The Business Times, 1 September 2012
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2012-09-01
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The Business Times
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Title Section15 2012-09-01 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| SEPTEMBER 1-2, 2012 S$1.00| MICA (P) 075/08/201215 words
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Article34 2012-09-01 1 UP BUT DOWN LENDING by banks rose at a slower pace in July as business loan growth continued to slide amid weakening economic sentiments, MAS figures show.| 234 words
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Article35 2012-09-01 1 CHANGING BETS AS advanced economies and their societies get older, there is a tendency to channel surplus savings from risky investments into much safer long-term investments, said DPM Tharman Shanmugaratnam.| 635 words
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Article33 2012-09-01 1 STOCK VALUE AT end-August, the combined market value of SGX-listed companies stood at $829 billion, gaining $3 billion, or 0.4 per cent from end-July’s $826 billion.| 1233 words
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Article37 2012-09-01 1 AFTER SHOCK JAPAN received another jolt to its economic outlook yesterday when it was announced that the nation’s industrial production unexpectedly fell in July. one week after news of an exports slump. 2137 words
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1212 2012-09-01 1 Kalpana Rashiwala - They are jacked up by an average of 9% while industrial sector sees an expected 14.3% climb; homes largely untouched By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE development charge (DC) rates for commercial use were raised steeply, taking many market watchers by surprise. DC1,212 words
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Article, Illustration628 2012-09-01 1 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore LEISURE hotspot Sentosa Island is ready to open yet another hotel to keep up with its steady of visitors. The Sentosa Development Corporation (SDC) is releasing a site the size of four football fields for a hotel628 words
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Page 1 Advertisements
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Advertisement17 2012-09-01 1 the business www. usinesstimes.com. the raffles conversation VENTURE CAPITALIST KAI-FU LEE 10-11 LIVING DESIGNING MEMORIES L2 517 words
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Advertisement8 2012-09-01 1 MOTORING Driven by a love for cars L198 words
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Advertisement8 2012-09-01 1 WEALTH When you’re in for the income 30-318 words
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TOP STORIES
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530 2012-09-01 2 Emilyn Yap - Business lending expands less with weaker economic outlook By Emilyn Yap emilyny@sph.com.sg Singapore BANK lending expanded at a slower pace in July as business loan growth continued to slide amid weakening economic sentiments. According to preliminary figures from the Monetary Authority of530 words
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Article80 2012-09-01 2 IN “Rolex, Patek call time on Sincere tie-up” (BT, Aug 30), it was reported that the $232 million Mrs Chu paid gave her 75 per cent of Sincere and that she intended to make an offer for the remaining 25 per cent stake held by the public. Sincere has80 words
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MARKETS
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Article57 2012-09-01 2 GSTI 3,025.46 (+13.64) GSTI FUTURES 3,024.00 (+12.00) GSIMSCI 347.17 (+1.62) GSIMSCI FUTURES 347.10 (+2.20) Friday Change KL COMP Closed NIKKEI 225 8,839.91 -143.87 HANG SENG 19,482.57 -70.34 SET 1,227.48 +12.93 JAKARTA 4,060.33 +34.75 MANILA 5,196.19 +46.88 KOSPI 1,905.12 -1.26 SHENZHEN B 572.25 +2.40 MUMBAI IND 17,380.75 -160.89 12noon EDT57 words
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Article28 2012-09-01 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.254 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source:28 words
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Article48 2012-09-01 2 us$ s$ US$ (S$ per US$) 1.251 (US$/S$ per 1.579 1.974 EURO(US$/S$/€) 1.252 1.565 Foreign currency per US$ S$ YEN 78.50 62.80 RM 3.125 2.499 HK$ 7.756 6.202 BAHT 31.34 25.06 RUPIAH 9,562 7,646 RENMINBI 6.351 5.079 INDIAN RUPEE 55.68 44.52 A$ 0.970 0.776 NZ$ 1.249 0.99948 words
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424 2012-09-01 4 He says central bank has to weigh costs and benefits of more stimulus Reuters Jackson Hole, Wyoming FEDERAL Reserve chairman Ben Bernanke yesterday said the US economy faced “daunting” challenges and that progress on reducing unemployment had been too slow. But heReuters - 424 words
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Article, Illustration821 2012-09-01 5 Joyce Hooi - SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent NOW that bottles of bubbly have been emptied and tau huay subversively consumed, ragging on Diner en Blanc is curiously deflating. Very much like yelling obscenities at Bernard Madoff from outside the correctional facility in which heAP - 821 words
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490 2012-09-01 6 Lee U-Wen - That is one of the biggest issues facing emerging economies today: Tharman By Lee U-Wen leeuwen@sph.com.sg Singapore ONE of the biggest challenges facing Asia-Pacific economies today is how to channel their surplus savings into long-term investments, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.490 words
