS S&P500 ***** 77.7 0.5 DBXT MSKorea 10US$ 5440 38.8 0.6 JSH 2756 31.1 0.9 DBXT MSTaiwan 10US$ 1805 22.0 1.0 Lyxor EmergingMkts 1 1123 22.0 1.5 Lyxor LatinAmerica 1 921 18.1 1.5 GLD 10US$ ***** 15.5 0.1 JMH 4740 15.5 0.3 DBXT MSINDO58 words
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Article63 2010-11-20 15 BY CENTS CLOSEDOWN DBXT FTVietnam 10US$ 3252 -115.2 -2.7 DBXT Nifty 10US$ ***** -42.7 -0.2 DBXT MSBrazil 10US$ 728 -36.3 -3.7 DBXT AUD Bonds 5AU$ ***** -32.0 -0.2 DBXT S&P Short 10US$ 4780 -31.1 -0.5 CIMBAsean40 100US$ 1016 -27.2 -2.0 HK Land 685 -25.9 -2.8 UOB 1832 -20.063 words
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Page 13 Advertisements
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Advertisement92 2010-11-20 13 IN SINGAPORE m io m m •lfL -4 r Mil m. ASIAN CONTEMPORARY MODERN ART, FINE JEWELLERY AND WATCHES Auction: Sunday, 21 November 2010, at 11.00 I Viewing: Saturday, 20 November 2010, at 10.00 Venue: Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore BOROBUDUR FINE ART AUCTION PTE. LTD. email92 words
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Page 15 Advertisements
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Advertisement224 2010-11-20 15 MATS RECRUIT Pacific Radiance Pacific Radiance Limited is a holding company based in Singapore with subsidiaries in the shipbuilding, chartering and operating of Offshore Supply Vessels (OSV) as well as Diving Support Vessels (DSV); and providing support services to the Oil and Gas Exploration industry. The vessels operate within Asia224 words
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FROM THE DESK OF
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Article, Illustration821 2010-11-20 16 Robb Beeston - Companies that produce online content for children must be acutely aware of the responsibility of not only creating entertaining, innovative environments, but safe ones too from the desk of Robb Beeston Head of Disney Online Studios THEworldweliveinis so connected and “on” 24-7 it’s hard821 words
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SINGAPORE
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400 2010-11-20 17 Teh Shi Ning - Time is right for Washington to review feasibility of FTA negotiations with Asean: Tommy Koh By Teh Shi Ning tshining@sph.com.sg THE US and Asia need each other, Singapore’s Ambassador-at-Large Tommy Koh said yesterday, suggesting a positive agenda for economic engagement between the two. Asia400 words
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385 2010-11-20 17 Amit Roy Choudhury - By Amit Roy Choudhury amit@sph.com.sg DIGITAL Realty Trust, a global wholesale data centre services provider, yesterday announced that it is spending about $170 million to acquire a new 370,500 square foot data centre facility in Singapore’s International Business Park in the Jurong East385 words
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Article, Illustration316 2010-11-20 17 FIVE of six former BP employees sued by the oil giant for breach of contract have won their bids to have a search order set aside. The court has ordered that the orders obtained and executed by BP SingaporeREUTERS - 316 words
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158 2010-11-20 17 STUDENT start-ups at the Singapore Management University (SMU) will soon get a leg up from more experienced business hands. Yesterday, the Trade Development Board-IE Singapore Society (TDB-ie Society) signed a memorandum of understanding (MOU) with the university at the society’s 10th anniversary celebration dinner to158 words
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Article, Illustration324 2010-11-20 18 Karen Ng - Keen competition and undercutting will help check prices, says GIA By Karen Ng karen ng@sph.com.sg VEHICLE premiums “will not rise as fast as they should”, the president of the General Insurance Association (GIA) of Singapore, Derek Teo, said yesterday. Mr Teo toldSAMUEL HE/THE STRAITS TIMES - 324 words
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Article, Illustration346 2010-11-20 18 THIS year’s Christmas light-up is set to be the largest to date, with the ful-ly-completed Marina Bay area joining the party. Marina Bay will feature decorations by local celebrity Dick Lee and Rich-Art Enterprises. Not to be outdone, Orchard Road will see its 2.2ST FILE PHOTO - 346 words
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303 2010-11-20 18 Chan Swee Khuan - By Chan Swee Khuan skchan@sph.com.sg AUSTRALIA’S Edith Cowan University (ECU) has found another partner in SMa Institute of Higher Learning, a wholly owned subsidiary of Singapore Manufacturers’ Federation (SMa). It formerly had a partnership with the Management Development Institute of Singapore (MDIS). Kerry Cox,303 words
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Page 17 Advertisements
