The Business Times, 7 February 1995
1995-02-07
1
44
https://www.nlb.gov.sg
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The Business Times
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Title Section12 1995-02-07 1 BUSINESS TIMES WE KNOW ASIA MITA(P) 194/12/94 Tuesday February 7 1995 85*12 words
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2am LATEST
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Article69 1995-02-07 1 Reuter NEW YORK Blue-chip stocks edged higher yesterday in what some analysts called an impressive follow-through to Friday's explosive rally. The Dow Jones index was up 3.03 points to 3,931.67 at Ipm EST, adding to its surge of nearly 58 points before the weekend. Advancing issuesReuter - 69 words
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Article37 1995-02-07 1 Reuter WASHINGTON White House economic adviser Laura Tyson yesterday said the administration budget forecast that the economy would achieve a soft landing, moving from a very strong level to a sustainable pace. ReuterReuter - 37 words
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209 1995-02-07 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG NEWS reports suggesting that the US and China were on the brink of resuming talks to avert a trade war, and expectations that US interest rates have peaked sent Hongkong stocks soaring yesterday. The209 words
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Article165 1995-02-07 1 Stock market indices Monday Change STII 2,124.89 +14.65 KLSE Comp 971.96 44.70 Nikkei 18.667.23 +128.26 Hang Seng 7.897.80 +418.88 SET Index 1.330.42 +52.35 Jakarta Comp 453.14 +7.76 CLSA China B 805.31 -6.09 Aust All Otd 1.862.9 +15.2 FTSE 100 3.062.0 +2.3 Moaday Previoas I pm EST close Dow165 words
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Article, Illustration356 1995-02-07 1 R Sivanithy - By R Sivanithy SINGAPORE Foreign institutional funds returned to regional markets with a vengeance yesterday, providing hefty gains ranging from under one per cent here to almost 5 per cent in Malaysia. The funds, largely responsible for the sharp declines seen in regionalSource: Bridge Info - 356 words
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564 1995-02-07 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The Monetary Authority of Singapore has announced waivers to its latest guidelines to check the sharp increases in unsecured personal loans and car loans over the past year. In response to feedback from financial institutions564 words
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381 1995-02-07 1 SINGAPORE Bank stocks held their own yesterday in the face of measures imposed by the Monetary Authority of Singapore to curb unsecured lending. But the shares of car distributors and finance companies did not fare so well. After first dropping381 words
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377 1995-02-07 1 Lee Han Shih - By Lee Han Shih SINGAPORE Two more key figures yesterday quit Singapore's biggest property consultant firm Jones Lang Wootton (S), just two weeks after the surprise resignation of its long-time head Edmund Tic. The resignation of executive directors Yam Kah Heng and377 words
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Article, Illustration440 1995-02-07 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The Royal Brothers group is tapping the capital markets with a difference. It is raising $85 million from what is believed to be the first bond issue in Singapore that is linked to a440 words
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Page 1 Advertisements
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Advertisement222 1995-02-07 1 m\ PREVENTS SWEATY PALMS! 13 IT REALLY WORKS! Available at phannacies and supermarkets News CopMht S-pore News 2 S-pwHfsa .17.18.19 Sftoal News 3,4,6 Francal 20.21 Wbrid News 7.8 Ftibnt NUrhets Arafyss 15 Qob/KiSt, SES 24-26 Edtond 14 fe&onal 22 Sports 11 World 23 IV/Lrfeslyte 13 Currenaes 20 Prapaty 10 Sww/Commo222 words
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Advertisement16 1995-02-07 1 Property: Pg 10 UK retail scene's humming Kenichi Ohmae to run for Tokyo governorship, Pg 1616 words
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Advertisement42 1995-02-07 1 Hock Lock Siew: Pg 17 fcj RECEIV |9J 7 FEB 1 Big boys get an edge in F^banking^ MORE REPORTS, Pg t Speculators of club memberships will face squeeze Car loan agents change lending terms Weekend windfall for car distributors, finance firms42 words
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Advertisement136 1995-02-07 1 PREVENTS SWEATY j SMELLY FEET! i(r CC 0 T FEU fEBT TtII I 4L IT REALLY 1 WORKS! Available al pharmacies and supermarkets Za Bottom Line: Pg 16 J2) US-China shadowboxing Regional markets, Pgs 22-26 Clinton administration factoring in more rate hikes, Pg 16 >•. -u-, am mm I THREE136 words
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SINGAPORE NEWS
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EYE on the ECONOMY
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Article, Illustration295 1995-02-07 2 Corinne Kerk - By Corinne Kerk EATING OUT was more popular in November last year, after a fall in October. In volume terms, the Catering Trade Index for that month shows business activity edged up 0.2 per cent year on year after a 2.4 per cent fall inSource: Dept of Statistics - 295 words
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162 1995-02-07 2 THE Public Utilities Board (PUB) yesterday announced that Brigadier-General (NS) Boey Tak Hap has taken over from Lee Yong Siang as the board's chief executive. Mr Lee, who had been PUB's chief executive since December 1979, retired on Sunday. Brig-Gen Boey assumed his162 words
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266 1995-02-07 2 LEADING local machine tool manufacturer Excel Machine Tools Pte Ltd yesterday signed a deal in Budapest to buy Hungary's largest machine tools company, Csepel F&K Szerszamgepgyatto RT. for US$3 million (554.38 million). The signing was witnessed by the Hungarian Minister of Trade266 words
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Article, Illustration416 1995-02-07 2 Claire Leow - By Claire Leow SGS-THOMSON Microelectronics Asia-Pacific will pump $45 million into semiconductor research in Singapore over the next five years, said president and chief executive officer Pasquale Pistorio yesterday. The French-Italian semiconductor company will design digital signal processors and refine manufacturing techniques; integrate siliconPhoto by Chris Loh - 416 words
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Article, Illustration374 1995-02-07 2 THE trade body of developers in Singapore has for the first time elected a Member of Parliament to represent their interests for the next two years. The Real Estate Developers' Association of Singapore (Redas) yesterday said Heng Chiang Meng was374 words
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477 1995-02-07 2 Shahiron Sahari - MAS credit curbs By Shahiron Sahari THE Monetary Authority of Singapore's strict new rules on unsecured personal loans will lead to greater stability in golf and country club membership prices. While the majority of golf dealers, club managers and banks interviewed477 words
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Article, Illustration233 1995-02-07 2 Michelle Low - By Michelle Low CAR LOAN agents contacted by BT yesterday said they had changed their loan terms according to the Monetary Authority of Singapore's new ruling, which came into effect yesterday. The new terms are 70 per cent of the car value, including COE,233 words
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491 1995-02-07 2 Ramesh Divyanathan - By Ramesh Divyanathan CAR distributors and finance companies seem to have enjoyed a windfall over the weekend as some car buyers brought forward their decision to own a car in the face of new curbs on car loans, which took effect yesterday. Few people491 words
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400 1995-02-07 2 SINGAPORE'S maximum car loan quantum is now more stringent than those prevailing in several countries in the Asian region. But the loan maturity is still much longer here. Local financial institutions are now limited to extending loans of up400 words
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Page 2 Advertisements
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Advertisement91 1995-02-07 2 I specialise in selling private properties quickly... any size, B|p|^l any shape. I have a track record of transactions even the ■OH big boys will be proud of. My success story couldn'f be better told 136 properties in 12 months, all sold! If going with a top Producer is not91 words
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SOUTH-EAST ASIA
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Article, Illustration454 1995-02-07 3 Yang Razali Kassim - By Yang Razali Kassim SINGAPORE The current trade row between the United States and China over intellectual property rights (IPR) could spread to other parts of Asia. If the US pursues consistently its policy of trade reprisals for IPR violations, severalSource: Business Software Alliance - 454 words
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307 1995-02-07 3 Leslie Lopez - From Leslie Lopez in JAKARTA THE Indonesian government has finally opted for a multi-billion-dollar subway network over a light rail system to ease Jakarta's traffic woes after years of haggling. Transport Minister Harianto Dhanutirto told a parliamentary committee that construction work on307 words
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Article, Illustration387 1995-02-07 3 Chuang Peck Ming - Byi Chuang Peck Ming SINGAPORE Singapore and Hongkong are the only emerging economies that have achieved true "emerging" status, according to a restructuring success index which Lon-don-based Independent Strategy has devised in the aftermath of the Mexican crisis. Singapore isSource: Independent Strategy - 387 words
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NOTE BOOK
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Article99 1995-02-07 3 Bernama Bloomberg Business News JOHOR BARU Continuous rain over the past three days has worsened the flood situation in Johor and more people have been evacuated from their homes. A spokesman of the Johor Flood Operations Room yesterday said about 1,246 people from five districts in JohorBernama; Bloomberg Business News - 99 words
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Article62 1995-02-07 3 Knight-Ridder BANGKOK The Bank of Thailand may hike the rate at which it lends to local commercial banks from the current 9.5 per cent. The Thailand Times newspaper yesterday quoted bank governor Vijit Supinit as saying the hike in the so-called "bank rate" wouldKnight-Ridder - 62 words
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Article82 1995-02-07 3 AFP CANBERRA Cambodia expects to be granted observer status in the Association of South-east Asian Nations this year as a precursor to full membership, Cambodian Finance Minister Keat Chhon said yesterday. The six-member Asean insists on accession to the Treaty of Amity and Cooperation beforeAFP - 82 words
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Article57 1995-02-07 3 AFP MANILA Korean Electric Power Co (Kepco), the national power company of South Korea, has won a contract to rehabilitate and operate a 650-megawatt power plant in the Philippines. The state-owned National Power Corp (NPC) awarded the reha-bilitate-operate-maintain (ROM) contract to Kepco after it submittedAFP - 57 words
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179 1995-02-07 3 AP PHUKET, Thailand The government of Prime Minister Chuan Leekpai is being rocked by trouble on this tropical resort isle, where a dozen wealthy families have ended up with land meant for impoverished farmers. Mr Chuan's Democrat Party sponsored the nationwide programme underAP - 179 words
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Page 3 Advertisements
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Advertisement197 1995-02-07 3 Right time for Jakarta mass transit system, Shipping Times, Pg 13 Ah Nippon Ami/ays Japan's best to the world. flwPjWMf Simply because every ANA flight complimentary vouchers which you restaurants specially selected for their divine cuisines. r IWM Here's works: One Super a following restaurants: Travel in ANA's new ,y-197 words
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CHINA/HONGKONG/TAIWAN
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520 1995-02-07 4 The Sino-US trade war Reuter SHANGHAI Most listed enterprises in China are shrugging off the threat of massive US trade sanctions on a wide range of goods, as increasing diversification and strong domestic sales could temper any loss in American business. Careful toReuter - 520 words
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Article, Illustration349 1995-02-07 4 AFP TAIPEI Taiwan will open its market to more imports of semi-finished products from China to minimise the impact of a trade war between Beijing and Washington, economic officials said yesterday. Taipei's plan to further liberalise imports would help about 20.000 Taiwanese investors inAFP - 349 words
