The Business Times, 18 February 1995
1995-02-18
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The Business Times
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Title Section14 1995-02-18 1 Business Times MITA(P) 194/12/94 Weekend Edition, February 18-19 1995 Wli KNOW AY/* 85 c14 words
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427 1995-02-18 1 Ho Kay Tat - From Ho Kay Tat ORIENTAL HOLDINGS Bhd stock surged 30 per cent yesterday on speculation that the company would become a takeover target now that its 78-year-old patriarch, Loh Boon Siew, has died. The stock, which ended the morning session in quiet427 words
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311 1995-02-18 1 Ho Kay Tat - From Ho Kay Tat HOT stock Multi-Purpose Holdings Bhd (MPHB) yesterday said it was unable to verify rumours that the Hong Leong Group was buying up its stock for a takeover bid. MPHB gave a brief reply to a311 words
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162 1995-02-18 1 SINGAPORE Activity on regional stock markets cooled yesterday, despite another re-cord-breaking overnight session on Wall Street. In Singapore, dealers said the market was not excited by the Dow Jones Industrial Average having risen 1.35 points to a record close of 3,987.52.162 words
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2am LATEST
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Article79 1995-02-18 1 Reuter NEW YORK Wall Street stocks climbed off their lows at midday yesterday, but remained depressed by a struggling dollar and bond market and a sell-ofT in shares of high-tech giant Motorola Inc. The Dow Jones Industrial Average was down 8.41 at 3,979.11 at Ipm EST, afterReuter - 79 words
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Article, Illustration398 1995-02-18 1 Maggie Ford - From Maggie Ford in JAKARTA INDONESIA'S Bimantara group announced yesterday that it was planning to construct a US$l.5 billion (552.17 billion) oil refinery in East Java. Bambang Trihatmodjo, who controls the group, told a news conference that the company planned398 words
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431 1995-02-18 1 Shiv Taneja - By Shiv Taneja SINGAPORE Spending on credit cards reached a record Si.s billion in the fourth quarter of last year, figures released yesterday show. And outstanding balances which attract interest of at least 24 per cent a year hit a431 words
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318 1995-02-18 1 Ramesh Divyanathan - By Ramesh Divyanathan SINGAPORE The Committee to Discourage Double Transfers of Certificates of Entitlement (COEs) is expected to release its findings today. The Registry of Vehicles said yesterday that the committee, headed by Government Parliamentary Committee (Communications) chairman Heng Chiang Meng. will hold318 words
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321 1995-02-18 1 Reuter NEW YORK The dollar gained against major eurrencies at midday yesterday following a morning filled with rumours of central bank intervention, dealers said. The morning rally brought the dollar to the brink of 1.49 marks. Despite the widespread interventionReuter - 321 words
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Article173 1995-02-18 1 Stock market indices Friday Change STII 2,137.13 +4.06 KLSEComp 995.24 +5.25 Nikkei 18,020.51 +239.92 Hang Seng 8,043.01 -90.33 SET Index 1,304.27 -3.95 Jakarta Comp 453.14 -2.45 Manila Comp 2,609.76 -23.20 Taipei WPI 6,646.25 -0.3 Seoul Comp 910.23 -13.26 Bombay BSE30 ..3,383.89 -25.80 CLSA China B 824.89 7.89 Aust173 words
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Page 1 Advertisements
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Advertisement12 1995-02-18 1 The Benetton story: el i Luciano, f/r£ risk-taker Full reports, Pgs 12-1612 words
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Advertisement16 1995-02-18 1 Stocks: el 5 Asian markets looking good Renovation loans exempted from new MAS rules, Pg 216 words
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Advertisement59 1995-02-18 1 Hock Lock Siew: Pk 6 Brazilian frosts turn Prasidha into hot stock :*[(`"!]}([+@{'?%})`=.[=>]{}<;' MAS exemption, Fg 2 Survey on credit cards, Pg 2 Details of March COE results, Fg 2 FO R. lES f iUDEMARS PIGUET* The master watchmakers. Regional Agent AUDEMARS PIGUET SINGAPORE PRIVATE LIMITED. 250 North Bridge Road59 words
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SINGAPORE NEWS
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582 1995-02-18 2 Quak Hiang Whai - By Quak Hiang Whai HOME renovation loans arc excluded from the recent stringent guidelines introduced by the Monetary Authority of Singapore (MAS) to check the sharp rise in unsecured loans to individuals. In its third set of waivers since the guidelines were introduced582 words
