The Business Times, 24 March 1992
1992-03-24
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The Business Times
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Title Section16 1992-03-24 1 BUSINESS TIMES MITA (P) 35/12/91 Tuesday, March 24, 1992 THE BUSINESS PAPER EOR S-E ASIA 75®16 words
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NEWS SUMMARY
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60 1992-03-24 1 PARIS France's ruling Socialist Party crashed to its worst result for 24 years in weekend regional elections as voters propelled the far right and ecologists on to the political scene in Sunday's poll. Extreme right-winger Jean-Marie Le Pen's anti-immigration National Front polled 13.9 per60 words
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37 1992-03-24 1 TOKYO Cambodia's Prime Minister Hun Sen said yesterday his country would start preparing to apply for membership in the Association of South-east Asian Nations (Asean) after elections next year, officials said.37 words
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Article38 1992-03-24 1 SINGAPORE wishes to learn from New Zealand about indirect taxation, said New Zealand's Finance Minister Ruth Richardson. The Republic's approach to indirect taxation will be modelled on New Zealand's Goods and Services Tax Back Page38 words
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Article27 1992-03-24 1 SOUTH KOREAN manufacturers are worried that a flood of Japanese goods, made in South-east Asia, may undermine efforts to achieve self-sufficient economic growth Page 827 words
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Article44 1992-03-24 1 FOUR OF the six Asean nations Singapore, Malaysia. Indonesia and Thailand last year increased their share of world exports, in spite of a slowdown in world trade, said General Agreement on Tariffs and Trade (Gatt) in its latest ranking Page 844 words
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Article39 1992-03-24 1 THE Taiwanese government has decided to unload big stakes in the island's industrial giants. The wide-ranging plan calls for government sales of 22 enterprises in a sell-ofT that could raise up to US$24 billion Page 939 words
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Article26 1992-03-24 1 APPLE Singapore, in a bid to attract more first-time Macintosh users, cut the prices of a range of popular products yesterday Page 1726 words
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Article42 1992-03-24 1 MEMBERS of Australia's marine industry are hoping to persuade Asian nations to think of Australia as a source of marine products, technology and expertise as they promote their wares at the "Seas Australia" exhibition this week Shipping Times Page 142 words
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MARKETS SUMMARY
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Article25 1992-03-24 1 WALL STREET slipped yesterday morning, with the Dow Jones index falling 8.95 points to stand at 3,267.44 five minutes after the opening bell.25 words
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Article23 1992-03-24 1 LONDON share prices were lower yesterday morning. At 1200 GMT. the FTSE 100 share index was down 23.4 points at 2,433.2.23 words
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Article40 1992-03-24 1 GUTHRIE GTS Ltd is virtually guaranteed control of L&M Group Investments Ltd but it may have got more than it bargained for L&M's chairman Paul Lim has indicated his intention to accept Guthrie's takeover offer Page 440 words
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Article34 1992-03-24 1 THE Stock Exchange of Singapore is believed to have granted a main board listing to garment maker and retailer Heshe Holdings, a subsidiary of listed First Capital Corporation. Page 434 words
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Article38 1992-03-24 1 FAR EAST Levingston Shipbuilding Ltd is set to become the majority shareholder of Hongkong construction firm Contech Holdings Ltd if it exercises an option to buy more of Contech's shares next year Page 438 words
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Article21 1992-03-24 1 SIAM CEMENT. Thailand's largest cement maker, is raising US$2OO million in the offshore capital markets. Page 721 words
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Article, Illustration29 1992-03-24 1 Monday Change BT-MGA 691.92 -0.74 Kuala Lumpur ...609.33 +6.14 Tokyo 20,239.60 +54.51 Hongkong 5,061.14 +45.33 Sydney 1.586.7 +2.7 Friday Change New York 3,276.39 +14.99 London 2,456.62 -11.029 words
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Article30 1992-03-24 1 London GoM AM fix USS338.00 USS0.40 Exchange rates USS SS 1.6695 100 Yen SS 1.2436 MS SS 0.6478 Money market rates Overnight 2 15/16% +3/16 3-month 3 5/16 unch30 words
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Article31 1992-03-24 1 Rubber S'pore Apr 141.25'/kg +1.75 M'sia Apr 215.00«/kg +1 KL Tin Turnover 28 tonnes +9 Spot MS 14.18/kg -0.09 Crude palm oil Turnover 1.940 lots -515 May MS928 /tonne -1931 words
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Article, Illustration394 1992-03-24 1 Chew Eng Han - Pilecon the main developer and owner of Ms3b project From Chew Eng Han in KUALA LUMPUR A MASSIVE privatised reclamation project is being planned for the state of Johor, with Malaysian construction firm Pilecon Engineering as the main developer and owner. Sources394 words
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396 1992-03-24 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIA'S insurance industry chalked respectable growth rates in 1991, but regulators say the financial troubles and rampant mismanagement of previous years continue to plague the sector. Bank Negara, Malaysia's central bank and chief financial regulator, said396 words
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316 1992-03-24 1 Chew Eng Han - By Chew Eng Han SINGAPORE L&M Group Investments Ltd has thrown a stink bomb in the face of its predator Guthrie GTS. The specialist contractor, the subject of a takeover offer by Guthrie, yesterday announced a surprise net loss of $6.23 million316 words
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273 1992-03-24 1 Rajendra Bajpai - From Rajendra Bajpai in NEW DELHI SINGAPORE Deputy Prime Minister Lee Hsien Loong and a high-powered delegation yesterday met senior Indian leaders, including Prime Minister PV Narasimha Rao and Finance Minister Manmohan Singh, to explore ways of increasing Singapore investment in India.273 words
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463 1992-03-24 1 Thailand's general election AFP Reuters UPI BANGKOK Thai political parties tried to forge a coalition after Sunday's inconclusive general elections, with one news report suggesting a compromise had been reached to appoint an "interim" Prime Minister. Agence France-PresseAFP; Reuters; UPI - 463 words
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Article71 1992-03-24 1 THE world maritime scene is going through tremendous changes, with the sky being the only limit. New technologies and methods are paving the way for even brighter days for the industry. In a 20-page supplement tomorrow, Business Times explores the depth and breadth of the maritime sector. SingaPort71 words
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Page 1 Advertisements
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Advertisement188 1992-03-24 1 Nikon The World's Finest Photographic System. Aircraft Schedule 29 KLSE 22 World News 9 Commodities 30 Money Changer Rates 29 For market indices, editorial. Company News 4-6 Money Market 27 advertising and circulation ex Cryptic Crossword 29 Regional News 8 tensions, call Business Times Financial News 7 SES 19-21 Information188 words
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Advertisement23 1992-03-24 1 L&M chief to take up Guthrie's takeover offer, Pg 4 Scotts Holdings among six groups keen on stakes in Indian hotels, Page 223 words
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Advertisement163 1992-03-24 1 Mancon sure of Mslb of contracts, Pg 4 fl Investing in the property market requires careful consideration. Make one wrong move and you could be left with a 4 stale-mate\ At Jones Lang Wcx)tton we know how to plan ahead, to ensure that you always make the smartest moves. Our163 words
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Advertisement25 1992-03-24 1 mm wliM, Kfijß 1 New Thai govt will retain old policies, say analysts, Page 2 Foreign investors likely to stay cautious on Thailand, Page 225 words
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PAGE 2 NEWS
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357 1992-03-24 2 Michelle Rowe - Thailand's general election From Michelle Rowe in BANGKOK THAILAND will take the same economic direction despite the change of government, local analysts say. But they are not optimistic about the stability of the new government and whether a coalition of military-domi-nated357 words
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Article, Illustration471 1992-03-24 2 SN Vasuki - By SN Vasuki SINGAPORE The failure of a single party to win a majority in Thailand's general elections is no surprise, but foreign investors are anxiously waiting to see the composition of the new government and its economic credentials, Singapore-based bankers and471 words
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594 1992-03-24 2 Catherine Ong - From Catherine Ong in SHENZHEN THE Shenzhen Stock Exchange plans to admit five foreign stockbroking firms this year to trade in the growing market for B shares. Mr Wang Jian, vice-presi-dent of the exchange, said selected brokerages will be allowed594 words
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487 1992-03-24 2 Rajendra Bajpai - Eight government-run hotels up for partial privatisation From Rajendra Bajpai in NEW DELHI SCOTTS Holdings of Singapore is among half a dozen international hotel chains bidding to buy 40 per cent of the equity in India's govern-ment-run hotels which487 words
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Article, Illustration312 1992-03-24 2 SINGAPORE Samsung of Korea has become the first Asian shareholder of Colora-do-based disk-drive maker MiniStor Peripherals, which starts making 1.8-inch drives in Singapore this month. The other companies which contributed seed capital to MiniStor are all from the United States:312 words
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Page 2 Advertisements
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Advertisement134 1992-03-24 2 THE COMPASS ROSE GOES BUSH. From March 23 to April 5 the Compass Rose presents the unusual! Australian Bush Foods skillfully prepared by Australia's most innovative Chef Scott Webster. For the first time, diners can sample these delights from Down Under. Ama/ing dishes prepared from the indigenous foods of Australia.134 words
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SINGAPORE NEWS
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Article, Illustration569 1992-03-24 3 Anna Teo - He is also stepping aside at KPMG Peat Marwick from April 1 Reports by Anna Teo ACCOUNTANT Keith Tay announced yesterday he was stepping down from the helm of the Institute of Certified Public Accountants of Singapore (Icpas) and his firm,569 words
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148 1992-03-24 3 BOBBY CHIN, who will succeed Keith Tay as managing partner of KPMG Peat Marwick on April 1, is the partner in charge of the firm's Japanese practice. He is the co-ordinator of "Project Japan", the KPMG worldwide committee that coordinates the firm's services to148 words
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193 1992-03-24 3 THE National Trades Union Congress (NTUC) will decide whether to run a hospital by the second half of this year, secretary-general Ong Teng Cheong said yesterday. If it decided to, the earliest it would do so was in193 words
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347 1992-03-24 3 Ang Wan May - Security Awareness Week '92 By Ang Wan May DOES the law protect against computer-relatcd crimes like hacking, piracy and bugs like the Michelangelo virus, designed to strike on March 6, the birthday of the famous artist? The answer is yes.347 words
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Article, Illustration269 1992-03-24 3 THE director-general of the Civil Aviation Authority of Singapore, Lim Hock San. is expected to become the new president of the Institute of Certified Public Accountants of Singapore (Icpas). Mr Lim. an Icpas council member since 1990, will have to269 words
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NEWS ROUNDUP
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114 1992-03-24 3 THE Consumer Price Index (CPI) in February fell 0.1 per cent over January, due mainly to a drop in the price of transport and communications. Cheaper petrol and car prices brought the index for this category down 0.1 per cent. Clothing Prices fell114 words
