The Business Times, 24 August 1991
1991-08-24
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The Business Times
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Title Section11 1991-08-24 1 BUSINESS TIMES MCI (P) 16/12/90 Weekend Edition, August 24-25 1991 75*11 words
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NEWS & MARKETS SUMMARY
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Article49 1991-08-24 1 NEW YORK Stocks moved to record highs yesterday morning in response to strong new signs of growth in the US economy. By 1500 GMT, the Dow Jones Industrial Average had shot up 33.99 points to 3,041.37, breaking its previous record of 3,035.33 on June 3.49 words
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Article35 1991-08-24 1 LONDON- SHARES were higher at midday yesterday. Brokers said that light buying demand and an absence of selling boosted stocks. At 1115 GMT, the FTSE 100 index was up 10.9 points at 2,633.9.35 words
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61 1991-08-24 1 WASHINGTON Salomon Inc said three more class action suits had been filed against it and its top executives, alleging violations of federal securities laws and Treasury auction regulations. The latest cases were filed in the US District Court in Manhattan, the company said in61 words
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40 1991-08-24 1 TAIPEI Taiwan's flag carrier China Airlines (CAL) abruptly suspended services to Vietnam yesterday, two days after its first commercial flight to the country since the end of the Vietnam War in 1975.40 words
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Article46 1991-08-24 1 THE STAGE is set for a proxy fight in Malayan United Industries with Beijaya Corporation boss Tan Sri Vincent Tan Chee Yioun expected to raise his interest in the conglomerate to near the takeover trigger level of 33 per cent. Back page46 words
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Article32 1991-08-24 1 GLENN KNIGHT, who has been charged with cheating, attempted cheating and five counts of giving false information, has brought in an Australian silk to defend him. Page 232 words
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Article, Illustration29 1991-08-24 1 Friday Change BT-MGA 672.67 -6.64 Kuala Lumpur —543.49 -10.16 Tokyo 22,065.34 -450.43 Hongkong 4,021.02 -24.55 Sydney 1541.2 -11.9 Thursday Change New York 3,007.38 +5.59 London 2,623.02 +21.129 words
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Article22 1991-08-24 1 Exchange rates USS SS 1.7230 100 Yen SS 1.2600 MS SS 0.6197 Money market rates Overnight 5-1/8% +5/16 3-month 5-1/16% unch22 words
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Article38 1991-08-24 1 London GoM AM fu USS354.40 -USS2.10 Rubber S'pore Sep 138.00*/kg -0.50 M'sia Sep 225.50*/kg unch KL Tin Turnover 88 tonnes +18 Spot MS 15.33 /kg +0.12 Crude palm oM Turnover 2,853 lots +182 Sep MS809 /tonne -1538 words
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Article, Illustration553 1991-08-24 1 Lee Han Shih; Dawn Tan - Indon businessman Tjetty using S'pore firm to take over property By Lee Han Shih and Dawn Tan A 573-MILLION DEAL signed on Thursday will see Moroccan businessman Elyamani Khamis exiting from the centrestage of Marina Village. His role will be taken over by Mrphoto by Arthur Lee - 553 words
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415 1991-08-24 1 Aftermath of the Soviet coup Reuter MOSCOW The Soviet Communist Party came under siege yesterday following the failed coup that briefly removed President Mikhail Gorbachev from power. The Communist Party headquarters was sealed with Mr Gorbachev's approval, and Russian President Boris Yeltsin suspended theReuter - 415 words
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149 1991-08-24 1 ASIAN share prices weakened yesterday as profit-tak-ing and bearish factors at home replaced the buying frenzy following the failed coup in the Soviet Union. In Singapore, the key Straits Times Industrials Index declined 17.32 points to 1,394.69. Singapore Electronic and Engineering Ltd, making its debut149 words
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511 1991-08-24 1 Anna Teo - General Election '91 By Anna Teo SENIOR MINISTER Lee Kuan Yew last night called on Singaporeans young and old to send a strong signal to investors by giving their unstinting support to Mr Goh Chok Tong on Polling Day. While younger Singaporeans511 words
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Page 1 Advertisements
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Advertisement112 1991-08-24 1 Nikon TtwWbrtd'ftßnNt PlMojmpNc Sytfam. COVER A question traction. EL 1 Arcraft Schedule EL 11 Commodrties 15 Company News 3,4 Cryptic Crossword EL 11 Executive Jots EL 10 Futures Options 14 Interbank Fore« Rates 14 Home News 2 KLSE 10 Money Changer Rates EL 11 Money Market 14 Regional Stock Markets112 words
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Advertisement17 1991-08-24 1 OPINIONS Losing more than tribes and trees. EL 2 More stories, Pg 7 More trouble brewing?, EL217 words
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Advertisement243 1991-08-24 1 Boy George: doser Wynton Marsalis: i re-examining his t roots. EL 6 Christiania brings in QC for Khamis case, Bk Pg The movement of a watch is dust, din and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains,243 words
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Advertisement9 1991-08-24 1 PURSUITS Inhabitants of a dangerous world. l EL 79 words
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Advertisement22 1991-08-24 1 Nikon FINANCE Stockpicker, stockpicker, where have you been? EL 8 Fight for Eunos takes oft, Pg 2 Lesson from Soviet coup, Pg222 words
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Advertisement10 1991-08-24 1 JOBS Do CEO salaries in S'pore make sense? EL 1010 words
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HOME NEWS
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Article, Illustration441 1991-08-24 2 General Election '91 Fight for Eunos GRC begins in earnest THE FIGHT for the hotly contested Eunos GRC took off last night with Prime Minister Goh Chok Tong winning a pledge of support from 16 Malay-Muslim bodies as the Workers' Party441 words
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276 1991-08-24 2 THE Opposition does not seek to topple the goverment or to rock the boat, said Workers' Party candidates at a rally in Eunos GRC last night. The role of the Opposition, they said, is to act as a check against the elected goverment.276 words
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Article, Illustration453 1991-08-24 2 THE recent crisis in the Soviet Union is a lesson for Singapore in that it shows the need for a strong Opposition in Parliament, says Singapore Democratic Party (SDP) candidate Ashleigh Seow. Mr Seow was speaking at a rally in the Ulu Pandan constituency,453 words
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309 1991-08-24 2 Colin Tan - By Colin Tan UNITED Overseas Land (UOL) will officially market its $100 million Odeon Towers in North Bridge Road on Wednesday. Located at the former Odeon cinema site, for which UOL paid Cathay Organisation $27 million back in 1983, the 23-storey building309 words
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Article336 1991-08-24 2 AN Australian silk is being brought in to defend Glenn Knight, Singapore's former top white collar crime buster who has been charged with cheating, attempted cheating and five counts of giving false information. Queen's Counsel Roy Hallaway was admitted to the Singapore bar yesterday by336 words
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Article, Illustration756 1991-08-24 2 Yang Razali Kassim, Shoeb Kagda, Genevieve Cua, Lilian Ang, Schutz Lee, Selva Kumar; Chew Eng Han - Reports by Yang Razali Kassim, Shoeb Kagda, Genevieve Cua, Lilian Ang, Schutz Lee, Selva Kumar and Chew Eng Han DEPUTY Prime Minister Lee Hsien Loong yesterday said economic growth was needed to generate the wealth that would enable the government to implement756 words
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192 1991-08-24 2 A DELEGATION of 26 companies from Singapore will be in east Indonesia for five days next week to explore business opportunities there. The mission, the fourth to be led by the Trade Development Board to Indonesia since 1989, will visit Surabaya in east192 words
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COMPANY NEWS 1
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466 1991-08-24 3 William Chia - Company posts huge rise in extraordinary gains to Ms6lBm By William Chia RENONG Bhd, which has been transformed from a lit-tle-known property company into a diversified conglomerate, has just met its profit forecast with a pre-tax profit of M 580.20 million (5549.7 million) for the466 words