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Article, Illustration210 1995-02-18 2 HEWLETT-Packard Singapore has decided to replace outgoing managing director Alex Chan with the managing director of sales in Malaysia. Chcah Kean Huat. Mr Chan is leaving Hew-lett-Packard next month to join food and beverage company Yeo Hiap Seng as managing director210 words
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208 1995-02-18 2 A SURVEY has shown 70 per cent of people cited convenience as the main reason for applying for a credit card. Other prominent reasons given were credit terms and the status of owning a card. The poll carried out by final-year banking208 words
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Article117 1995-02-18 2 SINGAPORE Post will charge revised postage rates from April 1. On the domestic front, the company will raise the cost of the first 20 grams to 22 cents from 20 cents currently. The hike is aimed at offsetting some operating costs, which have risen117 words
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Article88 1995-02-18 2 March COE Prevailing quota Total bids Highest Lowest COE quota price premium received bid bid Small cars (1000cc i under) 271 22,230 25,033 522 28,000 1 Medium cars (1001cc -1600 cc taxis) 1724 35,250 41,864 4,502 70,020 1 Big cars 1601cc 2000cc) 430 38,888 65,74088 words
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220 1995-02-18 2 Ho Kay Tat - From Ho Kay Tat MALAYSIA'S latest financial weekly The Edge has been given the go-ahead to circulate in Singapore. The glossy tabloid-size magazine has appointed Market Asia Distributors (S) Pte Ltd its Singapore representative after obtaining approval from the220 words
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Article, Illustration376 1995-02-18 2 Abdul Hadhi - By Abdul Hadhi APPLICANTS of flats in mature estates stand a l-in-20 chance of being successful under the first-quarter booking exercise, which closed on Jan 21. Acting Minister for National Development Lim Hng Kiang yesterday said that "demand for flats in376 words
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Article, Illustration283 1995-02-18 2 SINGAPORE and Malaysia have set up a working group to tackle illegal tanker cleaning in their waters. The Malaysia-Singapore Joint Committee on the Environment announced the formation of the group yesterday after a special meeting here. The committee will lookReuter - 283 words
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Page 2 Advertisements
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Advertisement286 1995-02-18 2 Get Key Pi nd out how the rec ent interest|f ■l| rate hikes will affect the Big Four M I L|/v banks'bottomline. MM B J B Company Spotlight provides: Key information about the 181 #1 I Tfl company, including its I m 4 I financial position over several I J286 words
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Page 2 Miscellaneous
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Miscellaneous456 1995-02-18 2 WEATHER 1 WfcATHEW 1 Singapore: Showers over several areas in the afternoon. Temperature (24-32*) hu radk Hi/lV Cm*. larap* NVU* Cm* Buenos 28,18 Ooudy AucMand 23/17 Ooudy Amsterdam 06 02 Cloudy Ctacago Q3/-5 Cloudy BargKofc 34/25 Sunny Athens 16,«8 Sumy Honokiu 27/18 Cloudy Bewng 07/-6 Cloudy Ber»n 04/1 Cloudy Houston456 words
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THE REGION
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562 1995-02-18 3 Bloomberg Business News HONGKONG Chinese trade and inflation figures for January have many economists and investors convinced that the economy is heading for a soft landing. Consumer prices in 35 major cities rose 22.5 per cent on the year in January,Bloomberg Business News - 562 words
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Article, Illustration54 1995-02-18 3 Reuter HONGKONG Residents of a run-down apartment which houses 20 people looking through their iron security door in Hongkong yesterday. A prestigious Hongkong charity has denied operating the old people's home where residents live in caged beds and share one toilet and kitchen in conditions described as worseReuter - 54 words
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222 1995-02-18 3 SINGAPORE A Yaohan joint venture in China has raised US$4B million (5569.5 million) more for its department store project in Shanghai. The company, Shanghai No 1 Yaohan Co Ltd, raised US$4O million in December last year. Both amounts arc bank loans. Shanghai No I222 words
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342 1995-02-18 3 Reuter BEIJING China unveiled an ambitious blueprint yesterday to rebuild Beijing's Zhongguancun district, known as China's "Silicon Valley", and will open the projects to international bidding, Xinhua news agency said. Prof Zhou Guangzhao, president of the prestigious Chinese Academy of Sciences, andReuter - 342 words