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88 1992-03-24 3 AUSTRALIA has offered the Republic of Singapore Air Force the use of its air base at Amerley in Darwin from this year. The Defence Ministry said this would allow the RSAF to meet present and future training needs. The offer is part of continued88 words
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Article69 1992-03-24 3 COUPLES wishing to register at the Registry of Marriages on any full working day will be registered on the same day and need not start queueing from early morning. Giving this assurance yesterday, the Ministry of Community Development also said there had been an increase in the69 words
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Article44 1992-03-24 3 FIFTY students from the six independent schools will each receive $1,000 under the Shell Scholars Award scheme this year. The scheme was set up two years ago to help students in need of financial assistance attend independent schools.44 words
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Page 3 Advertisements
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Advertisement9 1992-03-24 3 let's hear it from the software users, Pg 179 words
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Advertisement46 1992-03-24 3 We'll be back. /Ilitalia mW-I w **i IBfln iB^IIVI!r From 30 March 1992. To take you to Rome every Monday and Friday from Changi Airport at 22:25 hours. And back again, every Thursday and Sunday. For details and reservations, please call us at 737 3166. /Ilitalia46 words
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COMPANY NEWS 1
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COMPANY BRIEFS
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83 1992-03-24 4 SINGAPORE Malayan Credit Ltd yesterday said the relevant government authority has rejected its application to buy a 70 per cent share in a residential plot in Upper Changi belonging to Tri-Tech Development, a Yamasin subsidiary. It hits, however, received permission for a83 words
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Article39 1992-03-24 4 SINGAPORE Apollo Enterprises Ltd yesterday reported a 58.5 per cent jump in group after-tax profits to $5.4 million for the year ended Dec 31, 1991. Earnings per share rose 1.8 cents to 7.9 cents.39 words
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Article57 1992-03-24 4 SINGAPORE City Developments Limited yesterday announced that CDL Hotels International (CDLH) has been registered as a foreign company in Singapore. It also said that CDLH has acquired a wholly-owned subsidiary in New Zealand known as CDL Hotels New Zealand, with an initial authorised and issued57 words
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Article98 1992-03-24 4 PACIFIC Carriers Ltd, in response to a BT report on 21 March 1992, has made the following clarifications: The BT article had reported that PCL "sold 44 per cent of its holding in Citic Pacific". The company clarified that PCL and its subsidiaries had sold 77 per98 words
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231 1992-03-24 4 SINGAPORE Inter-Roller Engineering Ltd has provided the Stock Exchange of Singapore with a long list of explanations regarding discrepancies in its 1991 results. Last week, the SES asked the Sesdaq company to explain why it failed to meet the projected profit target of $2.73 million231 words
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351 1992-03-24 4 Sylvia Wong - Merchant bank's advice: offer fair and reasonable By Sylvia Wong SINGAPORE Guthrie GTS Ltd is virtually guaranteed control of L&M Group Investments Ltd but it may have got more than it bargained for. As it announced yesterday that it has built up a351 words
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316 1992-03-24 4 Chew Eng Han - From Chew Eng Han in KUALA LUMPUR CONSTRUCTION and earthworks specialists Mancon Berhad and its subsidiary Perwik Sdn Bhd are secured of about Msl billion (Ss64B million) worth of contracts for the next three years. The executive vice-chair-man of316 words
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Article, Illustration347 1992-03-24 4 Lee Han Shih - By Lee Han Shih SINGAPORE Garment maker and retailer Heshe Holdings Pte Ltd, a subsidiary of listed First Capital Corporation (FCC) Ltd, is said to have won approval for a listing on the main board of the Stock Exchange of Singapore.347 words
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251 1992-03-24 4 SINGAPORE Newlylisted Jaya Holdings Ltd has turned in a higher turnover but its pre-tax profit for the six months ended Dec 31, 1991, was flat. The marine-based company reported a turnover of $13.25 million at half-time, up 31 per cent from the same251 words
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Article, Illustration733 1992-03-24 4 Alvin Tay - THE HOCK LOCK SIEW COLUMN By Alvin Tay SINGAPORE The Big Four local banks were expected to be badly squeezed in the second half of last year, when Singapore dollar interbank rates were hovering below the banks' fixed depositSource: DBS Bank - 733 words
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389 1992-03-24 5 Loh Hui Yin - Reports by Loh Hui Yin in HONGKONG FAR EAST Levingston Shipbuilding Ltd is set to become the majority shareholder of Hongkong construction firm Contech Holdings Ltd if it exercises an option to buy more of Contech's shares next year. The option389 words
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232 1992-03-24 5 THE CONTECH Group of companies is making its presence felt in South-east Asia with the establishment of two companies each in Singapore and Thailand. Contech managing director Frank Fletcher yesterday said that while he is confident of Hongkong's prospects after232 words
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204 1992-03-24 5 SINGAPORE Steamers Telecommunications Pte Ltd, a member of the diversified Keppel group, has formed a $4-million paging service joint venture in Sri Lanka as part of its globalisation strategy. The company, which already has telecommunications operations in Singapore, Malaysia and Brunei,204 words
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196 1992-03-24 5 SINGAPORE Granite supplier Resources Development Corporation yesterday announced two purchase agreements one for a piece of freehold land and another for six units of twostorey shophouses. The 2,740 sq m plot of land at the junction of Keng Chin Road and Ewe Boon196 words
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690 1992-03-24 5 Lilian Ang - MARKET Analysts predict net earnings to be up to 45pc higher than in 1990 By Lilian Ang SINGAPORE Riding on the back of its sterling interim figures, Singapore Petroleum Company (SPC) is expected to turn in strong results for 1991. Analysts say the oil690 words
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COMPANY BRIEFS
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111 1992-03-24 6 SEOUL Hyundai Engineering and Construction Co has won a US$3.3 billion (555.4 billion) bid to build a housing project in Thailand, the largest foreign housing contract ever given a South Korean firm, a company spokesman said yesterday. The contract calls for the construction of111 words
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Article65 1992-03-24 6 PARIS French stock market authorities yesterday suspended trading in the shares of the Source Perrier sparkling water group, and in shares of its major shareholder Exor, because they had been informed that two new takeover moves were to be made at any moment. The authorities said that65 words
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Article54 1992-03-24 6 KARACHI The Pakistan government's Corporate Law Authority has extended for 60 days the suspension of trading in forward section at stock exchanges. A spokesman for the Karachi Stock Exchange said the government, which disallowed stock business in forward settlement contracts in July, had further extended the suspension54 words
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Article54 1992-03-24 6 PARIS Remy Cointreau subsidiary Remy Martin has submitted to the French stock exchanges association (SBF) a plan to sell some of its Remy Cointreau shares and warrants on the market, the SBF said in a statement. The SBF said it is currently studying the plan,54 words
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Article74 1992-03-24 6 TOKYO The Ministry of Finance (MOF) plans to sell one-third of the two million shares in government-owned Japan Tobacco Inc (JT) in the fiscal year starting April 1, a MOF official said. The government Budget for 1992/93 includes projected revenue of 278.8 billion yen (553.4574 words
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Article58 1992-03-24 6 HELSINKI Baltic Beverage Holding AB, jointly-owned by Finland's Oy Hartwall Ab and the Procordia Beverages AB unit of Sweden's Procordia AB has taken a 60 per cent stake in a new Latvian brewing joint venture, Alusdaritava Aldaris. Hartwall said in a statement that the remaining 40 per58 words
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Article62 1992-03-24 6 ABU DHABI A United Arab Emirates (UAE) investment company made large losses in 1991 because it placed funds in a British firm that was later liquidated, the company said. The Dubai-based Arabian General Investment Corporation (Agico), a private venture owned mostly by Kuwaiti businessmen, said62 words
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Article54 1992-03-24 6 LONDON Blue Circle Industries pic said it had sold its 42.3 per cent stake in S African associate firm Blue Circle Ltd to Murray Roberts Holdings Ltd for £70 million (SSI96 million). M&R already held an equal stake through Darling Hodgson Ltd, a company54 words
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390 1992-03-24 6 HONGKONG The Stock Exchange of Hongkong is considering new recommendations, which will make it tougher for companies to qualify for secondary listings. The SFC has refused to disclose details of the new proposals, but these are believed to include more safe390 words
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Article, Illustration605 1992-03-24 6 MARKET Reuter TOKYO With the Tokyo stock market at five-year lows and corporate expectations slumping, some analysts say it is time to buy. "We're in classic equity investment territory," said Andrew Ballingal of Barclays de Zoete Wedd Securities. "Everyone is depressed, sentimentReuter; Source: Telerate - 605 words
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Article142 1992-03-24 6 Reuter HONGKONG B&B Asia Ltd said it would acquire Beazer Australia Pty Ltd from Britain's Beazer pic for A 534.5 million (555.62 million). B&B Asia, the Hongkong subsidiary of Frankfurt-based construction company Bilfinger und Berger Bau AG, said it agreed last Friday to takeReuter - 142 words
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Article, Illustration489 1992-03-24 6 Americans attracted by high yield Mexican stocks AP MEXICO CITY Mexican companies have become an increasingly popular place for Americans to invest their money. Of the US$9.9 billion (S$ 16.2 billion) in direct foreign investment that poured into Mexico last year, nearly one-third ofAP - 489 words
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359 1992-03-24 6 Reuter HONGKONG Hongkong Land Holdings Ltd said its earnings growth in 1992 is likely to be limited after an 11 per cent rise in last year's after-tax profit to U*****.1 million (*****.88 million). Operating profit rose to HK5376.8 million (5581.2 million), asReuter - 359 words
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355 1992-03-24 6 FT LONDON Waste Management, the US group, is to sell 20 per cent of its international operations in a share placing and offering estimated to raise £405 million (S$ 1.54 billion). The Chicago-based group, the largest US waste management company, isFT - 355 words
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Page 4 Advertisements
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Advertisement81 1992-03-24 4 i f mm;■ CTOOSOjCUaOV flBT" I**® THERE'S MORE TO LIFE WITH M, HgffllULT I "Spacious light interior, a good sized boot, comfortable seating, good ride fSSESk mmmmm quality, competitive performance... "WHAT CAR" Magazine 4MKMHC M—m—m. "Economy better than that of many SSSSf^~ rivals...abundance of space and a high level of81 words
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Page 5 Advertisements
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Advertisement169 1992-03-24 5 ?f fifffT??' I jliii |j J I;' fU I ■HHi j J ffig 11 yi< i IDI jiu 1 Hi Nflft&u vnn i tsi§ njii. jiiii i 7 TflliHßH iilllalwli 11||] mMm 1 lljlllil j IiMTOmW Daikln's hot technology keeps you cool. You know the name Daikin as the ultimate169 words
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Page 6 Advertisements
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Advertisement131 1992-03-24 6 Rather Than Sprinkle Spices, We Throw In Freshness. Faithful to traditional Tcochew culinary art, our chefs at Hung KangTeochew v Restaurant do not use spice excessively to bring a dish to taste. Preferring instead to insist on up-to-the-minute-fresh ingredients to bring out the true taste of our food. Arid to131 words