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371 1991-08-24 3 Magdalene Ng - By Magdalene Ng AFTER two aborted financial restructuring proposals and eight years of losses, Faber Group got lucky the third time round. The reconstructed hotel group returned to financial health, posting group net earnings of M 535.41 million in the year ended June 30.371 words
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315 1991-08-24 3 SINGAPORE Electronic and Engineering (Seel) saw its foreign ownership level reach the maximum 15 per cent on the very first day it was traded on the main board of the Stock Exchange of Singapore. Following this, the SES issued a statement which said that315 words
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225 1991-08-24 3 SINGAPORE Automative Engineering (SAE), which was recently granted an inprinciple approval for listing on the main board, is expected to announce its public offer on Monday. The Singapore Technologies subsidiary said yesterday that it would make a "major announcement" that day. It added225 words
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229 1991-08-24 3 Lee Han Shih - By Lee Han Shih HOT WEATHER and price increases have helped Malaysian brewery giant Guinness Anchor Bhd boost its already impressive performance in the six months ended June 30. Turnover in the period rose 183 per cent to M 5257.4 million (Ssl6s million), while pre-tax229 words
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Article, Illustration256 1991-08-24 3 Sylvia Wong - By Sylvia Wong WITH $34 million cash in its coffers, HTP Holdings part of the Jack Chia-MPH group is eyeing more overseas acquisitions. Chairman Jack Chia says HTP is currently examining several possibilities to use up the money left over from the sale of its256 words
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551 1991-08-24 3 UNITED Engineers (M) Bhd, in which Renong Bhd has raised its stake to 38.69 per cent, posted a 16 per cent rise in group earnings to M 544.70 million for the halfyear ended June 30, in line with the board's expectations. Group profit before tax551 words
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COMPANY BRIEFS
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87 1991-08-24 3 MALAYSIA'S Southern Acids (M) Bhd, which made its debut on the Kuala Lumpur Stock Exchange yesterday, traded between a high of M 56.45 and a low of M 55.75 before closing at M 55.90. This was a M 52.40 premium over its issue price87 words
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Article40 1991-08-24 3 BARRING unforeseen circumstances, Robinson Co Ltd expects to maintain the amount of dividend paid the previous fiscal year. Robinson will pay dividends depending on the commercial and financial circumstances prevailing during the year ending June 30, 1992.40 words
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Article41 1991-08-24 3 SINGATRONICS Ltd has incorporated a wholly-owned subsidiary to hold all technology-based investments of the group. The subsidiary, called Singatronics Intek Holdings Pte Ltd, has an authorised capital of $50 million and an issued and paid-up capital of $2.41 words
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Article74 1991-08-24 3 THE EAST ASIATIC Co (M) Bhd has reported a 10.8 per cent rise in its group pre-tax profit to M$ 17.23 million for the six months ended June 30, against M$ 15.55 million a year ago. Group net sales jumped 20.5 per cent to M$74 words
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Article38 1991-08-24 3 UNITED MALAYAN BANKING Corp Bhd, a member of the Pernas Group, intends to get listed on the KLSE soon after the current financial year ends, if not sooner, chairman Datuk Mohamed Ghaus Badioze Zaman says.38 words
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Article73 1991-08-24 3 GOLDEN PLUS Holdings Bhd's group operating pre-tax profit rose 80.2 per cent to M 54.57 million for the half-year ended June 30, from M 52.54 million a year earlier. Its unaudited results showed group turnover slipped 2.1 per cent to M 528.26 million from M73 words
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Article57 1991-08-24 3 ALUMINIUM Co of Malaysia Bhd has reported an increase of 142.5 per cent in its consolidated pre-tax operating profit to M 55.22 million for the half-year ended June 30, against M 52.15 million a year'ago. Its unaudited financial results showed turnover rose 19.3 per cent to M$57 words
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Article66 1991-08-24 3 TRANS-ISLAND Bus Services Ltd said yesterday that its restructuring had been completed and that its shares, suspended since Aug 22, will resume trading as Tibs Holdings Ltd on Sep 2. Shareholders who have not deposited their Tibs shares with the Central Depositary must register66 words
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338 1991-08-24 4 AP TOKYO Japan's Honda Motor Co said on Thursday its pre-tax earnings rose 6.3 per cent in the April-June quarter over the previous year, mainly due to higher revenues and lower manufacturing costs. Net sales during the period totaled 1.15 trillion yenAP - 338 words
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365 1991-08-24 4 BANGKOK Thailand's Sahapathanapibul Group, which posted a 1990 group turnover of more than 30 billion baht (Ss2 billion), will continue its backward-inte-gration expansion into food, textiles and high-technology sectors, The Nation has reported. The conglomerate, comprising more than 200 companies365 words
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354 1991-08-24 4 FT STOCKHOLM Scandinavian Airline Systems (SAS) on Thursday revealed a record half-year deficit, with the carrier losing 1.05 billion kronors (Ss2B6 million) before extraordinary items for the first six months of 1991. All areas, except duty-free operations, reported losses. Sales increasedFT - 354 words
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Article, Illustration362 1991-08-24 4 NYT NEW YORK General Cinema Corp is expected to sweeten its offer for Harcourt Brace Jovanovich, the distinguished but debt-ridden publisher, and to give more money to Harcourt bondholders who rejected the company's earlier bid, people close to the negotiations said on Wednesday. TheyNYT - 362 words
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COMPANY BRIEFS
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106 1991-08-24 4 NEW YORK Atlas Consolidated Mining and Development Corp Ltd said it is temporarily suspending development work on its Carmen Underground Project copper mine in Cebu in the Philippines. Atlas said the suspension, effective Sept 1, is "due to adverse economic conditions,"106 words
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Article91 1991-08-24 4 DALLAS, Texas Tandy Corp, as expected, reported a sharp drop in earnings on Thursday for the final quarter of its 1991 fiscal year. Tandy, hit by slow sales at its Radio Shack stores, weak demand for personal computers, and a one-time charge of US$9.B million (S$91 words
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Article83 1991-08-24 4 MELBOURNE Diamond and gold producer Ashton Mining Ltd said it expects profit for calendar 1991 will be below 1990's A 532.04 million (5543.6 million) result. Ashton reported a 79.7 per cent slump in net profit for the six months to June 30 to $3.49 million because83 words
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Article74 1991-08-24 4 ARNHEIM, Netherlands Chemical group Akzo NV said it reached agreement on unsecured debt in former subsidiary La Seda de Barcelona SA with all nine banks involved, ending its involvement with the troubled Spanish fibremaker. The deal is a payment of 3.7 billion pesetas (5558.2 million),74 words
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Page 3 Advertisements
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Advertisement214 1991-08-24 3 in The Straits Times Weekly Overseas Edition. Acrisp summary of happenings in Singapore. Politics, the economy, investment opportunities, appointments... '*s|gjjpk And snippets on Malaysia and v Asean. > i A convenient tabloid delivered to you everyweek, whereever you may be. Subscribe now. \^§j3P|And be in touch. The StraitsTiines Making an214 words
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Page 4 Advertisements
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Advertisement362 1991-08-24 4 Business Times your candidates for Singapore's most prestigious business accolades IN 1985, BUSINESS TIMES, a business daily published by Singapore Press Holdings, and DHL WORLDWIDE EXPRESS, a leading international air express company, came together to organise an award scheme to honour Singapore's most successful businessman. The Businessman of the Year362 words
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FINANCIAL NEWS
