The Business Times, 5 March 1994
1994-03-05
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The Business Times
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Title Section14 1994-03-05 1 Business Times MITA(P) 010/12/93 Weekend Edition. March 5-6 1994 if KNOW ASIA 15 c14 words
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Article, Illustration411 1994-03-05 1 A J Leow, Ven Sreenivasan - By ii.. A J Leow, Ven Sreenivasan SINGAPORE Almost all 248 units at City Developments' Mirage Tower project in Kim Seng Road were snapped up at a soft launch yesterday at new benchmark prices of up to $900 per sq ft. By 6.30pm411 words
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Article, Illustration319 1994-03-05 1 R Sivanithy - By R Sivanithy SINGAPORE The Singapore stock market turned upwards suddenly in late afternoon trading yesterday, breaking a four-day losing streak. It had looked like another bad day, with the Straits Times Industrials Index giving up almost 30 points by 3pm, when319 words
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553 1994-03-05 1 AP, Reuter, AFP TOKYO Japanese leaders and commentators yesterday denounced US President Bill Clinton as a bully and an enemy of free trade for his decision to revive a tough provision of US trade law. But they played down the likelihoodAP,; Reuter,; AFP - 553 words
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Article, Illustration469 1994-03-05 1 Harish Mehta - By Harish Mehta SINGAPORE Macau casino king Stanley Ho will open Vietnam's first casino next month, in the northern port city of Haiphong. Dr Ho, widely known as "Mr Macau" because of the eight casinos he runs in the Portuguese colony,469 words
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409 1994-03-05 1 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Paint specialist Berger International Pte Ltd has obtained in-pnn-ciple approval for a listing on the main board here. The company is expected to make its initial public offer by the end of April, making it the first paint409 words
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2am LATEST
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Article44 1994-03-05 1 Reuter NEW YORK Wall Street stocks extended their rally into midday yesterday, buoyed by receding fears of an immediate hike in interest rates, analysts said. At Ipm EST. the Dow Jones Industrial Average stood at 3.838.40, up 13.98 points.Reuter - 44 words
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43 1994-03-05 1 Reuter BRUSSELS The European Union formally agreed a proposal simplifying companies* listing obligations in European Union stoek exchanges, which is seen as a pre-condition for the full launch of an EU-wide trading system known as Eurolist. ReuterReuter - 43 words
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64 1994-03-05 1 AP JOHANNESBURG The Zulu nationalist Inkatha Freedom Party decided yesterday to register for South Africa's first all-race election, but set several conditions for competing in the April vote. Those conditions include international mediation on its demand for an autonomous or independent Zulu homelandAP - 64 words
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Article161 1994-03-05 1 Stock market indices Friday Change STII 2,248.63 KLSEComp 1.064.34 -6.24 Nikkei 19.966.00 +360.14 Hang Seng 9.918.19 +116.16 SET Index 1.359.25 +18.87 Jakarta Comp 521.38 -8.99 CLSA China B ...1.160.07 -13.61 Aust All Ord 2.116.8 -34.6 FTSE 100 3.278.0 +31.5 Friday Previous 1pm close Dow Jones 3,838.40 3.824.42 Average161 words
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Page 1 Advertisements
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Advertisement24 1994-03-05 1 Antiques and paintings: ti i Some good buys from Asia Full reports, Pages 12-16 Singapore studies feasibility of industrial estate in Vietnam, Page 324 words
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Advertisement11 1994-03-05 1 Asia's corporate giants: el j Sega blasting towards the next barrier11 words
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Advertisement8 1994-03-05 1 Asia-Pacific nations hit out at US, Page 58 words
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Advertisement247 1994-03-05 1 Hock Lock Siew: Pg 6kY y\ Double your entitleniteA to ty'twwrights issues Since 1735 there has never been a quartz Blancpain watch. And there never will be. The ultra-slim »atch Expressing the essential. The first masterpiece in the art of watchmaking is portrayed by ideal perfection in the mechanical watch.247 words
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Advertisement70 1994-03-05 1 Stocks Jlil under siege: H Mil Time to get out VmA of the stock market? XKxf Banks* profits up, J shares down: Turn to El- 4, VrR Personal Finance A Investment CONTENTS S pore News 2 Spore* sa 6.7 Regional News 3.4 Financial 9.10 KorU 4.5 Features MuMt Opinions EL270 words
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Advertisement12 1994-03-05 1 SataClljttM Tel 1800 *****77 Fat *****75 BT Editorial let *****18 Fn *****7112 words
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SINGAPORE NEWS
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Article, Illustration381 1994-03-05 2 Genevieve Cua - By Genevieve Cua NON-OIL domestic exports, commonly used as a barometer of the health of Singapore's manufacturing sector, grew 31 per cent in volume terms in Januarv. Hut analysts sa> the figures. released yesterday by the Trade Development Board, must be seen againstSource: TDB - 381 words
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358 1994-03-05 2 Anna Teo - By Anna Teo AN appreciating Singapore dollar may hurt service exports more than merchandise exports, according to a study by a university economist. The import content of Singapore's merchandise exports is substantial, notes Tilak Abeysinghe. a senior lecturer in the National University of358 words
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Article81 1994-03-05 2 Corrections clarifications IN Dr Chandran Jeshurun's comment on Sahah politics in Bl's Regional Analysis I'age on Wednesday, an editing error had turned one of his remarks to read: "liven the hard core of Muslim support in Aclonian had allied itself with the predominantly Rada/an Christian and Chinese-supported PBS to oppose81 words
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237 1994-03-05 2 IN' RESPONSE to public concerns and complaints about perceived profiteering, hawker food prices are being monitored by the Department of Statistics (DOS) as a run-up to the implementation of CiST here in April this vear. Under the auspices of the Committee of Profiteering and237 words
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Article, Illustration170 1994-03-05 2 Arthur Lee - By Arthur Lee AMERICA'S oldest motorcycle. Harley Davidson, will be distributed in Singapore from next month by Konioco Motors. which is better known for Hyundai cars. The first batch of 24 bikes will arrive early in May. with another 24 about a month170 words
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Page 2 Advertisements
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Advertisement1299 1994-03-05 2 OVERSEAS UNION SECURITIES LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Securities Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 The Group The Company Incr/ Incr/ 1993 1992 (Deer) 1993 1992 (Deer) SS'OOO SS'OOO SS'OOO SS'OOO Total1,299 words
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Page 2 Miscellaneous
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Miscellaneous397 1994-03-05 2 WEATHER Singapore: Cloudy, with occasional showers from mid morning. (Temperature range: 24 30). Ma-Padfc Hi/La* Cm*. Europe M/IV Ccad Boeros A*es 26 20 Clear *ocKlarj 2S 16 Chxi3* *msto»OJrti !0 01 Cloudv Cl-icagc 00 9 Clou*. Barg».ot. 35 26 Cloud* *wers 20 06 OduOy tlorolui, 27 17 Clear Bei,mg 06397 words
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THE REGION
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Article, Illustration499 1994-03-05 3 Loh Hui Yin - PM Goh's visit to Vietnam From Loh Hui Yin in HO CHI MINH CITY LOCATION, land, labour costs and incentives from Vietnam are among the factors which Singapore must consider before it takes up Hanoi's proposal to develop an industrial park.499 words
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170 1994-03-05 3 AFP HANOI The World Bank had allocated US$96 million (S$ 151 million) in a 40-year zero-interest loan for Vietnam aimed at expanding credit for farmers and developing rubber plantations, the Communist Party daily Nhan Dan said yesterday. The agreement was signed inAFP - 170 words
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266 1994-03-05 3 Bloomberg Business News, Reuter HONGKONG China has appointed 274 Hongkong citizens from various walks of life to advise Beijing on local affairs, a Xinhua News Agency spokesman said yesterday. "The full list will be made public this afternoon," said Chen Wenjun, a propagandaBloomberg Business News,; Reuter - 266 words
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Article, Illustration333 1994-03-05 3 AFP TOKYO Forecasting a gradual economic recovery, Japan yesterday formally set a 2.4 per cent economic growth target for the new fiscal year, up from an estimated 0.2 per cent expansion in the current year. "The time is steadilyAFP - 333 words
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431 1994-03-05 3 AFP SYDNEY Australia's economic growth may have accelerated to an annual rate of 4 per cent or more during the last three months of 1993, analysts said yesterday. Economists here were revising upwards their estimates for gross domestic product (GDP) followingAFP - 431 words
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522 1994-03-05 3 Reuter LONDON The editor of a British newspaper at the centre of a trade dispute with Kuala Lumpur said he regretted the row. but denied that his reporters had suggested any impropriety by the Malaysian Prime Minister. Sunday Times editor AndrewReuter - 522 words
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ASIA NOTES
