The Business Times, 25 July 1991
1991-07-25
1
46
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The Business Times
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Title Section10 1991-07-25 1 Business Times MCI (P) 16/12/90 Thursday, July 25, 1991 75*10 words
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NEWS SUMMARY
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56 1991-07-25 1 WASHINGTON Orders for durable goods fell unexpectedly in June after two months of solid gains as demand waned for industrial machinery and electronic components, the Commerce Department said. The 1.6 cent decrease followed hefty gains of 2 per cent in May56 words
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42 1991-07-25 1 LONDON A one percentage point cut in UK interest rates to 10 per cent would boost business confidence and hasten Britain's recovery from recession, said Miles Middleton. president of the British Chambers of Commerce.42 words
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Article19 1991-07-25 1 SINGAPORE has been warned about the negative impact of overly high wage increases Page 219 words
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Article39 1991-07-25 1 SENTOSA Development Corporation has given Khamis Holdings exactly one week to submit its revised building programmes and to catch up with delays on its $85 million hotel and $10 million village-cum-bazaar projects on Sentosa Page 239 words
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Article26 1991-07-25 1 ASEAN will negotiate with the European Community the renewal of their textile pact as a group to strengthen its bargaining power Page 726 words
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Article35 1991-07-25 1 MALAYSIA'S National Land Council had approved a guideline allowing owners of land acquired by the government for development purposes to tender for work in the projects to be carried out Page 735 words
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Article27 1991-07-25 1 GATT negotiators are trying out a new formula to bring the rich international commerce in services within the rules of free trade Page 927 words
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Article17 1991-07-25 1 THE WORST may be over for the eastern German economy, says the government. Page 917 words
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Article19 1991-07-25 1 COUTURE is still alive, judging from the latest creations by Gianni Versace and Christian Lacroix Page 1719 words
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Article30 1991-07-25 1 THE Jurong Town Corporation is planning to build a huge warehousing complex, which sources say will be even larger than the keppel Distripark. Shipping Times Page 130 words
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NEWS & MARKETS SUMMARY
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Article33 1991-07-25 1 WALL STREET was mixed early yesterday as traders studied some weaker-than-expected economic news. The Dow Jones average of 30 industrials dropped 8.50 points to 2,974.73 in the first hour of trading.33 words
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Article33 1991-07-25 1 LONDON shares traded cautiously a shade below their overnight all-time high at midday yesterday. By noon, the FTSE 100-Share Index managed to limit its losses to 3.6 points, down to 2,584.3.33 words
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Article36 1991-07-25 1 RASHID HUSSAIN Bhd (RHB) has turned in spectacular results for the financial year ended May 29. with group af-ter-tax profit jumping 129.3 per cent to M 542.04 million (5526.48 million) Page 336 words
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Article36 1991-07-25 1 ASIA Pacific Land, formerly Mount Pleasure Holdings, has scrapped an earlier proposal of a share placement and replaced it with a rights issue together with a special issue to bumiputra investors. Page 336 words
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Article18 1991-07-25 1 US COMPUTER manufacturer Unisys Corporation has announced a programme to cut costs Page 418 words
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Article, Illustration30 1991-07-25 1 Wednesda) Change BT-MGA 720.53 +0.07 Kuala Lumpur ...601.28 -0.64 Tokyo 23.297.47 +538.49 Hongkong 4.028.77 +18.95 Sydney 1,572.6 +2.0 Tuesdat Change New York 2.983 23 -29.74 London 2.587.92 +29.430 words
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Article22 1991-07-25 1 Exchange rates USS SS 1.7455 100 Yen SS 1.2750 VIS SS 0.6271 Money market rates Overnight 4-7/8% +1/16 3-month 5-9/16% unch22 words
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Article37 1991-07-25 1 London Gold AM fix USS367.00 -USSI.05 Rubber S'pore Aug !43.25'/kg unch M'sia Aug 227.50*/kg unch KL Tin Turnover 66 tonnes +29 Spot MS 15.51 /kg +0.10 Crude palm oil Turnover 2.524 lots +193 Aug MS88I/tonne +2137 words
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469 1991-07-25 1 S N Vasuki - Banks told to stop booking Brunei loans under ACU Move to prevent internationalisation of S$ By S N Vasuki THE MONETARY Authority of Singapore (MAS) has advised full licence and restricted banks here to book all their Brunei dollar loans and deposits under their Domestic Banking Units (DBU) instead of469 words
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310 1991-07-25 1 Schutz Lee - From Schutz Lee in WELLINGTON THE NEW ZEALAND government is reviewing the country's investment environment to make it more conducive to investors. Two working committees comprising government officials were set up three months ago to look into the promotional and regulatory310 words
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Article, Illustration402 1991-07-25 1 Sangeeta Mulchand - By Sangeeta Mulchand LOCAL company Transco Investments has increased its stake in New Zealand's Salmond Smith Biolab (SSB) to 22 per cent, making it the listed Kiwi company's largest shareholder. Transco Investments, a family business controlled by Singapore Indian Chamber of402 words
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Article107 1991-07-25 1 AFP lOKYO As Finance Minister Kyutaro Hashimoto vowed yesterday to toughen Japan's securities law, the country's top stockbrokers came under increased pressure to name favoured clients compensated for trading losses in the growing stock market scandal. Mr Hashimoto told a news conference that the existingAFP - 107 words
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Article, Illustration455 1991-07-25 1 Maggie Ford - From Maggie Ford in JAKARTA THE INDONESIAN central bank is to ease the current tight monetary policy which has pushed bank interest rates up to 28 per cent. In future, according to governor Adrianus Mooy, monetary policy will be tightened or loosened depending455 words
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416 1991-07-25 1 JAKARTA Local banks will face restrictions in converting funds borrowed abroad into rupiah and they will have to channel the funds into loans to export industries. says central bank chief Adrian us Mooy. The Bank Indonesia governor told BT that the416 words
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Page 1 Advertisements
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Advertisement249 1991-07-25 1 Burberrys' 8<CD > Ls^rv*> cwhen Reigns pours Ad Marketing 12 Monjy Market 25 Work) News 9 Aircraft Schedule 27 Regional Int'l Co News 5 Commodities 26 Regional News 7 Cryptic Crossword 27 Regional Stock Markets 23 For market indices, editorial, Editorial 10 SES 18.19 advertising and circulation ex Financial News249 words
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Advertisement57 1991-07-25 1 fnl TOTAL SERVICES CROWN tt? PACIFIC 36 Pioneer Rood Singapore 2262 Fa* 862 2840 Tlx RS 21 115 CRWNPAC Tel: 861 6818 TWMWMWWMWMM The Peak w from if .t. 'Grand Tavilion RESTAURANT Wholly -owtvd by Tung Lok Shark F»n Restaurant P%c I «d 21 Amber Road I rhinese Swimming (Hub57 words
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Advertisement8 1991-07-25 1 Central banker in the hot seat, Pg 108 words
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HOME NEWS
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NEWS ROUNDUP
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68 1991-07-25 2 THE Primary Production Department will accredit in stages Malaysian poultry farms which export poultry and eggs to Singapore. This is a control measure to ensure that imports are free from harmful drug residues. As of July this year, all consignments of poultry imported by68 words
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Article64 1991-07-25 2 DEFENCE Minister Yeo Ning Hong last night called on employers to come up with innovative measures to recognise and reward employees who perform well during reserve training. Reservists will take their national responsibilities seriously if there is top management support for total defence, he said. Dr Yeo was64 words
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Article57 1991-07-25 2 THE Minister for Foreign Affairs of the Republic of Korea, Lee Sang Ock, is to be in Singapore for a three-day official visit beginning today. He will be accompanied by his wife and senior officials. Mr Lee will be here at the invitation of the57 words
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Article92 1991-07-25 2 IN yesterday's BT article 'OUB to revamp top management', it was said that senior vice-president Ms Gracie Choo currently heads consumer banking and is expected to move to treasury, reporting to OUB president Peter Seah. The bank has since clarified that Mrs Gracy Choo, to give her92 words
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189 1991-07-25 2 THERE is currently no need for the Port of Singapore Authority (PSA) to play the role of an arbitrator in bunkering industry disputes given its resources and the availability of other professionals who can handle such cases. But PSA would like189 words
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Article, Illustration541 1991-07-25 2 Anna Teo - By Anna Teo STRONG and resilient the economy may be. Singapore runs the risk of pricing itself out of major electronics and machinery markets in the medium term, cautions US economic forecasting firm DRI. Noting that wages have been rising more than541 words
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339 1991-07-25 2 Sangeeta Mulchand - By Sangeeta Mulchand KHAMIS HOLDINGS has exactly one week from today to submit its revised building programmes and to catch up with delays on its multi-mil-lion-dollar projects on Sentosa, or risk having the tender revoked. If an extension is necessary,339 words
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255 1991-07-25 2 THE 170-acre Port Klang Golf Resort, incorporating an 18-hole course and a marina, is launching a drive for Singapore members this weekend. The par 72 course was opened for play last month, according to Port Klang Golf Resort (PKGR) Management Sdn Bhd. A255 words
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271 1991-07-25 2 THE emergence of new me-ga-carriers, especially those with a dominant position in their domestic markets, will present an even more formidable challenge to Asian carriers, said Singapore Airlines managing director Dr Cheong Choong Kong. Speaking at the Airline Personnel Directors Conference earlier this271 words
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Page 2 Advertisements
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Advertisement217 1991-07-25 2 POWER TO NOTE And a notebook of POWER introductory Tsndon NB/386sx ■r serial mouse the NB/386sx includes all the H Microsoft Windows Jj-° main ingredients of Compaq's noNow till Ist August compromises standard setter..." PCWorld,May 1991 Tandon's power-saving technology and general high quality put a class the the Compaq *All217 words
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Advertisement71 1991-07-25 2 Analysis, Pg 11 BOLD DEVELOPMENT ..4 V 10 HOE (HUNG HD i Easy access via ECP and AYE 5-minute walk from Tanjong Pagar MRT Column-free office space Computerised building management 1 system Conference facility High speed lifts Ample carpark lots I^S TOwtß s **> s OFFICES FOR LEASE.READY IN EARLY71 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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431 1991-07-25 3 William Chia - By William Chia RIDING on the back of Malaysia's burgeoning financial services sector. Rash id Hussain Bhd (RHB) has turned in its best-ever results for the financial year ended May 29. The financial services group, which announced its results yesterday, achieved a431 words
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265 1991-07-25 3 Genevieve Cua - By Genevieve Cua SUNSHINE Bakeries is considering additional investments of between $15 million and $20 million over the next five years in its new state-of-the-art bakery to be built in Senoko. The second phase of the expansion will see more265 words
