The Business Times, 3 August 2012
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2012-08-03
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The Business Times
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Title Section25 2012-08-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E Friday, August 3, 2012G MICA (P) 120/08/201125 words
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1207 2012-08-03 1 KALPANA RASHIWALA - Sales numbers hide the fact that units are now smaller and mainly in the suburbs By KALPANA RASHIWALA [SINGAPORE] When you read about units being snapped up at a record pace, you might think that the property market is sizzling. But buried1,207 words
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582 2012-08-03 1 EMILYN YAP - Trading of F&N, APB shares suspended before offer D-Day By EMILYN YAP [SINGAPORE] Shares in Fraser and Neave (F&N) and its unit Asia Pacific Breweries (APB) were suspended from trading yesterday, before a potential decision by F&N today on whether it582 words
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MARKETS DIGEST
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Article65 2012-08-03 1 HST INDEX 3,036.19 (-14.89) HST INDEX FUTURES 3,009.00 (-15.00) HSIMSCI 350.26 (-1.38) HSIMSCI FUTURES 348.80 (-1.10) US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.554 1.936 EURO (US$/S$/€) 1.226 1.528 Foreign currency per US$ S$ YEN 78.50 63.00 RM 3.128 2.510 HK$ 7.755 6.222 BAHT 31.53 25.29 RUPIAH65 words
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Article47 2012-08-03 1 Thursday Change KL COMP 1,633.45 +0.98 NIKKEI 225 8,653.18 +11.33 HANG SENG 19,690.20 -130.18 SET INDEX closed JAKARTA COMP 4,093.11 -37.35 MANILA COMP 5,293.40 -5.32 SEOUL COMP 1,869.40 -10.53 SHENZHEN B 571.17 -1.91 MUMBAI IND 17,224.30 -33.02 12noon EDT Change DOW 12,829.69 -141.37 NASDAQ 2,901.30 -18.9147 words
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Article18 2012-08-03 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.576 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg18 words
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Advertisement98 2012-08-03 1 EXEC LIFESTYLE Zooming in on S’pore directors PAGE 34 CORPORATE RESULTS OCBC Q2 profit rises 12% PAGE 5 FIBRE NETWORK OpenNet appeals against tighter deadlines PAGE 4 THE ROAD LESS TRAVELLED Breathing life into a community PAGE40 WATERFRONT HOUSING BRIDGES PAST AND PRESENT I PAGE 20 Plus a special BT98 words
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TOP STORIES
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Article, Illustration710 2012-08-03 2 Move disappoints investors seeking explicit measures to stimulate economy Reuters AFP [FRANKFURT] The European Central Bank (ECB) will gear up to buy Italian and Spanish bonds on the open market but would act only after eurozone governments have activated bailout funds to doReuters; AFP; REUTERS - 710 words
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513 2012-08-03 2 ANDREA SOH - Republic topped only by US, E&Y-Cass poll shows By ANDREA SOH [SINGAPORE] The Republic is the second most attractive place in the world to conduct mergers and acquisitions (M&A), ranking only behind the US, a survey released yesterday showed. And in an indication513 words
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598 2012-08-03 2 Reuters [WASHINGTON] The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signalled more strongly that further bond buying could be in store to help a US economic recovery that it said had lost momentum this year.Reuters - 598 words
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449 2012-08-03 2 LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories unexpectedly declined in June, reflecting less demand for business equipment and the biggest decrease in bookings for non-durable goods in more than three years. The 0.5 per cent drop in bookings followedBloomberg - 449 words
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Article505 2012-08-03 2 Busting the myth of a hot property market WHEN you read about units being snapped up at a record pace, you might think that the property market is sizzling. But buried beneath the headline numbers, two distinct trends appear to puncture this myth. Not only is the average505 words
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Article, Illustration645 2012-08-03 4 VICTORIA HO - New decision is rewriting of original contract, says ‘disappointed’ firm By VICTORIA HO [SINGAPORE] OpenNet is appealing against the government’s decision to impose a minimum timeframe on its installation of the national fibre network. The Infocomm Development Authority (IDA) said yesterday that from JanYEN MENG JIIN - 645 words
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337 2012-08-03 4 MICHELLE TAN - By MICHELLE TAN [SINGAPORE] Home buyers can now enjoy immediate approval for their housing loans with United Overseas Bank’s latest offering, the Split-Second Home Loan approval service. Officially launched yesterday, the service (which is linked to the Credit Bureau of Singapore and UOB’s credit337 words
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309 2012-08-03 4 Reuters [SHANGHAI] China’s securities regulator stepped up efforts to restore confidence in the country’s sagging equities markets yesterday, making another round of cuts to transaction fees and encouraging companies to buy back their own stock. The China Securities Regulatory Commission (CSRC)Reuters - 309 words
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Advertisement74 2012-08-03 2 W* Knight Frank Estate Agent Licence No. L*****36J FOR SALE BY TENDER 18 MT ELIZABETH SURER PRIME REDEVELOPMENT OPPORTUNITY SSZW SUBJECT SITE 0 ■H.°mers et 1 Freehold; Residential, GPR 2.8 1 Land area -1,672 sq m 1 Approved GFA 4,913.374 sq m TENDER CLOSES ON 14 AUGUST 2012 (TUESDAY), 3.0074 words
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Advertisement169 2012-08-03 3 1 r 1 t r > s s V S f s s V f f AtwoodMako > I Jh n I P I N N "i2 m N a >^- N L^=S Vfc N Atw °°dlV) a nta sv 55 > s N, U H i VI N 7169 words
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Advertisement841 2012-08-03 4 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and841 words
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Advertisement132 2012-08-03 5 WATCH THE WORLD WATCH YOU. r THE NEW ASTON MARTIN V8 VANTAGE HAS ARRIVED. ASTON MARTIN So have you. An understated union of performance, luxury and grace, the V8 Vantage is a bespoke handcrafted sports car of the highest order. Featuring a raft of subtle yet effective performance enhancements for132 words
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COMPANY NEWS
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503 2012-08-03 5 TEH SHI NING - By TEH SHI NING STANDARD Chartered Bank Singapore’s first-half pre-tax profit rose 17 per cent to US$546 million from a year ago, largely due to robust wholesale banking earnings. This seventh consecutive rise in H1 profits came as H1 revenues for the503 words
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500 2012-08-03 5 LYNN KAN - By LYNN KAN SEMBCORP Marine turned in second-quarter net profit of $142.8 million, down 4.6 per cent from $149.7 million in the same period last year, due to lower operating profit from rig-building projects. Its earnings underperformed the estimate of $162.7 million from500 words
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Article, Illustration633 2012-08-03 5 EMILYN YAP - First-half hits record $1.48b, but CEO warns of slower loan growth and narrower margins By EMILYN YAP OCBC Bank’s second-quarter net profit rose 12 per cent year-on-year to $648 million on the back of higher net interest income, fee earnings, trading revenues and lowerBLOOMBERG - 633 words
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688 2012-08-03 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY ON Tuesday the Singapore Exchange (SGX) announced an ambitious drive to engage retail investors by educating them on the long-term advantages of equity investing as part of retirement planning. If it’s properly executed, the benefits of such a688 words