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370 1991-08-24 5 FT LONDON Defaults on UK domestic mortgages could lead to losses of nearly £1 billion (552.9 billion) this year for British insurers, judging by figures from Eagle Star. The industry is already reeling from subsidence, theft and recession-related claims. Eagle Star, theFT - 370 words
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409 1991-08-24 5 FT LONDON Some of the world's leading borrowers are reviewing their relationships with Salomon Brothers, the US investment bank, as a result of the firm's involvement in rigging several US treasury market auctions. Salomon is struggling to minimise the effects of the scandal, butFT - 409 words
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Article, Illustration548 1991-08-24 5 DBS Bank weekly currency review 3 US$/Dm: Soviet coup... n The volatility of the US doli:> lar increased tremendously this week as a short-lived r coup in the Soviet Union t rocked the foreign exchange markets. The US dollar closed above 1.7600 marks last Friday, but548 words
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Article189 1991-08-24 5 SINGAPORE KEB Australia, a wholly-owned subsidiary of Korea Exchange Bank, signed an agreement earlier this week to raise a US$75 million loan facility from a group of financial institutions based in Singapore and Hongkong. The loan facility, structured as a Euro-commercial paper/Euro-certificate deposit programme, was189 words
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357 1991-08-24 5 Reuter MEXICO CITY Two titans of Mexican business clashed yesterday over Mexico's largest state-owned bank and powerhouse of its financial sector. The two groups are competing in the sale of Banco Nacional de Mexico, or Banamex. And when the winner is announcedReuter - 357 words
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273 1991-08-24 5 AFP COPENHAGEN The two biggest banks in Denmark, Den Danske Bank and UnibankDanmark, have reported improved profits. Den Danske Bank, the country's biggest bank, made a pre-tax profit for the first half of the year of 1.518 billion kroner (SS39O million), fourAFP - 273 words
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SMALL CHANGE
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Article119 1991-08-24 5 HONGKONG Hang Seng Bank Ltd said on Thursday that its consolidated after-tax profit for the first six months of this year was HK5794.1 million (S$ 174.7 million), up 22 per cent over the same period in 1990. The Hongkong-based bank said it would pay119 words
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Article73 1991-08-24 5 BRUSSELS Belgian banks have finally started reversing a downward trend in their profit margins, said Belgium's Banking and Finance Commission president Jean-Louis Duplat. "For the first time in years the downward trend is reversing. The latest figures... for the period up to June 30 show that73 words
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Article105 1991-08-24 5 ROTTERDAM Credit Lyonnais SA has decided to create a new unit to group its entertainment financing activities, now mostly conducted through its Dutch Credit Lyonnais Bank Ncdcrland NV (CLBN) subsidiary, CLBN said on Thursday. The new unit's portfolio does not include loans made to back financier105 words
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Article105 1991-08-24 5 PITTSBURGH Mellon Bank Corp expects to follow up its purchase of United Pcnn Bank from Midlantic Corp with more acquisitions in Pennsylvania and adjacent markets, said Richard A Gaugh, Mellon vice-chairman of retail banking for the bank holding company. "We are in the acquisition mode," he105 words
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Article106 1991-08-24 5 BRUSSELS The Federation of European Stock Exchanges is studying a project to replace the failed Euroquote scheme, Brussels stock exchange chairman Jean Peterbroeck said on Wednesday. He told a news conferenre that he regretted Euroquotc's failure and said the federation had set up a working106 words
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Article482 1991-08-24 5 MARKET TALK MBT KUALA LUMPUR Financial institutions in Malaysia expect the narrower spread between their deposit and lending rates to affect revenue this year. Bankers and finance company managers see the thinner margins caused by firming interest rates eating into their operating profits. Officials ofMBT - 482 words
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Page 5 Advertisements
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Advertisement8 1991-08-24 5 US Treasury sends tough message to dealers, EL28 words
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Advertisement126 1991-08-24 5 v w mt HHI L li i Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. trough Business Times. In the same126 words
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THE REGION/THE WORLD
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Article, Illustration535 1991-08-24 6 IHT JAKARTA Indonesia's booming industrial sector is becoming a victim of its own success, as increasing demand for power has combined with a drought to force dozens of foreign companies to cancel or delay investment plans, officials said on Thursday. They warned that electricity suppliesIHT - 535 words
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326 1991-08-24 6 Bernama KUALA LUMPUR The Bush administration has rejected a petition against GSP status for Malaysia on the basis of alleged Malaysian violation of workers' rights, Minister of International Trade and Industry Datuk Seri Rafidah Aziz said on Thursday. It has also rejectedBernama - 326 words
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295 1991-08-24 6 Bernama KUALA LUMPUR The Pacific Economic Co-opera-tion Conference (PECC) has called on member economies to take the lead in dismantling trade barriers for textile and clothing at a faster pace than that adopted in the Multi-Fibre Arrangement (MFA) phase-out. This was oneBernama - 295 words
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480 1991-08-24 6 AP WASHINGTON A surprising surge in unemployment claims this month has many analysts convinced the Federal Reserve must lower interest rates further to keep the US economy from relapsing into recession. The Labour Department said on ThursdayAP - 480 words
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SHIPS IN PORT
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Article509 1991-08-24 6 toui 1ly W» B»H> kiint Dqartift Had Wg Hi Bflti hm* Bggw Marina Terminal 1 Swfcwini Terminal Batamndo 1 85S M02 23.08/1700 Chenan 2S S02 abngsxle 23.08/2330 Brast* 1 33/91 M02 alongside 23.08/2300 Sinfa ***** S03 alongside 25 08/1830 Btm Bahama *****1 M04 alongside 23.08/2300 Suyang 5/91509 words
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Article1015 1991-08-24 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rrits SNp Voy No Etb/Btr Period From To From Aka Bhum 519N 26/2000 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Mariyaii 55A 26/1200 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 A* aid 914 25/1600 2 23/17001,015 words
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THE WORLD 1
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Article, Illustration556 1991-08-24 7 Aftermath of the Soviet coup Reuter LONDON The aftermath of this week's failed coup by Soviet Communist hardliners has left commentators in East and West asking whether President Mikhail Gorbachev has lost touch with reality. Both in Moscow and in Western governments and newspapers,Reuter - 556 words
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544 1991-08-24 7 West now more inclined to grant diplomatic recognition Reuter BONN The Soviet Union's breakaway Baltic republics appear closer to gaining full independence after this week's failed Soviet coup which weakened Western resistance to granting them diplomatic recognition. Germany, the closest Western ally of SovietReuter - 544 words
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Article, Illustration633 1991-08-24 7 FT LONDON Parallels between the events in Moscow and those of June 1989 in Beijing have ended abruptly, but the resemblance was not lost on those Chinese who, despite minimal and highly selective coverage of the Soviet drama by the state-con-trolled media, were able toFT - 633 words
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Article, Illustration642 1991-08-24 7 NYT NEW YORK The failed coup in the Soviet Union caused a few hiccups in Moscow's business ties with the West but it may well lead to a more rapid expansion of foreign investment in the long run. TheNYT; Source: Institute for Comparative Economic Studies, Vienna - 642 words
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376 1991-08-24 7 AP WARSAW Eastern Europeans heaved a sigh of relief on Thursday with the failure of the Soviet coup, and leaders said their young democracies would only benefit from the brush with Stalinist ghosts. The coup galvanised Western moves to help integrateAP - 376 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4883 1991-08-24 8 Kooi Cho Teng - By Kooi Cho Teng THE DEBUT of Singapore Electronic and Engineering Ltd (Seel) shares stole the limelight yesterday. It racked up a volume of 6.49 million shares in the first 30 minutes of trade alone. By the close, volume had skyrocketed to 20.99 million4,883 words
