The Business Times, 16 February 2013
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2013-02-16
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The Business Times
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Title Section20 2013-02-16 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g FEBRUARY 16-17, 2013 S$1.00 MICA (P) 075/08/2012 sph A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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Article32 2013-02-16 1 GETTING BETTER US CONSUMER sentiment improved in February, buoyed by signs of increased hiring even as US manufacturing got off to a weak start this year. 232 words
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Article36 2013-02-16 1 PROPERTY NEW Redas head Chia Boon Kuah said developers are “naturally anxious” about the latest cooling measures, but they understand the government’s push for “a soft landing of the property market”. 336 words
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Article36 2013-02-16 1 BUMPER IPO MAPLETREE Investments will be listing a Reit on March 7 that is expected to raise about $1.6 billion in gross proceeds, making it the largest IPO to date. 636 words
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Article28 2013-02-16 1 PLEASANT SURPRISE OCBC Bank yesterday posted a better-than-expected net profit for the fourth quarter of $663 million, up 12 per cent. 1228 words
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852 2013-02-16 1 Mindy Tan - Excluding ECs, 2,01 3 deals are struck in January the highest in 4 months; buyers also attracted by developers’ discounts and rebates in the wake of cooling measures By Mindy Tan tanmindy@sph.com.sg Singapore PRIVATE-HOME sales surged 42.8 per cent in January from the852 words
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512 2013-02-16 1 Chuang Peck Ming - Performance bonuses, which averaged 2.04 months’ salary last year, are projected to fall 17% to 1.7 months’ pay in 2013 By Chuang Peck Ming peckming@sph.com.sg Singapore WORKERS in Singapore are likely to see a deep cut in performance512 words
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Page 1 Advertisements
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Advertisement40 2013-02-16 1 the business times www. usinesstimes.com. g FEBRUARY 16-17, 2013 S$1.00 MICA (P) 075/08/2012 WEALTH Bearishness over gold on the rise 30-31 CEOS' HAWKER CHOICES Pratamania L10-12 MOTORING Lamborghini's Aventador Roadster L19 THE RAFFLES CONVERSATION Israel’s Chief Scientist Avi Hasson 10-1140 words
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Advertisement7 2013-02-16 1 LIVING Love me, love my mini-me L2-47 words
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TOP STORIES
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MARKETS
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Article57 2013-02-16 2 HSTI 3,283.07 (-7.40) HSTI FUTURES 3,283.00 (-8.00) HSIMSCI 370.75 (-0.67) HSIMSCI FUTURES 370.50 (-1.80) Friday Change KL COMP 1,627.93 -2.96 NIKKEI 225 11,173.83 -133.45 HANG SENG 23,444.56 +31.31 SET 1,521.52 -5.22 JAKARTA 4,609.79 +21.11 MANILA 6,521.64 +8.23 KOSPI 1,981.18 +1.57 SHENZHEN B Closed MUMBAI IND 19,468.15 -29.03 11am EST57 words
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Article29 2013-02-16 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.221 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article48 2013-02-16 2 US$ S$ US$ (S$ per US$) 1.235 (US$/S$ per 1.555 1.920 EURO(US$/S$/€) 1.338 1.652 Foreign currency per US$ S$ YEN 92.60 74.90 RM 3.094 2.505 HK$ 7.755 6.278 BAHT 29.85 24.17 RUPIAH 9,663 7,822 RENMINBI 6.233 5.046 INDIAN RUPEE 53.98 43.70 A$ 0.965 0.781 NZ$ 1.174 0.95148 words
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711 2013-02-16 2 Factory output falls 0.4%, dragged down by decline in auto and auto parts production LATEST US DATA Reuters AP New York US consumer sentiment improved this month, buoyed by signs of increased hiring even as US manufacturing got off to a weak start this year.Reuters; AP - 711 words
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Article, Illustration608 2013-02-16 3 Ong Chor Hao - But they understand govt’s push for soft landing of property market, says new Redas head, and support the population roadmap By Ong Chor Hao ongch@sph.com.sg Singapore THE new head of the Real Estate Developers’ Association of Singapore (Redas) says developers here are “naturally anxious” aboutPHOTO: YEN MENG JIIN - 608 words
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Article, Illustration736 2013-02-16 4 Finance chiefs will grapple with Japan’s use of monetary stimulus to propel its economy and G-7 promise not to target exchange rates Bloomberg Moscow GLOBAL finance chiefs are seeking to find common ground on currencies after an effort to calm tensions between richBloomberg; PHOTO: AFP - 736 words
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532 2013-02-16 5 Siow Li Sen - COO says the drawdown in 2013 of home loans sold in 2010 and 2011 will cushion the fall in new sales By Siow Li Sen lisen@sph.com.sg Singapore OCBC Bank expects new home loan sales to fall up to 30 per532 words
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Article, Illustration720 2013-02-16 5 Regulators in region yet to unveil details on subordinated debt IFR Basel ASIAN banks are stuck in a regulatory limbo that is making it impossible for them to issue capital-eligible debt. This is forcing them to slow their rate of lending with potentiallyIFR; PHOTO: BLOOMBERG - 720 words
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550 2013-02-16 6 Andrea Soh - Reit will hold two properties: a retail mall in Hong Kong and an office building in Beijing By Andrea Soh sandrea@sph.com.sg Singapore IN another sign that the initial public offering (IPO) market is revving up, Mapletree Investments will be listing a550 words