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285 1995-02-18 3 AFP HONGKONG The governor of Guangdong province announced yesterday that a halt would be made to new property development projects in a bid to curb inflation, reports here said. In his government work report delivered at the opening of the provincial People's Congress inAFP - 285 words
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307 1995-02-18 3 NST KUALA LUMPUR The swapping of 2.500 Proton cars and 20 SME MD3-160 acrobatic trainer aircraft for six Indonesian military transport aircraft and maintenance of the Indonesian air force's CN-235 and Hercules C-130 transport aircraft by a Malaysian aircraft servicing companyNST - 307 words
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447 1995-02-18 3 Reuter, Bloomberg Business News BEIJING China yesterday hailed plans to assess val-ue-added tax on transfers of real estate, saying the reform would take the profit out of property speculation and leave the market to genuine investors. A deputy director of theReuter,; Bloomberg Business News - 447 words
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369 1995-02-18 3 Reuter TOKYO Japan rebuffed American efforts to pry open its car market on Friday as the European Union fended off I okyo's attempts to ship more ol its cars to Europe. A round of talks between the United States and Japan,Reuter - 369 words
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415 1995-02-18 3 The Straits Times JAKARTA The Indonesian military sees its present role on the political stage as that of a supporting player with the lead being taken by civilians, the newly-installed chief for sociopolitical affairs has said. Maj-Gen Mochammad Ma'ruf. 52, told the localThe Straits Times - 415 words
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ASIA NOTES
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74 1995-02-18 3 Reuter NEW DELHI India, under pressure from foreign investors, plans to streamline its cumbersome commercial dispute-settle-ment system to speed up cases and cut costs. Supreme Court Chief Justice A M Ahmadi said yesterday. Justice Ahmadi said the government was drafting a bill that wouldReuter - 74 words
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Article, Illustration67 1995-02-18 3 Reuter BEIJING A disconsolate Liang Yanghua, 18 and unemployed, begging for money in a street here yesterday. The sign around her neck tells onlookers of her plight her family abandoned by the father who has a mental illness, her family's house and belongings destroyed by fire andReuter - 67 words
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116 1995-02-18 3 Reuter SEOUL An inquiry into claims that South Korean firms bribed potential North Korean partners has put a brake on growing business links between the hostile neighbours, government and company officials said. A Unification Ministry spokesman said results of an investigation into several firms whichReuter - 116 words
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94 1995-02-18 3 Reuter BOMBAY A Japanese satellite may pick up business following the launch failure of the Apstar 2 satellite from broadcasters targeting the large South Asian market, satellite experts said yesterday. Tadashi Wakasa, chairman of Lios Planning, told Reuters that his Tokyo-based company has leased eightReuter - 94 words
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REGION/WORLD
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502 1995-02-18 4 But total trade gap in December narrowed AP, Reuter, Bloomberg Business News WASHINGTON The United States posted its biggest merchandise trade deficit in history last year as a surge in imports swamped a record level of exports, the Commerce Department reportedAP,; Reuter,; Bloomberg Business News - 502 words
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508 1995-02-18 4 Bloomberg Business News, Reuter, AFP WASHINGTON US Trade Representative Mickey Kantor said trade talks between the US and China were "measured, professional and progressing", but declined to give further substantive details. The talks on intellectual property rights are to continue throughBloomberg Business News,; Reuter,; AFP - 508 words
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337 1995-02-18 4 Reuter WASHINGTON Movie makers, musicians and other creators of copyright works make up one of the fastest growing sectors of the nation's economy, a new study shows. But the copyright industries, which include the vibrant US computer software arena, estimate thatReuter - 337 words
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472 1995-02-18 4 Bloomberg Business News WASHINGTON US Treasury Secretary Robert Rubin and Mexican Finance Minister Guillermo Ortiz yesterday began a crucial meeting on hammering out final details of a USS2O billion (SS29 billion) US financial rescue plan. The Mexican peso fell nearly 2 per cent onBloomberg Business News - 472 words