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527 2012-09-01 8 Cai Haoxiang - KPMG report notes drop in buying activity between developed and emerging markets in first half of 2012 By Cai Haoxiang haoxiang@sph.com.sg Singapore MERGER and acquisition (M&A) activity fell between developed countries and high-growth ones, amid more cautious market sentiment in the first half of the527 words
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Article, Illustration659 2012-09-01 8 Grace Leong - By Grace Leong gleong@sph.com.sg Singapore LAWYER M Ravi has filed an application to have the 21-member council of the Law Society of Singapore removed and for elections to be called to replace them, two weeks after it sought a court order demandingFILE PHOTO - 659 words
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Page 2 Advertisements
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Advertisement169 2012-09-01 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 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Shopping L2-5 Dining L6-8 Watches L9 Home Garden169 words
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Page 3 Advertisements
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Advertisement651 2012-09-01 3 8 DBS TREASURES PRIVATE CLIENT 3% p.a.* interest on 3 currencies, 1% p.a.* interest on 1 currency. °<5 V f We are presenting the best of both worlds, with diversification and optimal rates on your fixed deposits. DBS Treasures Private Client invites you to benefit from higher interest rates with651 words
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Page 4 Advertisements
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Advertisement91 2012-09-01 4 SINGAPORE —SWEEP— 1 st prize $2,200,000 SUPER SWEEP SNOWBALLED TO 5D CASCADE PRIZES (100 PRIZES OF $10,000 EACH) $550,000 $1,000,000 Match the first 5-digit to win the Cascade Prize $2.2 Million 2nd Prize $500,000 3rd Prize $250,000 1st e Prize SINGAPORE Nation*! Stadiu* SWEEP Draw No 09/2012 NG AFORE $391 words
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Page 5 Advertisements
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Advertisement104 2012-09-01 5 caLLigaris O h AcaaaTable Tower Table ITALIAN SMART DESIGN Since 1923 Convoy Table/ Jam Chair Orbital by XZQT ®mniaiTable/i BohemeiCshairJ 'tsS.mply Executive! BE SPOILT FOR CHOICE! Many Elegant ExtendableTables r £1 Planet Table/ Jl'eauj^haitj \j I ®.dysseyjiable/J Sham Mva KevjTable/ WiemShairi Check Out Our Italian Dining Offers THE EXECUTIVE HOME104 words
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Page 6 Advertisements
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Advertisement34 2012-09-01 6 i/v/V JACKPOT Estimated Draw on Mon, 3 Sep 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always Play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS34 words
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Page 7 Advertisements
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Advertisement419 2012-09-01 7 V/ CIV/T A DT Investment kJiTirvIV A International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 8 (Sat) 9 (Sun) Sept 2012 11am 7pm Hall A, Sands Expo Convention Center, Marina Bay Sands (Bayfront MRT station, Exit D) Learn Strategies to Win View Outstanding Overseas Property Opportunities Free Entry419 words
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Page 8 Advertisements
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Advertisement809 2012-09-01 8 EZRA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1411N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Ezra Holdings Limited (the “Company”) will be held at Klapsons, the Boutique Hotel eighteen. 1 2, Level 18, 15 Hoe809 words
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WEEK IN REVIEW
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THIS WEEK Aug 27 – 31, 2012
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Article, Illustration103 2012-09-01 9 THE Singapore of tomorrow must always offer hope of a better future, have a bigger heart than the present and be the best home that it can be for all, said Prime Minister Lee Hsien Loong in his annual National Day Rally speechFILE PHOTO - 103 words
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50 2012-09-01 9 TAXES in Singapore will inevitably increase within the next 20 years to fund the government’s spending in building an inclusive society, as Prime Minister Lee Hsien Loong cautioned that inclusiveness should not just be about receiving goodies from the government.50 words
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53 2012-09-01 9 DEVELOPMENT charge rates are set to increase from Sept 1 for non-landed residential use, property consultants say. Most also forecast higher DC payable for enhancing the use of some sites or building a bigger development on them for industrial use, citing winning land bids53 words
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55 2012-09-01 9 FOREIGN interest in non-landed private residential properties is returning, following a slump in interest after the Additional Buyer’s Stamp Duty was introduced in December last year. The number of foreigners buying homes rebounded in Q2, jumping 37.2 per cent to 8,311 transactions in Q2 from55 words