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Article, Illustration396 2013-02-16 6 Kalpana Rashiwala - CDL Hospitality Trusts, Indonesian party among those tipped as potential buyers By Kalpana Rashiwala kalpana@sph.com.sg Singapore NEGOTIATIONS are going on for a potential sale of Park Regis Singapore. The list of potential buyers is said to include CDL Hospitality Trusts (CDLHT),THE STRAITS TIMES FILE PHOTO - 396 words
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Article, Illustration543 2013-02-16 7 Lee Meixian - Surprise drop due largely to weaker car sales; consensus among analysts was year-on-year growth of 0.2% By Lee Meixian leemx@sph.com.sg Singapore LAST December’s retail sales remained in year-on-year decline this time falling 1.5 per cent, below consensus among analysts of a 0.2 per cent growth.FILE PHOTO - 543 words
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Article, Illustration708 2013-02-16 8 Grace Leong - Asok’s alleged representations led AMW to prematurely exit the Park Regis project By Grace Leong gleong@sph.com.sg Singapore A SPAT between AMW Park Regis Singapore and Royal Brothers Group co-founder Asok Kumar Naraindas over its rightful share of profits from the sale of ParkTHE STRAITS TIMES FILE PHOTO - 708 words
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Article, Illustration563 2013-02-16 8 S Jayasankaran - Ex-PM defends Najib’s handling of economy, debt of 53% of GDP By S Jayasankaran btworld@sph.com.sg Kuala Lumpur FORMER Malaysian premier Mahathir Mohamad has come out to defend Prime Minister Najib Razak’s handling of the economy, saying yesterday that the country’s debt563 words
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Page 2 Advertisements
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Advertisement76 2013-02-16 2 CONTENTS LIVING Design L2-4 Dining L5-9 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 Investing 32-33 Househunt 34 Real Estate 35 Hawker Choices L10-11 Gadgets L13 Health L14-15 Sport,76 words
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Page 7 Advertisements
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Advertisement27 2013-02-16 7 1 FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise s I ■I) I r~~27 words
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Advertisement250 2013-02-16 7 THE BUSINESS TIMES SATURDAY SPECIAL Have a drink on us! Enjoy a complimentary bottle of d’Arenberg ’Stumpjump’ Chardonnay or Shiraz wine worth over $80 from Fandango Tapas and Wine Bar with this advertisement! Venue Fandango Tapas and Wine Bar, 30 Victoria Street, Chijmes #01-17, Tel: 6333 3450 Website: www.fandango.com.sg Terms250 words
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WEEK IN REVIEW
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THIS WEEK Feb 11-Feb 15, 2013
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71 2013-02-16 9 A FINANCING revolution is needed if the long-term funding demands of the world’s major advanced and emerging economies, especially China, are to be met in coming years, a report suggests. The report from the Group of Thirty is a strong indictment of the short-ter-mism that71 words
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56 2013-02-16 9 WHAT’S in store in this Chinese Year of the Snake and a black water snake at that? The question takes on an added significance given that Xi Jinping, who is taking the helm in China this year, was born56 words
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51 2013-02-16 9 CHINA is widely tipped to target London for its next clearing arrangement in the Chinese currency after rolling across Asia. The country’s central bank had said last Friday that the Singapore branch of Industrial and Commercial Bank of China would be Singapore’s renminbi clearing51 words
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68 2013-02-16 9 BUSINESS conditions improved in the fourth quarter of 2012, according to the latest BT-UniSIM Business Climate Survey, which forecasts GDP growth of 2.2 per cent to 2.5 per cent for the first quarter of this year. The number of firms reporting a contraction68 words
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50 2013-02-16 9 CONTRARY to a recent report, the US economic recovery is gradually accelerating and should continue to do so, barring a shock from the Federal Reserve or Congress. Weekly unemployment data points at the strongest jobs market since the Great Recession began in 2007.50 words
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80 2013-02-16 9 THE world’s major industrial nations sought to soothe mounting fears of a currency war with a pledge to avoid devaluing their exchange rates in the pursuit of stronger economic growth. “We reaffirm that our fiscal and monetary policies have been and will80 words
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73 2013-02-16 9 FOCUSING on America’s fragile economy and on the need to create new jobs, President Barack Obama has urged US lawmakers to approve legislation to invest in projects to boost the economy, including infrastructure, research and education. He also wants to raise the federal73 words
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Article, Illustration82 2013-02-16 9 ON the phone with BT on Wednesday, Neil Montefiore is laughing when he is not chortling. There is plenty for StarHub’s CEO to guffaw about as he prepares to retire by month-end for he’s finishing strong, with the company’s share priceFILE PHOTO - 82 words