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590 2012-08-03 6 LEE MEI XIAN - By LEE MEI XIAN PARKWAY Life Real Estate Investment Trust (PLife Reit) has posted a sec-ond-quarter distribution per unit of 2.48 cents, up 4.6 per cent from 2.37 cents a year earlier. The distribution, payable on Sept 6, translates to an annualised590 words
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Article, Illustration504 2012-08-03 6 KENNETH LIM - By KENNETH LIM PROPERTY developer Fragrance Group posted a decline in second-quarter net profit as wage costs at new hotels dragged down quarterly profit for newly listed subsidiary Global Premium Hotels 43.7 per cent. Fragrance said net profit attributable to shareholdersFILE PHOTO - 504 words
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Article, Illustration526 2012-08-03 6 ANDREA SOH - Rules mustn’t deter foreign companies seeking listing here By ANDREA SOH SOME of the proposals that have been put forward to protect retail investors of troubled firms would be difficult to enforce, industry experts said yesterday. They also cautioned that it526 words
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396 2012-08-03 6 JAMIE LEE - By JAMIE LEE LIPPO Malls Indonesia Retail (LMIR) Trust posted a 44.3 per cent jump in distributable income for the fiscal second quarter yesterday, boosted by contributions from two retail malls that were acquired at the end of last year. But this396 words
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Article, Illustration413 2012-08-03 10 Its finances and fundamentals don’t justify its premium valuation REUTERS BREAKINGVIEWS Reuters [NEW YORK] Manchester United is counting on investors to behave like soccer fanatics. The English club’s committed supporters expect nothing short of greatness, an ethos that carries through toReuters - 413 words
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Article, Illustration467 2012-08-03 10 TEO SI JIA - By TEO SI JIA WATER solutions company Hyflux recorded a 21 per cent increase in net profit to $17.51 million for the second quarter ended June 30 from the previous year on greater contributions from its Asian markets. Earnings attributable toFILE PHOTO - 467 words
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221 2012-08-03 10 KENNETH LIM - PhillipCapitalbroadens reach abroad By KENNETH LIM PHILLIPCAPITAL is taking advantage of global uncertainty to grow its overseas presence, managing director Loh Hoon Sun said yesterday. His comments came as the brokerage announced that it had expanded into Cambodia, India and Dubai, bringing its global footprint to 16 countries. “Phillip is221 words
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422 2012-08-03 10 CAI HAOXIANG - This will improve communication between parties By CAI HAOXIANG EXTERNAL auditors should be more candid in their official assessments rather than giving template statements, said a report on audit effectiveness. This will improve communication between auditors and directors and shareholders, directors noted in422 words
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Article305 2012-08-03 10 JASMINE NG - By JASMINE NG CHINA Aviation Oil Singapore (CAO) recorded a 25.2 per cent year-on-year fall in second quarter net profit to US$14.39 million, despite higher trading volumes sending its Q2 revenue up 50.3 per cent to US$3.71 billion. This was mainly due to lower contribution305 words
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Article297 2012-08-03 10 ANGELA TENG - By ANGELA TENG COMFORTDELGRO has embarked on an A$53 million acquisition in Australia, a move that will cement its Australian subsidiary’s position as the largest private bus operator in the country with a total fleet of more than 1,500 buses. The Singapore-head-quartered land transport group which297 words
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COMPANY BRIEFS
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137 2012-08-03 10 UNITED Overseas Insurance posted a 40.5 per cent year-on-year increase in net profit to $10.04 million for the second quarter ended June 30. Gross premiums written increased 20.1 per cent to $34.2 million and net earned premiums increased 56.8 per cent to $13.40137 words
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73 2012-08-03 10 MILLENNIUM Copthorne Hotels’ headline profit rose 31 per cent in the first half, helped by stronger growth in Asia, but the hotelier said it was seeing a slowdown in some hospitality markets as a result of the eurozone crisis. The group said headline pre-tax73 words
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62 2012-08-03 10 ROXY-PACIFIC Holdings’ net profit rose 8 per cent year on year to $17.73 million for its 2012 second quarter from a restated $16.49 million. Revenue grew 13 per cent to $52.72 million, attributed to gains in the property development and hotel ownership segments.62 words
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84 2012-08-03 10 BBR Holdings reported a 37.1 per cent year-on-year decrease in earnings to $2.92 million for the second quarter ended June 30. Turnover decreased 53.4 per cent to $59.11 million due mainly to decreased revenue recognised from general construction projects, and partially84 words
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98 2012-08-03 10 EZION Holdings yesterday said it has been awarded a third contract, worth US$71 million, to provide full logistics and support services activities for the haulage of equipment and modules for the development of LNG facilities on Curtis Island in Queensland, Australia. The contract98 words
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Advertisement67 2012-08-03 6 sq ft Land JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K Wh»n You Buy. Soil, or Rent THE STRAITS TIMES SUBSCRIPTION PLEASURES Subscribe Now And Get This Or Other OTO Gifts! 6) A oro67 words
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Advertisement111 2012-08-03 6 AUTHORISED AND SOLE MARKETING AGENT AA CENTRE, 336 RIVER VALLEY ROAD FREEHOLD MIXED DEVELOPMENT (LEVEL 1 to 6) I Car Park: About 90 lots located in basement levels for common use Possible to explore change of use for full serviced apartment, SOHO development or other community use (subject to relevant111 words
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Advertisement399 2012-08-03 7 Enjoy a position oj van tage come what may Wherever life takes you, you can still have the upper hand. That's why we developed PRUCrisis Cover Vantage to supplement the PRUVantage suite of Wealth Management Products. As one of the market leaders in critical illness protection. Prudential is the first399 words
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SINGAPORE MARKETS
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Article, Illustration602 2012-08-03 8 R SIVANITHY - STI drops 14.89 points to 3,036.19 in low volume; Hongkong Land again plays key role in index’s movements STOCKS R SIVANITHY Senior Correspondent After rising 53 points between Monday and Wednesday, the Straits Times Index (STI) yesterday dropped 14.89 points to 3,036.19 in low volume.Source: Bloomberg - 602 words
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Article186 2012-08-03 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 7 0 0 0 2 7 7 Manufacturing 41 49 37 6 2 10 47 51 47 Commerce 20 21 19 2 3 5 22 24 24 Tpt/Stor/Comms 13 16 11186 words
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Article123 2012-08-03 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,481 8,481 45,338 45,338 Manufacturing 251,375 124,113 375,488 176,392 1,572 177,964 Commerce 176,345 4,171 180,516 82,824 259 83,083 Tpt/Stor/Comms 69,982 22,680 92,662 137,696 5,629 143,324 Finance 19,657 509 20,166 130,419 205 130,624 Construction 57,533 4,432123 words
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Article111 2012-08-03 8 Stock name Close Change CapMallsAsia 1.650 +0.010 CapitaLand 3.050 +0.010 CapitaMall 1.970 -0.015 CityDev 11.680 -0.010 ComfortDelGro 1.690 +0.010 DBS Grp 14.690 -0.120 F&N 8.150 GLP 2.290 -0.040 Genting SP 1.295 +0.005 Golden Agri 0.725 +0.005 HK Land 6.170 -0.330 JMH 51.600 -0.140 JSH 31.870 +0.380111 words
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Article66 2012-08-03 8 Aug 2 VALUE CLOSE BT OB/OS -195.00 -74.00 BT CADI -*****.00 -35.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 698.69 -0.84 FTSE ST Small Cap 458.34 +0.63 FTSE ST All Share 733.48 -2.92 FTSE ST China Top 201.55 -1.69 FTSE ST China 222.08 -4.45 FTSE66 words