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70 1994-03-05 3 Reuter SHENZHEN The top Chinese official in change of Hongkong affairs yesterday pledged that Beijing will not station the People's Armed Police in Hongkong after 1997 and will prevent cadres from exploiting the territory. Lu Ping, director of the Hongkong and Macau AffairsReuter - 70 words
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Article90 1994-03-05 3 AFP TOKYO Japan's exports of video cassette recorders rose 4.8 per cent from a year earlier to 993.157 units in January, boosted by exports to China and Indonesia. The Electronic Industries Association of Japan said yesterday that exports to the United States fell 28.2 per centAFP - 90 words
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Article75 1994-03-05 3 Bloomberg Business News JAKARTA Indonesian exports grew at a sluggish pace of 8.4 per cent last year to US$36.B billion (5558.1 billion), the Jakarta Post said, citing comments by Minister of Information Harmoko. This compares with 27.6 per cent growth in 1992. Imports grewBloomberg Business News - 75 words
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89 1994-03-05 3 AFP KUALA LUMPUR Malaysia's atomic energy officials yesterday began investigating claims that a partly Japanese-owned chemical plant, which has ceased operations, buried radioactive waste in the factory grounds. Samples of sand, water and marine life in the river that runs near what used toAFP - 89 words
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81 1994-03-05 3 Reuter JAKARTA The World Bank has threatened to pull out of-a donor meeting for the Solomon Islands because of what it says Is a recent doubling of the territory's timber output, bank sources said here yesterday. In a report, the bank said that theReuter - 81 words
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84 1994-03-05 3 AFP BANGKOK Thailand is to return control of international air traffic over southern Vietnam to the Vietnamese on Dec 7, a Thai Air Traffic Control Centre official said yesterday. Thailand, Hongkong and Singapore have shared control of the airspace since 1975, after the military victoryAFP - 84 words
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468 1994-03-05 3 Harish Melita - By Harish Melita SINGAPORE Cambodia says it will not award telecommunications contracts worth about US$l3O million (SS2OS million) to international bidders until an ambitious system masterplan is completed by June. Many foreign firms have proposed to install about 10,000 ground lines in Phnom Penh, but468 words
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Page 3 Advertisements
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Advertisement136 1994-03-05 3 at Your #y yM/v^ivyMcv J •#Ufl// lu/ij m Unbelievable but true. AU there is to know Japan its economy politics and many ***** more —a/ j/o«r fingertips JAPAN: AN ILLUSTRATED ENCYCLOPEDIA contains over 4 /XX) colour photos and illustrations. More than 2 million words in 12/ XX) entries. Nearly 100136 words
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THE REGION/WORLD
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470 1994-03-05 4 loomberg Business News Reuter, AFP, NEW YORK A surprisingly sharp rise in US February nonfarm payrolls could soon spur another tightening of monetary policy by the Federal Reserve, despite pockets of weakness in the report. US economists said yesterday. US Februaryloomberg Business News; Reuter,; AFP, - 470 words
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497 1994-03-05 4 Reuter BEIJING China's top economic policy-maker has promised that inflation will fall this year and next and defended rising disparities in income as the result of improved economic efficiency. Newspapers yesterday printed remarks by Vice-Pre-mier Zhu Rongji, also governor of the People's BankReuter - 497 words
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291 1994-03-05 4 Asahi News Service TOKYO The Ministry of Finance and the Securities Dealers Association of Japan decided on Thursday to pave the way for fast-growing Chinese government-owned corporations to be listed on stock exchanges in Japan, according to sources. As the first step,Asahi News Service - 291 words
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Article, Illustration56 1994-03-05 4 AFP PARIS Thousands of French university and high-school students protesting on Thursday against the government's plan to cut the minimum legal wage for young people. The measures are part of the centre-right government's arsenal to curb record unemployment of 3 J million people, or 12.2AFP - 56 words
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325 1994-03-05 4 Reuter FRANKFURT Germany's IG Metall union said it would meet employers today for last-ditch talks over pay but it saw little chance of averting a potentially crippling strike set for Monday. A meeting of the union's main board gave formal backing to anReuter - 325 words
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388 1994-03-05 4 AP TOKYO Landmark Bills aimed at reforming Japan's notoriously corrupt political system quietly became law yesterday, ending a tortuous, six-year debate that helped bring down two prime ministers. Prime Minister Morihiro Hosokawa. who took office last August promising to eitherAP - 388 words
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Page 4 Advertisements
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Advertisement1183 1994-03-05 4 IB 11 mp Superior Metal Printing Limited (Incorporated in Singapore) The Directors are pleased to announce the audited results of the Group and of the Company for the year ended 31st December 1993 Group Company Chang* Changa 1993 1992 1993 1992 $*000 $'000 $'000 $*000 1 a. Turnover (4(a)) 31,1381,183 words
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Advertisement9 1994-03-05 4 Germany pips UK in number of strikes, Pg 59 words
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THE WORLD
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Article, Illustration625 1994-03-05 5 Reuter. AP KUALA LUMPUR Asia Pacific nations attacked the United States yesterday for reviving its unpopular "Super 301" trade weapon aimed at prying open the closed Japanese market and said it violated multilateral efforts towards a new world trade order. Officials fromReuter.; AP; Reuter - 625 words
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372 1994-03-05 5 AFP. Reuter MOSCOW President Boris Yeltsin said yesterday the political amnesty approved last month by the Russian parliament violated the constitution and called for a fresh accord with law-makers to avert further upheaval in the country. "I consider the amnesty to be a violation ofAFP.; Reuter - 372 words
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468 1994-03-05 5 AP TOKYO The United States and Japan are destined for fierce competition in Asian markets, Washington believes, and the US government plans to do all it can to help US firms meet that challenge. The US Undersecretary of Commerce for InternationalAP - 468 words
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WORLD WATCH
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107 1994-03-05 5 Reuter BRUSSELS European Union and Japanese negotiators will meet in the middle of this month to try and set a level of Japanese ear exports to the LI in 1994. European Commission officials said on Wednesday. They said an agreement was possible sineeReuter - 107 words
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Article, Illustration56 1994-03-05 5 AFP STUTTGART Prototypes of two new varieties of the "Swatch-Mobile", the Eco-Sprinter (left) and the Eco-Speedster being presented here yesterday. German car maker MercedesBenz and Swiss company Nicolas Hayek aim to mass produce the vehicles by 1997. The cars measure 2.5 metres in length and can reach aAFP - 56 words
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98 1994-03-05 5 Reuter MOSCOW Russian President Boris Yeltsin said his country still aimed at monthly inflation of 5 per cent by the end of 1994, down from 22 per cent in January. "The task of making inflation moderate, controllable and forecastable stays a priority," Mr YeltsinReuter - 98 words
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Article79 1994-03-05 5 Reuter LIMA The European Union will send a mission here in late March to evaluate aid programmes, the EU's ambassador to Peru and Bolivia said. Ambassador Sabatto Delia Monica said an EU delegation headed by Rosa Quevedo, the official responsible for programmes in Peru,Reuter - 79 words
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532 1994-03-05 5 Country's leaders and industrialists fear permanent damage to economy Reuter BERLIN German workers, with the world's highest wages and shortest work week, may have been too busy on their six weeks' annual holiday to notice that for the first time in decades GermanyReuter - 532 words
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435 1994-03-05 5 Bloomberg Business News NEW YORK Mexico is expected to join the Organisation for Economic Cooperation and Development by June, becoming the first new member of the trade group since 1973. Mexican officials have met with OECD officials to explainBloomberg Business News - 435 words
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Article1771 1994-03-05 5 atg n» eta nw at» no fi*t eto Abn Dhabi GA860 2005 Haww SQI75 1905 VN740 1410 Amman RJ187 0130 Hatyai TG408 0820 Amsterdam SQ25 0635 KL844 0535 Ml895 2300 M<896 l 92 KL837 1545 KL838 2335 Hiroshima SQ991 1730 SQ992 0155 SQ324 2345 Ho Chi1,771 words
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COMPANIES & MARKETS
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381 1994-03-05 6 Joyce Quek - Bumper turnover revs up Cycle Carriage performance Reports by Joyce Quek SINGAPORE Record car sales, increased contributions from Malayan Credit and residential development sale profits have lifted the results of diversified Cycle Carriage Ltd (CCL) to new heights. Group turnover for the 15 months to the new vear-end of Dec381 words
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343 1994-03-05 6 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Closed-end investment funds, which have been thinly traded for years, are beefing up their free float in the market by making bonus issues. In an announcement yesterday, Overseas Union Securities said it will reward shareholders with a343 words