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Article228 1995-02-07 4 Reuter TOKYO For once. Japan is sitting on the sidelines as an Asian trade war looms with the United States. Japanese officials yesterday said they hoped for a speedy settlement to Washington's dispute with Beijing over copyright protection, partly to avoid a nasty row aheadReuter - 228 words
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412 1995-02-07 4 Schutz Lee - By Schutz Lee SINGAPORE China will rank sixth or seventh among trading nations by the year 2000, accounting for 3.3 per cent of world trade, a group of Chinese trade experts says. This is based on forecast growth of412 words
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CHINA WATCH
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93 1995-02-07 4 Bloomberg Business News BEIJING China's computer market will expand 40 per cent this year, matching a growth rate it has maintained since 1990, the official Economic Daily said. The paper said total sales in tbe industry last year reached 40 billion yuan (556.9Bloomberg Business News - 93 words
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Article114 1995-02-07 4 Knight-Ridder HONGKONG China's gross domestic product growth will be 9 per cent in 1995 as the government gains control of investment growth and credit expansion. Salomon Brothers Hongkong Ltd chief regional economist Andrew Freris said in a report released yesterday. Inflation in urban areasKnight-Ridder - 114 words
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112 1995-02-07 4 AFP TAIPEI The Taiwanese government agreed yesterday to let an unofficial body represent the island in an aviation agreement with Hongkong, which is worried about China's objections to official relations with Taipei. Tsai Ching-ven, director of the Civil Aeronautics Administration (CAA), told reportersAFP - 112 words
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107 1995-02-07 4 Bloomberg Business News HONGKONG The Chinese government plans to improve its asset appraisal system this year, the official China Daily said. China s state-owned companies need to carefully evaluate their assets when they becomc more market-oriented companies, according to Chen Si, an official at China'sBloomberg Business News - 107 words
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Page 4 Advertisements
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Advertisement1003 1995-02-07 4 CREATIVE CREATIVE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) The directors wish to announce the following: 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENOED 31 DECEMBER 1994 GROUP COMPANY 31.12.94 31 12.93 ♦<-) 31 1294 31 1293 SS'OOO Ssooo SS'OOO SSOOO Turnover 949.306 474.853 100 904.477 367.207 146 Operating1,003 words
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Page 5 Advertisements
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Advertisement335 1995-02-07 5 BREITLING 1884 |H CHRONOMAT t Close cooperation with pilots and aviation experts enables Breitling to continue '^%i^Aimproving its chronograph designs all the time. The Chronomat features a self-winding mechanical movement, a rotating jo s^wßF* 71 bezel and a screw-locked crown. This instrument is water-resistant down to 100 meters. INSTRUMENTS FOR335 words
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REST OF ASIA
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419 1995-02-07 6 Reuter AFP BOMBAY India's central bank indirectly stepped into the country's election campaign yesterday, warning that states risk being swamped by debt if they go on spending more than they earn. With political parties vying to outgun each other with populist promisesReuter; AFP - 419 words
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Article, Illustration287 1995-02-07 6 Reuter WAITANGI. New Zealand The New Zealand Hag was trampled and a Maori warrior spat at the feet of royal and government representatives yesterday in a sour eommemoration of the 1840 treaty which established British sovereignty. Scuffles with police broke out after a formalReuter - 287 words
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248 1995-02-07 6 Reuter TOKYO Japan will propose that simplified handling of cross-border trade among Apec members be a priority for debate when it hosts the group's summit in November. An official at the Ministry of International Trade and Industry (Miti) yesterday said TokyoReuter - 248 words
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ASIA NOTES
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80 1995-02-07 6 AP NEW DELHI India is seeking Japanese assistance to fund a USSI billion (551.45 billion) mass transit system to ease New Delhi's increasing traffic congestion by introducing underground and surface railroad and dedicated busways. A delegation from the Japanese Organisation for Economic Cooperation was scheduledAP - 80 words
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Article82 1995-02-07 6 Reuter WELLINGTON A large earthquake shook the central part of New Zealand's North Island yesterday, but there was only very minor damage, police and seismologists said. The tremor was centred off New Zealand's east coast and was felt in Auckland in the north and ChristchurchReuter - 82 words
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Article55 1995-02-07 6 AFP COLOMBO Sri Lanka's imports from India jumped to US$4O4 million (SSSBB million) last year from US$343 million in 1993, while exports recorded only a marginal increase, provisional figures showed. The trade gap widened despite a 5 per cent increase of exports to India toAFP - 55 words
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Article101 1995-02-07 6 AFP SYDNEY Australian employment continued to rise in January but at a slower pace than 1994, according to the ANZ Bank job advertisement survey released yesterday. In trend terms, the series rose by 0.5 per cent in the month, after rising 0.9 per cent in December.AFP - 101 words
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Page 6 Advertisements
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Advertisement561 1995-02-07 6 THIS CAR CAN HANDLE ANYTHING. EVEN CRITICISM. Since the Discovery was years individual side to side temperature controls have been introduced. a o°> has P r <>ven itself by conquering the The steering column is now tilt adjustable. the best 4x4xfar world's toughest terrains, by beating all rivals o§m BTo561 words
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Advertisement114 1995-02-07 6 |rrr»a #1 OFFSHORE I W#V\ COMPANY SPEOAUSTSI With a worldwide team of 125 multi-disciplined I professionals and a network of international I offices, OCRA provides confidential and cost effective company formation in all the major low I tax areas including: H BRITISH VIRGIN ISLANDS BAHAMAS IRELAND I WESTERN SAMOA MAURITIUS114 words
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THE WORLD
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Article, Illustration527 1995-02-07 7 President denies political conditions attached to emergency economic plan Reuter MEXICO CITY Mexican President Ernesto Zedillo said on Sunday there are no secret political or economic conditions attached to the multibillion dollar international aid package to end Mexico's financial crisis. "I wantReuter - 527 words
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239 1995-02-07 7 Bloomberg Business News TOKYO International financial authorities hope the Bank of Japan will extend about US$3 billion (554.3 billion) to the bailout plan for Mexico through the International Bank for Settlement, up from an initial US$l billion, the Sihon Keizai newspaper yesterdayBloomberg Business News - 239 words
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WORLD WATCH
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99 1995-02-07 7 AFP JERUSALEM US Commerce Secretary Ron Brown and Israeli Energy Minister Goncn Segev reached a cooperation agreement yesterday allowing American power companies to enter the Israeli market, officials said. Under the deal, American companies would be able to take a share ofAFP - 99 words
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74 1995-02-07 7 FT LONDON Russia's parliament is set to consider the country's first private pensions system in new legislation expected to be introduced within a fortnight. The measure, awaiting its first reading in the Duma, the Lower House of the Russian parliament, will provide the firstFT - 74 words
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92 1995-02-07 7 Reuter LONDON The UK economy is enjoying its best performance in three decades but the challenge this year is for the authorities to ensure sustained growth without re-igniting inflation, a London Business School survey said. It noted that growth in 1994 was now estimatedReuter - 92 words
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105 1995-02-07 7 Reuter LONDON Britain's ruling Conservative party is considering sacking up to a quarter of its staff to avert a financial crisis threatening its chances of winning the next general election, the Independent newspaper said yesterday. Torn by deep internal rifts over European policyReuter - 105 words
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228 1995-02-07 7 AFP MOSCOW The International Monetary Fund will not grant Russia a loan of USS6.4 billion (559.3 billion). However. Finance Minister Vladimir Panskov yesterday stressed that he remained committed to a tough line on the budget and the deficit. The USS6.4 billion expected inAFP - 228 words
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355 1995-02-07 7 Reuter MOSCOW Dark clouds are gathering over the smart new offices of Western investors by the Kremlin's golden domes amid fears of a clampdown on capital flows and reports of share-tampering by company managers hostile to foreigners. Western bankers and fund managers yesterdayReuter - 355 words
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369 1995-02-07 7 Reuter BRUSSELS Abuse of antidumping measures in world trade could be "enormously damaging" and would hit hardest those misusing them. World Trade Organisation chief Peter Sutherland said yesterday. "The abuse of the development of anti-dumping rules could be an enormously damaging development in termsReuter - 369 words
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Article, Illustration447 1995-02-07 7 Reuter ABU DHABI US Commerce Secretary Ron Brown, whose triumphant tour of India locked up big contracts for US firms, arrives with a trade mission in the United Arab Emirates on Thursday Mr Brown, touring the Middle East with aReuter - 447 words
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168 1995-02-07 7 Reuter PARIS Franco faccs an uphill struggle persuading its major partners. Germany and Britain, to increase a European Union Development Fund (EDF) for 70 African, Caribbean and Pacific (AC'P) countries. diplomats and analysts say. EU foreign ministers were to debate theReuter - 168 words
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616 1995-02-07 8 Reuter WASHINGTON Federal Reserve chairman Alan Greenspan and his colleagues arc betting that by doubling interest rates the past year they can slow the economy to a more sustainable pace without toppling it into recession. There's just one hitch. While manyReuter - 616 words
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429 1995-02-07 8 Reuter WASHINGTON Top congressional Republicans said they would consider backing a minimum wage increase if President Bill Clinton agreed to back a cut in the capital gains tax. Senate Majority leader Bob Dole said he had a lot of doubts about Mr Clinton's proposedReuter - 429 words
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Article, Illustration52 1995-02-07 8 Reuter AGUAS VERDES, Peru Kcuadorean and Peruvian (left) vendors trafficking illegal products on Sunday across the Internacional canal, the border between the two countries. The bridge has been closed for security reasons but one vendor died by mine explosion as he attempted to cross theReuter - 52 words
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232 1995-02-07 8 Reuter TORONTO Canadian Finance Minister Paul Martin plans to deliver a tough new budget that will hit virtually every spending programme, completely overhauling the way the federal government operates. "Everything is on the table absolutely everything," Mr Martin said in anReuter - 232 words
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225 1995-02-07 8 AP BRUSSELS Britain's allies in Europe are losing faith in John Major and are waiting for a new UK government to agree on the next phase of European integration, say diplomats in Brussels. The consensus is that divisions within the rulingAP - 225 words
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Page 7 Advertisements
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Advertisement0 1995-02-07 7 .,$~\/$[/%>=[$,!?[;:\{@,({`.);~0 words
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Advertisement198 1995-02-07 7 /HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, to stay successful in business, one has to he highly competitive.That means having the right image, up- to- date office equipment and full time experienced staff, yet keeping low overheads Here at World Wide Business Centre Pie Ltd. we198 words