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Article3881 1991-08-24 9 Main Board Roth lrnis 50* 530 +15 2.9% Singmanne 5C 444 +12 2.8% ANA Hotels 220 +10 +4.8% Semb Maritime 362 +10 +2.8% Sup Metal 20» 65 +9 +16.1% S Reinsurance 170 +8 f4.9% M Credit 172 +7 +4.2% UOI 247 +7 +2.9% CAC 5353,881 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2199 1991-08-24 10 Reuter TOKYO STOCKS closed sharply down yesterday. Profit-taking set in after the last three days of gains failed to recoup Monday's losses. Investors returned to the sidelines as the failure of the Soviet coup refocused the market on excess supply and brokerageReuter - 2,199 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1889 1991-08-24 10 Reuter SHARE PRICES ended easier but off the day's lows in quiet trade yesterday ahead of the long weekend and in the absence of fresh news, brokers said. "The market stabilised after more profit-tak-ing in the morning," said Percy Au-young, senior managerReuter - 1,889 words
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Page 10 Advertisements
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Advertisement15 1991-08-24 10 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times15 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4209 1991-08-24 11 Bernama SHARE PRICES in Kuala Lumpur closed lower in quiet trading yesterday as investors turned cautious over the lack of fresh incentives and on profit-taking following the previous two days' gains. The KLSE Composite Index lost 10.16 points to 543.49 while the Industrial IndexBernama - 4,209 words
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Page 11 Advertisements
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Advertisement40 1991-08-24 11 s^vvi^OLES These are the swinging singles of Singaporeteenyboppers and twenty-somethings. Where do they hang out? What do they do? How do they get money? Are their clothes cool? Who are their pop icons? in weekMder today. NEWSY JwM r 740 words
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REGIONAL STOCK MARKETS
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Markets return to the fundamentals
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Article805 1991-08-24 12 THE Australian stock market tracked the Tokyo bourse yesterday to close weaker amid light profit-taking in lacklustre trade. Ord Minnett broker Eric Gale said investors, both local and overseas, were taking time to re-focus on fundamentals after the failed ousting of Soviet leader Mikhail Gorbachev. "It was a much805 words
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Article720 1991-08-24 12 SHARE PRICES in Bangkok eased yesterday after strong gains in the last two days as investors sold to take profits, brokers said. The SET index ended 9.05 points lower at 676.37 on a turnover of 3.06 billion baht. Siam Cement shed eight baht to 620, Siam City Cement two720 words
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Article84 1991-08-24 12 INDICES TURNOVER Close Previous Aug 23 AUSTRALIA All Ordinaries Index 1541.2 1553.1 -11.9 All Industrials Index 2360.3 2372.8 -12.5 All Resources Index 908.9 915.6 -6.7 Turnover (million) 75.1 122 -46.9 BANGKOK SET Index 676.37 685.42 -9.05 Turnover (billion baht) 3.06 5.01 -1.95 JAKARTA Composite Index 318.58 320.29 -1.71 MANILA Composite84 words
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Article644 1991-08-24 12 THE Jakarta stock market returned to its gloomy ways yesterday and closed mixed after a brief sign of activity during the time when Soviet President Mikhail Gorbachev was temporarily out of power, brokers said. The exchange's index dropped 1.71 points to 318.58, after the previous day's 4.98-point surge due644 words
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Article470 1991-08-24 12 THE SOVIET FACTOR is over for the Philippine stock market, which closed only slightly firmer yesterday as attention turned inward again to the hanging fate of the US military bases in the country, brokers and analysts said. Profit-takers took advantage of midsession gains, paring prices to slightly above Thursday's470 words
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Article796 1991-08-24 12 SEOUL STOCKS dropped sharply across the board on profit-taking in active trading yesterday, brokers said. "Seoul shares gained over seven points at one stage early in morning trading but plummeted later in the afternoon as individuals joined institutional investors in a selling surge to take profits from recent rises,"796 words
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Article494 1991-08-24 12 PROFIT-TAKING after Thursday's huge gains pulled iaiwan share prices down to end sharply lower yesterday, and dealers said the outlook was gloomy in the near future. The weighted index closed at 4,527.37, 163.05 points or 3.5 per cent lower than Thursday's 4,690.42 close. Turnover fell to NT526.24 billion from494 words
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355 1991-08-24 12 In local camcy la S$ la US$ day year day year day year Aag 22 ladex change change change change chaage chaage World 406.2 1.2 13.4 1.5 7.9 1.6 8.9 1EAFE 517.4 1.6 10.1 2.5 2.5 2.6 3.4 Europe 435.2 1.4 19.4 3.1 3.1 3.2355 words
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Article282 1991-08-24 12 SHARE PRICES eased in New Zealand yesterday on moderate volume in what brokers said was lacklustre trading. The NZSE-40 capital index fell 10.3 to 1,421.3 and the NZSE-30 capital fell 10.5 to 1,414.4 while the Barclays index dropped 11.71 to 1,379.68. Turnover was 9.9 million shares valued at282 words
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Article75 1991-08-24 12 SHARE PRICES rebounded sharply in Bombay on Thursday (yesterday's report was not available) on news that the Soviet coup had failed with the Bombay Stock Exchange index shooting up 44.53 points to 1,752.30, an all-time high, brokers said. "A quick end to the Soviet crisis was a morale booster,"75 words
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Page 12 Advertisements
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Advertisement26 1991-08-24 12 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 749-257726 words
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WORLD STOCK MARKETS
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Dow up slightly as world rally continues
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Article, Illustration1302 1991-08-24 13 STOCK PRICES kept heading upwards on Thursday after a big lift on Wednesday from the collapse of the Soviet coup. While the Dow Jones Industrial Average added only slightly to its previous gains, three other indexes posted record highs. The Dow gained a slight 5.59 points, to 3,007.38.1,302 words
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Article, Illustration786 1991-08-24 13 MIKHAIL GORBACHEV'S return to power in Moscow enticed institutional buyers back into the UK equity market on Thursday, helping it reverse all the losses suffered during the three-day coup against the Soviet leader. The FTSE index of 100 leading UK stocks picked up last week's recordbreaking trend where it786 words
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Article83 1991-08-24 13 INDICES TURNOVER Aug 22 Close Previews NEW YORK Dow Jones 3,007.38 3,001.79 +5.59 SAP 400 Midcap 130.20 130.01 +0.19 S P 500 391.33 390.59 +0.74 Turnover (million) 173 232 -59 LONDON Financial Times 30 2,056.1 2,033.7 22.4 FTSE 100 2,623.0 2,601.9 +21.1 Turnover (million) 539.3 544.9 -5.6 FRANKFURT DAX Index83 words
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Article218 1991-08-24 13 GERMAN SHARES defied many traders' wildest hopes on Thursday by jumping straight back up into the upper half of the narrow trading range which has dominated trade for most of the last eight weeks. The DAX soared 60.01 points or 3.8 per cent to 1,630.83 on news that the218 words
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Article251 1991-08-24 13 MOST DUTCH SHARES finished firmer on Thursday but profit-taking had shaved off much of the opening gains sparked by the return to power of Soviet President Mikhail Gorbachev, dealers said. With Gorbachev's reinstatement the Amsterdam stock market resumed its normal day-to-day business on Thursday, they added. The CBS tendency251 words
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Article216 1991-08-24 13 ITALIAN stock prices closed with gains on Thursday, but below peaks reached in unofficial trade, and the overall bourse index failed to recover to the level it held before Monday's Soviet coup attempt. "For the first half hour, it was all euphoria. Then things calmed down," noted one broker.216 words