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275 1994-03-05 6 SINGAPORE The Malayan Credit Ltd (MCL) property group had significantly better sales and profits for the 15 months to Dec 31. 1993. This was due to higher sales of development properties, increased contributions from investment properties and writeback of excess provisions. It275 words
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332 1994-03-05 6 SINGAPORE CWT Distribution yesterday reported a healthy bottomline. with group net earnings rising 32 per cent to 57.06 million. This works out to earnings of 7.58 cents per share, up from 7.13 cents when the company made 55.35 million in 1992. The332 words
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EYE on your STOCKS
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Article20 1994-03-05 6 For next »uvAv expeehil market sentiment \ee HI Sentiment liule\ on EL 4 <l'er\onal Finance A Investment %eitiom20 words
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Article, Illustration129 1994-03-05 6 Quak Hiang Whai - By Quak Hiang Whai Hotel Properties warrants yesterday lost three eents to S 1.51. just above the immediate support at Si.so. Any break downwards from there will quickly see the stock trade to the next support level at Si.3o. But the daily RSI and stochastics have reached oversold129 words
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279 1994-03-05 6 Corinne Kerk - By Corinne Kerk SINGAPORE Superior Metal Printing (SMP) registered a 1.3 per cent increase in net profit to 54.3 million for the year to Dec 31, 1993. But the pre-tax profit was down 21.2 per cent to $4.6 million. In announcing its year-end279 words
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696 1994-03-05 6 R Sivanithy - HOCK LOCK SIEW By R Sivanithy SINGAPORE Do you know that you can double your entitlement to certain Malaysian rights issues? A window of opportunity exists for investors who hold a longer term view and are prepared to bear696 words
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255 1994-03-05 6 Abdul Hadhi - By Abdul Hadhi SINGAPORE Sime Singapore chalked up a 19 per cent rise in after-tax profit to $13.5 million for the six months to last Dec 31. Announcing its interim results yesterday, the group said the rise was on a 10255 words
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COMPANIES
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477 1994-03-05 7 William Chia - From William Chia in JAKARTA THE number of property companies listed on the Jakarta Stock Exchange is set to nearly double to 13 in the next few months. In the first two months of this year, six firms have announced477 words
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192 1994-03-05 7 Bernama KUALA LUMPUR Dunlop Estates Bhd of the Multipurpose group achieved a record M 5374.87 million (*****.4 million) pre-tax profit for the year ended Dec 31. 1993. up 38 per cent from the 1992 pre-tax profit of M 5271.10 million. Releasing its audited resultsBernama - 192 words
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265 1994-03-05 7 SINGAPORE Pan-United Corp yesterday announced 1993 results generally in line with forecasts made when it launched its share offer late last year. For the year to Dec 31, the marine group hoisted net earnings 9 per cent to SiB.6 million on a 44265 words
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189 1994-03-05 7 SINGAPORE Marinebased Jaya Holdings achieved a 26 per cent increase in net earnings to 54.2 million at half-time. The Sesdaq-listed group reaped gains totalling 52.1 million from the sale of vessels, compared with about 5500.000 from vessel sales in the previous first half.189 words
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Article547 1994-03-05 7 UNIT TRUSTS FUNDS MaMfcrs' priccs Mar 5 7 (JMB Invest Mgt Ltd llaut ThkI I nilund I 52 I 58 amgapore unn irusi i; n ,ix»nd' 1.02s 1055 The Commerce 1.76 1*5 United <Sr Fund I M 172 rhe Savings Fund 11.61 1.69 1|cd VlJ Fund 8 <♦>. Spore Prog547 words
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282 1994-03-05 7 Bernama KUALA LUMPUR Rubtlla International Ltd, in which Uniphoenix Corporation Bhd's subsidiary Rubfil Sdn Bhd has a 39 per cent interest, will be listed on five stock exchanges in India this June. UCB group executive director Kamaruddin Taib said yesterday thatBernama - 282 words
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Article, Illustration431 1994-03-05 7 AFP MANILA The Philippines' rival bourses began the process of electronic unification here yesterday after 20 years of div ision. but the marriage was quickly marred by computer problems and a two-week-old downturn continued. The unification came about after President Fidel Ramos cancelledAFP - 431 words
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294 1994-03-05 7 Loh Hui Yin - From Loh Hui Yin in HO CHI MINH CITY SINGAPORE contractor Antara Koh. which is developing a USS26O million (SS4IO million) new town in Hanoi with a Vietnamese party, is lining up more partners to take up equity stakes in the ambitious294 words
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COMPANY BRIEFS
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89 1994-03-05 7 Bernama KUALA LUMPUR The hull run on the loeal bourse pushed Omega Holdings Bhd's group pre-lax profit up more than sevenCold to M 599.60 million (5557.63 million) for the six months ended Dee 31, 1993. Omega, which is primarily involved in stockbroking activities, saidBernama - 89 words
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99 1994-03-05 7 Bloomberg Business News BANGKOK The Stock Lxchangc of Thailand this vear will introduce an index of blue-chip shares as a benchmark for institutional investors, an SET official said. The SLT 50 Index will comprise the market's largest and most actively traded issues. Chaipat Sahasakul. saidBloomberg Business News - 99 words
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Article85 1994-03-05 7 Bernama KUALA LUMPUK MBf Holdings Bhd said it has reached agreement with Sri Hartamas Corporation Bhd for the sale of two properties The Park Inn International. Penang. for M 555.4 million (5532.05 million) and The Malacca Village Park Plaza Resort for MS4S million. MBf saidBernama - 85 words
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Article30 1994-03-05 7 SINGAPORE Charles Yeo has resigned as company secretary of Veo Hiap Seng. Aw Seek Chin has been appointed assistant company secretary, effective from Feb 26.30 words
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48 1994-03-05 7 SINGAPORE First Allied Corp has launched a membership drive for the first of two international golf courses at its MSI billion (SSS7O million) Bukit Tunggul Golf and Country Club. The company expects the sale of golf memberships to reap about MS6I million.48 words
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58 1994-03-05 7 SINGAPORE Liang Court Holdings has set up two wholly owned subsidiaries. Liang Court Hospitality (Singapore) and Liang Court (Suzhou) Investment. The former will operate and manage service apartments and provide business consultancy services in relation to service apartments. The latter is a member58 words
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87 1994-03-05 7 AFP MANILA Philodrill. one of the Philippines' top oil exploration firms, has received permission from the Securities and Exchange Commission to tloat 550 million pesos (SS3I million) worth of shares. Philodrill. owned by publishing magnate Alfredo Ramos, will issue the shares to coverAFP - 87 words
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COMPANY BRIEFS
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Article112 1994-03-05 8 Bloomberg Business News HONGKONG The Mass Transit Railway Corp, which operates Hongkong's underground railway system, yesterday said its net profit for the year ended Dec 31, 1993, rose 82 per cent to HKS73S million (S$lSO million) from HK$4O3 million in 1992. Corporation chairman Hamish MathersBloomberg Business News - 112 words
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115 1994-03-05 8 Bloomberg Business News TOKYO Kokusai Securities predicted Japanese corporate profits will rise 2.7 per cent in fiscal 1994, the first gain in five years, the brokerage said in a report yesterday. In its survey of the 300 companies contained in the Nikkei 300 capitalisation-weight-edBloomberg Business News - 115 words
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97 1994-03-05 8 Bloomberg Business News MILAN Italian clothing company Benetton SpA plans to open 500 stores in China over the next three years, chairman Luciano Benetton said in an interview with the II Sole/24 Ore newspaper yesterday. The company will sign a joint venture agreement withBloomberg Business News - 97 words
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71 1994-03-05 8 Nikkei TOKYO Suzuki Motor Corp and Isuzu Motors Ltd announced yesterday that they agreed to dissolve all of their business ties, including cross-holding of shares, effective yesterday. Suzuki owns 11 million Isuzu shares and Isuzu holds 9.4 million Suzuki shares. The two companies enteredNikkei - 71 words
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97 1994-03-05 8 Reuter LONDON Imperial Chemical Industries pic and its Japanese partner Teijin Ltd yesterday said they had formally inaugurated a new manufacturing plant to supply Asian customers with an ozone-friendly replacement for CFCs. The £50 million (SSI 18 million) factory at Mihara, Japan, is capableReuter - 97 words
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64 1994-03-05 8 Bloomberg Business News HONGKONG Shanghai International Brokerage Co, which says it represents extensive property interests in the eastern China metropolis, yesterday appointed Win Concept International Brokers Ltd to act as its Hongkong representative. "Win Concept will concentrate its efforts on property development, foreign investment andBloomberg Business News - 64 words
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374 1994-03-05 8 Catherine Ong - From Catherine Ong in HONGKONG BOOZ Allen Hamilton, the international consulting firm noted for its telecommunications practice, has lost its team of experts who advised such high-profile clients as Singapore Telecom, the Hongkong government, and Star TV. Six consultants from Booz Allen's London-based374 words