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59 2013-02-16 9 AS flooding in Jakarta highlights the dismal state of Indonesia’s infrastructure, a potential US$200 billion pipeline of power plants, water systems and toll roads presents “huge opportunities” for the region’s banks, engineering companies and law firms, says the country’s agencies charged with reach- ing59 words
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54 2013-02-16 9 EVEN as businesses made their concerns over the future slowdown in workforce growth loud and clear last week, economists and others say more foreign worker curbs may be announced as soon as this month when the government presents its Budget for the new fiscal54 words
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47 2013-02-16 9 BANK of Japan governor Masaaki Shirakawa has defended Japan against growing international clamour over the impact of the central bank’s stepped-up monetary easing on the yen exchange rate. He denied flatly that the BOJ has been targeting the exchange rate.47 words
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Article80 2013-02-16 9 US DATA Feb 19 Housing market index Feb 20 Housing starts Producer price index Feb 21 Philadelphia Fed survey Jobless claims Consumer price index EVENTS Feb 18 Tokyo Bank of Japan Publishes minutes of Jan 21-22 monetary policy meeting Brussels European Central Bank president Mario Draghi80 words
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Page 9 Miscellaneous
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Miscellaneous315 2013-02-16 9 Across 1 Same ship, different stress (8) 6 Not French, but Latin accepted (6) 9 Garden flower periodical (6) 10 Shared a good round of golf? (8) 11 You may lose a whole day going over it (4,4) 12 Satisfactorily completed and mended (4,2) 13 Not the complete games player?315 words
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Miscellaneous14 2013-02-16 9 SATURDAY with Ludwig ‘We’ll have to update our branding strategy everyone is avoiding us14 words
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THE RAFFLES CONVERSATION
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Article, Illustration2672 2013-02-16 10 / 11 Anna Teo - Israe l ’s hief Scientist Avi Hasson talks about the cornerstones of the Israeli psyche such as determination l and guts that have kept his nation at the forefront of i nnovation. By Anna Teo l By Anna Teo anna@sph.com.sg IF Israel takes a leaf out ofPHOTO: YEN MENG JIIN - 2,672 words
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COMPANY NEWS
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Article, Illustration722 2013-02-16 12 Siow Li Sen - Bank decides against special dividend despite big Q3 divestment gains earnings being retained for business expansion Reports by Siow Li Sen lisen@sph.com.sg Singapore OCBC Bank yesterday posted a better-than-expected net profit for the fourth quarter of 2012 of $663 million up 12 perPHOTO: BLOOMBERG - 722 words
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362 2013-02-16 12 OCBC Bank is focusing on growing its business in Indonesia and Greater China as well as on wealth management areas in which it sees strongest growth potential. Its chief executive, Samuel Tsien, yesterday said that the bank was retaining the divestment gain362 words
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443 2013-02-16 13 Ong Chor Hao - For FY2012, all its business sectors posted higher or comparable revenues from the year before By Ong Chor Hao ongch@sph.com.sg Singapore SINGAPORE Technologies Engineering has posted a full-year net profit of $576 million, 9.2 per cent higher than the $528 million a443 words
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Article, Illustration743 2013-02-16 13 The company is seeking a foothold in a nation where only 9% of the country’s 64 million people have handsets Bloomberg Singapore SINGAPORE Telecommunications Ltd, South-east Asia’s biggest phone company, wants to focus on wireless services in Myanmar as it vies for theBloomberg; PHOTO: BLOOMBERG - 743 words
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Article, Illustration396 2013-02-16 14 Andrea Soh - Subordinate Court will also be assessing damages that the roast duck chain has to pay Soup Restaurant By Andrea Soh sandrea@sph.com.sg Singapore THE fracas between the Soup Restaurant Group famous for its samsui ginger chicken and roast duck chain Dian Xiao Er mightFILE PHOTO - 396 words
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210 2013-02-16 14 Angela Teng - By Angela Teng angeteng@sph.com.sg Singapore YOMA Strategic Holdings’ wholly owned subsidiary, Elite Matrix International Ltd, has established a joint venture company with First Myanmar Investment Co Ltd (FMI) to manage after-sales services for Mitsubishi Motors in Myanmar. The JV company will210 words
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330 2013-02-16 14 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore PROFIT warnings have continued apace among listed firms here, as two more companies flagged losses yesterday ahead of the fourth quarter results season. Chaswood Resources Holding and Cityneon Holdings yesterday warned of net losses for their fiscal year ended330 words
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Article, Illustration627 2013-02-16 15 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent ON the face of it, the Straits Times Index’s crossing of the 3,300 mark to hit a 29-month high of 3,301.04 on Wednesday was the highlight of the week, but equally significant was the fact that Thursday’s627 words
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338 2013-02-16 15 Bond funds attracted a net US$2.6b in the week to Feb 1 3, while stocks drew US$1 .8b Bloomberg Singapore BOND funds lured more weekly inflows than stocks for the first time in 10 weeks as investors sold USBloomberg - 338 words