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Advertisement126 2010-11-20 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) ARDMORE PTE. LTD. Company Reg. No. *****7410C (2) PN MANAGEMENT PTE. LTD. Company Reg. No. *****3850N (3) PROPCENTRAL (S) PTE LTD Company Reg. No. *****1363K (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE126 words
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Page 18 Advertisements
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Advertisement9 2010-11-20 18 www.omy.sg urn IMi showbiz.omy.sg ift MV IU r eat.omy.sg9 words
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WORLD
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Article, Illustration716 2010-11-20 19 Stronger than expected expansion highlights strength of Asia’s recovery Bloomberg Taipei TAIWAN’S economy expanded faster than estimated, underscoring the strength of Asia’s recovery and the risk of asset bubbles as more capital flows into the region. Gross domestic product (GDP) rose 9.8 per cent in theBloomberg; AFP - 716 words
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246 2010-11-20 19 Re uters New Delhi INDIA will pay an extra 713 million rupees (S$20.4 million) in compensation to the victims of the world’s worst industrial accident that killed thousands in 1984, the government said in a statement. India says about 3,500 people died whenReuters - 246 words
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326 2010-11-20 19 Reuters Seoul SOUTH Korea plans to prepare additional measures to reduce sharp swings in capital flows by the end of this year, following legislative steps to re-impose a tax on foreign bond holders. Vice-Finance Minister Yim Jong-yong told Reuters yesterday that the governmentReuters - 326 words
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Article, Illustration471 2010-11-20 20 Botched sale of 2G telecom licences in 2008 at a small fraction of their value had cost the country up to US$40b AFP New Delhi INDIA’S Parliament adjourned in uproar yesterday over a massive corruption scandal that has ensnared Prime Minister Manmohan Singh,AFP; AFP FILE PHOTO - 471 words
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541 2010-11-20 20 Reuters Tokyo A SMALL opposition party submitted a Bill to Japan’s parliament yesterday requiring the Bank of Japan to meet an inflation target to be set by the government. The measure has little chance of becoming law but will keep pressureReuters - 541 words
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219 2010-11-20 20 AFP THE Qantas Airbus A380 that experienced an engine blast en route to Sydney, suffered a ruptured fuel pipe in the incident which could have caused a disastrous mid-air explosion, reports said yesterday. The Sydney Morning Herald said that official preliminary reportsAFP - 219 words
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Article, Illustration448 2010-11-20 21 Pauline Ng - Service combines voice, mobile Internet and mobile broadband in one integrated plan at rates said to be industry’s lowest By Pauline Ng bt wo rl d @s p h .co m .sg Kuala Lumpur MALAYSIA now has “the world’s first fully converged 4G mobile InternetAP - 448 words
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241 2010-11-20 21 Reuters Copenhagen DANISH shipping and oil group A P Moller-Maersk sold 500 million euros (S$887.3 million) worth of new seven-year bonds in an oversubscribed offering that was part of a policy to diversify its funding. The books closed at 1015 GMT yesterday after the issueReuters - 241 words
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164 2010-11-20 21 AFP Brussels ITALY must reimburse 720,000 (S$1.3 million) euros of EU cash used to fund an Elton John concert last year, the European Commission said yesterday. After looking into allegations of possible misuse of European Union (EU) cash, the commission this weekAFP - 164 words
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253 2010-11-20 21 AFP New York A SOPHISTICATED Malaysian cyber bandit hacked into the US FederalReserve’s computersand alsostolenearly halfamillion credit and debit card numbers, US prosecutors in New York said. Lin Mun Poo, a Malaysian resident and citizen, was arrested on Oct 21 soon after entering theAFP - 253 words
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Article, Illustration565 2010-11-20 22 Obama’s plans for an expanded missile defence system in Europe and war in Afghanistan to take centrestage AP Lisbon US President Barack Obama and Nato’s 27 other leaders opened a two-day summit yesterday on keeping the Cold War alliance relevant but the meetingAP; AFP - 565 words
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403 2010-11-20 22 AFP Washington FEDERAL Reserve chief Ben Bernanke called for the US government to take further measures to stimulate the country’s weak economic recovery and reduce high budget deficits. He said the current tepid pace of recovery from the worst recession in decadesAFP - 403 words