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Article, Illustration50 1994-03-05 8 Reuter LONDON Three of a six-man buy-out team of Midland Independent Newspapers celebrating on Thursday the launch of the company's stock flotation. From left: finance director John Whitehouse, chief executive Chris Oakley and commercial director Julian Day. Midland publishes The Birmingham Post and Sunday Mercury, among others. ReuterReuter - 50 words
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361 1994-03-05 8 Rajendra Bajpai - From Rajendra Bajpai in NEW DELHI CMS COMPUTERS Ltd of India. the country's seventh largest supplier of computer hardware. has signed an agreement with Acer Computers International Pte Ltd of Singapore to sell Acer's low-end computer systems, the Bombay-based company said.361 words
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408 1994-03-05 8 Bloomberg Business News NEW YORK Chubb Corp, St Paul Cos and Cigna Corp, three of the largest US property and casualty insurers, said on Thursday they have positioned themselves to tap the fast-growing Asian insurance market. Chubb, based in Warren, NewBloomberg Business News - 408 words
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SHIPS IN PORT
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Article388 1994-03-05 8 M U H. ft, i,. M 1 M— mam W I. vessel toy iw Dcnn wnva Mpimvi »wsn toy no twin vttvji utpamre Jwong Port Batam Speed ****** P01A 05 03/0700 0503/0830 Batam Mum 03/02/94 12 Wfak 05 03/0300 Batam SpeeM ****** P01A 04.03/2330 05 03/0200 Crane388 words
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Article1736 1994-03-05 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Wl* 1/9* 06/1000 II 04/1500 04/1659 04/1900 3 06 0700 05/1159 05/1400 4 05/1200 05/1459 05/1/00 *P 04* 05/1500 1A 04/15001,736 words
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FINANCE & COMMODITIES
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691 1994-03-05 9 Bloomberg Business News HONGKONG At least six companies planning to tap the international bond markets in recent weeks have postponed their bond sales. They say they will hold off until relative price stability returns to the US Treasury market evenBloomberg Business News - 691 words
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151 1994-03-05 9 Bloomberg Business News FRANKFURT The lead bank in Germany's community bank system, DG Bank Deutsche Genossenschaftsbank, reported growth in assets and operating profit for 1993. Consolidated total assets rose 7.1 per cent by the end of 1993. to 221.4 billion Deutschemarks (*****.7 billion)Bloomberg Business News - 151 words
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180 1994-03-05 9 SINGAPORE The State and Savings Bank of Luxembourg yesterday celebrated the 10th anniversary of its office here. Speaking at a ceremony to mark the event, president Raymond Kirsch said the bank's decision to locate its first overseas office in Singapore was correct. "We180 words
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Article125 1994-03-05 9 Bloomberg Business News ZURICH Credit Suisse Group's net profit rose 53 per cent to 1.46 billion Swiss francs (551.61 billion) in 1993. The figure includes the results of Swiss Volksbank, which Credit Suisse's parent, CS Holding, acquired last year. Credit Suisse announced that it wouldBloomberg Business News - 125 words
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271 1994-03-05 9 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Sinochem Finance, a subsidiary of the China National Chemicals Import and Export Corporation (Sinochem). has raised USS22 million (SS3S million) in the Singapore-based Asian dollar market. The loan is a one-year revolving credit facility with interest at 0.275 per271 words
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SMALL CHANGE
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89 1994-03-05 9 Reuter MOSCOW Russia is likely to review and ease restrictions on foreign bank activities. Prime Minister Viktor Chernomyrdin said yesterday. "I think life will force us to take a new approach towards competition with foreign banks. Hot-house conditions do not seem good for ourReuter - 89 words
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71 1994-03-05 9 Reuter HONGKONG The Hongkong Stock Exchange said that effective March 16. all applications for shares in stock flotations for more than 100 per cent of securities on offer will be deemed multiple applications and be rejected. The exchange also said application forms would be required toReuter - 71 words
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Article68 1994-03-05 9 Bloomberg Business News NEW YORK The Union Bank of Switzerland said it agreed to invest USS2OO million (SS3IB million) in an investment fund being raised by Geoffrey Boisi. a former senior partner at Goldman. Sachs Co. Boisi's firm. Beacon Group, is trying to raiseBloomberg Business News - 68 words
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87 1994-03-05 9 Reuter LONDON UK life insurance companies which fail to meet regulatory standards on compliance procedures will face a sharply higher scale of fines starting at over £200.000 (*****.000). the Financial Times newspaper reported. However, the self-regulating body. Lautro. is also considering a regulatory systemReuter - 87 words
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278 1994-03-05 10 Bloomberg Business News PITTSBURGH Aluminium Co of America (Alcoa) and Kobe Steel Ltd of Japan have signed a cooperative agreement to help China develop its rapidly growing aluminium industry. The agreement with the China National Non-ferrous Metals Industry Corp, the government ministryBloomberg Business News - 278 words
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409 1994-03-05 10 Company denies link with human rights situation Bloomberg Business News CHICAGO Amoco Corp said it was pulling out of Myanmar because of poor business potential. John Seger, the company's manager in Myanmar, said Amoco will leave the country by mid-year, based on itsBloomberg Business News - 409 words
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Article, Illustration436 1994-03-05 10 DBS Weekly Currency Review LS$/DM: bullish divergence seen The greenback traded lower early this week, from 1.7168 on Monday to 1.6935 on Wednesday. It then recovered to close at 1.7105 on Thursday, when a bullish divergence formed in the daily stochastics. On the436 words
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259 1994-03-05 10 Reuter DUBAI Opec president Abdullah al-Attiyah said on Thursday that Gulf Arab oil ministers will discuss measures to boost weak oil prices at their meeting in Saudi Arabia today. The official Qatari news agency said Mr Attiyah. who is also Qatar's oilReuter - 259 words
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235 1994-03-05 10 Bloomberg Business News WASHINGTON The US Securities and Exchange Commission upheld a New York Stock Exchange disciplinary action against a former Prudent ial-Bache Securities Inc salesman. Alan H Gold, an Illinois resident, was barred from NYSE membership or working at a company thatBloomberg Business News - 235 words
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179 1994-03-05 10 KnightRidder NEW DELHI India's mines ministry has welcomed concessions to the non-ferrous metal industry proposed in the fiscal 1994-95 budget (April-March), which was unveiled this week by Finance Minister Manmohan Singh. But producers of copper semi-finished and finished products aren't satisfied. Minister of State forKnight- Ridder - 179 words
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Article, Illustration136 1994-03-05 10 THE USS/majors moved higher during Far East hours yesterday, especially against ihe yen with rumoured Bank of Japan purchase and huge stop-loss buying along the way as market participants were generally caught on the wrong tooting. The USS/SS moved higher in line with stronger USS/ma-136 words
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Article185 1994-03-05 10 Bloomberg Business News LONDON The dollar rose to 1.72 dcutschemarks yesterday after the US Labour Department reported a stronger-than-expected rise in US jobs in February, raising expectations the Federal Reserve may be set to raise interest rates again. The US economy added 217,000 non-farm jobs in February, more thanBloomberg Business News - 185 words
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157 1994-03-05 10 ENERGY REPORT Bloomberg LONDON Crude oil futures prices declined marginally yesterday on both sides of the Atlantic amid limited refinery demand as plants shut down for annual maintenance, brokers said. Trade was also cautious because of the meeting of the Gulf Cooperation CouncilBloomberg - 157 words
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Article82 1994-03-05 10 Bloomberg Business News NEW YORK The dollar was little changed against the maior currencies after release of better-than-expected job data for February yesterday. Investors often buy dollars after positive economic reports, betting that stronger Kowth will give the Federal eserve the incentive to raise rates. Higher rates makeBloomberg Business News - 82 words
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Article, Illustration1533 1994-03-05 10 Trade-unfilled index calculated against S pore's top 14 trading partner, Base year 198 f US$/S$ forward rates Noon Mar 4 SI BU CMftr 1-month I.SSI8 ***** 2-month 1 5813 1 5828 3-month 1 5809 1.5824 6-month 1 5800 1 5820 Sower OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at1,533 words
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COMMODITIES & FUTURES
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1362 1994-03-05 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended sharply lower on profit-taking ahead of the weekend yesterday. Dealers said market participants, especiall> the Japanese, decided to take profits after Thursday's sharp rise before their books close end of the month. "Trading in the Euroyen hasReuter - 1,362 words