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Article96 2013-02-16 15 vot am IPJIP Hill U/V3M iC QD QO Mu?iwar Mi^oc Cfi t4 flfl M KMvxrSCT 2 i: 1 »*V U-.* •05 VMM as/**? cu M*rt Wvin i^JLtaO i.i y.i 7.7 f'j^prcv •in w r£ n 115^liw uisMCttp irj^a iru a.’ iu iuiimm.* i i S* rs i96 words
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Article111 2013-02-16 15 Stock name Close Change CapMallsAsia 2.120 -0.010 CapitaLand 3.910 +0.010 CapitaMall 2.180 +0.030 CityDev 11.43 +0.010 ComfortDelGro 1.890 -0.010 DBS Grp 15.00 -0.010 F&N 9.440 +0.010 GLP 2.700 +0.010 Genting SP 1.580 -0.020 Golden Agri 0.650 HK Land 7.900 -0.090 IHH Healthcare 1.335 +0.015 JMH 62.88 -0.020 JSH111 words
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Article61 2013-02-16 15 BY CENTS CLOSE UP DBXT SPASX200 10US$ 4081 140.8 2.9 IS S&P500 ***** 130.9 0.7 DairyFarm 1346 65.5 4.1 Hyflux 6% CPS 10 ***** 50.0 0.5 JSH 3810 25.9 0.6 DBXT MSTHAI 10US$ 2223 22.2 0.8 DBXT MSAsExJp 10US$ 3395 17.3 0.4 Raffles Med 328 17.0 5.5 DBXT61 words
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Article62 2013-02-16 15 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -169.2 -1.2 GLD 10US$ ***** -159.3 -0.8 DBXT MSEurope 10US$ 4997 -48.2 -0.8 Jardine C&C 5160 -37.0 -0.7 DBXT MSINDIA 10US$ 901 -25.9 -2.3 Lyxor EasternEurope1 480 -25.9 -4.2 CIMBAsean40 100US$ 1117 -21.0 -1.5 DBS Bk 4.7% NCPS 100 ***** -14.062 words
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Page 14 Advertisements
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Advertisement25 2013-02-16 14 Uhk A KISS92 U#*grr****P CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm @kiss92fm25 words
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Page 15 Advertisements
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Advertisement25 2013-02-16 15 Career choices... ma* ,r Looking for a rewarding career? Check out CATS FASTADS in The New Paper Professionals/ Executives classification. WATS BUY IT-SELL IT-FIND IT25 words
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FROM THE DESK OF
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Article, Illustration912 2013-02-16 16 Ewan Gray - With lightning-fast Internet access via 4G networks and increasingly sophisticated mobile phones, you can now book a vacation on the go FROM THE DESK OF Ewan Gray Director APAC, Skyscanner THANKS to recent advances in technology, booking our next holiday no longer means a visit912 words
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SINGAPORE NEWS
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Article, Illustration732 2013-02-16 17 Ong Chor Hao - Uncertainty over renewal or extension of leases and foreign labour crunch put investment returns in doubt By Ong Chor Hao ongch@sph.com.sg WHILE Singapore is expected to get bigger by 2030, land for agricultural use could yet shrink, sparking concern among some farmers. The LandFILE PHOTO - 732 words
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Article526 2013-02-16 17 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg TO minimise operational disruptions, generating companies here will be allowed to continue “bridging” use of additional piped natural gas (PNG) supplies for power production right up till, and including the day before, the “target commencement date” of the multi-billion-dollar Singapore LNG526 words
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298 2013-02-16 17 Ven Sreenivasan - By Ven Sreenivasan ven@sph.com.sg THE High Court has overturned a conviction against the chairman of the SilkAir branch of the Air Line Pilots Association Singapore for punching a neighbour. The High Court yesterday allowed Ajmer Singh Ajit Singh’s appeal and said the District Court298 words
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Article, Illustration594 2013-02-16 18 Wee Le Ting - NEL breakdowns corrosion the cause Transport Minister Lui Tuck Yew gives overview of measures to raise long-term reliability of rail system By Wee Le Ting ltwee@sph.com.sg CORROSION has been named as the main culprit behind the three NorthEast line (NEL) breakdowns of the past year. The Land Transport Authority (LTA)FILE PHOTO - 594 words
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286 2013-02-16 18 Wee Le Ting - By Wee Le Ting THE Fare Review Mechanism Committee (FRMC) tasked to look into transport fare formula and affordability is expected to submit its report by the end of May. This was revealed yesterday by Transport Minister Lui Tuck Yew during a visit to286 words
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Page 18 Advertisements
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Advertisement42 2013-02-16 18 landed B °ev' t U£ s ™*Ta bu nglToniy' ST EXc LUSIVE tome nG h 5200sf beauty. me Absolute QUALITY FINISHES Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT SELL IT FIND IT42 words
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WORLD
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Article, Illustration552 2013-02-16 19 It aims to raise half of the US$1 1 0b needed to replace mandated spending cuts AFP Washington SENATE Democrats unveiled a plan on Thursday to avert billions of dollars in looming budget cuts, but Republicans are opposed to raising new revenueAFP; PHOTO: AFP - 552 words
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546 2013-02-16 19 Former JPMorgan trader could shed light on its losses Bloomberg New York LEHMAN Brothers Holdings wants Bruno Iksil, the former JPMorgan Chase trader known as the London Whale, to answer questions about losses that Lehman says spurred unnecessary collateral calls that helped force itBloomberg - 546 words
