The Business Times, 1 December 2012
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2012-12-01
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The Business Times
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Title Section15 2012-12-01 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| DECEMBER 1-2, 2012 S$1.00| MICA (P) 075/08/201215 words
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Article46 2012-12-01 1 LENDING BANK loans growth picked up in October to 17.9 per cent after 10 months of slowing year-on-year growth as demand from both businesses and consumers meant a quicker pace of loan expansion than September’s 16.5 per cent growth. 246 words
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Article37 2012-12-01 1 REDAS ANNIVERSARY WONG Heang Fine, president of the Real Estate Developers’ Association of Singapore (Redas), urges the government to allow the recent cooling measures for public housing to take their course. 537 words
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Article32 2012-12-01 1 EMPLOYMENT THE Retirement and Re-employment Act (RRA) sent the employment rate for older men to a new high in June, just six months after it kicked in. 532 words
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1021 2012-12-01 1 Joyce Hooi, Andrea Soh - Muddy Waters denies being a front for funds and wants Olam to get its debt rated by S&P By Joyce Hooi, Andrea Soh joyceh@sph.com.sg sandrea@sph.com.sg Singapore ANOTHER day, another attack this time from Muddy Waters. It wants Olam to get its debt rated1,021 words
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Page 1 Advertisements
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Advertisement42 2012-12-01 1 the business www. THE RAFFLES CONVERSATION PRESIDENT AND CEO OF MBS 10-11 LIVING The future of eating right L2-4 Marine Tourbillon 1 m 9 Depuis 1775 www.breguet.com BREGUET BOUTIQUE 2 BAYFRONT AVENUE THE SHOPPES AT MARINA BAY SANDS #61-119/120 SINGAPORE +65 *****00642 words
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Advertisement7 2012-12-01 1 CEOS’ HAWKER CHOICES Stewed pig organs L10-127 words
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Advertisement8 2012-12-01 1 WEALTH Benefits of a discretionary portfolio service 30-318 words
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TOP STORIES
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MARKETS
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Article58 2012-12-01 2 GSTI 3,069.95 (+24.05) GSTI FUTURES 3,062.00 (+16.00) GSIMSCI 349.70 (+2.45) GSIMSCI FUTURES 348.50 (+1.20) Friday Change KL COMP 1,610.83 +3.51 NIKKEI 225 9,446.01 +45.13 HANG SENG 22,030.39 +107.50 SET 1,324.04 +14.47 JAKARTA 4,276.14 -42.94 MANILA 5,640.45 +6.73 KOSPI 1,932.90 -1.95 SHENZHEN B 608.08 +4.08 MUMBAI IND 19,339.90 +168.99 11.0058 words
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Article30 2012-12-01 2 SINGAPORE MALAYSIA 5.36 6.55 KONG KOHG IHODNESA TAIWAN JAPAN sop '4.U0 5.03* ..475 *CVtA V.35 bail ain 0.5U US 3.2S CNHAPA ?oo 5'/rT7ERLAND os: 1NOIA i*S0 Source: Bloomberg30 words
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Article48 2012-12-01 2 us$ s$ US$ (S$ per US$) 1.220 (US$/S$ per 1.605 1.958 EURO(US$/S$/€) 1.301 1.588 Foreign currency per US$ S$ YEN 82.60 67.70 RM 3.041 2.492 HK$ 7.750 6.351 BAHT 30.68 25.14 RUPIAH 9,610 7,875 RENMINBI 6.226 5.103 INDIAN RUPEE 54.51 44.67 A$ 0.959 0.786 NZ$ 1.216 0.99648 words
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Article, Illustration669 2012-12-01 2 Teh Shi Ning - DBU loans up 1 .5% over the month to $479.4b; lending to businesses grows 1 .3% to $278.1 b By Teh Shi Ning tshining@sph.com.sg Singapore BANK loans growth picked up in October to 17.9 per cent after 10 months of slowing year-on-year growthFILE PHOTO - 669 words
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704 2012-12-01 4 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore “I DON’T expect bonds to fall; fluctuations, yes, but I don’t expect bonds and distress in the same sentence,” says Sue Goh of her Olam bonds. Yesterday, Olam bonds continued to slide despite the company’s shares stabilising,704 words
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Article, Illustration625 2012-12-01 4 Joyce Hooi - SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent HOW do I love thee, Carson Block? Let me count the ways no, really, let me count them. With your 133-page accounting exposé on Olam and your eight-page comeback to their comeback, you’ve run out of fingers and toes,625 words
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Article, Illustration628 2012-12-01 5 Ong Chor Hao - Redas urges policy-makers not to tighten the demand tap further By Ong Chor Hao ongch@sph.com.sg Singapore LET the golden goose that is the real-es-tate sector continue laying its golden eggs. This was the message from Wong Heang Fine, president of the Real Estate Developers’628 words
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576 2012-12-01 5 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg Singapore THE Retirement and Re-employment Act (RRA), which requires employers to offer workers who retire at 62 the option to continue working, has lost no time in making its presence felt. It sent the employment576 words
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Article, Illustration771 2012-12-01 6 Anthony Rowley - Debate among leaders of competing parties in Dec 16 general election shows opposing views By Anthony Rowley btworld@sph.com.sg Tokyo THE leader of the Liberal Democratic Party (LDP), Shinzo Abe, who is widely tipped to become the next prime minister,PHOTO: REUTERS - 771 words