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Article335 1991-08-24 13 SWISS SHARES ended a moderately active session firmer on Thursday but price rises slowed as the market moved closer to levels reached last Friday before the Soviet coup. The all-share SPI index closed 8.6 points, or 0.78 per cent, higher at 1,105.6 after reaching a high of 1,108.8. Last335 words
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Article227 1991-08-24 13 BELGIAN SHARES closed a touch lower in hesitant trading on Thursday, going against the general higher trend on other European markets, traders said. They disagreed on whether the Belgian National Bank's announcement it was cutting its forecast for 1991 GNP growth to 1.4 per cent from 2 per cent227 words
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Article364 1991-08-24 13 SHARE PRICES generally closed firm after a quiet session on Thursday, buoyed by rallies by international stock markets following the failed Soviet coup, dealers said. They described trading cautious with prices see-sawing throughout the day as traders searched for fresh stimulus. The JSE all-share index ended the day at364 words
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Article265 1991-08-24 13 TORONTO STOCKS turned slightly higher on Thursday as the market continued to recover from Monday's sharp losses suffered from the coup in the Soviet Union, dealers said. Domestic matters returned to the forefront, but players had little news on which to trade, they added. Higher-than-expected US jobless claims for265 words
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Article261 1991-08-24 13 BRITANNIA FUNDS Start* Cash Bid Oder Br Cap Deposit 33.8700 33.8800 Br Jersey Gilt 0.1703 0.1795* Br S» Mng Curr 16.9000 17.7600 Br Mu Income .0.9800 1.0300 USS Cash S Managed Curr 14.0600 14.7700 Intl High Income .0.0000 0.0000 Income Plus Fund 9.6400 10.1«0* ftarttag E<e*y Aust Performance 0.0000 0.0000261 words
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Page 13 Advertisements
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Advertisement21 1991-08-24 13 The Paris report was not available Managers must manage. BT shows you how every Monday. Innovation Technology in BT every Tuesday21 words
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CURRENCY, MONEY & FUTURES MARKETS
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1172 1991-08-24 14 REPORTS I ASIA :i-vV- Tokyo: The US dollar rose particularly against the mark on active short-cover-ing in late Asian trade yesterday, traders said. "Asian players need to square some positions before the long weekend," said a dealer at Fuji Bank in1,172 words
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Article384 1991-08-24 14 Cross rates Aug 23 USS SS MS Dm Yen SFr AS NZS USS 1.7220 2.7790 1.7340 136.55 0.5921 1.5140 1.2706 1.7391 SS 0.5807 1.6138 1.0070 0.7930 0.3438 0.8792 0.7379 1.0099 MS 0.3598 61.96 0.6240 0.4914 0.2131 0.5448 0.4572 0.6258 Dm 0.5767 0.9931 1.6027 78.75 0.3414 0.8731 0.7328384 words
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Article526 1991-08-24 14 Interbank rates S$ Bid Offer Overnight 5 1/8 5 1/4 1-month 5 5 1/8 2-month 5 1/16 5 3/16 3-month 5 1/16 S 3/16 Overnight mode: 4-7/8 USS Bid Offer 7 day* 5 3/8 5 3/4 1 month 5 9/16 5 11/16 2 months 5 5/8 5 3/4526 words
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Article, Illustration263 1991-08-24 14 Reuter SYDNEY Australian Treasurer John Kerin said the full impact of past interest rate cuts had yet to be felt and future changes would not be based on piecemeal economic indicators. He told a meeting of businessmen the 7.5-percentage-point cut inReuter - 263 words
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451 1991-08-24 14 Reuter JOHANNESBURG The South African authorities have warned that fiscal softpedalling may demand the retention of restrictive monetary policy, but hopes linger for a modest interest rate cut towards the year-end. "I think we will still see a cut in bank (discount) rateReuter - 451 words
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Article1117 1991-08-24 14 SIMEX <_ EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jj Sep 91 94.34 9437 94J3 94J5 1857 ***** 1865 I Dec 91 94.07 94.10 94.06 94.08 8275 ***** 7999 C Mar 92 94.12 94.15 94.12 94.14 4202 ***** 2276 2 Jun 92 93.80 93.81 93.80 93.801,117 words
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Page 14 Advertisements
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Advertisement10 1991-08-24 14 ATTRACT POTENTIAL CANDIDATES with an ad In the APPOINTMENTS' COLUMNS10 words
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COMMODITIES
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418 1991-08-24 15 Reuter LONDON Investors may abandon gold in even greater numbers after the traditional refuge in times of crisis performed unimpressively, barely retaining its value during the failed three-day Soviet coup, analysts said. But others pointed out that gold had held up well inReuter - 418 words
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310 1991-08-24 15 Reuter KUALA LUMPUR The International Natural Rubber Organisation (Inro) buffer stock manager, Aldo Hofmeister, said he may resume buying intervention soon as prices have fallen below the may-buy level. "I might have to be back in action shortly," he said inReuter - 310 words
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855 1991-08-24 15 REPORTS THE PRICE of tin rose 12 sen to M$ 15.33 per kg on the Kuala Lumpur Tin Market yesterday on good buying support. The rise was also in line with the higher London Metal Exchange overnight close. Dealers said Europe's return to the855 words
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Article1343 1991-08-24 15 Rubber Aug 23 KM Mil) S cents/kg Noon Pose Int I RSS Prompt 138.00/139.00N 138.00/139 00N Int I RSS Sep 91 138.00/138.50 138.00/138.50 Int 1 RSS Oct 140.00/140.50 140.00/140.50 Int 2 RSS OP 137.00/139.00N 137.00/139.00N Int 3 RSS OP 136.50/138.50N 136.50/138.50N Int 4 RSS OP 132.00/134.00N 132.00/134.00N Int 51,343 words
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Page 15 Advertisements
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Advertisement6 1991-08-24 15 Innovation Technology in BT every Tuesday6 words
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Advertisement1524 1991-08-24 15 BUSINESS TIMES > TELEPHONE: 730-5771/5772/5773 PAXt 734-4912 —————'—————L IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF TREEGO (GALIAN) WANG PTE LTD UquMaßon) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of TREEGO (GALIAN) WANG PTE LTD duly convened and held M1,524 words
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Article, Illustration430 1991-08-24 16 Magdalene Ng - Vincent Tan plans to buy over Idris Hydraulic's 12.3 pc stake By Magdalene Ng A PROXY fight in Malayan United Industries (MUI) looks imminent with Beijaya Corporation boss Tan Sri Vincent Tan Chee Yioun expected to raise his interest in the430 words
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169 1991-08-24 16 Reuter WASHINGTON Orders for long-lasting durable goods surged 10.7 per cent in July, the largest monthly gain in more than 20 years, reflecting sharp increases in bookings for airplanes and cars, the Commerce Department said yesterday. The July jump, which followed a one perReuter - 169 words
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289 1991-08-24 16 Reuter KUALA LUMPUR Malaysia's booming economy is showing signs of overheating and could push the inflation rate for 1991 to 5.5 per cent from 3.1 per cent in 1990, the Malaysian Institute of Economic Research (MIER) said yesterday. "Clear signs of an overheatingReuter - 289 words
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Article200 1991-08-24 16 Reuter HONGKONG The Hongkong government said that it had raised its forecast for 1991 gross domestic product (GDP) growth to 4 per cent from a forecast of 3.5 per cent made in May. In a half-yearly economic report, government economists also raised their forecastReuter - 200 words
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225 1991-08-24 16 Quak Hiang Whai - By Quak Hiang Whai CHRISTIANIA Bank has engaged a Queen's Counsel to fight its legal battle against DBS Bank, Hongkongßank, and Standard Chartered Bank. The Norwegian bank has disputed liability for letters of credit issued by its Porgrunn branch to guarantee some225 words
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355 1991-08-24 16 UPI Reuter TOKYO Japan's Finance Minister Ryutaro Hashimoto called yesterday for an agency to monitor government management of the scandalplagued securities and banking industries. Mr Hashimoto, speaking at an extraordinary session of the Diet, Japan's parliament, said another agency was needed toUPI; Reuter - 355 words