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62 2012-09-01 9 BUSINESS receipts for the services industries in the second quarter of this year were up 6 per cent overall compared to the corresponding quarter last year, on the back of higher turnover from all services industries. However, when comparing quarter on quarter, business62 words
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66 2012-09-01 9 CHINESE industrial companies’ profits fell in July by the most this year, adding to evidence the economic slowdown is deepening. Income dropped 5.4 per cent last month from a year earlier to 366.8 billion yuan, the fourth straight decline. That compares66 words
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68 2012-09-01 9 FRENCH hypermarket chain Carrefour, which started operations here back in 1997, will shut down its outlets at Suntec City and Plaza Singapura before the end of this year, pulling out of the Singapore market entirely. It has decided to shelve its local business68 words
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40 2012-09-01 9 JUDGE of Appeal at the Supreme Court Sundaresh Menon will become Chief Justice from Nov 6 the same day that the current Chief Justice Chan Sek Keong retires after he reaches his 75th birthday.40 words
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49 2012-09-01 9 HONG Kong billionairess Chu Yuet-Wat’s joy at sealing a $232 million deal to buy Singaporebased luxury watch chain Sincere Watch has been tempered by a bombshell. Rolex and Patek Philippe have served notice that they no longer want Sincere as their retailer.49 words
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77 2012-09-01 9 RESIDENTS in the northern region of Singapore can expect the announcement of the upcoming Thomson MRT Line to boost property prices almost immediately, say consultants, although they differ on the extent of the rise. Savills research head, Alan Cheong expects residents living77 words
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Article65 2012-09-01 9 US DATA Sept 4 Aug ISM Index July construction spending Sept 5 Q2 productivity Sept 6 Aug ISM services Sept 7 Aug non-farm payrolls Aug employment report CHINA DATA Sept 1 Official Manufacturing PMI Sept 3 HSBC Manufacturing PMI EVENTS Sept 3 Asia-Pacific Economic Cooperation65 words
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Page 9 Miscellaneous
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Miscellaneous363 2012-09-01 9 Across 1 Observe after some music cartoon hero (6) 4 Bear visa wrongly? That’s irritating (8) 10 Collect in the morning Jenny maybe (5) 11 Route agent planned with time off for set of followers (9) 12 Carry soldier’s award around island having ritual associations? (7) 13 Part of serial363 words
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Miscellaneous14 2012-09-01 9 SATURDAY with Ludwig ‘I’d like to talk to my travel agent about the refund14 words
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THE RAFFLES CONVERSATION
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Article, Illustration1708 2012-09-01 10 / 11 Victoria Ho - jungleKai-Fu Lee, famously the subject of a Google and Microsoft tussle, leads a venture fund picking out China’s future tech superstars. By Victoria Ho vhoip@sph.com.sg IT’S not every day that two giant corporations are at each other’s throats over one man. When Kai-Fu Lee left Microsoft1,708 words
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COMPANY NEWS
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669 2012-09-01 12 Mindy Tan - Among STI stocks, Noble leads gainers with 1 1 .6% rise while biggest losers include StarHub, SingTel, NOL By Mindy Tan tanmindy@sph.com.sg Singapore THE combined market value of Singapore Exchange-listed companies ended the month of August largely flat, at $829 billion, gaining669 words
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296 2012-09-01 12 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore SINGAPORE Airlines (SIA), ST Engineering and United Overseas Bank (UOB) yesterday announced the appointment of independent non-executive directors to their boards. Hsieh Tsun-yan joins the SIA board today and Gautam Banerjee on Jan 1296 words
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Article, Illustration544 2012-09-01 13 Carine Lee - 15-cent-a-share price follows a rise in his stake after a preferential offer By Carine Lee carinel@sph.com.sg Singapore ZAGRO Asia Ltd’s chief, Poh Beng Swee, is making a mandatory unconditional cash offer to acquire all the issued shares in the company not already ownedFILE PHOTO - 544 words
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392 2012-09-01 13 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore ELECTRO-MECHANICAL modules supplier Hi-P International Limited has entered into an investment agreement with the Nantong Economic Technological Development Area (Netda) administrative committee, in China’s Jiangsu province. Under the agreement, Hi-P is to set up a production plant392 words
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Article, Illustration966 2012-09-01 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent GLOBAL stock markets spent the week obsessing over whether US Federal Reserve chairman Ben Bernanke would unveil a third round of quantitative easing (QE3) yesterday. This made for a patchy five days for the Singapore market,966 words
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Article, Illustration299 2012-09-01 14 Jennifer Yu - LETTER TO THE EDITOR Jennifer Yu Investor Relations Manager Fraser and Neave, Limited WE thank Mr Mano Sabnani for his letter (“F&N repayment to shareholders unattractive”) in The Business Times on Aug 30, 2012. The proposed capital reduction exercise comprises a cancellation of oneREUTERS - 299 words