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Article, Illustration509 1995-02-18 4 The Washington Post, AFP ROME An ominous scenario has been sweeping Rome and other continental capitals this week, titillating political analysts and provoking shivers of anxiety among bankers: Could Italy, the suggestion goes, soon become the next Mexico? A troubling financial situationThe Washington Post,; AFP; Reuter - 509 words
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Article1703 1995-02-18 4 «ji nm ETA n» at; Fig* EU FH* n®_ Abu Dhabi GA890 0110 Wlfllw MI931 2045 MI932 0920 GA8eo Hanoi VN741 1310 SQ176 113)0 Amman RJ187 0130 SQ175 1905 VN740 1410 Amsterdam KL837 1540 GA890 0815 Hatyai MI895 2300 TG408 0620 SQ324 2330 MI896 1920 I1,703 words
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211 1995-02-18 4 Reuter FRANKFURT Germany's IG Metall Engineering Workers' Union yesterday rejected a management offer of last-ditch weekend pay talks and said a strike in the industry was now inevitable. IG Metall president Klaus Zwickel told a news conference nothing in the management's positionReuter - 211 words
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238 1995-02-18 4 Reuter LONDON The London High Court yesterday gave the go-ahead for the Wellcome Trust to sell its 39.5 per cent stake in drugs company Wellcome pic to hostile bidder Glaxo pic. But the court modified the original terms of the Trust'sReuter - 238 words
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THE WORLD
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450 1995-02-18 5 Neil Behrmann - From Neil Behrmann in LONDON INFLATION in the leading industrialised countries has fallen to its lowest level in three decades, says the Organisation for Economic Cooperation and Development (OECD). It said in its monthly inflation report on Thursday that450 words
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Article, Illustration48 1995-02-18 5 Reuter HL AQLILLAS, Ecuador Ecuadorans and Peruvians smuggling fruit at the border between Ecuador and Peru on Thursday. The two countries are locked in a border conflict and people are not allowed to bring food into or out of Peru. ReuterReuter - 48 words
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252 1995-02-18 5 Reuter STRASBOURG, France Revised European Union TV and film quotas should be time-limited and should exclude new media products such as video-on-demand systems, EU Culture Commissioner Marcelino Oreja said on Thursday. The Spaniard said he favoured retaining, with revisions, the 15-countryReuter - 252 words
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394 1995-02-18 5 Reuter LONDON British Prime Minister John Major slapped a gag on his cabinet ministers on Thursday to stop a rash of damaging public disagreements over European policy. Mr Major, battered by splits in his party and by record poll lows, toldReuter - 394 words
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240 1995-02-18 5 Reuter BRASILIA Brazilian President Fernando Henrique Cardoso announced economic reform proposals on Thursday that include easing the state oil and telephone monopolies and lifting restrictions on foreign investment. Mr Cardoso said the six constitutional reforms he was sending to Congress were vital to the long-termReuter - 240 words
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323 1995-02-18 5 Los Angeles Times WASHINGTON The Justice Department has opened a preliminary inquiry to decide il Commerce Secretary Ronald Brown's financial practices should be investigated by an independent counsel. Attorney-General Janet Reno. who ordered the 90-day inquiry opened on Wednesday, did notLos Angeles Times - 323 words
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622 1995-02-18 5 NYT NEW YORK It has finally happened: law firms are going through the same wrenching changes that their corporate clients have endured. Big firms are getting bigger, small firms are finding niches, mediumsized firms are feeling squeezed. And the legal worldNYT - 622 words
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Article, Illustration402 1995-02-18 5 Bloomberg Business News NEW YORK Donald Trump has gone to court in a bid to wrest control of the Empire State Building from Harry Helmsley and others who hold a long-term lease on the famed Manhattan skyscraper. Mr Trump, who last summerBloomberg Business News - 402 words
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WORLD WATCH
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Article, Illustration35 1995-02-18 5 Reuter NEW York The 19th Century classic October by James Jacques Joseph Tissot sold for U553,082,500 (554,438,800), nearly twice the expected price, during an auction at Sotheby's auction house in New York. ReuterReuter - 35 words