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283 1991-07-25 3 Bernama KUALA LUMPUR Malaysia Airlines (MAS) is expected to spend Ms 6 billion (553.7 billion) in the next 10 years to upgrade its services, its chairman Raja Tan Sri Mohar Raja Badiozaman said yesterday. The expenditure would include the purchaseBernama - 283 words
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505 1991-07-25 3 MBT KUALA LUMPUR Sanda Plastic Industries, which will float 5.25 million shares on the second board of the Kuala Lumpur Stock Exchange in September, has acquired enough confidence to surge ahead and take on its competitors. After its first 12 years of operation, whichMBT - 505 words
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385 1991-07-25 3 Lee Han Shih - By Lee Han Shih ASIA Pacific Land (APL) has scrapped an earlier proposal for a share placement and replaced it with a rights issue together with a special issue to bumiputra investors. APL is now calling for a one-for-two rights at 65 sen385 words
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COMPANY BRIEFS
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114 1991-07-25 3 SESDAQ-LISTED Hiap Moh has posted after-tax earnings excluding extraordinary items of $830,000 for the half-year ended June 30, 1991, down from $993,000 in the same period last year. As a result, earnings per share fell from 4.1 cents to 3.5 cents, although turnover114 words
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Article92 1991-07-25 3 FOCAL FINANCE, the listed finance subsidia|7 of OCBC Bank, has reported strong first-half results this year with operating profits at $2.1 million, up 22 per cent over the corresponding period last year. This is based on a gross operating income of $15.5 million, a $3.292 words
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Article94 1991-07-25 3 CYCLE AND CARRIAGE Ltd (CCL) has confirmed that Orient Italy has acquired the entire shareholding of CCL's substantial shareholder, Yung Pui. Orient Italy of Hongkong acquired Yung Pui, which has a 15.1 per cent stake in CCL, from Yung Pui's shareholders on July 19. In94 words
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Article48 1991-07-25 3 THE DIRECTORS of Amcol Holdings have said they are unaware of any reason for the sharp increase in the turnover of the company's shares on the main board. The statement was made in answer to a query from the Stock Exchange of Singapore.48 words
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Article291 1991-07-25 3 Bernama KUALA LUMPUR Ho Hup Construction Company Bhd, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, has forecast a consolidated pre-tax profit of M 522.26 million (S$ 13.96 million) for calendar vear 1991. Ho Hup. which is offeringBernama - 291 words
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Page 3 Advertisements
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Advertisement97 1991-07-25 3 PIANO LOUNGE KTV KTV 96 Somerset Road #01-04. UOL Building Singapore 0923 Tel *****83 (10 LmesHFormerly STRAWBERRY LOUNGE) Lovely PR Manageress Lisa. Esther. Lynn Barcode system A simplified methcxi in l PR Manager Ben <St their string of not less requesting your songs with the help of a than 5097 words
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Advertisement317 1991-07-25 3 "Ever since my childhood days, I had been 1 plump.Everyone said that I was such a cute little girl. I lived with this plump figure through school and H junior college. But, by then, I found myself feeling H shy about my 49.5 kg weight especially when I was only317 words
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REGIONAL / INTERNATIONAL COMPANY NEWS
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COMPANY BRIEFS
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102 1991-07-25 4 LONDON Reuters Holdings, the financial information and news company, said on Tuesday that it would review prices and seek further redundancies to cope with the retrenchment sweeping the world's financial centres. Reuters' pre-tax profits grew by 1.8 per cent to £170.1 million102 words
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Article84 1991-07-25 4 TOKYO Iyo Bank Ltd, Japan's 24th-ranked regional bank, said it will merge with Toho Sogo Bank in a bid to salvage the financially-troubled mutual bank. Iyo Bank, listed on the first section of the Tokyo Stock Exchange, said in a statement that the merger84 words
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Article60 1991-07-25 4 HONGKONG Bangkok-listed Siam City Cement Co Ltd has signed a US$l2O million (Ss2lo million) floating rate note (FRN) facility in Hongkong, co-arranger Barclays Bank said. Barclays, underwriter of the issue, said it jointly arranged the FRN with World Bank affiliate the International Finance Corp (IFC).60 words
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Article66 1991-07-25 4 PARIS Cap Gemini Sogeti and Daimler-Benz AG unit Debis plan to develop their computer services business in the US and Far East by forging new strategic alliances, Daimler chairman Edzard Reuter said. Debis chairman Manfred Gentz added that such alliances could be built on cross-shareholdings, but66 words
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462 1991-07-25 4 FT NEW YORK Unisys Corporation, the struggling US computer manufacturer, on Tuesday announced a programme to cut costs, involving 10,000 job losses, consolidation of plants, a slimming of its product range and US$l.2 billion (SSS2.I billion) special charges against second-quarter earnings. ItFT - 462 words
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380 1991-07-25 4 Reuter MUNICH Electronics fcroup Siemens AG said group net profit in the first nine months of the current -1990/91 fiscal year, which £nds on Sept 30, rose to 1.21 billion marks (S$ 121 billion) ;from 1.14 billion marks in the same periodReuter - 380 words
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545 1991-07-25 4 Asahi News Service i OSAKA A maze of shady money games played by a major Japanese textile trading house, Itoman Co, eventually led to the arrests on Tuesday of three former i executive directors of the firm on charges of violating the commercialAsahi News Service - 545 words
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353 1991-07-25 4 Al Labita Jr - Flotation is biggest in Philippine market history From Al Labita Jr in MANILA BARING Brothers Ltd, a London-based merchant bank, has clinched the lead international underwriting contract of the 3.5 billion peso (*****.8 million) flotation of Manila Electric Company (Meralco), the biggest flotation353 words
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456 1991-07-25 4 BANGKOK Thailand's Transport and Communications Ministry will decide within a fortnight if a ThaiSat Co proposal to build a back-up satellite uplink station in Thailand will infringe upon Shinawatra Computer and Communications Co's pending exclusive right to invest in the country's first456 words
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Article, Illustration305 1991-07-25 4 Reuter FAIRFAX Mobil Corp has said its lower 1991 second quarter profits mainly reflected a decline in natural gas prices in North America and higher exploration expenses overseas. "As anticipated, second quarter earnings were significantly lower than the exceptionally strong first quarter, largelyReuter - 305 words
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Page 4 Advertisements
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Advertisement962 1991-07-25 4 THE BANK OF NEW COMPANDING Head Office: 48 Wall Street, New York, NY *****, U.S.A. Singapore Branch: 10 Collyer Quay, #14-02/03 Ocean Building, Singapore 0104. Consolidated Balance Sheets Consolidated Statements of Income Dollars m thousands, except per share amounts 1 990 1989 1990 '989 Assets Interest Income: Cash and Due962 words
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Page 5 Advertisements
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Advertisement120 1991-07-25 5 BUB *0., jfl^H Ili^^B The (iolden Classic is an exceptionally rare breed A very small family of distinguished luxury cars Nonetheless, because its from the Mercedes-Benz S-class, it carries (and unth much grandeur to say the least) a resplendent heritage of repeated firsts in automotive technology Which is why the120 words
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FINANCIAL NEWS
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SMALL CHANGE
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73 1991-07-25 6 NEW YORK Despite "substandard" earnings in the first half of 1991, Citicorp will still earn more in 1991 than it did in 1990, but just "barely", Citicorp chairman John Reed told Reuters in an interview. In 1990, Citicorp earned US$45B million. So far in73 words
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Article102 1991-07-25 6 TOKYO Finance Minister Ryutaro Hashimoto said a regulatory body similar to the Securities and Exchange Commission (SEC) in the US would not be suitable for Japan. He told reporters the ministry is trying to reorganise its inspection system in the wake of recent brokerage scandals,102 words
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Article104 1991-07-25 6 BONN BVR, the federal association of cooperative banks, said the balance sheet total of its 3,000 west German member banks had risen by 39.4 billion marks, or 7.6 per cent, to 559.2 billion in the first half of 1991. Deposits rose 7.5 per cent to 450.3 billion104 words
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Article108 1991-07-25 6 MANAMA, Bahrain Gulf International Bank BSC's (GIB) net income for the first six months of 1991 fell to US$2O.lB million against U5532.47 million the previous year. In an unaudited report, the bank owned by six Gulf Arab states and Iraq said assets fell sharply to US$5.B9108 words
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Article76 1991-07-25 6 DUBAI Net profits by the state-run Emirates Industrial Bank (EIB) fell by 20 per cent in 1990, but company officials said the Gulf crisis was not to blame. The profits stood at 30.59 million dirhams (S$ 14.54 million) compared with 36.5 million dirhams in 1989, the76 words
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851 1991-07-25 6 Shoeb Kagda - By Shoeb Kagda AUSTRALIA'S beleaguered economy is likely to continue to affect the country's banking sector in the short term, according to a report by accounting firm KPMG Peat Marwick. Banks in Australia saw profits plunge dramatically in 1990 after six851 words
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267 1991-07-25 6 AP NEW YORK Three Wall Street brokerages have reported sharply higher second quarter earnings, reflecting the securities industry's powerful rebound from a poor performance last year. Salomon Inc said earnings grew 48 per cent in the second three months of the year,AP - 267 words
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300 1991-07-25 6 Reuter ZURICH Union Bank of Switzerland (ÜBS) said in a statement that group and parent bank results in the first half of 1991 were markedly better than in 1990. ÜBS, Switzerland's largest bank, has just opened a merchant banking subsidiary inReuter - 300 words
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197 1991-07-25 6 Reuter LOS ANGELES Bank merica Corp is in serious negotiations to acquire Honfed Bank, the largest savings and loan in Hawaii and the state's third largest financial institution, senior banking sources said. "It's just about a done deal." said one source whoReuter - 197 words
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389 1991-07-25 6 Reuter TOKYO Japanese brokerages implicated in a scandal involving improperly compensating clients for investment losses have submitted revised financial statements to the Financial Ministry. Nomura Securities Co Ltd submitted a revised financial statement to reflect a total 27.48 billion yen (***** million) paid asReuter - 389 words
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Page 6 Advertisements
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Advertisement148 1991-07-25 6 ECICS PTE LTD Now offers you all the Export Credit Insurance services previously provided by its parent company. In other words, BUSINESS AS USUAL ECICS Pte Ltd is a newly-incorporatcd subsidiary which has taken over the business previously handled by the Export Credit Insurance Corporation of Singapore Limited. Offering you148 words
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THE REGION
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Article, Illustration411 1991-07-25 7 Bernama KUALA LUMPUR The Malaysian Industrial Development Authority expects the rate of local participation in manufacturing projects approved by the government to increase at par with foreign participation this year. Its chairman. Tan Sri Zainal Abidin Sulong, said on Monday that he based thisBernama - 411 words