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Business briefing
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Article88 2012-09-01 15 ROXY-PACIFIC Holdings, through RH Rochor, has entered into an agreement to acquire a freehold residential site at 7,9, and 11 Wilkie Terrace for $33 million. The site has an estimated total land area of 13,209 sq ft and an existing gross plot ratio of 2.1. RH Rochor88 words
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111 2012-09-01 15 ATLANTIC Navigation Holdings (Singapore) Limited has secured a charter contract for a jack-up accommodation barge with an initial value of about US$28.8 million over a two-year period. The contract has an option to extend for one year, bringing the potential contract value to about US$43.3111 words
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73 2012-09-01 15 LIONGOLD Corp Ltd has increased its stake in Castlemaine Goldfields Limited (CGT) with its takeover offer. At the close of its takeover bid on Aug 31, LionGold had received acceptance for 264.85 million CGT shares. Together with its own interests of 33.91 million shares, the73 words
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75 2012-09-01 15 SINGAPORE Exchange (SGX) has extended its commitment period to its Bull Charge charity run beneficiaries from one to three years. “This tripling in the commitment period from a year allows charities to focus on longer term programmes and projects which may have greater impact on75 words
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Article53 2012-09-01 15 NOVO Group Ltd said it expects to record a loss in its unaudited consolidated quarterly results for the first quarter ended July 31 due to a decline in trading business as a result of the uncertain economic situation in Europe and concerns of a hard53 words
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Page 12 Advertisements
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Advertisement10 2012-09-01 12 ON THE FAST TRACK nm ON THE FAST TRACK V10 words
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Page 13 Advertisements
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Advertisement686 2012-09-01 13 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF WEALTHPLUS PTE LTD (Co. Reg. No. *****4781H) ASTA-PROFITS INVESTMENTS PTE LTD (Co. Reg. No. *****8191M) BELLWOOD INVESTMENTS PTE LTD (Co. Reg. No. *****5826K) EMINENT CAPITAL INVESTMENTS PTE LTD (Co. Reg. No. *****0873G) MEGAPLUS686 words
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Page 15 Advertisements
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Advertisement110 2012-09-01 15 YOGA BY THE SEA Your favourite all-women outdoor yoga event is back! Join us for an invigorating yoga session by the sea. Details DATEOct 21, 2012 TIME6am VENUEDalbergia Green, East Coast Park REGISTRATION FEE$30* (UP $38) Early-bird promotion until 14 Sep 2012. Receive fabulous door gifts worth over $400! Plus,110 words
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FROM THE DESK OF
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Article, Illustration1100 2012-09-01 16 Elaine Heng - A supportive employer, self-discipline and a positive attitude can help a woman balance the often conflicting demands of career and motherhood FROM THE DESK OF Elaine Heng Regional Head, Priority and International Banking, Singapore and Southeast Asia, Standard Chartered Bank THE term1,100 words
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SINGAPORE NEWS
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412 2012-09-01 17 Lee U-Wen - Labour movement will also do more to help mature PMEs with placement, discrimination By Lee U-Wen leeuwen@sph.com.sg PROFESSIONALS, managers and executives (PMEs) who are union members here can now access the labour movement’s legal services as part of an enhanced legal advisory service.412 words
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201 2012-09-01 17 NETS announced yesterday that it has appointed Susan Hwee, managing director and head of group technology and operations at United Overseas Bank (UOB), as its new chairman. Ms Hwee joined the NETS board in June 2002, and brings with her 30 years201 words
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Article, Illustration545 2012-09-01 17 Felda Chay - By Felda Chay feldac@sph.com.sg CKL Holdings was just a small assam (tamarind) spice supplier back in 1975, which it sold under the Dahlia brand. But under the leadership of founder and executive chairman Chia Chor Meng, it built itself into aPHOTO: LIM WUI LIANG/THE STRAITS TIMES - 545 words
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Article, Illustration516 2012-09-01 18 Malminderjit Singh - Evan Law plans to deliver goals in education that are relevant to employers By Malminderjit Singh msingh@sph.com.sg PRIVATE education provider PSB Academy has a new man at its helm as Evan Law assumes the position of its new chief executive officer today. Mr Law516 words
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352 2012-09-01 18 Malminderjit Singh - He is only 2nd Asian among 14 worldwide to receive award By Malminderjit Singh msingh@sph.com.sg THE managing director of City Developments Ltd (CDL) Kwek Leng Joo, known for his business acumen and distinguished public service, was yesterday honoured for his creative achievements. The avid352 words