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449 2012-12-01 6 AP Berlin GERMAN lawmakers have overwhelmingly backed a deal aimed at trimming Greece’s debt load and keeping the country financially afloat, but Finance Minister Wolfgang Schaeuble insisted it would be irresponsible to raise hopes of more radical debt forgiveness soon. Parliament voted 473-100AP - 449 words
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724 2012-12-01 7 Victoria Ho - Some track eyeballs, helping firms to decide where to place important info By Victoria Ho vhoip@sph.com.sg Boston IF the recent US elections taught us anything, it’s that websites know an awful lot about you, and data can be a creepily powerful tool. The Obama724 words
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Article, Illustration615 2012-12-01 8 Malminderjit Singh - 101-year-old UK-based Fauja Singh, who holds world record for over-90 category, will only run 10km in StanChart race By Malminderjit Singh msingh@sph.com.sg Singapore THE world’s oldest marathoner, 101-year-old, UK-based Fauja Singh, will be running 10km at this Sunday’s Standard Chartered Marathon. With him willPHOTO: SANDEEP SINGH - 615 words
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392 2012-12-01 8 Bloomberg Washington CONGRESSIONAL Republicans dug in to fight US President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president headed out yesterday to sell it to the American public. Treasury Secretary Timothy Geithner shuttled among congressional leaders on ThursdayBloomberg - 392 words
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Page 2 Advertisements
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Advertisement61 2012-12-01 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 34-35 LIVING Dining L2-7 Christmas L8-9 CEOs’ Hawker Choices L10-1261 words
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Page 3 Advertisements
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Advertisement59 2012-12-01 3 Ermenegildo Zegna Su Misura Made to measure is the art of personal elegance. Our promise is to deliver perfectly tailored apparel designed for your individual character from an unparalleled collection of Zegna fabrics. From personalized suits to entire wardrobes, the unique dividend of “Su Misura” is exacting sartorial excellence. ION59 words
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Advertisement4 2012-12-01 4 Presenting Partner: Organised by:4 words
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Advertisement75 2012-12-01 5 SINGAPORE —SWEEP— 1 st prize $2,200,000 2 nd p R ZE 3 rd PRIZE SUPER SWEEP SNOWBALLED TO t pLV $500,000 $250,000 $1,300,000 it t ;£?i H *$2.2 Million m ££'"*1SINGAPORE S500.000 12/2012 W -SWEEP 3rd Prize i $250,000 Sn Draw Ho. 12/2012 »3 > 1 $3 Singapore aisaasafl DRAW75 words
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Advertisement659 2012-12-01 7 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1084 of 2012/T In the Matter of Section 210 of the Companies Act, Chapter 50 And In the Matter of Kian Ann Engineering Ltd (Registration No. *****1102H) …Applicant SCHEME OF ARRANGEMENT under Section 210 of the Companies Act,659 words
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WEEK IN REVIEW
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THIS WEEK Nov 26-30, 2012
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44 2012-12-01 9 SINGAPORE’S policymakers face conflicting challenges in the year ahead, participants at the 18th Singapore Economic Roundtable agreed. More debatable, though, was the extent to which rising business costs and a stronger Singapore dollar might hurt the economy’s competitiveness.44 words
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69 2012-12-01 9 HE runs a small steel trading company in Tianjin and has seen his revenues shrink from 40 million yuan (S$7.8 million) to 10 million in just under two years. Like many other of China’s 30,000 steel traders, Li is struggling with depleting69 words
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64 2012-12-01 9 RISING manpower costs are starting to bite businesses hard, a leading survey of more than 10,000 small and medium enterprises in Singapore shows. While this is to be expected as the labour landscape is repainted and government nudges companies to take64 words
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76 2012-12-01 9 CHINA’S second-biggest insurance company has threatened to take legal action against the New York Times for reports that Premier Wen Jiabao’s relatives had accumulated massive wealth, largely through holdings in the firm. Ping An Insurance (Group) Co of China Ltd said it76 words
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71 2012-12-01 9 MUDDY Waters finally put its mouth where its money was on Tuesday with a 133-page report on Olam detailing what it claims are the commodity trader’s shortcomings, and recommending a “strong sell”. The report comes a week after the man behind71 words
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60 2012-12-01 9 EUROPEAN stock markets rallied and the euro touched a three-week high after the International Monetary Fund, eurozone nations and the European Central Bank negotiated a debt deal for Greece. The deal helped yields on Greek 10-year bonds to fall to 16.3 per60 words
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75 2012-12-01 9 OLAM International hardened its position against US short-selling firm Muddy Waters on Wednesday, accusing it of acting as a front for hedge funds looking to short the company’s stock. “In my view, Muddy Waters and Carson Block are just small75 words
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71 2012-12-01 9 EVEN as Singapore’s economy and financial system remain resilient amid uncertainties in the global economy, risks still abound and vigilance is warranted, the Monetary Authority of Singapore has warned in its annual Financial Stability Review. With interest rates here at near-historic lows,71 words