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307 1991-07-25 7 Bernama KUALA LUMPUR Owners of land acquired by the government for development purposes will be allowed to tender for work in the projects to be carried out. Deputy Prime Minister Ghafar Baba said last night. He said they could submit their tender papers whenBernama - 307 words
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200 1991-07-25 7 Bernama KUALA LUMPUR Housing developer Sunrise Sdn Bhd sees an excellent future for condominium development here because land is getting scarce and its value is bound to increase, Sunrise Senior marketing manager Wong Kim Choon said on Tuesday. "For people to afford a homeBernama - 200 words
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Article234 1991-07-25 7 Textile accord with EC raising concern BANGKOK The six Asean countries will negotiate with the European Community the renewal of their textile pact as a group to strengthen their bargaining power with the 12-nation bloc, according to The Nation. Krirk-krai Jirapaet, deputy permanent secretarygeneral234 words
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197 1991-07-25 7 BANGKOK Thailand would be significantly affected by the outcome of the Uruguay Round of talks under the General Agreement on Tariff and Trade (Gatt) whether or not US and European Community subsidies are dismantled, says its Deputy Agriculture Minister. The Bangkok Post reported that Ajva197 words
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Article, Illustration38 1991-07-25 7 HONGKONG Pedestrians walking past a damaged building yesterday following a visit by Typhoon Brendan in the early morning hours. Thirteen people were injured, none seriously, by flying debris when the typhoon struck.38 words
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283 1991-07-25 7 Bernama KUALA LUMPUR The Golden Triangle, the federal capital's premier commercial district, needs to be "reshaped, expanded and redefined", a senior executive of a property development company with a major investment just outside the area said on Tuesday. The Golden Triangle looks congestedBernama - 283 words
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NOTE BOOK
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85 1991-07-25 7 HONGKONG Only 7.2 per cent of the hundreds of thousands of Hongkong people who have emigrated ahead of the British colony's takeover by China in 1997 have returned home to work. A survey, carried out by the Hongkong Institute of Personnel Management85 words
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Article88 1991-07-25 7 TAIPEI May's indirect trade between Taiwan and China reached a monthly record of U*****.7 million (Ss9o6 million), a 38.5 per cent jump over a year ago, the Board of Foreign Trade (BOFT) said yesterday. The island enjoyed a US$3lB million surplus, the board said, adding that exports88 words
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Article100 1991-07-25 7 KUALA SELANGOR The manufacturing sector is expected to account for 75 per cent of Selangor's gross national product in the year 2020. The state's Mentri Besar, Tan Sri Muhammad Haji Muhammad Taib, said yesterday that growth of the sector was expected to double once the first phase of100 words
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Article80 1991-07-25 7 BANGKOK A slump in tourism is putting pressure on Thai hotels to slash prices in a bid to bring back the dwindling number of holiday-makers. David Wiig, general manager of the Landmark Hotel, said on Tuesday that the main problem was too many rooms and not80 words
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Article52 1991-07-25 7 MANILA The Manila-based Press Foundation of Asia (PFA) has won the Ramon Magsaysay Award for international understanding. The award foundation announced yesterday that the PFA was chosen "for guiding Asia's press to look beyond national borders and speak intelligently to the complex issues of regional change52 words
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Article73 1991-07-25 7 KUALA LUMPUR Malaysia, which sees West Asia as fast becoming an important market for its foods, will be participating in the "Rebuild Kuwait '91" exhibition to be held in Bahrain from Nov 2 to 7, 1991. The Ministry of International Trade and Industry said yesterday that the exhibition73 words
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Page 7 Advertisements
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Advertisement68 1991-07-25 7 THE CASE OF THE VALET WHO KNEW EVERYTHING WILL BE SOLVED ON 16 SEPTEMBER 1991. J| i!L RAFFLES HOTEL RFOPENS 16 SEPTEMBER 1991. X^GAPO^/ RAFFI F.S HOtFI. RFOPFNS WITH IO« SUITES. H R AND BILLIARD ROOM. RAFFLES CRILI.. TIFFIN ROOM. WRITER'S BAR. LOBBY RAR AND FUNCTION AREAS INCLUDING THE EAST68 words
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Advertisement7 1991-07-25 7 I The art of writing. MONT° BLANC7 words
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Page 8 Advertisements
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Advertisement658 1991-07-25 8 Once again, Khamis hits the hemlines. U e's made Marina Village more because we menus new V at Try Greek the V //I J hjjy PPF YouU find it's really easy to taste the J£\ j W/M, flj^H more so Eje's naming a Restaurant feS C; of the Month. *4-IS658 words
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THE WORLD
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462 1991-07-25 9 Ideas focus on how MFN principle should apply to this area Reuter GENEVA Gatt negotiators are testing a new formula to bring the rich international commerce in services within the rules of free trade. Trade officials said on Tuesday that the negotiators hopeReuter - 462 words
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Article, Illustration46 1991-07-25 9 HAMBURG Demonstrators clinging to the gate of the "Rote Flora Park" on Tuesday as police try to drive them out using water cannons. The Hamburg city council intends to build social houses on the site occupied by autonomous groups.46 words
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335 1991-07-25 9 AP BONN The German government issued a cautiously optimistic report on Tuesday, saying there were signs that the worst of eastern Germany's economic problems may be ending. But the government report left little doubt about the economic struggles that remain.AP - 335 words
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452 1991-07-25 9 IHT BRUSSELS When the G-7 summit called last week for "urgent" progress in protecting intellectual property at world trade talks, European Community officials turned to thoughts of wine and whisky in addition to books and records. Although wine is not commonly regardedIHT - 452 words
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279 1991-07-25 9 IHT FRANKFURT Germany's most populous state has reported that its inflation rate soared to 4.3 per cent this month, which signals that the soon-to-be-published rate for western Germany as a whole may be higher than widely feared. Economists say this could furtherIHT - 279 words
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266 1991-07-25 9 AFP NEW DELHI India's new government yesterday unveiled an austerity budget, trimming defence expenditure, lifting subsidies on sugar and fertiliser and raising the prices of most petroleum products. The U5543.6 billion (5576.1 billion) delayed budget for 1991-92 was presented to parliament's lower house by FinanceAFP - 266 words
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241 1991-07-25 9 Reuter. LONDON The British government, faced with a rising budget deficit, says it is taking a tough line on public spending for the coming fiscal year despite strong pressure to improve public services ahead of a general election. "There will be no pre-elec-tionReuter. - 241 words
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WORLD WATCH
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92 1991-07-25 9 WASHINGTON THE United States will fine China US$l4 million (5524.5 million) for evading US textile quotas, the State Department announced on Tuesday. US Customs Service and Commerce Department officials reported that last year China shipped as much as US$2 billion worth of92 words
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Article84 1991-07-25 9 FRANKFURT The former West German economy grew by more than 4 per cent in the first half of this year, incoming Bundesbank president Helmut Schlesinger said on Tuesday. The former West Germany saw 4.2 per cent growth in the first quarter of this year, and84 words
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Article76 1991-07-25 9 OTTAWA Wholesale sales in Canada rose by 2.2 per cent in May, compared with April, to C 514.8 billion (5522.4 billion), preliminary figures published on Tuesday by Statistics Canada showed. However, sales were down 3.6 per cent compared with May last year, said the government agency.76 words
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Article77 1991-07-25 9 MILAN The worst may be over for the Italian economy, with the second half of the year likely to bring better news on inflation and growth, economists say. But Italy's bickering governing coalition will still have little to celebrate. The economy's recovery is expected to be77 words
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Article86 1991-07-25 9 THE HAGUE The Dutch Central Bureau of Statistics (CBS) has revised its official figure for 1990 gross domestic product growth to 3.9 per cent, in volume terms, from an April estimate of 3.5 per cent. The 1990 GDP growth compares with a 4.2 per cent rise86 words
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Article70 1991-07-25 9 BRUSSELS Malta expects to be one of the first nations in line when the European Community (EC) begins considering new applicants in 1993, Maltese Prime Minister Edward Fenech-Adami said here on Tuesday. Addressing journalists after a visit to the EC's executive commission, he said the island's booming70 words
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Page 9 Advertisements
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Advertisement125 1991-07-25 9 SIZZLING MOMENTS AT PONDEROSA! S enjoy Ponderosas mouth-watering mustnt be rrtssedl BR VTIPB HG X ection 9 rilted to a P** Grain-led USDA Beef of choice PUNDERUSA perfection. And accompanied, of quality is straight from the USA and SteakOSalad course, by Ponderosa's famous given the seal of approval by the125 words
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Article457 1991-07-25 10 EDITORIAL ASEAN again did well doing what it does best. Last week's Asean Ministerial Meeting (AMM) in Kuala Lumpur of the six foreign ministers was the picture of political cohesion. And this paid dividends at thePost-Ministerial Conference (PMC) which followed, when Asean met with its seven dialogue457 words
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WHAT THE OTHERS SAY
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Article229 1991-07-25 10 THERE are few symbols of the state more sacred than the national flag, the code of arms and the national anthem. Hence it was unsettling to hear a call by a grassroots leader, made during the Prime Minister's community visit to Bukit Panjang last Sunday,229 words
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Article172 1991-07-25 10 ON A recent meet-the-people visit, PM Goh Chok Tong made some remarks that would certainly touch the Malays. In short, he was saying that his harsh actions of the past five years have driven the Malays to produce better results and he is gratified. Ever since172 words
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Article111 1991-07-25 10 THE recommendation that certificates of entitlement (COEs) be made non-transferable for a oneyear trial period is likely to receive public support. As there has been no obvious speculation in COEs for goods vehicles and buses, it is all right for them to remain transferable. Prices of COEs are111 words
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REGIONAL VIEWPOINTS
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Article199 1991-07-25 10 SHORT-TEMPERED Foreign Minister Gareth Evans is better known for cursing at people in foreign parts than for polite behaviour. So it was a pleasant surprise to see him actually bowing to Malaysian Prime Minister Dr Mahathir during his current visit to that country. It will take all199 words
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Article151 1991-07-25 10 PRESIDENT Soeharto's strong warning to major private sector businessmen on Sunday to transfer part of their companies' equity shares to primary cooperatives was the third official jawboning of large conglomerates to get them to share their wealth with the people. The transfer of shares to cooperatives is151 words
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Article95 1991-07-25 10 WHAT was first conceived as an ombudsman with wide-ranging powers who would serve as the country's political troubleshooter may turn out to be nothing more than a glorified messenger. Little wonder that the constitution Drafting Committee's proposal for a Parliament-appointed ombudsman has run into strong opposition. Empowering an95 words