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Page 8 Advertisements
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Advertisement79 1995-02-07 8 Prime Asset To Better Business 32 Ang Mo Kio Industrial Park 2 7-storey warehouse and flatted factory Prime location: close proximity to MRT, with easy access to CTE •Land area: 107,445.35 sq ft Tenure: 60yrs w.e.f. 18/10/1982 Floor area: 1195 sq ft to 2874 sq ft per unit Ample lorry79 words
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Advertisement153 1995-02-07 8 I A Message To Oil Sheiks I 1 Tycoons And Heiresses. I I Your Ship Has Come In. 1 eg A> you cruise through tropical azure waters Guests barely outnumbering the impeccably j||| on ol Asia* ultimate luxury ship* supping on discreet staff BBlMferr: ff'"• caviar and sipping on the153 words
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Advertisement53 1995-02-07 9 t» v r *J ii* Mmtlm* Jf WiF jjp 1* JH jfiBMUTT iwFi u <JHi^b«,^ ,*JL Jv I J W V I yl?;" f-'*'*'" 1 f i. h I V y t> I 4B m B iiri.jH >1 W tJ- Ife c BL l^qßUHhjffisys&gyflWlWM^MK^^M^M^^M^^^^^^MMßl^Wli^Wli^y^3WpPfwj *vsr- K J BjWSfcMli fcrrr'-l T53 words
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PROPERTY & CONSTRUCTION
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Article, Illustration417 1995-02-07 10 Knight-Ridder HONGKONG'S property slump has hampered sales in the government's programme to encourage home ownership among low-income families. The English-language South China Morning Post yesterday said almost one-quarter of the 8.168 flats that went on sale in November under the Home OwnershipKnight-Ridder - 417 words
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182 1995-02-07 10 Reuter GOHHOCH. a Malaysian company, plans to build a US$lOO million (SSI46 million) resort complex near Halong Bay, a popular tourist draw in northern Vietnam, according to the official 1 Vietnam News Agency (VNA). 1 Gohhoch and a state-owned local partner, theReuter - 182 words
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402 1995-02-07 10 Pay a fortune and live in a slum in Bombay Los Angeles Times Bombay yuppie r n Ramachandran, 30. recently bought his first apartment in the only neighbourhood he could afford the city's largest slum. "I never thought I'd be living here." said Mr Ramachandran, director of a television newsLos Angeles Times - 402 words
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908 1995-02-07 10 Analysts say investors may get their fingers burnt FT THERE is an old fund management saying that there is nothing more dangerous than a consensus. On this view, the enthusiasm of UK and overseas investors for retail property is likely to end in disappointment. WhileFT - 908 words
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Page 10 Advertisements
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Advertisement569 1995-02-07 10 aal w PRIVATE Jan 30,1995 2159 Clement] Part Condo2 T 1389 PiFH 1 720,000 1 518 Jan 30,1995 2057 Jatan Kuak Terrace 2 1500/900 !FH 783,000 870 Jan 30,1995 I 2678 BuMonPark 1238 |FH 1 860,000 695 Feb2,1996 0315 The Anchorage Condo 3+l 1604 TFH 968,000 [»3 Feb 2,19% 0512569 words
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SPORTS
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Article, Illustration823 1995-02-07 11 Golf NYT PEBBLE BEACH. California Here at the place where careers are revived, where the cold, misty air and rocky cliffs work as some sort of mystical elixir, another lost golfer returned to the Garden on Sunday. Peter Jacobsen. 40. whoNYT - 823 words
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Article, Illustration51 1995-02-07 11 Reuter ST MORITZ, Switzerland A skier holding on tightly to the reins of his horse during a race on the frozen lake of Si Moritz on Sunday. The combined sports of skiing and horse racing called skijoering are a popular winter event in the Swis? mountain resort.Reuter - 51 words
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SCORE CARD
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Article, Illustration31 1995-02-07 11 NEW YORK NBA Sunday: Phoenix 100 Houston 124: Orlando 103 NY 100 (OT): Miami 109 Seattle 136: Charlotte 111 Washington 105; Boston 115 Minnesota 82; Golden State 93 Chicago 97.31 words
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Article, Illustration287 1995-02-07 11 PEBBLE BEACH, California LSSI.4 million PGA Pebble Beach Pro-Am final round Sunday (LS unless noted): 271 Peter Jacobsen 67-73-66-65 273 David Duval 72-67-67-67 275 Kenny Perry 68-68-67-72. Davis Love 65-71-71-68 277 Payne Stewart 71-67-69-70 278 Jack Nicklaus 71-70-67-70. Guy Boros 69-66-71-72, Brad Faxon 70-64-72-72 279 Nick Faldo (Eng) 66-72-69-72.287 words
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Article, Illustration29 1995-02-07 11 NEW YORK NHL Sunday: Quebec 3 Hartford I: Vancouver 4 Chicago 9; Buffalo 2 Tampa Bay 1; New Jersey 3 Pittsburgh 3 (C)T); LA 2 Anaheim 3.29 words
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Article, Illustration454 1995-02-07 11 LONDON Davis Cup world group Ist rd Sunday In Naples: Italy b Czech Republic 4-1 (Italian names first: Andrea Gaudenzi lost to Daniel Vacek 6-7 (5-7) 4-6 6-1 6-7 (4-7); Renzo Furlan b Slava Dosedel 4-6 7-6 (7-3) 6-4 6-4; Stefano Pescosolido/Cristian Brandi b Martin Damm/Cyril Suk 6-2 1-6454 words
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Article, Illustration95 1995-02-07 11 SAN DIKGO America's Cup trials 2nd rd Sunda> Challenger series: Tag Hcucr Challenge (Chris Dickson) h Rioja de Espana (Pedro Campos) by 15 mins 4 sec: Nippon (Makota Namba) b One Australia (John Bertrand) (did not finish). Standings: I Team New Zealand 12 pts 2 equal One Australia. Tag95 words
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425 1995-02-07 11 Reuter SYDNEY Australia's richest man. Kerry Packer, has defeated fellow media tycoon Rupert Murdoch in a heavyweight fight for control of Australia's professional rugby league competition. Murdoch's News Corp had proposed setting up an Australasian "Super league", boasting 12 elite clubs, in 1996Reuter - 425 words
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485 1995-02-07 11 Reuter KUALA LUMPUR Malaysia may send 22 soccer players into internal exile for allegedly taking bribes to fix matches in the country's fledgling professional league. Bernama news agency said yesterday. Home Minister Junid Megat Ayob told reporters in the northern state ofReuter - 485 words
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SIDE LINES
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Article, Illustration63 1995-02-07 11 Reuter DAYTONA BEACH. Florida Race driver and movie actor Paul Newman smiling as he entered the victory lane with teammate Michael Brockman. (left), and other members of his racing team after they won their class in the Rolex 24 Hour road race at the Daytona InternationalReuter - 63 words
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65 1995-02-07 11 AFP KUALA LUMPUR Malaysian police battling against widespread match-fixing in soccer now plan a clampdown against illegal bookmaking and manipulation of horse-racing results, reports said yesterday. Malaysian racing has been rife with reports of horse-doping, assaults and murder attempts on jockeys for many years.AFP - 65 words
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101 1995-02-07 11 AFP PERTH Australia declared on 345 for eight, a lead of 452 over England, on the fourth day of the fifth and final Ashes Test here yesterday. Australia went off when Chris Lewis caught Shane Wame at second slip off Devon Malcom for six.AFP - 101 words
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Article56 1995-02-07 11 AFP MADEIRA ISLAND Santiago Luna's 10-year wait for a European tour victory finally ended on Sunday when he won the Madeira Island Open by four strokes here on Sunday. The 32-year-old. who had led from the first round, closed with a 70 to finish onAFP - 56 words
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Article60 1995-02-07 11 AFP ORLANDO. Florida Shaquille O'Neal overpowered Patrick Ewing here on Sunday, scoring 41 points and pulling down 15 rebounds to spark Orlando past New York 103-100 in over-time. Orlando (36-10) snapped a two-game losing skid and won their sixth over-time game in seven tries, inflicting onlyAFP - 60 words
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Article444 1995-02-07 11 Davis Cup AFP PARIS Last-minute substitute Jonas Bjoerkman kept his cool to save Davis Cup holders Sweden from a humiliating first-round defeat against Denmark here on Sunday. Bjoerkman, called into the match after Magnus Larrson caught a stomach bug. found himself two sets to one downAFP - 444 words
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Advertisement209 1995-02-07 11 BUSINESS TIMES TOLL-FREE TEL. No. 1-80Q-741-1883' FAX: 741-1298 0 01 rvCMLASPNC O 41^ Applicants are invited from suitably qualified Malaysians for the following positions:FUND MANAGER MALAYSIAN EQUITIES The Job:In this challenging position, you will be responsible for researching, evaluation and monitoring the investment of funds which are invested in listed209 words
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Advertisement1012 1995-02-07 12 Null hing Beats A Bud. HAWS WHERE to wine, dine and entertain or DAyll W SET MENU 14 fmmy 1995 ss3s.cc tC SAiMONE MAWNATO AL BASIUCO U *> Marinated Salmon with Basil Leaves Qp SPAGHETTI CARTOCCIO ALIA MARINARA I Spaghetti in •Cartoccio' with Seafood Sauce nirrn cm soguole con veuutaxa1,012 words
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Advertisement246 1995-02-07 12 Toss To 1 Prosperity Start the Year of the Golden Pig with Pine Court's Prosperity Yu Shcng. Partake in the ceremonial tossing of raw fish salad for a year of abundance, good health and prosperity. E I II on BEIJING hor reservations, please call 831 6262/6. restaurant Utuuhnn Singapore 333246 words
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LIFESTYLE
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Article, Illustration779 1995-02-07 13 Alan Riding - Alan Riding looks at the problems facing Pierre Rosenberg Alan Riding NYT Having spent 32 years at the Louvre, Pierre Rosenberg was so widely identified with the museum that his appointment as the director last October went almost unnoticed in Paris. But for Rosenberg. 58.NYT - 779 words
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CHATTER BOX
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Article, Illustration279 1995-02-07 13 Reuter Reuter Reuter BRITISFI Prime Minister John Major was once the "toyboy" lover of a divorcee 13 years his senior, Britain's racy tabloid newspapers declared yesterday. The tale of 20-year-old Major's alleged early affair with an attractive brunette credited with launching his politicalReuter - 279 words
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Page 13 Advertisements
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Advertisement506 1995-02-07 13 WHERE TO WINE, DINE AND ENTERTAIN ■<< tjnsrar ri I ILJU—'Ua English Eating House pa I 277 Orchard Rd #02-38 SpeaaJists' Centre S (0923) :pl H $2= CBD PASS! J Mm When you spend $25/- or more at Fosters for lunch 49 ■p or afternoon tea from Mon-Sat, show us506 words
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Page 13 Miscellaneous
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Miscellaneous427 1995-02-07 13 I WEATHER I WEATHEK Singapore: Cloudy with occasional ratn m the late mommg and afternoon Temperature (23-28*). fafc-PacMk M/U* Cwtf. Emfi KOV C—4. Buenos Am 29 18 Clou* Auckland 31/18 Sum Amsterdam 08A>5 Showers Chicago 01 ,'-8 Showers BangKoi. 23/16 Ctaudy Athens 05 -4 Showers Honomt 27 18 Sum) Beyng427 words
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Miscellaneous598 1995-02-07 13 TV RADIO J ia. concerned about the health What's life like for the cockatoo? Find out in services response. Earlhvisions, 9pm, Ch 12 Chflmgl 12 ger. 5.30 Mighty Mouse and 11.00 Egg vs Rock. Friends. 6.00 PM Sesame Street 11.30 Tuesday Report 6.00 Regional News 7.00 Old MacOonald's Sing-A- Chinese598 words
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Article521 1995-02-07 14 EDITORIAL FACING major opposition from lawmakers, US President Bill Clinton has shelved his plan to seek Congressional approval of US$4O billion (5558.4 billion) in loan guarantees to stabilise the Mexican peso. Bypassing Congress. Mr Clinton is extending to Mexico US$2O billion in short-term loans and loan guarantees.521 words
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WHAT THE OTHERS SAY
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Article182 1995-02-07 14 IT HAS BEEN slow and laborious, but the roadblocks arc gradually being cleared for the normalisation of ties between Vietnam and the United States. Low-key though it had been, the opening of liaison offices in Hanoi and Washington last week was a milestone event for the182 words
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Article165 1995-02-07 14 SINGAPORE'S unskilled workers must have felt the jitters when about 7,000 of their counterparts were retrenched last year. However, thanks to the tight labour market conditions, about 4,600 were absorbed before the year ended. The lesson is grim indeed unskilled or semi-skilled workers will find it an165 words