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Article, Illustration108 2012-12-01 9 SOMETIME between receiving the midnight tinkle that upended his world last Monday and Thursday this week, Olam’s Sunny Verghese blinked just a bit in the face of research firm Muddy Waters’ all-out siege of the commodities trader. Olam’s CEO conceded that the firmPHOTO: BLOOMBERG - 108 words
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39 2012-12-01 9 IT must be Australia’s strangest corporate war. Qantas Airways has scrapped a major marketing deal with Tourism Australia, claiming that the latter’s boss is trying to unseat the airline’s management.39 words
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33 2012-12-01 9 POLICE said yesterday that they had arrested and charged four SMRT bus drivers from China for their role in an illegal strike earlier this week.33 words
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Article70 2012-12-01 9 US DATA Dec 3 Nov ISM manufacturing data Dec 4 Nov auto sales Dec 5 Nov ADP employment report Nov ISM Non-Manufacturing Index Dec 7 Nov unemployment rate SINGAPORE DATA Dec 4 Nov PM I Dec 7 Nov foreign reserves CHINA DATA Dec3 HSBC manufacturing70 words
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Page 9 Miscellaneous
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Miscellaneous296 2012-12-01 9 Across 1 Fruit, queen’s choice (8,4) 8 Produce mostly stiff undergarment (7) 9 A gauzy fabric under discussion (2,5) 11 Copper is at home with English style of cooking (7) 12 Revolving handle getting a note to emerge (7) 13 United aware of Everton’s lead (2,3) 14 Band of gold296 words
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Miscellaneous13 2012-12-01 9 SATURDAY with Ludwig Glad to hear from you again sir. thanks a trillion13 words
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THE RAFFLES CONVERSATION
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Article, Illustration2133 2012-12-01 10 / 11 Lee U-Wen - George Tanasijevich, president and CEO of MBS, explains why his organisation does not want to be known as a ‘Las Vegas company’ but rather as a Singapore one that is fully engaged with the community here. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg GEORGE Tanasijevich readilyPHOTO: YEN MENG JIIN - 2,133 words
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COMPANY NEWS
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665 2012-12-01 12 MINDY TAN - US fiscal cliff hopes push market value to $860b, up $7.7b By MINDY TAN tanmindy@sph.com.sg Singapore POSITIVE remarks from US politicians on progress being made on the fiscal cliff debate turned the tide around for the Singapore market, which spent most of665 words
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Article, Illustration622 2012-12-01 12 Reuters New Delhi BHARTI Infratel Ltd, the telecommunications tower unit of top Indian phone carrier Bharti Airtel Ltd, is set to raise up to US$825 million next month in what would be the country’s biggest initial share offering in two years. Bharti Airtel isReuters; PHOTO: REUTERS - 622 words
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692 2012-12-01 13 Cai Haoxiang - Opportunities for growth in digital advertisements are always there, says chairman Lee Boon Yang By Cai Haoxiang haoxiang@sph.com.sg Singapore SINGAPORE Press Holdings’ (SPH) online forays are still in their infancy but the company will participate in the digital revolution, chairman Lee Boon Yang692 words
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Article, Illustration256 2012-12-01 13 Zeinab Yusuf Saiwalla - By Zeinab Yusuf Saiwalla zynabs@sph.com.sg Singapore TUAN SING Holdings has formally begun the redevelopment of Robinson Towers, the annex and the International Factors Building into a single commerical and office development. Tenants were served with termination of lease notices of six months yesterday. The redevelopment is256 words
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525 2012-12-01 14 Ong Chor Hao - Their sole purpose for wanting to get nominated is to realise value for shareholders, says one of them By Ong Chor Hao ongch@sph.com.sg Singapore THERE is no intention to take control of the board at Macquarie International Infrastructure Fund (MIIF), one of the three525 words
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282 2012-12-01 14 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore HANWELL Holdings has received thumping support from its shareholders for the proposed sale of its 29.87 per cent stake in listed trading firm Intraco Ltd to TH Investments for $19.17 million, or 65 cents282 words
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389 2012-12-01 14 Lee Meixian - Business trust’s unit closes at 83 cents, up 4.4% for the week By Lee Meixian leemx@sph.com.sg Singapore RELIGARE Health Trust units made a comeback this week as analysts initiated coverage on the business trust with “outperform” and “buy” ratings. The unit389 words
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Article, Illustration983 2012-12-01 15 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent ASUPPOSED easing of US “fiscal cliff” worries, yet another Greek bailout, penny-stock churning, and Rounds 2, 3 and 4 of the Olam International-versus-Muddy Waters saga were the main themes of the week. The Straits Times983 words
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Business briefing
