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Thursday, February 14, 2008

Punj Lloyd advances on order win

Punj Lloyd shares rose sharply on Thursday after the construction firm's unit was awarded $282 million contract to built part of the Marina Bay Sans integrated resort in Singapore.

Punj Lloyd unit wins $282 million Singapore contract

 Sembawang Engineers and Constructors, a unit of Punj Lloyd Ltd, said on Thursday it has been awarded a S$400 million ($282 million) contract to build part of the Marina Bay Sands integrated resort in Singapore.

The project, which starts this month and is slated for completion in April 2009, comprises the resort's casino, theatres and retail arcade, Sembawang said in a statement.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
16:30 MBA Mortgage Applications 1 -8.5% 20.0%
18:00 Retail Sales (YoY) 1 4.6% 3.5% Revised from 3.1%
18:00 Retail Sales (MoM) 3 1.4% 1.3% 0.2%
18:00 Retail Sales ex Autos (MoM) 2 0.5% 0.3% 0.7% Revised from 0.3%
18:00 Retail Sales Control Group 3 0.4% 1.3% Revised from 1.0%
18:45 Industrial Production (MoM) 2 -0.2% 0.7%
18:45 Capacity Utilization 1 78.0% 78.2%
19:15 BoC Monetary Policy Report 3
19:15 BoC Monetary Policy Statement 3
19:15 BoC Interest Rate Decision 3 2.75% 2.75%
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