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Article126 1995-02-07 14 THERE IS NO DOUBT that piracy of intellectual property rights is rampant in China and the Clinton administration has every reason to press for action from the Chinese government. But the US tendency to resort to the threat of trade sanctions is not something126 words
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Article197 1995-02-07 14 THE VISIT to Myanmar, for private trade purposes, by former prime minister Bob Hawke has naturally aroused concern. The Foreign Minister, Senator Gareth Evans, has criticised Mr Hawke's failure to use the opportunity to press Myanmar's military rulers to free Aung San Suu Kyi from197 words
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Article152 1995-02-07 14 REBUILDING the infrastructure damaged by the Great Hanshin Earthquake is going to cost up to 10 trillion yen (S$ 145 billion), according to some reports. The government should not spare any effort to scrape together the needed money so that the victims of the152 words
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Article, Illustration982 1995-02-07 14 Ian Davidson - The space in between that's what counts What does it take for the Western model of political democracy and economic liberalism to work? Lan Davidson discusses what a US political analyst says Ian Davidson FT After the fall of the Berlin Wall and the collapse of the Soviet Union, AmericanFT - 982 words
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Page 14 Advertisements
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Advertisement228 1995-02-07 14 A growing triangle? The Riau islands-Batam,Bintan andKarimun-tookoffwith l J great fanfare five years ago ■■MM-*' along with the Growth Triangle. **3^, What s the picture now. «££#<*. ALSO IN THIS ISSUE: Interest rate hikes: What stocks will hurt? £2 I How investors buy stocks, property House Hunt: Your pulse on228 words
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Page 14 Miscellaneous
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Miscellaneous115 1995-02-07 14 I ujiuoo the. f U3UJ«C*tS OF WWSfcS U\OIE.S —wiuCo"\ ESCAPOLOGIST J EARNING SOTTO e*TRP\ TV4E. eSCPrf*XOG»ST LJIU_ NOU) i jMU SX V FOO T 1 WLPD \N HIS UjNCH O*MKJED FRora H6PO lb FOOT, RffeMPT) y \UOOR TO ELSCPvPe. PRom tvtig, J POONESBURY GARRY TRUDEAU fi£T£R S6JN6A JOURNAL- BUT ~<XJ115 words
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ANALYSIS
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Article, Illustration1593 1995-02-07 15 Leon Hadar - The United States announced trade sanctions against China last Saturday ostensibly for Beijing's supposed failure to protect intellectual property rights. Leon Hadar, however, finds deeper causes for the action, which signals dangerous times in Sino-American relations Leon Hadar The writer is BT's Washington Correspondent HISTORIANSReuter - 1,593 words
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Article, Illustration1323 1995-02-07 15 Peter Lynch - Peter Lynch reports on the As2.sb Qantas float that isn't taking off and the bitter fight being waged over the lucrative 'Kangaroo' route Peter Lynch The writer is a Sydney-based journalist who contributes to H I AUSTRALIA's Qantas airline chiefs were back in the transit lounge last1,323 words
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Page 15 Advertisements
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Advertisement351 1995-02-07 15 HELP EASE THE OFFICE BLUES With the Creative Easy Series Software, office management would be a real breeze. From payroll to human resource, fixed assets to cash management, we'll show you how you can effectively increase your company's productivity. Come to our Free Seminar to find out more. The Creative351 words
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546 1995-02-07 16 Bloomberg Business News Reuter WASHINGTON The Clinton administration appears resigned to additional interestrate increases by the Federal Reserve this year, based on the economic assumptions included in its fiscal 1996 budget released yesterday. The US$l.6l trillion (552.35 trillion) budget estimates that theBloomberg Business News; Reuter - 546 words
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408 1995-02-07 16 Reute AFP Bloomberg WASHINGTON The United States and China will resume talks on their copyright dispute in Beijing on Feb 13, US Trade Representative Mickey Kantor said yesterday. "Today we received a letter from Madame Wu Yi, theReute; AFP; Bloomberg - 408 words
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396 1995-02-07 16 Reuter LONDON Britain yesterday set the price for the first instalment of one of the largest international public offers this year, a £4 billion (559.2 billion) sale of its stake in the country's two biggest power generators. After aReuter - 396 words
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235 1995-02-07 16 Reuter BRUSSELS European Union foreign ministers yesterday told the European Commission to begin a six-month mission to negotiate the cost to trading partners of bringing Austria, Sweden and Finland into the bloc. The United States, Japan, Canada, South Korea, Indonesia, New Zealand,Reuter - 235 words
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272 1995-02-07 16 Bloomberg ness News WASHINGTON The number of new homes completed in December declined from a month earlier, though 1994 construction activity was the strongest in six years. Housing completions, which lag starts of new construction by six months, fell 1.6 per cent inBloomberg ness News - 272 words
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Article, Illustration61 1995-02-07 16 AFP SYDNEY The latest issue of the magazine Woman's Day features an exclusive interview with former Australian prime minister Bob Hawke. In the article, he announced his wedding to his biographer, Blanche d'Alpuget. Also revealed are intimate details of their secret affair that brought anAFP - 61 words
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Article, Illustration796 1995-02-07 16 VIKRAM KHANNA; VIKRAM KHANNA - The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editors THE 418-point jump in Hongkong's Hang Seng index yesterday seems to suggest that not even the number one hub of US-China trade is seriously concerned that the trade796 words
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318 1995-02-07 16 Reuter AFP MANILA The Philippines shows early signs of being on track for its 1995 economic targets, with inflation dropping to its lowest in seven years, but analysts yesterday said the government should watch out for bumps along the way. AnnualReuter; AFP - 318 words
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Article, Illustration149 1995-02-07 16 AP TOKYO Author and business consultant Kcnichi Ohmae will run for governor of Tokyo next year, campaign organisers said yesterday. Mr Ohmae rose to fame in Japan and abroad as an early proponent of the view that in the 1980s, the world's economiesAP - 149 words
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382 1995-02-07 16 Reuter LONDON Speculators across the globe baled out of commodities yesterday and prices on everything from copper to cocoa crumbled. Traders were not yet ready to call an end to the inflationary "bull run" in these raw material markets that hadReuter - 382 words
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Page 16 Advertisements
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Advertisement8 1995-02-07 16 cM22i27 w uccess ENSURED BY THE RIGHT CHOICE8 words
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Advertisement11 1995-02-07 16 History suggests Fed may fail in navigating soft landing, Pg 811 words
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Advertisement23 1995-02-07 16 Distributor for Nitsuko Keyphone Systems A EPABX: StN€fApORE SINGAPORE COMMUNICATIONS COl¥%A*r EQUIPMENT CO PTE LTD Tel 270 7088 ■Every Call Is A Commitment!23 words
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EYE on your STOCKS
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Article, Illustration135 1995-02-07 17 Paul Leo - -By Paul Leo CYCLE and Carriage fell 50 cents or 4.8 per cent to $9.90 yesterday. Yesterday's volume of 4.18 million units was more than five times the previous day's 780.000 shares and the 10-day average of 809.000 units. The stock is ready for a medium-term rally. Weekly135 words
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Article, Illustration48 1995-02-07 17 Firm 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Banna. Dam a. Fraser. UK Goh. Kay Hian. Morgan (Jrenfell. OngCo. Nomura. Phillip. Smith Xeu Court. H'/ Carr and SG M arburg48 words
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COMPANIES & MARKETS
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Article, Illustration356 1995-02-07 17 David Mok - By David Mok SINGAPORE The president of loeal multimedia firm Aztech Systems, Michael Mun. said yesterday that the company's sales more than doubled last year. He said that net profits did not similarly double, but second half earnings had increased356 words
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204 1995-02-07 17 SINGAPORE The listed L&M group has clinched a contract to help India's Shriram Industrial Enterprises group develop a major industrial park in Rajpura, Punjab. L&M Group Investments group managing director and chief executive officer Liew Mun Leong said yesterday that the contract204 words
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285 1995-02-07 17 Lilian Ang - By Lilian Ang SINGAPORE Straits Steamship Land (SSL) has acquired a freehold industrial site in the MacPherson area for $53.1 million. The purchase, which works out to about $872 per sq ft, will help vary SSL's property portfolio, currently dominated by285 words
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260 1995-02-07 17 SINGAPORE Punters who short-sold DBS Land's B warrants eight days ago were bought in yesterday by the Stock Exchange of Singapore and face a total estimated loss of about $500,000. A total of 5.1 million warrants were bought in at between260 words
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880 1995-02-07 17 William Chia - HOCK LOCK SIEW By William Chia SINGAPORE The Malaysian banking sector outperformed the overall market substantially last year due to interest rate falls which resulted in wider spreads. This resulted in strong earnings for banks. But the bottoming of interest880 words
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360 1995-02-07 17 Genevieve Cua - By Genevieve Cua SINGAPORE Beverage group Fraser Neave's growth in the near-term will be spurred by its property assets. as a decision in 1984 to develop a new core property business begins to bear fruit, said group chairman Michael Fam360 words
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COMPANIES
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373 1995-02-07 18 Land General expects profit to remain on uptrend MBT KUALA LUMPUR Land General Bhd (L&C.) has estimated a pre-tax profit of MS 199.49 million for the year ended Dee 31, 1994. and this is expeeted to grow to M 5231.73 million in the following vear ending Dee 31, 1995. TheMBT - 373 words
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COMPANY BRIEFS
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101 1995-02-07 18 Reuter MANILA Metro Pacific Corp (MPC) said the consortium that won Manila's coveted Fort Bonifacio project would deliver its downpayment on schedule. "We will deliver the 19.5 billion peso (551.14 billion) payment as agreed upon on Feb 13," MPC chairman Ricardo Pascua saidReuter - 101 words
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102 1995-02-07 18 Bloomberg Business News HONGKONG First Pacific Co, a Hongkong conglomerate controlled by Indonesian interests, will buy a 60 per cent stake in one of Indonesia's oldest drug companies, almost doubling turnover at its own pharmaceuticals subsidiary. Its PT Darya-Varia Laboratoria subsidiary, or DVL,Bloomberg Business News - 102 words
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77 1995-02-07 18 Bernama KUALA LUMPUR Pernas OUE Sdn Bhd, a 70 per cent subsidiary of Perbadanan Nasional Bhd (Pernas). had on Jan 23 completed a US$ll3 million (S$ 165 million) five-year Transferable Loan Facility arranged by Schroders Malaysia (L) Bhd. Schroders Malaysia has also arranged for PernasBernama - 77 words
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Article97 1995-02-07 18 Reuter MANILA Philippine Commercial and International Bank (PCI) is to offer a one-for-four stock rights issue at 160 pesos a share, the company said. PCI told the Philippine Stock Exchange its board agreed to the rights offer at a meeting on Jan 27. PCI sharesReuter - 97 words
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Article92 1995-02-07 18 IN BT's Feb 2 report headlined "Heshe sees rich pickings in Indonesia and China", we said Heshe expected a joint venture with PT Great River Industries of Indonesia to contribute $2 million a year to its bottom line. Heshe has clarified that under the proposed deal which92 words