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Article61 2012-12-01 15 BRIGHT Orient (Holding) Ltd has submitted a delisting proposal to the Singapore Exchange (SGX) to conduct a voluntary winding up and dissolution of the company. Bright Orient is a cash company and was not able to obtain an exit offer from any of its major shareholders.61 words
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Article92 2012-12-01 15 Reuters The US$7.2 billion bid by DBS Group for Bank Danamon has become political, the governor of Bank Indonesia said yesterday, in his first acknowledgement that the issue is politically sensitive. “We have no further discussion (after the announcement of multiple licence regulation), but we’re askingReuters - 92 words
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Page 13 Advertisements
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Advertisement47 2012-12-01 13 Uber Lux Penthouse One Shenton Heart of Business Empire; Global City JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg The Finder Singapore The Essential Expat Magazine FREE DOWNLOAD Available On The App Store DECEMBER ISSUE OUT NOW!47 words
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Page 14 Advertisements
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Advertisement58 2012-12-01 14 Teambuild Construction Group is hiring a Project Manager Total has a position open for a Maintenance Specialist TE Connectivity has a vacancy for a Technical Sales Engineer C. Melchers GmbH Co. is recruiting a Corporate Sales Executive Prima Food is looking for a General Manager (Prima Deli Division) Check out58 words
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Page 15 Advertisements
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Advertisement234 2012-12-01 15 S33LLON EfiLVW NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF IMP INTERIOR MAINTENANCE PRODUCTS PTE LTD Co. Reg. No. *****5162G Notice is hereby given pursuant to section 296 of the Companies Act (Chapter 50) that a meeting of the234 words
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Advertisement188 2012-12-01 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ZYKEN INTERNATIONAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2161Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the188 words
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Advertisement240 2012-12-01 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MOUNT TRISUL OFFSHORE PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****3322D) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 29 November240 words
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FROM THE DESK OF
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Article, Illustration1251 2012-12-01 16 Ben Rosen - Dynamics of the popular music and recording business have changed in recent years due to social media, as well as computer software FROM THE DESK OF Ben Rosen Managing Director The Gunnery IN 2003, when northern English band Arctic Monkeys shared 17 songs from1,251 words
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SINGAPORE NEWS
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Article, Illustration481 2012-12-01 17 Mindy Tan - Knight Frank expects top bid of $1,000 to $1 ,1 00 psf ppr By Mindy Tan tanmindy@sph.com.sg A HOTEL site at the junction of Victoria Street and Ophir Road has been made available for application under the reserve list of481 words
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Article, Illustration413 2012-12-01 17 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg SINGAPORE is in a position today where it can both safeguard its own sovereignty and security, as well as contribute to regional and international peace and security, says Deputy Prime Minister Teo Chee Hean. As far as defence and diplomacyPHOTO: - 413 words
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Article221 2012-12-01 17 FORMER foreign minister George Yeo has been awarded Honorary Officer of the Order of Australia, one of Australia’s highest honours. The honour was bestowed in recognition of Mr Yeo’s service to Australia-Singapore bilateral relations and the establishment of the Singapore-Australia Free Trade Agreement (Safta). During the221 words
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Briefing
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105 2012-12-01 18 NATIONAL Development Minister Khaw Boon Wan says that he is watching the progress of the ground-up work to spruce up Boat Quay, Clarke Quay and Robertson Quay with interest, with a view to replicating the ideas elsewhere. Disclosing this in his blog yesterday, he105 words
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Article46 2012-12-01 18 FORMER green activist Howard Shaw was released from prison yesterday four weeks earlier than the 12 weeks that he was sentenced to, for good behaviour. He was among 51 men charged with having paid sex with an underage prostitute in April.46 words
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Article, Illustration350 2012-12-01 18 Andrea Soh - The latter provides software that helps firms to manage complex stakeholder relationships By Andrea Soh sandrea@sph.com.sg HOMEGROWN technology venture capital firm Red Dot Ventures has invested in a second firm in less than a month. It said yesterday that it had invested350 words
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Article, Illustration121 2012-12-01 18 SINGAPORE AIRLINES (SIA) has raised $427,000 for non-profit organisation Community Chest, and the funds will go towards programmes that benefit children with special needs. A pair of limited edition female and male panda toys dressed in SIA’s signature batik motif were produced by SIA. Fund-raising121 words
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Page 18 Advertisements
