The Business Times, 24 December 1992
1992-12-24
1
44
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The Business Times
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Title Section17 1992-12-24 1 Business Times the hl sis ess paper for s-easia MITA (P) 552/12/92 Thursday, December 24, 1992 75«17 words
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NEWS
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66 1992-12-24 1 WASHINGTON Weaker demand for new commercial aircraft pulled total orders for durable goods down in November after two months of rises, the Commerce Department said yesterday. Last month's 1.9 per cent fall in orders followed a revised increase of 4.6 per cent in66 words
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73 1992-12-24 1 PARIS Demonstrations by striking Air France ground staff delayed about 10 flights out of Orly airport yesterday morning, but most flights were unaffected and on schedule, the management said. The delays occurred when about 300 employees blocked access to one of the tarmacs at73 words
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Article39 1992-12-24 1 THE Housing and Development Board yesterday unveiled its blueprint for Woodlands regional centre, which is slated to be the business and leisure hub, not just for Woodlands New Town but for all of north Singapore Pg 239 words
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Article32 1992-12-24 1 THE Singapore Furniture Manufacturers and Traders Association will lead a group of local and regional furniture manufacturers to China's largest city, Shanghai, to set up a furniture "town" Pg 232 words
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Article43 1992-12-24 1 THE National Economic and Social Development Board has predicted that Thailand's economy will grow 8 per cent next year, faster than this year's rate, with inflation expected to be higher at 5 per cent, says the Bangkok Post Pg 643 words
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Article48 1992-12-24 1 IF 1993 proves to be the year in which the global recession recedes, loud sighs of relief are likely to be heard around the advertising industry. But unlike earlier upturns, the next one may not be entirely to the liking of advertising agencies. Pg 748 words
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Article31 1992-12-24 1 A WAVE of cruise ships is flooding both Singapore and the Asia-Pacific with maiden calls giving further proof of the regional cruise market's rising tide Shipping Times Pg 131 words
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MARKETS
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Article45 1992-12-24 1 PRICES on Wall Street remained at a standstill in early trading yesterday as most investors stayed away as the holiday season got underway. The Dow Jones index of 30 leading industrials slipped 0.56 points to 3,320.54 in the first five minutes of trading.45 words
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Article39 1992-12-24 1 SHARE PRICES were lower at midday yesterday on the London Stock Exchange. At about 1230 GMT, the FTSE 100Share Index was down 7.8 points, or 0.2 per cent, to 2,834.2. Volume at midday was 378.8 million shares.39 words
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Article37 1992-12-24 1 DBS Land is buying a 3.42hectare site near the prime River Valley Road area for $178.88 million. The company, in a release yesterday, said it won the site in a private tender Pg 337 words
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Article30 1992-12-24 1 SESDAQ-listed Metalock (Singapore) Ltd has reported a 25.6 per cent fall in interim group earnings to $1.7 million for the six months ended Sep 30 Pg 330 words
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Article37 1992-12-24 1 HONGKONG'S Hopewell Holdings has raised US$75O million (S$ 1.230 billion) from a consortium of 36 international banks in the largest syndicated loan arranged this year out of Hongkong for a project in China. Pgs37 words
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Article, Illustration29 1992-12-24 1 Wednesday Change BT-MGA 697.24 -2.63 Kuala Lumpur ....645.04 0.1 Tokyo closed Hongkong 5,317.99 +20.25 Sydney 1,524.8 -5.3 Tuesday Change New York 3,321.10 f 8.64 London 2.842.0 +34.329 words
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Article22 1992-12-24 1 Exchange rates USS S$ SSI.6380 100 Yen S$ 1.3252 MS S$ 0.6310 Money market rates Overnight 3/4 unch 3-month 2 unch22 words
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Article35 1992-12-24 1 London Gold AM fix US$332.55 -US$1.80 Rubber S'porc Jan 146.00*/kg unch M'sia Jan 228.00«/kg +0.50 KL Tin Turnover 86tonnes +23 Spot M$14.5l/kg +0.12 Crude palm oil Turnover 452 lots -922 Jan M$951 /tonne -235 words
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Article, Illustration657 1992-12-24 1 Schutz Lee - Indirect trade to mainland expected to increase further By Schutz Lee SINGAPORE While Singapore's direct exports to China grew by a mere 2.9 per cent last year, indirect exports to China through Hongkong increased by a strong 45.4 per cent. Data obtainedSource: Hongkong Census and Statistics Dept - 657 words
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311 1992-12-24 1 NYT, IHT. Reuter LITTLE ROCK. Arkansas US President-elect Bill Clinton has selected Warren Christopher as Secretary of State and Congrcsssman Les Aspin as Secretary of Defence, making them the two anchors of a foreign policy team that draws heavily from the last DemocraticNYT, IHT. Reuter - 311 words
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212 1992-12-24 1 Reuter LITTLE ROCK. Arkansas President-elect Bill Clinton hinted on Tuesday he would use US economic power over China to try to negotiate changes in Chinese policy on arms sales, human rights and Hongkong. Noting the US has a USSIS billion (5524.6Reuter - 212 words
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260 1992-12-24 1 Lim Soon Neo - By Lim Soon Neo SINGAPORE The British Government has denied reports that it is planning to protest to the Singapore Government over Senior Minister Lee Kuan Yew's recent comments on Hongkong. A spokeswoman in charge of Hongkong affairs in the260 words
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535 1992-12-24 1 Private firms can enter foreign ventures: new tax breaks Reuter HANOI Vietnam's National Assembly yesterday approved sweeping amendments to the foreign investment law. allowing private firms to enter foreign joint ventures and giving new tax and operating concessions to foreign investors. "WeReuter - 535 words
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Page 1 Advertisements
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Advertisement131 1992-12-24 1 ALDO BRUE BOUTIQUE 328, North Bridge Road, #02-15 Raffles, Singapore 0718. Tel: 334 0133 Fax: (65) 336 8801 I Ad Marketing 7 Interbank Forex Rates 21 Sports 12 Aircraft Schedule 23 Jkt/Bkk, China Stocks 18 TV Radio 0 Commodities 22 KLSE 16 Unit Trusts 15 Company News 3.4 Money Changer131 words
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Advertisement38 1992-12-24 1 Analysis: More loyal team players aboard, Pg 9 US support for HK reforms could feed China's conspiracy fears: analysts, Pg 2 Kditorial: British knights, HK pawn, Pg 8 Xinhua chief asks HK govt to change course. Back Page38 words
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Advertisement97 1992-12-24 1 Christmas Crossword THE TIME has come to rustle up one's remaining Yuletide cheer to tackle Business Times* annual Christmas Crossword. A merry surprise awaits the winner. Details in tomorrow's BT. Get your BT tomorrow ALTHOUGH it is a public holiday tomorrow, BT will be published and available. Subscribers will have97 words
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Advertisement49 1992-12-24 1 %JEW UHJRA MR432 an extra 5.7 yards UHEfton 166! ha o i to A premier line from ROYAL SPORTING HOUSE PT6HD The Bottom Line: Viet business landscape is about to change. Back Page Hock Lock Siew: F&N, Times Pub must sink more funds into Haw Par Villa, Pg 349 words
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PAGE 2 NEWS
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Article, Illustration418 1992-12-24 2 Colin Tan - By Colin Tan SINGAPORE The Housing and Development Board yesterday unveiled its blueprint for Woodlands regional centre, which is slated to be the business and leisure hub, not just for Woodlands New Town but for all of north Singapore. Located right in the418 words
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404 1992-12-24 2 Projects aimed at meeting rising demand for electricity, water and gas SINGAPORE The Public Utilities Board will spend just over $1 billion next year on development projects to meet Singapore's demand for electricity, water and gas. The capital expenditure of S 1.038 billion will404 words
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406 1992-12-24 2 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE The Singapore Furniture Manufacturers and Traders Association (SFMTA) will lead a group of local and regional furniture manufacturers to China's largest city. Shanghai, to set up a furniture "town". The town, which will cost about $30406 words
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329 1992-12-24 2 Schutz Lee - By Schutz Lee SINGAPORE Anticipating problems rather than solving them as they come along that's what Singapore's furniture makers have set for themselves next year. This was revealed yesterday by James Koh. president of the Singapore Furniture Industries Council (SFIC), at329 words
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260 1992-12-24 2 SINGAPORE Cellini Design Center, a furniture design and manufacturing company, plans to open a factory in Jakarta to avoid Indonesia's 113 per cent duty! on imported furniture. Its managing director. Tan Cheng Whatt. said having a plant in Jakarta would save260 words
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SINGAPORE ROUNDUP
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Article106 1992-12-24 2 THE November consumer price index rose by 0.3 per cent over the previous month due to higher transport costs. The index was up 2.5 per cent from a year earlier. Higher prices for vehicles and petrol boosted the cost of transport in November. The month-to-month rise106 words
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Article112 1992-12-24 2 THE FIRST of the five office towers of the $1.7 billion Suntec City project at Beach Road will be ready by mid--1994. News of this new completion date for the 18-storey Suntec City Tower was contained in a Suntec City Development Pte Ltd newsletter released yesterday.112 words
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Article84 1992-12-24 2 RETAIL COOPERATIVE NTUC Fair Price is importing fruit and vegetables directly from more countries in its efforts to keep prices low. The latest source is Brastagi, Indonesia. Deputy Prime Minister Ong Teng Cheong, who is also the National Trades Union Congress secretary-gener-al, and Indonesia's Coordinating84 words
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Article76 1992-12-24 2 IN THE ARTICLE Three local banks to help SDF manage $200 million" yesterday, we incorrectly reported that Overseas Union Bank would manage $50 million belonging to the Skills Development Fund. The bank will in fact manage $75 million. BT also quoted an OUB official as saying that76 words
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Article, Illustration329 1992-12-24 2 Reuter TAIPEI Taiwan's opposition accused the ruling Nationalist Party of election fraud yesterday after prosecutors uncovered a case of apparent vote-rigging during last Saturday's parliamentary polls. Protesters clashed with police in the western county of Chiayi, injuring aboutReuter - 329 words
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236 1992-12-24 2 Andrew Cooke - From Andrew Cooke in BANGKOK RUPERT MURDOCH'S South China Morning Post Holdings (SCMP) has more than tripled to 13.58 percent its stake in the Post Publishing Co with a HK$lB9-mil-lion (5539.9 million) share purchase. SCMP bought just under two million shares236 words
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571 1992-12-24 2 AFP HONGKONG US Presi-dent-elect Bill Clinton's increasing support for democracy in Hongkong could risk feeding Beijing's suspicions that an international plot in being hatched against it, analysts warned yesterday. Most analysts advised that Washington tread carefully regarding Hongkong GovernorAFP - 571 words