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Advertisement173 1992-03-24 6 f'M ifri A Strathclyde MBA University of Strathclyde Bth Intake by distance learning The Strathclyde's MBA is one of the longest established courses and is regarded as being the top league of British MBA programmes. The Economist Guide to British and European Business Schools describes Strathclyde as being innovative and173 words
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FINANCIAL NEWS
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360 1992-03-24 7 Dawn Tan - It says many offers received from Japanese banks By Dawn Tan SINGAPORE Siam Cement Co Ltd, a unit of Thailand's largest industrial group, is tapping the ofTshore capital markets for US$2OO million (*****.9 million). Siam Cement, Thailand's largest cement maker, is said to360 words
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275 1992-03-24 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The Petrochemical Corporation of Singapore (PCS) is said to have invited four banks to propose ways to finance a US$4 billion (556.68 billion) complex it plans to build on Pulau Ayer Merbau, off275 words
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SMALL CHANGE
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81 1992-03-24 7 MANILA Far East Bank and Trust Co, the Philippines' second-largest private bank, posted a profit of 954.5 million pesos (5559.18 million) last year, a 2.6 per cent improvement from 1990, its annual report said yesterday. Chemical Bank Inc of New York and Sakura81 words
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Article149 1992-03-24 7 TOKYO Major Japanese banks are planning to assist Nichiboshin Ltd, an ailing non-bank financial institution, spokesmen for the banks and Nichiboshin said. Spokesmen for Dai-Ichi Kangyo Bank Ltd, Sumitomo Trust Banking Co Ltd and Daiwa Bank Ltd said they were currently discussing the issue with149 words
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Article82 1992-03-24 7 ABU DHABI, United Arab Emirates The collapsed Bank of Credit and Commerce International in the United Arab Emirates took another step towards closing down its operations on Saturday by selling thousands of dollars worth of office equipment from its head office. In five hours82 words
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Article101 1992-03-24 7 MILAN Cariplo, Italy's biggest savings bank, last week signed a letter of intent to buy a 21 per cent stake in Istituto Mobiliare Italiano (IMI), the Rome-based investment banking and financial services group. No price for the deal, which is part of the wide-ranging restructure of101 words
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264 1992-03-24 7 Reuter WELLINGTON DFC New Zealand Ltd, the investment bank that shocked the New Zealand economy when it collapsed in 1989, said it had largely repaid its tier-one debt three years ahead of schedule. The final NZ$235 million (Ss2ls million) payment on tier-oneReuter - 264 words
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306 1992-03-24 7 US$ 16b sales made despite shrinking global market SINGAPORE Visa International's sales of travellers cheques jumped 15.3 per cent to US$l5.B billion (5526.37 billion) last year despite worldwide falls in the industry. The global market for travellers cheques contracted to US$56 billion last306 words
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Page 7 Advertisements
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Advertisement227 1992-03-24 7 CEoH ns mPITTT THE NEW CROWN. Introducing the all-improved wWI new Crown. The Crown has always been an exceptional car for exceptional men. And the all-improved new Crown goes even further in being an exceptional statement of Success. With its modern and refined good looks. No wonder those CEOs who227 words
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THE REGION
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557 1992-03-24 8 Manufacturers worried that products may be used to skirt trade barriers SEOUL Fears are rising in South Korea that its efforts to chart a path of self-sufficient economic growth are about to be undermined by a flood of Japanese goods557 words
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Article, Illustration402 1992-03-24 8 Reuter SEOUL South Koreans vote for a new parliament today amid economic gloom that could mean heavy losses for President Roh Tae-woo's ruling party. Political analysts say Mr Roh's faction-ridden Democratic Liberal Party (DLP) faces an uphill battle and could even fail toReuter - 402 words
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511 1992-03-24 8 Said Abdullah - By Said Abdullah SINGAPORE Despite the slowdown in world trade last year, four of the six Asean nations chalked up significant export gains, according to the latest rankings by the General Agreement on Tariffs and Trade (Gatt). Singapore moved a rung511 words
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191 1992-03-24 8 AFP MANILA The Philippines is poised for sustained growth in coming years following major reforms undertaken by outgoing President Corazon Aquino, an International Monetary Fund (IMF) official said here yesterday. The IMF resident representative in Manila, Christopher Browne, said structural reforms implemented overAFP - 191 words
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258 1992-03-24 8 Reuter COLOMBO The second tranche of an International Monetary Fund loan to Sri Lanka will be delayed because Colombo is slow in implementing economic reforms, economists said yesterday. The money, about US$75 million (S$ 124.5 million), isReuter - 258 words
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Page 8 Advertisements
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Advertisement153 1992-03-24 8 GROWTH TRIANGLE A special Business Times Survey April 15,1992 It has been two years since the concept of a growth triangle linking Singapore, Johor and Batam was mooted. How far has development grown under the Growth Triangle? Will changing global economic and geopolitical trends affect the success of the triangle?153 words
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Advertisement126 1992-03-24 8 BUS! N E S S TIMES Toll free Tel No 737 0043 Fax No: 734 3608 SMITH NEW COURT SECURITIES PTE LTD Applications are invited from suitably qualified candidates for the position of: DEALERS Reporting to the Dealing Director, successful candidates' responsibilities will include daily execution and reporting of trades126 words
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THE WORLD
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525 1992-03-24 9 But concern remains over whether recovery can be sustained NYT WASHINGTON Federal Reserve officials say recent data indicate that the economy is picking up steam, but they remain worried that the incipient recovery could peter out. In interviews last week, two Federal ReserveNYT - 525 words
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173 1992-03-24 9 AFP HONGKONG Foreign firms are still attracted to Hongkong despite 1997, especially companies from the United States, Britain and Japan, a government survey showed yesterday. There were a total of 880 regional representations in the British colony, which is to revertAFP - 173 words
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WORLD WATCH
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123 1992-03-24 9 BEIJING Chinese Foreign Minister Qian Qichen said yesterday he will meet his South Korean counterpart Lee Sang Ock here next month for talks that may include the establishment of diplomatic relations. The meeting will take place on the sidelines of an April123 words
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Article104 1992-03-24 9 HONGKONG A high-level private trade delegation from Hongkong is to make a first-ever visit to Cambodia this week to look for business and investment opportunities, it was announced here yesterday. The 20-member delegation led by the Hong Kong General Chamber of Commerce would leave104 words
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Article116 1992-03-24 9 MOSCOW Industrial output in Russia fell by 13.5 per cent during the first two months of the year compared with the figure during the same period of last year, the state statistical committee (Goskomstat) has reported. In agriculture, the output of meat fell by 24 per116 words
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Article97 1992-03-24 9 TIRANA, Albania Initial results yesterday indicated the opposition Democratic Party had overwhelmingly defeated the former communists in parliamentary elections, ending a half-century of isolation, poverty and Stalinism. The Democrats won over 70 per cent of the popular vote in virtually all 18 zones where votes had97 words
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779 1992-03-24 9 Plan to privatise 22 firms may raise USs24b TAIPEI China Steel Corp has stood out as a monument to state management in Taiwan. With 10,000 hardcharging employees and two of Asia's most modern mills, the US$2.3 billion (SS3.B billion) company has churned out779 words
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Article, Illustration468 1992-03-24 9 Reuter WASHINGTON The White House sees clear signs of economic recovery, but economists say the signs are too faint to assure that US jobless rates will fall before November's presidential election. "It means a very close race" for incumbentReuter - 468 words
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Page 9 Advertisements
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Advertisement543 1992-03-24 9 2020 Vision New Business n Principles for the Information Economy Friday, April 24,1992 W2.oopm 5.30 pm Col Iyer Room Westin Stamford An Opportunity Not to be Missed In his first ever public lecture in Singapore, we have a unique opportunity to listen to the co-author of 2020 Vision, Bill Davidson,543 words
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Article472 1992-03-24 10 EDITORIAL ONE OF the greatest catalysts of change for Asia has been Japan's incredible economic strength. An overvalued yen enabled Japanese companies and banks to lend money to international borrowers, buy US T-bills which financed America's scandalous deficit and invest in relatively lowcost economies, ushering472 words
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WHAT THE OTHERS SAY
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Article267 1992-03-24 10 THE GOVERNMENTS announcement that the Singapore Open University (SOU) will not be established now, as was announced last year, must have surprised many and disappointed working adults waiting for just such a second chance. The government is now approaching private institutions to run the Open267 words
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Article124 1992-03-24 10 ALMOST NO ONE in the world is opposed to disarming Iraqi President Saddam Hussein. However, US preparations for a new military showdown with Baghdad are fraught with political risks and unpredictable results. Chief among the risks is whether President Bush can hold together the broad coalition124 words
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Article101 1992-03-24 10 ENTRY RESTRICTIONS on foreign vehicles have increased the burden of Malaysians who work in Singapore, say reports in the country's media. But it should be well known to our neighbours that Singaporean drivers pay a high price to keep traffic jams at bay. It is only fair101 words
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REGIONAL VIEWPOINTS
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Article170 1992-03-24 10 SOUTH-EAST ASIAN nations have separately expressed belated concern about the fate of the Arakan Muslims forced to flee to Bangladesh. Unwittingly, perhaps, Asean conveys the image of having been unconcerned when Burmese Buddhists were being slaughtered, as in 1988 and 1989, and only worried now that170 words
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Article205 1992-03-24 10 NO MATTER how developed democracy is in a country, the hard issues almost always take a back seat to short-term economic interests when election time comes. The tax cuts promised by both major parties in the US and, most recently, introduced by the British government in its latest205 words
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Article102 1992-03-24 10 IF THERE IS ONE THING that is luminously clear from the Department of Environment's 1990 report, it is the fact that Malaysia's environment is in bad shape and our environmental protection efforts are lacking in some ways. The parasites and predators on the country's ecosystem namely the102 words
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Article, Illustration1085 1992-03-24 10 Archbishop Desmond Tutu - While heartened by the result of the .South African referendum, Archbishop Desmond Tutu says other serious issues have to be addressed Archbishop Desmond Tutu Los Angeles Times PAIN and disappointment are prominent among the emotions experienced by many black South Africans concerning theLos Angeles Times - 1,085 words