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88 1995-02-18 5 AFP OTTAWA US and Canadian negotiators on Thursday initialled an "open skies" agreement liberalising airline access to both markets, a deal that is expected to be signed next week during US President Bill Clinton's visit. The agreement will allow Canadian carrier unlimited access fromAFP - 88 words
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77 1995-02-18 5 Reuter WASHINGTON Defying a presidential veto threat, the Re-publican-controlled House of Representatives voted on Thursday to cut and even eliminate US payments to UN peacekeeping operations. The House rejected by voice vote an effort to eliminate a requirement in a Republican "Contract With America"Reuter - 77 words
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Article58 1995-02-18 5 Bloomberg Business News WASHINGTON The Federal Bureau of Investigation arrested a man alleged to be the world's leading computer hacker, the British Broadcasting Corp reported. Kevin Mitnick is accused of stealing sensitive company information and sabotaging computer networks. The FBI chased Mitnick through the InternetBloomberg Business News - 58 words
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COMPANIES & MARKETS
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537 1995-02-18 6 Genevieve Cua - By Genevieve Cua SINGAPORE The new owners of listed food group Goodman Fielder Asia (GFA) are expected to dip into its cash pile of $195 million to acquire non-food businesses such as financial services and property, say sources close to the deal.537 words
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231 1995-02-18 6 SINGAPORE Acer Computer International said net profit more than doubled to US$l7 million (5524.6 million) in calendar 1994, thanks to successful joint ventures in the region and speedy shipment of products. Acer Computer, 85 per cent owned by Taiwan's Acer Inc, said net231 words
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Article, Illustration338 1995-02-18 6 Lilian Ang - By Lilian Ang SINGAPORE Listed Centrepoint Properties Ltd (CPL) plans to start building a sevenstorey extension to the Centrepoint Shopping Centre at Orchard Road this year. Sources say the new extension, which has been under consideration for the last two338 words
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836 1995-02-18 6 Maggie Ford - HOCK LOCK SIEW By Maggie Ford JAKARTA When Indonesia's biggest coffee trading company started to plan a listing on the Jakarta Stock Exchange early last year, its executives had no idea Mother Nature would smile on their company's fortunes so soon. Just three836 words
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333 1995-02-18 6 Neil Behrmann - From Neil Behrmann in LONDON LONDON HSBC Hojding's pre-tax profits will rise by 16 per cent to £3 billion for the year ended Dec 31, 1994. according to The Estimate Directory. The average forecast for earnings per share is 75.4 pence, up from333 words
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130 1995-02-18 6 SINGAPORE Sesdaq-listed Heshe Holdings has sold a property in Centrepoint, Orchard Road, for about $4.25 million to repay loans from substantial shareholder First Capital Corporation. Heshe said yesterday that the property a 99-year lease retail outlet with built-up area of about 103 sq130 words
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EYE on your STOCKS
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Article20 1995-02-18 6 For next week's expected market sentiment, see BT Sentiment Index on FA A (Personal Finance A Investment section)20 words
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Article, Illustration152 1995-02-18 6 Paul Leo - By Paul Leo MALAYAN Credit has been trending upwards steadily for the past eight years on the monthly charts and the uptrend is still very much intact. From 37.4 cents in May 1986, it has surged more than 10-fold to its all-time high of $3.92 in October 1994.152 words
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COMPANIES
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487 1995-02-18 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR EKRAN BHD has cleared another hurdle over the MS 15 billion (SSB.B billion) Bakun hydroelectric dam project after receiving clearance from the Prime Minister's Department to start preparatory works. A letter of intent was487 words
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Article, Illustration508 1995-02-18 7 AFP BANGKOK Troubled property developer Bangkok Land Co (B-Land) suffered a sharp drop in profit for the three months to December as it struggled to cope with difficult operating conditions, analysts said yesterday. The main spokesman for the conglomerate could not be reachedAFP - 508 words
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375 1995-02-18 7 Bloomberg Business News BANGKOK United Communication Industry pic (Ucom) says it has agreed to change its cellular phone unit from a wholly-owned business to a joint venture with a state agency. Ucom said yesterday that it had signed a memorandum of understandingBloomberg Business News - 375 words