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Page 2 Advertisements
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Advertisement35 1992-12-24 2 Fast, effective, asprin-free relief of colds/flu, sinusitis and hay fever including nasal congestion, sneezing, SX OS minor V aches and Ava,lable al a ,ead,ng P ha acies pains. Sole Distributor Summit Co (S) Pte Ltd35 words
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COMPANY NEWS 1
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COMPANY BRIEFS
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88 1992-12-24 3 SINGAPORE Goldvcin Pte Ltd. a wholly-owned subsidiary of the Bonvests Group, has announeed that it plans to develop a condominium on a plot of land it recently won in a tender. Costing $52 million, the piece of freehold land at Shelford Road88 words
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Article131 1992-12-24 3 SINGAPORE Pertama Holdings Limited yesterday responded to a Dec 5 BT article about the seizure ot take Sega games cartridges from two Pertama outlets in Raffles C ity and Marina Square. Pertama said that while its corporate policy dictated that its 11 outlets only dealt131 words
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Article128 1992-12-24 3 KUALA LUMPUR Menang Corporation (M) expects property development to be the mainstay of the group s activities for some time, with its proposed projects keeping the group busv for the next 15 years. It expected to launch the group's Kelana Java Urban Centre (KJUC) project128 words
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Article75 1992-12-24 3 KUALA LUMPUR Amalgamated Industrial Steel Sdn Bhd expects its investment in a number of projects, which will be completed by the end of next year, to help improve its performance, says chairman Ng Kee Wei. Speaking to reporters after the company's annual general meeting here75 words
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Article65 1992-12-24 3 KUALA LUMPUR Chemicals group Ancom Bhd is looking into the possibility of setting up a joint venture in China, group managing director Siew Nim Chee said yesterday. "We have yet to identify the type of business," he said after the company's extraordinary general meeting here, adding65 words
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Article, Illustration412 1992-12-24 3 William Chia - Land near River Valley Rd is slated for residential development By William Chia SINGAPORE DBS Land is buying a 3.42-hectare site near the prime River Valley Road area for 5i78.88 million. The company, in a release yesterday, said it won the site412 words
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408 1992-12-24 3 R Sivanithy - Son of former Sim Lim chairman believed to be seller By R Sivanithy SINGAPORE Ten million shares of Summa Investments were sold in a married deal yesterday, with Tony Soon, son of former Sim Lim Investments chairman Soon Peng Yam, believed to be408 words
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346 1992-12-24 3 William Chia - By William Chia SINGAPORE Sesdaqlisted Metalock (Singapore) Ltd has reported a 25.6 per cent fall in interim group earnings to $1.7 million for the six months ended Sep 30. The company, which released its unaudited interim results yesterday, said group pre-tax profit346 words
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180 1992-12-24 3 SINGAPORE A two-for-five rights issue of New Zealand's Magnum Corp, renamed the DB Group, was slightly undersubscribed when it closed last weekend, requiring its two controlling shareholders to fork out an extra NZ$5 million (554.15 million) to take up the excess rights shares. The180 words
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Article, Illustration272 1992-12-24 3 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE Ong Beng Seng, the managing director of Hotel Properties Ltd. renewed his master franchise to sell Haagen-Dazs ice-crcam in this region for another 10 years. Chris Killingstad, managing director of Haagen-Dazs International Far East, the head office for this region, and272 words
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708 1992-12-24 3 Lee Han Shih - THE HOCK LOCK SIEW COLUMN By Lee Han Shih SINGAPORE How things have changed in two short years. When Haw Par Villa was reopened in October 1990, its developer. International Theme Parks (ITP). was so sure708 words
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404 1992-12-24 4 Big Blue accused of withholding information on financial troubles Bloomberg. Reuter NEW YORK Four individual investors have sued International Business Machines Corp alleging that the computer maker wasn't forthcoming about its financial troubles. The suit, which also names IBM chief financial officer FrankBloomberg.; Reuter - 404 words
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256 1992-12-24 4 FT HONGKONG GEC Al- sthom, the Anglo-French en.gineering group, and General of the US yesterday •won one of the world's big»gest power plant contracts with a deal believed to be worth about HKS2O billion »(554.2 billion) to supply for aFT - 256 words
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397 1992-12-24 4 Unification marks end of nearly 30 years of rivalry Reuter MANILA The Philippines' two feuding stock exchanges, responding to appeals from President Fidel Ramos, yesterday agreed to unify their operations under the Philippine Stock Exchange (PSE). "We recognise that a unified exchangeReuter - 397 words
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309 1992-12-24 4 Bloomberg TOKYO Cosmo Securities Co compensated customers for securities investment losses during August 1989 and August 1991, Japan's new securities watchdog commission charged on Tuesday in the latest piece of bad news for the mid-sized brokerage. The unrealised losses on the securities,Bloomberg - 309 words
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617 1992-12-24 4 Reuter NEW YORK Gerald Levin, who takes the reins at Time Warner Inc following the death of Steven Ross, is likely to stick to a strategy of forging global alliances in the entertainment industry, analysts said on Monaay. Some analystsReuter - 617 words
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318 1992-12-24 4 AFP. Bloomberg HONGKONG China's first futures brokerage company has opened offices in the booming southern city of Guangzhou and in the Chinese capital of Beijing, it was reported yesterday. The Guangdong Wanyun Futures Brokerage Co was officially opened on Tuesday to helpAFP.; Bloomberg - 318 words
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190 1992-12-24 4 Bloomberg BETHESDA, Maryland Marriott Corp plans to file a motion in US Court in Maryland next week to dismiss suits brought by bondholders who are trying to scuttle the hotel company's planned restructuring. "We plan to file a motion to dismiss on theBloomberg - 190 words
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COMPANY BRIEFS
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79 1992-12-24 4 SYDNEY Bakery group Arnotts Ltd said several major institutional shareholders have said they would not accept the Campbell Soup Co takeover offer of AsB.Bo per share. In a letter to shareholders, Arnotts said the Australian Mutual Provident Society (AMP) and National Mutual Life Association of79 words
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Article86 1992-12-24 4 HONGKONG The largest operator of cold storage facilities in Hongkong. Seapower Resources International, said yesterday its net profit rose to HK.536.4 million (557.7 million) in the six months to Sep 30 from HKS2B.I million in the year-earlier period. The figures are after tax and payments86 words
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Article59 1992-12-24 4 MILAN Details were due to be announced yesterday of plans to create a single Italian high-technology group covering companies controlled by the IRI state holding concern. Shares in Finmeccanica, IRl's aerospace and engineering subsidiary, were suspended on Tuesday pending an announcement. The suspension also covered59 words
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Article101 1992-12-24 4 BRUSSELS The European Commission told two German ice cream firms they must suspend until 1998 arrangements that have effectively frozen the American Mars company out of the market. The EC's executive stopped short of fining the two companies. Langnese-Iglo GmbH and Scholler Lebensmittel. for their101 words
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Article68 1992-12-24 4 WELLINGTON Telecom Corp of New Zealand said on Tuesday the New Zealand High Court ordered it to pay damages to its sole competitor for international telephone service in a dispute over local access charges. The court also ruled that Telecom New Zealand's formula for68 words
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Article57 1992-12-24 4 TOKYO JVC Shanghai Electronics Co, a joint venture set up by Victor Company of Japan in collaboration with Chinese companies, started shipments of 29-inch and 25-inch colour television sets on Monday, Japanese company officials said. The sets are being distributed through a network of about 1.00057 words
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Page 3 Advertisements
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Advertisement67 1992-12-24 3 ■;IN THE MARKET PAGES NZ shares end flat 19 Wall St surges 20 ii nil im»miiMiin atiiNMfe llfflilfi 1 I j^l^l I YEAR'S BEST AND Y C Chang and son. Teo Siong Seng, WORST MOMENTS run Pacific International Lines (SL) fe SPOTLIGHTS: I CDL HOTELS INT'L, ACMA 1' I I67 words
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Page 4 Advertisements
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Advertisement161 1992-12-24 4 fc*/k --k I >, i.i n- > V' x -~&f INTRODUCING cnar DWTWUTto Fwtt wrrw th» rnurrs ttmm THURSDAY, JAHUABY 7,19>3 VOL.«. MO.I j 1 It's handy! It's information- We welcome all establishments packed! It's CriY WEEKLY, to advertise in our bright and jjj distributed with The Straits exciting CITY161 words
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FINANCIAL NEWS
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330 1992-12-24 5 Dawn Tan - By Dawn Tan SINGAPORE Hongkong's Hopewell Holdings has raised US$75O million (S$ 1.2 billion) from a consortium of 36 international banks in the largest syndicated loan arranged this year out of Hongkong for a project in China. Proceeds of the loan, which was330 words
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448 1992-12-24 5 Reuter KUALA LUMPUR The Malaysian ringgit's current weakness against the US dollar stems from temporary commercial demand, and the country's strong economic fundamentals should drive it up soon, dealers said. The local currency hit 2.60 to the US dollar yesterday morning before recoveringReuter - 448 words
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274 1992-12-24 5 Bloomberg TOKYO Japan's two largest accounting firms, Showa Ota and Asahi Shinwa, have broken off merger negotiations and affiliated separately with US-based accounting firms. Both had been affiliates of Ernst Young since that firm was created in a 1989 merger. ShowaBloomberg - 274 words
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463 1992-12-24 5 Reuter TORONTO Major Canadian banks, anticipating further drops in official interest rates, on Tuesday ushered in a sixth round of prime rate cuts in a week. Economists said the Royal Bank of Canada led the latest round, trimming its primeReuter - 463 words
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SMALL CHANGE
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100 1992-12-24 5 TOKYO The largest US public pension fund has asked Nomura Securities and Daiwa Securities to accept outsiders on their boards of directors, the Nihon Keizai Shimbun newspaper reported yesterday. The California Public Employees' Retirement System said it had already sent letters to100 words
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Article93 1992-12-24 5 WASHINGTON A Texas subsidiary of Bank America Corp received approval from the Federal Reserve on Tuesday to purchase the assets and liabilities of First Gibraltar Bank, the largest thrift organisation in Texas. Bank of America Texas' purchase of First Gibraltar. Irving, Texas, creates the fourth largest93 words