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634 1994-03-05 11 COMMODITY REPORTS Tin TIN continued to plummet for the second straight week to close 28 sen down at VIS 14.08 on initial high offerings yesterday. traders said. Ihe market is weak due to poor demand and London market." one said. "We expect prices634 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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102 1994-03-05 11 TAIPEI Local zinc traders arc looking to the big smelting industries of Asia for relief this month from chronic sluggish demand. Fresh buying has been stalled as smelting companies postpone replenishing their reserves ahead of sure signs of recovery in zinc's main consuming102 words
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Article105 1994-03-05 11 TAIPEI Aluminium purchases are expected to remain quiet this month due to sluggish demand and beefy inventories held by buyers. Taipei metal traders say. A depressed local extrusion business and relatively high prices for aluminium ingot spells thin spot sales activity over the next month, traders105 words
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Article142 1994-03-05 11 TAIPEI Strong spot demand for copper should emerge in Taiwan this month if international prices for the metal come oft" by (JSSIOO to USS2OO a tonne, traders here said. Lacking a rollback in prices, buvers are expected to remain out of the market this142 words
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Article1471 1994-03-05 11 Rubber Singapore Commodity Exduaci (htfti dosing as at lp«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 94 142.50 142.00 142.50 i800 3.150 May 143.75 143.75 144.25 1825 5.425 Jun 145.25 200 5.350 Jul/Sep 146.75 4.050 Oct/Dec 147.50 147.50 148 501,471 words
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REGIONAL STOCK MARKETS
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Article1207 1994-03-05 12 -I.6pc Australian shares dived lower yesterday as domestic bond prices plummeted due to fears of an imminent interest rate hike in the United Stales, brokers said. "The market was sold oil" all day in both bonds and equities," one broker said. "Everyone is nervous that the weakness we have1,207 words
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Article641 1994-03-05 12 -91.23 The Philippines' rival bourses began the process of electronic unification here yesterday after 20 years of division, but the marriage was quickly marred by computer problems, and a two-week-old downturn continued. Brokers on one floor can already follow the prices on the other through the linked computer systems641 words
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Article581 1994-03-05 12 +215.13 Taiwan stocks rocketed in active trade to close 3.9 per cent higher on persistent but unconfirmed rumours that the central bank would soon raise the USSS billion ceiling on combined foreign investment in the market. The weighted index closed 215.13 points up at 5,672.87. near an intra-day high581 words
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Article271 1994-03-05 12 -36.15 New Zealand shares tumbled 1.6 per cent yesterday on a sharp decline in the neighbouring Australian market and lack of interest from overseas investors. The fop 40 capital stock index closed down 36.15 points at 2.181.90. Volume was a moderate 18.5 million shares valued at NZ543.5 million.271 words
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Article98 1994-03-05 12 -180.16 Share prices were quoting higher than their official closing levels in kerb deals but brokers said it did not mean a reversal of a downtrend that has pushed stocks down by 11 per cent in the past five trading sessions. During the official session, the Bombay Stock Exchange98 words
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Article428 1994-03-05 12 -5.61 Across-the-board selling pushed the stock market down for the fourth consecutive day with the composite index closing below the 900 level, brokers said. "Shares fell aeross the board. The market is in a consolidation period which is expected to continue until next week." ("hoi Bum at Seoul Securities428 words
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WORLD STOCK MARKETS
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Article179 1994-03-05 12 +22.19 A late round of short-cover-ing helped push the DAX index to a close of 2.060.09. up 1.09 per cent or 22.19 points on the day. and up 15.64 points from Thursday's post-bourse close. Traders stressed the market is looking to bund and DAX futures prices for direction. The179 words
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Article269 1994-03-05 12 +36.78 Swiss shares gained more than 2 per cent as favourable US job data gave an already firm market a final boost and players rushed to recoup losses seen earlier this week. Banks and cyclical stocks led the market higher and dealers said yesterday's firm drive could well be269 words
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Article136 1994-03-05 12 +38 Italian stocks continued rebounding yesterday, while many investors remain nervous. Traders said they don't expect prices to keep rising next week. The Italian stock market's blue chip Mibtel Index ended 0.4 per cent or 38 points higher at 10,340 after rising 1.4 per cent on Thursday. But the136 words
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Article772 1994-03-05 12 +31.5 EQUITIES ended the first week of a volatile trading account mostly higher but underlying sentiment remained nervous, dealers and strategists said. The FTSE 100 index finished 31.5 points higher at 3,278.0, supported by a robust futures market. The March FTSE futures contract was up 39.0 points at 3,272.0772 words
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Article122 1994-03-05 12 1.13pc French shares finished sharply higher, with the CAC-40 index up 1.13 per cent at the close, but dealers said the market was fragile, nervous and directionless. The CAC-40 index ended up 24.28 points, or 1.13 per cent, at 2,178.69. Volume was a leisurely 4.2 billion francs. Paris Mar122 words
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Article154 1994-03-05 12 +0.66pc The Stockholm bourse ended a dramatic and volatile session higher on lower debt market rates. "It's been wild trade all afternoon. Prices would have risen more if Astra hadn't pulled the index down." a dealer said. The OMX-index rose 0.66 per cent to close at 1.157.89. Turnover was154 words
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Article161 1994-03-05 12 +9.81 Belgian shares ended higher, after buying for the new account which began yesterday, a stronger dollar stronger trend on other European bourses. The Bcl-20 index of leading shares ended 9.81 points, or 0.66 per cent, higher at 1.489.3 with a moderate 1.4 billion francs worth of Belgian shares161 words
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Article296 1994-03-05 12 +6.57 Toronto stocks edged higher in early trading yesterday as gains in conglomerate and mining groups offset losses in precious metals. Traders said there was little impact from yesterday's stronger than expected US non-farm payrolls growth data. The TSE 300 Composite Index climbed 6.57 points to 4.376.82 on volume296 words
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Article870 1994-03-05 12 +8.73 The Dow Jones industrial average was ahead 8.73 points to 3,833.15 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.41 to 257.09. while the S&P 500-stock index was up 0.83 to 463.84. Advances topped declines 944-743 among the 2.442 issues crossing870 words
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Article978 1994-03-05 12 Amsterdam Mar 4 FU +T-ABN-Amro 66 20 Acton 96.30 -2.5 Ahold 49.(0 -.7 Akzo 208 50 -2 J Alrcnta 256 80 -8 6 Anw» 77 90 I BolvWraanen 42 80 -.7 Bonumy Wcbr) 149 00 40 Buhrman Tettero 29 20 DSM 115 90 t 12 Elirvwr 179 60 -I.I Fofcker978 words
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Article, Illustration3115 1994-03-05 13 Reuter HONGKONG Stocks closed higher as steadier markets overseas encouraged local bargain hunting aimed at blue chips, brokers said. The Hang Seng Index ended up 116.16 points, or 1.19 per cent, at 9.918.19, oIY a high of 10.021.66. The index spent the afternoon consolidating its early gains. "We sawReuter; Source: Bridge Info - 3,115 words
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Article, Illustration526 1994-03-05 13 BOTH Shanghai and Shenzhen B Indices finished at lows for the week. The Shanghai B Index came down a total of 7.3 per cent for the week. Erfangji has lost 23 per cent over the past three days since the announcement of rights issue plans, closing at USSO.49. Other526 words
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Article, Illustration2501 1994-03-05 13 Reuter TOKYO Stocks ended firmer yesterday, with a weaker yen and overseas buying helping the market to shrug off the revival of the US trade weapon Super 301 overnight, brokers said. The Nikkei Average tested a key 20.000 level but failed to stay above that due to position adjustments.Reuter; Source: Bridge Info - 2,501 words
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Article, Illustration1828 1994-03-05 13 Reuter BANGKOK Thai stocks closed up 18.87 points, or 1.41 per cent, at 1.359.25 on a technical rebound yesterday. brokers said. Turnover was a moderate 7.7 billion baht. "Investors, led by institutions. bought heavyweight stocks, especially bank counters before the market closed." said broker Übonwan Hongwittayakorn at General FinanceReuter; Source: Bridge Info - 1,828 words
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Article, Illustration1141 1994-03-05 13 Reuter JAKARTA Share prices extended losses in slow trading yesterday. with investors struggling to limit their exposure in a slumping market, brokers said. The official composite index fell another 8.99 points to end at 521.38. Some stocks were corrected on thin volume but generally bearish sentiment on a gloomyReuter; Source: Bridge Info - 1,141 words