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Article1194 1991-07-25 10 Maggie Ford - Indonesia was shaken by the US$4l9 million Bank Duta scandal. But good has come out of that fiasco. Adrianus Mooy, head of Bank Indonesia, tells Maggie Ford about Indonesia's banking reforms Maggie Ford The writer is a Jakarta-based journalist who contributes to BT THE1,194 words
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Page 10 Advertisements
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Advertisement187 1991-07-25 10 Communicate New life To A Kidney Patient. C i j Is W ,V r- ?^T Digital Kr> Iflrphiw Svstrm «ww.«->. From July 18 to September 18, you can help us invest telephone system or digital PABX system you purchase, in a new life. So open up new lines of communication187 words
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Page 10 Miscellaneous
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Miscellaneous12 1991-07-25 10 DOONESBURY BY GARRY TRUDEAU my ff\s JUST NUT 1| Cixivt-TUIM §SSn\ \%^nS£!S%or12 words
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ANALYSIS
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Article671 1991-07-25 11 Anna Teo - How useful are those country J business risk studies and reports regularly trotted out by consultancies? Anna Teo finds out from industry, and talks to the man behind the best known of the firms here. Business Environment Risk Intelligence Anna Teo SOME questions may have come671 words
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Article, Illustration1154 1991-07-25 11 TUB eagle takes its plaee atop a rocky outcrop outside the window, fishing from its perch. Boozerina. his feline companion, sits at the sill to catch the sun's rays. Deer from the surrounding woods frisk about around the house, wandering in sometimes toPhoto by Arthur Lee - 1,154 words
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Article, Illustration998 1991-07-25 11 INFORMATION such as Beri rankings help investors decide where to put their money. says Acting Communications Minister Mah Bow Tan recently in Petir, the People's Action Party organ. Beri reports help them decide which countries to invest in and where to set up factories orPhoto by Arthur Lee - 998 words
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ADVERTISING AND MARKETING
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Article, Illustration528 1991-07-25 12 Sangeeta Mulchand - Partnership is biggest Asian winner at Clio awards By Sangeeta Mulchand Advertising agencies anxiously awaiting news of this year's Clio awards breathed a collective sigh of relief when the final results were finally announced recently. The industry has been on tenterhooks since rumours surfaced that528 words
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Article, Illustration385 1991-07-25 12 Neil french, the acknowledged guru of the local advertising industry, and the secret behind The Ball Partnership's quick climb up the creative ladder, is moving on. In a statement to BT, the agency confirmed that Mr French will be leaving the385 words
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321 1991-07-25 12 A WELL-DESIGNED system, not just good workmanship, is the 'X' factor that will make Asian companies more effective when competing against other companies internationally. Kenny Goh, the group managing director of Ken-Air Leisure Group, was speaking on "The service business are Asians better at the321 words
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Article, Illustration964 1991-07-25 12 Jesse Boone - Distributorship gave Royal Sporting House a boost By Jesse Boone HOW DOES one turn a single shop into one of the region's most successful retail chains in just 13 years? "I used to work for my father in Indonesia he had a sports shopPicture by Arthur Lee - 964 words
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Page 12 Advertisements
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Advertisement774 1991-07-25 12 p_— dai ANPF chfft STATEMENT OF INCOME (BANKING ACCOUNTS) (BANKING ACCOUNTS) Member 31,195 C and 1969 ended December 31.1990 and 1989 1990 1989 (In Mkonsl (In MAons) (In Millions) (In Millions) Won Wof J Won Won ASSETS Mereanncome gh f Due From M 3,1*794 2 680.648 K7.37. *****0 Securities 1.72V047774 words
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SPORTS
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Article, Illustration826 1991-07-25 13 AP SOUTH PORT, hngland Half a world away, they struggled together through the junior ranks, travelled together on the Sunshine Circuit and dreamed together of making the big time. Today, thanks to lan Bak-er-Finch's victory in the British Open, the hoys from Down Under areAP - 826 words
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Article, Illustration437 1991-07-25 13 Tour de France AP L'ALPE D'HUEZ, France Miguel Indurain of Spain tightened his grip on the leader's yellow jersey in the lour de France with a strong second-place finish on Tuesday in another hard mountain stage. Gianni Bugno of Italy won the famedAP - 437 words
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285 1991-07-25 13 AP BIRMINGHAM, Michigan The seniors had better be in shape when they hit Oakland Hills for the US Senior Open this week. The course is tough and the US Golf Association is making them walk it. The weekly stops on the Senior PGAAP - 285 words
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SIDE LINES
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Article147 1991-07-25 13 NOTTINGHAM, England The courts were cement instead of grass. The sounds of freight trains and brass bands were unlike anything heard at the All England Club. But something made the Federation Cup seem just like Wimbledon the rain. A two-hour rain delay cut short most147 words
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Article100 1991-07-25 13 VIGO, Spain Merlenc Ottey, Tony Dees and Greg Foster raced to the best world times this year on Tuesday at the 25th "City of Vigo" International Meeting. In a tight race. Dees edged out fellow American Greg Foster to win the 110-metre hurdles in 13.05 seconds, the100 words
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Article110 1991-07-25 13 BELGRADE The Yugoslav tennis federation said on Tuesday that it was no coincidence that Monica Seles had not played in the Federation Cup for the past three years. In a statement carried by Tanjug news agcncy, they praised Seles's exploits but suggested she had not played for110 words
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Article56 1991-07-25 13 LAS VEGAS George Foreman will fight Boone Pultz on Sep 7 in Nassau, The Bahamas, in his first bout since his unsuccessful bid for the undisputed heavyweight championship. The 10-round match will be part of an HBO-television double-header from the Queen Elizabeth Sports Centre, said Bob56 words
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Article78 1991-07-25 13 MONTREAL Defending champion Michael Chang lost his opening match at the US$l.2 million Canadian Open on Tuesday, falling to little-known Italian Stefano Pescosolido. Chang, the French Open titlist in 1989. lost to the Italian 7-6 (8-6), 3-6, 6-3. Pescosolido, 20, used a patient baseline game which eventually78 words
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Page 13 Advertisements
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Page 14 Advertisements
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Advertisement286 1991-07-25 14 m Yvl m 1 W// ,> H U H gSBMEj&JflfaaEwMßlipigsSirawHjßMKßM T irfro t* "Hr T *^3ffif''* r .4tt inT *li AjjßrviSsi&fjrlffi J^Mh -1'» &-'lr%.'s** "j •"> Jk, 5 jBS^ y 'Jk y i iI^M v H^f^»^^?^f. :^"i^^^. r kHmJMS&Ib H :•£%>• >IWa V X- ■IS I y• B i r>286 words
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Page 15 Advertisements
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Advertisement428 1991-07-25 15 I Hkl I I in I II i H-.LJLAI._ ralP§giig»^fgto FOR ONES SPOIL YOURSELF. si, v «fo. i •-y.- I ffiS|ifi^Mß^^^Mß|BMHW^^^^^BMW^BWßHHß|MM|^^Mß IT 1 ii rnrr i n ll 11| u n nfiiFQlP^ 1 wMMMMMB^MMHI^M h-»w- ''fflfwf wifei&wr X;WMmr?' If' *f•vjgS&»^4 'a»li&iHaKßßß^^^^^^^^^MWM^BM^M »3KMwr■ NI^*WSMI;«SiHHHiIHMHHHHHIHHBIHHii^HHi '91 on July 2Sth 26th. (See chart)'.428 words
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Page 16 Advertisements
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Advertisement200 1991-07-25 16 WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Dessert on the House Any item you order from our a la carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonya desserts from 6.00pm to 10.00pm daily. It A MEMBER200 words
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Advertisement373 1991-07-25 16 Slum:; ********************1 l Malaysian lihhl IVslival Make your choice from the tempting array of Malaysian delights presented to you a hi hauler style. Give your taste-buds a treat and send them to heaven with Plum's Malaysian Food Festival. There're even souvenirs for you to take home and return air tickets373 words
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Advertisement259 1991-07-25 16 1 Itltfll Have a swinging time at sing-song prices! Booking a karaoke room doesn't need to be a pricey affair at sensational Singsation Sing your heart out and make yourself a star tonight! Hourly charge from $25 onwards for a minimum 6 persons Happy Hours T T .50% discount on259 words
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Advertisement242 1991-07-25 16 DAILY AT jQ THE PINE COURT fjljfjp Amidst Imperial splendour, our chefs //ffiWt' sta B e ,he,r h| ghly-accUtfmed performance -fjy of legendary Beijing cuisine to the satis- A, Lmfto 4 faction of demanding diners.To guarantee f 1 y° ur place amongst the discerning, make I \1 your reservations earty242 words
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Page 16 Miscellaneous
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Miscellaneous686 1991-07-25 16 TELEVISION AND RADIO I A n pril f AV\ 1 O SBCS 9.30 Jake and* the Fatman I 5.55 BUSINESS ONRAPIO JL AAC clv'v'lvlvll Ldl 7.00 AM CNN International (L). m "nally h |ll (4Vol mc° Wilton &30 M BBC, 88.9 mHz in VHF Band II JJJJ is murdered on686 words
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LIFESTYLE
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Article, Illustration792 1991-07-25 17 Bernadine Morris - Couture is still alive, judging from the latest creations by Gianni Versace and Christian Bernadine Morris takes a look at the autumn and winter showings in Paris Bernadine Morris NYT GIANNI Versace and Christian Lacroix gave a jump start to the autumn and winterNYT - 792 words
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462 1991-07-25 17 Frank J Prial - Frank J Prial gives some tips for those who feel inadequate entering a wine shop Frank J Prial NYT THERE are more people than you might think who would rather visit an orthodontist than a wine shop. The terrors of the dentist's chairNYT - 462 words
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299 1991-07-25 17 CHATTERBOX CURSED be he that undresses my characters. Would William Shakespeare, who left a grim epii taph warning against messing with his bones, be chagrined to find one of his most fanciful plays performed in the nude? Theatre-in-the-buflf arrives for the first time in299 words
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Page 17 Advertisements
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Advertisement226 1991-07-25 17 AND ENTERTAIN Lunch in a Flash! A carvery and salad buffet lunch featuring the best of cuisines everyday from different countries. Available at the Cafe-in-the-Park. From 12 noon to 2.30 pm Mondays to Fridays only. Price: $18.50++ per person. Monday Western Delights Tuesday Chinese Savouries Wednesday Malay Temptations Thursday Indian226 words
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Advertisement108 1991-07-25 17 m. yw n MM 111 Jfc v ■I" 'f#/ Classical Japanese Food Prepared IN THE TRUE KAISEKI STYLE. Complete set Lunch from $18.00+ Sushi Set Lunch from $18.00+ Tempura Chawanmushi Set Lunch at $20.00+ You Don't H«»t To Be A Member to Enjoy Fint Dmotg Nbhdo Rbstaurant Marina Bay Golf108 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4536 1991-07-25 18 Salil Tripathi - By Salil Tripathi AFTER A RUNUP of 43 points on Monday and Tuesday, Singapore's stock market paused to catch its breath yesterday before its expected pre-Na-tional Day surge. The benchmark Straits Times Industrials Index gained 2.28 points at 1.501.33, while the Business4,536 words
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Article4214 1991-07-25 19 Main Board DBS 1220 20 +1.7% F&N 845 20 +2 4% UOI 258 17 +7.1% Semb Shipyard 690 +15 +2.2% Spore I .and 565 +15 +2.7% Singmarine 50 1 555 +15 +2.8% Jurong Ship 50* 910 +10 +1.1% OUE 690 +10 +1.5% Roth Inds 50«4,214 words
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BT SHARE INFORMATION SERVICE