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151 2010-11-20 22 AFP Beijing CHINA’Scentralbanksaidyesterday that it would raise the amount of money that lenders must keep in reserve to contain rising inflation and soaring housing costs. The People’s Bank of China said the reserve ratio would be raised by 50 basis points, effective NovAFP - 151 words
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Advertisement19 2010-11-20 20 IT'S HERE! ..ill 3G 2:40 PM V LCDRDiriG... GET THE FREE 9I.3FM APP NOW! Available on the App Store19 words
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Page 22 Advertisements
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Advertisement28 2010-11-20 22 4- cm Lianhe Zaobao M'sian chef makes a name for himself by changing the pastry industry in Shanghai It •frjik To subscribe, call 6388-3838 or go to sphsubscription.com.sg28 words
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SGX
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Article9093 2010-11-20 23 Transaction date: Nov 19 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 14.5 3148 8Telecom 19 +0.5 730 19 19 18.5 19 1.7 9.5 6.1 91 12 5 5834 A-Sonic 6 +0.59,093 words
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Article1860 2010-11-20 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 7 4 1181 t AA Grp 4.5 4 4.5 25 4.3 225 130 6222 t APStrategic 162 unch 4 162 157 157 1611,860 words
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Article186 2010-11-20 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 6 0 0 0 4 7 6 Manufacturing 43 57 81 5 8 14 48 65 95 Commerce 19 21 20 3 4 7 22 25 27 Tpt/Stor/Comms 15 13 12186 words
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Article824 2010-11-20 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) PCI Ltd 18-Nov-10 Chuan Hup Hldgs Buy 370 na ***** 34.72 ***** 34.91 PCI Ltd 18-Nov-10 Peh824 words
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Article123 2010-11-20 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,024 16,024 72,004 72,004 Manufacturing 232,466 15,003 247,469 243,072 1,010 244,082 Commerce 85,378 30,563 115,941 129,319 2,478 131,797 Tpt/Stor/Comms 135,104 1,623 136,727 219,574 515 220,089 Finance 23,487 25 23,512 193,869 3 193,872 Construction 38,699 20,005123 words
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Article118 2010-11-20 27 Nov 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.25 Can dollar 1.294 1.245 Euro 1.802 1.733 Sterling pound 2.117 2.036 NZ dollar 1.036 0.987 US dollar 1.315 1.265 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration93 2010-11-20 27 YTD change:+10.35% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change:-11.86% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: +7.92% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source:Source: Bloomberg - 93 words
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374 2010-11-20 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 18 Index Change Change Change Change Change Change World Index Preliminary 870.0 1.6 4.5 1.3 -2.3 1.7 5.7 ‡EAFE Preliminary 792.5 1.5 1.0 1.3 -4.8 1.7 3.0 Europe Preliminary 1163.1 1.6374 words
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Article154 2010-11-20 27 Nov 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2807 1.2824 0.9893 0.9898 Canadian dollar 1.2730 1.2742 0.9833 0.9835 Euro 1.7722 1.7738 1.3689 1.3691 NZ dollar 1.0082 1.0103 0.7788 0.7798 Sterling pound 2.0782 2.0800 1.6053 1.6054154 words
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Article82 2010-11-20 27 Nov 18 COCOA (£/tonne) Close Prev High/Low Dec 10 1935 1870 1939/1879 Mar 11 1931 1882 1939/1890 May 11 1945 1898 1952/1906 Jul 11 1962 1916 1969/1924 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1890 1852 1904/1890 Jan 11 1911 1858 1920/1869 Mar 11 1925 1870 1934/1880 May 1182 words
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Article93 2010-11-20 27 Nov 18 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1242.*****5.*****5.*****3.75 Mar 11 1249.*****2.*****2.*****1.50 May 11 1248.*****1.*****1.*****9.75 Jul 11 1250.*****1.*****3.*****0.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 50.92 48.94 50.98 48.44 Jan 11 51.25 49.25 51.27 48.75 Mar 11 51.64 49.62 51.6493 words
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Article61 2010-11-20 27 Nov 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3336 3337 3373 3300 171 3171 Jan 11 3341 3350 3380 3294 2026 ***** Feb 11 3325 3326 3364 3271 ***** ***** Mar 11 3320 331761 words
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Article71 2010-11-20 27 Nov 19 GOLD (US$/oz) Nov 19 Nov 18 Hong Kong 1360.*****7.00 Nov 18 Nov 17 London 1354.*****9.65 1355.*****0.45 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.49 35.27 Source: UOB PLATINUM Lon (US$/oz) Nov 18 Close Previous PM Fix 1656.*****9.50 AM Fix 1658.*****8.00 Source: Thomson Reuters PLATINUM NYMEX71 words