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Article2579 1994-03-05 14 MOST ACTIVE volume Nlulphj Intl Mk 10 I4«U**I iiins H\j mk ismam \MI»BMV b.WrtOOO I'romcl Mnin Fafocr <iroup S.KK4.0U0 kjmunling StV 5.750.000 Kcnong Bhil SOc 4.672.000 Johan HWgs MV VK6f 000 lnsa> Bhd V6VI.OT0 I \< B Mk ljlJj— Bcijjvj (iroup J.4W.OOO Peg. Msu MMM Mcnangfofp J.861.0UI MOST2,579 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5557 1994-03-05 14 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index fell for a fourth consecutive day as US investors sold shares despite an impressive earnings report from a major blue chip. Telekom Malaysia, traders said. Analysts said foreign investors have been fleeing Asian equitiesBloomberg Business News; Source: Bridge Info - 5,557 words
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STOCK EXCHANGE OF SINGAPORE
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Article7316 1994-03-05 15 1 MAW BOARD Transaction date: Mar 4 1 Gr Gr 1993/94 Last Vol Day Last Quote W» Di» YM Net M Cam High Low Company Sale IHOO) High Low Bayer Setter O P/K Saul INDUSTRIAL AND C0MMFRC1AL 1440 260 I Aetna 1120 it 1110 11)0 12.S 2.1 I.I 48.3 772.07,316 words
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Article, Illustration1924 1994-03-05 16 R Sivanithy - By R Sivanithy SINGAPORE A late minirally, described by some as a "technical rebound" and by others as bargain hunting on news of strong trade figures for January, led to share prices closing firmer yesterday. The Straits Times Industrials Index started the dayCharts by Bridge Info; Source: Bloomberg - 1,924 words
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Page 6 Advertisements
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Advertisement479 1994-03-05 6 NEWS VALUE llow unlay's mmht atteet your \tot ks CityDev's Mirage condo units snapped up (pz h Looks like prices of residential properly are not about to let up. Likely to benefit stocks with substantial exposure in the residential sector, including CityDev. DBS Land and FCC. Japanese leaders play down479 words
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Page 7 Advertisements
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Advertisement6 1994-03-05 7 Dividends (able has been held over6 words
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Advertisement227 1994-03-05 7 We Are &Us:i» x 11! Korea! J Be Sure To Get Your Copy Today! I Universal Publications Agency Ltd i I 54 Kyonji-Dong, Chongno-ku For Investors who are set to fly AN INTERNATIONAL MELBOURNE AUSTRALIA acras site Priai lacatiaa far a raaga devalapauats AeroSpace Technologies of Australia Limited (ASIA), o227 words
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Page 9 Advertisements
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Advertisement298 1994-03-05 9 Kay Hian James Capel Pte Ltd Member of the Stock Exchange of Singapore Limited Kay Hian James Capel seeks to recruit an individual, who has the ambition and ability to be amongst the best in his/her field, to join their research department as: The individual must have at least: 3298 words
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Advertisement288 1994-03-05 9 Sound, Solid Secure "o- v■_^." Yes, we believe a substantial portion of your savings j should be placed in investments which are Sound, Solid I The Asia Life CPF Approved Plans Action Form I Secure. That's why we think you should take a closer i Yes! I'm interested in the288 words
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Page 11 Advertisements
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Advertisement98 1994-03-05 11 "Where is die best place to sell a home? THE MIS IMS CLASSIFIED! Are you making a move to sell your single-storey terrace? A double-storey semidetached? A maisonette? An apartment? An ad in The Straits Times Classified puts you in touch with over 500,000 potential buyers who will respond quickly.98 words
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Advertisement47 1994-03-05 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Hj 737-1166 Make the connection through The Straits Times Classified when you're jJk looking for bargains or looking for customers. T Just give us CJLTA aca!L 737'i*«*i47 words
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Page 12 Advertisements
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Advertisement45 1994-03-05 12 SINGAPORE F Business Times m KNOW ASIA Address Mail or fax this form to: Postal Code: Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel (O) (H) f BHohtV«»D7OI9445 words
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Page 13 Advertisements
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Advertisement39 1994-03-05 13 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving quick relief from stomach discomfort, IJHI FAST-ACTING ANTACID Sterling gastriC pain indl 9 es rumes GAST«,C PA,N, xtmb 1 V Health tion and heartburn, t HCA TBUBNANDufS£T^ j f s39 words
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Page 14 Advertisements
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Advertisement87 1994-03-05 14 ill.. |B jJmH JI p37 640 (14' Teletext} M 8? 102 CIV (Ncam SICfCO) ST 706SS/8 text INicam Stercol M 77 795/9 TOP INrxn Sterol rC!^g^ —P 37-050 ST 8? 775 TOP (Nicam Stcrco| AVAILABLE AT ALL LEADING'EIECTRICAL DEALERS mm*> am f*Bi*%*% Showroom: 298 Beach Road. #B 1-09/10 The Concourse.87 words
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Advertisement5 1994-03-05 14 iNm?3]33 a m ?.> i\ fiTOVJWla5 words
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Page 15 Advertisements
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Advertisement51 1994-03-05 15 ACTAL NEUTRALISES STOMACH ACID. r" 11 'j Actal neutralises stomach acid, giving Mf quick relief from stomach discomfort, 1 FAST-ACTING ANTACID j Sterling Qastric pain, indiges- relieves gastric pain, XTMeB n Health tion and heartburn, l hea tburnandu sctstomach !M *>"»■*«« j s 1 Appointment Ads Help You Find The51 words
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Page 16 Advertisements
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Advertisement403 1994-03-05 16 It's great to hear news from home when you're abroad The straits Times Subscribe now and get a weekly Edition is a trendy Benetton back-pack free! J* weekly tabloid which V I contains a summary of Subscribe MaK March 31, 1994 and get a Benetton back- pack free. Hum, limited403 words
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Advertisement37 1994-03-05 16 BUSINE SS TIMES TOLL-FREE TEL. No. 1 MOO 741-1 HI FAX 741-1298 p/7 M'i IT'S REIGNING! CATS AND DOGS (and 1001 other things) in The Straits Times Classified V'' fat L A j w f£T C.A.T.S. 1737-*****37 words
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Advertisement115 1994-03-05 16 PRIMITIVE FURNITURE FROM THE ISLAND OF SULAWESI, MADURA JAVA WITHOUT RESERVE ALL MUST BE SOLD The largest collection of primitive art consisting: 211 items of selected Armoire (Cupboards), Carved Panels, Raffles Settees, Benches, Teak Chests, Dressers, Mirror Frames, Stone and Bronze Sculptures. Dealers Welcome Venue: KATONG PARK HOTEL Poolside Conference115 words
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Executive Lifestyle
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Article, Illustration1133 1994-03-05 17 Susan Tsang - Are antiques and paintings still affordable in these days of astronomical prices? Susan Tsang reports on some good buys Susan Tsang SO, you're in the money and you want to invest in some collectibles? If you were in the United States, you'd be spending a fortune on1,133 words
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STRAWS IN THE WIND
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Article125 1994-03-05 17 ONE would think that having a savings account implies just that savings. But one father who wanted to open a joint account with his young son to encourage him to save was quite perturbed that the hank insisted on issuing an ATM card at the same time. "Why125 words
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Article43 1994-03-05 17 FILM reviewers who attended the preview of Steven Spielberg's Schindlir's List arrived at the venue and found the lifts out of order, forcing them to walk up 13 tliglus of stairs. Guess what the name of the lifts was? Schindler's Lifts.43 words
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Article27 1994-03-05 17 WORDS of wisdom: "If you have a good wife, you are a happy man. If you have a bad wife, you are a philosopher."27 words
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OPINIONS
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Article, Illustration724 1994-03-05 18 Jackie Sam - Jackie Sam says the recent White Paper on Sino-British talks reveals how far Britain was prepared to intrude into Hongkong's affairs beyond 1997 Jackie Sam The writer is a Hongkong-based journalist who contributes regularly to BT FOR MONTHS China has accused724 words
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Article, Illustration899 1994-03-05 18 Kevin Sullivan - Kevin Sullivan contends that, after a period of trauma and confusion, the country is behaving like a normal superpower Kevin Sullivan The writer is a journalist on BT's Foreign Desk AFTER Soviet fighters shot down a Korean Air Lines jumbo jet899 words
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175 1994-03-05 18 Denis Distant - LETTERS TO THE EDITOR Denis Distant RECENTLY I faxed Singapore Post the full details about a registered envelope addressed to Malaysia which apparently has not reached the addressee. In response I received in the mail a form for completion and submission175 words
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93 1994-03-05 18 Peter Chia - Peter Chia Public Affairs Manager Stock Exchange of Singapore WE REFER to the letter by Mr Denis Distant (BT, Feb 19/20). When a counter goes "ex-rights" or "ex-bonus", the price is not adjusted to its theoretical level as the accuracy of the theoretical93 words
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CORPORATE PROFILE
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Article, Illustration3131 1994-03-05 19 Sega Enterprises Ltd, the US$4 billion company that stung Nintendo, is racing to build a high-tech entertainment empire. Started in Japan by an ex-airman from Brooklyn, Sega has come a long way. But is it ready to join the fray on the Information Superhighway? Asia's3,131 words