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Page 10 Advertisements
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Advertisement149 1992-03-24 10 SingaPort 1992 To-date, Singapore's shipping and maritime technology has come off age. And to mark this maturity, Business Times will be publishing SingaPort '92 I Supplement on March 25,1992 to tie in with the official opening of SingaPort '92 International Maritime Conference and Exhibition(on till March 28). The supplement anchors149 words
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Page 10 Miscellaneous
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Miscellaneous42 1992-03-24 10 POONESBURY BY GARRY TRUDEAU HEY,MAN, I JUST GOT WPOttBCING OBJECTIVE t€AN*Xj\ YOU MEAN IN UJHISO KAMtQOUT SUPPOeWTO I HMZ TOTFASH ACANPKKW* SPTTBOFMS PCXUN* FORPOtNOA 7WT6OWS mFAa UJHAT IF I oejeCTlVU#, OHFIR- FLAWS* PUFF Piece WMOUNP..M aWTCN'S I MUX OONCWDe THAT THtSGW FUWS?42 words
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ANALYSIS
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919 1992-03-24 11 Steven Greenhouse - The enormous federal spending on health care in the US is making the deficit balloon. Steven Greenhouse reports Steven Greenhouse NYT A YEAR AFTER White House economists forecast that the federal budget would have a surplus by the mid-*****, they are nowNYT - 919 words
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Article, Illustration1055 1992-03-24 11 Chuang Peck Ming - The textile and garment industry in Singapore is becoming a victim of the times. Does it have a future here, or is its fate sealed? Chuang Peck Ming reports Chuang Peck Ming CHENG WAI Keung, managing director of Wing Tai Garment, recalls that as far back1,055 words
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Article, Illustration623 1992-03-24 11 A New York Times editorial says the: US should exploit China's renewal of capitalist economic reforms NYT AMERICA'S China policy is locked in stalemate. President George Bush refuses to demand much of anything from China's leaders. Congress insists that every issue be addressed before extending normalNYT - 623 words
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Page 12 Advertisements
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Advertisement966 1992-03-24 12 MlNothing Beats A Bud. where to wine, dine OF HONG KONG POOD FESTIVAL From 16 31 March. Cafe Plaza brings you tantalising temptations from Hong Kong, or Fragrant Harbour. Come for an authentic Cantonese dining experience today. Adult: $16++ (lunch) 616++ (dinner) Child: $10++ (lunch ft dinner) Plaza Hotel Cafe966 words
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Advertisement282 1992-03-24 12 Local Tea Time delights at Chatterbox Friday, Saturday and Sunday 3 pm to 5.30 pm. $14.50+ per person $8.50 per child (below 10 yra) for W Mezaanrr Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pin to 6 pm. $16.00-*- per person $10.00+ per child (below 10 yr»)282 words
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Page 12 Miscellaneous
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Miscellaneous605 1992-03-24 12 TELEVISION AND RADIO RirHip<s and hnopvQ wbm~z~ tsar*—"- mmmsm ±jil uica aiiu uugcya 3SiBL(|) ■■VninVJfOTaaßi I" 830 10 00 TMWda PrWß,<r# Nl ht *»s(M). 05am 5.05pm, 1.05 a*: World V 6 55 PM oMnjne stick <See Our Choice). 8.35 Pak Din KK. Business Report To Kill a Mockingbird, B.oopm, CNN605 words
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LIFESTYLE
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Article, Illustration579 1992-03-24 13 Susan Tsang - Susan Tsang previews Waltzing Regitze, one of the movies being screened tonight as part of the EC Film Festival Susan Tsang WALTZING REGITZE intercuts scenes from present and past as Karl Aage, half of a very successful marriage, recalls his life since he first met and waltzed579 words
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Article, Illustration1158 1992-03-24 13 Cheryl Liew - Cheryl Liew draws up a list of movies scheduled for the rest of the EC Film Festival Cheryl Liew Tuesday, March 24 VIGOUR (The Netherlands) Story of a recently widowed farmer who leaves for a fair in Amsterdam in an effort to get over his bereavement.1,158 words
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Article, Illustration634 1992-03-24 13 CHATTERBOX WELSH ACTOR Anthony Hopkins and his American co-star Jodie Foster won British film industry awards on Sunday for their roles in Silence of the Lambs, a chilling tale of a flesh-eating serial killer. Hopkins' portrayal of the psychopath "Hannibal the Cannibal" Lecter won634 words
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Page 13 Advertisements
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Advertisement178 1992-03-24 13 AND ENTERTAIN A buffet of perennial favourites with a different selection everyday... Monday Western Favourites Tuesday Chinese Delights Wednesday Malay Temptations Thursday Mexican Specialities Friday Italian Raptures Saturday International Served daily from 12 noon to 2.30 pm at $19.50+ per person. An a la carte menu is also available. ANA178 words
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Advertisement239 1992-03-24 13 z&ZPI Tcoursedeucaciesl §Ml 9 BONUS ITEMS I \&TJ -r k J Qf/ HO Enjoy the following bonus items now! Menu I I B 1. ASSORTED COLD CUTS jj 1. 1 Euroca 35mm MFII camera m W/CRAB MEAT 2. 1 rod Konica 135-35 mm film I,CKEN 3 3. Video recording service239 words
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Page 14 Advertisements
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Advertisement171 1992-03-24 14 We Probably Know More About Aircraft Than Any Other Airline. (We Also Build Them, You See.) Time was when our technical abilities extended merely to the maintenance of aircraft. Till one day, when the manufacturers, rather pleased with our quality ot work, paid us the ultimate compliment: They asked our171 words
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FOCUS
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Article, Illustration1200 1992-03-24 15 Zoe Phoon - Earlier this month, Innovest Bhd sold its 23.5 per cent stake in Inno-Pacific Holdings Ltd to Malayan United Industries Bhd to pare down its huge Mss3o million debt. Despite its commanding position in the Malaysian fast food sector, Innovest Bhd has been suffering losses.1,200 words
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889 1992-03-24 15 FOR lack of funds, Innovest nearly didn't get its cash-cow integrated poultry operator KFC Holdings (Malaysia), now its 53-per-cent-owned subsidiary and major earnings contributor. It was recession in 1985/1986 and the story goes that Innovest executive chairman Datuk Dr Mokhzani Abdul Rahim889 words
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Article575 1992-03-24 15 Mixed fortunes fail to keep pizza chain off expansion path Despite innovest's global grip on the Shakey's Pizza franchise except Japan, where it is owned by Kirin Beer and Mitsubishi Corp the financial fortunes of the pizza chain have been decidedly mixed. Even so, Innovest executives575 words
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Page 15 Advertisements
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Advertisement346 1992-03-24 15 Introducing the PLUS flex "The amazing multifunctional computer. Everything you find In a PC. besides the monitor, orfX is right inside the keyboard. The slim, sieek Datamini Plusflex Computer will save space, but more importantly it is the first computer with multifunction capability to support four different computerization needs: of-Sale346 words
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Page 16 Advertisements
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Advertisement306 1992-03-24 16 (What leading industry consultants are saying about NCR's System 3000J ■■NCR has demonstrated an unmatched commitment to standards, competitive pricing, network management and distributed systems. The company backs its direction with firm financial footing and credible service and support. J5 Forrester Research M t r. T ji, tin 0 j|306 words
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INNOVATION & TECHNOLOGY
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412 1992-03-24 17 Claire Leow - Claire Leow investigates and finds out that cheaper Macs also mean greater market share Claire Leow APPLE Singapore reduced the prices of a range of popular products yesterday to woo more first-time Macintosh users. The cuts range from 5 per cent to412 words
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Article, Illustration764 1992-03-24 17 Kenneth James - Software copyright seminars seek to educate the user. Fair enough, but are software's big boys really listening to those they are trying to teach? Kenneth James wonders IT MATTERS Kenneth James IT'S TIME for True Confessions. How many personal computer (PC) users can764 words
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183 1992-03-24 17 Singapore Telecom Equipment and HewlettPackard signed a strategic altgance yesterday in a move to Merge their telecommunications and computer technologies to meet the growing Remand for integrated voice and data networks. The "marriage" aims to serve a local market183 words
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Article, Illustration253 1992-03-24 17 US Telecommunications giant Motorola Inc recently launched in Singapore what it claims is the world's smallest and lightest cellular phone. The MicroTAC II handphone, which will cost about $5,000 here, was introduced by David A Keller, Motorola's vice-president and operations manager, Asia Pacific, International Cellular Subscriber253 words
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Page 17 Advertisements
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Advertisement265 1992-03-24 17 1 I t w It's the birth of a totally new Ford Telstar. Conceived and highly responsive 16-valve DOHC engine with fuel belts, asbestos-free brakes. Even an environment-friendly by the mind. Sculptured by the wind. Not a revamp of injection. Monitoring its silky smooth performance, is a 3-way Catalytic Converter265 words
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SPORTS
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SIDE LINES
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95 1992-03-24 18 ST PETER PORT World women's squash champion Susan Devoy of New Zealand retained the Guernsey Open title with a 39-minute 9-5, 9-1, 9-4 win over England number one Martine Le Moignan here on Sunday. It was Devoy's third successive triumph in Guernsey. She defeated Le95 words
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Article126 1992-03-24 18 PHOENIX, Arizona Danielle Ammaccapane made the most of her home advantage here on Sunday, firing a 4-under-par 67 to win for the second year in a row on the Moon Valley Country Club course. Ammaccapane, a Phoenix native who competed as a schoolgirl on the126 words
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Article86 1992-03-24 18 CALGARY, Alberta Roberto Sighel became the first Italian ever to capture the men's speed skating world championship on Sunday when he amassed a world record 157.150 points over four distances at the University of Calgary Olympic Oval. Sighel on Sunday added a second place in86 words
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104 1992-03-24 18 JOHANNESBURG South African sport officials say Ithey will send 125 athletes to the Summer Olympics in Barcelona, the country's first Olympic appearance in 32 years. The decision was announced on Saturday after a meeting of the National Olympic Committee of South Africa. The104 words
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299 1992-03-24 18 AFP ORLANDO, Florida Spring showers failed to douse the flame of Fred Couples, who strode to a nineshot victory in the Bay Hill Invitational here on Sunday to confirm his position as the world's top golfer. The 32-year-old American, who has won twiceAFP - 299 words
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Article, Illustration614 1992-03-24 18 Tie-up with Williams earns him Mexican Grand Prix victory AFP MEXICO CITY Nigel Mansell and his team boss Frank Williams believe they have put together a world championship-winning unit after Sunday's crushing win in the Mexican Grand Prix. "With the work Williams have done onAFP - 614 words
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Article, Illustration608 1992-03-24 18 AP KEY BISCAYNE, Florida Michael Chang lacks a big serve and rarely volleys. He failed to make the US Davis Cup team and says he's not good enough for the No 1 ranking. For these reasons, Chang squirms at the suggestion heAP - 608 words
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272 1992-03-24 18 Reuter SYDNEY "Robbery and disgrace", "farce", "shambolic", "fiasco" that was how Australian newspapers yesterday described the finish to Sunday's rain-hit World Cup cricket semi-final here. England won by 19 runs after South Africa, who needed 22 from 13 deliveries when rain stopped play,Reuter - 272 words