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Article, Illustration226 1995-02-07 18 Bernama KUALA LUMPUR The New Straits Times Press (Malaysia) Bhd is expected to maintain its market share of total print advertising expenditure in 1995 despite stiff competition. Chairman General (Ret) Mohd Gha/ali Che Mat said in the company's 1994 annual report thatBernama - 226 words
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Article174 1995-02-07 18 Reuter SUVA Carpenters MBf, based here and a wholly owned subsidiary of Malaysia's MBf Holdings Bhd, has announced a major corporate reorganisation as part of its drive to develop business in the AsiaPacific region. Group president David Orren said two new international operating divisions had beenReuter - 174 words
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259 1995-02-07 18 SINGAPORE Causeway Investment Ltd shareholders have been advised to vote in favour of a proposal to sell a subsidiary. Phoenix Book Binding, with a buy-back option. Causeway, in a circular to shareholders yesterday, said its independent directors had recommended shareholders259 words
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313 1995-02-07 18 Bernama KUALA LUMPUR Lim Kim Hai Holdings (M) Bhd has embarked on an expansion programme as an initial strategy prior to its promotion to the main board of the Kuala Lumpur Stock Exchange. Group managing director Ngow Wing How yesterday said: "We are investingBernama - 313 words
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Article569 1995-02-07 18 Managers' pric«« Feb 7 US Gr Fund 0 98 101— Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.61 I.X) (Jnifund 1.35 1.41 Hie Saving* Fund 151 160 Unibond 1.02 1 045 S pore Prog Fund 0.57 0.61 United Gr Fund' 1.58 1.65 S'porc Sec Fund 0 94 I569 words
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367 1995-02-07 18 Paul Leo - Real value in local market after correction, says chief By Paul Leo SINGAPORE Credit Lyonnais International Asset Management Singapore (CLIAM) launched its first CPF-ap-proved unit trust yesterday. The Credit Lyonnais Fortune Fund is open to both Basic and Enhanced Investment Scheme account holders. CLIAM367 words
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341 1995-02-07 18 Bernama KUALA LUMPUR Berjaya Industrial Bhd (Blndustrial) has entered into an agreement to acquire a total of 10.71 million shares of MSI each in Arjunan Citra Sdn Bhd (ACSB) for M 521.42 million (5512.25 million) cash. Blndustrial said yesterday the acquisition ofBernama - 341 words
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416 1995-02-07 19 The Sino-US trade dispute Bloomberg Business News HONGKONG KTP Holdings Ltd, one of the world's largest producers of athletic footwear, will shift production to its Indonesian plant, and may add another factory entirely in the event of US trade sanctions.Bloomberg Business News - 416 words
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320 1995-02-07 19 Bloomberg Business News HONGKONG Home appliance manufacturer Shell Electric Manufacturing Co would be among those affected if the US imposes trade sanctions on China but the damage to its business will be modest. The Hongkong company produces telephone answering machines and lamps forBloomberg Business News - 320 words
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588 1995-02-07 19 Reuter SYDNEY American football will inflict some pain on Rupert Murdoch's media group News Corp Ltd's second quarter earnings, due today, as Mr Murdoch begins to pay the price to broadcast US football games, analysts said. Estimates for NewsReuter - 588 words
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196 1995-02-07 19 Bloomberg Business News HONGKONG One of the world's largest makers of athletic shoes, Yue Yuen Industrial Holdings, says possible US trade sanetions against China are so narrowly defined that they would not affect production in a major way. The Taiwan-controlled company makes 29Bloomberg Business News - 196 words
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Article, Illustration314 1995-02-07 19 Reuter ULAN BATOR Mongolia will start secondary trading of its stocks in May, allowing foreigners to buy shares in its companies for the first time. The Stock Market Board is working on the final regulations and aims to start secondary tradingReuter - 314 words
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452 1995-02-07 19 FT NEW YORK Microsoft is again the centre of controversy over its dominant role in the world market for personal computer software and its ambitions to become a leading provider of "information highway" software and services. Last week. United States Justice DepartmentFT - 452 words
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379 1995-02-07 19 Bloomberg Business News LONDON British Airways pic said pre-tax profit rose 57 per cent in the third quarter, as the recovery in world economies encouraged more people to fly. The UK airline said profit before tax rose to £102 millionBloomberg Business News - 379 words
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208 1995-02-07 19 Reuter TAIPEI Taiwan's Texas In-struments-Acer Inc plans to invest some US$l billion (551.46 billion) in building a dynamic random access memory (DRAM) chip plant based on eight-inch wafers in early 1996. a company executive said. "Prospects for the market are expected to be extremely goodReuter - 208 words
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COMPANY BRIEFS
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Article93 1995-02-07 19 Knight-Ridder HONGKONG The Securities and Futures Commission (SFC) has suspended a trader with a local securities firm for 6 months for a banned procedure known as rat trading, the securities watchdog said in a statement yesterday. It said Mo Kwong Wai, a dealer's representative with GreatKnight-Ridder - 93 words
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95 1995-02-07 19 Bloomberg Business News LONDON The Brazilian subsidiary of BAT Industries pic yesterday said 1994 consolidated net income was more than halved because of depressed sales of cigarettes and increased competition in a difficult Brazilian economy. Souza Cruz, which is 75 per cent owned byBloomberg Business News - 95 words
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88 1995-02-07 19 Reuter LONDON Shares in Wellcome pic gained after the Sunday limes said Pfizer Inc from the US might launch a counter-bid, acting as a white knight to thwart plans by Glaxo pic to acquire Wellcome, analysts said yesterday. By 0858 GMT, Wellcome wasReuter - 88 words
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Article78 1995-02-07 19 Reuter NEW YORK Intel Corp is changing the design of the chip that succeeds its flagship Pentium chip, but the move will make the chip more like its rivals, the Wall Street Journal reported yesterday. Citing a company document and the Electronic Buyers' Sens newsletter,Reuter - 78 words
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97 1995-02-07 19 Bloomberg Business News SEOUL Samsung Electronics Co expects to report a net profit of roughly 940 billion won (SS 1.73 billion) in the year to Dec 31, 1994. a rise of more than 500 per cent on the year, sources close to the companyBloomberg Business News - 97 words
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FINANCE & COMMODITIES
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Article, Illustration456 1995-02-07 20 Reuter MELBOURNE National Australia Bank Ltd (NAB) yesterday made its biggest acquisition in five years and a bold expansion in the US banking market with a US$l.55 billion (552.26 billion) acquisition of Michigan National Corp. NAB, Australia's biggest bank and most profitableReuter - 456 words
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421 1995-02-07 20 Reuter FRANKFURT Germany's private banks are fair, helpful and not as powerful as everybody thinks, according to a media campaign launched by them in recent weeks. The Federal Association of German Banks has spent 10 million marks (559.58 million) on a seriesReuter - 421 words
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389 1995-02-07 20 AFP SYDNEY Demand from Asian economies will underpin a bright outlook for lead and zinc markets following a "horrendous slump" in 1993, said an Australian forecaster's report released yesterday. The Australian Mineral Economics (AME) report said of the two metals, bothAFP - 389 words
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132 1995-02-07 20 KnightRidder SYDNEY RTZ Corp pic of the UK is said to be conducting a review that could lead to it purchasing Brazilian tin mining giant Paranapanema SA. Neither RTZ in London, nor its 49 per cent-owned subsidiary CRA Ltd of Australia, would confirmKnight- Ridder - 132 words
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SMALL CHANGE
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114 1995-02-07 20 SINGAPORE The United Overseas Bank has adjusted the interest rates it pays on "premium" savings accounts, in what appears to be a move to discourage small savers. The changes afTect Uniplus savings accounts and i-Accounts with immediate effect, the bank said yesterday. Savers with114 words
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Article84 1995-02-07 20 Bloomberg Business News HONGKONG Que Yau Neo, an executive director and head of the debt capital markets unit in Goldman Sachs' Hongkong office, has resigned, a company spokesman confirmed. He had been with Goldman for about seven years. Mr Neo's departure is the latest in aBloomberg Business News - 84 words
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Article64 1995-02-07 20 AFP MELBOURNE Australia's second largest life insurer. National Mutual Life Association of Australasia, on Sunday defended its sale to French giant AXA SA. National Mutual announced last week it had agreed to end its mutual status and list on the Australian Stock Exchange, giving a 51AFP - 64 words
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237 1995-02-07 20 SINGAPORE French insurance firm Axa said last night it had completed the acquisition of Wing On Life Assurance for US$llO million (SSI6I million) Axa said the acquisition had been given the green light from the Insurance Authority of Hongkong, the Monetary Authority237 words
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305 1995-02-07 20 Paul Leo - By Paul Leo SINGAPORE Coffee futures trading in Singapore, which was tentatively scheduled for sometime next week, will be delayed because many brokers here are not ready for it. A Singapore Commodity Exchange (Sicom) official confirmed the delay yesterday305 words
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325 1995-02-07 20 ENERGY REPORT Reuter NICOSIA Combined crude oil production by the Organisation of Petroleum Exporting Countries (Opec) members fell in January by 150.000 barrels per day to 24.84 million, still above the group's ceiling, the Middle East Economic Survey (Mees) reported yesterday. Opec's self-imposed output ceilingReuter - 325 words
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Article, Illustration1625 1995-02-07 20 ladt uri&itfj in,lt cakiiltued a*atn\l I Spire j hip 14 trading purrntr\ I &IH- war !9Xf US$/S$ forward rates Noon/Feb 6 St Bid Offer 1-month 1.4566 ***** 2-month 1 4536 1 4551 3-month ***** 1.4531 6-month I 4440 I 4460 Sounv OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at1,625 words
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Article172 1995-02-07 20 Reuter LONDON The dollar was comfortably perched above support at 1.5250 marks at the European midsession with little on the horizon seen capable of blowing the US currency too far in either direction. It has been underpinned by Friday's weak US employment report and subsequent rally inReuter - 172 words
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Article99 1995-02-07 20 -AFP NEW YORK The dollar was mixed in opening trading yesterday, gaining ground against the mark but falling back against the yen following the release of President Bill Clinton's 19% budget plan. In morning trading, the dollar was down to 1.5324 marks from Friday's closing of 1.5268 but-AFP - 99 words
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COMMODITIES & FUTURES
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1409 1995-02-07 21 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars were lower and Euroyen futures mixed at the close. Dealers said Eurodollars ended lower on profit-tak-ing after a strong rally on Friday. They said Japanese funds were seen selling earlier in the day but US and European funds continued toReuter - 1,409 words
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687 1995-02-07 21 COMMODITY REPORTS Palm Oil CRUDE palm oil futures closed higher yesterday due to the floods in Johor which affected supplies. Dealers said the floods affected the transportation of the oil palm fruits to the mills. The continuous rain has also resulted in a687 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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48 1995-02-07 21 HONGKONG China's total planted area for grain fell to 109.4 million hectares in 1994. below the country's safety level of 110.1 million hectares, the Chinese-language Financial News reported yesterday. In 1993, total planted area was around the safety level, the report said.48 words