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Article71 2010-11-20 27 Nov 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2281.00 2249.00 3 months 2308.00 2275.50 Copper, Grade A (US$/tonne) Cash 8446.00 8224.00 3 months 8425.00 8190.00 Lead (US$/tonne) Cash 2290.50 2240.50 3 months 2315.00 2265.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article75 2010-11-20 27 Nov 18 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 84.81 0.28 WTI (Near Mth) 81.90 1.53 Dubai (1-Mth F) 81.93 -0.17 Tapis blend 88.50 0.20 Minas 83.90 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.22 -0.34 Jet Kerosene 96.00 -2.10 US$/barrel Opec Oil Basket Price75 words
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PERSPECTIVE
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Article, Illustration881 2010-11-20 28 / 29 Deborah Elms - The editors of Economic Diplomacy provide a unique service, managing to capture the thoughts and reflections of some of the key individuals involved in shaping economic history for Singapore. By Deborah Elms From the earliest periods, it was clear that Singapore had to be economically openARTHUR LEE - 881 words
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Article, Illustration762 2010-11-20 28 / 29 Bruce Wedderburn - Commonly held myths about sales performance and measurement are eating away at companies’ profitability without management noticing. By Bruce Wedderburn By Bruce Wedderburn ~The writer is vice-president of International Operations at Huthwaite, a company that specialises in sales techniques WHAT is the number one killer inAP - 762 words
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Wealth
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WEALTH INVESTING
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Article, Illustration972 2010-11-20 30 / 31 Genevieve Cua - The dominant view that has emerged from a Schroders international media conference in London this week is that the prospect of a double-dip recession has faded. By Genevieve Cua in London By Genevieve Cua gen@sph.com.sg INVESTORS can expect “decent” returns from global equities in 2011, and inflows intoAP - 972 words
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BROKERS' TAKE
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Article293 2010-11-20 30 / 31 Keppel Land Buy Singapore Land Buy DBS Group Research Nov 19 ONE Finlayson Green could be sold on a strata-floor basis. Indicative prices for the 19-storey freehold building located near Raffles Place MRT station are about $2,600 and $2,800 per square foot (psf) on strata area for the293 words
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Article449 2010-11-20 30 / 31 Lynn Kan - Hold OCBC Investment Research Nov 19 Close: $2.47 Compiled by Lynn Kan SINGAPORE’S medical tourism business is growing more slowly than some other regional competitors, according to data from Frost Sullivan. This could signify increasing pressure on Raffles Medical Group since 35 per cent of its patient449 words
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Article, Illustration1466 2010-11-20 32 Alexis Leondis - Private placements are usually illiquid since they can’t be easily resold and often lack transparency By Alexis Leondis Bloomberg TRACYNye,a50-year-oldres-taurant owner, said he was forced out of early retirement last year after losing US$1.5 million on privately placed investments that were largely unregulated. The Boise,Bloomberg; BLOOMBERG - 1,466 words
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Article, Illustration1305 2010-11-20 33 Teh Hooi Ling - Investors have a natural tendency to lose faith in asset classes or strategies that have not been working show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder WE ALL tend to form our opinions based on the1,305 words
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912 2010-11-20 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 12 NON-LANDED Balestier Point Apt 22/10/2010 FH 1130 878 777 Lavender St Apt 21/10/2010 FH 980 570912 words
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503 2010-11-20 35 Emilyn Yap - Properties here were more than 5% underpriced in Q3: DTZ study By Emilyn Yap emilyny@sph.com.sg Singapore INVESTORS looking to acquire prime office, industrial, and retail properties are likely to do better here than in Hong Kong, going by a study from DTZ.503 words
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446 2010-11-20 35 Bloomberg London NORTHACRE Plc, an unprofitable London developer, became the second-best performing realestate stock in Europe this year thanks to just one project that’s still in progress. Sales at The Lancasters redevelopment, a city block of 1850s townhouses overlooking Hyde Park, have probably beenBloomberg - 446 words