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255 2013-02-16 19 AP Frankfurt GERMANY’S Commerzbank says it’s making progress in reshaping its business but still has “a long way to go” as higher shipping loan losses and low interest rates continue to squeeze profits. The bank yesterday provided details on its fourth-quarterAP - 255 words
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603 2013-02-16 20 European Commission’s move sparks sharp reaction from FTT’s opponents such as UK AFP Brussels A FINANCIAL transaction tax to be adopted by 11 European Union (EU) states should raise 30 billion euros (S$50 billion) to 35 billion euros each year but the levyAFP - 603 words
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355 2013-02-16 20 AP Washington THE US Justice Department has closed an investigation of a proposed merger between Penguin and Random House and will take no action to stop the deal that would create the world’s largest publisher of consumer books. Media companyAP - 355 words
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Article, Illustration470 2013-02-16 21 Buffett-led US$23b deal for Heinz takes total this year to US$219b, against US85b last year AP New York COMPANIES are buying each other again. This year was shaping up to be one of the biggest for mergers and acquisitions since 2007. Then, onAP; PHOTO: BLOOMBERG - 470 words
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Article565 2013-02-16 21 Jeff Pao - By Jeff Pao Hong Kong EJ Insight FUND management could become a significant new income stream for Chinese banks in the coming years, helping them offset some of the pressure arising from narrowed margins in their loan business due to interest-rate liberalisation and growing competitionEJ Insight - 565 words
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372 2013-02-16 21 Bloomberg Los Angeles VIVENDI SA’s Universal Music Group, the world’s biggest record company, has agreed to sell the label of Black Sabbath, Iron Maiden and Megadeth to BMG Rights Management as part of disposals required by regulators. The deal for Sanctuary Records isBloomberg - 372 words
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293 2013-02-16 22 AFP New Delhi INDIA yesterday said it has started the process of cancelling a US$748 million deal for 12 Italian helicopters amid allegations that the contract was won through kickbacks. The ministry of defence said in a statement that it had “initiated action forAFP - 293 words
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441 2013-02-16 22 The IPO, Russia’s biggest since 2007, values exchange at 126.9b roubles Bloomberg Moscow THE Moscow Exchange raised 15 billion roubles (S$616 million) in the biggest initial public offering (IPO) on Russia’s bourse since 2007, pricing at the bottom of its target range.Bloomberg - 441 words
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Article, Illustration425 2013-02-16 22 Bloomberg AP Moscow A METEOR exploded in the skies above Russia’s Urals region yesterday, sending shock waves that smashed windows and injuring hundreds of people. Meanwhile, an asteroid half the size of a football field is closing in on Earth. More than 725 peopleBloomberg; AP; PHOTO: AP - 425 words
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Page 20 Advertisements
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Advertisement69 2013-02-16 20 I CONSISTENTLY DANANG TAKE PART IN THE NIKE OPEN 2013! TRY OUT THE LATEST VR_S COVERT DRIVER ON THE LAGUNA NATIONAL WORLD CLASSIC COURSE MARCH 7, 2013, THURSDAY 11.00 AM TO 9.30 PM S$550 PER PERSON iiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiimiiiimiiiiiiiiii Sign up and receive a fantastic goodie bag worth more than S$400 that69 words
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Advertisement16 2013-02-16 20 www.omy.sg c n .k V' -a WIN passes to meet Kim Jong Kook in person! showbiz.omy.sg16 words
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Page 22 Advertisements
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Advertisement20 2013-02-16 22 Hongkongers starting to view "rich second generation" with hostility starting to view To subscribe, call 6388-3838 or go to sphsubscription.com.sg20 words
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Article8267 2013-02-16 23 Transaction date: Feb 15 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 11.4 8Telecom 13.5 13.3 15 66.8 0.4 3.2 64.7 5.8 3 A-Sonic 4.1 +0.1 3 4.1 4.1 4.1 4.6 3.2 29.48,267 words
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Article1903 2013-02-16 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 $mil 21.5 15 t 800 Super 20 -1 573 20.5 20 19.7 20.5 3.3 5 6 35.8 4 2.8 t AA Grp 2.8 3.2 3.5 2.71,903 words
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Article186 2013-02-16 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 3 0 0 0 7 6 3 Manufacturing 61 46 56 9 10 7 70 56 63 Commerce 29 24 13 2 5 5 31 29 18 Tpt/Stor/Comms 21 12 10186 words
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Article793 2013-02-16 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Cache Logistics 8-Feb-13 Moses K. Song Sell 250 1.27 250 0.04 0 0.00 Etika Int'l Holdings 8-Feb-13793 words
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Article123 2013-02-16 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 140,229 140,229 56,348 56,348 Manufacturing 1,165,038 730,255 1,895,293 295,881 15,438 311,319 Commerce 606,979 178,364 785,343 119,267 23,669 142,937 Tpt/Stor/Comms 257,154 21,564 278,718 250,809 7,570 258,379 Finance 137,148 225 137,373 155,004 68 155,073 Construction 1,199,873 209,116123 words
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MARKETS