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391 1991-08-24 16 AP MEXICO CITY Officials of the ruling Institutional Revolutionary Party say they have won 290 of 300 seats in the Chamber of Deputies and all but one Senate seat, the Excelsior news agency reported. The Thursday evening announcement came as the Federal Electoral InstituteAP - 391 words
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Article, Illustration44 1991-08-24 16 Reuter picture SYDNEY Impassive policemen in the lobby of Hotel Nikko yesterday facing student demonstrators who staged a sit-in and demanded to speak to the Minister for Higher Education against overcrowding in Australian universities. Seven students were arrested. Reuter pictureReuter picture - 44 words
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Article, Illustration665 1991-08-24 16 Leslie Lopez - Kelantan by-elections From Leslie Lopez in KOTA BARU MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad's government faces an uphill battle as it ventures into the opposition heartland to contest two crucial by-elections in the northeastern state of Kelantan today. The ruling United Malays National665 words
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Page 16 Advertisements
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Advertisement6 1991-08-24 16 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement6 1991-08-24 16 ICHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1429 1991-08-24 17 Feel like steering your vehicle through terrain that would make a macho man weep? Nirmal Ghosh offers some off-road driving techniques to the wild at heart OFF-ROAD driving to many city people means a gravel driveway at a country house. Give them the real thing andPhotos by Nirmal Ghosh - 1,429 words
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STRAWS IN THE WIND
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Article57 1991-08-24 17 IN GERMANY, some smart guy thought he could combat drunk driving by inventing a gadget that wouldn't allow the car to start until the driver solved a puzzle. The theory was, anyone who was intoxicated wouldn't be able to solve it. The scheme failed. Most people couldn't figure out57 words
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Article42 1991-08-24 17 GET THIS. The businessman at the centre of Poland's biggest financial scandal who said he earned up to 290 per cent interest a year by switching money between his 100 accounts has a name befitting his crime: Boguslaw Bagsik.42 words
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Article88 1991-08-24 17 THERE are times when silence can be mistaken for consent, as one PR manager found out to her discomfort. The driver of a cab she was in apologised for not having a radio for her to listen to. As an afterthought, he said, "Never mind, I sing88 words
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Article59 1991-08-24 17 WANT to go to the Khameleon disco but forgot to change out of your jeans? The ever-thoughtful management has an array of trousers for you to borrow. Problem is, you have to have a waistline of about 40 inches. The pants are so big, they nearly fell off59 words
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OPINIONS
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Article, Illustration1169 1991-08-24 18 Nirmal Ghosh - The erosion of ancient forest-dweliing societies is depriving us of centuries of knowledge about medicinal plants, says Nirmal Ghosh Nirmal Ghosh The writer is a BT journalist Anew, urgent crisis has been demanding the attention of conservationists and anthropologists: the imminent extinction of several1,169 words
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Article, Illustration697 1991-08-24 18 Harish Mehta - Harish Mehta foresees more trouble brewing in the Kremlin following this week's failed coup Harish Mehta The writer is a BT correspondent THE COUP that ousted President Mikhail Gorbachev for three days is not likely to be the last one Moscow will see.697 words
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541 1991-08-24 18 Leonard Silk - Leonard Silk says the markets' anxieties caused by scandals must be quelled or they could hurt savings and investments Leonard Silk The writer is a New York Times columnist THE SALOMON Brothers' misconduct in the Treasuries market coming after such scandals as541 words
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SPORTS
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Article, Illustration393 1991-08-24 19 AFP AKRON, Ohio Nolan Hcnkc had low expectations heading into the World Series of Golf here on Thursday, but they did not prevent him from shooting a four-undcr-par 66 to take a twoshot lead after the first round. Former Masters winner Larry Mizc and BruceAFP - 393 words
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SIDE LINES
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147 1991-08-24 19 SCHENECTADY, New York Wimbledon champion Michael Stich won the first set in 21 minutes as he raced to a 6-1,6-2 victory over Tomas Carbonell in the second round of the OTB International on Thursday. Stitch took only 48 minutes to win his match. The147 words
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Article75 1991-08-24 19 COMMACK, New York Top-seeded Stefan Edberg, his eye on next week's US Open, defeated fellow Swede Peter Lundgren in straight sets here on Thursday and advanced to the quarter-finals of the Hamlet Challenge Cup. Edberg, the defending champion, got service breaks early in both sets as75 words
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Article74 1991-08-24 19 WASHINGTON Leila Meskhi of the Soviet Union and Katerina Maleeva of Bulgaria advanced to the semifinals of the Virginia Slims of Washington with straight set victories on Thursday. Second-seeded Arantxa Sanchez Vicario of Spain joined them in the semifinals with a 6-3, 6-2 victory over No.74 words
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Article66 1991-08-24 19 OAK BROOK, Illinois Laurel Kean fired a six-under-par 66 here on Thursday and took a one-shot lead after the first round of the inaugural Chicago Shoot-Out women's golf tournament. Kean, seeking her first victory in four year»on the LPGA Tour, scored six birdies without66 words
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Article132 1991-08-24 19 TOKYO Former world champion Steve Cram, back in action after a long injury lay-off, said on Thursday he was grateful to have reached the world athletics championships and still hoped he could win a 1,500 metres medal. "Just being here is a bonus because132 words
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Article, Illustration552 1991-08-24 19 US Open tennis tournament Reuter NEW YORK Showtime at the US Open tennis tournament begins right away when five-times champion Jimmy Connors plays John McEnroe's younger brother Patrick in the first round. "What a* great way to kick off the tournament," 1979 US Open runner-up Vitas GerulaitisReuter - 552 words
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665 1991-08-24 19 NYT NEW YORK He is 69 years old and by now Lou Duva has become as recognisable in public as his fighters. There is the white hair and the face of a battlewise munchkin: a crinkled expanse with blunt dark brows and aNYT - 665 words
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501 1991-08-24 19 Reuter TOKYO Primo Nebiolo, the controversial Italian who heads world athletics, makes no secret of his vaulting ambition. Since he was elected president of the International Amateur Athletic Federation (lAAF) in 1981, the 68-year-old Turin lawyer has pursued a dream in whichReuter - 501 words
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EPICURE
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Article, Illustration461 1991-08-24 20 Quek Swee Peng - Quek Swee Peng samples shabu-shabu at the Picturehouse Quek Swee Peng THE YOUNGSTERS ignore the San Ko En Japanese restaurant, located one floor below the cinema auditorium of the Picturehouse, for the Colonel's finger-licking-good chicken on the ground floor. San Ko En is newly-opened. ItPunch - 461 words
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LIFESTYLE
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Article, Illustration1173 1991-08-24 21 Gish Jen - Asians have been the form onto which white American writers have freely projected their fears and desires, says Gish Jen SAY Gish Jen FOR a very long time, when people talked about race, they talked about black America and white America. Where1,173 words
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885 1991-08-24 21 N K Yong - WINE By N K Yong THIS WEEK'S piece is about easy-to-drink, well-made wines at affordable prices. The duty element in the price of wine is $6.40 per bottle, which is a huge chunk out of 15.00, the usual price of the plonk seen885 words