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Article102 1992-12-24 5 —SYDNEY Shareholders of Macquarie Bank Ltd have i, approved a plan by British merchant bank Hill Samuel Bank Ltd to sell about half its 29 per cent stake in the Australian bank. Hill Samuel is a unit of TSB Group pic. Macquarie will •-buy back102 words
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Article69 1992-12-24 5 ROME The Bank of Italy on Tuesday announced a cut of one percentage point in the discount rate, from 13 per cent to 12 per cent. It is the third reduction since the rate was raised to 15 per cent to protect the lira in69 words
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Page 5 Advertisements
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Advertisement180 1992-12-24 5 I L a It fc 4 _^k if! l 1 I m T|a H rl. i J Vi W i| k,& I rir Mkil si kiL^ He grew up on beluga caviar and Bizet's Carmen. He had a champion King Charles spaniel and a 52 roadster named Wanda. He had180 words
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THE REGION/THE WORLD
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WORLD WATCH
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83 1992-12-24 6 LONDON Foreign Office Minister Tristan Garel-Jones a key minister in Britain's policy on Europe announced on Tuesday that he plans to resign from the government, saying he wants to spend more time with his family. But Mr GarelJones said he would not leave83 words
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Article, Illustration84 1992-12-24 6 TOKYO Reshuffling the Cabinet has not helped troubled Japanese Prime Minister Kiichi Miyazawa. as the first poll since his sweeping change showed public support plunging to a new low. The Asahi Shimbun newspaper said support for Mr Miyazawa's new Cabinet had plunged to 20 per cent,84 words
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Article103 1992-12-24 6 TEL AVIV Israel's Supreme Court has upheld the government's banishment of 415 suspected Muslim extremists. Chief Justice Meir Shamgar told the court that petitions submitted by civil rights lawyers on behalf of the Palestinians had been rejected. He said the deportees were on Lebanese soil, a statement103 words
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Article109 1992-12-24 6 OTTAWA Canada's Prime Minister Brian Mulroney vowed in a television interview released on Tuesday that he will lead the governing Conservative Party into the next general poll and win. He promised his Conservative caucus in late October that he would stay on to fight109 words
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Article80 1992-12-24 6 SUBIC BAY, Philippines A Taiwanese plane carrying 80 tourists from Kaohsiung landed at Subic yesterday, signalling the start of commercial flights to the former US naval base. Richard Gordon, chairman of the Subic Bay Metropolitan Authority, welcomed the Taiwanese, who included tour operators, and gave them80 words
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Article95 1992-12-24 6 MOSCOW The Ukrainian government on Tuesday issued decrees removing price controls on most goods and allowing millions of people to become owners of plots of land attached to their country homes. Deputy Prime Minister Vasil Yevtukhov told reporters that shortly after Jan 1, prices for95 words
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250 1992-12-24 6 Reuter WELLINGTON New Zealand Finance Minister Ruth Richardson said yesterday the country's fragile recovery is sustainable and should be strong enough to ensure re-election of her conservative government next year. She said in an interview that the painful recovery her economic policiesReuter - 250 words
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332 1992-12-24 6 NYT WASHINGTON Tuesday's GDP figures show that the US economy is on a definite expansion path but for the recovery to be sustained the growth rate must be faster than at present, analysts say. The country also needs more employment and somewhatNYT - 332 words
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Article, Illustration47 1992-12-24 6 TOMISLAVGRAD, Bosnia Visiting British Prime Minister John Major enjoying a joke with soldiers from the Royal Engineers at their base here on Tuesday. The Royal Engineers are helping to build a road to enable vital relief aid to get to towns in war-torn Bosnia.47 words
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513 1992-12-24 6 Govt report sees inflation topping spc BANGKOK The National Economic and Social Development Board (NESDB) has predicted that Thailand's economy will grow 8 per cent next year, faster than this year's rate, with inflation expected to be higher at 5 per513 words
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258 1992-12-24 6 Bloomberg WASHINGTON The US government is violating "the principles of long-run fiscal solvency", says a study published by the Dallas Federal Reserve Bank. Unless President-elect Bill Clinton and Congress changed fiscal policies, the government was headed for insolvency or soaring inflation, theBloomberg - 258 words
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612 1992-12-24 6 State firms on the front line of reforms in China Reuter WUHAN, China More than half a century after British industrialists packed up and left this Yangtze river city, their Victorian-era textile factories are still cranking out cloth. Red brick factories, their roofs patchedReuter - 612 words
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476 1992-12-24 6 AFP ABU DHABI Wealthy Gulf Arab states will launch a proposed multi-billion-dollar fund in 1993 to help development in poor Arab countries, sources close to a Gulf summit here said yesterday. Three Gulf Cooperation Council (GCC) states had earmarked US$6 billion (Ss9.B billion)AFP - 476 words
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274 1992-12-24 6 Reuter BONN Germany wants Europe's defence companies to join forces now that demand for arms has shrunk with the end of the Cold War. "We cannot go on developing different kinds of aircraft, ships and other systems in Europe," said German Defence MinisterReuter - 274 words
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377 1992-12-24 6 Reuter LONDON Britain's annual Christmas shopping binge is almost over and nervous retailers hope final statistics will show that recessionhammered consumer confidence is reviving and that the tills rang louder than they did last year. But chances of a bumper Christmas look slimReuter - 377 words
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ADVERTISING & MARKETING
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611 1992-12-24 7 Return to growth likely to be shallow and slow: report FT IF 1993 proves to be the year in which the global recession recedes, loud sighs of relief are likely to be heard around the advertising industry. But unlike earlier upturns, the nextFT - 611 words
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Article, Illustration507 1992-12-24 7 Exit follows apparent fallout with magazine's owner over redesign NYT Alan abelson, the outspoken editor of Barron's, told his stunned staff on Monday that he had been asked to step down from his post, which he has held since 1981. For 16 years before that, heNYT - 507 words
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407 1992-12-24 7 Stephanie Strom - This year's promotions are less likely to hurt profits, says Stephanie Strom Stephanie Strom NYT Although sale signs that promise 25 per cent off are as übiquitous as ever in stores across the US this holiday season, retailers are turning toNYT - 407 words
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Article, Illustration525 1992-12-24 7 Kooi Cho Teng - Kooi Cho Teng on how the firm is carving a niche for itself in a highly competitive industry Kooi Cho Teng NOEL Hampers and Gifts, which recently bagged a contract with Yaohan to supply the chain with festive hampers, wants to change its525 words
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COPY LINES
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159 1992-12-24 7 NEW YORK The Aramis unit of Estee Lauder Cos said recently that it had placed in review its men's toiletries brand account after more than two decades at AC&R Advertising in New York. Michal McKay, a spokeswoman for Aramis in New York, said the159 words
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Article131 1992-12-24 7 SINGAPORE The Singapore Broadcasting Corporation's ban on the display of revealing lingerie and cleavage in local television advertising has attracted the attention of a foreign advertising magazine. Advertising Age International said in a recent issue that the ban was apparently in response to a report by the131 words
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Article164 1992-12-24 7 NEW YORK Bristol-Myers Squibb said on Monday that it had moved its US$lO million (Ssl6 million) Clairol Loving Care hair colour account to J Walter Thompson New York after nearly seven years at DDB Needham New York. Both agencies also handle other Bristol-Myers Squibb accounts. Connie164 words
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Article194 1992-12-24 7 NEW YORK The Lady Foot Locker retail footwear chain and its agency, AC&R Advertising in New York, have made changes in a humorous television commercial after some viewers took it at face value. The spot, which began running earlier this month, advertised Nike running and194 words
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Page 7 Advertisements
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Advertisement111 1992-12-24 7 You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 749 2577, and ask for home or office delivery service. MANY QUESTIONS111 words
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Article501 1992-12-24 8 EDITORIAL RARELY does Mr Lee Kuan Yew pull his punches, whether at home or abroad, especially on subjects he feels passionately about. So it shouldn't have come as a surprise that his remarks in his recent speech in Hongkong and in a subsequent newspaper interview created501 words
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WHAT THE OTHERS SAY
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Article271 1992-12-24 8 THE Australian government's rebuff of the Singapore Airlines bid for a stake in Qantas, coming within a week of Singapore Telecom's failure to win a multi-million-dollar contract to develop and operate Australia's third mobile phone network, must make certain quarters wonder whether Australians are as keen271 words
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Article127 1992-12-24 8 IT IS CRUEL and unbecoming on the part of the Israeli government to chase out about 400 Palestinians from their refugee camp and push them into Lebanon, where they do not belong. The move was taken as part of Tel Aviv's revenge for the death of an Israeli127 words
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Article106 1992-12-24 8 SOUTH KOREAN elections hogged the international limelight last week because, for the first time in 40 years, no politicians from the military ran for the presidency. In other words, it was a test of survival for South Korea's budding democracy. Kim Young-sam promised during the election campaign to106 words
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REGIONAL VIEWPOINTS
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Article175 1992-12-24 8 LAST WEEKEND, South Korea's bid for democracy paid off. Although the final election turnout was only 81.6 per cent, down from 89 per cent in the last presidential election in 1987, almost all South Koreans conceded that it was the fairest and cleanest election ever held in175 words
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Article187 1992-12-24 8 MANY POLITICAL ENTHUSIASTS watching the marathon Budget Bill debate on television last week may not have had the patience to follow the programme all the way through. Some may have switched off their sets while others switched to programmes that were more entertaining, pleasing, or more187 words
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Article137 1992-12-24 8 FOR SOME of Hongkong's Legislative Councillors, the Chrismas holiday break will not be spent relaxing, but in a ferment of creativity and tactical planning, as they attempt to devise a counter-pro-posal to the governor's controversial political reform package. The pro-China Democratic Alliance for the betterment of Hongkong137 words