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Article58 2012-08-03 8 VOLUME CPH 89,222,000 TT Intl 52,419,000 Golden Agri 50,118,000 Thai Beverage 42,466,000 NexGenSCom 33,958,000 Sakari 32,743,000 Yangzijiang 32,631,000 GSH Corp 30,758,000 Genting SP 22,077,000 HLH Grp 21,392,000 VALUE($) SingTel 69,727,021 OCBC Bk 53,427,730 Sakari 45,473,335 HK Land 39,521,887 DBS Grp 38,508,643 Golden Agri 36,416,985 Yangzijiang 32,061,332 UOB58 words
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Article, Illustration871 2012-08-03 8 CONRAD TAN - Compiled by CONRAD TAN CapitaLand Aug 2 close: $3.05 OCBC INVESTMENT RESEARCH, Aug 2 CAPITALAND announced Q2 2012 net profit of $385.9 million down 3.3 per cent y-o-y. Adjusting for revaluations and impairments, we estimate core net profit at $179.5 million, which is broadly in line with expectations.Source: Bloomberg - 871 words
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Article, Illustration463 2012-08-03 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell after US policy makers refrained from adding stimulus to spur growth, a move that may have prompted money managers to invest more in emerg-ing-market assets. Malaysia’s ringgit snapped a six-day rally, India’s rupee declined the most in moreBloomberg; AFP - 463 words
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Article108 2012-08-03 8 BY CENTS CLOSE UP CerebosPac 653 115.0 21.4 DBXT Nifty 10US$ 9640 94.7 0.8 DBXT MSEurope 10US$ 4162 79.8 1.6 DBXT SPASX200 10US$ 3402 68.5 1.6 JSH 3187 47.4 1.2 DBXT FTVietnam 10US$ 2298 34.9 1.2 Lyxor Asia EX 10US$ 402 33.7 7.2 Isetan 490 33.0 7.2 DBXT E50108 words
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Article124 2012-08-03 8 BY CENTS CLOSE DOWN Pru 500US$ 1000 -186.9 -13.0 GLD 10US$ ***** -130.9 -0.7 HK Land 617 -41.1 -5.1 OCBC Bk 4.5%NCPS 100 ***** -40.0 -0.4 Lyxor China H 10US$ 1260 -22.4 -1.4 JMH 5160 -17.5 -0.3 UOB 5.05%NCPS 100 ***** -15.0 -0.1 OCBC Bk 944 -14.0 -1.5 DBXT124 words
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Advertisement76 2012-08-03 9 A day in the world ofZILLI a Si a r&.rz VI c .X A 5 r ■t:.' Mi i w& m :<:< :'--v mmm mi f J r 5£ s V J r *-Jk f > J X V// i -s. I /Si s r/ p A 5 NOW OPEN76 words
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Advertisement971 2012-08-03 10 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TERACOTT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****5996G) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act971 words
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Advertisement228 2012-08-03 10 In the matter of the Companies Act, Cap 50 And In the Matter of (I) Wealth Management Consulting Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****0203Z) (II) Matric Holdings Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****0198N) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to228 words
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SINGAPORE NEWS
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Article, Illustration613 2012-08-03 11 RONNIE LIM - With current global uncertainties, Evonik is banking on Asian markets By RONNIE LIM GERMANY’S Evonik Industries which just broke ground yesterday on Jurong Island for its 500 mil-lion-plus euro (S$768 mil-lion-plus) animal feed nutrients plant is going ahead to build another 250REUTERS - 613 words
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697 2012-08-03 11 GRACE LEONG - By GRACE LEONG SMILE Inc Dental Surgeons has lost its appeal against a High Court ruling that had thrown out its breach of employment contract lawsuit against a former employee who had opened his own clinic nearby. In a judgment released yesterday,697 words
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461 2012-08-03 12 LEE U-WEN - He also says Asean must show it is able to reach consensus on sensitive issues By LEE U-WEN THE failure of Asean’s foreign ministers to issue its customary joint statement at the close of their annual meeting last month has “dealt461 words
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147 2012-08-03 12 A SCAFFOLDING and part of the multi-storey car park of the former UIC Building along Shenton Way collapsed at around 4.30 pm yesterday. The building, which is disused and undergoing demolition, is opposite the DBS Building. An excavator was also147 words
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Article, Illustration431 2012-08-03 12 JASMINE NG - By JASMINE NG CHATEAU Eliza, a freehold residential re-development site along Mount Elizabeth, is back on the market after three failed collective sale attempts. This time, the owners are looking to lower the current reserve price of $108 million further, said marketing agent431 words
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Article229 2012-08-03 12 LEE U-WEN - By LEE U-WEN DBS Group Holdings has appointed one of its chief operating officers, Derrick Goh, as the new head of POSB from Oct 1 this year. He will take over the post from current POSB chief Koh Kar Siong, who in turn229 words
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529 2012-08-03 12 KENNETH FOO - By KENNETH FOO HEALTHCARE professionals and medical device importers will pay lower fees for unregistered devices brought in under a scheme to fulfil unmet medical needs. The Health Sciences Authority (HSA) announced yesterday that charges for importing medical devices under the Special Authorisation Routes529 words
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Advertisement293 2012-08-03 12 0 grits r im I* j M Vj4> AVAILABLE FROM 24 AUGUST TO 30 SEPTEMBER 2012 OVER THE MOON WITH MANDARIN COURT'S MOONCAKES This Mid-Autumn Festival, revel in the specialty selection of exquisite mooncakes at the award-winning Mandarin Court Chinese Restaurant of the Mandarin Orchard. Especially created by Executive Chinese293 words
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ECONOMY WATCH
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659 2012-08-03 13 Wednesday’s fiasco traced to Jersey City-based trading firm Knight Capital The Washington Post [NEW YORK] Trading glitches on Wednesday morning threw stock exchanges into a tizzy, the latest in a series of problems that have raised fundamental questions about the integrityThe Washington Post - 659 words
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359 2012-08-03 13 Reuters [SYDNEY] Australia’s office vacancy rate dropped to a three-year low in July, with experts seeing limited supply driving rental growth and growing competition among investors bringing down yields in coming years. The office vacancy rate tightened to 7.8 per cent inReuters - 359 words
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347 2012-08-03 13 Bloomberg [SYDNEY] Australia unexpectedly recorded a trade surplus in June as fuel imports declined and shipments abroad stagnated. The local currency rose as a separate report showed stronger retail sales. Exports outpaced imports by A$9 million (S$11.8 million), from a revised A$313 millionBloomberg - 347 words
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Advertisement206 2012-08-03 13 47 ft OMC PREVENTIVE MUTBmOM' Coenzyme Q-10 Off Star Buys f GNC Alpha Lipoic Acid 100 OSOFTGEL CAPSULES Usual: $172.95 NOW $91.70 Usual: $29.95 NOW $15. Don t Miss It 6281 5688 or 6757 4403 www.gnc.com.sg L I V E WELL ANNIVERSARY 2002 2012 SZd i m Audit S C206 words
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MALAYS IA/IN DON ESI A
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Article, Illustration870 2012-08-03 14 But pace of credit growth triggers warning flags for some countries Reuters [KUALA LUMPUR] Young Malaysians already in debt from college are buying smartphones on credit, low-income Indonesians are going into debt to buy motorbikes and Filipino couples are being helpedReuters; FILE PHOTO - 870 words
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629 2012-08-03 14 S JAYASANKARAN - Regulator to ensure AirAsia’s market share isn’t too much By S JAYASANKARAN in Kuala Lumpur MALAYSIAN budget carrier AirAsia’s Indonesian business partner PT Fersindo Nusaperkasa has said it will comply with all domestic aviation rules concerning the low-cost airline’s recent acquisition of Batavia629 words