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378 1995-02-18 7 Ruth Wong - From Ruth Wong in KUALA LUMPUR KELANAMAS Industries director Mohamed Hashim Mahmud Hashim has refused to comment on rumours linking the company in a possible reverse takeover by Rozali Ismail via the injection of a state water privatisation project in Selangor. "We378 words
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190 1995-02-18 7 Reuter BANGKOK Bangkok Expressway Company pic told the Securities and Exchange Commission it would soon file revised financial data as part of its bid to float the company. BECL through its financial adviser, the Industrial Finance Corporation of Thailand, is expectedReuter - 190 words
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157 1995-02-18 7 AFP JAKARTA Deutsche Telekom is ready to tie up with rival Cable and Wireless for a joint stake of at least 40 per cent in Indonesia's satellite communications company, PT Satelindo, sources close to the deal said yesterday. PT Satelindo shortlistedAFP - 157 words
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524 1995-02-18 7 Bernama KUALA LUMPUR Permodalan Nasional Bhd will focus on the emerging markets of Asia for investment this year as it is increasingly seen as an area with investment potential, said its chief executive officer Hilmey Mohd Taib. Saying that PNB would not ignoreBernama - 524 words
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COMPANY BRIEFS
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Article27 1995-02-18 7 SINGAPORE Singapore Aerospace yesterday proposed changing its name to Singapore Technologies Aerospace in line with the restructure of parent company Singapore Technologies Holdings.27 words
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42 1995-02-18 7 SINGAPORE Lawry's PRC Investment has acquired a 60 per cent stake in Kennedy's (China) Investment, a Hongkong firm that will be involved in investment holding and acquiring rights related to the ice-cream and restaurant business.42 words
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Article41 1995-02-18 7 SINGAPORE Sesdaq-listed Wepco has granted Duraco Industries an option to buy its property at No 9 Fourth Lokyang Road for 52.85 million. The $1.36 million proceeds of the sale will be used to reduce bank borrowings.41 words
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Article19 1995-02-18 7 SINGAPORE Tan Lian Seng has resigned as an executive director of Wepco because other commitments.19 words
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29 1995-02-18 7 SINGAPORE Singapore National Printers has changed its name to SNP Corp and its shares will be traded under the new name from Feb 22.29 words
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Article29 1995-02-18 7 SINGAPORE Jurong Cement and Sea View Hotel have obtained approval from the Chinese authorities for their investment in two cement manufacturing plants in Zhejiang province.29 words
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Article46 1995-02-18 7 SINGAPORE Hotel Properties has acquired 30 shares of SSI each in Obstar Telecoms. Obstar is being used by a consortium HPL (30 per cent), Vickers Ballas Holdings (25) and Join Asia Investment (45) to tender for a radio paging licence here.46 words
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Article41 1995-02-18 7 Bernama KUALA LUMPUR The chairman of KFC Holdings' proposed extraordinary general meeting to be held here today had been directed to declare the meeting adjourned as soon practicable after it began. KFC Holdings said yesterday. BernamaBernama - 41 words
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Article34 1995-02-18 7 Bloomberg Business News BANGKOK NTS Steel Group has reported a 78 per cent fall in fourth-quarter net profit last year to 25.2 million baht (551.46 million). Bloomberg Business NewsBloomberg Business News - 34 words
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432 1995-02-18 7 MBT KUALA LUMPUR PanGlobal Equities Bhd has forecast that a series of proposed acquisitions would bring its pre-tax profit to M 591.42 million (5551.9 million) for the year ending this Dec 31, a big jump from the MS 10 million estimated for lastMBT - 432 words
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Article290 1995-02-18 7 Payment Ex Books Pay date close date Asia Pacific F 20N Feb 6 Feb 10 Feb 22 Avimo 20* F I2.5TE Mar I Mar 7 Apr 15 A/lcch 5* b 20TE May 11 May 16 May 31 Berjaya Group I 6 Mar 7 Mar 21 Apr 21 Bcrjaya290 words
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Article571 1995-02-18 7 UNIT TRUSTS FUNDS Managers' price* Feb 18 A 20 US Gr Fund I 00 I 04" Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.61 1.70 I nitund 1.36 1.42 The Savings Fund 1.54 1.63 Unibond* 1.015 1.045 S'pore Prog Fund 0 58 0.62 United Gr Fund« 1.57 1.64571 words