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Article, Illustration695 1992-12-24 8 Yvan Chemla - China is making its presence felt as the Asian political balance is gradually redefined by a combination of factors, reports Yvan Chemla Yvan Chemla AFP CHINA has made its mark in the redefinition of the political balance in Asia as the only real counterweightAFP - 695 words
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Page 8 Advertisements
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Page 8 Miscellaneous
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Miscellaneous46 1992-12-24 8 DOONESBURY GARRY TRUDEAU Bmnupe, MOSTLY. YOUR AS FOR THE FOUL-frITRT-LtVeL SMOKSRIS VE& 3S7AOUSHEP pn* BRSATH.OROUJN CDNCGRH&O MTH B&NO OOOL, SMO&RSJ&jeSS i TUTH.SM^U-Y SOI HAD TO POSITION THE L TH6Y JUSTIPFNTIFY 1 HAIR—YOU J PRODUCT AS TH& CHILLIEST. A. MTH A CAM&L. NAMT? IT!^^ POM&ST, &AP9£ST I46 words
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ANALYSIS
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Article, Illustration1332 1992-12-24 9 Thomas L Friedman; Robert Reinhold; Michael R Gordon - Thomas L Friedman discusses the rationale behind Bill Clinton's choices for his foreign policy team, while Robert Reinhold and Michael R Gordon respectively profile two major appointees Warren Christopher and Les Aspin Thomas L Friedman Robert Reinhold Michael R Gordon NYT RESIDENT-elect Bill B ClintonNYT - 1,332 words
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Article, Illustration1205 1992-12-24 9 NYT IN THIS dissonant world of uncertainty, disorder and fear. Warren M Christopher sells confidence and trust. The quiet, discreet, almost shy Los Angeles lawyer was the man IBM turned to when it needed help in fighting a major anti-trust suit, the man President JimmyNYT - 1,205 words
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Article, Illustration813 1992-12-24 9 NYT IN SELECTING Representative Les Aspin to be his secretary of defence. Presidentelect Bill Clinton has picked a military specialist who favours further cuts in Pentagon spending but will also fortify the new administration's inclination to intervene in the fighting in Bosnia.NYT - 813 words
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Page 10 Advertisements
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Advertisement863 1992-12-24 10 Nothing Beats A Bud. where to wine, dine COF r A Golden Christmas at Plaza Hotel Christmas Eve Greet the joyful event with A> family and friends and pass the mike round for some r'sf memorable dedications. X'/ iJ.IKkM With complimentary wine A to toast the event. Christmas Day Gather863 words
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Advertisement376 1992-12-24 10 Guess who's hznter jJmSanfa thk Christmas? We serve the world to you at Top of the M O/Zarx/atit' (D ftnw**' btk tnfcti i iiwr\ 111 OrdMrd toad S*<fpnr»o»2l T«< *****H Wine, Dine and make merry cti the Paramount! CAFE VANDA MARINE TERRACE ■Bfißlfefil Buffet Lunch FUN PUB CAFE VANDA $15376 words
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Page 10 Miscellaneous
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Miscellaneous671 1992-12-24 10 TELEVISION AND RADIO infT trk tVia r»Viari£*l mzziz: ,KB3X"fitt-- 634 ssr i«i™z: Vl\J 1 I I LU Li 11/ 7.25 PM Opening followed by Ja- The Marrying Man (See Our 6.45 Asuhan Budi (Religious pro- BB g gg 9 mHz in VHF Band II 1/ 1255 AM°Nurses(Stereo) 700 Natu«i* 7.05671 words
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LIFESTYLE
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Article, Illustration496 1992-12-24 11 Yagoi Noguchi - 'Tis the season to tighten one's obi in recession-hit Japan following the bursting of the bubble economy, says Yagoi Noguchi Yagoi Noguchi Economic recession has ended years of spending fever in Japan this Christmas, with trend-setting magazines advising readers to forget the annual obsession and save496 words
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Article, Illustration759 1992-12-24 11 Andrew Malcolm - Andrew Malcolm pops into a US store selling toys for handicapped children and suggests some items to put under the Christmas tree Andrew Malcolm NYT ITs a tricky time of year, these holidays, when so many joys bubble so visibly everywhere. Yet, not far beneathNYT - 759 words
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Article, Illustration766 1992-12-24 11 CHATTERBOX THE PRINCIPALITY of Monaco needs an heir. German model Claudia Schiffer has been linked romantically with Prince Rainier Ill's son, Albert, so people are talking. But not SchifTer. "I prefer not to talk about that," she told Vanity Fair magazine. "But one thing766 words
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Article558 1992-12-24 11 Shahiron Sahari - Shahiron Sahari previews a coming show by Broadway artiste Richard lanni who pays tribute to Andrew Lloyd Webber Shahiron Sahari Andrew Lloyd Webber might be one of the most successful composers of recent times, but his music doesn't necessarily appeal to everyone's taste. Composer Stephen Sondheim,558 words
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Page 11 Advertisements
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Advertisement252 1992-12-24 11 AND ENTERTAIN <A *ttwl Srp&c-l&H Sumptuous Seafood Artichoke, Roast Tom Turkey with all its trimmings, delicious I Plum Pudding with brandy I sauce a traditional set dinner on Christmas Day J At Hubert us Grill $65 per person 7.00 pm to 10.30 pm ANA HOTEL For reservations, pUm«c*h SINGAPORE 732*1222252 words
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SPORTS
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SIDE LINES
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76 1992-12-24 12 MELBOURNE, Australia Wendy Turnbull was yesterday reappointed as Australian Federation Cup tennis eaptain for the ninth straight year. Tennis Australia president GeofT Pollard announced Turnbull had retained the non-playing position ahead of Lesley Hunt and Judy Dalton, both of whom lodged challenges. Former top 10 player76 words
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Article81 1992-12-24 12 NEW YORK Free agent Brook Jacoby is going to Japan, having signed a one-year contract with the Chunichi Dragons. Jacoby. 33, hit .261 with four home runs and 36 RBls in 120 games for Cleveland this year. He was let loose by the Indians when the81 words
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Article65 1992-12-24 12 MANILA The Philippines has invited former US basketball star Earvin "Magic" Johnson to Manila next year to help the government's Aids awareness campaign. Health Secretary Juan Flavicr told reporters on Tuesday that Johnson, who is infected with the HIV virus that leads to Acquired Immune Deficiency65 words
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Article91 1992-12-24 12 NEW YORK The National Football League (NFL) and their players have agreed in principle on a collective bargaining contract that would end a five-year labour dispute here. Both sides said they had reached a tentative agreement on a new contract, which would be the first91 words
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588 1992-12-24 12 Coach Pat Riley exploiting team's natural strengths AP NEW YORK The last time an NBA team was as stingy on defence as the New York Knicks, Wilt Chamberlain was in high school and Michael Jordan was eight years away from drawing hisAP - 588 words
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Article, Illustration445 1992-12-24 12 AP NEW YORK You're the Houston Oilers. You're already in the NFL play-ofTs and you play the Buffalo Bills at the Astrodome on Sunday night. If you win, you might have to go to Buffalo next week for a play-off game outdoorsAP - 445 words
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Article, Illustration571 1992-12-24 12 AP CHAPEL HILL, North Carolina Linnea Smith doesn't want to cancel her subscription to Sports Illustrated, just to its most famous issue. Smith, a Chapel Hill psychiatrist and wife of North Carolina basketball coach Dean Smith, recently completed a letter-writing campaign to 56AP - 571 words
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Article, Illustration277 1992-12-24 12 AFP WASHINGTON Michael Jordan led the Chicago Bulls to their second straight National Basketball Association title, but 1992 will be remembered more as the year that Magic left the game. Earvin Magic Johnson, who led the Los Angeles Lakers to fiveAFP - 277 words
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Article, Illustration447 1992-12-24 12 Reuter SYDNEY In spite of a lack of racing form, the recently launched New Zealand maxi-ketch Endeavour is the favourite for the 48th Syd-ney-to-Hobart Race starting on Saturday. The 25-metre sloop, designed for the 1993/94 Whitbread Round-The-World Race, was launched on Nov 7.Reuter - 447 words
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668 1992-12-24 12 AFP PARIS Nigel Mansell correctly predicted that 1992 would be his year, but he could never have imagined that it would also see him quit the sport he loves. The British driver with the bulldog spirit clocked up a recordAFP - 668 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3900 1992-12-24 13 Moiz Tyebally - By Moiz Tyebally SUMMA INVESTMENTS stole the limelight yesterday as share prices slipped in quiet trading. In a married deal, 10 million Summa Investments shares changed hands at 59 cents a share. Brokers said the seller was believed to be the Soon family, the3,900 words
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Article, Illustration76 1992-12-24 13 Paul Leo - Paul Leo HAW PAR Brothers International Ltd at $2.29 has broken above a downward sloping trendline on the weekly chart and will trade towards objective at $2.65. The 5-week moving average line has just cut the 15-week moving average line from below, confirming the bullish trend. On the dailySOURCE: BRIDGE INFO - 76 words
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Page 13 Advertisements
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Advertisement53 1992-12-24 13 CALL MII.ANO'S HOT DELIVERY HOTLINE NOW! 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of SlO.OO $3.00 surcharge for delivery after 11.00 pm. MILANO All ltd vw.53 words
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Article3162 1992-12-24 14 SPH Foreign 1570 70 4.7% DBS Foreign 1410 +40 +2.9% SIA Foreign 1780 30 +17% B Scmbawang 720 +20 +2.*)% Spore BusF 500 695 +15 +2.2% Summa Inv 72 +11.5 +19.0% CMB Asia 800 +-10 +-1.3% Centrepoint 50c 223 +-10 +4.7% GE Life 1160 +103,162 words
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Page 14 Advertisements
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Advertisement23 1992-12-24 14 ROY EASTERN WATCH, #01-74 LUCKY PLAZA, #01-86/88 LUCKY PLAZA, #01-19 PARK MALL, TEL: 734 3139. DELUXE EASTERN WATCH, #01-18/20 CENTREPOINT, TEL: 235 2536.^-23 words
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Article3436 1992-12-24 15 Dunlop Est CULS 454 +16 +3.7% Dunlop Est 520 +15 +3.0% M Resources 164 +15 +10.1% Keck Seng 150 +7 +4.9% George Kent 50c 306 +6 +2.0% H Leong Credit 428 +6 +1.4% Cons Plant 50c 147 +5 +3 5% Gentings 50c 885 +5 +0.6%3,436 words
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Page 15 Advertisements
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Advertisement811 1992-12-24 15 BUSINESS TIMES Toll free Tel No: 737 0043 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF P.G. PAK-POY ASSOCIATES (SINGAPORE) PRIVATE LIMITED (Incorporated in Singapore) (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of P.G. Pak-Poy Associates811 words
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Advertisement190 1992-12-24 15 PARFAIT TRADING PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50. the Final Meeting of the members of the abovenamed company will be held at the Liquidator's Office. 2 Finlayson Green #09-10. Asia Insurance Building. Singapore 0104, on Friday190 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5585 1992-12-24 16 Bernama PRICES on the Kuala Lumpur Stock Exchange finished mixed yesterday, extending Tuesday's trend, as selling alternated with buying activity in a market lacking institutional support. The absence of most fund managers and institutional players who were already on or planning vacations discouragedBernama - 5,585 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2485 1992-12-24 17 AFP SHARE PRICES rose slightly on selective buying on the local stock market yesterday amid fears that US Presi-dent-elect Bill Clinton could use economic pressure on China in a bid to obtain more democracy for Hongkong. The key Hang Seng Index gained 20.25 points,AFP - 2,485 words