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457 2012-08-03 14 PAULINE NG - By PAULINE NG in Kuala Lumpur SHARES of Lafarge Malayan Cement, the country’s largest cement maker, rose 4 per cent yesterday after it raised prices by 6 per cent on Wednesday, in a move developers have slammed as unreasonable. The Master Builders457 words
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Article, Illustration342 2012-08-03 14 [JOHOR BARU] Iskandar Regional Development Authority (Irda) is looking at having more theme parks in Iskandar Malaysia. Chief executive officer Ismail Ibrahim said the development of the new theme parks could be at other zones in Iskandar and not necessarily in Nusajaya. “It will beIRDA - 342 words
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Advertisement962 2012-08-03 14 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MCS CASHMERE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****8567D) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50)962 words
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Advertisement196 2012-08-03 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PPEM PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****4816K NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company will196 words
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GREATER CHINA/INDIA
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633 2012-08-03 15 Retail sales grew 13.7% in June, the slowest pace since February last year Bloomberg [HONG KONG] For years, China’s increasing affluence fuelled surging sales for consumer companies. That boom is waning as slower spending translates into inventory overloads, discounting, andBloomberg - 633 words
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Article, Illustration574 2012-08-03 15 Bloomberg [MILAN] China Railway Construction Corp agreed to buy a 15 per cent stake in Inter Milan from the Moratti family, valuing the Italian football club at 500 million euros (S$768 million), according to two people familiar with the talks. The transactionBloomberg; AP - 574 words
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297 2012-08-03 15 AP [GHAZIABAD, India] Work making potato chip display racks at Jayraj Kumar’s factory barely paused when much of India’s power grid collapsed. The backup generators kicked in automatically and the electric saws, presses, and welding machines kept running, just like they doAP - 297 words
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Advertisement276 2012-08-03 15 AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 12 Make The Right Branding LAST CALL FOR ENTRIES! DEADLINE 13 August, 12 noon tm HP Move With SPBA In today’s uncertain marketplace, successful brand-building is about making game-changing moves driven by far-sighted planning and well-timed opportunities. Does your Brand have the276 words
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WORLD
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943 2012-08-03 16 Critics allege huge tax avoidance scheme, call for closing of loopholes AFP [WASHINGTON] Apple has more than US$81 billion parked overseas. Microsoft has US$54 billion, Google US$43 billion and Cisco US$42 billion. Being flush with cash is a good thing,AFP - 943 words
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Article, Illustration349 2012-08-03 16 Reuters [MELBOURNE] Australia’s competition regulator said that it would not oppose a US$2.1 billion bid by Rupert Murdoch’s News Corp for pay-TV stakeholder Consolidated Media Holdings, clearing the way for billionaire James Packer’s exit from media as he pursues gaming. The nod forReuters - 349 words
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Article, Illustration624 2012-08-03 16 NYT [NEW YORK] A federal jury awarded US$1 billion in damages to the crop biotechnology leader Monsanto on Wednesday, saying that its archrival DuPont had willfully infringed a patent covering Roundup Ready soybeans. The eight-person jury, in US District Court in St Louis,NYT; BLOOMBERG - 624 words
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Article, Illustration632 2012-08-03 16 NYT [SAN FRANCISCO] Facebook shares fell nearly 4 per cent on Wednesday to US$20.88 nearly half of what they were worth when the company went public on May 17. It has been a tough week for Facebook. Last Thursday, the company’s shares declined 8.5NYT; AFP - 632 words
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Article, Illustration780 2012-08-03 17 Low auto demand could cost over 500K jobs as carmakers seek to stop losses Bloomberg [STOCKHOLM] Efforts by PSA Peugeot Citroen and Fiat SpA to end losses in Europe could cost more than 500,000 people their jobs as automakers and parts suppliers grappleBloomberg; AFP - 780 words
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544 2012-08-03 17 Staff transferred to HK, S’pore in bid to reduce expenses Bloomberg [TOKYO] Goldman Sachs Group Inc led foreign banks in accelerating job cuts at their Japanese brokerages last fiscal year as employees relocated to other Asian financial centres and firms trimmed costsBloomberg - 544 words
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Article, Illustration656 2012-08-03 17 Bloomberg [DUBAI] US-led sanctions against Iran are costing Opec’s third-largest producer US$133 million a day in lost sales without raising global crude prices, handing US President Barack Obama an election-year for-eign-policy victory. Shipments from Iran have plunged 1.2 million barrels per dayBloomberg - 656 words
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464 2012-08-03 17 Bloomberg [TORONTO] Some of Canada’s biggest financial institutions gained ownership of the country’s main stock exchanges, derivatives bourse and securities clearing house after sealing a C$3.73 billion (S$4.6 billion) takeover of the Toronto Stock Exchange owner. Maple Group Acquisition Corp, whose 12 members includeBloomberg - 464 words
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Article, Illustration575 2012-08-03 17 Reuters [TOKYO] Sony slashed its forecast for 2012/13 operating profit, while rival Sharp announced its first job cuts in over 60 years; as Japan’s electronics industry continues to struggle under a strong yen, foreign competition and the lingering eurozone crisis. Sony alsoReuters; REUTERS - 575 words
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Page 16 Advertisements
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Advertisement28 2012-08-03 16 AYURVEDA ARRIVES Traditional Indian health treatments gain popularity in Singapore INTEGRATING OVER GOLF, FASHION, MUSIC AND FOOD GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST28 words
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Advertisement9 2012-08-03 16 (:2=5!1>-8< *274 %;:2-<-.969>4 0-//:2= ,5=5":2A PUBLICATION OF ICON V,9 words
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LONDON OLYMPICS 2012
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Article, Illustration455 2012-08-03 18 LEE U-WEN - His time of 53.63 seconds is nearly half a second off his personal best and national record of 53.18 seconds By LEE U-WEN [SINGAPORE] Joseph Schooling’s maiden Olympic outing ended yesterday as he failed to make the cut for the men’s 100m butterflyREUTERS - 455 words
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Article, Illustration546 2012-08-03 18 Two of its players sent home for throwing a match AFP AP Reuters [JAKARTA] Indonesia yesterday called for Olympic organisers to review the format of the badminton competition after two of its players were disqualified for throwing a match. Greysia Polii and her partner MeilianaAFP; AP; Reuters - 546 words
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763 2012-08-03 18 Wild and wacky themes at national hospitality houses AP [LONDON] Russia wants to knock your socks off. Denmark is stylish and sophisticated. Ireland is up for a party on a budget. There are more than 200 countries at the Olympics, and they haveAP - 763 words
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Article, Illustration459 2012-08-03 18 While Aussie rower Booth lands up in hospital after binge AP [LONDON] They were the two sides of the games the drinking games. As Australian rower Josh Booth was detained by police and hospitalised after overindulging, British cyclist Bradley Wiggins was celebrating OlympicAP - 459 words