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Article222 1994-03-05 19 DIVERSIFY This year, Sega is going into two new businesses: toys and indoor amusements parks. Its toy line will include books that interact with a TV through an electronic pen. Its computerised centres a planned 50 by 1997, will have rides featuring windowless capsules that222 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration56 1994-03-05 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities. Daiwa Securities Singapore, DBS Asset Management, Kay Hian James Capel, Nomura Research Institute, OCBC Investment Research, Ong Co, Peregrine Securities. Phillip Securities, Schroder Securities, WI Can and56 words
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Article411 1994-03-05 20 Daiwa Institute of Research (Mar 2) Time Engineering. Looks especially interesting now, after its completion of the Plus North-South Expressway project. It could become the Telekom Malaysia of 1996, having been awarded the contract to lay the optic fibre cable along the NSE. Rumour is that its licence has411 words
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Article, Illustration167 1994-03-05 20 FT Peregrine Sewu Securities Weak regional sentiment stemming from interest rate uncertainty and a potential deluge of fund raising from a domestic perspective, both in the form of IPOs and rights issues, have combined to pull the JSE Index down by 13.5 per cent fromSource: Bloomberg - 167 words
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Article, Illustration209 1994-03-05 20 Quah Soon Tong - Quah Soon Tong Head of research OCBC Investment Research 44T n the coming days, we expect the local X. bourse to drift aimlessly. We do not, however, expect a massive sell-off. Still, another spike in shortterm interest rate will not be totally unexpected as it is an209 words
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Article, Illustration825 1994-03-05 20 Agnes Chen - Agnes Chen asks a few analysts whether it's time to get out of the stock market Agnes Chen IS IT time to bail out? It certainly looked that way this week, as a malaise gripped stock markets from Paris to Tokyo. An interest rate hike spooked institutionalSource: Bloomberg - 825 words
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Article, Illustration664 1994-03-05 20 Agnes Chen - Agnes Chen says how they solve the problem may set the course for regional stock markets Agnes Chen QUESTION from analyst to central bank official: Given the levels of capital inflows, the strong growth in exports, and pur-chasing-power parity (PPP) calculations which suggestSource: CS First Boston - 664 words
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Article, Illustration912 1994-03-05 20 Why bank shares have weakened despite the forecast of sparkling results IT SHOULD have been an occasion to bring out the champagne, but sparkling bank results are unlikely to be followed by a rise in bank share prices, analysts say. Bank counters may, inSource: Bloomberg - 912 words
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Article, Illustration727 1994-03-05 21 Catherine Ong - Catherine Ong meets a top performing Singaporean fund manager whose fund gained a stratospheric 238 pc last year Catherine Ong JARDINE Fleming Malaysian Trust gained a stratospheric 238.2 per cent last year. Charlotte Yew, a 29-year-old Singaporean, managed it. In fact, Ms Yew's was the best Asian727 words
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Article, Illustration724 1994-03-05 21 Shiv Taneja - if you invest in the Desaru Perdana Beach Resort in Johor, reports Shiv Taneja Shiv Taneja IF YOU are on the lookout for an investment opportunity that is slightly off the beaten track, the Desaru Perdana Beach Resort, a holiday destination724 words
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Article, Illustration962 1994-03-05 21 Schutz Lee - Schutz Lee reports on the bullishness in Chinese stocks Schutz Lee THIS year will be the year of the B shares, particularly those listed on the Shanghai Stock Exchange. although H share listings in Hongkong and New York962 words
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Article, Illustration482 1994-03-05 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index for February fell to 240.29, its lowest level since BT first published the monthly index in November 1991. The index's 0.96-point fall from January's 241.25 means that the index482 words
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CINEMA
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Article, Illustration838 1994-03-05 22 SUSAN TSANG - A look at two movies which are contending for top honours, including the Oscar for Best Picture, at this year's Academy Awards By SUSAN TSANG IT SOUNDS like a recipe for disaster. Take Steven Spielberg, take away the monsters, and let him shoot a three-hour film in black838 words
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Article, Illustration847 1994-03-05 22 JAIME EE - By JAIME EE THE FIRST thing to get straight about In The Name Of The Father is that Gerry Conlon, wrongfully accused of an IRA bombing that killed several people in Guildford in 1974, is no hero. Not by a long shot. For one, he doesn't deserve a847 words
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TIME OFF
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Article77 1994-03-05 23 Las MiseraMes Produced by Cameron Mackintosh, the world's most popular musical lands on our shores Victor Hugo's masterpiece about a man's long struggle against persecution and spiritual redemption is set against a student uprising in Paris. Till Apr 17, 7.30pm nightly except Mondays. Weekend matinee shows at 1.30pm. Kallang77 words
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Article190 1994-03-05 23 The NAC hosts this festival which involves performances by various groups and schools. Tickets are available from the Substation, Centrepoint and Tangs. Till Mar 31. Babble 1 This performance comprises story-telling by personalities ie, famous persons skits by various ethnic groups, street performances plus the sale of190 words
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328 1994-03-05 23 The United World College will be holding its annual festival with dance, drama and good oT rock and roll concerts. Also in store are exhibitions that feature the works of the students in paints and photography. Till Mar 22, at the United World College328 words
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Article345 1994-03-05 23 All Evening with Shirley Bassey The lady who shot to fame with songs like Goldfinger, Never Never Never and Kiss Me Honey Honey Kiss Me, will be here for a one night concert. Mar 8, Bpm at the Harbour Pavilion. Tickets at $40. $60, $80 and $100 available from345 words
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Article190 1994-03-05 23 A week of films from Israel featuring some critically acclaimed movies. Tickets for the following movies are at $4 for Film Society members and $6 for non-members and are available from the Raffles Hotel, the Singapore Film Society Screening, Embassy of Israel and at the door. All190 words
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Article, Illustration135 1994-03-05 23 The Great American Adventure Experience the wonders of the US through three filmlets. Showtimes: 11am: Hidden Hawaii: 12pm: Niagara Miracles, Myths and Magic: lpm: Grand Canyon The Hidden Secrets: 2pm: Hidden Hawaii: 4pm: Niagara: spm: Grand Canyon: 7pm: Hidden Hawaii and Bpm: Niagara. At the Singapore Science Centre's Omni135 words
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Article699 1994-03-05 23 How to Complete Your Income Tax Form and the GST A must for all who have not fully grasped the possible enormity of the consequences of incorrectly filling in your tax forms. Also gives a better view of what we can expect when the GST comes into699 words
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Article252 1994-03-05 23 A Better World For Our ChHdren This concert will feature new original Chinese songs by local composers. Presented by the Music Artificer Brewing Factory. Today. 7.30pm at the Guinness Theatre. Tickets at 56. Delia Prvacki This Romanian artist who has been living in Singapore for the last252 words
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Article44 1994-03-05 23 V*ay|«> BV« 4 Toting r6op§€ s ineatre ixh Wanted: A female dancer to perform in various costumes and head sets from March 15-17. Workshop-cum-audition will be held. Mar 14. 10am at the Drama Centre. Call Mimi or Philip at 270-0722 for more details.44 words
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Article129 1994-03-05 23 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum Galleria. Liang Court. Raffles City. Scotts. Specialists' Centre, Takashimaya, Cold Storage at Jelita, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929. If129 words
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Article, Illustration657 1994-03-05 23 Corinne Kerk - Corinne Kerk goes from work to Zouk on Wednesday night and grooves into the wee hours of Thursday morning Corinne Kerk WEDNESDAYS are Mambo Jambo nights at Zouk's. "Mambo what?" you ask. After all. Zouk is better known for its house-music, the deep, heavy, throbbingPhoto by Arthur Lee - 657 words
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PEOPLE
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Article, Illustration161 1994-03-05 24 THE LARGEST single investment by foreign investors took off last Tuesday. The signing ceremony held at the Shangri-La Hotel sealed a 53.4 billion project between five partners to double existing capacity and develop a wider range of products at Singapore's petrochemical complex. The Economic DevelopmentPhotos by Arthur Lee - 161 words
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Article, Illustration161 1994-03-05 24 DEVELOPERS and property consultants of leading property firms turned up in force recently at the Real Estate Developers' Association (Redas) Lunar New Year gathering on Feb 18. Gracing the event was the guest-of-honour, Acting National Development Minister Lim Hng Kiang who mingled with members of161 words
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SPORTS