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BT SHARE INFORMATION SERVICE
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Article248 1992-12-24 17 Company Date Year Group Net Net earnings Gross ann to profit/loss per share dividend ('000) (cents) SPH Dec 21 Aug 92 $186,682(5153,802) 76(62 6) 27(25) Asia Pacific Dec 18 Sep 92 $64,193($65,969) 50 7(52.1) 42 9(40 6) F&N Dec 18 Sep 92 $72.110($57,443) 40 9(32 6) 192(19.2) Material248 words
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Article65 1992-12-24 17 Company Date Year Croup Not Net earnings Gross ann to profit/loss per share dividend ('000) (cents) Pacific Can Dec 22 Sep 92 $2,4081 ($323) -(0 5) Van Def Horst Dec 21 Sep 92 $4,484l($2.739) —(4.7) —(1) C&C Dec 1 Sep 92 $65.010($71.942> 8.7(14.8) 17(17) Tunes Pub No* 2065 words
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Article351 1992-12-24 17 Company Date Half-year Group Not Interim ann to profit/loss dividend ('000) Kamunting Dec 23 Sep 92 M$9.340(M$10.532) M Plantations Dec 23 Sep 92 M$6.783l(M$4.234l) Metalock Dec 23 Sep 92 51.697($2.291) Alexandra Dec 22 Sep 92 *844(1584) Hitachi Zosen Dec 22 Sep 92 $23.699($22.683) 15(-) Isetan Oec 22 Sep351 words
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Article671 1992-12-24 17 Current Ex Books Date Total for Total for payment date dose payable the year last year MSB 5%(b) Ian 8 lan 22 Ian 29 5% 12% Amal Steel 50c 12%(b) Nov 19 Dec 3 Ian 2 12% 12% Amtek E/< 20c 6%TE Dec 4 Dec 10 Dec 30671 words
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Article102 1992-12-24 17 Dcc IS The shareholders of Sunshine ASed Investments have passed a resolution to buy over the entire stake of GCIC Singapore for $17.4 million. Benta Plantations Bhd plans to diversify into housing development in Penang, the company's first move into property development from its plantation activities. Dec 17102 words
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Article368 1992-12-24 17 Company Rights Issue Alance Ted) Three tor hve <«. $1 00 pet share Ej date Dec 10 Bks Close Dec 22 Acceptance and Payment NY A Guthrie GTS One tor one JO 23 pet share Ex date Nov 26 Books Close Dec 8 Acceptance Payment Ian 18 luon(368 words
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Article396 1992-12-24 17 Company Rights Issue Anui Steel One tw two (a. MJ2 20 pef share Issue of *****m 50% Cumulative Redeemable Preference shares of 10 sen each 1992/97 (CRPS) with up to *****m Transferase Subscnpton Rights (TSR) foe an aggregate price of MSI per CRPS with one TSR. on the396 words
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Article187 1992-12-24 17 Hani Leong Craft Bhd: EGM at the Conference Room. 14th Floor, Bangunan Hong Leong. 117 Jalan Tun HS Lee, ***** Kuala Lumpur, on Saturday. December 26, at 10.00 am Aokam Perdana Bhd: 38th AGM at the iohor Room, Shangrt4a Hotel, Jalan Sultan Ismail, ***** Kuala Lumpur, on Monday.187 words
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360 1992-12-24 17 in local curr In S$ In USS dy )T dy >t dy yr Dec 22 index chgt ..hut ihtfr chge chge World 399.5 0.5 -2.2 0.0 -4.4 0.0 -5.3 $EAFE 466 8 0.7 -7.0 -0.1-10.8 0.0-11.7 Europe 434.8 1.0 5.7 -0.3 -5.2 -0.3 -6.2 Pacific.360 words
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CHINA STOCK EXCHANGES
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Article, Illustration416 1992-12-24 18 CLSA IN Shanghai, the share prices of the foreign market posted a 3.57 per cent gain, pushing the CLSA Shanghai B Index higher to 708.52 yesterday. The surge is mainly on the back of the rumour that Chlor Alkali and Tyre Rubber willCLSA - 416 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration1078 1992-12-24 18 Reuter PRICES on the Jakarta stock exchange fell across the board yesterday but Astra International rose slightly on speculation that a consortium of investors would bid the share at higher prices, brokers said. The Official Index closed at 271.75, down from Tuesday's 272.19. They saidReuter - 1,078 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2096 1992-12-24 18 Reuter INVESTORS sold major property firms and some small banks to take profit while most shares traded near their previous close with the stock index finishing almost unchanged yesterday, brokers said. The SET Index lost 0.37 points to close at 863.50 on turnover of 4.72Reuter; Source: Bridge Info - 2,096 words
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Page 18 Advertisements
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Advertisement57 1992-12-24 18 I 1 JJIUIWIU IUMIIII AM Alii. II I I 111 BA II lII<II I I I I 111 II I I Find out I I■ I I HI I H I I I r I I| I IHI fill Personal Investment and Finance. II I I I Ift 111 11157 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2042 1992-12-24 19 Reuter THE Australian share market closed lower yesterday after overseas buying faded to make way for institutional profit-taking. Domestic and offshore buyers had helped the market recover ground after it dropped at the opening bell, but it dipped again towards the close as sellers movedReuter; Source: Bridge Info - 2,042 words
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REGIONAL STOCK MARKETS
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NZ shares end flat in thin trade
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Article345 1992-12-24 19 VOLUMES continued to thin as the New Zealand market wound down for its summer break yesterday. The larger stocks were generally steady. "The feel of the market is very good but there just wasn't a lot of price highlights today," said Cavill White Securities' Don Turkington. The NZSE-40345 words
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Article520 1992-12-24 19 INVESTORS snapped up selected blue chips yesterday in anticipation of a good 1993 first quarter, sparking a rally that ended a two-day slide. The Manila Stock Exchange Composite Index closed 16.51 points higher at 1,223.67. "The market was due for an improvement because the downside in the commercials had520 words
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Article54 1992-12-24 19 1 INDICES TURNOVER Close Prnioin Dec 23 NEW ZEALAND NZSE-40 Capital 1.535.0 1.534.13 0.87 MANILA Composite Index 1.223.67 1.207.16 +16.51 Turnover (mil pesos) 182.12 126 56.12 TAIPEI Weighted Price Index <r\ 00 3 3.579,97 131.82 Turnover (NTS billion) 16.2 8 +8.2 SEOUL Composite Stock Index 670 43 657.01 13.42 Turnover54 words
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Article480 1992-12-24 19 STOCKS plunged to end 3.7 per cent lower on worsening political tensions, brokers said. The Weighted Index closed 131.82 points lower at 3,448.15, about 15 points above its intra-day low. Turnover was an active NT$l6.2 billion against Tuesday's NT$B billion. Fears of major conflict between the opposition and the480 words
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Article78 1992-12-24 19 SHARE PRICES moved in a narrow range yesterday in low-key trading restricted to one hour against the normal three, brokers said. The 30-share Bombay Stock Ex- change (BSE) Index ended at 2,571.36, up 9.26 points. The National Index fell 4.42 points to 1,169.32. Trading was mainly restricted to short-covering78 words
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Article790 1992-12-24 19 AN ACTIVE stock market soared yesterday as investors went on a buying spree in anticipation of a solid rally ahead, brokers said. The index closed up 13.42 points at 670.43. Most stocks went limit-up. Small and medium-sized companies led the pack. Brokers said the market was expected to remain790 words
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WORLD STOCK MARKETS
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IBM rebound sparks surge in blue chips
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Article, Illustration1380 1992-12-24 20 BLUE-CHIP STOCKS closed higher on Tuesday, propelled by a rebound in shares of International Business Machines Corp. The Dow Jones Industrial Average ended 8.64 points higher at 3,321.10. In the broad market, advancing issues led declines 985 to 885. Volume on the New York Stock Exchange was 2501,380 words
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Article, Illustration848 1992-12-24 20 SHARES hit a new record high for the second day running on Tuesday, buoyed by hopes of an economic upturn and a cut in German and British interest rates at the start of the New Year. The FT Index of 100 leading shares closed 34.3 points or 1.2 per848 words
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Article280 1992-12-24 20 STOCKS made a moderate gain on Tuesday, in continuation of the uptrend that got underway on Monday, dealers said after the close. The DAX Spot Trend Index rose by 0.53 per cent by comparison with the Monday close to end at 1,523.57 points, while the Commerzbank indicator tacked on280 words
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Article331 1992-12-24 20 DUTCH SHARES ended firmer across a broad front on Tuesday, with bullishness on interest rates, a stronger dollar and firmer UK and US markets all lending support. But dealers said the rise was partly attributable to end-of-year "window dressing" by portfolio managers bidding up prices in a thin market331 words
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Article236 1992-12-24 20 A GROWING VIEW among fund managers that one way or another French interest rates will fall next year sparked a solid rally, driving blue chips to their highest close in three months. After weeks of hitting a brick wall at 1,800 the CAC-40 Blue Chip Index crashed through that236 words
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Article338 1992-12-24 20 A RISING DOLLAR and Wall Street's firm opening led the Swiss share market higher in moderately active trade on Tuesday, dealers said. Export-oriented blue chips in particular were helped by the dollar, while second-tier stocks got support from window-dressing. The SPI Index closed at a final 1.215.0 points, 6.4338 words
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Article308 1992-12-24 20 BLUE CHIP stocks ended virtually -flat with a slightly stronger bias as earlier gains on Wall Street ebbed and pulled Toronto's heavier weighted shares and broader index down from earlier gains on Tuesday. Gold shares, pinched by falling bullion prices, led losses on the TSE. The TSE-300 Index rose308 words
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Article214 1992-12-24 20 BELGIAN shares closed more than one per cent higher as a two-day-old rally continued on Tuesday. Dealers said the market was fired by some positive company news, renewed hopes for lower interest rates and some technical end-of-year portfolio adjustments. The Bel-20 Index of leading shares closed up 14.32 points,214 words
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Article408 1992-12-24 20 Milan Dec 22 Ure Assitalia 7990 -52 Bastogi 90 FiatT. 3780 -10 Gcncrali ***** 160 If, Priv 7650 -100 Italgas 3215 +53 Italccmenti 7200 120 Montedison 1082 Mediobanca ***** -60 Magncti 648 *JMagncti Risp 620 -18 Olivetti 1710 -19 Olivetti Priv 1447 -2 Pirelli Spa 1078 Pirelli Co 3800 -40408 words
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Article75 1992-12-24 20 INDICES TURNOVER NEW YORK (lo%< Previous Dec 22 Dim Jones SAP 500 Turnover (million) 3.321.10 440 31 250 3.312 46 440.70 225 8 64 -0.39 25 LONDON FTSE 100 FT-30 Turnover (million) 2.842.0 2.184.5 802.3 2.807.7 2.159.7 795.4 34.3 24.8 6.9 FRANKFURT DAX Index 1.523.57 1.515.58 7.99 AMSTERDAM EOE Index75 words
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Page 20 Advertisements
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Advertisement48 1992-12-24 20 You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 749 2577, and ask for home or office delivery service.48 words
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CURRENCY, MONEY & FUTURES MARKET
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1161 1992-12-24 21 REPORTS AStA Sydney: The Australian dollar closed almost unchanged yesterday after a lifeless day's trading that saw it wander aimlessly across a 20-point range, dealers said. Business was next to non-existent and dealers reported more interest in the upcoming Christmas holidays1,161 words
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Article398 1992-12-24 21 Cross rates Dec 23 USS SS MS Dm Yen SFr AS NZS USS 1.6380 2.5930 1.5890 123.80 0.6510 1.4410 1.4493 1.9380 SS 0.6105 1.5830 0.9701 75.5800 0.3975 0.8797 0.8848 1.1831 MS 0.3857 0.63 0.6128 47.7439 0.251! 0.5557 0.5589 0.7474 Dm 0.6293 1.0308 1.6318 77.91 0.4097 0.9069 0.9121 1.2196398 words