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Article80 2013-02-16 27 Feb 14 COCOA (£/tonne) Close Prev High/Low Mar 13 1418 1423 1429/1413 May 13 1427 1432 1438/1421 Jul 13 1438 1443 1446/1433 Sep 13 1446 1451 1455/1445 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2030 2066 2080/2028 May 13 2059 2092 2107/2058 Jul 13 2069 2101 2114/2069 Sep 13 207780 words
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Article67 2013-02-16 27 Feb 15 GOLD(US$/oz) Feb 14 Feb 15 Hong Kong 1656.00 1643.30 Feb 13 Feb 14 London 1643.96 1639.56 1644.87 1640.33 Source: Thomson Reuters savf-a Sdftng I3w/0ig 1 oj 37.76 37.11 Source: UOB PLATINUM nh u (Jour prw/tai* PM Fl* 1724,Ufl 1730.00 AM Fi« l77b,0d 177 1 00 Source: LPPM67 words
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Article57 2013-02-16 27 Feb 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2428.0 2436.0 2428.0 2428.0 1 1167 Mar 13 2486.0 2475.0 2495.0 2445.0 2140 ***** Apr 13 2505.0 2495.0 2521.0 2476.0 ***** ***** May 13 2520.0 2512.057 words
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Article88 2013-02-16 27 Feb 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 16-May-13 0.26 6-Month BS*****Z 12-Aug-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 99.96 100.00 100.00 5-Year N*****0Z 2.37588 words
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Article154 2013-02-16 27 Feb 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2800 1.2805 1.0363 1.0366 Canadian dollar 1.2341 1.2344 0.9993 0.9991 Euro 1.6518 1.6525 1.3373 1.3377 NZ dollar 1.0514 1.0521 0.8512 0.8517 Sterling pound 1.9200 1.9205 1.5544 1.5547154 words
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Article121 2013-02-16 27 Feb 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.262 1.202 Euro 1.688 1.608 Sterling pound 1.947 1.873 NZ dollar 1.085 1.024 US dollar 1.258 1.199 Local dollars to 100 units of foreign currency: Currencies Sell121 words
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Article104 2013-02-16 27 Feb 14 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 13 1418.00 1423.00 1428.75 1406.00 May 13 1408.50 1413.50 1419.00 1395.00 Jul 13 1399.25 1404.75 1409.00 1386.50 Aug 13 1363.25 1369.50 1373.25 1353.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 13 51.70 51.66 51.78104 words
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STOCK MARKETS
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Article, Illustration20 2013-02-16 27 YTD change: +3.66% 52-week high: 3,319.19 on Feb 4,2013 52-week low: 2,698.90 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-02-16 27 YTD change: +3.48% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration27 2013-02-16 27 YTD change: +7.20% 52-week high: 2,478.38 on Feb 27,2012 52-week low: 1,949.46 on Dec 4,2012 (Chart shows Feb 8 index closing) Source: BloombergSource: Bloomberg - 27 words
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Article, Illustration19 2013-02-16 27 YTD change: +7.49% 52-week high: 11,498.42 on Feb 6,2013 52-week low: 8,238.96 on June 4,2012 Source: BloombergSource: Bloomberg - 19 words
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Article, Illustration26 2013-02-16 27 YTD change: +6.63% 52-week high: 14,038.97 on Feb 12,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 26 words
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Article68 2013-02-16 27 Feb 14 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 118.04 0.15 WTI (Near Mth) 97.36 0.30 Dubai (1-Mth F) 113.15 -0.40 Tapis blend 123.97 -0.36 Minas 120.47 -0.36 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.67 0.45 Jet Kerosene 136.51 -0.53 US$/barrel OpecOil Basket Price 114.9468 words
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Article69 2013-02-16 27 Feb 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2115.25 2100.00 3 months 2157.00 2142.00 Copper, Grade A (US$/tonne) Cash 8205.25 8190.25 3 months 8240.00 8226.00 Lead (US$/tonne) Cash 2394.25 2387.75 3 months 2406.50 2402.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2013-02-16 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 14 Index Change Change Change Change Change Change World Preliminary 997.7 -0.2 6.3 -0.5 6.6 -0.2 5.4 EAFE Preliminary 824.8 -0.2 6.5 -0.6 5.5 -0.4 4.3 Europe Preliminary 1203.7 -0.4 4.9373 words
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PERSPECTIVE
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Article, Illustration1446 2013-02-16 28 / 29 David Sandison - A tongue-in-cheek look at the upcoming Budget. By David Sandison ~The writer is a partner at PricewaterhouseCoopers LLP ABOUT five weeks ago, I was asked to write an article that might be relevant to the upcoming Singapore Budget. “I k n o w” IPHOTO: AFP - 1,446 words
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826 2013-02-16 28 / 29 Filippo Sarti - By Filippo Sarti ~The writer is CEO, Regus Asia ARACK and Michelle Obama did it. Bill and Melinda Gates did it. Brad Pitt and Angelina Jolie did it. And so did thousands of other people all over the world, with or without happy endings. What826 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1458 2013-02-16 30 / 31 Analysts expect prices to fall next week as speculation mounts that improving global growth would curb demand for the yellow metal Bloomberg London GOLD traders are the most bearish in more than a year on mounting speculation that improving economic growth from the UnitedBloomberg; PHOTO: STOCK.XCHNG - 1,458 words
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Article802 2013-02-16 30 / 31 Lynn Kan - Compiled by Lynn Kan Oversea Chinese Banking Corporation Neutral OSK Research Jan 15 Close: $9.99 OCBC reported Q4 2012 net profit of $663 million, up 12 per cent y-o-y. However, this is 8 per cent lower versus Q3 2012’s core $724 million arising from Q3 2012 gains from802 words