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318 1992-03-24 18 Reuter SYDNEY South African team manager Alan Jordaan has offered a solution to the controversial rain rules that caused a chaotic finish to the World Cup cricket day-night semi-final here on Sunday. South Africa lost to England by 19 runs after aReuter - 318 words
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Article, Illustration814 1992-03-24 18 The world of sumo faces a vexing question: is Japan ready to admit a foreigner to the sport's most exalted heights, the rank of grand champion? NYT TOKYO For years now, Japan's tradition-bound sports world has neatly sidestepped the question of how to handleNYT - 814 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4048 1992-03-24 19 Chew Eng Han - By Chew Eng Han THE Straits Times Industrials Index bounced ofT intraday lows yesterday to close marginally lower at 1,435.74, after languishing below the 1,430 level for most of the day. Opening sentiment was soft as the market absorbed the spate of4,048 words
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Article2916 1992-03-24 20 GE Life 1830 60 3.4% SI A Foreign 1950 30 +1.6% C&C 630 +20 +-3.3% UOB Foreign 710 +15 +2.2% F&N 990 +10 +1.0% Jurong Ship 50* 980 +10 +1.0% OCBC 905 +10 +1.1% OCBC Foreign 1180 +10 +09% Semb Shipyard 760 +10 +1.3% OUB2,916 words
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Page 20 Advertisements
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Advertisement125 1992-03-24 20 Shine) YOUR KEY TO BETTER BUSINESS DECISIONS! Shine isSingapore Press Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. Lui on 740 1035, Hazel Ongon 740 1771 or on Teleview, which incidentally is the most advanced and company news. I ony Chia on 740 1033. videotext system125 words
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Article3183 1992-03-24 21 H Lcong Ind 50" 555 +25 4 7% Gentings 50* 840 +15 18% LeaderU 580 15 2.7% M Banking 530 +15 2 9% Oriental Hldgs 625 +15 2.5% fan Chong 50« 234 +14 6 4% 468 +l2 2b% 306 +12 4.1% Esao 50* 494 ,03,183 words
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Page 21 Advertisements
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Advertisement250 1992-03-24 21 BANKING, FINANCE AND INSURANCE SUPPLEMENT 1998 A special Business Times Survey May 4) 1992 The theme for this year's supplement is "Managing the Tiger" which focuses on the tremendous growth achieved in recent years by Asia's banking and finance industry and the constraints faced by the region's regulators to encourage250 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5152 1992-03-24 22 Bernama BUYING of quality stocks and second liners pushed share prices in Kuala Lumpur higher as investors continued to seek bargains in active trading yesterday. The KLSE Composite Index ended at 609.33, advancing 6.14 points from Friday's close. The main board AllShare Emas IndexBernama - 5,152 words
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BT SHARE INFORMATION SERVICE
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Article954 1992-03-24 23 hirt Last Fal Tear Forecast Mt M MM (PS tmei fur EPS Cms praflt tagt tag* cmm PvM Uf eatfa| (cts) *r (SIM) (SSa) (ets) Spirt imt F Mar 12 Dec 91 126 100 *****(f) 35 2-43 7 133—165 F Mar 12 fee 91 2 3 7.041L (/5)—(29954 words
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Article783 1992-03-24 23 MM Last Fri Ymt tm$m NM Mi 1m EPS firm M mmami eaflag (cts) *r prill Mint (SHM) OB Final Nov 6 Jul 91 3.0TE 17 8781 tf Ub Final Mar 14 Dec 91 75 6 20 0 36.724 Bain Fm Final Mar 15 Dec 91 9.3783 words
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Article178 1992-03-24 23 Company Data Yaar Group Nat Not earnings Cross ann to profit/loss (L) par share dividend fOOO) (caats) Cerebos Feb 13 Sep 91 $45.623|($38 911) 148(128) 23 6TE(30TE) KL Kepong Feb 13 Sep 91 M$64 883(162 895) 15 3(1*8) 15(15) NST Feb 10 Aug 91 M$55.298(59 064 30 9(33)178 words
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Article286 1992-03-24 23 Company Date Year Croap pre-tax Hat earniags Gross ann to profit/loss (I) par sfcare dividend (*••0) (canto) YHS Mar 20 Dec 91 $4.5331(112.101) Keppel Corpn Mar 3 Dec 91 $270.740($225.008) 35 2(31.2) 10(8) MTC Feb 29 Dec 91 M$56.314($68.736) 17 5(19 37 2(37.2) Juror* Ship Feb 28 Dec286 words
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Article153 1992-03-24 23 Mar 23 Tenafa Nasional Bhd may act as a venture capital company to provide financial backing to businesses involved in the manufacture of power genratmg equipment. Mar 19 Two electronics component manufacturers, Venture Manufacturing (S) Ltd and PCI, plan to list on Sesdaq soon. Mar 18 Cerebos Pacific153 words
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Article945 1992-03-24 23 Current El Books Date Total tar Total far payment date dose payable the year last year test Find US10C (t>) Mar 10 Mar 20 Mar 30 US10C US10C Awno 20c 125%TE Mar 3 Mar 13 May IS 17 5%TE 12 SITE BAT 21c 104 8% Apr 9 Ap945 words
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Article64 1992-03-24 23 Conversion Special Trdg Scripfess Conversion deadline Period Trading Company starts (I DP) (ST) starts Centrepoint Mar 30 Apr 21 Apr 8 Apr 21 Apr 22 First Capital Mar 31 Apr 22 Apr 9 Apr 22 Apr 23 Hai Sun Hap Apr 1 Apr 23 Apr 10 Apr 2364 words
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Article373 1992-03-24 23 Company Date tUH-yw Croup pro-tax Interim ana to profit/loss (L) dividend ('000) Jaya Holdings Mar 23 Dec 91 *3.300(13.326) Cons Plant Feb 29 Dec 91 M$59 800($40.600) 10(8) DMIB Bhd Feb 29 Dec 91 M$20.500($20.400) 6(6) Sea View Feb 29 Dec 91 »,285(12.701) Sime Darby Feb 29 Dec373 words
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679 1992-03-24 23 Tram Registered Substantial Bay/ No. of Amount Shareholding Stock Date Holder Shareholder/Director Soil shares Before After SPC 19/03/92 CDP-D8S Nominees (Pte) ltd Temasek Holdings (Pte) ITd *S 5,000 14,190 133,884.476 41 84 133,879,476 4184 SPC 19/03/92 DBS Nominees (Pte) ltd Temasek Holdings (Pte) ltd B 12,000 34,750679 words
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Article257 1992-03-24 23 Company Rights Issue COL Coreokdation of every tour shares of HKJ02S nto one share of HKJ1 00 nominal amount R«hts issue of five-for-eight HKJO 36 per share before consokdation Ei-date Mar 26 Books dose Mar 26 Acceptance i Payment MY* MC8 HUp One for ten fc, MSI 10257 words
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Article634 1992-03-24 23 Company Rights Issue Manet Tech One tor one $1 00 per share Bedford Issue of $1/5 lm nominal amount of 55% Bank Guaranteed Bonds 1992/97 with detachable transferable subscription nghts (TSR) on the basis of one TSR for every four ordinary shares (a. MJO 195 for each TSR634 words
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Article585 1992-03-24 23 Kuala Lumpur Tin Fields Bhd: EGM at the PNB Theatrette, 2nd Floor, Menara PNB. 201 A Jalan Tun Razak, ***** Kuala Lumpur, on Tuesday, Mar 24, at 10am Avimo Singapore Ltd: 18th AGM at Valley Room. Shangri-La Hotel, 22 Orange Grove Road, Singapore 1025, on Wednesday. Mar 25,585 words
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Article155 1992-03-24 23 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 Mr 1316 68 (21/2/92) 1992 1545 92 (27/1/92) 1992 tof 1232 84 2/1/92) 1« jjr 142M5 (9/3/92) ******: 1333.08 3/6/91) J»J Jf 3/6/9 1991 tow; 1022 52 (16/1/91) ["J SjL !!5/!(21! 1990 1435 43 (16/7/90) «».12 «/3/90 1990 to«r 981155 words
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STOCK EXCHANGE OF THAILAND
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2224 1992-03-24 24 Reuter INVESTORS pushed up the stock market yesterday by 1 buying finance shares on a belief that their earnings per £share in the first quarter would be much higher than that in the same period of last year, brokers said. TheReuter - 2,224 words
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JAKARTA STOCK EXCHANGE
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1173 1992-03-24 24 I JAKARTA shares edged down in quiet trade yesterday with the index off 0.52 points I to 276.97. Volume was about 6.6 million shares. Heaviest trading was in I Pan Brothers with block i trade of two million shares .changing hands at 7,3001,173 words
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Page 24 Advertisements
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Advertisement45 1992-03-24 24 I WEEKENDeast l'ir l Classifieds ijx. I Our Rates Are Sure To Catch Your Eye. j Rates I 1 Run-on: 50 CentS per word FI Display Ad: $7.70 per col cm 1 Call *****46 lip: I or *****52 l^z I lor results you can measure45 words
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Advertisement275 1992-03-24 24 Plan your career in the Every Wednesday IlfettiJS&Hl WIA < 8 1 S Bftt tMbB jK 1 IWIb JU AT Ab «H ~«®lf J |r 1 &J3lfi&i if IP j mZ i 1 IP* mmm. WI Tfi liM|||f mm Li if j/ini aI £1 rlf^mLT^i HHn MBHft aBi BhHmHßh fIBK275 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2618 1992-03-24 25 Reuter TOKYO stocks ended with modest gains, giving up most of an early rally. While bar-gain-hunting and expectations of a discount rate cut in the near-term supported the market, the absence of fresh incentives sent most investors back to treading water. TheReuter - 2,618 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2613 1992-03-24 25 Reuter HONGKONG share prices finished higher in moderate trade yesterday, bolstered by follow-through buying of utility stocks and a rebound by the banking sector. "A big US player stepped in to snap up utility stocks in addition to buying by other institutions," said anReuter - 2,613 words
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AUSTRALIAN STOCK EXCHANGE
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2239 1992-03-24 26 Reuter THE Australian share market ended slightly firmer but off its highs in thin trade, led by industrial blue chips. Brokers said the market opened stronger in line with gains on the Japanese market, but fell back in the afternoon as TokyoReuter - 2,239 words
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REGIONAL STOCK MARKETS
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Manila rally skids on new election fears
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Article553 1992-03-24 26 MANILA share prices yesterday slipped off an impending rally after the Commission on Elections warned that the Philippine national polls in May may be violent. The Manila Stock Exchange Composite Index lost 18.38 points and closed at 1,101.79, down from Friday's 1,120.17. "The possibility of violence in the coming553 words
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Article532 1992-03-24 26 TAIWAN share prices fell further to finish lower across the board yesterday, dragged down by political worries and stop-loss selling, brokers said. The Weighted Index dropped 59.87 points to close at 4,685.16. Turnover was a very thin NTS 17.26 billion against NTS 14.2 billion. Brokers said there were early532 words
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Article262 1992-03-24 26 NEW ZEALAND shares yesterday ended one of their quietest sessions this year a fraction lower as institutions avoided the market to consider their strategies for a welter of imminent equity raising exercises. The NZSE4O Capital Index fell 2.51 points to 1,436.30 for its fifth successive decline, and brokers262 words
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Article828 1992-03-24 26 ACTIVE institutional buying and sup- port from the Korea Securities Market Stabilisation Fund (KSMF) drove Seoul stocks higher yesterday on the eve of the general election. "Institutional and fund buying encouraged individuals," Daewoo Securities broker Huh Eui Do said. Investors traditionally buy ahead of elections and sell afterwards. Brokers828 words
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Article50 1992-03-24 26 INDICES TURNOVER Clow Mar 23 Pivvkm NEW ZEALAND NZSE-40 Capital 1.436.30 1.438.81 -2.51 MAIMA Composite Index Turnover (million) 1.101.79 1,280 1,120.17 1,400 -18.38 -120 TAIPEI Weighted Pnce Index Turnover (NTS billion) 4.685.16 17.26 4.745.03 14.2 -59.87 3.06 SEOUL Composite Stock Index Turnover (billion won) 624.13 449.7 617.3 262.9 +6.83 186.850 words
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Page 26 Advertisements
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Advertisement22 1992-03-24 26 The Bombay Stock Exchange was closed yesterday to enable brokers to complete cash section business done in the two weeks ending Friday.22 words
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CURRENCY, MONEY & FUTURES MARKETS
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906 1992-03-24 27 REPORTS Tokyo: The US dollar ended higher in listless Tokyo trade. Dealings were pared to a minimum due to lack of fresh incentives, dealers said. Customers were virtually absent and dealers said the US dollar is likely to enter906 words