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Article606 1992-12-24 21 Interbank rates SS. Bid Offer Overnight I 11/8 1-month I 15/16 2 1/16 2-month 2 1/16 2 3/16 3-month 2 1/8 2 1/4 Overnight mode: I ISS Bid Offer 7 days 4 3/4 4 7/8 1 month 3 1/2 3 5/8 2 months 3 7/16 3 9/16606 words
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424 1992-12-24 21 Bloomberg NEW YORK Bonds of America's largest blue-chip corporations tumbled this year while high-yield, highrisk junk bonds rallied, an index of corporate bonds compiled by Shearson Lehman Brothers Inc shows. Bonds sold by the biggest banks in the USBloomberg - 424 words
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Article1344 1992-12-24 21 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Mar 93 96.34 96.35 96.34 96 34 2350 6588 ***** Jun 93 95.92 95.94 95.90 95.90 765 6383 ***** Sep 93 95.48 95.48 95.46 95.47 500 3554 5545 Dec 93 94 84 94 84 94.82 94.82 170 26611,344 words
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COMMODITIES
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415 1992-12-24 22 Bloomberg SINGAPORE Rubber industry experts are considering a proposal to link South-east Asia's rubber markets through electronic trading with Singapore's futures market but the idea faces political pitfalls, officials said. "The proposal is to link various rubber exchanges based on a fee-sharingBloomberg - 415 words
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282 1992-12-24 22 Reuter SYDNEY Test drilling will begin next year on massive natural gas deposits beneath the greater Sydney basin, where geologists estimate there are enough reserves to supply Australia's biggest city for 60 years. A spokesman for Natural Resources Minister lan CausleyReuter - 282 words
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769 1992-12-24 22 REPORTS BETTER buying demand from European buyers in view of the weaker ringgit against sterling, boosted the price of tin to close 12 sen higher to M$ 14.51 on the Kuala Lumpur Tin Market yesterday. Dealers said the "cheaper tin" seemed to attract the769 words
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Article1608 1992-12-24 22 Rubber RAS Commodity Exchange (future* dosing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 93 145.50 145.50 146.00 1.200 1.000 Feb 146.75 146.75 146.75 450 3,525 Mar 146.75 146.75 147.00 400 5.200 Apr/Jun 147.50 147.25 147.50 1.725 21.300 Jul/Sep1,608 words
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Page 22 Advertisements
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Advertisement1276 1992-12-24 22 BUSINESS TIMES Toil free Tel No 737 0043 -Fax No: 734 3698 la the Matter e( the Companies Aet, Cap. it Aad la the Matter of EFFA INVESTMENTS PTE LTD (la Members' Veluatary liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 336 Smith1,276 words
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THE TRAVEL PAGE
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Article1273 1992-12-24 23 Clt > HA Flight ETD City Flight ETA Flight ETD S0228 2040 <IF82 2050 SQl07 1305 SQ\06 1145 SO 109 1405 MH641 1315 Anwnan RJ183 0005 MH609 1455 MH610 1415 Amsterdam SQ319 0810 KL838 0040 MH611 1555 SQl 10 1445 W-837 1515 MH613 1625 BR215 14501,273 words
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Article, Illustration734 1992-12-24 23 Andrew Browne - LETTER FROM YICHANG By Andrew Browne OUR captain has sailed the treacherous Three Gorges of the Yangtze river since 1949, knows every wrinkle on the boulder-strewn bottom and is a communist down to his black cloth shoes. "We rely on the collective wisdom of the masses734 words
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Article152 1992-12-24 23 As at 10am yesterday: Local dollars to oik unit of foreign currency Currencies Bid Offer Australian dollar 1.1244 1.1402 Canadian dollar 1.2835 1 3095 NZ dollar 0.8348 0.8600 Sterling pound 2.5048 2.5400 US dollar 1.6350 1.6420 Local dollars to 100 units of foreign currency Austrian schilling152 words
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Article53 1992-12-24 23 Duration Title Venue Organiser Tel Jan 19-24 International Cologne. Messe-und (49)221/ Furniture Fair Germans Ausstellungv *****74 Gcs.m b h. Koln Jan 25-27 Fishing Aberdeen. Trenton 081-680 0587 Scotland International tvent Ltd Duration Title Venue Organiser Td Jan 26-30 Bl'RfcXPO 93 Geneva Orgexpo 01/*****09 4ih Western Sm iuerland\53 words
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Page 23 Advertisements
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Advertisement44 1992-12-24 23 Finnair Business Class Speed, Comfort and Space Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.44 words
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Advertisement7 1992-12-24 23 Innovation Technology in Business Times every Tuesday7 words
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Advertisement129 1992-12-24 23 mw^ You've imV WBBk Fandi Ahmad T/ WeIMW OUIW nn tKfl cnrrflr R ,L h y w v Christmas on the soccer pitch. J gOOdiSS fOP you On Dec 26, you can see them in 3-D V_»/ Who's the prettiest actress on uicvii -> u. Caldecott hill? If you pich129 words
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Page 23 Miscellaneous
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Miscellaneous243 1992-12-24 23 6 Somehow, Agatha's out a horror-struck solu--10 Was he never 'in' writer J^i famous 13 Late for example? 16 Upsetting ratings, vote leaves )Hf iBL—pHHBHL—pW 21 It drains ofT water when P9| I r 2 royal egg is cooked (8) for the H II bedspread (4) 1^— 24 Of special243 words
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Miscellaneous180 1992-12-24 23 Singapore Outlook: Showers over many areas in the earl) morning and again in the later afternoon and early evening. Report: Maximum temperature 31.1 Assoc humidity 63% Minimum temperature 23.3 Assoc humidity 97% Hours of sunshine 6.50 Rainfall in mm Nil Rainfall this month 450.2 Rainy days this month 17 World180 words
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Miscellaneous22 1992-12-24 23 Dpvmin/I FOUR Gf^OPvN! C B.RIXDP>Y CBRPS T- ePI *M D cakes T,M£S Five.... O HP\rrSy To M£ C ASSOCIATED NEWSPAPERS LTO 1962-IM222 words
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406 1992-12-24 24 Beijing retaliates over sale of fighter planes to Taipei Reuter BEIJING China yesterday ordered France to close its consulate in the booming southern city of Guangzhou in retaliation for the sale of French jet fighters to Taiwan, a Chinese Foreign Ministry spokeswoman said.Reuter - 406 words
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122 1992-12-24 24 Reuter TAIPEI A scmi-official Taiwanese trade body plans to establish a branch in south-eastern China next year, the island's first such office on the Chinese mainland. The China External Trade Development Council (Cctra), a Taiwanese trade promotion body, would use the office toReuter - 122 words
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413 1992-12-24 24 Reuter TAIPEI Taiwan, one of the biggest foreign investors in South-east Asia, is cutting back new investment in the region as it focuses on China's booming economy, officials and businessmen said yesterday. Capital flows to Southeast Asia had been shrinking since early thisReuter - 413 words
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190 1992-12-24 24 Reuter MOSCOW At least four ministers from the last Russian government will keep their posts under new Prime Minister Viktor Chernomyrdin, but the fate of key economic ministers remains unknown, Itar-Tass news agency said yesterday. It quoted Boris Saltykov, Deputy Prime Minister inReuter - 190 words
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Article, Illustration335 1992-12-24 24 Reuter JERUSALEM Palestinian leaders said yesterday Israel's expulsion of 415 Arabs to Lebanon was killing Middle East peace talks and could make the Palestine Liberation Organisation resume armed struggle. In the occupied Gaza Strip, soldiers shot and wounded 41 Arabs as Israel lifted a 16-dayReuter - 335 words
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273 1992-12-24 24 AFP HONGKONG China's top man in Hongkong, in a blunt year-end message, yesterday urged the colony's British rulers "to change their course, realise their mistakes and mend their ways" over its future. Zhou Nan, director of the local branch of the XinhuaAFP - 273 words
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Article, Illustration702 1992-12-24 24 HARISH MEHTA; HARISH MEHTA - The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent THE ball game in Vietnam has changed. The fierce competition that Japanese. European and Asian firms had been expecting has arrived with the return of some of the biggest American702 words
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517 1992-12-24 24 NYT TOKYO In a bluntly worded warning to US Presi-dcnt-elect Bill Clinton, a panel of influential Japanese business leaders have said in a government-sponsored report that the US is focusing on "its own narrow national interests" in economic matters. TheNYT - 517 words
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427 1992-12-24 24 Reuter PHNOM PENH Government troops and the Khmer Rouge have fought an artillery duel in north-west Cambodia. the most intense shelling since the signing of a peace accord last year, a UN military official said yesterday. The battleReuter - 427 words
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Page 24 Advertisements
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Advertisement5 1992-12-24 24 Every Saturday in Business Times5 words
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Advertisement5 1992-12-24 24 Every Saturday in Business Times5 words
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Shipping Times
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Article, Illustration608 1992-12-24 25 Juliette Walker - By Juliette Walker SINGAPORE A wave of cruise ships is flooding both Singapore and the Asia-Pacif-ic with maiden calls giving further proof of the regional cruise market's rising tide. The Port of Singapore Authority (PSA) told BT that eight cruise ships will call at608 words
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237 1992-12-24 25 Reuter HOUSTON About 50 ships were backed up in the Gulf of Mexico awaiting the re-opening of the Houston Ship Channel as divers assessed how to move a damaged barge blocking traffic in the 80-km-long waterway, officials said. "Until we see what theReuter - 237 words
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522 1992-12-24 25 AP SAN FRANCISCO An Indonesian crew faced charges on Tuesday of attempting to smuggle 180 Chinese refugees into the United States after their filthy ship was escorted into San Francisco Bay by officials responding to a radio plea for help. Coast GuardAP - 522 words
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876 1992-12-24 25 Page Col ABC Containcrline 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 9 3 Bank Line. The876 words
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141 1992-12-24 25 Knight Ridder NEW YORK There was some increase in the volume of drycargo ship activity reported on Tuesday, but brokers said it appeared to be more of an illusion rather than of substance. Reports of several Capesizc and Panamax size coal and oreKnight Ridder - 141 words
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463 1992-12-24 25 HONGKONG Ming Wah Shipping Co plans to develop its seamen's training centre in Shekou. southern China, into a full maritime centre for the Far East. Ming Wah legal counsel Lin Yuen-mun said the centre. which was opened in March, could help shipowners463 words
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321 1992-12-24 25 The Akatsuki Mam saga AFP PORT VILA Environmental group Greenpeace spotted the Japanese plutoni-um-carrier Akatsuki Xtaru early yesterday morning as it was inside Vanuatu's 200 mile-exclusive economic zone (EEZ), the group's mission said. The small Piper Chieftain charter plane, which flew to Port VilaAFP - 321 words
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LOG BOOK
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64 1992-12-24 26 WASHINGTON The US National Transportation Safety Board called on Tuesday for tougher standards for the 104,000 railroad cars that transport four billion tonnes of hazardous material a year. The board's recommendation lor stricter testing and inspections was prompted by two cases this year64 words