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Article, Illustration196 2012-09-01 18 MORE than 130 of Citi’s senior managers and partners teed off for a good cause yesterday. They raised more than S$540,000 for ChildAid, a charity concert in aid of The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund.196 words
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WORLD
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514 2012-09-01 19 Factory orders increase 2.8% in July; the biggest overall advance in a year LATEST US DATA Reuters AP Bloomberg New York US consumer sentiment climbed to a three-month high in August while new orders for US factory goods rose more than expectedReuters; AP; Bloomberg - 514 words
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Article, Illustration457 2012-09-01 19 Judge rules Samsung products didn’t breach Apple’s patent Bloomberg Tokyo APPLE lost a patent lawsuit in Japan as a Tokyo judge ruled that Samsung Electronics smartphones and tablet computers didn’t infringe on an Apple invention in the most recent decision of a global dispute.Bloomberg; PHOTO: REUTERS - 457 words
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329 2012-09-01 19 Reuters Canberra AUSTRALIA yesterday approved a Chinese company’s bid for a giant cotton farm, igniting new concerns about foreign investment in agriculture where re-source-hungry China is showing growing interest. Treasurer Wayne Swan approved Chinese textile group Shandong Ruyi’s purchase of CubbieReuters - 329 words
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Article, Illustration1003 2012-09-01 20 Romney takes it personal as advisers see his likability deficit as his biggest liability LATWP Tampa, Florida WHEN Mitt Romney strode onto a windswept New Hampshire farm last summer to begin his presidential bid, he spoke about jobs and taxes andLATWP; AP - 1,003 words
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525 2012-09-01 21 Anthony Rowley - Outlook weakens on heels of sharper-than-forecast fall in exports By Anthony Rowley Tokyo JAPAN received a second jolt to its economic outlook yesterday when it was announced that the nation’s industrial production unexpectedly fell in July, one week after news that Japanese exports slumped525 words
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Article, Illustration745 2012-09-01 22 Combined H1 earnings of biggest five banks rise 13%, down from 33% a year ago Bloomberg Shanghai INDUSTRIAL Commercial Bank of China Ltd led the nation’s biggest lenders in posting slower profit growth as a sluggish economy curtailed demand for financial servicesBloomberg; BLOOMBERG - 745 words
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Article332 2012-09-01 22 125 students under probe as similarities are found in answers NYT Cambridge, Massachusetts HARVARD University revealed on Thursday what could be its largest cheating scandal in memory, saying that about 125 students may have worked in groups on a take-home final exam, though theyNYT - 332 words
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Page 20 Advertisements
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Advertisement54 2012-09-01 20 NanoTechnology Manufacturing is recruiting a Project Engineer Fratelli Cosulich has a position open for a Trader Cheers has a vacancy for the position of a Merchandising Executive Estop (Singapore) is hiring a Specifications Marketing Manager Hydro Style is looking for a Sales Design Consultant Check out more than 500 positions54 words
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Page 21 Advertisements
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Advertisement474 2012-09-01 21 Navigating the Challenges of Leadership STJOBS No.1 Who should attend: Executive management level, Middle management, Managers and Team leaders who want to develop their leadership skills No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY WORKSHOPS 7 Sep, 2012 (Fri) Coaching Gen Y to Better Performance SPH News Centre474 words
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Page 22 Advertisements
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Advertisement14 2012-09-01 22 I 3 SINGAPORE'S Horresr hits HEAR rnewAMTep's HOTTEST HITS ON HOT FM 91.3 014 words
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Article7982 2012-09-01 23 Transaction date: Aug 31 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15.5 11.4 8Telecom 13.6 +0.1 200 13.6 13.6 13.4 13.5 66.8 0.4 3.3 65.1 6 3 A-Sonic 3.4 3.4 4.4 3.8 24.37,982 words
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Article1776 2012-09-01 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20.5 12.1 t 800 Super 18.4 -0.1 170 18.5 18.4 18.4 19.1 3.3 5.4 5.5 32.9 4 2.5 t AA Grp 3.1 3 3.8 31,776 words
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Article186 2012-09-01 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 46 40 46 13 6 6 59 46 52 Commerce 21 16 21 2 4 3 23 20 24 Tpt/Stor/Comms 15 12 11186 words
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Article761 2012-09-01 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 27 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jiutian Chemical 30-Aug-12 Anyag Longyu (HK) Dev *Buy 550 an *****5 28.49 *****5 28.52 Swing Media Tech761 words
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Article123 2012-09-01 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,024 21,024 126,304 126,304 Manufacturing 175,407 102,545 277,952 210,400 929 211,328 Commerce 175,906 6,097 182,003 148,093 504 148,596 Tpt/Stor/Comms 150,048 20,770 170,818 246,745 6,183 252,928 Finance 32,172 380 32,552 270,856 161 271,017 Construction 45,932 560123 words