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216 1992-03-24 27 Reuter MANILA The strength of the Philippine peso against the US dollar is temporary and is likely to be reversed as soon as the economy starts picking up, an International Monetary Fund (IMF) representative said yesterday. Resident IMF representative Christopher Browne said the peso hadReuter - 216 words
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Article377 1992-03-24 27 Cross rates Mar 23 USS SS MS Dm Yen SFr AS NZS USS 1.6680 2.5895 1.6750 134.20 0.5862 1.5230 1.3158 1.8182 SS 0.5995 1.5525 1.0042 80.4556 0.3514 0.9131 0.7888 1.0900 MS 0.3862 0.64 0.6468 51.8247 0.2264 0.5881 0.5081 0.7021 Dm 0.5970 0.9958 1.5460 80.12 0.3500 0.9093 0.7855377 words
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Article529 1992-03-24 27 Interbank rates SS Bid Offer Overnight 2 15/16 3 1/16 1-month 3 3/16 3 5/16 2-month 3 3/16 3 5/16 3-month 3 5/16 3 7/16 Overnight mode: 3 1SS Bid Offer 7 days 4 7/16 4 9/16 1 month 4 5/16 4 7/16 2 months 4 5/16 4529 words
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628 1992-03-24 27 Said Abdullah - By Said Abdullah SINGAPORE Euroyen bonds issued by Japanese firms are fast gaining popularity, thanks to the persistent slump in the stock market and tough credit conditions in Japan, according to Dai-I-chi Kangyo Bank. An article in the bank's newsletter said that628 words
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Article1091 1992-03-24 27 SjjjEX BgWUM Open High Low Sett Est Vol Act/Vol Op/lnt Jun 92 95.19 9121 95.18 95.20 4650 1629 ***** Sep 92 94.67 94.70 94.67 94.70 3200 1311 8529 Dec 92 93.85 93.89 93.85 93.89 2500 1019 7144 Mar 93 93.59 93.62 93.59 93.62 220 311 3190 Jun 931,091 words
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Page 27 Advertisements
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Advertisement7 1992-03-24 27 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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331 1992-03-24 28 Expert warns of problems, high development costs Reuter MANILA Indochina has received about 50 proposals worth about US$5OO million (SsB3s million), for joint ventures in mineral and energy development. Speaking at an international mining conference in Manila, a minerals expert said IndochinaReuter - 331 words
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346 1992-03-24 28 Reuter KUALA LUMPUR Malaysian tin prices, which recently went near all-time lows on a strong ringgit and active US stockpile sales, may go up in the coming months due to depleting world output and stocks, dealers and officials said. "WeReuter - 346 words
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832 1992-03-24 28 REPORTS THE PRICE of tin eased nine sen to close at M 514.18 per kg on the Kuala Lumpur Tin Market on higher offerings yesterday. Dealers said the higher premium due to the firmer ringgit against the US dollar continued to depress demand832 words
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Article1354 1992-03-24 28 Rubber Mar 23 ■M (fcfc to >*••) S cents/kg Noon Close Int 1 RSSPrompt I40.25/I4I.25N I4I.2VI42.25N Int I RSS Apr 92 I40.2V140.75 141.25/141.75 Int I RSS May 141.00/141.50 142 00/142.50 Int 2 RSS OP 137.75/138.75N I38.7VI39.75N Int 3 RSS OP I37.25/I38.25N 138.25/139.25N Int 4 RSS OP 135.25/ 136.25N 136.25/137.25N1,354 words
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Page 28 Advertisements
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Advertisement990 1992-03-24 28 BUSINESS TIMES Toll free Tel No 737 0043 *Fax No: 734 3608 IN THE MATTER OF THE COMPANIES ACT CAP. SO AND CABERUNE TRADING PTE LTD At an Extraordinary Qanaral Meet Ing of the Company heid on 17 March 1982 at 79 Robineon Road #27-00, CPF BuNdng. Singapore 0106 tha990 words
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Advertisement6 1992-03-24 28 Innovation Technology in BT every Tuesday6 words
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Article1231 1992-03-24 29 City Flight ETA Flight no City Flight eta Flight K AJm Dhahi GA893 1500 GA974 GA886 2245 2245 MH605 SQ105 1020 1050 MH670 0950 SQ228 1910 QF82 2115 MH642 SQ107 SQ109 MH607 MH609 1220 1305 1405 1450 1625 SQ106 SQ 108 MH641 SQ1 10 MH608 10451,231 words
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THE TRAVEL PAGE
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Article, Illustration720 1992-03-24 29 Guy Dinmore - LETTER FROM KIRGHIZIYA By Guy Dinmore Black smoke belching from chimneys around him, Lenin still glares down from billboards and statues at the pitted roads and drab Soviet-style blocks. Cables hang limply from pylons, trailing in the dust. Smog masks the nearby Tianshan720 words
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Article151 1992-03-24 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2623 1.2794 Canadian dollar 1.3771 1.4049 NZ dollar 0.9075 0.9260 Sterling pound 2.8316 2.8700 US dollar 1.6640 1.6720 Local dollars to 100 units of foreign currency Austrian schilling 13.98151 words
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Article68 1992-03-24 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td April 24- International Barcelona. Fo.re De (34) 3/423. T f»"babwe Bulawayo, Zimbabwe 263-9/7929S 28 Motorcar Bus.ness Spam Barcelone 86.51 3 t'TpT Accessories iraoerair irade hair i, iao<<qi i April-May International Fair Buenos Aires, Interexpo 541-*****1 Apnl 26-68 words
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Page 29 Advertisements
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Advertisement38 1992-03-24 29 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair'a 35 European destinations Check with your travel agent or call *****77 for more details. We know Europe from curt to Finmah38 words
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Advertisement7 1992-03-24 29 Advertising Marketing in Business Times every Thursday7 words
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Advertisement85 1992-03-24 29 V '~7 r Win a six-month cinema pass for two plus Panasonic products. All you've got to do is guess the winner in the four major categories Best Actor, Best Actress, Best Picture and Best Director. You could win a six-month cinema pass to all movies distributed by UIP, 20th85 words
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Page 29 Miscellaneous
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Miscellaneous250 1992-03-24 29 6 In which Ann wins let by a 8 Crude craft right astern (4) ■■r ■■l 881 IH 9 Tracks of 6 in re-built terminals (9) I I I 11 Caesar's way, having L^J— 4hi 13 Band to provide brief Maugham story (4) j 17 Allergy suffered by body of250 words
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Miscellaneous169 1992-03-24 29 Singapore Outlook: Showers over a few areas in the afternoon. Report Maximum temperature 34.7 Assoc humidity 57% Minimum temperature 27.0 Assoc humidity 88% Hours of sunshine 10.30 Rainfall in mm Nil Rainfall this month 32.5 Rainy days this month 5 World forecast Asia-Pacific Hi/Lo* C'ond. Auckland 18/14 Rain Bangkok 35/28169 words
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Miscellaneous39 1992-03-24 29 SQJHQ t(st OFFicg. ftcsoss th.nr..£ uirgr c.g-TriMO, sr> ftan r oonNrss *t߀£.t RS i u*S thinking or apposing pq<? ™S?» oescieNc MC F\LL U*X>C T?RNSFEJ? TO OFFICH U*TW FOR -WT NO U>NDO^S.... 0639 a associated newspapers ltd ihmmj t39 words
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Article, Illustration381 1992-03-24 30 Schutz Lee - Republic's approach will be modelled on Kiwi system Reports by Schutz Lee SINGAPORE Singapore is keen to tap New Zealand's experience with indirect taxation as the Republic prepares to introduce a White Paper on consumption tax this year. In his meeting381 words
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286 1992-03-24 30 Shoeb Kagda - By Shoeb Kagda SINGAPORE Indonesia and Singapore should explore more areas of co-operation and combine their business strengths to penetrate regional and global markets, said Indonesia's Minister for Industry Hartarto Sastrosunarto yesterday. Addressing a Singapore Manufacturers' Association seminar, Mr Hartarto286 words
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286 1992-03-24 30 AFP BEIJING China docs not intend to become a regional superpower as the United States and Russia reduce their military presence in the Pacific, Foreign Minister Qian Qichen said yesterday. "China has always been opposed to hegemonism and we will never seek toAFP - 286 words
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271 1992-03-24 30 SINGAPORE While New Zealand sees Asian investment as being crucial to its economic recovery, the country has taken steps to ensure a continued flow of Asian capital does not create public resentment. Visiting Finance Minister Ruth Richardson said: "We have271 words
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179 1992-03-24 30 UPI Reuter JAKARTA The Indonesian government has asked a team of trade and industry officials to investigate the clove cigarette industry after producers complained the govern-ment-run clove monopoly was putting them out of business, news reports said yesterday. The team will beUPI; Reuter - 179 words
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281 1992-03-24 30 Reuter GENEVA European Community sources said a serious threat to successful completion of the Uruguay Round of world trade talks had emerged with US proposals on how to handle services. The sources, who asked not to be named or quoted directly,Reuter - 281 words
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Article, Illustration729 1992-03-24 30 HARISH MEHTA; HARISH MEHTA - CIS the land of milk and money? The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent IT IS a replay of vintage Russian diplomacy. They are now talking in earnest about pulling out of Cam Ranh Bay, Vietnam, possibly this year, in the expectation that it729 words
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244 1992-03-24 30 Reuter KUALA LUMPUR Vietnam is holding talks with Malaysia's state-run Perwaja Steel on possible joint deals to revitalise its ailing steel industry. Perwaja officials said after talks with Vietnamese officials that they were considering jointly starting a steel mill in Vietnam, pendingReuter - 244 words
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Page 30 Advertisements
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Advertisement489 1992-03-24 30 1 Singapore's most popular Nitsuko I Key Telephone System I GIVE HOUR HUE THE EXECUTIVE maim Diminished wcxty lines leading to Ane lines Removed f 1 trad baggy > W Diminished m -mKfff the onset of furrowed m stress lines Removed Vopen pores f j/^Mr and blackheads jflH|JH| M *9ii^mMmt.489 words
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Advertisement111 1992-03-24 30 SINGAPORE COm fSZ Distributor of the most sought after Key Telephone System Tel: *****88 J KHAW AND SONS Specialist English Chinese Translators We specialise in English Chinese translation, copy-writing and I Mandarin dubbing services. Our I translators, well-versed in Beijing, I Taiwan and Hongkong Chinese, are I used to demand111 words
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SHIPPING TIMES
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Article, Illustration372 1992-03-24 31 Juliette Walker - Aussie group will have an exhibition at Singaport '92 By Juliette Walker SINGAPORE Members of Australia's marine industry are hoping to persuade Asian nations to think of Australia as a source for marine products, technology and expertise as they promote their wares at372 words
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384 1992-03-24 31 HONGKONG Hongkong International Terminals (HIT) expects to improve its container handling system by 20 per cent when a new tracking system goes into operation by the end of April. The system terminal reporting and communications system (TRACS) is expected to expedite truck movements384 words
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356 1992-03-24 31 AFP SYDNEY Australia's Civil Aviation Authority (CAA) is under pressure to reconsider a much-criticised decision to award a US$l9O million (Ss3lo million) contract for an air traffic control system to a French company. The authority has been accused ofAFP - 356 words
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847 1992-03-24 31 P«ge Col ABC Containerize 12 1 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 2 ASCL 5 9 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 19 3 Bangladesh Shpg 8847 words
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482 1992-03-24 31 THAILAND THE Finance Ministry has approved part of a tax reduction package for the maritime transport industry as proposed by the Transport and Communications Ministry. The two ministries will discuss details of low-interest loans for maritime transport operators, according to The Nation. ML482 words
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Article187 1992-03-24 31 FT MARSEILLES The French government has given its blessing to attempts to reopen a bankrupt shipyard near Marseilles, attracting opposition allegations of underhand electioneering tactics. The yard, at La Ciotat, is an historic industrial symbol, where the extreme right-wing national front has had a bigFT - 187 words