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Article, Illustration524 1994-03-05 25 Golf AP MIAMI Old pros Ray Floyd and Jim Thorpe mastered winds of 65 kph on Thursday with a pair of 68s to share the first-round lead in the US$l.4 million (552.2 million) Doral-Ryder Open. "I did the thingsAP - 524 words
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Article, Illustration820 1994-03-05 25 Kevin Sullivan - Kevin Sullivan walked around Singapore. The 10-stage, 150 km journey turned out to be effective as an aerobic exercise and produced more than a few surprises Kevin Sullivan SINGAPORE Circumambulating Singapore is not in the same league as walking, say, from the southern tip820 words
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Article, Illustration815 1994-03-05 25 Reuter NEW YORK Athletes fresh from winning Olympic medals have their proverbial 15 minutes of fame to cash in on the advertising gold. But they have to play the endorsement game with as much agility and skill asReuter - 815 words
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479 1994-03-05 25 AP AFP ORLANDO, Florida The wind howled and the scores of an elite field at the LPGA Tournament of Champions soared on Thursday. Betsy King's 71 was the only sub-par score of the day and her 36-hole total of one-under 143 wasAP; AFP - 479 words
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SIDE LINES
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96 1994-03-05 25 AFP TOKYO World No 1 Pete Sampras will return to the Ariake Coliseum in defence of his singles' title in the star-studded US$l.2l million (551.92 million) Japan Open tennis tournament next month. The 22-year-old American, winner of three consecutive Grand Slam events Wimbledon, theAFP - 96 words
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72 1994-03-05 25 Reuter TORREVIEJA. Spain Antonio Garrido rolled back the years to lead the Mediterranean Open after a first round six-under-par 66 on Thursday. The 50-year-old's name on the leaderboard came as such a surprise to fellow countryman Seve Ballesteros that he thought Garrido's son Ignacio was theReuter - 72 words
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Article89 1994-03-05 25 AFP DETROIT, Michigan Former Formula-One and Indy-car champion Mario Andretti, preparing for his final season as a race driver, said on Thursday he would probably stay in the sport as an owner. "Racing has been my life," said the 54-year-old driver, adding: "I can't just walk awayAFP - 89 words
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Article85 1994-03-05 25 AFP NAIROBI United Arab Emirates (UAE) shocked the Netherlands here on Thursday to earn an ICC Trophy final berth. Making its debut in the 20-nation tournament, UAE, who gained ICC associate membership last July, beat the fancied Dutch by six wickets in the semi-final andAFP - 85 words
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SCORE CARD
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Article, Illustration31 1994-03-05 25 Reuter NEW YORK NBA on Thursday: Cleveland 95 Philadelphia 87; New York 97 New Jersey 86; Washington 98 Atlanta 109; Dallas 94 Orlando 107; Golden State 120 Phoenix 107. ReuterReuter - 31 words
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Article, Illustration250 1994-03-05 25 Reuter Reuter SINGAPORE Rolex Masters leading scores after yesterday's third round at the Singapore Island Country Club, (Singaporean unless stated): 205 A Norris (US) 70-68-67 207 M Ramayah (Mai) 68-69-70 208 Samson Gimson 70-68-70, D Zarate (Phi) 71-69-68 211 M Siodina (Phi) 69-70-72 213 Mardan Mamat (amateur) 71-72-70, DReuter - 250 words
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Article, Illustration35 1994-03-05 25 Reuter NEW YORK NHL on Thursday: Boston 6 Los Angeles 4; Tampa Bay 4 New Jersey 5 (OT); Chicago 4 Calgary 2; St Louis 0 Vancouver 4; San Jose 4 Edmonton 2. ReuterReuter - 35 words
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Article, Illustration195 1994-03-05 25 AFP Reuter INDIAN WELLS, California US$l.7 million ATP event 3rd round on Thursday: Darren Cahill (Aust) b Marc Rosset (Swi) 6-4 5-7 7-6 (7/5); Carlos Costa (Spn) b Patrick Rafter (Aust) 4-6 6-4 7-5; Petr Korda (Cze) b Todd Martin (US x 7) 6-4 3-6 6-2; Stefan Edberg (SweAFP; Reuter - 195 words
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EPICURE
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Article, Illustration785 1994-03-05 26 JAIME EE - Bon Appetit By JAIME EE A FRIEND first told us about American Chili's Grill and Bar, a new place that had taken over the coffee house at the Orchard Parade Hotel. We'd read about it as some business venture between the Wywy group and Singapore Technologies, but785 words
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Article, Illustration648 1994-03-05 26 JAIME EE - By JAIME EE OKAY, so who is this Liana woman that the Oriental Hotel has named its new bistro after? Is she some pan-wielding tyrant of the kitchen who would rather die than let a diner ask for ketchup? Is she some world famous threeMichelin star chef648 words
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Article, Illustration766 1994-03-05 26 N K YONG - Wine By N K YONG ANTHONY Barton is an engaging person to meet, disarmingly frank and open, and refreshingly direct. He does not beat around the bush. Owner of two of Bordeaux's finest wine properties. Chateau Leoville-Barton and Chateau Lan-goa-Barton, he is an eighth generation766 words
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Article, Illustration1031 1994-03-05 28 Attack Of The SO FMt Woman. Darryl Hannah has to smile at her cheating husband until she gets abducted and returned by UFOs. She finds that the madder she gets, the larger she grows, and uses it for revenge. Midnight tonight at Lido, Capitol. Jurong, Savoy. Changi. I lam1,031 words
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Page 17 Advertisements
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Advertisement177 1994-03-05 17 lEHDIUE ix.-^j^Ecy^ss^S'f CALL, TOLL-FREC Q2QE-OBQ SSBO j| HOMO LBOW WWAWCB k BBBD-BSB BBBS k lIHQAPQRE FINANCE m W b J (<UB" f>oA (> p /\X?";; r/*••• Available exrluuvclv SINGAPORE: BurtMrryi Main Shop: 4» Orchard Road. »<«M2/4S/44, Wisnu Atru. Singapore (*2S. Tel: 755 7115 591 Orchard Road. *0110 TaJuihimaya Shopping Centre.177 words
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Page 18 Advertisements
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Advertisement68 1994-03-05 18 I DELUXE EASTERN WATCH I she I IT CEHTREPOINT I H XM I DOH'T IE I ATE I From March 4-6, save up to 60% on brand name watches at the first-ever Deluxe Eastern Watch sale at Centrepoint. Your favourite brands are available straight from the showcase at very special68 words
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Page 18 Miscellaneous
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Miscellaneous108 1994-03-05 18 iu it TILL I/ eves HCS deep ;N;\ PkBOuT LATeR... t UXXJLDN'T I TMOUGHT HiS ISA 1/ TO DISTURB A &LArt< J uoho ts v 1 r ™*!iTJ N cX) (f Oi cPr^ y7\ ferA distort J \XJI NDU 11. H#WC TO SREA< VJP A I Lru J I D108 words
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Page 19 Advertisements
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Advertisement17 1994-03-05 19 C\spß| PORT SHOTS at6StSea f oo 3nC ranS X>rtat on I < V\sMUMUK't r 1 BusmessDmes II murnmasm17 words
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Page 22 Advertisements
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Advertisement214 1994-03-05 22 BUSINESS TIMES/SUNVIC PRODUCTIONS JOINT PROMOTION 26 28 FEBRUARY 1994 RESULTS Congratulations to the following readers who won a pair of $100 tickets each for the Shirley Bassey Concert on March 8 at 8.00 pm at Harbour Pavilion, World Trade Centre: Advani T A I/C: *****81 C AngC K James J/C:214 words
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Page 23 Advertisements
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Advertisement88 1994-03-05 23 mmm ML MHV 58Bgfe_ SHL.IHHK_ goes on a house hunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. From that, you'll have view Get your MARCH issue now88 words
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Page 24 Advertisements
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Advertisement468 1994-03-05 24 A M ADE us ioo AMA D S JOO < hrono>;r.ipli with .Hitmn.itk miiMMknt. n 1111 l Aim s tccl .intl t.i\c .intl hr.Kvlct. Suvl .mil .iiul hr.uvlct. RAYMOND WLI L_ "ith shielded crown. v Scr.itch-rcsiM.uits.ipphirccrNst.il. GENEVE NX .ltcr-rcsist.int to SC metres. .ltcr-resist.int to SC metres. where time is creation468 words
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Page 25 Advertisements
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Advertisement52 1994-03-05 25 ADVERTISEMENT Bnsmegmmes/KFNWQQD GOLFING TIPS Bv BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of S.P.GA,s Dip in Gott Management flf, when you enter a bunker, your feet sink,say two inches, make sure you grip down the club in order to maintain your from you to 'bury' the r—|»j| ball in the52 words
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Page 26 Advertisements
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Advertisement63 1994-03-05 26 To mart (hit auspicious occasion. we ace ottering our jKT~ V lea buffet al rock bottom prices vet a year ago with nothing less > x A than the best? fnfoy the sumptuous spread of aftei noon tea delicacies over a cup of freshly brewed coMreandtea Saturday* Sunday* ....^^fcj Hme:63 words
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Page 27 Advertisements
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Advertisement1185 1994-03-05 27 wa Nothing Beats <•"« to dine and entertain OP GENUINE TASTE OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert. Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BLK1,185 words
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Page 28 Miscellaneous
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Miscellaneous2537 1994-03-05 28 TODAY'S TV contact 900 6044 Morning Malaylia other dregs of soci- 10.00 Children's Club. The Searchers, 2pm, SBC 5 Superstars Of Action, 4.30pm, /f 1100 Hey Geed Cooking. u r- j, cor 5 6.00 Movie Magic (Last '1 11.30 PtrkaJminan (M). John Ford s classic sBt 5 Qu r Choice)2,537 words
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