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Page 19 Advertisements
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Advertisement149 2012-08-03 19 PLEASURES “I enjoy more rewards and benef its by paying my subscr i pt ion direct l y t o SP H.” “Subscr i bing t o Straits Times (S T Pr int O n l ine and Mobile packages br ings me wonder ful gifts.” Sure-GetGiftswithanySubscriptionPackage forAll-in-OnePackagesSpecialBuy inSensationalDrawWinPrizes whenyousignupforanysubscriptionpackage.149 words
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PROPERTY
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Article, Illustration1128 2012-08-03 20 WANG XIN MIN - Such spaces also provide citizens with opportunities to experience nature amid an urban landscape, says WANG XIN MIN WANG XIN MIN [SINGAPORE] WHILE the Singapore River is often recognised as a symbol of Singapore's transformation from Third World to First, embodying both itsKEPPEL - 1,128 words
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626 2012-08-03 22 Linking up with local artists, hotels turn public spaces, rooms into mini-galleries AP [DALLAS] Hotel rooms are no longer just a place to shower, sleep or maybe indulge in a breakfast in bed. They’re now also spots to pick up a souvenir andAP - 626 words
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Article, Illustration733 2012-08-03 22 Henry Sy’s firm to spend 63b pesos in next 3 years to add 18 shopping centres Bloomberg [MANILA] Philippine billionaire Henry Sy’s shopping mall developer is planning to spend 63 billion pesos (S$1.9 billion) in the next three years to add as many asBloomberg; AP FILE PHOTO - 733 words
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132 2012-08-03 22 AP [NEW YORK] An octagon-shaped penthouse in midtown Manhattan is on the market for US$100 million. The 8,000 square foot apartment features six bedrooms, nine bathrooms and a wraparound terrace with 350-degree views of the city. It has an internal elevator and a wine roomAP - 132 words
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242 2012-08-03 24 Packer’s group considers incorporating a VIP-only gaming facility at resort Bloomberg [SYDNEY] Lend Lease Group, Australia’s biggest property developer, signed an exclusive agreement with billionaire James Packer’s Crown Ltd to build a six-star hotel resort at its Barangaroo South site inBloomberg - 242 words
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Article934 2012-08-03 24 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN JULY 4 AND JULY 10, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED 76 Shenton Apt 04/07/2012 99 592 1120 1892 District 5 NON-LANDED Carabelle Apt934 words
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Page 20 Advertisements
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Advertisement444 2012-08-03 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE SANDY ISLAND Sentosa Sandy Island. Land 8077/7828 sqft. Basement carpark. To view call Anthony Chua 9022 3000 D04 HOUSE FOR SALE SENTOSA COVE Rare Sentosa tropical bungalow. Unblocked sea view, spacious luxury living, 5-room, with pool. Steve Tay444 words
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Advertisement91 2012-08-03 20 D10 HOUSE FOR SALE TENERIFFE Teneriffe townhouse. 3-storey with basement. 3163 sqft, 4+2. Spacious. Quiet. Greenery. Amenities. View: joannehomes.com Jo 8282 1368 D11 HOUSE FOR SALE BINJAI PARK Binjai 11,000/ 8,000 sqft. Modern Luxurious, TOP ’08. Featured in Magazine. Pool. 5-room. JS 9847 2283 D11 HOUSE FOR SALE ONE MOUNT91 words
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Page 21 Advertisements
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Advertisement279 2012-08-03 21 D11 HOUSE FOR SALE WATTEN ESTATE ECG Dynamic Alliance. Watten Estate. Inter-terr 1700/ 3700sqft. $4.xM Good school/ location Timothy Huang 9766 7772 D13 HOUSE FOR SALE BRADDELL HEIGHTS 10,000/ 8,500 sqft Braddell Tropical Bangalow. 7 room. Nice garden, pool, patio. Elevated. Rare plot. Sole Agent Dan Lim 9853 4988 D13279 words
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Advertisement214 2012-08-03 21 D15 HOUSE FOR SALE BROADRICK ROAD Elevated, Broadrick, Detached House with Garden. 5+1 rooms. 4500 5000 sqft. 20m wide frontage! James 9765 2795 D15 HOUSE FOR SALE BUNGALOW Open House Landed Stories Bunglw Goodman, 2-storey attic, 6+1 bdrms (ensuite). Roof Gdn, 16m Swimming Pool. 9230 9575 (Billy Ong) HSR D15214 words
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Advertisement225 2012-08-03 21 D15 HOUSE FOR SALE SEMI-DETACHED Open House Landed Stories Semi-D Toh Estate. 2-storey +attic, 5+1 (Ensuite), S/pool. Double loft Dining. Freehold. 9230 9575 (Billy Ong) HSR D15 HOUSE FOR SALE SIGLAP ECG Dynamic Alliance. Siglap 2-storey Semi-D Freehold. 3000 sqft 4-rms. Original. Off main road. Call now 9226 7772 D15225 words
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Advertisement206 2012-08-03 21 D16 HOUSE FOR SALE JALAN PARI BURONG ECG Dynamic Alliance. Jalan Pari Burong Semi-D 3-storey 2240sqft 5-rm. Face North/ West. Freehold. Call 9226 7772 D16 HOUSE FOR SALE PARBURY ECG Dynamic Alliance 3-storey Terrace Parbury. 6+1 rms. Elevated. Renovated. Amenities. Call SK 9277 7772 D16 HOUSE FOR SALE RIVIERA DRIVE206 words
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Advertisement229 2012-08-03 21 D19 HOUSE FOR SALE B BERWICK DRIVE Open House 1-5pm 76A Berwick Drive. 2.5-sty. Semi-D with Lift Lap Pool. Land 2645/4500sqft. 5+1. Face S.E. Jasmine 8100 0086 SGlanded.net D19 HOUSE FOR SALE CHUAN TERRACE Chuan Terrace. Modern 1800/ 3500 sqft. Quiet. 2 minutes to Chomp Chomp. 99 years. Ask $2.3M.229 words
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Page 22 Advertisements
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Advertisement482 2012-08-03 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements MATS'LL D19 HOUSE FOR SALE SERANGOON GARDENS Serangoon Gardens 2.5-storey Semi-Detached. 2157 3700 sqft. 6+1 ensuite. Rebuilt 6 years. Walk to Park. Call Ben: 8100 0055 SGlanded.net D19 HOUSE FOR SALE SERANGOON GARDENS Serangoon Gardens Bungalow, 5400 sqft, like new, 5 room482 words
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Advertisement114 2012-08-03 22 D23 HOUSE FOR SALE PAVILION CIRCLE ECG Dynamic Alliance. Rare! 3-storey roof terrace. Semi-detached Pavilion. Freehold. Move in cond. S.Bai 9650 7772 D25 HOUSE FOR SALE JALAN BUMBONG Auction 28/8! Semi-D Jalan Bumbong off Woodlands. 2159/ 3230 sqft. Moved-in. Freehold. Asking $2.xM. 9792 2639 DTZ D26 HOUSE FOR SALE SPRINGLEAF114 words
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Page 23 Advertisements
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Advertisement258 2012-08-03 23 D28 HOUSE FOR SALE TAMARIND ECG Dynamic Alliance. Tamarind 2-storey. Semi-d Big Garden. Freehold. 3850 sqft Good buy! Gerald 9366 7772 D28 HOUSE FOR SALE WAK HASSAN DRIVE Wak Hassan. Award Winning Bungalow! 99 years leasehold, Land 4500/ 3000 sqft Designer 3-rm Lap pool. 9818 9433 Serena Yeo D01 APARTMENT258 words
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Advertisement225 2012-08-03 23 D09 APARTMENT FOR SALE CITYVISTA RESIDENCES Don’t you deserve a home that mirrors your achievements? CityVista Res. 5 bdrms Penthse Pool roof terrace. 9160 sqft. Samuel 9815 3223 D09 APARTMENT FOR SALE GRANGE INFINITE Grange Infinite. Freehold. Brand new. 3/4 bedroom Orchard. Exclusive living!!! Best price from $2600 psf. D09225 words
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Advertisement252 2012-08-03 23 D10 APARTMENT FOR SALE LATITUDE Latitude. Immed move -in. Daily 10-6pm. Actual unit. 2-bedroom, 1324sqft, 3x units 3-bedroom, 1927sqft, $4.26M 4-bedroom, 2659 sqft, $5.86M D10 APARTMENT FOR SALE ORANGE GROVE RESIDENCES Urgent! Orange Grove Residences. 2400 sqft 4+1 near Orchard, corp. lease, like landed, balcony face pool. Dream Home! Jasarine252 words
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Advertisement235 2012-08-03 23 D12 APARTMENT FOR SALE NEW PROJECT LAUNCH Apartment for sale. 1-4 rooms. Good locations, Facilities, MRT, supermarkets. Good view! Singaporeans PRs welcome. D12 APARTMENT FOR SALE THE VERVE The Verve 441 sqft 1-room. Lap Pool/ Gym/ Car park. Amenities/ Shopping mall. Ask $750K David 8157 0682 D12 APARTMENT FOR SALE235 words