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42 1992-12-24 26 LONDON Cyprus flag bulk carrier Panagiotis L Periwliotis was refloated on Tuesday evening in the River Orinoco, Lloyd's Shipping Intelligence said. The 76,323-deadweight-tonne vessel, aground since Nov 25, had discharged part ot its cargo of iron ore.42 words
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Article59 1992-12-24 26 WASHINGTON The US Agency for International Development will continue to provide transportation procurement services for commodities donated by the Agriculture Department under two food-aid programmes, it was announced. The Agriculture Department said its agreement with AID covered shipments under the Food for Progress and Section59 words
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Article, Illustration39 1992-12-24 26 COLOMBO The capsized hull of the cargo ship The Pharos flying a St Vincent Flag, lying in Colombo port after developing a leak while loading a cargo of rubber bound for Ethiopia on Tuesday39 words
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Article66 1992-12-24 26 ALGIERS The Algerian Oil company Sonatrach said on Tuesday it had signed a contract with the European Natgas consortium for the supply of 2.1 billion cubic metres of natural gas a year to Portugal. Natgas is made up of Portuguese, French and German gas companies,66 words
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Article57 1992-12-24 26 NICOSIA A Libyan Airlines Boeing 727 jet crashed on a domestic flight on Tuesday killing 157 people aboard, the Libyan news agency Jana reported. The Libyan government has ordered three days of mourning for the victims of the crash, who were identified by Jana57 words
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Article, Illustration1050 1992-12-24 26 The aborted deal between USAir and British Airways may represent only a short-term victory for the American carriers that had lobbied against it NYT WHEN Robert Crandall. the chairman of American Airlines, began to speak out four months ago against the British Airways plan toNYT - 1,050 words
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Article978 1992-12-24 26 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and978 words
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Article12130 1992-12-24 34 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. LEGEND PN: ship calls at Pcnang after12,130 words
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Article3396 1992-12-24 39 Asia-North America Eastbound Rate Agreement (Far East/North America, excludes Japan): American President Lines; Sea-L-and; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line. Trans-Pacific Westbound Rate Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon3,396 words
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Article279 1992-12-24 39 Abacus I utuim lei: 545-6011 l ax: 545-1698 Air Kxprns I ravel lei 533-5771. Fax 535-6144 Airborne Freight Corporation Tel: 542-8644 Fax 542-3716. *****80 Airswift Worldwide ourier Tel: 278-0188 Fax 2 7 3-8283. AJS Supplies Tel ''48-6322 (2 line*). 747-7421 Fax 742-8975. Cits-link International Tel: 344-3377 Fax: 345-6450279 words
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Article1483 1992-12-24 39 Abcx F.xpress Freight Tel: 542-7171. Fav *****84 Actinic Forwarder Tel: 225-1833. Fax: *****42 Activair Singapore Tel: 542-7822. Fax: *****20 Aerolink Freight international Tel: 545-8033 Fax: *****05. \eruspeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Fxpress Tel: 542-5454. Fax: *****06. Air F.xpress International Tel: 542-7666 Fax: *****74. *****50 Air1,483 words
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Article1191 1992-12-24 40 ALBANIA Durres: Seven vessels in port of 3 diseharging general cargo, 1 chicken feed, 1 bulk wheat, 1 loaded coal vessel. 1 loaded chrome vessel waiting to sail. ANGOLA Luanda: Conditions in town and port normal. All cargo berths occupied, 3 vessels waiting with 1-2 days delay expected.1,191 words
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Article565 1992-12-24 40 ARRIVALS DEPARTURES Op Might hpr ETA I' l-rom <)p Hijjht lype Ell) I lo TODAY TODAY KAL KE697 B747F 0150 1 SLL KAL KE697 B747F 0440 I BKK SJA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB BA822565 words
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Article333 1992-12-24 40 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Pep Name of Vessel ETA LTD Ports of Calls Fort Agent telephone No DECEMBER 24 24 Cora Pnncss 1600 2000 S-E-Asia Cruise Harpers Shpg 221-1388 24 24 Delfin Star 1200 1800 Cruise to Nowhere Ocean Trade 229-0366 25 25 Auroral 0600 1200 World Cruise333 words
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Article775 1992-12-24 40 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young AFP rHE SCRAP market has remained very active, especially for •ankers with three further VLCC deals being concluded. Following earlier unconfirmed reports during last month that the Heina had been sold for about U*****.50. She now seems toThe information was contributed by Simpson Spence & Young; AFP - 775 words
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SHIPS IN PORT
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Article586 1992-12-24 41 Voy Wd Berth hmd Departure Vessel Voy No Berth Arrival Departue iurong Port Kota Pusaka PusO/w P02 alongside 2/ 12 0600 Abbay Worn 34WB (8 alongside 24 12/1800 Longchuan ia 72 P06 alongside 2412.0600 Bennevu 1989 150/92 11 alongside 24 12/0400 Mahaia 13/92 P04 alongside 2312/1700 DW1586 words
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Article160 1992-12-24 41 Penang Port On the way: 1: Penbunker. Hang Jun 4006. Kastun, Nagoya-1, krari Maru 3002,8g. Soon Hock, Helen N, Palm Sea Horse, Malayan Princess, Thai Yang, Hang Too 905, Hang Bo 3502, Hang Bo 4502, Hang Yang 802, Pernas Sek«, Yang Cheng Hu. Million Id, Cara Timur Tiga,160 words
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Article1731 1992-12-24 41 >1 JihV 52 a D a 2 RESS SNp Voy No Containers avaiabfc Ship Voy No Containm avafaWo B Teratai 513 COO(EST) 23.1292 0700 Kota Pusaka PUS07A 22.12.92 0145 Kota Machan 347 COO(EST) *****2 1500 Tiger Bridge 235N 22.12.92 0650 Lhotse 433 COO(EST) 22.12.92 2300 Cy Moscow WF3021,731 words
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Article653 1992-12-24 42 \*.in some mcuMse in the iwlumc ot di\cargo ship activity reported on Tuesday, but brokers said it appeared to be lUorc of an illusion rather than of substance. The Baltic Freight Index rose three points to 1.378. US Gulf/Japan heavy grain was fixed at U5525.50 for late Jan653 words
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Article1009 1992-12-24 42 COURSES Shipping courses organised by Singapore National Shipping Association. 1993 Feb 3 Apr 7 (10 evenings): Effective Written Communication- in Shipping Management (SDF 50%). Feb 11 May 20 13 evenings): Principles of Shipping Documentations Practices (SDF 70%). Feb 26: 1-day Familiarisation Course on Singapore Bunkering Procedure (SDF case1,009 words
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291 1992-12-24 44 Philip Wakefield - From Philip Wakefield In VIENTIANE LAO AVIATION International, headed by Hu Chang, and the Department of Civil Aviation, headed by Sadapheth Bodhivarn, have resumed face-to-face negotiations with the Hongkong government and Cathay Pacific in an attempt to reestablish a direct air291 words
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371 1992-12-24 44 US defence contractor to focus on aerospace business UPI ST LOUIS McDonnell Douglas Corp. citing the need to focus on its core aerospace business, said on Tuesday it plans to either sell its Laser Systems business or find a joint-venture partner for it.UPI - 371 words
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525 1992-12-24 44 UPI MOSCOW Russia's giant state-owned airline Aeroflot, plagued by debt and fuel problems that consistently ground parts of its fleet, expects to carry far fewer passengers next year because of higher fares, aviation officials said on Tuesday. "We expect the number of passengers thatUPI - 525 words
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Article, Illustration553 1992-12-24 44 Reuter LONDON Relatives of British victims of the Lockerbie bombing of a Pan Am airliner asked the government on Monday, the fourth anniversary- of the disaster, to hold a full public inquiry to satisfy "truth and justice". Jim Swire, whose daughter wasReuter - 553 words
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Article, Illustration542 1992-12-24 44 Crash of Dutch DC-10 in Portugal UPI LISBON Investigators examining the crash of a Dutch jetliner were trying on Tuesday to identify the bodies of the dead and determine whether a strong gust of wind caused the plane to tilt, drag a wing andUPI - 542 words
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Page 25 Advertisements
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Advertisement26 1992-12-24 25 Lines and services represented by Members of the Registry of Accredits /*4E3KI\ Shipping Ajjjjj- Singapore hsttonal SMp- \Vkgm/j For admtMng enquiries, contact Shipping Timet Tel 74P-2089/740-2090.26 words
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Advertisement86 1992-12-24 25 toe FAMOUS > on <b ■»»Hll3ia 224 1833 For more information please refer to Pg. 13 Aborted USAir-BA deal: a doubtful victory for rival Amerian carriers, Page 2 Laos, HK resume talks to set up air link, Back Page ft /<r rT 1 I m gg iFORCII 1 I JUmmJ86 words
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Page 26 Advertisements
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Advertisement82 1992-12-24 26 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people82 words
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Page 27 Advertisements
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Advertisement1420 1992-12-24 27 oocl (S) pte ltd jardine shipping agencies aIII#* \iVvfr BOOKINGS TEL *****34 *****58/ *****40 ■min CFS (PSA F5) TEL *****21/ *****79 PCOOO9n PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. L %*A*# A m PORT KELANG TEL *****18 FAX *****91 *****88 n.PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated to Quality1,420 words
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Advertisement1838 1992-12-24 27 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT |acuAsc]i ARAB SHIPPING CO. (SAG)H J ~«~w I w I i« m MHI bn sm «(i 1 ti IM2 M KMf) n Mill 22/12 2V12 tim SMT4 ROSA n 2 12 1 111,838 words
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Advertisement38 1992-12-24 27 THE FINAL COUNTDOWN... "MAERSK YEAR END LOADER" TO USA DON'T MISS IT Vessel/Voy May view Maersk V 9388 ETA 31/12/92 (1600hrs) ETD 31/12/92 (2200hrs) Closing Time 31/12/92 (1200hrs) CY 31/12/92 (0400hrs) CFS For your BOOKINGS please call 228-661138 words
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Page 28 Advertisements
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Advertisement1049 1992-12-24 28 JimlljßL JOJ -JT.TITI SA i# BIJEIiJI»€ICA CJUL^SJOL WW I W p *W 1 pi«W<W &A E!uSl3l,©SSs^ m associates fT*ipinilQ a trprvM Jli «EL JUBJUJUU9 A *r mMerry X'masspr |||11§11^M VESSEIS VOY VIA FEEDER STOW hhibwc ROTTERDAM ANTWERP Wgg It HWVt VILE DC CAHOPUS V.9726W 27/12 20/1 22/1 24/1 26/1 20/11,049 words
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Advertisement599 1992-12-24 28 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul (or all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR Poland ocTigiTrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel iH&jPfe* VILLE DE PROVENCE 01/01 VILLE DE VEGA 07/01 A. ABRAHAM599 words
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Advertisement1514 1992-12-24 28 I RlvoaAaiA un REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ BCL* HAM BRE# ROT ANT# FELLHA NORASIA SUSAN 9242 3 25/12 14/01 15/01 19/01 20/01 20/01 21/01 22/01 23/01 BMTE OLDENDORF 243W 30/12 21/01 23/01 25/01 26/01 27/01 28/01 29/01 30/D1 NORASIA SINGA 9244 3 04/01 26/01 28/01 31/011,514 words
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Page 29 Advertisements
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Advertisement2047 1992-12-24 29 S STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 accepts 1l I fil I iM 8 i IVI (M MIIIITJ I cargo out RAJAH BftOOKL V 24( Mumj. Lib In Pott 25 Dcc iiwripngf IF STRAUS STAR VOIE KK. Skan. Taw2,047 words