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Article, Illustration457 1991-08-24 21 Sybil Holloway - BMDCE By Sybil Holloway THE United Kingdom magazine International Popular Bridge Monthly ran a poll last year on highlights of the 1980s. Bridge personality of the decade, scoring more than half the votes, was Pakistani globetrotter Zia Mahmood. None of the other457 words
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PURSUITS 1
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Article, Illustration836 1991-08-24 22 Salil Tripathi - Pop stars come and go, but Boy George is still veiy much around. Salil Tripathi meets the boy wonder whose success lies in his ability to reincarnate himself Salil Tripathi EVEN aging boy wonders have a fond following in Asia. Thirty-year-old George Alan O'Dowd, better known836 words
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548 1991-08-24 22 P Y Van - Monday's concert by the Asian Youth Orchestra came with a special dedication. P Y Van reviews P Y Van THE EVENTS taking place in the Soviet Union on Monday were very much on the minds of the young musicians of the Asian Youth548 words
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Article, Illustration616 1991-08-24 22 RINGO LIEW - CD Review By RINGO LIEW WYNTON MARSALIS: Soul Gestures In Southern Blue, Volumes 1, 2 and 3 The man with the sweetest horn in the business is back with not one but three new releases. The three-album blues cycle, Soul Gestures In Southern Blue, finds the prolific616 words
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Article, Illustration738 1991-08-24 23 Susan Tsang - English watercolourist Graham Dean seeks to capture the essence rather than just the appearance of his subjects. Susan Tsang views an exhibition::;:-: with a strong and disturbing message Susan Tsang NEW Directions in Art, an exhibition of works by English watercolourist Graham Dean, provides Singaporeans738 words
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Article, Illustration623 1991-08-24 23 Nirmal Ghosh lists some choice ofF-roaders THE American jeep was probably the first car to be designed as an off-road vehicle. Meant for military use, it soon became popular among civilians. Only the Land Rover has approached it so far in popularity as well as longevity.623 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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Article118 1991-08-24 24 Lee Han Shih - Compiled by Lee Han Shih POOR Kay Hian. One lousy listing and it is remembered forever. On Wednesday the Malaysian Business Times ran a front-page article on whether, given the then-crisis in the Soviet Union, merchant banks will back out of their obligations to underwrite new listings118 words
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Article102 1991-08-24 24 IS AUSSIE developer Mike Core, billed as the "creator of the world famous Sanctuary Cove Resort", desperate or is he just being clever? A large advertisement appeared in the Australian Property Review showing a worried-looking Mr Core and the headline: "Rescue me from my bankers!"102 words
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66 1991-08-24 24 AN announcement by Hwa Hong, which has joined hands with Parkway to-buy a London residential property from a British company in receivership, said the price 13.2 million or 5538.3 million) was arrived at on a willing buyer and willing seller basis. Willing buyer, certainly. But surely66 words
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Article102 1991-08-24 24 THERE are still chances for small guys to make big bucks (well, relatively big bucks) in the property market, it seems. We heard that a driving instructor has struck gold in a Bukit Timah deal that involved only $800,000. It seems that he and a partner102 words
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Article, Illustration520 1991-08-24 24 Goh Hiang Fong - CHART By Goh Hiang Fong THE Gorbachev coup happened this week but is now a page in history. As coups go, it is one of the shortest, if not the shortest, in recent history. Going purely by the weekly stock market indices, a non-political observer could520 words
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947 1991-08-24 24 Chew Eng Han - Chew Eng Han reflects on Black Monday and examines how fundamentally sound investors were Chew Eng Han WERE YOU one of those who panicked and sold your shares on Monday? Or perhaps you belong to a savvy lot who progressively accumulated shares as news947 words
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Article, Illustration1168 1991-08-24 24 Kooi Cho Teng - Kooi Cho Teng looks at what it takes to go into the food business ON YOUR Kooi Cho Teng Need advice on investing in shares, gold, commodity futures? Maybe you could use some help in figuring out your income taxes or would appreciate a few tipsPhoto by Arthur Lee - 1,168 words
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603 1991-08-24 24 Quak Hiang Whai - Quak Hiang Whai reports on the latest forecast of chartist David Fuller Quak Hiang Whai They say fortune favours the bold. The bold who do best this time should prove to be the bears. THESE arc wise words of UK-bascd chartist David Fuller,603 words
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Article, Illustration960 1991-08-24 25 Salil Tripathi - The Indian stock markets are not the place for spectacular growth. But they are good bets against roller-coaster rides seen elsewhere. Salil Tripathi assesses the markets and tells how foreigners can participate Salil Tripathi STOCK markets throughout the world from New York to Tokyo saw960 words
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Article892 1991-08-24 25 Prices as at 23.08.91 ConvarsiM terms Pramhim/ Explr? (dtacowit) Amount OjgwaT* Company (mH Wrts Share Loan Com Exar Last* Cask Cash Loan Goarin* Data Mtte ■nits) stock rati* price aom Stk 2 Loft VMM BurwiH 115.2 0 160 0.670 1.00 1.00 73 4.19 30/06/94 34 CAC892 words
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615 1991-08-24 25 Non-resident Indians are still the preferred foreigners when it comes to investing in India. Called NRIs, they possess Indian citizenship but are living abroad, or are non-Indi-ans of ethnic Indian origin. NRIs also include women who do not have ethnic Indian roots615 words
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JOBS
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Article, Illustration1566 1991-08-24 26 Peter Lee - A recent Forbes article noted that the pay given to CEOs in the US didn't always make good sense: these people were being paid millions even in the face of mediocre results. Peter Lee takes a look at the local situation PeterPunch - 1,566 words
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Article, Illustration295 1991-08-24 26 Mr Victor Ow Che Noong has been appointed Senior Vice-President, Consumer Services Division, of Keppel Bank of Singapore Ltd. A Bachelor of Economics (Hons) graduate from the University of Malaya, he was previously the Head of Business Development and Equities Investment Departments of Citibank Singapore. Mrs Margaret Yang295 words
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Article1072 1991-08-24 27 C*» FV«M ETA FlgM no MabMa Qf 81 1820 SQ227 Of82 2200 2200 riaai SQ19 KL837 0755 SQ24 1255 KL838 SQ38 GA890 0100 2240 2330 2350 NZ21 1820 NZ22 1930 SQ338 2030 GF148 1000 pm GA525/ 910 1755 BriBaga«aa SQ 181 1410 TG402 0830 r »/•>1,072 words
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THE TRAVEL PAGE
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Article, Illustration637 1991-08-24 27 Kate Singleton - LETTER FROM PADUA By Kate Singleton THE ancient university city of Padua, due west of Venice, was described in the 1830s as a "happy town in which pleasure is the greatest business". Now there's a double entendre here that must have been deliberate, for the637 words
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Article152 1991-08-24 27 As at 3pm yesterday. Load dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3493 1.3610 Canadian dollar 1.4908 1.5134 NZ dollar 0.9791 0.9939 Sterling pound 2.8880 2.9122 US dollar 1.7206 1.7240 Local dollars to 100 units of foreign currency Austrian schilling 13.86 14.07152 words
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Article57 1991-08-24 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td T..*— m i, c,:, <11*51 vn Aug 24-28 Cosmetics Netherlands Kooinklijke ********** Aug 20-31 zrn.r Turkey tour F«u *****150 Perfumery Trade Nederlandse International Organisation Exhibition Jaarbeur* A,*» Fcnkfurt. Me»e Frankfurt 4W757S0 0e m ,y Trade Fair for57 words
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TIME OFF
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Article75 1991-08-24 28 Friends in Concert Talented young violinists Lulu and Lee Huei Min will give a recital that includes works by Vivaldi, Paganini, Franz Deldra and various Chinese composers. DBS Auditorium. Aug 26. Bpm. Drama: A DeuWebill Eleanor Wong and Ovidia Yu have each written a oneact play for the Fortnight75 words