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Article246 1991-07-25 20 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Transmarco Jul 16 Mar 91 $8 545($9,243) 34 2(37 0 6(6) General Cwpn Jul 12 Jan 91 M$4.700($4.219l) 19(—) H leong Fin tul 12 Dec 90 $36 762($34 858) 16 4(15246 words
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Article247 1991-07-25 20 Company Date Year Group pre-tax Not earning* Gross ann to profit/loss (L) per share dividend ('000) (cents) Kamunting Corpn Jut 19 Mar 91 M$21.011 < J15.410) 11(10) 1.5(1) PelangiBhd Jul 19 Mar 91 M$22.583(J*****) 6 8(49a) 10(7 5a) Set Dredg Jul 18 Mar 91 M$9 331($2.685e) 26(0 4)247 words
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Article219 1991-07-25 20 Company Date HaH-year Group pre-tax Interim ann to profit/loss (L) dividend (*000) Bolton Jul 22 Jun 91 M$10,944($5,82l) MBf Finance Jul 22 Jun 91 MS70.387($38.062e) 5(—) CASH Jul 18 Feb 91 M$ 1,182 ($6691) C Properties Jul 11 Jun 91 $5,029(12.867) 20(20) Ganda Hldgs Jun 25 Mar 91219 words
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Article734 1991-07-25 20 Jul 23 Edaran Otomobi National has agreed to buy a 15.06% stake in Cycle and Carriage Ltd (CCL), comprising 26.42 m CCL shares and 5.66 m CCL warrants, from Orient Italy Co Ltd for M5301.67m Jul 22 OSS Land has received the approvals from the authorities for two734 words
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Article686 1991-07-25 20 Current Ex Books Date Total for Total for payment date dose payable the year last year Amcol 25c 10% Jul 5 Jul 17 Jul 31 10% 10% AMP NYA(e) Jun 19 Jul 4 Aug 15 NYA 28( Alt i rtdgs 50c 6%(b) Sep 4 Sep 16 Sep 30686 words
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Article570 1991-07-25 20 Main Board Last Full Year Company Period Date Year Net EPS Gross Net arawced endrg (cents) dv profit last year (fOOO) Cerebos Interim Apr 27 Jul 91 126 200TE(a) 38.911 Spore Land Interim May 4 Dec 91 126 100 44 641(g) SM> Interim Jul 26 Dec 91 132570 words
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Article1086 1991-07-25 20 i Prices as at 24.07.91 Conversion terms Premtam/ -1 Expiry t (discount) Amount Optional" using illBOd Company (mil Wrts Share Loan Con* Exer Lnstk Cash Cash Loan Gearing, Date Mths units) stock ratio price nom Stfc Left value s s i_ Bur will 115 2 01,086 words
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Article389 1991-07-25 20 Company Rights Issue Mcom Onetor two M$100 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MSO 10 each at M$1 per share with 10m detachable TSR on the bass of 1 CRPS with 1 TSR for every 4 CRPS Ei-date Jun 7 Books dose: Jun389 words
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Article480 1991-07-25 20 Company Rights Issue AKance Tech One for one $1 00 per share Bolton Issue of $90 978m nominal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants or the bass of {2 nominal amount of Bonds tor every three existing shares held Every S2480 words
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Article798 1991-07-25 20 BONDS, LOANS WARRANTS Company Conversion period Conversion term far mm ordinary (Jure Birwfl HI Before 30/6/94 1 warrant plus HKJ1 00 cash CM m Before 26/4/93 1 warrant plus $3 09 cash CauMway Ian CauMway HI 2/10/89 to 20/10/94 1 warrant plus SO 77 cash or 1 warrant plus 50798 words
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Article399 1991-07-25 20 Transmarco Ltd: AGM EGM at 65 Chulia Street, #33-00 OCBC Centre, j Singapore 0104 on Friday, July 26, at 11.30 am. Heiza Corpn Bhd: 22nd AGM at Kayangan 2, Lobby Floor, Holiday Inn Shah Alam, Plaza Perangsang, Persiaran Perbandaran, ***** Shah Alam, Selangor on Friday. July 26. at399 words
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Article204 1991-07-25 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 high: 1333 08 3/6/91) 1991 h*h: 1565 58 3/6/91) 1991 low: 1022 52 (16/1/91) 1991 1U908 (16/1/91) 1990 Ngh: *****3 (16/7/90) 1990 h«h: 1607.12 (27/3/90) 1990 tow: 981 07 09/11/90) 1»0 tow: 1079 50 (11/10/90) 1989 high: *****0 (28/12/89) 1*5204 words
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Page 20 Advertisements
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Advertisement34 1991-07-25 20 READ C H A R T P 0 1 N T EVERY S A T U R D A Y IN B U S I N E S S T I M E S34 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4254 1991-07-25 21 Bernama PROFIT-TAKING after the advance of the previous two days sent share prices to an easier close in moderate trading yesterday. The KLSE Composite Index lost 0.64 of a point at 601.28 while the Industrial Index fell 8.53 points to 1,133.32. Losers outnumbered gainers 138Bernama - 4,254 words
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Page 21 Advertisements
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Advertisement57 1991-07-25 21 AUGUST 1991 170,000 REASONS <&Ji*h&h/7% WHY YOU NEEDN'T STAY SINGLE WHEN MISTRESS WHSZ/ f&Wm, MEETS WIFE xSaP lfflL TERRIFIC HOUDAY SPOTS TO FIND ROMANCE HOW TO MANAGE BRASH TWENTY SOMETHINGS Wf /AS^aT^^R7fiv CONTACT LENS ALERT! SAVING TIPS Available at Newsstands and from your News vendor. I 4/so df r/mes the57 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2179 1991-07-25 22 Reuter TOKYO stocks closed sharply higher yesterday in thin trade with the Nikkei average ending above a key 23,000-point level for the first time in a week, helped by short-term interest rates coming down for two successive days. The Nikkei closed theReuter - 2,179 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1893 1991-07-25 22 AFP SHARE prices leaped to another new record high yesterday on the Hongkong Stock Exchange despite trading being cut short by a typhoon, with the Hang Seng Index gaining 18.95 points or 0.47 per cent to close at 4,028.77. The bourseAFP - 1,893 words
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Page 22 Advertisements
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Advertisement31 1991-07-25 22 Prices for Tokyo are provided by Telerate 1 I Prices for Hongkong are provided by Telerate Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times31 words
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REGIONAL STOCK MARKETS
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Stocks in Bangkok and Taipei surge
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Article835 1991-07-25 23 SOLID domestic buying orders dragged the Australian share market ofT earlier lows after an overnight slump on Wall Street sparked some profit-taking. After losing three points, the All Ordinaries Index staged a minor rally to close at 1,572.6, up 2.0. Brokers said hopes of an easing in monetary policy835 words
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Article871 1991-07-25 23 HEAVY BUYING pushed the Thai stock index higher yesterday as investors regained confidence after recent positive government statements on the Thai economy, brokers said. The SET index gained 13.57 points to 720.43 on a high turnover of 5.06 billion baht. Financial stocks ended higher with Thai Investment and Securities871 words
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Article669 1991-07-25 23 SHARE PRICES on the Jakarta Stock Exchange edged upwards yesterday after Finance Minister Johannes Sumarlin urged banks to lower their high interest rates, brokers said. One broker said Mr Sumarlin's appeal gave foreign investors the first ray of hope in a market in the doldrums for the past 13669 words
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Article442 1991-07-25 23 PHILIPPINE SHARES slid yesterday as bargain-hunters held back in anticipation of possible further dips in a market cautious about Mount Pinatubo's mudflows. The Manila Stock Exchange composite index closed 6.74 points lower at 1.003.60. Combined turnover firmed in value to 109.2 million pesos from Tuesday's 104.8 million despite a442 words
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Article511 1991-07-25 23 LATE BUYING by big players pulled Taiwan share prices up yesterday, clos- ing sharply higher despite early losses, dealers said. The weighted index surged 182.93 points or 3.8 per cent to finish at 5.005.91 compared with Tuesday's 4,822.98 close. Turnover was NT523.5 billion against NTS2O billion. Dealers said major511 words
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Article789 1991-07-25 23 THE Seoul stock market closed firmer across the board yesterday, with trade volume hitting another year high this week, brokers said. "Investors who left the market a long time ago started returning as they believe the stock is an attractive investment tool," said Huh Eui-do, a broker at Daewoo789 words
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Article284 1991-07-25 23 FALLS IN Fletcher Challenge and Goodman Fielder Wattie combined with general weakness overseas to lead New Zealand shares lower on reduced volume yesterday. Brokers said the decline was hastened by GFW's placement of 99.9 million shares at the equivalent of NZ52.34 each on Tuesday. GFW ended the day284 words
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Article518 1991-07-25 23 (low Pt*»iou* July 24 AUSTRALIA All Ordinaries Index 1.572.6 1,570.6 2.0 All Induslnals Index 2,386.0 2,388.1 -2.1 All Resources Index *<45.6 941 0 4 6 Turnover (million) 257.8 115.5 142.3 BANGKOK SET Index 720 43 706.86 +13.57 Turnover(million baht) 5.060 5.100 -40 JAKARTA Composite Index 327.75 325.26 +2 49 MANILA518 words
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Page 23 Advertisements
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Advertisement27 1991-07-25 23 The Bombay report was not available All prices are provided by Telerate Read Chartpoint, a guide Co investing in the stock market. Every Saturday in Business Times.27 words
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WORLD STOCK MARKETS
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Dow closes below 3,000 points again
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Article, Illustration1328 1991-07-25 24 WALL STREET stocks lost their struggle to stay above 3,000 on the Dow after a late session selling spate sliced about one per cent off the index on Tuesday. A downturn in bond prices and futures-related selling helped set off the mid-afternoon slide in stocks. But aside from1,328 words
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Article, Illustration992 1991-07-25 24 SHARES in London soared to a new closing high on Tuesday, with Monday's enthusiasm on Britain's June trade surplus announcement and signs the UK recession may be bottoming out, spilling over into Tuesday, dealers said. It was the first time in more than four years that the current account992 words
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Article254 1991-07-25 24 GERMAN SHARES ended a fairly quiet Tuesday session 0.6 per cent above Monday's closing levels, as investors gained some confidcncc from the fact that the market had found support during Monday's session. Dealers saw no signs yet that prices could break out of the 1.600-to-1,650-point range on the 30-share254 words
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Article280 1991-07-25 24 DUTCH SHARES ended a dull Tuesday session firmer as nothing seemed able to dispel the market's recent lethargy, traders said. News that Philips is to sell the majority of its information systems division to Digital failed to move the market as it had anticipated the bullish-ly-interpreted move after press280 words
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Article135 1991-07-25 24 FRENCH SHARES ended slightly higher on Tuesday but an abortive rally left the index trapped in a tight range. Traders said sentiment in Paris was initially boosted by Monday's good retail sales and other data out of the UK. which raised optimism about recovery in Britain. "People saw this135 words
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Article147 1991-07-25 24 LARGE INVESTORS continued to remain on the sidelines on Tuesday and Italian shares closed mixed in a sluggish trading session with light volume estimated below 100 billion lire. The MIB index slipped one point, or 0.09 per cent, to close at 1,106, although the index showed a modest 0.18147 words
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Article170 1991-07-25 24 BELGIAN SHARES edged down for the sixth consecutive session on Tuesday, but dealers said some strong foreign interest in buying and selling selected blue-chip stocks had boosted trading volume from recent lacklustre levels. On the forward market, 691 million francs worth of Belgian shares were traded. The Bel 20170 words
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Article407 1991-07-25 24 SHARE PRICES in Johannesburg continued to lose considerable ground on Tuesday following Monday's slide from their highs as selling pressure mounted. Dealers said the political and economic implications surrounding the recent government slush fund revelations is fuelling negative sentiment, which is likely to continue until the situation is resolved407 words