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Article46 1995-02-07 21 SINGAPORE Thailand's 1994-95 coffee output will reach nearly 75.000 tonnes due to favourable weather conditions in 1994. according the Thai Coffee Exporters Association. On an average. Thailand a fairly small size producer grows 60.000-70.000 tonnes of predominantly robusta coffee annually.46 words
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Article67 1995-02-07 21 NEW DELHI India's Food Ministry has revised upward white sugar production forecast to 12.312.4 million tonnes in the 1994-95 (Oct-Sep) season, from an earlier estimate of 11.8 million and last season's output of 9.8 million, the Business Standard newspaper said yesterday. The revision came67 words
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51 1995-02-07 21 LONDON Brazil will not be attending a meeting of coffee producing countries in Guatemala City scheduled for yesterday. Rubens Barbosa. Brazilian ambassador to the UK confirmed. "Brazil never asked to go. and there was never anv need for a refusal for them to attend." Barbosa51 words
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Article66 1995-02-07 21 SEOUL China's zinc exports to South Korea in January averaged U551,159 (S$ 1.692) a tonne. CIF, up 4.1 per cent from the previous month and up 11.7 per cent year-on-year. said a South Korean trading group. The Association of Foreign Trading Agents of66 words
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Article1422 1995-02-07 21 Rubber Feb 6 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) lupm lalim As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) Clow Volume I 267.00 268 OON Month High Low Sett (tonnes) Interest **SS 3 Mar 95 -66.00 00N RSS 4 Mar 951,422 words
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REGIONAL STOCK MARKETS
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Article1079 1995-02-07 22 15.2 STOCKS closed firmer yesterday on the back of a strong rise on Wall Street, strength in the Hongkong market and higher futures, but tempered by weaker commodity prices, brokers said. The key All Ordinaries Index ended 15.2 points higher at 1.862.9. The All Industrials ended 29.8 higher at1,079 words
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Article617 1995-02-07 22 +48.61 Stocks continued to rise, surging by 1.93 per cent yesterday, bolstered by the stability of the Dow Jones, analysts said here. The PSE Composite Index gained 48.61 points to close at 2,559.6. Turnover was 4.12 billion shares valued at 1.42 billion pesos. A dealer said the stabilisation of617 words
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Article613 1995-02-07 22 +88.90 Stocks jumped across the board in modest trading, the market having digested the unfavourable factor of a US-China trade war, dealers said. The 421-issue Weighted Price Index advanced 88.90 points to settle at 6,417.28. Turnover was 927 million shares worth NT537.29 billion. Rises overwhelmed falls 232 to 82,613 words
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Article496 1995-02-07 22 -6.61 Stocks fell on concerns over possible negative influence from escalating US-Sino trade dispute on local businesses. The Composite Price Index ended 6.61 points lower to settle at 945.27. with a modest trading volume of 29.7 million shares valued at 593 billion won. Rises beat falls 422 to 351.496 words
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Article114 1995-02-07 22 Sustained selling pressure by foreign mutual funds pulled down share prices with the 30share BSE Index losing 48.91 points to 3,589.22. The broader 100-share National Index slipped 22.62 to 1,736.11. The sell-off in selected blue chip shares continued right from the start by foreign funds, especially in market heavyweight114 words
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Article174 1995-02-07 22 New Zealand Feb 3 N L Vol ANZ Bankinj J.JO unch 5429 Advaatafti Hldfi 1.57 unch 1500 Air New Zetland <A> 3.54 007 ***** Air New Zealand (B) 4.(0 0 10 *****0 Baycorp 0.89 -002 6758 Bnerley Inv 1.16 unch *****22 COL Investments 0.21 unch ***** Carter Holt 3.42 0.03174 words
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WORLD STOCK MARKETS
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Article653 1995-02-07 22 +2.3 sHARES closed mixed in thin turnover with the market nervous about a slightly easier Wall Street. Earlier, London failed to show any significant reaction to the Dow's 58-point rise on Friday, dealers said. "It still seems that the bears have the upper hand at the moment. There's some653 words
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Article170 1995-02-07 22 +29.68 French shares closed sharply higher as confidence came back in the market after players felt convinced the Federal Reserve would not raise its rates again after last week's hikes. Large gains posted during the day, partly in reaction to Friday's Wall Street rally, were only slightly sliced by170 words
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Article214 1995-02-07 22 +7.14 German stocks were mixed in after-hours trading, paring earlier gains, amid concern that Wall Street could lose ground. "People are waiting to see how the US will do so we're down a little bit," said a trader. "But there's been very little deviance from the stock prices we214 words
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Article181 1995-02-07 22 1.78 Belgian stocks and bonds rose amid speculation the Federal Reserve is through raising interest rates for some time. The Bel-20 Index staged a fourth advance in a row, gaining 1.78 points to 1,365.41. Banks and insurers led the gainers, buoyed by rising bond prices. "There's a sense of181 words
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Article144 1995-02-07 22 unch Italian shares ended flat after an up and down session largely driven by technical factors, traders said. "It was unchanged in the end, there was no impulse for direction and hopes of a strong move by Wall Street were dashed," said a trader. Attention was focused on technical144 words
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Article278 1995-02-07 22 +0.88 Dutch shares closed well below their highs on the day, drifting on low volume after a firm start as investors doubted Wall Street's huge 58 point gain on Friday could be sustained. "It's been a very disappointing day," said one dealer. "Germany and London have not been running278 words
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Article110 1995-02-07 22 +0.87pc Swedish shares rose on a broad base in response to Wall Street's 1.5 per cent jump on Friday and falling bond yields in Sweden and abroad. The OMX Index rose 0.87 per cent to 1,186 in turnover of 880 million crowns. "The trend for US bond yields has110 words
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Article250 1995-02-07 22 +31.8 Swiss shares rose on the back of the firm dollar to close more than one percent higher in fairly active trade. Wall Street's muted opening dampened sentiment in late trading and prices edged slightly back. Today's market will be determined by Wall Street close, dealers said. The broad250 words
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Article295 1995-02-07 22 +23.9 South African shares closed mixed in quiet trade. Gains were primarily in response to firmer industrial counters on Wall Street, said a dealer, with golds accelerating earlier losses on the back of an indifferent bullion price. The Overall Index ended 3.3 points down at 5,336.8. the Industrial Index295 words
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Article237 1995-02-07 22 Stocks were Hat in quiet early trading as market playere took a breather after Friday's strong rally. The TSE-300 Composite Index cased 1.80 points to 4,103.30 on volume of 11.95 million shares valued at CsllB million. Advancing issues moved ahead of declines. 144 to 130, with 176 stocks unchanged.237 words
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Article744 1995-02-07 22 -1.01 The Dow Jones Industrial Average, which soared 57.87 points on Friday, was ofT 1.01 to 3,927.63 at 1 lam EST. The key barometer was down 6.73 shortly after the market opened. The New York Stock Exchange Composite Index was ahead 0.25 to 260.69. while Standard Poor's 500-stock744 words
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Article668 1995-02-07 22 Britannia Funds Sterling Cash Bid Offer M.m Cap Deposit 38 6400 )8 6900 Mim Jersey Cik .0.1893 ***** MimMu Income .0.9100 ***** L S$ Cash Incomc Plus Fund *9 2700 ****** PS J Rnerve Fund 5 MOO 5)900 Sterling Lquit) Euro Performance 0.4592 0.49U Far Eatf Fund *2 7650 *2.97)0668 words
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Article, Illustration3031 1995-02-07 23 Bloomberg Business News HONGKONG Stocks posted their biggest gains in more than eight months, as optimism over corporate earnings offset concern over a possible Sino-US trade war. Shares rose 5.9 per cent to their highest level in a month, amid confidence that earnings will grow by more than 10Bloomberg Business News; Source: Bridge Info - 3,031 words
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Article, Illustration593 1995-02-07 23 CLSA H SHARES yesterday surged 5.1 per cent in tandem with the Hang Seng Index's 5.6 per cent rise. Total turnover rose to HKSBB million. Haixing Shipping took the lead with an 8.7 per cent surge, followed by Maanshan Steel (7.5 per cent) and Shg Petrochem (6 per cent),CLSA - 593 words
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Article, Illustration2601 1995-02-07 23 Bloomberg Business News TOKYO Stocks rose on hopes that builders such as PentaOcean Construction would benefit from Kobe's devastation last month by an earthquake and that a higher dollar was good news for Toshiba Corp and other major exporters. The Nikkei Average climbed 128.26 to 18,667.23. The broader TopixBloomberg Business News - 2,601 words
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Article, Illustration1812 1995-02-07 23 Reuter BANGKOK Foreign and local institutional buying, spurred by a gain in New York on Friday, pushed stocks 4.1 per cent higher in heavy trade, brokers said. The SET Index closed up 52.35 points at 1,330.42 on 14.4 billion baht turnover. "Institutional investors heavily bought blue chips, especially inReuter; Source: Bridge Info - 1,812 words
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Article, Illustration1185 1995-02-07 23 Reuter JAKARTA Share prices, boosted by foreign players moving back into the market, closed higher despite profit-taking pressure by mainly local investors in active trading, dealers said. "Foreign buyers, entering the market near the close, helped sustain the price hike, particularly in shares with sound economic fundamentals." brokers said.Reuter; Source: Bridge Info - 1,185 words
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Article2510 1995-02-07 24 Gf Cr l«94/«5 La.il Vol Day l«i l>tr Di> 1M« \ld Net M( ip High Isn (Dm pan* Sale (1)00) High low Bu»er Win Or S P It >mil MALAYSIAN STOCKS 398 7.1 m AISB 50c 256 8 30 256 73 251 25* JO -2.9 01 26 J2,510 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6891 1995-02-07 24 Bloomberg Business News KUALA LUMPUR Stocks rose 4.8 per cent on news of strong corporate earnings growth and expectations that Malaysian companies can make it through a period of rising interest rates. The Malaysian Investors' Association said last week the country'sBloomberg Business News; Source: Bridge Info - 6,891 words
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STOCK EXCHANGE OF SINGAPORE
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Article8697 1995-02-07 25 MAIN BOARD Transaction date: Feb 6 Uf Gr M Ml 19*4/95 Iim Not l>»> lasl (>..(, I)t< IN. \M Nrl <M High I o» iMniMit Sal* |"OUO) High l« Huser Nrller S ("m S P'E Nrail Price INDUSTRIAL AND COMMERCIAL >20* 188 ml s Acma 50c 446 4 23 4468,697 words
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Article, Illustration1975 1995-02-07 26 R Sivanithy - By R Sivanithy SINGAPORE The local stock market yesterday took the latest rounds of bad news confidently in its stride, responding instead to the improving interest rate scenario emerging from the US and a strong showing throughout regional equity markets. In relatively heavyCharts by Bridge Info; Source: Bloomberg - 1,975 words
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Page 17 Advertisements
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Advertisement289 1995-02-07 17 NEWS VALUE MAS discloses waivers for new curbs on personal and car loans (pg I) The curbs are still there except for some breathing space. Aztech second half earnings up on previous year, says chief/r/i/Y pg) Positive but caution might prevail following Creative's Q2 fall in profits. L&M to help289 words
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Page 18 Advertisements
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Advertisement77 1995-02-07 18 Dance puppy Ma.kTh. Kmf.'* Wm^ Your V>rS ny jpsS»*< Date: Time: Venue: 9th FEBRUARY '95 Bpm HARBOUR PAVILION Prices $120 >united seals only) $100,580,560,540 I Enquiries: Hotline: Fax: 272 0037 348 5555 440 6784 7lrfrw.< ill all SI STIC outlets f ftX >\ A v v ./unVic Productions (Iol«l Storage-Jdita,WT(!.77 words