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Advertisement258 2012-08-03 23 D15 APARTMENT FOR SALE LAGUNA PARK Almost sold! 1615 sqft 3+1 rooms. Priced to sell! Blk B, C Low flr $1.45M; Blk C High flr $1.55M D15 APARTMENT FOR SALE RICH EAST GARDEN Resort living. Mais 2368sqft. F’hold 3+1. Huge balcony. Pool. Access to city/ airport/ amenities/ East Coast Park.258 words
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Page 24 Advertisements
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Advertisement491 2012-08-03 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D16 APARTMENT FOR SALE TANAMERA CREST $6XX psf yet neg for condo facilities. MRT. 1593 sqft. 3+1. Tanamera Crest. 99 yrs. Unblock. Large balcony. Tenanted 4/2013. Victor 9069 8086 D16 APARTMENT FOR SALE Roger Ong 8333 3636 THE BAYSHORE The Bayshore. 2491 words
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Advertisement129 2012-08-03 24 D02 APARTMENT FOR RENT ICON Icon 1119 sqft 2 rooms. High floor. Sea view. Bright. Cosy. Full partial furnished. Full facilities. MRT Amenities. Immediate. Hurry! D04 APARTMENT FOR RENT CARIBBEAN KEPPEL BAY Caribbean Keppel Bay. 2 bedroomds. Fully furnished Bright and Windy. Canal view. Available end August. Near MRT/ eateries.129 words
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Page 25 Advertisements
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Advertisement538 2012-08-03 25 D09 APARTMENT FOR RENT ROBERTSON BLUE 1) Robertson Blue 1688 sqft 3 1 balcony. Reno. 2) Martin 38 #10 floor. 1130 sqft 2 1 balcony. 9475 4785 www.michaelciola.com.sg D10 APARTMENT FOR RENT ARDMORE PARK Ardmore Park 4+1 2885 sqft. High flr. Unblocked greenery view. Partial furnished. Immediate. Also for sale.538 words
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Advertisement265 2012-08-03 25 D11 APARTMENT FOR RENT GLOUCESTER MANSION Gloucester Mansion. Near Newton MRT. City view. High floor. 4+1 bedrooms. 2045 sqft. Call 9189 1488 Hazel Tan D15 APARTMENT FOR RENT TIERRA VUE Rare! Tierra Vue. 2 bedrooms 980 sqft. Spacious. Quiet with privacy. 2 yrs lease partial furnished. Fr 1 August. $4.2K265 words
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Advertisement141 2012-08-03 25 D01 SHOP FOR SALE BOAT QUAY Boat Quay 1452 4500 sqft. 3+ mezzanine. tenanted, 999 years. River front. J&K 9385 0863 D03 FACTORY FOR SALE HENDERSON ROAD Launching soon! Rare! Freehold Industrial. 2121 sqft 4155 sqft. Modern and comprehensive with full facilities. Apple Lin 9685 5000 D08 SHOP FOR SALE141 words
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Advertisement202 2012-08-03 25 D14 SHOP FOR SALE JOO CHIAT ROAD Joo Chiat. Freehold 4-storey commercial. 1456/ 4365 sqft. Foreigners eligible. At valuation. Pat 9639 5098 D15 SHOP FOR SALE EAST COAST ROAD East Coast Road, 2-storey. Freehold shophouse. 3500 sqft. Can be rebuilt to 4-storey. Ask $6M. Good for redevelopment D19 FACTORY FOR202 words
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Advertisement278 2012-08-03 25 D01 SHOP FOR RENT RAFFLES PLACE Low rental. High ceiling commercial space. 3000 to 45,000 sqft. Showroom, office, restaurant. 9877 0555 D02 OFFICE FOR RENT REALTY CENTRE D02 Realty Centre 1300 sqft. 2 lifts. Minutes Tanjong Pagar MRT eateries. Ample parking. Vacant. $5.2K $4 psf neg! D08 OFFICE FOR SALE278 words
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EDITORIAL & OPINION
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Article, Illustration1080 2012-08-03 26 NITIN PANGARKAR - Regionalisation and other such strategies make the brewer an attractive acquisition target By NITIN PANGARKAR The writer is associate professor at the Department of Strategy and Policy, NUS Business School IN recent weeks, many media headlines have been devoted to the competition among multipleBLOOMBERG - 1,080 words
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Article, Illustration770 2012-08-03 26 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT IS an index of fear. Last week, interest rates on 10-year US Treasury bonds fell to 1.4 per cent. This was the lowest on record and less than present or expected inflation (generallyThe Washington Post Writers Group - 770 words
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461 2012-08-03 26 EDITORIAL HARDLY a day goes by in the US presidential campaign without the two leading candidates or their surrogates mentioning China and its alleged efforts to “steal” US jobs and destroy what remains of its manufacturing industries. The strategists behind the re-election campaign of Democratic461 words
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Article, Illustration1454 2012-08-03 27 CHAN SZE YEE, GERMIN ONG - While protecting consumers, it will also reward retailers with product quality strategies, but raise costs for those without By CHAN SZE YEE GERMIN ONG Chan Sze Yee is head of research and Germin Ong is research manager with the Institute of Certified PublicST FILE PHOTO - 1,454 words
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Article, Illustration883 2012-08-03 27 LEON HADAR - No QE3 from the Fed for now maybe later LEON HADAR Washington Correspondent RESISTING pressure from the financial markets and disappointing Obama administration officials and Democrats, the policymakers in the US Federal Reserve have decided not to pursue any dramatic monetary action at its meeting this week. At a time883 words
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385 2012-08-03 27 Tommy Wee - LETTER TO THE EDITOR Tommy Wee President, Insurance and Financial Practitioners Association of Singapore WE refer to your editorial “Financial advisers must put clients first” (BT, July 13). We agree with your newspaper’s assertion that financial advisers (FAs) must align their385 words
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Page 27 Advertisements
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Advertisement103 2012-08-03 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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AVIATION/SHIPPING
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654 2012-08-03 28 They plan to address the greenhouse gas emissions issue within the ICAO Reuters [WASHINGTON] Seventeen countries opposed to an EU law that forces their air carriers to pay for the carbon they emit on flights to and from Europe reaffirmed they want toReuters - 654 words
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Article, Illustration369 2012-08-03 28 Reuters [FRANKFURT] Deutsche Lufthansa posted second quarter operating profit that beat consensus thanks to one-off effects from the restructuring of its troubled Austrian Airlines carrier. Operating profit for the three months through June rose by more than a quarter toReuters; AP - 369 words
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Article, Illustration505 2012-08-03 28 Bloomberg [HONG KONG] Orient Overseas (International) Ltd, operator of Hong Kong’s biggest container line, reported a 33 per cent decline in first-half profit amid rising fuel costs. Net income dropped to US$117 million in the six months to June 30, from US$175 million aBloomberg - 505 words
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Article258 2012-08-03 28 SGX '000 Aug 2 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.23 -0.01 75 Cosco Corp 0.95 -0.02 5007 S$ Ezra Hldgs 1.01 0.01 4199 First Ship Lea 0.15 unch 1087 Freight Links 0.07 unch 300 Grand Banks 0.25 0.02 4216 Jaya Hold Ltd 0.56258 words
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466 2012-08-03 28 EPA says cost of the scheme would come to US$3.2b by 2020 Reuters [WASHINGTON] A longplanned environmental regulation requiring ships to use cleaner, low-sulphur fuel while operating near the North American coast took effect on Wednesday, despite concerns that suppliers mayReuters - 466 words
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661 2012-08-03 28 Bloomberg [MUMBAI] India, the third-biggest buyer of Iranian oil, will offer statebacked insurance to tankers, helping the nation’s biggest sea carrier to resume cargoes from the Persian Gulf nation hit by international trade sanctions. Shipping Corp of India will soon startBloomberg - 661 words
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3437 2012-08-03 29 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE STXPO TBN Antwerp/UK Destination STXPO TBN3,437 words