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Article, Illustration581 2010-11-20 35 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg Singapore A BUNGALOW at 6 Coronation Road West, in the Oei Tiong Ham Park Good Class Bungalow (GCB) area, was sold at a Colliers International auction on Thursday for $26.6 million. The price works out to about $1,050 per581 words
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Page 34 Advertisements
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Advertisement47 2010-11-20 34 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 or search with us at residential.savills.com.sg savills47 words
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Page 36 Advertisements
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Advertisement12 2010-11-20 36 t I I MILLENARY CHRONOGRAPH For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com12 words
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Advertisement58 2010-11-20 1 LivingTHEBUSINESSTIMESWEEKEND|NOVEMBER20-*****0BTTHE BUSINESS TIMES WEEKEND NOVEMBER 20 21 2010 SERVING UP BETTER HEALTH More options for health-conscious foodies PHOTO: GRILLED TOFU SALAD, ONAKA CAFE TRAVEL The Desmond Tutu Center L9 PERSONAL SPACE At home with music L10-11 GOLF Life after the LPGA L17 GADGETS Pick of Scitex 2010 L12-13 MOTORING Ingolstadt58 words
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BT Living
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DINING
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Serving up better health
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Article, Illustration1033 2010-11-20 2/3 Jaime Ee - 6 Eu Tong Sen Street The Central, #B1-52/53 Z6224-4492 Health-conscious foodies in Singapore may feel a little short-changed when it comes to eating out, but more choices are beginning to surface By Jaime Ee jaime@sph.com.sg IT’S official. Singaporeans are getting fatter, and there’s no sign of reversingREAL FOOD CAFE PHOTOS BY YEN MENG JIIN - 1,033 words
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Article, Illustration610 2010-11-20 2/3 Cheah Ui-Hoon - 44 Rochester Park Z6778-0246 Operating hours: 8.30am- 9.30pm, Tues- Sun Cafe 308 Verita Advanced Wellness Centre Phoenix Park Operating hours: 8am-10pm, Tues to Sun By Cheah Ui-Hoon uihoon@sph.com.sg IF SHE had gone into this business of healthy food five years ago, it wouldn’t have survived, reckons owner/chef Rosalind610 words
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Article, Illustration527 2010-11-20 4 Jaime Ee - 7 Purvis Street Z6333-9901 By Jaime Ee jaime@sph.com.sg NOTHING says healthy like a piping hot bowl of double-boiled soup, but at the same time nothing says “scary dried scorpion place” like a herbal restaurant that displays a glass jar of them right on the cashier’s counter. Those were527 words
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Article, Illustration436 2010-11-20 4 Audrey Phoon - Amara Sanctuary Resort Sentosa 1 Larkhill Road Z6825-3866 By Audrey Phoon aphoon@sph.com.sg THE latest culinary addition to Amara Sanctuary Resort Sentosa goes right to the root of healthful dining: it’s a garden dedicated to the cultivation of herbs, vegetables and fruit. Started about two months ago, it’s made upSHUTTERS PHOTOS BY YEN MENG JIIN - 436 words
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Article, Illustration1933 2010-11-20 5 Melissa Lwee - Being busy is no reason not to eat healthily. Three new health food delivery services ensure that you meet your daily nutritional requirements at your office or home. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg APTIMA Foods www.aptima-nsc.com THINK of meals on wheels but the healthy1,933 words
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STYLE
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Article, Illustration949 2010-11-20 8 Kate Singleton - Striking a balance between style and comfort, three women fashion shoewear using traditional techniques revisited with creative flair. By Kate Singleton By Kate Singleton THE women of Venice have always paid particular attention to shoes. Granted, in a pedestrian city given to seasonal flooding, comfort and practicality949 words
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TRAVEL
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Article, Illustration797 2010-11-20 9 Zofia Smardz - In the city that never sleeps a 60-room hotel offers respite. By Zofia Smardz By Zofia Smardz LAT-WP HERE’S a hotel with the perfect name: the Desmond Tutu Center. After all, South African bishop Desmond Tutu is all about peace (Nobel Peace Prize winner, you’ll recall).LAT-WP - 797 words
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HOME & GARDEN