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Article, Illustration296 1991-08-24 28 M Yasotha - Compiled by M Yasotha Masterpieces of Paintings and Calligraphy from the National Palace Museum, Taipei Museum Quality Reproductions by Nigensha, Tokyo On display are copies of masterpieces belonging to the Eastern Jin, Tang, Sung, Yuan, Ming and Qing periods. Empress Place Building, Queen's Rm Art Gallery, Aug 23-Oct 10.296 words
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Article, Illustration500 1991-08-24 28 An Innocent Man. Tom Selleck is unfairly accused of having too thick a moustache, among other things. For that, they sentence him to a life in Purgatory, without a television set. Cathay 2: 11; 1.30; 4; 6.45; 9.15. Ataaie! A loonie abducts a porn star, ties her up and500 words
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Page 17 Advertisements
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Advertisement119 1991-08-24 17 BD E 24 -hour Loan Information Service I Approval 3343 5 8 8 3343 6 8 8 "I WANT YOU TO RIDE FOR ME AT ROYAL ASCOT." p L J| Vfll OMEGA. The watch that records the world's signincant moments. At the Olympic Games. In outer space. And exclusively for119 words
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Page 18 Miscellaneous
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Miscellaneous32 1991-08-24 18 DOONESBURY by garry trudeau X'M SORM, B.D; FVEN IP T m/LD ppbcj /ADF- VBAH, MI'M OUT OF WORK. BUT IJUSTCANT HZV, MtSUF. ANPWS NOTS6LUN6 AR&fTU£ YOUPCOftfr PUT YOU UP NOW., am SKS/32 words
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Page 19 Advertisements
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Advertisement14 1991-08-24 19 Reach TOP TALENT at the Highest Level m BUSINESS TIMES T« advertise, telepheae: T3s-5T71/5T7t/STO14 words
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Page 20 Advertisements
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Advertisement202 1991-08-24 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WIHE, DIKE p_. ii\| A WWg^^^_ vHR GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR fit DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00202 words
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Advertisement334 1991-08-24 20 iTXTX fT I ouiroeejf SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our jazz musicians. Seafood delicacies, Sunday favourites, local specialities and even a touch of American, await the family for a peaceful Sunday. For $34.50++ per person334 words
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Advertisement268 1991-08-24 20 -VWe Why worry about breakfast or lunch on En|oy a lazy Sunday morning? Come down \4Br I The Finest or w^°'e family and j r tl i f east on a delectable spread of hot f Cantonese-Thai dishes, soups, appetizers and I Buffet Brunch desserts, all prepared to I I268 words
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Advertisement256 1991-08-24 20 A PERFORMED DAILY AT fl THE PINE COURT ■Itm? Amidst Imperial splendour, our chefs /ffiflyC stage their hlghly-acclalmed performance -/jBBPr., of legendary Beijing cuisine to the satis- wi lA factton of demanding diners To guarantee 'V 1 *Y your place amongst the discerning, make I \1 your reservations early. n,j|'256 words
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Page 21 Advertisements
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Advertisement227 1991-08-24 21 AND ENTERTAIN U.S. Food Promotion Savour the best of U.S. beef and lamb at Hubertus Grill from 1 to 31 August 1991. All steaks come with a Caesar Salad, Baked Idaho Potato, Grilled Tomato and a choice of Herb Butter, Bearnaise or Black Pepper Sauce. A Sterling 5-course set menu227 words
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Advertisement17 1991-08-24 21 CHINON MIS IN BOUTEJLLE PAR N COULV-PUTMEIL A CHINON (I fr L) FRANCE fioKCi or find I17 words
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Page 22 Advertisements
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Advertisement25 1991-08-24 22 tEPTtMBCR IHI $4.50 PUIS A FIH BMOM MAMZINI win Vir best fashion $25,000 buys under $1001 JN CASH! HK NON-CONSUMMATION: WHAT'S THE REAL jflk SO-KA«^SUMMINOU25 words
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Page 23 Advertisements
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Advertisement48 1991-08-24 23 Hr, y tffrs Mr. See Wing Whye ft-Mr ■iB.J Chief Engineer f f FOR RELIABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. ff Mr. Liaw Leong Chin Senior Technician A JyM Wj ptfo 'm. BEST V\i.l E CALL: 748 7409 FOR ENQUIRIES. FAX: 748 746548 words
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Page 25 Advertisements
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Advertisement788 1991-08-24 25 B ft &Lucky Draws f| when you deposit with Hong Leong Finance Mjjß bsck Hon* Leong Finances Singapore Finance Fret Gifta and Lucky Draw* programme with a wider range of gift* ff and even more exciting prizca. FRFR GIFTS GRAND Lt'CKY DRAW j From IS Augu» 1991 to 2* February788 words
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Page 26 Advertisements
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Advertisement288 1991-08-24 26 BUSINESS T 1 M E S TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 We are a quality technology-based engineering and services organisation headquartered in Singapore. ASSISTANT GENERAL MANAGER (Airairgo Airline) We wish to appoint an experienced and competent individual, between the age of 30 to 40 years, who is familiar with the formulation288 words
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Advertisement190 1991-08-24 26 Advertisement NOMINATIONS OPEN FOR 1991 SINGAPORE BUSINESS AWARDS DHL Worldwide Express notable contribution to corporate their own businesses or man-... and Business Times have management and business agers of subsidiaries or divisions launched the prestigious 1991 achievement in Singapore. of large local or multinational Singapore Business Awards. The search is190 words
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Page 27 Advertisements
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Advertisement34 1991-08-24 27 Ronald you'll relish Finnair's Ifemburg service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.34 words
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Advertisement27 1991-08-24 27 For Home or Office deliveries of: Business Times, Straits Times. Sunday Times. LianHe Zaoßao. Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839. 740-1840.27 words
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Advertisement123 1991-08-24 27 i jti hi; s j' jk n PROPERTY CONSTRUCTION SUPPLEMENT i 1891 i CI A special Business Times Survey -a IM September 10,1991 kIIAJ How will the coming year shape up for developers and investors alike, now that the Gulf War is history? Will we see the long-expected Hongkong Influx123 words
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Page 27 Miscellaneous
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Miscellaneous162 1991-08-24 27 prawns (6) 26 One of a group of outstanding singers (8) 8 Another cost on the YESTERDAY'S SOLUTION DOWN church 'e'd put an end to 2 Regretting that another (8) gun was produced with 13 Greets, say, two marines Iy' y.y J misguided ire (6) in violent weather (9) BiffliMTM162 words
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Miscellaneous169 1991-08-24 27 World report Asia-Pacific Hi/Lo* Cond. Auckland 14/08 Sunny Bangkok 32/25 "PStorm Beijing 31/22 Sunny Brunei 31/24 Cloudy Hongkong 30/20 TStorm Jakarta 32/23 Fair Kuala Lumpur 33/24 Showers Manila 29/24 Rain Melbourne 16/09 Showers Perth 18/13 Sunny Seoul 34/24 Fair Sydney 20/10 Sunny Taipei 34/27 Fair Tokyo 32/24 Fair Wellington 15/10169 words
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Miscellaneous31 1991-08-24 27 nj-JBBBUBBM iTue. rtcrn&L itself (IT'S qmxbd wois.fortwe. s EA VIEW '....-jl CttrrkifnEXD OOS. RESORT, J V.&NP OF THE. P ex...J r BEAUTY Of "TYl£ J c twtmHQ sta»OA*O COLTO., HM-IMI Q5Q\31 words
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Page 28 Miscellaneous
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Miscellaneous1722 1991-08-24 28 TODAY'S TV ■■■■■■■■■■I 8.30 Mouserdse. !MH [iIM Smaflui Sajnwg, 39m, SBC 5 Whale Rescue, 12pm, SBC S lojs SS!ffiS££jaL. whose W£ 11.00 ReHgieus Programme. watches him like a hawk goes form the Whale 11.05 Under the Umbrella Tree, into a tizzy when his ex-lover operation |^k 11.50 TV Pendidikan. moves1,722 words
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Miscellaneous686 1991-08-24 28 MOVIES ON TV James Joyce's Women, Mon, real-life circus. While he 10.30pm, SBC 12 dreams of making enough Six women's lives, viewed money to bring home to his from the eyes of writer James mother, his life takes a turn Joyce, are dramatised here, for the extraordinary. This They include686 words
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