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Article80 2012-09-01 27 Aug 30 COCOA (£/tonne) Close Prev High/Low Sep 12 1687 1677 1689/1665 Dec 12 1705 1694 1710/1684 Mar 13 1696 1680 1696/1671 May 13 1701 1684 1701/1675 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2024 2034 2031/2018 Nov 12 2064 2070 2073/2052 Jan 13 2077 2080 2083/2062 Mar 13 208780 words
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Article69 2012-09-01 27 Aug 31 GOLD(US$/oz) Aug 30 Aug 31 Hong Kong 1667.60 1655.20 Hong Kong Aug 29 Aug 30 London 1656.81 1654.16 1657.58 1654.93 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.40 37.75 Source: UOB PLATINUM/ Lon (US$/oz) Aug 30 Close Previous PM Fix 1522.00 1518.00 AM Fix 1524.0069 words
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Article103 2012-09-01 27 Aug 30 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 12 1770.25 1763.25 1780.75 1748.00 Nov 12 1763.50 1753.00 1771.25 1735.25 Jan 13 1757.50 1742.50 1763.25 1726.25 Mar 13 1680.25 1663.00 1685.75 1650.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 12 56.59 56.64 56.82 56.31103 words
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Article57 2012-09-01 27 Aug 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2916.0 2915.0 2935.0 2900.0 850 3872 Oct 12 3028.0 2968.0 3028.0 2952.0 2568 ***** Nov 12 3015.0 3000.0 3033.0 3000.0 ***** ***** Dec 12 3036.0 3016.057 words
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Article98 2012-09-01 27 Aug 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 29-Nov-12 0.25 0.00 0 6-Month BS*****H 21-Feb-13 0.26 0.00 0.00 1-Year BY*****T 02-May-13 0.25 0.00 0.00 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-1498 words
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Article154 2012-09-01 27 Aug 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2884 1.2900 1.0307 1.0312 Canadian dollar 1.2600 1.2616 1.0085 1.0080 Euro 1.5643 1.5659 1.2514 1.2517 NZ dollar 1.0003 1.0016 0.8002 0.8006 Sterling pound 1.9730 1.9751 1.5784 1.5788154 words
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Article, Illustration127 2012-09-01 27 As on 30 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 553.00 549.35 551.90 720 GOLD FUT DEC2012 1666.10 1654.20 1657.20 37 CURRENCY EUR-USD FUT SEP2012 1.2566 1.2490 1.2506 3809 BASE METAL COPPER FUT SEP2012 7611 7611127 words
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Article68 2012-09-01 27 Aug 30 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.87 0.36 WTI (Near Mth) 94.75 -0.61 Dubai (1-Mth F) 110.31 1.33 Tapis blend 116.28 1.21 Minas 112.78 1.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.89 2.17 Jet Kerosene 133.12 1.23 US$/barrel OpecOil Basket Price 110.6668 words
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373 2012-09-01 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 30 Index Change Change Change Change Change Change World Preliminary 895.6 -0.8 7.9 -0.8 4.1 -0.8 7.6 EAFE Preliminary 714.5 -0.8 4.7 -0.9 0.2 -1.0 3.6 Europe Preliminary 1078.2 -0.8 5.0373 words
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Article118 2012-09-01 27 Aug 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.319 1.257 Can dollar 1.291 1.230 Euro 1.603 1.527 Sterling pound 2.014 1.937 NZ dollar 1.029 0.980 US dollar 1.271 1.223 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article71 2012-09-01 27 Aug 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1856.25 1870.25 3 months 1877.00 1893.00 Copper, Grade A (US$/tonne) Cash 7556.75 7561.50 3 months 7567.50 7575.00 Lead (US$/tonne) Cash 1939.50 1972.00 3 months 1944.00 1976.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.75 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article, Illustration107 2012-09-01 27 Straits Times Index YTD change: +14.33% 52-week high: 3,088.45 on Aug 14,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +5.69% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Dow Jones Industrial Average YTD change: +6.41% 52-weekSource: Bloomberg - 107 words
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PERSPECTIVE
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Article, Illustration920 2012-09-01 28 / 29 Bala Shankar - The market for apps is growing at an astronomical rate, thanks not only to the proliferation of smart phones, but also to innovative app ideas. By Bala Shankar By Bala Shankar ~The writer is adjunct professor at SMU and NTU and founder directorBLOOMBERG - 920 words
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Article, Illustration813 2012-09-01 28 / 29 Anthony Rowley - Anthony Rowley Tokyo Correspondent BE afraid, very afraid. This seems an appropriate injunction for anyone living in Japan after listening to what former Japanese prime minister Naoto Kan had to say this week on the subject of the Fukushima nuclear disaster, andAP - 813 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1170 2012-09-01 30 / 31 Genevieve Cua - Several sources to pay out from but some fund houses are averse to taking from capital Genevieve Cua gen@sph.com.sg Personal Finance Editor INCOME is the definite flavour of choice in the retail funds market, and investors are flocking to funds that boast a fairlySTOCK.XCHNG - 1,170 words