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Article244 1991-07-25 24 TORONTO STOCKS on Tuesday slipped in late trade to close at session lows but remained mostly unscathed by a sharp downturn in New York that pulled Wall Street down about one per cent, dealers said. The TSE-300 Composite Index unofficially closed oflf 10 points or about 0.28 per cent244 words
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Article303 1991-07-25 24 July 23 Close Previous NEW YORK Dow Jones 2.983.23 3.012.97 -29 74 NYSE Financial 152.53 153 25 -0.72 S&P500 379 42 382.88 -3 4ft Turnover (million) 161 149.1 4-11.9 LONDON Financial Times 30 2.007 3 1,973.8 f33.5 FTSE 100 2.587 9 2.558 5 +29.4 Turnover (million) 651.3 348.7 f 302.6303 words
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Page 24 Advertisements
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Advertisement67 1991-07-25 24 The Zurich report was not available You may have been unable to get your Business Times, Straits Times. Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and67 words
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CURRENCY, MONEY & FUTURES MARKETS
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1188 1991-07-25 25 REPORTS ASIA Tokyo: The dollar closed lower across the board yesterday after Tokyo trade, dominated by mark buying for the yen and dollar sales for the mark, dealers said. "The dollar is likely to respond to dollar selling factors more easily than1,188 words
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Article381 1991-07-25 25 Cross rates J»i y 24 US$ SS MS Dm Yen SFr A$ NZS USS 1 7495 2.7860 1.7450 137.20 0.5942 1.5240 1.2903 1.7683 S$ 0.5716 1.5925 0 9974 0.7842 0.3396 0.8711 0.7375 1.0108 MS 0.3589 62.80 0.6263 0.4925 0.2133 0.5470 0 4631 0.6347 Dm 0.5731 ***** 1.5966381 words
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Article535 1991-07-25 25 Interbank rates SS Bid Offer Overnight 4 7/8 5 1-month 5 1/2 5 5/8 2-month 5 1/2 5 5/8 3-month 5 9/16 5 11/16 Overnight mode: 4-3/4 IS$ Bid Offer 7 days 5 7/8 6 1 month 5 15/16 6 1/16 2 months 5 15/16 6 1/16 3535 words
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352 1991-07-25 25 Reuter NEW YORK Speculators are wielding more influence in the US foreign exchange market, trading more actively and filling a void left by the temporary withdrawal of traditional corporate players, dealers said. "Their impact on the market has really been exaggerated over theReuter - 352 words
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267 1991-07-25 25 Reuter NEW YORK The US Treasury's two-year note, long viewed as the darling of the yield curve, has become something of an outcast due to the May squeeze, dealers said. "The two-year is not the coupon du jour it was a few months back,"Reuter - 267 words
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Article1226 1991-07-25 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vot Sep 91 93.74 93.75 93.73 93.74 3H8 ***** 2il5 Dec 91 93.15 93.15 93.14 93.15 3320 ***** 2078 Mar 92 93.09 93.09 93.08 93.08 476 ***** 938 Jun 92 92.69 92.71 92.69 92.70 215 1890 299 Sep 921,226 words
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Page 25 Advertisements
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Advertisement5 1991-07-25 25 CHARTPOINT in BT every Saturday5 words
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COMMODITIES
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445 1991-07-25 26 Reuter JAKARTA Already hit by a slump in world prices, Indonesia's rubber producers are now struggling with soaring local costs, traders and industry olYicials say. Tappers and factories are now faced with the option of either giving up their businesses or accepting extremely narrowReuter - 445 words
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Article303 1991-07-25 26 Reuter NEW YORK Sir James Goldsmith, newly elected to the boards of directors of Newmont Mining Corp and Newmont Gold Co, outlined the bullish case for gold, saying the metal would benefit from a favourable supply and demand ratio and from world financial turbulence. In aReuter - 303 words
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827 1991-07-25 26 REPORTS THE PRICE of tin rose 10 sen to MS 15.51 per kg on the Kuala Lumpur Tin Market yesterday following the firmer London Metal Exchange overnight. Dealers said the metal rose USS4S per tonne on the LME on some good827 words
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Article1535 1991-07-25 26 Rubber j u i y 24 HAS (fob ia lutes) S ccnts/kg Noon Close Int 1 RSS Prompt 142 25/143-25N I42.25/I43.25N Int I RSS Aug 91 143 25/143.75 143.25/143.75 Int I RSS Sep 145 00/145.50 145 00/145 50 Int 2 RSS OP 142.00/144.00N 142.00/144 OON Int 3 RSS OP1,535 words
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Page 26 Advertisements
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Advertisement1176 1991-07-25 26 BUSINESS TIMES fELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LOST SHARE/TRANSFERABLE SUBSCRIPTION RIGHTS (TSR) CERTIFICATES Th« following Share/ Transfer abte Subscription Rights (TSR) certificates 'together with the relevant signed transfer deeds have been reported lost or destroyed FIRST CAPITAL CORPORATION LTD Certificate No. In the name of No. of Shares TSR *****29 301,176 words
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Advertisement11 1991-07-25 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Article1138 1991-07-25 27 City Flight ETA Flight ETD Abo Dhabi GA887 1245 GA894 2255 GA975 1300 Adelaide QF081 1820 SQ228 1905 Amsterdam SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Athens SQ26 2200 Auckland BA11 1225 SQ325 2115 B Seri Bogawan SQ181 1410 RA408 0825 Bangkok SQ691,138 words
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THE TRAVEL PAGE
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Article, Illustration404 1991-07-25 27 Elif Kaban - Bull-fighting Turkish style POSTCARD FROM KAFKASOR By Elif Kaban Horned heads crash in a storm of dust. The animals strain and twist, nostrils foaming, eyes red. "Kill him," shouts the frenzied crowd as the more powerful beast paws the earth and snorts before a final charge. Its rival llecs at404 words
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Article151 1991-07-25 27 As at 3pm yesterday. Ixxal dollars to one unit of foreign currency C urrencies Bid Offer Australian dollar 1.348 1.368 Canadian dollar 1.500 1.530 NZ dollar 0.9780 1.008 Sterling pound 2.9300 2.960 US dollar 1.7430 1.7530 Local dollars to 100 units of foreign currency Austrian schilling 14.00151 words
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Article65 1991-07-25 27 Duration Title Venue Organiser Tel Aug 6-9 IV Jewellery Buenos Aires. Rossi Heinlein *****1-9413 International Argentina Asociados SA Exhibition Aug 18-20 International Germany Mode Woe he- *****1990 Fashion Fair Munchen GmbH Duration Title Venue Organiser Tej Aug 20-31 Izmir Turkey Izmir Fair *****150 International Organisation Fair Aug65 words
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Page 27 Advertisements
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Advertisement35 1991-07-25 27 Ronald, youH relish Finnair's Hamburg service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. ®/=ZAW/7W We know Europe from start to Finnish.35 words
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Page 27 Miscellaneous
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Miscellaneous265 1991-07-25 27 order to boxer? W/F 8 Credit facility provided by —JBB——P® Tennyson (6.7) I I I i 1 i < > I 11 A line, formerly, for chari- U I*^o 12 Sacred song stops, almost ill I I in the middle (5) 13 Refuse in cave you open 16 Record one265 words
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Miscellaneous203 1991-07-25 27 Singapore Outlook: Cloudy with showers over a few areas in the late morning and early afternoon. Report: Maximum temperature 31.1° C Assoc humidity 68% Minimum temperature 24.8° C Assoc humidity 96% Hours of sunshine 2.35 Rainfall in mm Trace Rainfall this month 37.3 Rainy days this month 8 World forecast203 words
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Miscellaneous27 1991-07-25 27 TIME: WasTeRDAV i Postcard rp»oM miss e>orrom Pinched 67 SONtviPM OF m fgggj§ EXTREMELY B LONBU/ GO RT* £*£>'...' -^r 8475 C EVEMMO STAXOAJU) CO. LTD, IM2-IMI Cl,27 words
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404 1991-07-25 28 New industrial policy removes bureaucratic controls Reuter NEW DELHI India yesterday announced a radical new industrial policy which dismantles the so-called "Licence Raj" and allows foreign firms majority stakes in joint ventures. Prime Minister P V Narasimha Rao's fledgling government threw outReuter - 404 words
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Article, Illustration322 1991-07-25 28 Chuang Peck Ming - By Chuang Peck Ming in JAKARTA TIES between Indonesia and Singapore have reached new and significant levels of cooperation that will benefit both countries in the long run. President Wee Kim Wee said last night. Speaking at a state banquet given by322 words
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418 1991-07-25 28 Yang Razali - Asean Post-Ministerial Conference From Yang Razali in KUALA LUMPUR ASEAN and its non-commu-nist partners yesterday ended three days of talks on regional security with new ideas but no formal consensus on how to collectively respond to the changing world order. The 13418 words
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119 1991-07-25 28 Reuter WASHINGTON A US Senate vote placing strict conditions for renewal on China's Most Favored Nation (MFN) trade status for 1992 drew sharp criticism from China's Foreign Ministry which accused the chamber of interfering in China's internal affairs. The Senate on TuesdayReuter - 119 words
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309 1991-07-25 28 Lilian Ang - By Lilian Ang INDONESIAN national oil company Pertamina has won its appeal to continue with a long-drawn court battle to claim more than SI 10 million stashed in Singapore by a former employee. Justice Chao Hick Tin yesterday ruled in Pertamina's favour, but ordered309 words
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221 1991-07-25 28 Reuter WASHINGTON The Soviet Union surprised US leaders on Tuesday, moving to end decades of self-im-posed economic isolation by applying for full membership of the International Monetarv Fund and the World Bank. The move immediately ran into opposition from the US. ItReuter - 221 words
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Article, Illustration792 1991-07-25 28 MARI PANGESTU; MARI PANGESTU - The Bottom Line MARI PANGESTU MARI PANGESTU The writer is Head. Department of Economics. Centre for Strategic and International Studies. Jakarta. THE Growth Triangle formed by Singapore. Johor and Riau has received increased attention in recent years. How do investors view the concept?792 words
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145 1991-07-25 28 Reuter MOSCOW President Mikhail Gorbachev scored a domestic success yesterday by reaching final agreement with nine of the 15 Soviet republics on a new Union Treaty, a goal he has sought for more than a year. "Today we can say that the work onReuter - 145 words
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208 1991-07-25 28 Reuter NICOSIA PLO leader Yasser Arafat said yesterday that US Secretary of State James Baker told Palestinian leaders there would be no place in any Middle East peace talks for representatives from Arab East Jerusalem. In an interview with the Arabic service ofReuter - 208 words
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Page 28 Advertisements
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Advertisement48 1991-07-25 28 Nikon The World's Finest Photographic Systems I he drircr his car after the accident This \J<s is still a REM<ULr RENAULT. pser] t 1 1 x r I ABETTER It saved his Lire! car i CZ^ES^CZkSIZI=IZZL=JI£L3ZJ x vy' auto services 24 LENG KEE ROAD SINGAPORE 0315 TEL *****1148 words
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Advertisement6 1991-07-25 28 India's USs43.6b austerity budget, Pg 96 words
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Advertisement6 1991-07-25 28 Nikon The World's Finest Photographic Systems6 words
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Shipping Times
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373 1991-07-25 29 Rahita Elias - By Rahita Elias THE Jurong Town Corporation (JTC) is planning to build a huge warehousing complex, which sources say will be even larger than the Port of Singapore Authority's Keppel Distripark. A well-informed source told BT that JTC's facility is likely to take373 words
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386 1991-07-25 29 Reuter LONDON Lloyd's Register of Shipping said last week 188 ships were lost in 1990 with 389 people killed, the fewest deaths recorded since the world's leading ship registry began reporting the losses 100 years ago. The number of ships lost in 1990Reuter - 386 words