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Page 28 Advertisements
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Advertisement22 2012-08-03 28 SINGAPORE'S HOTTesr HITS Jt r J'' g yM/ c mi >-• i p HEAR ONet>ff$CT(OM S HOTTEST HITS ON HOT FM 91.3 fv22 words
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Page 29 Advertisements
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Advertisement58 2012-08-03 29 Experienced sh /p maintenanc services wanted Can they find your services here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in58 words
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Advertisement18 2012-08-03 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times18 words
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Page 30 Advertisements
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Advertisement146 2012-08-03 30 TO ADVERTISE IN THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I I 11— UUJIIVI JJ I IIVII J Shipping Times Publicise Your146 words
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SINGAPORE STOCKS
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Article2758 2012-08-03 31 Transaction date: Aug 2 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 132 92.5 AIMSAMPIReit 129.5 unch 154 131 129 129.5 1302,758 words
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Article214 2012-08-03 32 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C’vr214 words
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Article7950 2012-08-03 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.94/ Aberdeen Asset Mat Asia Limited FM local Ccy Bond 0 9503/ European Opportunities 0.997/ Global7,950 words
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Article193 2012-08-03 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 43.5 25.5 Genting HK US$ US33 +0.5 ***** 33.5 32.5 33 33.5 2172.9 Last 220 168 TanChongInt HK200 +3 33 200 200 200 204 4.3 3.5193 words
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Article902 2012-08-03 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126.8 122.2 CIMB APAC Div 100S$D 126.8 126.1 127 103 95.8 CIMB APAC Div 100US$ US99.6 101 101.6 10.5 1278 1246 CIMBASEAN40 100S$D 1278 1285 1294902 words
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FINANCE & COMMODITIES
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Article627 2012-08-03 33 Aug 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8642.89 8705.91 8635.51 Sep12 8640.00 8705.00 8620.00 8625.00 ***** *****2 Dec12 8620.00 8620.00 8595.00 8560.00 20 ***** MSCI TAIWAN INDEX FUTURES SPOT 256.76 257.27 255.41 Aug12 255.20 256.30 254.70 ***** *****0 Sep12 255.40 255.60627 words
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373 2012-08-03 33 In local curr In S$ In US$ dy yr dy yr dy yr Aug 1 Index Change Change Change Change Change Change World Preliminary 883.7 0.1 6.5 0.1 1.5 0.1 5.8 EAFE Preliminary 706.8 0.2 3.6 -0.1 -2.3 -0.1 1.8 Europe Preliminary 1068.5 0.6 4.1373 words
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Article, Illustration137 2012-08-03 33 As on 1 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT OCT2012 1614.20 1597.50 1605.30 53 INDIA GOLD (E-GOLD) FUT OCT2012 537.85 531.20 538.00 1594 GOLD FUT DEC2012 1621.60 1598.00 1607.50 768 CURRENCY EUR-USD FUT SEP2012 1.2340 1.2245 1.2261 3429137 words
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Article107 2012-08-03 33 Aug 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1682.50 1721.00 1736.00 1651.00 Sep 12 1638.75 1656.75 1675.50 1602.25 Nov 12 1629.00 1641.00 1660.00 1595.75 Jan 13 1620.75 1632.25 1650.25 1588.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 51.73107 words
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Article70 2012-08-03 33 CRUDE OIL PRODUCTS Aug 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.46 0.68 WTI (Near Mth) 88.80 1.22 Dubai (1-Mth F) 120.08 -0.03 Tapis blend 108.09 -0.87 Minas 108.94 -0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.22 0.66 Jet Kerosene 120.70 -0.24 US$/barrel OpecOil Basket70 words
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Article22 2012-08-03 33 Aug 2 S$ Bid Offer 1-month 1.2462 1.2465 2-months 1.2461 1.2465 3-months 1.2459 1.2462 6-months 1.2447 1.2451 Source: OCBC22 words
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Article65 2012-08-03 33 Aug 1 Aug Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1827.25 1853.25 3 months 1861.00 1889.00 Copper, Grade A(US$/tonne) Cash 7418.25 7551.50 3 months 7425.00 7560.00 Lead(US$/tonne) Cash 1871.25 1910.50 3 months 1884.00 1920.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article80 2012-08-03 33 Aug 1 COCOA (£/tonne) Close Prev High/Low Sep 12 1654 1629 1660/1634 Dec 12 1637 1613 1639/1616 Mar 13 1616 1586 1618/1591 May 13 1611 1585 1614/1589 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2212 2237 2248/2208 Nov 12 2192 2206 2213/2186 Jan 13 2157 2173 2180/2154 Mar 13 214680 words
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1071 2012-08-03 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 456 6.75 21 Conv Ratio Exer Baker Technology Ltd W*****6 0.1 1 32 4 310.00 3 Prem Best World Intl Ltd W*****5 0.6 1 301,071 words
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Article470 2012-08-03 33 Aug 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.054 6.676 0.855 8.130 58.459 99.336 0.823 11.866 3.279 1.295 98.953 43.891 1.307 8.723 1.028 31.433 33.056 0.675 1.048 Canada 0.949 6.336470 words
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Article62 2012-08-03 33 Aug 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 2 mths 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP62 words
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Article135 2012-08-03 33 Aug 2 GOLD(US$/oz) Aug 02 Jul 31 Hong Kong 1612.00 1630.00 Jul 31 Aug 01 Jul 30 London 1603.21 1619.16 1603.98 1619.93 Source: Thomson Reuters CAST BAR Aug 02 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm 783135 words
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Article90 2012-08-03 33 Aug 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 01-Nov-12 0.23 6-Month BS*****Z 24-Jan-13 0.23 1-Year BY*****T 02-May-13 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.1 100.15 100.12 5-Year N*****0Z 2.37590 words
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Article57 2012-08-03 33 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2900.0 2922.0 2910.0 2890.0 227 2716 Sep 12 2902.0 2932.0 2935.0 2901.0 2454 ***** Oct 12 2921.0 2945.0 2948.0 2905.0 ***** ***** Nov 12 2930.0 2953.057 words
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Article156 2012-08-03 33 Aug 2 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3059 1.3075 1.0479 1.0489 Canadian dollar 1.2399 1.2404 0.9951 0.9949 Euro 1.5281 1.5288 1.2262 1.2265 NZ dollar 1.0083 1.0098 0.8091 0.8101 Sterling pound 1.9357 1.9368156 words
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Article121 2012-08-03 33 As at 9am Aug 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.271 Can dollar 1.270 1.210 Euro 1.562 1.488 Sterling pound 1.974 1.899 NZ dollar 1.037 0.988 US dollar 1.265 1.217 Local dollars to 100 units of foreign121 words
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Article161 2012-08-03 33 Aug 2 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12161 words
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executive lifestyle
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Article, Illustration1751 2012-08-03 34 writesDYLAN TAN - From making Singapore’s first zombie film to feting the most educated taxi-driver here, three local directors take a leap of faith to make a big splash in the film industry with their debut full-length features, writes DYLAN TAN writesDYLAN writesDYLAN TAN ‘Planning and knowing what1,751 words
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Advertisement11 2012-08-03 34 MUSIC The Beach Boys wade into town, making waves PAGE 3711 words
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CINEMA/TV
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Article, Illustration704 2012-08-03 35 reviewsGEOFFREY EU - Total Recall, the reboot of the 1990 Arnold Schwarzenegger blockbuster, stars beefcake Colin Farrell and very little else, reviews GEOFFREY EU reviewsGEOFFREY reviewsGEOFFREY EU ARNIE’S back only he looks a lot like Colin Farrell. Not long ago, the odds of a big-budget remake of any Arnold Schwarzenegger moviePHOTOS: COLUMBIA PICTURES/FILE - 704 words