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Advertisement281 1995-02-07 18 I MFMine I In English Number Your Daily Stars 8450 The Aquarius Employee; Win Prizes! Entertainment News 8451 Battle Of Songs... Ghost Stories 8452 Bloody 'Sway'; Win Prizes! Children's Funland 8453 Sing A Song Of Six Pence Face Facts: Moles 8454 Dreamland 8455 Fandi Ahmad Banana Secret; Depression Chinese Almanac281 words
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Page 19 Advertisements
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Advertisement91 1995-02-07 19 We provide shelf companies and incorporation services in ALL jurisdictions, including British Virgin Islands Ctx>k Islands Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further91 words
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Advertisement110 1995-02-07 19 A company's strength lies in the Backbone of its staff. Dauphin has the practical and suit individual needs. For more aesthetic answer to a major proh- healthy posture, added comfort lem for the purchasing depart- and increased productivity! ment! The Beta FB 6330 executive chair is just the one for110 words
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Advertisement182 1995-02-07 21 WANTED Financial Collaboration to set up Civil Engineering Consulting Finn to be based in Sri Lanka. Colombo prime location land available for office premises development Areas of expertise available on Water Resources, Hydrology, Irrigation, Highways, Bridges, Engineering Geology and Geotechnics. REPLY: STANLEY FERNANDO, 147, STANFORD ROAD, LONDON SW 16 4QD,182 words
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Advertisement35 1995-02-07 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification 203 in The Straits '9 Times W Classified. cats.35 words
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Page 22 Advertisements
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Advertisement85 1995-02-07 22 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers85 words
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Page 23 Advertisements
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Advertisement32 1995-02-07 23 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving quick relief from stomach discomfort, Sterling 9 astnc P am mdl 9 es A I Health tion and heartburn. b_ "|M a. 232 words
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Page 24 Advertisements
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Advertisement32 1995-02-07 24 H, v With over 215 million cords honoured ot over 12 million ostobfishfnonts, MasterCard puts the whole world to your hands. And it gives you easy access to cash at 380,000 bonk32 words
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Page 25 Advertisements
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Advertisement75 1995-02-07 25 TIMELESS PERFECTION ALAIN DELON S -V, v /f dOO k 1 "*Hfh/-■ M»»iy».j A 0 TiMt SON BHD TEL 03 *****16 •Smgipc'f D T ivt S T t°S4 T P*t „TD T EI. 0! JJ4l57* *LUI ,y' /••*•>>*'• mM- *0 Willi >Jf¥[ j|fiS ADJO IIM .HonqKonq- 40 TIME tNTERMTIONAI <MKi75 words
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Page 26 Advertisements
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Advertisement1117 1995-02-07 26 B_JJ_S_J_N ESS TIMES 1 I I 1 I I 1 I I NOTICE NOTICE IS HEREBY GIVEN that, I LEE TAI KOON of Block 85 Whampoa Drive #05-254 Singapore 1232, have applied for a Beer House, First Class Licence in respect of premises at M/s Nan Sin Food Centre at1,117 words
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Advertisement361 1995-02-07 26 NOTICE NOTICE IS HEREBY GIVEN that, I CHEONG BOON LEONG ARTHUR of 123 McNair Rd #06-01 Singapore 1232, have applied for a Wholesale Beer Shop Licence in respect of premises at M/s Mobile Information Technologies Far East Shopping Ctr, Orchard Rd, #10-08 Level 10 Singapore 0923, and that this application361 words
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SHIPPING TIMES
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397 1995-02-07 27 Rahita Elias - By Rahita Elias SINGAPORE The Californian port of Long Beach last year usurped Los Angeles' position as the United States' top container port. In a statement released in Singapore last week. Long Beach port said 1994 was the first time397 words
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Article, Illustration260 1995-02-07 27 SINGAPORE In midSeptember 1994, the Port of Singapore Authority sent out survey forms to more than 100 of its major customers. It requested them to give indicative forecasts of their container volumes to be handled at Singapore for 1995. Their feedback260 words
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135 1995-02-07 27 Reuter LONDON Peninsular and Oriental Steam Navigation Co, the shipping and property group, has emerged as frontrunner to take over Costain Group pic following detailed negotiations with them, London's Sunday Times newspaper said. Neither company was available for comment. The newspaper said in anReuter - 135 words
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618 1995-02-07 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5618 words
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Article, Illustration386 1995-02-07 27 Reuter AMSTERDAM Receding floodwaters mean most of the main Dutch rivers and canals would open to shipping yesterday (from 2:00 pm, 1300 GMT), a Dutch water official said on Sunday. Swollen rivers forced the Netherlands to evacuate over 250,000 people from "floods ofReuter; AFP - 386 words
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366 1995-02-07 27 NYT KOBE Only two weeks after the Great Hanshin Earthquake left only seven berths usable at the ravaged Port of Kobe, workers have 69 out of 239 berths functional, allowing cargo and passenger liners to call again. But it will require six months orNYT - 366 words
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Article1583 1995-02-07 28 THE freight market ended the week with slightly easier conditions on the Atlantic for early capers and panamaxes despite rumours of a higher US Gulf/Japan rate. The Baltic Freight Index registered its 12th consecutive fall with a loss of two points to 1.959 on Friday. If the latest1,583 words
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Article395 1995-02-07 28 COURSES Title: International Freight Forwarding I (SDF 70%) Duration: Feb 9 Apr 20 Organiser: Singapore Freight Forwarders Association I el: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: Container Management (SDF 70%) Duration: Feb 15 Mar 2 Organiser Singapore National Shipping Association let For395 words
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Article, Illustration1384 1995-02-07 29 Seatrade Review THE finance industry marks shipping's card annually at the Lloyd's Shipping Economist's ship finance conference and the scores are usually low. Not that the ship financiers of various stripes are not in love with their jobs. It is just that they areSeatrade Review - 1,384 words
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12110 1995-02-07 36 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 calls12,110 words
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Article, Illustration984 1995-02-07 39 Transportation experts say the time for the Jakarta municipal administration to develop a mass rapid transit system is now. before its construction becomes much more costly, the Jakarta Post reported last month. Falatehan M Siregar, a transportation and urban planning graduate of the984 words
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Article3269 1995-02-07 40 A I\BC Containerline NV: Behin Shpg Agencies Pie Ltd (SyManne Handling Sdn Bhd (PK/PN). Acc«e Croup: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahreakiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ud (S).3,269 words
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Article277 1995-02-07 40 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:277 words
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Article1517 1995-02-07 40 Abex Lxpms Freight Tel: 542-7171. Fax: *****84 Actinic Forwarder Td: 225-1833. Fax: *****42. Acthwir Singapore Tel: 542-7822. Fax: *****20. Aeroiink Freight International Tel: 545-8033. Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air1,517 words
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Article2648 1995-02-07 41 ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Lorenzo: Six vessels berthed of which 4 loading soya bean meal pellets, I wheat, 1 soya oil, 7 vessels in roads, 14 vessels due at 9 terminals during the coming week. Rosario: One2,648 words
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Article1243 1995-02-07 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA KID Ports of Calls Fort Agent t elephone No FEBRUARY 07 07 Nautican Cruise to Nowhere Lines Int'l Holdings 276-7175 07 07 Columbus Caravelle Kukup Harpers Shipping 221-1388 07 07 Renaissance I Cruise to Nowhere Renaissance Cruises 222-3388 071,243 words
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Article791 1995-02-07 41 FEW high capital units have been reported sold this week in the main stream market even though there is still a high level of enquiry but there has been further activity in the container sector with a couple of interesting sales. One exception to the above is the791 words
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SHIPS IN PORT
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Article718 1995-02-07 42 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Arena Indah 001 TO1A 010? 09JO 0802 2300 Akadan Spirit STA 01 115/16 alongside 0702 1200 Aso 01AU TO/ 0/02 0700 0902 0600 Batam Bahagia 02,01 95 19 alongsde 0/02/2300 Baltimar Nep 28A718 words
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Article1622 1995-02-07 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/BalaiKe Rslts Ship Voy No Etb/Btr Period From To From Aa S*» 1%A 08/1000 IB 06,1500 06/1659 06 1900 3 07/0700 07/1159 07 1400 4 07/1200 07/1459 07/1/00 MuBHum 5521 07/23001,622 words
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Article755 1995-02-07 42 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 and755 words
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Article555 1995-02-07 42 Feb 2 Density Niter Residue Ash Afcmram Sedment Density Water Residue Ash Akmriun Sedrnat m 'MM M 'M Exxon Exxwt KG.'M*3 V/V "MM 'MM PPM method KG, M*3 V/V M M MM PPM method Eastern USA 180 Ave 986 0.3 12 9 0 08 12 0#555 words
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AIR AND LAND TRANSPORT NEWS
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346 1995-02-07 44 AFP SYDNEY Ansett Australia is close to finalising a series of agreements to operate as a shuttle carrier to Sydney for other airlines stopping in Kuala Lumpur and Singapore, airline officials said yesterday. Australia's newest international carrier has been involvedAFP - 346 words
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174 1995-02-07 44 Bloomberg Business News HONGKONG A budding joint venture airline, Air Macao, will sue Hongkong's Eastern Express newspaper over a report that the Macao government is investigating it on allegations of corruption, the Portuguese news agency Lusa reported yesterday. Deputy high commissioner againstBloomberg Business News - 174 words
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205 1995-02-07 44 AFP HONGKONG China is being urged by international airlines flying to Europe from Hongkong to change its new routing system, which has increased flying times and costs, a newspaper reported. The new routing system introduced by Chinese authorities to deal withAFP - 205 words
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Article, Illustration77 1995-02-07 44 AFP i-YurNU*Ai>«j citizens 01 ryong>ang getting oil a subway train at the Kaeson station under the Arch of Triumph in central Pyongyang last week. The wall painting on the right depicts a historical scene of the people welcoming former North Korean president Kim II Sung. Pyongyang's subwayAFP - 77 words
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432 1995-02-07 44 Reuter LONDON The British government is making every effort to keep its eontroversial railway privatisation on track although some industry experts predict disaster. The government is making progress in the sale, despite taunts by the opposition Labour Party that it isReuter - 432 words
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129 1995-02-07 44 AFP BANGKOK The Thai government has prescribed new ambulance stations throughout the capital to beat the notoriously thick traffic and save accident victims, a daily reported on Sunday. The Public Health Ministry will put 10 ambulances in place this year and train someAFP - 129 words
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LOG BOOK
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Article119 1995-02-07 44 Bloomberg Business News TOKYO Five crew members died and nine were missing when a Panamanian freighter sank on Sunday in the East China Sea, Japan's coast guard said yesterday. Ten crew members of the Sun River So 2 were rescued by a Japanese Self-Defence ForcesBloomberg Business News - 119 words
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Article105 1995-02-07 44 AFP TAIPEI Four second-hand US minesweepers bought by the Taiwan navy were due to arrive at the southern port of Kaohsiung on Sunday, local press reported. The four Aggressive-class minesweepers the Implicit. Conquest. Gallant and Pledge have been renovated before delivery, the China Times ExpressAFP - 105 words