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Advertisement54 2012-12-01 18 THE PERFECT CHRISTMAS GIFT The best gift is one that lasts the whole year. This Christmas, enjoy 30%discount when you present someone a 12-month subscription of his/her favourite magazine. Log on to www.sphmagazines.com.sg/xmaspromo2012 or scan the QR code* now! You need to download a QR code reader app for this.54 words
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WORLD
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Article, Illustration506 2012-12-01 19 Production of parts for devices including iPhone behind October’s increase Bloomberg Tokyo JAPAN’S factory output unexpectedly rose the most since December on production of parts for devices including Apple Inc’+s iPhone, providing a bright spot in an economy poised to shrink for a second straightBloomberg; PHOTO: AFP - 506 words
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364 2012-12-01 19 AFP Hong Kong HONG KONG’s struggling Disneyland has posted its first profit since opening seven years ago thanks to an increase in mainland Chinese visitors, a report said yesterday, as it considers opening new hotels. The news will come as a welcome relief for theAFP - 364 words
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445 2012-12-01 19 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur FELDA Global Ventures Holdings registered a 48 per cent drop in earnings to RM224.5 million (S$90.2 million) in the fiscal third quarter as crude palm oil (CPO) prices slid on weaker demand. While445 words
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Article508 2012-12-01 20 Fiscal crisis and tougher austerity measures deepening region’s economic problems Bloomberg Athens THE euro-area jobless rate rose to a record in October as the fiscal crisis and tougher austerity measures deepened the region’s economic woes. Unemployment in the 17-nation single-currency bloc increased to 11.7 perBloomberg - 508 words
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Article, Illustration300 2012-12-01 20 Bloomberg Rome AN Italian supermarket chain is offering customers who spend more than 30 euros (S$47.75) a shot at a lottery with an unusual payoff: jobs. “Our competition is open to everyone, of any age or social class,” said Alessandra Aloisi, human resources managerBloomberg; PHOTO: BLOOMBERG - 300 words
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188 2012-12-01 20 Reuters Madrid SPANISH inflation eased in November thanks to a dip in energy prices but it remained far above the eurozone average, likely raising the cost of state pension rises for an already hard-pressed budget. The European Union-harmo-nised consumer price data showedReuters - 188 words
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Article, Illustration555 2012-12-01 21 Manufacturing almost flat at 0.8%; annual growth headed for lowest level in a decade Reuters New Delhi THE Indian economy extended its long slump in the quarter ended in September, with lower-than-expected growth keeping it on track for its worst year in aReuters; PHOTO: REUTERS - 555 words
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256 2012-12-01 21 AFP London BRITAIN’S bailed-out Royal Bank of Scotland (RBS) said yesterday that the sale of its Indian retail and commercial activities to HSBC had lapsed, adding it will seek to wind down the operations. “The Royal Bank of Scotland Group announcesAFP - 256 words
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427 2012-12-01 21 Bloomberg Frankfurt SIEMENS AG yesterday announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap one billion euros (S$1.58 billion) in cost savings as the market for traditional light bulbs shrinks. The job cuts, which are focusedBloomberg - 427 words
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403 2012-12-01 22 It falls 0.2% as income growth stalls; decline suggests slower economic growth in Q4 LATEST US DATA Reuters Washington US consumer spending fell in October for the first time in five months as income growth stalled, suggesting slower economic growth in the fourth quarter. TheReuters - 403 words
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Article, Illustration743 2012-12-01 22 Reuters Brussels EUROPEAN Union (EU) member states are preparing to fight as a bloc alongside the United States to prevent a move by Russia and countries in Africa to impose a levy on Internet traffic and make it easier to track users’Reuters; PHOTO: AFP - 743 words
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Advertisement16 2012-12-01 19 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements ICLA/FEBIVg16 words
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Advertisement21 2012-12-01 20 ISSUE AfterHours 444 /a 0789 89?8!<>6?8?-, -8 sr/u WED M^i 00 J|) PG86 IBtEi Mil hatchback '^■1 g °od round of21 words
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Page 22 Advertisements
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Advertisement25 2012-12-01 22 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG25 words
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Article7928 2012-12-01 23 Transaction date: Nov 30 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 14.3 11.4 8Telecom 12 12.3 14 66.8 0.4 2.9 57.5 6 3 A-Sonic 3.4 -0.1 95 3.4 3.4 3.4 3.8 3.8 24.37,928 words
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Article1779 2012-12-01 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 $mil 21 12.1 t 800 Super 19.6 18.8 19.4 3.3 5.1 5.9 35 4 3 t AA Grp 3.1 2.6 3.5 3 98 20 t APStrategic1,779 words
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Article186 2012-12-01 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 58 41 41 3 8 5 61 49 46 Commerce 25 19 22 2 2 4 27 21 26 Tpt/Stor/Comms 26 7 6186 words