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315 1991-07-25 29 UPI TAIPEI Taiwanese maritime police on Monday turned over 18 mainland Chinese to the island's civil authorities on charges of extortion for allegedly raiding a local boat on Sunday night in the Taiwan Strait. After an emergency meeting, the Mainland Affairs Council decidedUPI - 315 words
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258 1991-07-25 29 Reuter LONDON Britain on Tuesday urged the US to drop its objections to granting a reexport licence for parts used in six British Aerospace short-haul airliners destined for Iran. Trade and Industry Secretary Peter Lilley said he was most concernedReuter - 258 words
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Article891 1991-07-25 29 Page Col f ABC Containerize 12 1 Accord Group 8 1-3 Aeropak Express 9 5 APL 5 3-5 APC Line 13 5 •ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Onent Line 7 4/5 Batamindo 14 4 Bangladesh Shpg 8 5 The Bank891 words
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Article, Illustration466 1991-07-25 29 AJ Leow - By AJ Leow EYEING a slice of the growing Indonesian tourist market, SIA subsidiary Tradewinds will launch its first scheduled air service to the country in October. The regional carrier will fly three times daily to Jakarta from Oct 27. Tradewinds will take466 words
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NEWS SUMMARY
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38 1991-07-25 29 THE state-owned Volga Automotive Plant Association, manufacturer of Lada cars, is set to become the first big Soviet industrial company with a large direct investment by a foreigner Page 238 words
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Article35 1991-07-25 29 GENERAL Motors Corp and Ford Motor Co announced on Monday four separate recalls covering nearly 313,000 cars and light trucks to repair a w ide range of defects Back Page35 words
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34 1991-07-25 29 THE Japan Automobile Manufacturers Association Inc (JAMA) has begun a campaign touting its efforts to procure US auto parts and promoting Japanese car retail sales systems Back Page34 words
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Article27 1991-07-25 29 AUSTRALIA'S worst oil spill has largely dissipated before it reached shore, ending the threat of a major environmental disaster, officials said yesterday Back Page27 words
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32 1991-07-25 29 THE irony of a nearly broke airline try ing to buy a bankrupt one inspired both scepticism and hope in TWA's creditors. Back Page32 words
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LOG BOOK
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75 1991-07-25 30 SINGAPORE Frederick Tsao, managing director of Hong-kong-based International Maritime Carriers group, will be speaking at a luncheon talk organised by the Institute of Chartered Shipbrokers (Singapore Branch). Mr Tsao will speak on "Shipping in the 1990s A Hongkong Shipowners' Point of View." The75 words
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Article85 1991-07-25 30 NEW YORK The Consolidated Rail Corp sees a 4 per cent decline in both volume and operating revenues for the second half of 1991, said Gordon Kuhn, senior vice-presi-dent of marketing and sales. Mr Kuhn said after a recent security analysts meeting that the85 words
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Article86 1991-07-25 30 TOKYO A group of 49 Vietnamese boat people seeking refugee status arrived in southern Japan on Monday, the second such boat-load to arrive in two days. The 38 men and 11 women set off from the Vietnamese port city of Da Nang 28 days86 words
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Article111 1991-07-25 30 APIA Ferry travel between Western Samoa's two main islands "poses high risks", the Accident Compensation Board said in its annual report to Parliament last week. The standard of safety for ferries between 'Upolu and Savai'i "borders on an invitation to likely disaster", the report tabled last111 words
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Article53 1991-07-25 30 DETROIT Ford Motor Co said on Monday that it may raise prices on its 1992-model cars by an average 3.7 per cent when compared with similarly equipped 1991 models. However, the increase in base prices could average 4.7 per cent, or US$796, industry publication53 words
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Article85 1991-07-25 30 FRANKFURT, Germany German production of cars and utility vehicles rose by 5 per cent in the first six months of the year to 2.73 million units compared with the same period last year, the car industry association said last week. The group said in a statement85 words
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Article, Illustration1272 1991-07-25 30 Steve Lohr - The state-owned Volga Automotive Plant Association is set to become the first big Soviet industrial company with a large direct investment by a foreigner, reports Steve Lohr Steve Lohr NYT IN A STEP towardsNYT - 1,272 words
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Article686 1991-07-25 30 FREIGHT market chartering on Tuesday was uninspired and hesitant reflected in a six-point drop in the Baltic Freight Index to 1,513, brokers said. Soviet grain chartering, the main swing factor able to stimulate otherwise slack summer business, remained unconfirmed. "All we hear is contradictory news. Some say the686 words
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Article833 1991-07-25 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and833 words
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Article11433 1991-07-25 38 This is a list of ships loading Aus at Singapore for ports around the world. It tabulates, by destination, the name of the ial ship, the shipping line in- 30. volved and the estimated dates of arrival and departure from the Port of Singapore. Eve Advanced dates11,433 words
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Article3301 1991-07-25 43 Containerline NV: Belsin Shpg .\gencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: 1 rata Shpg Pte Ltd (S).3,301 words
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Article249 1991-07-25 43 Abacus Couriers Tel: 545-8011. Fax: *****98 Air Express I ravel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A249 words
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Article1543 1991-07-25 43 Abe* Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-803* Fax: *****05. A^TMoecd Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air1,543 words
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Article417 1991-07-25 44 Reuter /Vnman 15 vessels in port. Aqaba 12 discharging and 10 vessels idle at anchorage, of which eight have no cargo on board and two have cargo for Jordan. 17 vessels in port. Aratu Solid bulk terminal two vessels berthed and two waiting, delay one day. Liquid bulkReuter - 417 words
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Article463 1991-07-25 44 ARRIVALS Op Flight Type ETA T From TODAY KAL KE697 B747F 0150 1 SEL NCA KZ203 B747F 1930 1 NRT KAL K.E685 A30F 2345 1 SEL/MNL TOMORROW JAL JL615 B747F 0240 1 TYO NWA NW901 B747F 1735 I ORD/ANC/NRT SIA SQ821 B747F 1755 2 LON/DXB NCA KZ203463 words
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Article757 1991-07-25 44 SHIP SALES TANKER RATES Reuter, AFP VESSELS ON OFFER Bulk carriers llzunoclu: 15,878 dwt and built 1976, on offer at US$4.5 million. Oceanic Spring: 38,323 dwt and built 1980. Strahlhorn: 66,510 dwt and built 1976. SJwttentocfcers Alexandra: 14,841 dwt and built 1969. Splendid Fortune: 14,970 dwt and built 1974. onReuter,; AFP - 757 words
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Article364 1991-07-25 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Air I>rp Name of Vessel ETA ETD Ports of Calls Port Agent JULY 25 25 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 26 26 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 29 29 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 30 30 Cora Princess 1000364 words
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SHIPS IN PORT
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Article736 1991-07-25 45 Vessel Voy No Berth Arrival Depart™ Marina Terminal 1 Batam Baru B79 M04 alongside 2507/2300 Batamindo 1 72S M01 alongside 24 07/1700 Btm Bahagta *****1 M05 alor«s*)e 2507/2300 Citra taya *****1 M02 alongside 25 07/2300 Garuda G09 M04 alongside 24 07/2300 Irrawaddy 02/91 M03 alongside 2407/2359 Mekong736 words
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Article233 1991-07-25 45 Johore Port Berth: 1: Jotao H; 2: Tung Long; 3: Da Jin Chuan; 4 Sergey lemeshev. 5: Lika No 1; 6: Lennon. OI jetty: Bakri Navigator. Santi. DCJ: Kyoiei Maru No 1, Silver Pride Due on July 24: Suci. Coral Gas. Brasiliana, Tozan. Kota Mesra, Uni Moral233 words
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Article845 1991-07-25 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From An Fremantte ***** 25/1300 1 24/1500 24/1659 24/1900 Anro Aust ***** 25/1400 1 24/1500 24/1659 24/1900 Arosia 277 26/0400 2 24/1700 25/0659 25/0900 3 25/0700 25/1159 25/1400 B Angsana845 words
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Article499 1991-07-25 46 UPI DETROIT General Motors Corp and Ford Motor Co announced on Monday four separate recalls covering nearly 313,000 cars and light trucks to repair a wide range of defects, including one that may have caused six injuries and one fatality. I he largest CiM recallUPI - 499 words
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Article341 1991-07-25 46 Australia's worst oil spill AP SYDNEY Australia's worst oil spill has largely dissipated before it reached shore, ending the threat of a major environmental disaster. officials said yesterday. l he slick of light crude from the crippled Greek tanker Kirki had been moving towards the Eishcrmen's IslandsAP - 341 words
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486 1991-07-25 46 NYT TOKYO The Japan Automobile Manufacturers Association Inc (JAMA) has begun a campaign touting its efforts to procure US auto parts and promoting Japanese car retail sales systems. The campaign is timed to coincide with the scheduled July 23-24 Japan-US government talks aimed atNYT - 486 words
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Article, Illustration470 1991-07-25 46 AP NEW YORK The irony of a nearly broke airline trying to buy a bankrupt one inspired both scepticism and hope in TWA's creditors on Tuesday as they mulled Carl Icahn's daring ofler to buy much of Pan Am Corp. Some viewAP - 470 words
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Page 29 Advertisements
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Advertisement29 1991-07-25 29 Lines and services represented by Mem- /mmJ bers of the Registry of Accredited Shipping,'sff/SM v Agents, Singapore National Shipping Association. For advertising enquiries, contm I Shipping limes Tel 740-2(Wi/740-2tm29 words
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Advertisement299 1991-07-25 29 S| I SWEEHENG METAL CO PTE LTD No 13. Tuas Avenue 14, SPORE 2263 FAX: 861-2946 TEL 861-5855 (5 LUES) U SoteApen)' TLX RS ***** SHMCPIiMKm BHjB Equipment Industrial Maintenance Equipment Also buy .sell rental repair The Straits Times Weekly Overseas Editioa A crisp summary of happenings in Singapore. Politics,299 words
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Advertisement53 1991-07-25 29 Air Forwarders 15 Air Frwght Schedule 16 Cocfcett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily 2 Index to Advertisers 1 Port Conditions 16 Shipping Agents If Shipping Guide 10.11 Shipsales/Tanker Rates If Ships in Port li Singapore Tides li Transport Diary 3 Weather and53 words
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Page 30 Advertisements
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Advertisement7 1991-07-25 30 Enterprise Management in Business Times every Monday7 words
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Advertisement65 1991-07-25 30 NOTICE NOTICK M.V "KIM) MARI" ARRB SIMiAPORK IS. If I Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the 26th July 1991 (Friday) Paslr Panjang at PtlO 0900 1200 hours. No further survey will be entertained thereafter Agents:65 words
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Page 31 Advertisements
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Advertisement2470 1991-07-25 31 H OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES %l|f## TEL *****11 FAX *****09 All IWW BOOKINGS TEL *****34 *****68 VfnTlVI W lERMINAL/CFS TEL *****18-220 T CQQCQ r J PESAKA JAROINE SHIPPING AGENCIES SON. BHD A PORT KELANG TEL *****18 FAX *****91/*****88 PENANGTEL *****4 FAX *****1 CFS lEI *****6 Dedicated to2,470 words