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Article, Illustration1176 2010-11-20 10 / 11 Melissa Lwee - Musical instruments and memorabilia take pride of place in the home of Uwe and Sharon Mueller, who occasionally host house concerts featuring up and coming performers from around the world. By Melissa Lwee personal space| By Melissa Lwee mellwee@sph.com.sg IT IS often said that a familyPHOTOS BY YEN MENG JIIN - 1,176 words
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GADGETS
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Article, Illustration953 2010-11-20 12 / 13 Christopher Lim - Scitex 2010 is the last guns-blazing gizmo showcase of the year, and just the place to find something for those who have been naughty or nice. By Christopher Lim By Christopher Lim The last big gadget retail show of the year runs from Thursday to Sunday at Singapore953 words
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HEALTH
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Article, Illustration1538 2010-11-20 14 / 15 Cheah Ui-Hoon - The newly opened Verita Advanced Wellness Centre at Phoenix Park brings a wide range of complementary and alternative wellness therapies under one roof. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg Verita Advanced Wellness Centre 308 Tanglin Road Phoenix Park Z6737-2377 www.veritaadvancedwellness.com WITH the opening of a 23,000 sq1,538 words
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Article760 2010-11-20 14 / 15 wine dine with BTWeekend Bar on 5 Level 5 Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage760 words
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SPORT
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Article, Illustration581 2010-11-20 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IT’SnotoftenthatIrunoutofsuper-latives to describe a sporting achievement. Offthetopofmyhead,ManchesterUnited’s come-from-behindvic-tory in the dying minutes to defeat Bayern Munich in the 1999 European Cup final ranks among the best. Thenthere’sLosAngelesLakersbasketball superstar Kobe Bryant’s stunning 81-point effort against the TorontoAP - 581 words
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621 2010-11-20 16 Jason de la Pena - pitch report with Jason de la Pena Jason de la Pena ASTROKE of genius that’s what I call it. With just a week until that first ball of the first test in Brisbane is bowled the Andys of Flower and Strauss took the621 words
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GOLF
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Article, Illustration1291 2010-11-20 17 Justine Moss - Two former top pros have remained very much involved in golf despite having retired. By Justine Moss By Justine Moss btnews@sph.com.sg ATsomepointinaprofessionalath-lete’s career comes a time when due to burnout, injury, age or some other compelling reason retirement rears its head. When Annika Sorenstam hung up1,291 words
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MOTORING
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Article, Illustration534 2010-11-20 18 CY Chew - Southern California is the place to look for design and buying trends. By CY Chew By CY Chew btnews@sph.com.sg WHILE China may be the biggest market for car manufacturers, Southern California is where car enthusiasts look to for design and buying trends. Some highlights of the534 words
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Article, Illustration336 2010-11-20 18 Samuel Ee - By Samuel Ee samuelee@sph.com.sg gemsdriving Ferrari’s fastest FERRARI’S fas-test-ever road car hasarrivedandonly a handful of units will be made available here. The limited edition Ferrari 599 GTO is based on the platform of the production 599 GTB but modified so that it is actually a street-legal version of336 words
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Article, Illustration595 2010-11-20 19 Samuel Ee - Despite a smaller unit powering only one axle, it is difficult to see or feel the difference between the LexusRX270 and its brothers if you’re not driving like a fugitive. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHATEVER your opinion of sport-utility vehicles and their impact on the595 words
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Article, Illustration644 2010-11-20 20 Samuel Ee - Big and fast, the Audi A8 is geared to make an impact at the top end of the limousine market. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FEW brands have made such an impact in recent times as Audi. Thanks to a marketing blitz and a644 words
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Page 7 Advertisements
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Advertisement847 2010-11-20 7 Paradise Pavilion #02-01, Marina Bay Financial Centre (Ground Plaza) Z 6509-9308 Lunch: (Mon-Fri) 11.30am to 3pm Last order at 2.30pm; (Sat/Sun/PH)11am to 4pm Last order at 3.30pm Tea: (Mon-Fri) 3pm to 5pm Dinner: (Daily) 6pm to 11pm Last order at 10pm ADVERTORIAL A slice of paradise Enjoy fine Chinese cuisine847 words
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