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Article811 2012-12-01 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 26 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Perennial China Retail Trust 29-Nov-12 Pua Seck Guan *Buy 1350 0.49 ***** 4.42 ***** 4.54 Perennial China811 words
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Article121 2012-12-01 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 60,304 60,304 129,765 129,765 Manufacturing 344,018 138,204 482,222 300,443 1,297 301,740 Commerce 169,819 4,216 174,035 205,828 214 206,042 Tpt/Stor/Comms 295,254 14,904 310,158 444,561 4,523 449,084 Finance 85,296 1,256 86,552 373,629 585 374,214 Construction 49,114 238,442121 words
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MARKETS
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Article80 2012-12-01 27 Nov 29 COCOA (£/tonne) Close Prev High/Low Dec 12 1593 1577 1600/1582 Mar 13 1585 1571 1594/1575 May 13 1591 1578 1600/1582 Jul 13 1597 1583 1605/1590 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1933 1930 1929/1929 Jan 13 1938 1935 1945/1923 Mar 13 1942 1936 1948/1925 May 13 195480 words
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Article68 2012-12-01 27 Nov 30 GOLD(US$/oz) Nov 30 Nov 29 Hong Kong 1738.20 1728.50 Nov 29 Nov 28 London 1726.40 1712.24 1727.20 1713.46 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 42.07 41.43 Source: UOB PLATINUM Lon (US$/oz) Nov 29 Close Previous PM Fix 1620.00 1589.00 AM Fix 1616.00 1604.00 Source:68 words
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Article42 2012-12-01 27 Nov 30 kl.CE PALM FUTURES (RM/MT) ov. >>r» l» »n# o. ■jr; it QW ll£e£ i*. >1£> -n *.i «u«> .‘O' t Dn#n a./r Una ..ii 1/1. J3oL ;*3^o llbbi ta>ju A* n /BJDft !ikC !-4U ES Source: Bursa Malaysia42 words
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Article88 2012-12-01 27 Nov 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 28-Feb-13 0.25 6-Month BS*****T 30-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102 5-Year N*****0Z 2.375 01-Apr-17 108.4588 words
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Article154 2012-12-01 27 Nov 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2721 1.2734 1.0429 1.0432 Canadian dollar 1.2285 1.2302 1.0078 1.0072 Euro 1.5872 1.5886 1.3012 1.3014 NZ dollar 1.0032 1.0043 0.8224 0.8227 Sterling pound 1.9574 1.9592 1.6047 1.6050154 words
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Article, Illustration95 2012-12-01 27 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1725.20 1718.70 1727.20 GOLD FUT FEB2013 1730.30 1720.40 1729.40 INDIA GOLD (E-GOLD) FUT FEB2013 578.30 574.55 579.70 CURRENCY EUR-USD FUT DEC2012 1.3008 1.2941 1.2974 BASE METAL COPPER FUT MAR2013 7957 7816 7948 INDEX IRON ORE (MBIO)95 words
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Article103 2012-12-01 27 Nov 29 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 13 1448.00 1446.25 1460.00 1441.25 Mar 13 1441.00 1435.00 1450.25 1431.75 May 13 1418.50 1410.50 1423.50 1407.00 Jul 13 1408.25 1401.75 1412.75 1398.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 49.77 50.11 50.46 49.70103 words
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Article68 2012-12-01 27 Nov 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.82 1.82 WTI (Near Mth) 87.89 1.27 Dubai (1-Mth F) 107.11 0.56 Tapis blend 114.69 0.72 Minas 107.97 0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103 0.5 Jet Kerosene 124.61 -0.39 US$/barrel OpecOil Basket Price 107.4668 words
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Article118 2012-12-01 27 Nov 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.258 1.199 Euro 1.621 1.544 Sterling pound 1.995 1.919 NZ dollar 1.037 0.979 US dollar 1.245 1.186 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2012-12-01 27 Nov 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2065.25 1992.00 3 months 2064.00 2000.00 Copper, Grade A (US$/tonne) Cash 7885.25 7747.25 3 months 7899.50 7767.50 Lead (US$/tonne) Cash 2222.50 2185.75 3 months 2222.00 2188.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-12-01 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 29 Index Change Change Change Change Change Change World Preliminary 919.3 0.5 10.8 0.4 4.4 0.6 11.0 EAFE Preliminary 750.2 1.1 10.0 1.1 3.6 1.3 10.0 Europe Preliminary 1133.5 1.2 10.4373 words
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Article, Illustration105 2012-12-01 27 Straits Times Index YTD change:+16.01% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change:+19.51% 52-week high: 22,149.70 on Nov 2,2012 52-week low: 17,821.52 on Dec 19,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -9.97% 52-week high: 2,478.38Source: Bloomberg - 105 words
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PERSPECTIVE
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Article, Illustration1536 2012-12-01 28 / 29 Anna Teo - Energy evangelist Amory Lovins has a blueprint for how business and society can drive a renewable power revolution. By Anna Teo By Anna Teo anna@sph.com.sg JUST before he stepped out of the room at the Civil Service College, after the interview had wrapped up, Amory1,536 words
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Article, Illustration758 2012-12-01 28 / 29 Anthony Rowley - We must be reminded of the risk of despoiling it to the point of no return Anthony Rowley Tokyo Correspondent I “TRAVELLED” to Mars this week, taking with me some 30 other journalists from right across the emerging Asia region.758 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1076 2012-12-01 30 / 31 Genevieve Cua - The fund manager buys and sells securities without having to get client approval for every decision in a discretionary portfolio. ABN has just launched an Asian-focused discretionary portfolio management service. Genevieve Cua gen@sph.com.sg Personal Finance Editor Entrusting a pot of money to a private bank to manage1,076 words