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NEWS SUMMARY
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Article41 1992-03-24 31 AUSTRALIA became the latest global link of the Korean transportation conglomerate, Hanjin, when it began its "pilot" shipping service to Australia in November a little more than a year after inaugurating its air service. Page 241 words
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Article25 1992-03-24 31 THE Australian Overseas Telecommunications Corporation (AOTC) has inaugurated the first international telecommunications link by satellite in Kazakhstan's capital, Al-ma-Ata Back Page25 words
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Article45 1992-03-24 31 ALBANIA has gone car mad since a 40-year Communist ban on private ownership of motor vehicles was lifted last year, unleashing huge demand for capitalism's enduring symbol. Car sales in the capital alone have risen nearly 3,000 per cent Back Page45 words
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38 1992-03-24 31 TWO AIRLINE executives involved in a row over rights to a punchy advertising slogan snubbed the courts and settled the issue in real Texan style on Friday with a public arm-wres-tle Back Page38 words
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LOG BOOK
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107 1992-03-24 32 BEIJING China is planning to open a string of 12 more free trade zones along its coast following the successful launch of the Waigaoqiao free trade zone in Shanghai this month, the official China Daily said on Sunday. Free trade zone applications have107 words
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Article112 1992-03-24 32 MANILA The Philippine Navy lacks the proper vessels and equipment to run after smugglers, drug traffickers and poachers, spokesman Ruben Lista said here last week. Officials have said the Philippine Navy's surface combat vessels were designed for World War II and had become obsolete. Manila112 words
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Article78 1992-03-24 32 VILNIUS Lithuanian border guards blocked a cargo plane from taking off here and discovered goods and millions of roubles aboard the aircraft bound for Kazakhstan including items that had not been declared to customs, Lithuanian radio reported on Sunday. The report said that officials78 words
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Article62 1992-03-24 32 MANILA A Philippine air force captain and nine companions missing since last August when their plane crashlanded on a southern island have been taken hostage by communist rebels, newspapers said on Sunday. They said the guerillas suspected the 10 of spying and were holding them62 words
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Article91 1992-03-24 32 EVANSVILLE, Indiana A crash in which a National Guard transport plane slammed into a hotel and restaurant near here last month killing 16 people was caused by pilot error, it was reported on Sunday. The Evansville Courier, citing military sources, reported that the C-130 Hercules91 words
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Article53 1992-03-24 32 FULTON, Kentucky Two Illinois Central freight trains collided head-on early on Sunday outside a rail yard, killing a crewman. A north-bound train with 65 cars collided with a 19-car south-bound train near Fulton, in south-western Kentucky, said Charlie Holcomb, a chief dispatcher for Illinois Central53 words
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Article, Illustration1713 1992-03-24 32 Florence Chong - Florence Chong, reporting from Sydney, looks at the expanding operations of the Korean transportation conglomerate Hanjin Florence Chong Australia became the latest global link of the Korean transportation conglomerate, Hanjin, when it began its "pilot" shipping service to Australia in November a little more than1,713 words
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Article13595 1992-03-24 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum13,595 words
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Article3257 1992-03-24 45 iHitaiiHTlinc NV: Hclsin Shpg Agencies Pte l td (Sy Marine Handling Sdn Hhd (I'K/I'N) Atninl (inwp. Accord Shp( lie I Id (SyAccwd Contr l ine (I'K/I'N). \dkris Business Corporation Philippine: (.ilvmav Shpg A Trdg I'tc l-ld (S) \hrvnkiel I iner Sen ice: Kim Shpg A I "I* (S).3,257 words
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Article259 1992-03-24 45 Abacus Couriers Tel: 545-8011. Fax: *****98 Air Express Travel 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 A Services259 words
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Article1527 1992-03-24 45 Abex 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: 545-8031 Fax: *****05. Aerospecd Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74, *****50. Air1,527 words
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Article3729 1992-03-24 46 ARGENTINA Labour working normally Buenos Aires: Port busy; no congestion, arrival have berthed without delays; situation with congestion in fiscal warehouse has improved and berthed cargoes are suffering less delays in entering warehouses. San Lorenzo: Four vessels berthed of which 2 loading grain, 1 loading vegetables oil. 13,729 words
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Article873 1992-03-24 46 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Lia: 68.350 dwt and built Mar 1978 Kasado Kudamats. serious sellers seeking best outright offers. Bandak: 62.027 dwt and built Apr 1980 Nippon Kokan. try US$l4 million. Reform: 38.461 dwt and built May 1990 Georgi Dimitrov. ideas USSIS million. Desnogorsk: 30.242873 words
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Article554 1992-03-24 46 ARRIVALS 1 DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 1 NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL617 B747F 0345 1 TYO554 words
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Article619 1992-03-24 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr D*p Name of Vmtl ETA ETD Ports of Calb Port AgcW MARCH 24 25 Mikhail Sholokhov 0900 1200 World Cruise S'porc Soviet Shipping 24 26 Maksim Gorky 1000 1300 World Cruise Jardine Shipping 25 25 Asean World 0900 1800 Sin-Phuket Sembawang Johnson 25 25619 words
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SHIPS IN PORT
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Article704 1992-03-24 47 VNMI Voy No Berth Arrival Dapartro 1 Vessel toy No Berth Arm* Departire Marina Ter minaJ 1 Sembawang Terminal Batam Baru B135 M04 alongside 2303/2300 Furia E112 S02 alongside 24 03/2300 Batam Mam *****2 MQ4 alongside 2403/0500 KoU Ratna RATNA2 S01 alongside 23 03/1700 Batam Sayang *****2704 words
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Article208 1992-03-24 47 iOflOTC r W I Berth 1: nil; 2: Johan Pearl, Kris Madura; 3: mi; 4: Ba Da Ling; 5: ApoWa;6: Uni Modes. 01 jetty: Setengor Express. oatii. Dm on Mr 23: Champwnventure V, Lady Pauline, Gina, Sonbai, Sin Zhong, Bangkok Bridge, Kris Teras*. Due on Mr 24:208 words
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Article1769 1992-03-24 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknf/Batance Rrits 9ap Voy No Etb/Btr Mod From To From A Venture 04/361 26/1100 2 23/1700 24/0659 24/0900 4 24/1200 24/1459 24/1700 ACX Me 77A 25/1500 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Ah Cofumbu ***** 25/0900 11,769 words
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Article948 1992-03-24 48 M*r 24-27: V International Congress of Sea Traffic and Poat Handling, Cadiz, Spain. 25-27: International Marine Cargo Claims Seminar in association with Lloyd's Law Reports, The Hampshire Hotel,! Leicester Square, London. For further details: Conference Dept, Lloyd's of London Press Ltd, One Singer St, London EC2A 4LQ. Tel:948 words
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Article844 1992-03-24 48 DRY CARGO brokers said an attempted recovery in the freight market on Friday failed as most routes drifted lower. The Baltic Freight Index was down eight at 1,215. Cash market sentiment suffered in the Atlantic where routes were steady to lower after improving earlier the week. Conditions in844 words
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388 1992-03-24 50 John Helmer - By John Helmer in MOSCOW THE FIRST international telecommunications link by satellite was opened in Kazakhstan's capital, Alma-Ata earlier in the month. The Australian Overseas Telecommunications Corporation (AOTC) inaugurated the system at a ceremony attended by company and Australian Embassy officials. Kazakh officials made388 words
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220 1992-03-24 50 Reuter AP BEIJING China was forced to delay the launch of a US-made Australian telecommunications satellite on Sunday after an abortive blast-off, state television showed. The Long March-2E rocket, which Beijing originally hoped would strengthen its position in the lucrative international space services industry,Reuter; AP - 220 words
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204 1992-03-24 50 Reuter SYDNEY S&P-Australian Ratings said it has raised the long-term credit rating of shipping and engineering group Howard Smith Ltd to A-minus from 888. The ratings upgrade reflects the conservative capital structure of the company and rationalisation benefits which have emerged from its structural changesReuter - 204 words
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286 1992-03-24 50 AFP DALLAS Two airline executives involved in a row over rights to a punchy advertising slogan snubbed the courts and settled the issue in real Texan style on Friday with a public arm-wrestle. The contest in three rounds was between Southwest Airlines chairman HerbAFP - 286 words
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Article, Illustration210 1992-03-24 50 AFP DHAKA Deposed Bangladesh president Hussain Muhammad Ershad, two ministers and a bureaucrat were charged here on Saturday with fraudulently procuring three British-made aircrafts, court sources said. Special Tribunal Judge Kamrul Islam Siddique read out the charges accusing Ershad, his ministers Ziauddin AhmedAFP - 210 words
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397 1992-03-24 50 AP KARLSRUHE, Germany Police have arrested a suspected Red Army Faction terrorist in connection with the spectacular hijacking of a Lufthansa jetliner to Somalia in 1977, authorities said on Saturday. A crack team from West Germany's GSG-9 paramilitary troops freed 82 passengers andAP - 397 words
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Article, Illustration471 1992-03-24 50 Reuter TIRANA, Albania Albania has gone car mad since a 40-year Communist ban on private ownership of motor vehicles was lifted last year, unleashing huge demand for capitalism's enduring symbol. Car sales in the capital alone have risen nearly 3,000 perReuter - 471 words
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262 1992-03-24 50 AFP ST PAUL, Minnesota Northwest Airlines, the fourth-largest US airline, is seeking the best strategy to cope with its heavy debt and a fiercely competitive market in which only a few large international carriers will survive. Northwest was saddled with a US$3.6 billion (Sss.BAFP - 262 words
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Page 31 Advertisements
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Advertisement21 1992-03-24 31 v UHI IM HfflCtl nprtMRIN Mcoktra «f Mm ttglitif «f AwiiM a*—*—i Milßl/J For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090.21 words
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Advertisement43 1992-03-24 31 JST Nedlloycl T far EAST TO EUROPE/ MEDITERRANEAN CALL: 221 8989 Over the next 3 days, everyone will be busy at... ...But we will be even busier at the ...collecting delivering ship's spares in transit. ■DTHB AOMSOm OKI ©□gnOu'ffo GRIFFIN KINETIC PTE LTD43 words
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Advertisement50 1992-03-24 31 A* Forwarder! 15 At Fraght Schedule 16 Container Sctiedi* 17 Courier Services 15 Cruise I Ferry Schedules 16 Daily Fraghts 18 knda 1 Port Conditions 16 StNppmg Agents 15 Stippmg Gu«le 10.11 Sl»psales/Tai*er Rates 16 Sl*ps in Port 17 Singapore Tides 17 Transport Diary 18 Weather and Sea Conditions 1750 words
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Page 32 Advertisements
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Advertisement91 1992-03-24 32 could be a controversial deal between two stock market stars, a thought-provoking report by J university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business Times,91 words
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Page 33 Advertisements