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Article777 2012-09-01 30 / 31 Lynn Kan - Compiled by Lynn Kan Singapore Telecommunications Overweight OCBC Investment Research Aug 31 ALL three telcos recently reported Q2 CY12 results, but the only bright spark came from StarHub (even beat our earnings forecast) while both M1 and SingTel turned in quarterly results that were somewhat disappointing. For M1,777 words
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Article, Illustration1113 2012-09-01 32 United SGD Fund returns 5.1% this year to Aug 29 by buying perpetual bonds, outpacing S’pore’s 4.9% average inflation Bloomberg Singapore UOB Asset Management Ltd’s Singapore dollar debt fund is beating most peers by buying perpetual bonds and investing 70 per centBloomberg; STOCK.XCHNG - 1,113 words
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Article, Illustration1331 2012-09-01 33 Teh Hooi Ling - We need to look at how we can recreate communities again to make Singapore a home with hope and heart SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder IN one of our classes in the GlobalisationSTOCK.XCHNG - 1,331 words
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WEALTH REAL ESTATE
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Article, Illustration279 2012-09-01 34 Its US$8,000 psf price is a record for Asia and second-highest globally Reuters Hong Kong A HONG KONG apartment designed by award-winning architect Frank Gehry has sold for HK$430 million (S$69.2 million), a record price for a flat in Asia, developer Swire Properties said on Thursday.Reuters; BLOOMBERG - 279 words
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Article570 2012-09-01 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 1 AND AUG 7, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 01/08/2012 99 1098 2317 2110 District 4 NON-LANDED Skyline Residences Apt 03/08/2012570 words
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436 2012-09-01 35 Jasmine Ng - Both plots, one at Sunview Rd and the other at Tuas South St 8, are zoned for Business 2 By Jasmine Ng jasng@sph.com.sg Singapore JTC Corporation has made available two industrial sites at Sunview Road and Tuas South Street 8 under the industrial436 words
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Article, Illustration897 2012-09-01 35 Bloomberg Sydney MELBOURNE, where home prices have fallen more than in any other major Australian city, may see further declines as a record number of new developments approved in the boom years hit the market. Home values in the capital of Victoria stateBloomberg; REUTERS - 897 words
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Page 36 Advertisements
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Advertisement111 2012-09-01 36 I > TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIQUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE111 words
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Advertisement58 2012-09-01 1 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 1-2 2012 DINING The Diner en Blanc experience L8 DESIGNING MEMORIES In search of iconic Singapore souvenirs L2-5 PERSONAL SPACE White vibe L10-11 PHOTO: GREAT SINGAPORE SOUVENIRS GADGETS Impressive debutantes L14 WATCHES Audemars Piguet’s royal rebel L9 BT CORPORATE GOLF When rain ruled the day58 words
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BT Living
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SHOPPING
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Article, Illustration1424 2012-09-01 2 / 3 Tay Suan Chiang - The best souvenirs have something meaningful to say about a country and its people. Does Singapore have its share of such iconic memorabilia? Local designers have their say. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg A QUESTION from an overseas friend on what souvenirs she could1,424 words
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Article, Illustration704 2012-09-01 4 / 5 Tay Suan Chiang - Not all souvenirs are created equal. Tay Suan Chiang picks 10 items that offer whimsical, nostalgic or humorous takes on a uniquely Singaporean way of life Tay Suan Chiang Singapore Co Carryall Tote Bag Local creative studios Fabrix and Goodstuph got together to create the limited edition704 words
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DINING
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Article, Illustration1744 2012-09-01 6 / 7 Jaime Ee; Debbie Yong - Two chefs have returned from hiatus refreshed and ready to take on new challenges By Jaime Ee jaime@sph.com.sg By Debbie Yong debyong@sph.com.sg THERE’S a big sign outside 467 Joo Chiat Road that says “The Migrants Are Coming”. Maybe they’re hiding in the rubble that lies within this shophouseFILE PHOTO - 1,744 words
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Article, Illustration876 2012-09-01 8 Debbie Yong - We didn’t know we would be seated next to professional picnickers. We didn’t even know such people existed, says Debbie Yong of her first time attending Diner en Blanc Debbie Yong WHEN we set our tables next to theirs along the waterfront at the Marina Bay Sands, our876 words
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Article415 2012-09-01 8 Debbie Yong - Debbie Yong muses on the local food ban hullabaloo and thinks we should cut the organisers some slack Debbie Yong debyong@sph.com.sg OH, what a big fuss a little misunderstanding can ruck up. A French pop-up picnic announces that it would make its Asian debut in Singapore415 words
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WATCHES