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Article682 2012-12-01 30 / 31 Lynn Kan - Compiled Lynn Kan Tat Hong Holdings Buy Maybank Kim Eng Nov 30 Nov 30 close: $1.40 Following our recent conversation with the company, we remain confident on Tat Hong’s long-term fundamentals. In our view, Tat Hong is still in the middle of a multi-year growth cycle. After a682 words
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Article, Illustration1448 2012-12-01 32 Despite the tough financing environment for clean tech companies, one of the most vocal advocates of such innovation is going ahead with more investments NYT VINOD Khosla crowed about the clean energy industry last year. Three of the biofuel startups in his ventureNYT; PHOTO: REUTERS - 1,448 words
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Article, Illustration1216 2012-12-01 33 Teh Hooi Ling - When a company comes along and sells us a dream, it may turn out to be a nightmare if investors are not so savvy SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder WHAT’S thePHOTO: REUTERS; Source: - 1,216 words
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WEALTH REAL ESTATE
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Article, Illustration716 2012-12-01 34 The 1 .5m-2m euro property is in the country’s prestigious Saint Emilion area of Bordeaux AFP Bordeaux A CHINESE industrialist has completed the landmark purchase of Chateau Bellefont-Belcier, a leading estate in France’s prestigious Saint Emilion wine-making area, sources involved in theAFP; PHOTO: AFP - 716 words
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Article288 2012-12-01 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 31 AND NOV 6, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Ascentia Sky Apt 01/11/2012 99 1475 1844 1250 District 5 NON-LANDED Palm Green Apt 02/11/2012288 words
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Article, Illustration420 2012-12-01 35 Kalpana Rashiwala - 200 of 299 units at project with Green Mark Platinum certification released for sale snapped up By Kalpana Rashiwala kalpana@sph.com.sg Singapore ALMOST 200 out of the 299 units released for sale in Eco Sanctuary in Upper Bukit Timah are understood to have been sold,420 words
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422 2012-12-01 35 Bloomberg London LUXURY-HOME prices in central London rose at their slowest rate in more than two years in November as investors delayed purchases ahead of possible new property taxes, according to Knight Frank LLP. The average price of a house or apartment inBloomberg - 422 words
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351 2012-12-01 35 Bloomberg Sydney SCA Property Group, the shopping centre trust spun off by Woolworths Ltd, plans to acquire malls developed by the retailer and rival Wesfarmers Ltd’s supermarket chain Coles Ltd to expand its asset base. SCA Property, which listed on the Australian stockBloomberg - 351 words
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Page 36 Advertisements
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Advertisement61 2012-12-01 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CONGRATULATIONS RORY MCILROY FOR AN OUTSTANDING END TO A GREAT YEAR. WINNER IN DUBAI, FINISHING WITH FIVE CONSECUTIVE BIRDIES, EUROPEAN TOUR NUMBER ONE, PGA TOUR NUMBER ONE, WORLD NUMBER ONE. I iUDEMARS PlGUET Le Brass us SINGAPORE AUDEMARS PlGUET BOUTIQUE 54161 words
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Advertisement69 2012-12-01 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 1 2 2012 GUEST CHEF Alain Passard: A messiah of greens L6-7 SPRINGING TO HEALTH The future of eating right L2-4 CEOS' HAWKER CHOICES 2012 Kway chap and pig’s organ soup L10-12 PHOTO BY RAWYAL KITCHEN PERSONAL SPACE Strong point of view L14-15 NO HOLDS69 words
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BT Living
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DINING
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Article, Illustration2597 2012-12-01 2 / 3 Debbie Yong; Debbie Yong - BT Weekend looks at the changing appetite for healthy food in Singapore and challenges that lie ahead for health food restaurants. By Debbie Yong By Debbie Yong debyong@sph.com.sg By Debbie Yong debyong@sph.com.sg EATING healthy has never been more critical. According to statistics shared at the inaugural Worlds2,597 words
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Article, Illustration737 2012-12-01 4 / 5 Cheah Ui-Hoon - British Airways takes a scientific approach to high altitude dining. By Cheah By Cheah Ui-Hoon uihoon@sph.com.sg THERE’S food and there’s airplane food; with the latter commonly thought of as plasticky and somehow modified beyond palatable parameters. No wonder then, that airlines have been trying to differentiate themselvesPHOTOS: NICK MORRISH AND JIM WILEMAN - 737 words
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Article, Illustration1232 2012-12-01 6 / 7 Jaime Ee - Alain Passard is a messiah of greens who has, to this day, not strayed from his principles. guest chef By Jaime Ee jaime@sph.com.sg TOMATOES are Alain Passard’s friends. Red ones, green ones, yellow ones, heirlooms, even extinct varietals lovingly resurrected by his gardeners and aPHOTOS: VIRGINIE KLECKA, DEVINE ©KAREN-TROUW-GROEN - 1,232 words
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CHRISTMAS