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Advertisement1765 1992-12-24 29 SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd X j\l W 1 iff I /I B 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel 225 2233 Tele* RS ***** PNOCSP Fax 225 5327/222 7517 CR Number **********0Z fWe Wish All Our Business Associates, Customers And Friends A Merry1,765 words
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Page 30 Advertisements
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Advertisement672 1992-12-24 30 DJAKARTA I INDONESIA NATIONAL UNE TO EUROPE EXPRESS S€Mf-CONTAINBtti^BCPMC£ m w I stok now >o*l j H-guic" wmtw wirww MATARAM 33W6 23-2t/12 I 26/1 21'1 7/? TO FUU^C^WNCR EAST COAST PORTS rsi/wr mi spott std wib 1 bur arns AHRO ASIA, 457A3 21/12 23/12 10/1 13/1 7/1 MW IATAKARIA/727A4 30/12672 words
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Advertisement1109 1992-12-24 30 HANJIN SHIPPING f0« «l I SM lIM HAUL SEA K* FDR VSI SM IIM HAU SAV AM NYC FISHGUARD BAY 301N 28 12 I H NENYORK 046E 21/1 22/1 FISHGUARD BAY 301N 28 12 N HONGKONG 0371 4/2 5/2 7/2 HANJIN CKJU 090 C 4 1 H CHUNGMU 095E 2S/11,109 words
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Advertisement1413 1992-12-24 30 I m%r use wc klg ms mo»kiwnomcwutncm*n m w w m cm u Il U.NIRT M 043 Mini 12 i 1 M )1 111 12 1 U 1 IS 1 16 1 ll I n 1 10 2 12 2 13 2 23 2 247 2V2 76 2 27'2 S31,413 words
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Page 31 Advertisements
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Advertisement516 1992-12-24 31 W 'M r jTr: Wishes all its f I valued customers, 1 a business associates f friends a to I Merry Christmas J 1 A Happy New Year 1 m NIPPON EXPRESS w a #iiil //Arrow International Worldwide Consolidation S>stem JAPAN/FAR EAST WEEKLY TOKYO. YOKOHAMA. NAGOYA. KAOSHIUNG HONG KONG. BANGKOK.516 words
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Advertisement1201 1992-12-24 31 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BAIT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOWO—DISCHARGING WESTBOUND-LOADING TRANSWPCD Vl* ROTTERDAM1,201 words
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Page 32 Advertisements
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Advertisement1717 1992-12-24 32 44 f AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD < CR **********0 M) W W A TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 Ml MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD U M. A f/ ,K ir r o TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 ■■■11,717 words
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Advertisement989 1992-12-24 32 .f-Mf© PHI LI on l( NT UN€S PTi LTP 1 0® Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Tetex: RS ***** Fax: *****76/*****38 &A BV AIR, LAND OR SEA.... WE TAKE 0/V THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION S>r 1 MBttM—| Mln 28989 words
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Page 33 Advertisements
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Advertisement845 1992-12-24 33 PACIFIC INTERNATIONAL LINES (PTE) LTD^ I SSSSSSSS 14 Cecil Street. #03-00 PIL Building. Singapore 0106. I mm cr no iooao« "ooiiof VESSEL VOY SIN HKG SIN CMB JIB HOD JEO AQJ KOTA WIJAYA WJAOI7 25/12 29/12 3/1 9/1 11/1 14/1 KOTA SINGA SGAOI9 7/1 13/1 21/1 23/1 27/1 KOTA WIRAWAN845 words
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Advertisement1683 1992-12-24 33 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p|P GUDANG PENANG PKELANG OCEAN VSI VQV SIN SOU (1) RTM (2l HAM (3) GOT (4) EJ2S 1? ~:6 12 JUTLANOM2SI2 15/1 IT/1 '8 1 20 1 Ej 1 T~i 2~1 SELANDIA 2522 s~i 22~1 24/1 2571 ITTI D 8 1 B'' 9■1,683 words
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Advertisement283 1992-12-24 33 °BSA° TRANSPORTATION MA MYANMA Vttttk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Kl| Pen P Gdg HP* AN VIB4W In Port PAGAN ¥191* 4/6 I*l HPA AN VIBSW 9/11 lan NIGERIAN NATIONAL M SHIPPING LINE ■IP NIGERIA EXPRESS SERVICE RIVER NGADA V.50 SPORE 28283 words
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Page 36 Advertisements
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Advertisement2886 1992-12-24 36 Full Container Liner Services Malaysia's Ajents: Indonesia's Ajents: General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiso Shipping Sdn Bhd P.T. GMaf IlintHl Msribm Costar Shipping Pte Ltd SMopog freight Btekmg Cartre Ma SM 56 Persiaran Raja Muaa Musa Lot 3 34. 3rd Floor. Ji« 14 2 Mistri2,886 words
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Advertisement43 1992-12-24 36 SPORE IBN YOUNUS 00-170 26/27 DEC To Buenaventwa/Barranqula/Santa Marta Cartagena Santo Dorwijo Port Au Pritce Pto Quetzal AcajuUa/San Lorenzo/Corinto/Pto CaMera SPORE MAKEDONIJA JC-266 7/8 JAN To: Maracafco/Puerto Cabelo Georje Town/Guaranao/ la Guara/PTo Sucre Matanzas Port of Spam Paramaribo Panama Colon Cristobal El Guamache43 words
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Page 37 Advertisements
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Advertisement598 1992-12-24 37 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 26/12 ROTTERDAM 26/12 HAIFA/ASHDOD/ALEXANDRIA 26/12 HAMBURG/BREMEN 26/12 MARSEILLE/FRANCE 26/12 FELIXSTOWE/UK 26/12 BARCELONA/SPAIN 26/12 LEHAVRE/ANTWERP 26/12 GENOA/ITALY 26/12 GOTHENBURG/SCANDINAVIA 26/12 LOS ANGELES/WC/IPI 26/12 SYDNEY/MELBOURNE 26/12 NEW YORK/EC 26/12 FREMANTLE/ADELAIDE 25/12 VANCOUVER 26/12 BRISBANE598 words
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Advertisement767 1992-12-24 37 OT RICHFIELD MARINE AGENCIES (S) PTE LTD S TEL *****33 (12 Lines) =L FAX: *****15/*****03 KH TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvO* ETA ILOADING FOR SPOKE NETSANFT 28WB 15/01 DARE SS ALA AM MOMBASA DJIBOUTI ASSAB MASSAWA767 words
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Advertisement175 1992-12-24 37 ninrs i REGIONAL CONTAINER LINES I Jouous I i TONG JOO SHIPPING PTE LTD TEL: *****93 CR NO. **********0 C ACCEPTING FULLY CONTAINERISED CONVENTIONAL CARGO KMCfpif am APPLE Cl 2 31/12 APPLE Cl 2 31/12 GIGI C4l 31/12 GIGI C4l 31/12 GIGI 9342 6/1 GIGI 9342 6/1 APPLE 9313 7/1175 words
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Advertisement327 1992-12-24 37 w&mi mm VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SM MAX SM TKER SPEED 236* 2*29/12 03 05 01 10 11/01 ncn arro* <7N 30-31/12 os-oc/12 11-12/01 TIGER BRDGI 2m 04 95 01 10-12/01 17-11/01 TIGER SIM 4SN 06 07/01 12-13/01 19 20/01 VSL VOY SMGAPORE/CALCUTTA/SMGAPORE VESSEL VOY SM CM327 words
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Page 38 Advertisements
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Advertisement1674 1992-12-24 38 groupage I I [\~/\"~jPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 w N P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 I HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 24/12 25/12 26/12 Hong Kong Ldn/Flx/Rdm/Ant/LHV 24/12 25/12 26/12 27/12 28/12 29/12 Hong Kong G'burg/C'hagen/S'hohn/Oslo 27/12 28/121,674 words
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Advertisement255 1992-12-24 38 w BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN AUST STAR 84S 25/12 6/1 8/1 25/1 PROSPECT 22S 6/1 IS/1 20/1 6/2 N2 STAR 5S 19/1 31/1 2/2 19/2 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON. ACCEPTING FCL LCL FOR NEW PLYMOUTH.255 words
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Advertisement859 1992-12-24 38 f THONG SOON LINES PTE. LTD. Mi 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11. *****22 TLX: RS ***** CARRIER, RS ***** JENHOI CABLE: TOSOCO I CONVENTIONAL/CONTAINER 66NTAIMER SERVICES SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL Nor jsTORE 1 PEST VESSEL VOT859 words
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Advertisement184 1992-12-24 38 CCNI Compania Chitana da Navagacton Intarocaanica S.A. SEASPAC SERVICE ACCEPTING CONTAINERS AND BREAKBULK DIRECT SERVICE TO SOUTH PACIFIC ISLANDS SIN NOU SUV PPT PM.EMBANG 4304C8 30 12 13/1 16/1 22/1 U BON TANG 4410E8 29/1 10/2 13/2 18/2 DIRECT SERVICE TO CHILE. PERU. BOLIVIA SM IQQ CQ6 SAI'VAP ANF PAUMBANG184 words
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Page 40 Advertisements
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Advertisement137 1992-12-24 40 UP. rS? LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take137 words
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Advertisement23 1992-12-24 40 IF YOU HAVE HAD IT MADE, GO FOR THE FINEST THINGS IN LIFE. FIND IT AT THE BACK PAGE OF THE CLASSIFIED SECTION-23 words
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Advertisement134 1992-12-24 41 > it /fkt V i£ :><-;:J^^^Blb > Wfyf* mf ifi^i^H Wt& B Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on vour monpv Essential information accessible every business day y134 words
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Advertisement303 1992-12-24 42 jZ NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA 1 VIGOUR SINGAPORE 43N8 25/12/92 01/01/93 FRDAVAND MONDAY yteOUR SINGAPORE 43ANB 28/12/92 01/01/93 VIGOUR LUZON BNB 01/01/93 08/01/93 VIGOUR LUZON BANB 04/01/93 08/01/93 PORT KLANG/PENANG FULL CONTAINER SERVICE > VESSEL VOYAGE SINGAPORE PORT KLANG PENANG FIAOS 9233N8 23/12/92 25/12/92303 words
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Advertisement296 1992-12-24 42 ■&.COSCO UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/12 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 15/01 20/01 Huangpu/Guangzhou CQBCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CMNA/BANQKOK/HONGKONQ EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned services296 words
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Advertisement204 1992-12-24 42 CONTAINER LINF\ Q BANGKOK MANILA)^-;;;. FAR EAST WEEKLY (i V 7 CONSOLIDATION PENANC I \i i HONCKONC JAKARTA PORT KfLANG KEELUNG/KAOHSIUNG MANILA T N BUSAN PENANG/PORT KELANG X f BANGKOK TOKYO/YOKOHAMA/KOBE j Tel: 538 0155 OWENS CONTAINER LINE (S) PTE LTD CV" 133 New Bridge Road #09-06 Chinatown Point S'pore204 words
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Advertisement36 1992-12-24 42 CONTAINER SERVICE S'PORE/JAK ART A/SEM AR ANG/SURABAY A VESSEL/VOY STOW JAKARTA SEMARANG SURABAYA VENABU 0039 039 24/12 27/12 VENABU 0040 040 31/12 3/1 PERMAI 0134 134 28/12 30/12 1/1 3/1 PERMAI 0135 135 4/1 6/1 8/136 words
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Page 42 Miscellaneous
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Miscellaneous654 1992-12-24 42 TODAY'S TIDES (hqflt in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 o*oo 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 1 2.5 2.5 22 1.8 1.4 1.3 1.3 1.5 IJ 2.5 3.0 3.2 30 2.7 22 16 1.1 0.7 05654 words
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Advertisement1072 1992-12-24 43 4 H YUNdTST MERCHANTMARINE CO. LTD. WESTBOUND TO EUROPE ttSSILS "T'pim- PKE PGP f SIN RTM AHT» LEH* HAM BKtt Fa 1 SI MARINER 302VW 24/12 25/12 26/12 27/12 15/1 15/1 16/1 16/1 16/1 15/1 H EXPLORER 303W 31/12 1/1 2/1 3/1 22/1 22/1 23/1 24/1 24/1 26/1 H CHALLENGER1,072 words
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Advertisement455 1992-12-24 43 BBS STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL MY 9 P« IK U COSMC CNAUEKEI 12 SEO H/12 SOMAI II ■PT Ml 2 TAUMCPEIA* II H/12 27/12 TIMS Am 41 2< 12 27/12 MM 31/12 COSMC MASTER l( 21/12 cosac noKEi 27 i/i S/i o*lll455 words
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Advertisement1114 1992-12-24 43 OUR USA In* kvn kt nu HMMr ltiu< In S» l»l OH NOU 041 CM MM «C SERVICE CALLS aau mm Too] ml 2 «u«aior Ska <***** 3*31/12 itiii TToT «/oT M/ii" jmT tFiT TTm 22/ ii SINGAPORE aauMJM <043 (5/(1 AIUSATOR *C!0R» <***** %0' 91 24 01 27/(1 27/1,114 words
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Advertisement144 1992-12-24 43 BINTAN6 MAS SHIPPING JPTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 ACCEPTS WIS Of CARGO STOW DESTMATNN BMTANG BEL AIT ¥27E 23-24 DEC 24-25 DEC Brtub. I*i KBdat MERCURY PEARL V2SE 26 2« DEC 21-29 OEC Muari. Labuan BMTANG SERtt V2SE 28 29 DEC144 words
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Advertisement68 1992-12-24 44 15| 9 J I™l C Every Saturday in Business Times "Hie Executive Housekeeper -this hotel I O I wants is me. But I'll never neglec-t L__ y V -fcVife House, baby J~ Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times68 words
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Advertisement5 1992-12-24 44 ivery Saturday in Business Times5 words
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