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Advertisement2040 1992-03-24 33 OOCL (8) PTE LTD JAROINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 \l||f# V BOOKINGS TEL: *****34 *****58 ■llllVlL TERMINAL/CFS TEL: *****18 220 PESAKA JAROINE SHIPPING AGENCIES SON. BHD L VQQV J m PORT KELANG TEL: *****18 FAX: *****91 *****88 Dedicated to Quality Service sgf?f L Tlfe^rF^sSS 1 CFS m: *****62,040 words
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Advertisement1605 1992-03-24 33 Read Chartpoint, a guide to investing in the Stock Market. Every Saturday in Business Times JiLUASC UNITED ARAB SHIPPING CO (SAG) IVESSEL/VOY BIW NYC I BAL I ORF 1 8AV I N. *74 77/3 1/4 1/S 1/1 1/1 I m ODOUR »1« t/4 11/5 IS S 11/S 11/S I an1,605 words
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Advertisement1442 1992-03-24 33 NEXT SAILING TO MIDDLE EAST OCEAN BLESSING V.115W ETA SIN 26/3/92 Vessel Voy ETA ETD Feeder by DESTINATIONS Work) Lynx/ Arm This wee* Mette Meersk 9204 MKBiiHiwwTaaiiTiwinniiwiawaH»a>|wi«»BrawpiiwpßMß CY 31/3 0800 HRS Port HIHIHI IHH CFS 30/3 2359 HRS Keleng Penang OAK LGB HOU MEM ATL MIA CHS BAL PHL KYC1,442 words
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Page 34 Advertisements
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Advertisement1323 1992-03-24 34 VOY NO S PORE JEDDAH SHAMTON H'BURQ LE HARVE KURAMA 15/112 26/3 4/4 18/4 14/4 13/4 HTlOlIg FRANKFURT EXPRESS 61/312 29/3 15/4 17/4 20/4 21/4 KASUGA I 20/113 2/4 11/4 25/4 21/4 20/4 DRESDEN EXPRESS 04/313 5/4 22/4 24/4 27/4 28/4 fP<M6 DANUBE 01/114 9/4 18/4 2/5 28/4 27/4 CHUN1,323 words
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Advertisement603 1992-03-24 34 SEASPAC SERVICE CONTAIMEMB M SKEAKBULK MRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT PALEMBANG 3301 EB 27/3 7/4 10/4 14/4 A" VSL 15/4 27/4 29/4 4/5 Transit Time (13) (16) (22) ALSO ACCEPTMG CARGO VIA SUVA 10 LAUTOKA. PAGO PAGO. APIA. NUKUALOFA t VILA FASTEST SERVICE TO CHLE/PERU SIN VAP603 words
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Advertisement1466 1992-03-24 34 regular independent full container service WESTBOUND FOR EUROPE VSL/VOY SM ALG BCL HAM ORE ROT ANT FEL LHA (VU (VM (VM MS) MM) ROT) NOR ASIA SUSAN 9204-3 29/03 17/04 19/04 23/04 25/04 26/04 27/04 27/04 2S/04 NOR ASIA SHARJAH 9205-3 05/04 24/04 26/04 29/04 30/04 01/05 02/05 03/045 04/051,466 words
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Page 35 Advertisements
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Advertisement1859 1992-03-24 35 H STRAITS SHIPPING PTE LTD 15 Hoe Chieng Roed #09-01 Sanford Building Singapore 0208 Tel; *****88 For. *****17 ACCEPTS «Jt SAILS CARGO SPORE B'KOK STRAITS VENTURE VO7E Muva Lab. KK 24 Mm Mar ESTEBRUEGGf V 03N 25 26 MAR »-30 MAR RAiAH BROOKE VOtt Muara. lab. KK 02 03 Apr1,859 words
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Advertisement2519 1992-03-24 35 SINGAPORE AGENT: V a ri A|*C PAG Containers (Singapore Agencies) Pte Ltd X V>Ulildlllvl 3 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0206 WT' 7 Vr Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 p m w A CR Number **********0Z EXPORT IMPORT VCIHL2,519 words
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Page 36 Advertisements
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Advertisement531 1992-03-24 36 CR NBR **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY S PORE ROAM ADAM H BURG BREMEN ANTWERP SAIWIJAYA 34W8 15/4 18/5 23/5 27/5 30/5 KUTM/ 25W8 25/5 24/6 28/6 2/7 7/7 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISEO CARGO Subject to Inducement. Also accepting cargo to Casablanca, Port Said, Port Alexandria,531 words
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Advertisement1292 1992-03-24 36 HANJIN SHIPPING FM VSL SJN UK MM. IGB OU TO Wl SM LME MAUI SA¥ LM NYC HANJIN HONGKONG 033E 29/3 DIRECT 19/4 22/4 HAN UN CHEJU OSOC 30/3 M PROSPERITY 021E 7/5 1/5 10/5 HANJIN SINGAPORE 005E 5/4 OMECT 26/4 29/4 HANJIN KNANCYANG M7E 6/4 H. KOBE 03CE 14/51,292 words
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Advertisement1336 1992-03-24 36 Ipki use we nt m *i mi «i au no l*i chs ui ktc in in iw tw nc cm nu s</ I f GAKN *E034 25/3 25/3 31/3 3/4 0/4 7/4 f/4 10/4 11/4 12/4 24/4 0/5 »/5 S/5 IJ/S ?0 5 21,5 22/5 23/5 2/C 12/0 IC/C 17/1,336 words
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Page 37 Advertisements
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Advertisement1988 1992-03-24 37 V NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 M UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 VMM NEPUNE SDN BHD1,988 words
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Advertisement1039 1992-03-24 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQURIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 iOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUW)—DCCHARCWG NOTBOUNP-lOAMNG TRAHSHFfED WA HDflHg mn lm |*A |HH61,039 words
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Advertisement1555 1992-03-24 38 K 44 VX" AS AGENTS: KAWASAJQ SINGAPORE (PTE) LTD ICR No: **********0 M) ■A V W TEL- *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 I I > I H MALAYSIA: "K" UNEMARITIME (MALAYSIA) SONBHO I A A A TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA:1,555 words
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Advertisement798 1992-03-24 38 PHIU-ORKNT UN€5 PTC LTD <4% V" 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 (Xjd BY AIR, LAND OR SEA.... JfflV WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION wtiawmih 30 MAR SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 26798 words
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Advertisement393 1992-03-24 38 GOLDEN LINE > |G4> GUAN GUAN SHPPMG \25*04 (PTE) LTD 23. T«M kym Urwl SNUVOK 01M TU 5343 MS <11 IMS) Fai 534J504 (CI Nt **********0W) •TKATO/FKKMAW CULT «MTICK Sport P Kftang Penang eouxn ST* UtonbO'ferae*. Oub» kM SOU** mm Colombo liar acta DuOai C/M Apr ciMA mwa VSL China393 words
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Advertisement2264 1992-03-24 39 SSS3sm*MM PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSSSS U SmV 140 060,1 street *03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO; *****6/OOOOL [JAKARTA 1 f fcAN6kOK VESSEL VOV SIN JUT SIM VESSEL VOV SIN BKK SIN KOTA RAKVAT 131 a/3 31/3 5/4 "OTA SURIA KSR2II 2S/3 28/3 1/4 BUNQA TERATAI2,264 words
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Advertisement734 1992-03-24 39 EacßenV F CLASS OONEUNER TRANSPORT FEEDER VESSEL PENANG P KELANG OCEAN VSI/VOY SIN SOU (< RTM (2) HAM (3) GOT (4) ANSON/TBN 20/3 21/3 NIHON 21)2 24/3 10/4 12/4 13/4 IS/4 ANSON/TBN 27/3 28/3 BENARTY 2122 3V3 17/4 19/4 20/4 22/4 ANSON /TBN 3/4 4/4 ALSIA 2132 7/4 24/4 26/4734 words
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Advertisement327 1992-03-24 39 M MYANMA WBmk FIVE STAR LINE (Myanmar National Line) Loading for Yanjon (Rangoon) Spore P.KIj Pen P.Gdf MTOlUrilll VI44W M Port SM (VI VU4W In Port SM SM MEtGU *11JW 31/2 Hm 27/11 Mar tiE THE BANK LIME (A service of Andrew We* S»*p(m(! SEW-CONTAINER SERVICE Yj HEAVY UFT CAPAHUTY327 words
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Advertisement2592 1992-03-24 42 Conventional Semi-Container Full Container Liner Services Liner Services tuinysiMt Agents. Indonesia 's Agents: Guen Been Shipping 54n BM Chung Chieo Shipping SOn Bh4 f. T. Sloknl hrtre Ineineilt Merttme General Agents: Booking Agents: General Agents: Booking Agents: m Per*** n* Ui& Must ha mm n o »i nur jurh Jutnruuvu2,592 words
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Advertisement288 1992-03-24 42 SAMUOOU INDONESIA (S) PTE LTD 1« McCALLUM STREET #U44 NATWEST CENTRE Singapore 01M Tatoc R*****0 T*fc *****01-3 Fik >28 4S3S, *****96 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK TWAOIKA 917 28/03 (THU) 28/03 (SAT) PELOPOR 1033 28/03 (SAT) 01/04 (WED) MERKUR DELTA 918 In288 words
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Page 43 Advertisements
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Advertisement624 1992-03-24 43 FAMOUS CONTAINER LINES I 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GUARANTEED 3 TIMES SAILING WEEKLY LCL SERVICES FROM KOBE OSAKA TO SINGAPORE VESSfI NAME |VOY NO |EX KOBE |EX OSAKA I ETA SIN BUNGA TERASEK 113 24/03 25/03 24/03 ACX LILAC 3-A 27/03624 words
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Advertisement1321 1992-03-24 43 JAKARTA BANGKOK 1 i» i t —i■ a BEN)* BHUM 2M 2S/03 20/03 WANT A BHUM 02N NPt 24/03 ffi AKA BHUM a/03 MB BHUM* 4MW T>i 20/03 iim 2t 03 gM BHUM 27S 01/04 07/04 MU>U BHUM## 21N Fri 27/03 Mw» 3C 03 M BOUA BHUM m 00/04 11/041,321 words
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Advertisement315 1992-03-24 43 neeß'ime VSL VOY SMQAPORE MADRAS SMOAPOfIE VESSEL WOT SM MM SM TIGER SPEED 196 M In Port 29-31/03 0506/04 TIGER BRDGE 197N 29-30/03 05-07/04 13-14/04 TIGER STM UN 31-01/04 07-09/04 IS-IC/M VSL VOY BMGAPORE/C ALCUTT A/SMGAPORE VESSEL VOY S» CM. SM LHOTSE 419 25-26/03 02-05/04 1112/04 TIGER RIVER 147CN8 31-01/04315 words
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Advertisement1838 1992-03-24 44 ffgfc blue star line TO FROM D/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SM NPI Ml ITT SM PREMER ITS 29/3 7/4 VU NPI 9/4 2C/4 MUIBfRA 27S S/4 20/4 HA NPI 22/4 1/5 AUST SIM 0511 21/4 3/5 VU NPI 5/5 21/5 FULLY1,838 words
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Advertisement1110 1992-03-24 44 THONG SOON LINES PTE. LTD. Mi 77 ROBINSON ROAD #15-00, #16-00 SIA BUILOING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: R S ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I COMVENTIOM*' /ftftilTAMM I COMTAMM EEWMCEE 1 SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL IvOT leTA IIEST1,110 words
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Advertisement6 1992-03-24 45 rVYheif^H jv else can^ TNT can.6 words
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Advertisement56 1992-03-24 47 EEEaB^I Antwerp 28/3 FremanHe 2/4 Bangkok 29/3 Bremen 28/3 Sydney 2/4 I Busan 30/3 Hamburg 28/3 Melbourne 2/4 Hong Kong 30/3 LeHarve 28/3 Kaonsiung 27/3 Felixstowe 28/3 Keelung 30/3 Rotterdam 28/3 —i L Jakarta '31/3 is I n| i° Chittaaong 27/3 I Lax/Nyc 2s7iT| Colombo 30/3 I *We travel all56 words
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Page 47 Miscellaneous
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Miscellaneous283 1992-03-24 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0(00 0700 0000 ****************************************1900 *****100 *****300 JR 22 28 29 28 2.5 20 1.4 09 06 0.5 05 0.7 12 1.7 2.1 2.2 2.2 1.9 1.6 13 1.1 1.0 1.1 1.4 PP 2.3 28 30283 words
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Advertisement457 1992-03-24 48 tors FL SHIPPING PTE LTD Tel: *****77 (12 Lines) Tlx: RS ***** FLCONTR Fax: *****56 7Q SHENTON WAY #04-028 MARINA HOUSE, SINGAPORE 0207 II WEEKLY LCL CONSOLIDATION I I I'raiT KEIAM I 30/3 6/4 I INBM KOM Ij 28/3 5/4 /BUMS 29/3 5/4 CTIIUIM 29/3 5/4 MM 30/3 6/4 RMNSNNM457 words
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Advertisement434 1992-03-24 48 i. cosco UKC COMVEHTtOMAL SERVICE VESSEL PKL PNG P.O. LOADING FOR A VESSEL 28/03 Rotterdam/Antwerp chima cowvewnowAL service VESSEL PKL PNG P.O. LOADING FOR: KAIHENG 10/03 15/03 Huangpu/Guangzhou COSCO FULL COMTAHER SERVICE* (FCL/FCL) EXPORT TO: CHIN A/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA U« WEST COAST Please rater above mentioned services to434 words
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Advertisement636 1992-03-24 48 WEEKLY Ml CONSOLIDATION BOMBAY MADRAS CALCUTTA f COLOMBO KARACHI CHITTAGONG f 4788 FAX: *****83 ESjj EUROPE/S.E.A. BREAKBULK SERVICE I vessel GOLDEN FALCON GDANSK 2S/4, ANTWERP 12/3 TO PORT KELANG 8/4, SMGAPORE 11/4, KEMAMAN 14/3, HONGKONG 21/4, KAOKSKJNG 21/4. KEELUNG 30/4 WMMfiOULft SViGAPORE 11/4 TORM ALICE ANTWERP 22-31/3 TO PORT KELANG,636 words
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Advertisement1176 1992-03-24 49 /HYUNDAI MERCHANT TO. L'ro. EABTBOUNO FEEDER TO PACIFIC SOUTH-WEBT TO PACIFIC NORTN-WEBT raaa wi nn pq> sa it mm hot mo uh m am mi wi no tcm/so m RAN MM 2(1 NO4l 11/93 10/03 »/U H. NOVUM 4K 27/13 13/04 11/04 10/04 GOtDUt GATI MMC 01/04 17/04 10/04 MM1,176 words
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Advertisement469 1992-03-24 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS «wi I4T SP N IN U SOMAI 12 HO PT isu nuu" i pt 24 3 MUQ MM II 25 1 Mill MM 2 H 1/4 S/4 FME IST MOT 1 2/4 4ITIAME 2 11/4 14/4 C9SMC TUMI 24469 words
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Advertisement884 1992-03-24 49 our SERVICE CALLS ta m Mtar taw to, LAI OM HON Ml M/ IB K SINGAPORE —*n/M mmm can— jgjg mhi u/w 11/44 n/w ii/m it/w 14/44 14/44 ii/m DIRECT EVERY m/h Kuma r—w MBM 41*2/44 n/44 a/44 nm mi nm nm mm nm WEDNESDAY —14/14 m»WWBH IMB 4MM4 WU884 words
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Advertisement110 1992-03-24 50 INVESTMENT I Every Saturday in Business Times > '< 4 .<•. 1 V 'V v'- v <-< V/ r f VV- ,-V. i 1 I I I P; I SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM HOME. A paper subscribed by Singaporeans abroad. -me local pool Is limited.110 words
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Advertisement6 1992-03-24 50 INVESTMENT Every Saturday in Business Times6 words
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