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Article, Illustration875 2012-09-01 9 Dylan Tan - Four decades on, Audemars Piguet’s Royal Oak is still looking to break watchmaking rules to stay ahead of time. By Dylan Tan By Dylan Tan dylantan@sph.com.sg THE story of Audemars Piguet’s (AP) Royal Oak is one that no amount of marketing dollar can buy. It was conceived875 words
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HOME & GARDEN
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Article, Illustration1043 2012-09-01 10 / 11 Tay Suan Chiang - Clean lines and pale shades abound in the apartment Voon Wong designed for art lover and businesswoman Florence Lim. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg WITH 16 years of friendship between them, it was “only natural” that architect Voon Wong designed her apartmentALL PHOTOS, UNLESS OTHERWISE STATED, BY JOHN HENG; PHOTOS OF LIVING AREA AND BALCONY COURTESY OF DARREN SOH FOR VW+BS - 1,043 words
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DESIGN
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Article, Illustration846 2012-09-01 12 Tay Suan Chiang - Good eco-design goes beyond green to include the elements of blue, grey and red. Architect Ken Yeang explains. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg IT IS termed green design, but ecological design and planning comes in other colours too, says Malaysian architect Ken846 words
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SPORTS
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Article, Illustration694 2012-09-01 13 Lee U-Wen - The Singapore Polo Club wants to dispel the notion that polo is elitist and to raise the bar for the sport by organising the inaugural Singapore Open Tournament no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent CONTRARY to popular belief, polo is neither played exclusively by the well-heeled694 words
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GADGETS
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Article, Illustration660 2012-09-01 14 Christopher Lim - Within the pile of new gadgets being shown off or launched at the Comex 2012 show, these stand out for sheer performance or simply offering something different. By Christopher Lim By Christopher Lim limchris@sph.com.sg ~Comex 2012 ends tomorrow at levels 3, 4 and 6 of660 words
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HEALTH
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Article, Illustration1079 2012-09-01 15 Michael Lim - In the elderly, the need to record blood pressures on multiple occasions at rest is necessary before a diagnosis of hypertension can be confirmed. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. HeAFP - 1,079 words
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BT CORPORATE GOLF LEAGUE 2012
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Article, Illustration1507 2012-09-01 16 / 17 Justine Moss - The round was deemed void by the tournament committee as stipulated by the rules. By Justine Moss btnews@sph.com.sg Participants from 22 teams teed off last Thursday in the third round of the 2012 Business Times Corporate Golf League at Laguna National Golf Country Club’s MastersFILE PHOTO - 1,507 words
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MOTORING
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Article, Illustration761 2012-09-01 18 With the new RS4 Avant, Audi has produced an impressive machine to take on its performance rivals. AUDI’S cult estate model returns after a four-year hiatus. In the mid- 1990s, the Audi RS2 combined su-percar-slaying performance with practical estate qualities that offered room for the761 words
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Article, Illustration735 2012-09-01 19 Samuel Ee - The low-profile entrepreneur says the opportunity to test new products and build up a brand still excites him. By Samuel Ee driving style By Samuel Ee samuelee@sph.com.sg YOU could say Albert Pang has arrived. The low-profile entrepreneur was working quietly behind the scenes forPHOTOS: YEN MENG JIIN - 735 words
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Article, Illustration587 2012-09-01 20 Samuel Ee - Circuit’s challenging mix of long straights and fast turns includes the famous Eau Rouge corner. f1 watch By Samuel Ee samuelee@sph.com.sg FORMULA One returns to the second half of the 2012 season after enjoying a four-week break that took place after 11 of the totalAP; PHOTOS: AFP, REUTERS - 587 words
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Advertisement974 2012-09-01 6 / 7 wine&dine with BTWeekend Bar on 5 Bar on 5 offers a magnificent view of the bustling Orchard Road 5 levels above ground, and is the perfect venue for unwinding over drinks or a cozy tete-a-tete among friends. Featuring a host of martinis and bottle deals during Happy Hour, indulge in974 words
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Page 14 Advertisements
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Advertisement27 2012-09-01 14 HOME NEEDS Call in the experts and stop that leak! To find out more, turn to CLASS 118 in CATS Classified in The Straits Times now. WATS27 words
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Page 16 / 17 Advertisements
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Advertisement42 2012-09-01 16 / 17 MAIN SPONSOR CO-ORGANISED BY HOLE-IN-ONE SPONSORS FINAL ROUND DINNER SPONSOR SPONSORS MEDIA PARTNER PARTNERS NETWORKING NIGHT PARTNER DATES VENUES Sept 12 Orchid Country Club, Vanda/ Aranda Course Sept 27 Raffles Country Club, Lake Course Oct 18 Singapore Island Country Club, New Course42 words
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