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Article, Illustration586 2012-08-03 35 HELMIYUSOF - By HELMIYUSOF HBO’S new drama The Newsroom might entertain some smart, witty people but they’re not likely to be people who actually work in a newsroom. These people know that, for one thing, working in the newsroom is almost never as extraordinarily sensational as this586 words
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Article, Illustration440 2012-08-03 35 DYLAN TAN - By DYLAN TAN THERE’S a bit of Disney magic in Wes Anderson’s latest film Moonrise Kingdom though it’s not the syrupy fairy-tale sort. As with his previous works, there’s always a happy ending but everything that comes before it is too odd for mainstream. ButPHOTO - 440 words
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Advertisement18 2012-08-03 35 I it Live it Don us e m 1KB 8 v i 8 Ergo: Travel www.ergo-travel.com TA 181918 words
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Page 35 Miscellaneous
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Miscellaneous326 2012-08-03 35 CRYPTIC CROSSWORD Across 1 Shrewd fielder, a high flier (10) 9 Turn to abuse storyteller (4) 10 Swirling in and out in flood (10) 11 Possibly deduce it’s extracted (6) 12 Tried to get well? (7) 15 Fast food eaten without hesitation in German port (7) 16 Wild party with326 words
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ENTERTAINMENT
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Article, Illustration992 2012-08-03 36 reportsJOCELYN NOVECKAP - On Marilyn Monroe’s 50th death anniversary, her legend is now a pop culture phenomenon from cosmetic lines to spas and salons, reports JOCELYN NOVECKAP reportsJOCELYN reportsJOCELYN NOVECKAP AP ONLY 11 years after her death, Elton John sang his ode to Marilyn Monroe. “And I would have likedAP; PHOTOS: AP, AFP - 992 words
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Article, Illustration993 2012-08-03 37 CHRISTOPHER LIM - One of the original Beach Boys, Mike Love, talks to CHRISTOPHER LIM about touring fresh classics and new hits around the world, and to Singapore for the first time CHRISTOPHER LIM Growing up in the 1960s has turned out to be quite useful for The BeachWARNER MUSIC - 993 words
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Article, Illustration499 2012-08-03 37 TAN TECK HENG - By TAN TECK HENG WITH a name like Toy Factory, you’d expect the theatre company to have a portfolio full of children’s plays. But Toy Factory has never shied from staging controversial works from 1991’s shockingly nihilistic Shopping and F**king to last year’s Equus, which saw youngTOY FACTORY - 499 words
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Article, Illustration454 2012-08-03 37 CHRISTOPHER LIM - By CHRISTOPHER LIM FOLK singer-songwriters who grow up in rural paradises immersed in nature don’t usually end up as poster girls for cutting-edge technological music instruments, but Briton Jo Hamilton is a fascinating exception who defies stereotypes. She walks around with a battered notebook to jot herJO HAMILTON - 454 words
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Advertisement44 2012-08-03 36 NO ENTRY! Don't venture into the unknown to find your perfect ride. Go to CATS Classified's vehicles classes, and you'll find the freshest and most extensive listing of new and pre-owned cars in all makes and models. OAT-3 BUY IT* SELL IT* FIND IT44 words
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Advertisement45 2012-08-03 37 ■Mil *35 ‘»«T< V '>X s k’.t #k.'. r*\ M enjoy your 9.-> 9Ar. —-r=^ rsu Receive a limited edition USB 4GB thumbdrive with purchase of any Silhouette eyewear *Whilst stocks last Distributed by Opticsflair (S) Pte Ltd www.silhouette.com design and quality made in Austria45 words
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ARTS
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Article, Illustration700 2012-08-03 38 CHEAH UI-HOON - 2011 Young Artist Award recipient Peter Sau fetes late great Kuo Pao Kun with a showcase of roles Sau fleshed out, writes CHEAH UI-HOON writesCHEAH CHEAH UI-HOON ONE ironic moment in the history of the arts in Singapore remains seared in the mind of actor and700 words
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Article, Illustration542 2012-08-03 38 DYLAN TAN - By DYLAN TAN THERE’S a price to pay for success and Cirque du Soleil’s Saltimbanco winds up being a bit of a victim of doing its job too well. Created two decades ago, the Canadian troupe reinvented the circus concept simply by taking outPHOTOS: OLIVIER SAMSON ARCAND - 542 words
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AroundTown
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Article, Illustration253 2012-08-03 38 The Gift of Time: Step back into time with this exhibition by Hermes, installed at the Tanjong Pagar Railway Station. This exhibition is themed on The Gift of Time, by American artist Hilton McConnico, and the location is perfect given the locked-in-time feel of the station which stopped itsHERMES - 253 words
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Article218 2012-08-03 38 CHRISTOPHER LIM, DYLAN TAN, HELMI YUSOF, CHEAH UI-HOON - Compiled by CHRISTOPHER LIM, DYLAN TAN, HELMI YUSOF, CHEAH UI-HOON The Jai Ho Concert: Sukhwinder Singh Live in Singapore: Fans of Bollywood movie soundtracks will know Sukhwinder Singh, whose singing has been lip-synced by stars such as Shah Rukh Khan. And he sang the famous hit Jai Ho from218 words
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Article, Illustration576 2012-08-03 38 TAN TECK HENG - By TAN TECK HENG SIGMUND Freud once said: “Every drawer, chest, or box, stands for the female genital.” This seemingly absurd idea became one of artist Salvador Dali’s central motifs he took the drawer as a symbol of concealed female sexuality. Take, for instance, hisPHOTOS: CAPELLA SINGAPORE - 576 words
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WINE
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Article, Illustration1301 2012-08-03 39 writesN K YONG - Not all wines keep well, but those that do age gracefully are the very wonders of nature, writes N K YONG writesN writesN K YONG GROWING old is not a sin this is not in my defence. I came across this headline in one of the sections1,301 words
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Article, Illustration707 2012-08-03 39 CHRISTOPHER LIM - By CHRISTOPHER LIM G OURMET Japan the sold-out gastronomic festival organised by SPH subsidiary Sphere Exhibits which started last month and ends on August 20, has featured some fascinating wine pairings with various permutations of Japanese cuisine. The cuisine itself has run the gamut from traditional707 words
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Advertisement242 2012-08-03 39 COMFORT GOES A LONG WAY. a The Regional Wing Of Singapore Airlines More journeys to treasure at silkair.com All-in 3D2N Free and Easy Packages from Medan '3 All-in 3D2N Free and Easy Packages from 388 Bandung All-in 3D2N Free and Easy Packages from 398 Penang All-in 3D2N Free and Easy242 words
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THE ROAD LESS TRAVELLED
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Article, Illustration1506 2012-08-03 40 writesGEOFFREY EU - Dr Tham Meng Keat helps a tiny village in Nepal catch up with the rest of the world, writes GEOFFREY EU writesGEOFFREY writesGEOFFREY EU BANDIPUR, a picturesque settlement perched along a narrow mountain ridge in central Nepal about 150km from Kathmandu, was once a prosperousPHOTOS: DR THAM MENG KEAT - 1,506 words
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Advertisement223 2012-08-03 40 Performance Motors Limited bmwindividual.sg BMW INDIVIDUAL. YOUR SIGNATURE TOUCH, ON THE FINEST DETAILS. Gleaming piano finishes, enlivened by exquisite trims that captivate the eye with their unique grain characteristics and colours. With a choice of interior trims handpicked from the noblest woods and crafted by true masters, BMW Individual transforms223 words
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