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74 1995-02-07 44 AFP HONGKONG China's growing aviation sector needs are attracting more foreign investors, airlines and aircraft manufacturers. the Hongkong branch of China News Service said in a report yesterday. An increased number of passengers and more demand for cargo space both of which have average annual growthAFP - 74 words
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Article72 1995-02-07 44 Bernama LANGKAWI Lada Langkawi (Holding) Sdn Bhd is operating a passenger ferry service between Langkawi and Kantang in Thailand. Its chief executive, Adenan Abdul Rahman, said that Lada Langkawi, the subsidiary of the Langkawi Development Authority (Lada), launched the serv ice to encourage more tourists to visitBernama - 72 words
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264 1995-02-07 44 AFP TOKYO Sales of imported motor vehicles in Japan surged 62.5 per cent from a year earlier to 19,753 units in January, marking 15 months of uninterrupted gains, the Japan Automobile Importers Association said yesterday. Association officials attributed theAFP - 264 words
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Article1686 1995-02-07 44 cny fhw eta fgw rro_ "3 cu n (f w rro Abu MmM GA974 2245 Firiu-O SQ989 1720 SQ990 0125 AdtiaMa QF81 1930 QF82 2050 G*n**i SR183 2140 §2??® Hanoi VN741 1310 VN740 1410 Afliittnbiii KL837 1540 GA892 0010 Hatvai TPiiQ7 01 on miaq£ iq^o GA8971,686 words
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333 1995-02-07 44 Bernama PETALING JAYA The new air cargo handling system carried out by Malaysia Airlines (MAS) since Jan 15 has managed to ease mounting congestion at its cargo complex in Subang. near here. Transport Minister Ling Liong Sik said on Sunday. Under the newBernama - 333 words
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Page 27 Advertisements
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Advertisement34 1995-02-07 27 LAW PAGE Every Thursday in Business Times Shipping scores low marks in finance, Pg 3 Right time for Jakarta mass transit system, Pg 13 Ansett set to expand network to S'pore, M'sia, Pg 1834 words
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Advertisement27 1995-02-07 27 Lines and services represented by Members of the Registry of Accredited [500gV) Shipping Agents, Singapore National V<XjgpjJ Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-20%27 words
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Advertisement32 1995-02-07 27 SAontet tnewAtt tune LONGBEACH OAKLAND Arriving every Friday Hotline *****30 1 [fw'l' EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times WE KNOW ASH32 words
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Advertisement2015 1995-02-07 28 I NORTH AMERICA 1 OTHER DESTINATIONS NORTH AMERICA DIRECT CALL TO WEST COAST (SCX) WEST COAST Of CIMTHAI AMERICA (MARQARtfA SCTWCE) SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) ™I »Y |Tw|U|o«|Kl W 0* HOBTCN CMC NT MEIKO NOT« *0* _U_ FEIDO KSSEI _U_ rgKT Kg. HC* SAM lOKKO HUH!! LOSSES2,015 words
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Advertisement24 1995-02-07 28 o O O v: LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. f U Businessumes mmmmmi24 words
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Advertisement1025 1995-02-07 29 IttL/VOY SIN DXB SHJ KM "~AUH DMW BAH~ DOH 1 VSI/VOY SH Bft) BUM ttl/WT Ml ttl) ;M. MQtf C1I3« 13/2 27/2 25/2 27/2 1/3 2S/2 21/2 1/3 3/3 N. MMQtt CII3W 13/2 21/2 2/3 M MtQM CIO3W 13/2 lt/2 4/3 M2M CIO4W 21/2 1/3 4/3 C/ 3 1/3 7/31,025 words
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Advertisement389 1995-02-07 29 ANL. IT'S AUSTRALIAN FOR SHIPPING *H£l ¥OT »(T W ME SYD MCB M NOB WJJtI,IOI STO MEB M MS *T I So> |«C (L MBTKAII* MS 94/02 00/02 00/02 2VN OBCCMCRT 4524 20/01 OS/02 I A. SOW* 20S 00/02 11/02 10/02 01/0J 04/01 07/01 00/01 A. MATDM.M MN 17/01 20/01389 words
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Advertisement1455 1995-02-07 30 R DAM LE SOUTH- PORT I 111 VOY NO HAMBURG ANTWERP HAVRE AMPTON KELANG S PORE HKG KAO TYO SHI KOB NAG NVK ALTAIR 01/203 17/1 19/1 2t/l 9/2 10/2 14/2 16/2 23/2 2»/2 ESSEN EXPRESS 10/403 21/1 23/1 25/1 18/1 12/2 16/2 20/2 21/2 LA SEINE 39/204 2*n 26/j1,455 words
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Advertisement490 1995-02-07 30 I S pore P. Kelaog Loading for VLAHERNA 10/2 14/2 Rdm/Atw/UK/Nantes fl •Loads E./W. Malaysia. Indonesia I Loading for ENERGETIC Dubai/Bahrain/Damman/Kuwait SEA VENUS Hodeidah/Jeddah/Aqaba •Loads Singapore. E./W. Malaysia. Indonesia I Loading for DONA V Los Angeles/New Orleans/ I Charleston/Norfolk/Camden H OCEAN EVER Los Angeles/New Orleans/ H Charleston/Norfolk/Camden H 'Loads E./W.490 words
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Advertisement1495 1995-02-07 30 I NORASIA I SEA ENDEAVOUR 505* 09/02 20/02 03/03 04/03 04/03 05/03 05/03 06/03 06/03 02/03 I I NORASIA FRBOURG 9506-3 15/02 07/03 10/03 11/03 11/03 12/03 12/03 13/03 13/03 I I 14/03 17/03 U/03 10/03 13/03 20/03 21/03 21/03 21/03 I I Wo S< SHARIAM 9500-3 01/03 21/03 24/031,495 words
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Advertisement1439 1995-02-07 31 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific link cu JCTfIBP (A SERVICE Of CHINA NAVIGATION CO) nun CUtCO SWIS SIRAITS VINTURE Wso4£ tturi lib 07 F«fc 01 Ftto FCL. LCL CONTAINER ANO BREAK BULK SERVICE TO1,439 words
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Advertisement2553 1995-02-07 31 Singapore Agent: X CjAJ t iQHI il 1 tiftfS P& Container (Singapore Agencies) Pte Ltd 10 Hoc Chiang Road. #07-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE Jf^ 3 Jjg** 64 PN(X SP Fax: 225 5327/222 7517 EXPORT IMPORT »OV PNO 'PKO SM SOU AHT HOT MAM GOT ME2,553 words
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Advertisement534 1995-02-07 31 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PM_ PEN K3H SI HKC MO TAI KEE HOB OSK MOJ BUS SEA RANGER/N046 04/02 05/02 07/02 08 09/02 13/02 15/02 17/02' T/S ni MO 13/02 "24/02 25/02 NAN HAI 205/N069 07/02 04/02 10/02 1112/02 16/02 17/02 19/02 20/02 27/02 28/02 01/03 WAN HAI 212/N025534 words
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Advertisement511 1995-02-07 32 :AI. JOINT VENTURE v!V SAMUDERA INDONESIA SIR RICKMERS win SINGAPORE CHINA GREEN ERA VOY 3NB 12 JAN QINGDAO DASA SEPULUH VOY 3NB OS FEB XINGANG SHANGHAI INDUCEMENT CALL P.KELANG INDUCEMENT CALL HK. PGUOANG. BELANAN. TG MAN XIAMEN. ZHANGJIGANG tel UTAMA HARTA WEEKLY FULL CONTAINERSHIP FEEDER Vessel name voy sin p.511 words
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Advertisement1222 1995-02-07 32 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FW Kl SM lit HAUL YV* f0» FDK Kl SM IIM HAU S«V «M NYC HAN IN ROTTERDAM 02* 11/2 DUECT 2/3 3/3 4/3 HANJW ROIIOOAM 02K 11/2 H KUIUNG MPE 16/1 17/3 lt/3 HANJIN1,222 words
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Advertisement1269 1995-02-07 32 M y ±M z±U d -Ir4 I |T«W'i »KTi r?B i.s I > <->_ k i>u if.. wwwwwMnouiicnw mc lmv mniwwn a> w I !S£V?i iM M ,4',J 17/1 /2 n/2 227 M/ 24/2 24/2 1/1 21/J 23/3 3 3/4 4/4 5 4 4/4 7/4 17/4 27/4 1/5 3/5 I'1,269 words
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Advertisement1885 1995-02-07 33 W VARNA (BULGARIA) COMSTANTZA (ROMANIA) VIA UMASSOL 3 SAILING PER MONTH 6—ral AffMrtc T1 <G»nor»l): 22*1900 Booting: Aftocr D*wt: rnCTJff CMIPPIiIfi PTr I Tl» f 2»1IM ConfeW: 4MM4I/M4 Caritiw Svc B/l: 4MM«2 Opormttom Cw«*Mr 4705/15 inlrrl/tb rlt IfO rates: 2MM COSHir cumwmUtmat. 4M5<St M; *****03 M c 117*7****** M Fan:1,885 words
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Advertisement871 1995-02-07 33 Q HEUNG-A SHIPPING (KOREAN FLAG) I FUUT COmMBHZH) KBWICE I I COWVEmMWt SBIVKt ~1 I JAKAUT A SVC [PKtiHKQI MM I*T 1 HKQ I INC j I I PW[ HK»i j>« IJKTI OYI HKOIWrf ttOMAIWON <1/1? 00/0? 11/0? 13/0? 10/0? ?3/0? H/K K/K MX IDOHm M2W 04/02 10/*****/021 ?0/o?|?ii/0? OVO3871 words
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Advertisement306 1995-02-07 33 /if FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) NEXT GROUPAGE SERVICE TO CHINA ETA: 09th FEB. 95 CONTACT: KEN SIM/ SYLVIA HOT LINE: *****33 (30 LINES) P. KLANG PH: 0203-*****02 (10 LINES). PENANQ PH: 0204-*****7 (10 LINES) J. BAHRU PH: 0207-*****22 WE ARE306 words
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Advertisement122 1995-02-07 33 s pi DONGNAMA LINE fSmci tnmim UnrnUSi WWIWWW W P*fL» «sn (IBS) scr n rac mc IMK TMCa n*2R 12/02 IJ/K M/tt U/« */«2 «l/« 3 Msrm nun 11/n nm nm «/w «/u mm ma nm nm nm nm um ivu ms®*s ntxi M/i) 04.13 ii/u nm cm tin) scr122 words
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Advertisement948 1995-02-07 34 II SSEL VOY SN JKT VESSEL VOY SIN PEN PNABHUM 2WB Wad 8/2 THANA BHUM Tu. lln Pt Thu I 8/2 Pa BHUM »7» Fri 10/2 Wad —15/2_ K OTA JAOE JADC37 Wad M W JaTRA BHUM MS Sat 11/2 Tua 14/2 INTRA BHUM 5023 Fri 10/2~ Sat 11/2 Ba948 words
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Advertisement884 1995-02-07 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX; *****57 CR **********0N PORT KLANG PENANG vtsstl wr aw pkl vessel voy s* pew stA IAU(ItL 2*2? M/? (*tP) 10/2 (FBI) MCC CONVtYOR WO9 07/2 (TUt) 10/2 (FRq HOW GtMW ****** 10/2 (ffl) 12/2 (SUN) HOUR lAYA ***** 10/2 (FRI) 12/2884 words
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Advertisement1056 1995-02-07 35 ADVANCE CONTAINER LINES (PTE) LTD Z 140 Cocil StrMl. #12-00. PIL Building, Singapore 0106 L Z TEL: *****21 FAX *****19. TELEX RS ***** ACLPL (S Sathngt/Waak to PAT. 2 Swting* to BMT 1 SaMng to LCH) (1 StiHngt/Wm* ,fAI *n*tl VOY I UN I OKK am VESSEL VO* MM J«T1,056 words
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Advertisement962 1995-02-07 35 VtSStIS VOY SM tl mm HAHBURG THAAHS ROTTERDAM AMTWtRP Wilt 01 SA6ITIA SO7W 0«/02 01/03 03/03 05/03 06/03 07/03 Wilt DAQULA AO7R lt/02 00/03 10/03 12/03 13/03 U/03 Wit D'HYDRA HO7W 23/02 15/03 17/03 19/03 20/03 21/03 I Wilt Ot tYRA YO7R 22/03 24/03 2t/03 27/03 71,03 •AISO ACCEPTMG CAS962 words
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Advertisement609 1995-02-07 35 I BSfl gT MYANMA iBHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI( Pen P.Gdj TAN AH AIR V2W SAILED HTA-AN V2O7W 12/14 Feb MALAYSIA AGENTS BOUSTEAD SUPPING AGENCCS KU. TEL 02 03-*****00 PKL. TEL 02-03 *****67 PEN TEL 02-04-*****2 PGD: TEL 02-07-*****21/4 NIGERIAN NATIONAL SHIPPING609 words
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Advertisement718 1995-02-07 38 IB RICHFIELD MARINE AGENCIES (S) PTE LTD H TEL: *****33 (12 Lines) K FAX: *****15/*****03 KXI TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vhul Voy Eta Loading For Sport Andinel 38WB 03/04 Mombasa, Djibouti Assab Massawa Abbay718 words
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Advertisement905 1995-02-07 38 I Fli Hii I AFGHANISTAN M4M Afghanistan Ltd., HkJH Hairatan. Torghundi. Islamqala (Doqharun) mwmikmwm c.i.s./russia: Alma Ata. Ashkhabad. Baku. Dushanbe. I g t Irkutsk. Khabarovsk. Krasnoyarsk. Korsakov. Moscow. MllllZer fit MUnCn Novosobirsk. Sochi, Tashkent. Tbilisi. Vladivostok. Vostochny International Forwarders Mongolia: uiaan Bator N Korea; Pyongyang, Nampo EXPRESS CONTAINER SERVICE to905 words
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Advertisement549 1995-02-07 38 ■yAfIMN container LINES, INC I ~r\=/\"l A 0«nt«: MAC-NELS SPORE: *****22 (24 LINES) V—J > c/n No: **********0 C SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKI SIN 5549 words
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Advertisement15 1995-02-07 39 Legal discourses in digestible portions. The Law Page. Every Thursday. Business Times WE KNOW ASIA15 words
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Advertisement498 1995-02-07 43 I HYUNDAI I MERCHANT MABINE CO. ITD. WESTBOUND TO EUROPE BKG: *****61 *PNA P*l PGD VESSELS VOY SN RTM ANT LEH HAM BREJ PEL "OS/02 10/02 U/oT" SEA PROGRESS 315W ***** ***** 05/03 04/03 05/03 05/03 07/03 15/02 17/02 IS/02 H. CHALLENGER 314W 20/02 10/03 12/03 11/03 12/03 12/03 14/03498 words
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Advertisement357 1995-02-07 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRfR SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS vf SSI. VOT S* P* LOAOitG FOR cosmic CHALLENGER 37 SID SID «*IAI 7/2 SONBA, 31 5/2 SANTEN 1/2. JAKARTA 10/2 ORANGE MOON 60 U/2 BANGKOK 14/2 KU2MA GMDASH 1*357 words
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Advertisement712 1995-02-07 43 VESSEL VOY SIN ETA/D LAX OAK I CHI I DAL HEM/COL HOU I NYC NOR HENRY HUOSON BRIDGE 81A 09/02 /10/02 26/02 28/02 01/03 02/03 02/03 03/03 03/03 04/03 ALLIGATOR VICTORY 59A 16/02/17/02 05.03 07/03 08/03 09/03 09/03 10/03 10/03 11/03 MACKINAC BRIDGE 83A 23/02/24/02 12/03 14/03 15/03 16/03 16/03712 words
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Page 43 Miscellaneous
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Miscellaneous307 1995-02-07 43 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1710 1800 1900 2000 2100 2200 2300 JR 1.3 1.8 2.3 2.5 2.6 2.4 2.0 16 1.2 10 0.9 0.9 1.1 1.4 1.8 2.0 2.1 2.0 1307 words
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Advertisement8 1995-02-07 44 H I ANALYSIS I Tomorrow in Business Times8 words
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