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Article, Illustration866 2013-02-16 32 Genevieve Cua - Investors should adjust their expectations of returns from high-yield bonds downwards Genevieve Cua gen@sph.com.sg Personal Finance Editor Rock-bottom interest rates present investors with a stark and difficult choice of income or safety, says Oaktree Capital Management chairman Howard Marks. The dilemma, he says, is thatPHOTOS: REUTERS; ARTHUR LEE - 866 words
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Article, Illustration1110 2013-02-16 33 Your most important asset is yourself Unlike stocks and bonds, you have full control over your human capital NYT New York WHAT is probably your most important asset? Stocks? Bonds? Real estate? Collectibles? None of the above. It is human capital. Although most of the focus in wealth planning isNYT; PHOTO: STOCK.XCHNG - 1,110 words
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WEALTH REAL ESTATE
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Article1031 2013-02-16 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 16 AND JAN 22, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 22/01/2013 99 764 1880 2460 Spottiswoode Suites Apt 18/01/2013 FH 452 9531,031 words
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Article, Illustration431 2013-02-16 35 Teo Si Jia - Q4 numbers mark second consecutive quarter that net allocation is in negative territory By Teo Si Jia teosj@sph.com.sg Singapore NET allocation of JTC’s readybuilt facilities (RBF) was a negative 3,200 square metres (sqm) for the final quarter of 2012, making the October-December periodARTIST’S IMPRESSION - 431 words
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923 2013-02-16 35 Bloom berg London WELLS Fargo Co, the US lender that’s expanding its securities unit to challenge Wall Street competitors, is broadening UK commercial property lending as European banks are forced to retreat. “Coming in now, when there is scarcity of capital, weBloomberg - 923 words
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Page 36 Advertisements
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Advertisement166 2013-02-16 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND166 words
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Advertisement77 2013-02-16 1 DINING Hidden bars revealed L5-7 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 16-17 2013 LOVE ME, LOVE MY MINI-ME The biggest names in designer furniture bow to the demands of tiny tots L2-4 CEO'S HAWKER CHOICES 2013 Dough the right thing with prata L10-12 PHOTO: PANTON JUNIOR CHAIR FROM SPACE FURNITURE HEALTH77 words
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BT Living
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DESIGN
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Article, Illustration1586 2013-02-16 2 / 3 Tay Suan Chiang - Renowned home design brands such as Philippe Starck and Knoll are rolling out furniture for tiny tots and parents just can’t seem to get enough. By Tay By Tay Suan Chiang taysc@sph.com.sg WITH fashionista parents showing no qualms about dressing their kids in luxury brands, what’sPHOTO: JOSEPH NAIR; PHOTOS: SPACE, GRAFUNKT, POMELO, LIFESTOREY, XTRA, DREAM, MARQUIS@QSQUARE - 1,586 words
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DINING
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Article, Illustration686 2013-02-16 5 Debbie Yong - Three bar owners tell BT Weekend how they turn unexpected obstacles and odd layouts into under-the-radar watering holes that channel the Prohibition vibe By Debbie Yong debyong@sph.com.sg The Mad Men Attic Bar 11 North Canal Road #03-02Z6222 3529 Hours: 5pm-1am (Mon-Thu), 5pm-3am (Fri-Sat) A ROOFTOP bar deep inPHOTOS: DEBBIE YONG - 686 words
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Article, Illustration718 2013-02-16 5 Debbie Yong - By Debbie Yong debyong@sph.com.sg Fordham Grand 43 Craig RoadZ6221 3088 Hours: 6pm-3am daily IF you’re the type of foodie who likes to hobnob with hip local chefs and of-the-moment bartenders, or you’re a frazzled executive used to knocking off late with no restaurants left open to grabPHOTO: FORDHAM AND GRAND; PHOTOS: FORDHAM AND GRAND - 718 words
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Article, Illustration683 2013-02-16 6 / 7 Sara Yap - By Sara Yap sarayap@sph.com.sg Pitmasters 359 Beach RoadZ6292 4916 Hours: 11:30 am-2:30 pm (deli), 5pm-late (drinks), 6-10 pm (restaurant), 10.30 pm-late (bar) TUCKED away in a row of shops that include a pizza outlet and steamboat eatery, Pitmasters is in an odd location for a bar. AtPHOTOS: SARA YAP, BTD - 683 words
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PROFILE
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Article, Illustration1261 2013-02-16 8 Debbie Yong - Forty years after revolutionising British cuisine with his French cooking, Michel Roux Sr wants to do the same in Vietnam. Debbie Yong meets the culinary legend at his two-month-old Danang restaurant Debbie Yong debyong@sph.com.sg WHAT challenge is there left for a chef who has worked in1,261 words
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CEOS' HAWKER CHOICES 2013
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Article, Illustration2456 2013-02-16 10 / 11 Tay Suan Chiang; Geoffrey Eu; Debbie Yong; Natalie Koh - From breakfast to supper, roti prata is chowed down by hungry Singaporeans throughout the day. This round-the-clock Indian pancake snack from the Punjab region is commonly eaten with curry or sugar, but hawkers here have come up with their own variations, which now include anything from cheese to chocolatePHOTOS: YEN MENG JIIN; PHOTOS: DEBBIE YONG - 2,456 words