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Article, Illustration1792 2012-12-01 8 / 9 Tay Suan Chiang; Debbie Yong - More shoppers are taking a shine to Christmas fairs instead of malls to find thoughtful, handcrafted gifts for loved ones By Tay Suan Chiang taysc@sph.com.sg By Debbie Yong debyong@sph.com.sg Pop-up Swedish flair Bosign Pop Up Store Kennel, 8D Dempsey Road, #03-03 Dec 1: 11am to 6pm If you1,792 words
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CEOS' HAWKER CHOICES 2012
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Article, Illustration2717 2012-12-01 10 / 11 Dylan Tan; Natalie Koh; Debbie Yong; Tay Suan Chiang - Eating stewed pig organs might sound like a challenge on an episode of reality TV show Fear Factor but here, it’s a delicacy enjoyed by both young and old. Served either as kway chap or pig’s organ soup, it’s a popular street food that can be found inPHOTOS: YEN MENG JIIN; PHOTOS: YEN MENG JIIN; PHOTO: YEN MENG JIIN; PHOTOS: YEN MENG JIIN - 2,717 words
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Article, Illustration509 2012-12-01 12 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg Tan Wee Lee Managing director, Crystal Wines GENERALLY, slightly sweet, off-dry white wines would go with most local foods because they don’t overpower them. With kway chap, a medium-bod-ied wine would be the ticket, recommends Tan Wee Lee, managingPHOTO: YEN MENG JIIN - 509 words
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GADGETS
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Article, Illustration543 2012-12-01 13 Christopher Lim - It is possible to pack brawn and beauty into tech toys too. Christopher Lim looks at top picks from Olympus, Philips and Pioneer Christopher Lim limchris@sph.com.sg Pioneer A3 wireless speaker $399 IT’S telling that what used to be called iPod docks are now increasingly being called just wireless543 words
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HOME & GARDEN
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Article, Illustration1299 2012-12-01 14 / 15 Tay Suan Chiang - In addition to details that delight, a penthouse on the 33rd floor scores with the scenery from its balconies. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg IT is a long ride up in the lift to Norman Ho’s home, and apart fromPHOTOS: YEN MENG JIIN - 1,299 words
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GOLF
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Article, Illustration802 2012-12-01 16 Justine Moss - Gear up for 2013 with the latest golfing equipment that flaunt state-of-the-art design technology and golfwear to beat the heat and up your game. By Justine Moss By Justine Moss btnews@sph.com.sg WITH only a little over three weeks of shopping days until Christmas day, there’s plenty802 words
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SPORTS
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Article, Illustration675 2012-12-01 17 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHEN it comes to football, Singapore usually has only one way of getting things done the hard way. After a thumping 3-0 win over neighbours Malaysia in the opening group game of the AFF Suzuki CupPHOTO: GARY GOH/TNP - 675 words
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MOTORING
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Article, Illustration601 2012-12-01 18 Samuel Ee - The new Audi S8 is a full-sized saloon with full-sized performance. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT is difficult to convey the excitement that an Audi S8 4.0 TFSI quattro can generate just by looking at it. From its badge, it is clear that601 words
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Article, Illustration590 2012-12-01 19 Samuel Ee - Bentley is unveiling its fastest car ever, the Continental GT Speed, at Changi this weekend. By Samuel Ee By Samuel Ee samuelee@sph.com.sg LUXURY and refinement meet blistering performance in the new Bentley Continental GT Speed, the British manufacturer’s fastest production model ever. While it is difficult590 words
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Article, Illustration529 2012-12-01 20 Samuel Ee - Several attributes have helped the Mercedes-Benz C-Class to become Singapore’s top model. By Samuel Ee samuelee@sph.com.sg THE last time the brand with the three-pointed star was Singapore’s most popular car, COE premiums were also about this high. Then, it was 1996 and the Mercedes-Benz E-Class was the top529 words
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Advertisement883 2012-12-01 6 / 7 wine&dine with BTWeekend Christmas Indulgence Level 1, 4 5, Marina Mandarin Singapore 6 Raffles Boulevard Z6845 1111 Till Dec 25, 2012 Share good tidings of love and joy at Marina Mandarin Singapore with new festive creations such as the Japanese-themed Hokkaido Red Miso Wild Wasabi Turkey and the red velvet-inspired883 words
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Advertisement92 2012-12-01 10 / 11 INTERNATIONALLY KNOWN LOCALLY LOVED Knight Frank Knight Frank’s Investment Team provides services encompassing land/redevelopment sites for sale, building sales for different asset classes and strata sales for strata retail, offices and shophouses. Our dedicated and experienced team of professionals are well placed to guide you through the investment decision-making process92 words
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Advertisement40 2012-12-01 13 HOME N S w n Why risk breaking your back? Leave the painting job to the professionals. To find out more, turn to CLASS 112 in CATS Classified in The Straits Times now. ESAra BUY IT* SELL IT* FIND IT40 words
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Advertisement258 2012-12-01 17 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a258 words
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