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Advertisement2160 1991-07-25 31 TRANSPORT DIARY Auk 8 (12.15pm): Luncheon Talk by Mr Frederick Isao. Managing Director of International Maritime Carriers Group of Companies Organised by The Institute of Chartered Shipbrokers (Singapore Branch) at World Trade Centre Club. For further information, tel: 227-7990. 225-7388 or fa*: 225-7638. Aug 13-14: Seminar on Shipping and Air2,160 words
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Advertisement1668 1991-07-25 31 TWITSAILINGS PER WEEK TO INTRA ASIA SINGAPORE/YOKOHAMA 9 DAYS SINGAPORE/NAGOYA 10 DAYS Venal Voy ETA I ETD 'Port *Henang SmoaDof* Kl.no DESTINATIONS Singapore Keiang This week Ma)eet>c Maartk 9'oB fe««i si/; oaoo HRS p>nto CFS 30/7 2358 MRS OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MON TOR1,668 words
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Page 32 Advertisements
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Advertisement1150 1991-07-25 32 Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE TOKIO EXPRESS 01/129 25 7 15/8 13/8 KAMAKURA 18/329 28/7 14/8 16'8 19/8 20/8 KASUGA 16/130 1/8 24/8 20/8 19/8 t All WJTSOONO l». ELBE 06/131 8/8 31/8 27/8 26'8 WUjj AlWßil C**Co LEVERKUSEN EXPRESS 02/331 11/8 28/8 30/8 2/91,150 words
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Advertisement690 1991-07-25 32 SEASPAC SERVICE DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L J BONTANG 2404E8 1/8 16/8 19/8 24/8 ALSO ACCEPTING CARGO VIA SUVA 10 LAUTOKA. PAGO PAGO. APIA t NUKUAIOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN lOQ ANF VAP CLX STO (PERU) L. J BONTANG 2404E8 1/8 7/9 8/9 13/9690 words
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Advertisement1611 1991-07-25 32 I &MM& HHtaflHl REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSI/VOY SIN ALG BCL HAM BRE ROT ANT Fa LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 120W 30/07 22/08 23/08 26/08 27/08 28/08 29/08 30/08 31/08 NORASIA SUN 9121-3 03/08 25/08 27/08 29/08 30/08 31/08 01/09 02/091,611 words
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Page 33 Advertisements
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Advertisement2200 1991-07-25 33 SggSteamers Maritime Holdings Ltd P&O fITIV STRAITS SHIPPING ■KfL Stow** to Bpvmi, East Malaysia. Containers MLJm Voy No N«/ +PW S port W| Sou Ant Rot Hbf lEXA MAERSK 9110 20/87 22/07 25/07 0«,04 11/00 12/00 14/00 ACCEPTS DUE SA*S TAME BAT DM? 20/0 7 22/07 27/07 1J Ot 152,200 words
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Advertisement2268 1991-07-25 33 TO: U.S.AJPANAMA FM: U.S.A./PANAMA mai wr jf gig to cm roe mi no* htc w«l hot ntc w cm l« oak 9 GUF SMI I IFI7O 11/1 ?l/| u/t I/O 1/9 0/0 10/» EUOOffAN SfIMTOR NAI2J 12/« 14/0 IC/C *1/4 30/0 1/7 29/1 CHOYANG SUCCtSS EFIJO 1/0 71/1 JO/I 0,02,268 words
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Advertisement363 1991-07-25 33 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR TOKYO COSMIC PIONEER Vl5 ETA SPORE 3/8/91 ETA PK 6/8/91 ETA TOKYO 18/8/91 LOADING FOR YOKOHAMA/OSAKA COSMIC MASTER VI ETA SPORE 7/8/91 ETA PK 9/8/91 ETA YOKOHAMA 20/8/91 ETA OSAKA 22/8/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime363 words
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Page 34 Advertisements
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Advertisement561 1991-07-25 34 CR NBR **********0 D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE lAI VOT SPOSE ROAM ADAM HBURG BREMEN ANTWERP *IW)M 3:»ffl 5/1 7/9 13/9 17/9 20/9 KUTAI 23N8 1/9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|«ct lo Inducement Also icciplinf cargo to CaMblanca. Port Said. Port Alaiandrla561 words
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Advertisement1131 1991-07-25 34 I II i$L M 09 HANJIN SHIPPING ISperellEH RTM ANR HAM BRV FEL FEEDER VSL SIN LINE HAUL IGB OAK HANJIN TOMGHAE 082*1 28/7 15/8 16/8 17/8 17/8 19/8 20/8 HANHN HONGKONG 030E 26/7 DIRECT 12/8 15/8 HANIIN FELIXSTOWE 008W b,B 22/8 23/8 24/8 24/8 26/8 27/8 HANJH ROTTERDAM 015E1,131 words
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Advertisement1299 1991-07-25 34 1^ f 1H "TH 1 "T^TT^fc I m strwcKxnGnsMTisnfKrrouucicui wcuw wMiwnr tacrscam I tountfou 24/7 lift 30/7 31/7 2/1 S/l 7/1 I/I 10/1 U/l 12/1 22/1 3/0 5/0 i/0 15/0 l«/» 17/J 10/7 21/7 7/10 11/10 EIOWHGK47I 31/7 1/1 t/l 7/0 0/1 U/l U/l 11/1 17/1 U/l 10/1 20/1 10/01,299 words
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Page 35 Advertisements
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Advertisement1898 1991-07-25 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) VT BOOKINGS NEPTUNELINK TEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 mS AUST/INDIA/PAK SERVICE :*****18 CFS K27 EXPORT *****53/*****04 i yiMl FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 MM M W NEPLINE SDN1,898 words
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Advertisement1114 1991-07-25 35 W SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOtfC—OtSCHAftGWG WCSTBOUC-COADW6 THANSHFTED VW ROTTERDAM hshis voy |m« [~S«6 voy1,114 words
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Advertisement1535 1991-07-25 36 f AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) ■A W W TEL: *****77 TELEX KAWAKIRS23I6S FAX *****79 I |m| M MALAYSIA "K" UNE MARITIME (MALAYSIA) SDN BHD M rn JL JL TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA1,535 words
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Advertisement1127 1991-07-25 36 I PHIU-OmCNT UNCS PTC LTD s 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** PHIU FAX: *****76/*****34 by air, land or 5ea..... WE TAKE ON THE WORLD FOR YOU jg* crfi MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 27 JUL DUBAI, DAMMAN. SHARJAH. DOHA. 30 JUL1,127 words
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Page 37 Advertisements
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Advertisement1503 1991-07-25 37 PACIFIC INTERNATIONAL LINES (PTE) LTD m J PIL Building, 140 Cecil Street #03-00, Singapore 0106. JAK ARTA [BANGKOK VIBBIL VOV SIN JKT SIN VISSIL VOY BIN BKK UN 00WA 8110 M/ 7 JO/7 KOTA PANJANO 0123 28/7 JB/7 j/i BUNOA TIRATAI 303 M/ 7 30/7 4/8 J" 27/7 30/7 3/11,503 words
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Advertisement1082 1991-07-25 37 >/ BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 I Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT 1 t VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN i Aiaa* 2fB in_Pt 9/8 10/8 11/8 13/6 j1,082 words
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Advertisement417 1991-07-25 37 ytrnm MYANMA P& FIVE STAR UNE (Myanmar National Una) Loading lor Yangon (Rangoon) S'pora P.KIf Pan P Gd| MYOMA YWA YIJOW In Pt SAGAING V24W In Pt PINY* VIISM JM In Pt PAGAN VI72W 27/21 Jul THE BANK UNI (A Mrvlct of Andrew W«lr Shipping) r SEMI-CONTAINER SERVICE \1 HEAVY417 words
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Page 40 Advertisements
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Advertisement711 1991-07-25 40 TO AUSTRALIA/NEW ZEALAND \tmm |U*lb Syd I Auck I NK If CHALM mmtw i j75 u/» 7i7i~ «7i~ TiTi lo7?~ ITi mw wm in «7i r75 57?~ ToTi isTi TTTi Ti7s kumh 2" i/i u/i zoTT" liTi ziTi TTTo C VDKKMI 271 21/1 jTIo" 7/10 11/10 TsTTo TO USA/CANADA VII711 words
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Advertisement803 1991-07-25 40 EXPORTS TO HONGKONG. TAINAN I JAPAN "TWICE MEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNO )KT SIN HKG KAO WEE TYO SM2 NOP KOB II VESSEL VOY [SIN [PKL PNG BLW MW~~| TSK MELOOY 21 27/7 "22.1 26 7 21 II 71 II TSK MILOOY 21 21 7 27803 words
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Advertisement193 1991-07-25 40 plrus'aTTa an pela~y~a~ra!^ i\m KALIMANTAN r DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION I NIAGA XXI Voy 16/91 24/25 Jul Jakarta Palembanj I NIAGA XXH Voy 17/91 29/30 Jul Jakarta/Paletnbanf l NIAGA 42 Voy 12/91 2/3 Au t Jakarta/Palembani NIAGA XXI Voy 17/91 5/6 Auj Jakarta Palemban£ j193 words
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Advertisement1591 1991-07-25 40 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER UNER SERVICE MALAYSIA! AGENTS: SINGAPORE'S GENERAL AGENTS Mm* AGENTS CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD PT GLOBAL Pl Kl IE: *****11/17 FAX: *****92. ***** *****00/*****33 INDONESIA MARITIME P KLANG TIL *****06 I TLX :«U »503 *T TEL: <021)3«1«37. 3«17M PENANG TEL1,591 words
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Page 41 Advertisements
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Advertisement658 1991-07-25 41 GUARANTEED CONSOL TO:KEELUNG/KAOHSIUNG 28.7.91 HONG KONG 30.7.91 BUSAN 30.7.91 BANGKOK 27.7.91 EUROPE 28.7.91 TOKYO/KOBE/YOKOHAMA 28.7.91 USA 29.7.91 AUCKLAND 9.8.91 FREMANTLE 31.7.91 SYDNEY/MELBOURNE 30.7.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAINE TAN, KATHLYN TAV, SOPHIA BAY OH KAREN SIM FAST DRECT REGULAR SERVICE658 words
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Advertisement395 1991-07-25 41 (S3 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) m FAX: *****15/*****03 |XJ i TELEX: RS ***** RISHIP (3 Lines) r&A ETHIOPIAN SHIPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA I LOADING FOR SPORE ANOINET 24W8 23/08 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA395 words
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Advertisement1637 1991-07-25 41 seaward shipping and HfTfgngSHßffiHnlnHffinlHßlllHl^^H trading co (S) pte ltd HssfisiSMliHMiflilfiiiiiHiM SYDNEY/MELBOURNE BANGKOK SPORE Poil KELANG ttNANG i*** 1 i,**. 1,1 JSSS: *2! WHMM, ,m MMKOK BLUE lADE 15'8 1251 MO/« 22-29/1 26-28/8 ,W»H* BHUM# <7W Sat 21/1 Tut 38/7 load.ng (o. Male m» BHUM 1307 20-21/1 02-04/4 K.Ol/4 ICHWT* BHUM#*1,637 words
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Page 42 Advertisements
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Advertisement1192 1991-07-25 42 MAC-NELS S'PORE IMPORT: *****02 I PENANG: (04) $***** J. BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061)*****2 P KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 UK/SCAMMED PORTS iSiO£OMBQ/S. AFRICA pEN pK $|N PEN PK SIN Colombo 26/7 27/7 28/7 1/8 2/8 3/8 Ldn/Fli/Rdm/Ant Durban/Pt Louis 27/71,192 words
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Advertisement397 1991-07-25 42 blue star line TO FROM f NEW ZEALAND AND T/S TO FIJI TOAND FROM NEW ZEALAND PORTS SIN NPt *Kl ITT SIN MANOAMA 0600 26/7 5/1 VIA NPL 7/« 22/1 MUTBERA 22S VIA NPL 23/8 9/9 MAKSURI 0502 27/t 8/9 V* I®/' 27/9 FULLY CONTAINERISED SAILINGS DISCHARGING AT NEW PLYMOUTH397 words
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Advertisement1199 1991-07-25 42 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15 00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL IVOY In* [BEST VESSEL VOT SPOtE P.1,199 words
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Page 44 Advertisements
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Advertisement6 1991-07-25 44 Read Chartpoint in BT every Saturday6 words
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Advertisement134 1991-07-25 44 LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, youH know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots in134 words
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Page 45 Advertisements
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Advertisement112 1991-07-25 45 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with 1 I management, management concepts in practice, /v I S] profiles of leading managers in Singapore and J I relevant book reviews. ENTERPRISE MANAGEMENT, in Business ]l 9 Times every Monday, is must reading for S —=7112 words
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Page 45 Miscellaneous
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Miscellaneous315 1991-07-25 45 M TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 (MOO 0900 *****100 1200 1300 1400 *****600 *****100 1900 2000 2100 2200 2300 JR 2 3 19 14 10 0 7 06 06 0 7 1.1 15 19 2.1 21 19 16 13 1.1 1315 words
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Page 46 Advertisements
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Advertisement867 1991-07-25 46 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. eastbound feeder to pacific south-west to pacific north-west VOT IHR PKE SIN LINE HAUL VQT LBH OAK SfA Lit HAH WT TCM/gA PTL MMG CHUN 128 21/07 29/07 02/08 H. PIONEER 421 26/08 29 01 0109 TOWER BRIDGE 70E867 words
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Advertisement125 1991-07-25 46 PASIR GUDANG/SJNGAPORE TWICE WEEKLY SAILINGS (TUE A SAT) VESSEL VOY P.GUDANG S'PORE JOSINDO SATU 019S 26/7 27/7 020S 29/7 30/7 021S 02/8 03/8 022S 05/8 06/8 023S 09/8 10/8 024S 12/8 13/8 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02) 534-0042 *****8 5 7 A A ■BBMi M r» 1 PAMAR SEGARA125 words
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Advertisement489 1991-07-25 46 CHARTPOINT Every Saturday in Business Times Cftdr ban »•< m mm »•> IM 0* H«l 0* C* TC OUR USA Sibi 71S TTT uowm ***** TTT 7TT TTT TTT TTT 7H~ 7TT TtT ALLS m 9HUM V 50IH II 7 AtL&ATOH GIORT i ***** 31 1-7 I II 121t*****8221 22489 words
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