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Article, Illustration418 2013-02-16 12 Tay Suan Chiang - By Tay Suan Chiang Eric Cheng CEO, ECG Group of companies BUSINESSMAN Eric Cheng is the sort who, when he loves a particular food, will keep going back for it. The Roti Prata House in Upper Thomson Road has been one of his constant destinations for thePHOTO: YEN MENG JIIN - 418 words
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GADGETS
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Article, Illustration786 2013-02-16 13 Christopher Lim - Two unique and contrasting compact cameras show how far brands are willing to go to reinvent the category. By Christopher Lim By Christopher Lim limchris@sph.com.sg Samsung Galaxy Camera $698 THE first thing that strikes you after using the Samsung Galaxy Camera for a few minutes is its intuitiveness.786 words
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HEALTH
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Article, Illustration1042 2013-02-16 14 Michael Lim - It is a myth that if you are able to exercise actively without symptoms, you will not have heart disease. By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal ofPHOTO: REUTERS - 1,042 words
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Article, Illustration653 2013-02-16 15 Cheah Ui-Hoon - Balloon sinuplasty, a form of surgery which is functional and conservative, is one way to treat chronic sinusitis. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg THE move to minimally invasive surgery methods means that surgery is often more conservative, preserving as much as possible ofFILE PHOTO - 653 words
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SPORT
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Article, Illustration1095 2013-02-16 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent THERE was a big shake-up at sports television network ESPN a fortnight ago when it was renamed Fox Sports across South-east Asia, including Singapore. he move came after Fox Sports’ parent company, the Rupert Murdo-ch-owned News Corporation,PHOTO: TNP FILE PHOTO - 1,095 words
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GOLF
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Article, Illustration861 2013-02-16 17 Justine Moss - It is that time of the year when major golfing brands unleash their new products on the market at the start of a new golfing calendar. Justine Moss tries out some Justine Moss btnews@sph.com.sg Callaway X Hot Drivers Fairway Woods This new line of X Hot Drivers861 words
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MOTORING
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Article, Illustration609 2013-02-16 18 CY Chew - The Subaru XV is a reliable work-horse that gets daily jobs done. By CY Chew By CY Chew btnews@sph.com.sg PLAYING multiple roles is what lots of us do on a daily basis. Father, husband, golf buddy, employee the list goes on. Think of the Subaru XV Crossover in609 words
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Article, Illustration605 2013-02-16 19 Samuel Ee - Samuel Ee looks at the Lamborghini Aventador LP700-4 Roadster with its magical V12 soundtrack and sensuous styling Samuel Ee samuelee@sph.com.sg LOUD, sexy and topless this may sound like a description of someone who’s attractive and semi-nude, but not exactly demure. But it isn’t. Instead, it refers to the605 words
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Article, Illustration599 2013-02-16 20 CY Chew - The Nissan Note is a small hatchback with a rather big price tag, says CY Chew btnews@sph.com.sg NISSAN’S latest offering on our shores is the new Note. A fu-el-sipping five-door compact hatchback with a choice of a naturally aspirated or supercharged 1.2-litre engine, the made-in-Japan Nissan Note599 words
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Advertisement998 2013-02-16 6 / 7 wine&dine with BTWeekend Atrium Lounge Level 4, Marina Mandarin Singapore 6 Raffles Boulevard Z6845 1111 Symphony of Love Till Feb 28, 2013 It’s never too late to charm your date with the delicious Chocolate Symphony, where all things chocolate are presented beautifully on a three-tier tray for your indulgence. Be998 words
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Page 9 Advertisements
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Advertisement518 2013-02-16 9 The best of Okinawa Sun, sea, a vibrant culture a d irresistible loc l cuisine… these are some of the many splendid things that Okinawa has come to be associated with. Add the iconic Orion Beer to that and we have the perfect picture of a relaxing sub-tropical paradise, where518 words
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Page 10 / 11 Advertisements
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Advertisement79 2013-02-16 10 / 11 WE UNDERSTAND THE VALUE OF GREAT PARTNERSHIP Knight Frank We are passionate about property and deliver only the highest standards of quality and integrity. We work continuously to meet our clients' real estate needs, which is why we are the largest privately owned global real estate agency. Call us today79 words
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Page 13 Advertisements
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Advertisement32 2013-02-16 13 HOME NEE -SU Keep your produce fresh with a good fridge! To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now WATS BUY IT-SELL IT-FIND IT32 words
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Advertisement262 2013-02-16 15 /f IK IIA -f HEART, STROKE CANCER CENTRE "A medical centre of Singapore Heart, Stroke and Cancer Centre preserving Health and Longevity V u Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Multi-disciplinary team of highly experienced specialists in various fields led by internationally262 words
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