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COMPANY BRIEFS
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90 1995-02-18 8 Reuter HONGKONG Hongkong will grant a "build, operate and transfer" franchise for the Route 3 expressway to Route 3 (CPS) Co Ltd, the government said yesterday. The company comprises Sun Hung Kai Properties Ltd, Bank of China Group Investment Ltd, China ResourcesReuter - 90 words
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Article61 1995-02-18 8 AFP TOKYO Sony Corporation said yesterday it has signed an agreement with US software company Oracle to supply a multimedia electronics system for newsrooms. The system would help to "dramatically simplify and speed up the preparation of news broadcasts", they said. It would simultaneously handleAFP - 61 words
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Article75 1995-02-18 8 Reuter FORT LAUDLRDALE. Florida Royal Crown Co Inc, trying to relaunch its slate of soft drink brands, is interested in buying 7-Up to make a big splash. Royal Crown chief executive John Carson said on Thursday. "We've made it clear that we're interested inReuter - 75 words
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91 1995-02-18 8 Rcuter NEW YORK International Business Machines Corp's art collection, which has been developed since the *****, is about to go on the auction block, the Wall Street Journal reported yesterday. IBM purchased many of the works, which include American masters such as Winslow Homer,Rcuter - 91 words
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244 1995-02-18 8 AFP SHANGHAI A hotel stock, the first company to go public from remote Tibet, made a sparkling debut on the otherwise dull Shanghai Stock Exchange. which closed some four points lower yesterday, brokers said. The Composite Index, the leading market indicator, fellAFP - 244 words
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545 1995-02-18 8 Bloomberg Business News Reuter. CANBLRRA Rupert Murdoch yesterday increased his stake in Australia's largest newspaper group, joining fellow media moguls Conrad Black and Kerry Packer in a three-pronged attack on the government's media ownership rules. Stockbrokers said Mr Murdoch increased his stake inBloomberg Business News; Reuter. - 545 words
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Article, Illustration396 1995-02-18 8 AP SAN JOSE Intel Corp disclosed details of its next-gencr-ation microprocessor on Thursday, a computer brain the company is counting on to keep ahead of its growing competition. The new processor, for now called P6, will be shipped later this year, initially poweringAP - 396 words
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274 1995-02-18 8 Bloomberg Business News SLOUL Shares in subsidiaries of the Sunkyong Business Group, South Korea's fifthlargest conglomerate, plunged yesterday on reports that the group is facing a tax probe. However, a spokesman for Sunkyong Ltd said he was unaware of any governmentBloomberg Business News - 274 words
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255 1995-02-18 8 Bloomberg Business News NEW YORK Lehman Brothers did a "lousy marketing job" as lead underwriter for Globalstar Telecommunications Ltd's initial public oflfering on Tuesday, said CNBC correspondent Dan Dorfman, quoting Globalstar stockholders and two people from Salomon Brothers Inc. another underwriter. The Hamilton, BermudabasedBloomberg Business News - 255 words
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SHIPS IN PORT
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Article358 1995-02-18 8 Vwsd Voy Wo Bwth Amvi Dtparhie Vessel Voy No B«th Arrival Dcpartue Marina Wharves M»nP ia/or poia 1802 osoo 1102/1500 Mdf>t Faith 6 K23 1203 0800 18.02/2300 Mercury Gold 03£ P02 1702/1500 1902,0500 Muata Mas 07W P03 1802/1500 1802/1800 Pasir Panianz Terminal N,Wl01 ***** U«/»» 1802 0600358 words
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Article1523 1995-02-18 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinc/Baiance Rsits Ship Voy No Etb/Btr Period From To From 19 0600 1A 17/1500 17/1669 17/1*0 2A 17/1700 18/0669 18/0900 3 18/0700 18/1159 18/1400 4 18/1200 18/1159 18/1700 Ad Gomluro. USB51,523 words
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FINANCE & COMMODITIES
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Article, Illustration724 1995-02-18 9 Reuter TOKYO Japanese banks are once again at the mercy of Tokyo's slumping stock market as the end of their business year on March 31 threatens to saddle them with huge appraisal losses on their shareholdings. If Japanese stock prices onReuter - 724 words
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257 1995-02-18 9 Bloomberg Business News LONDON Royal Insurance pic and Guardian Royal Exchange pic start the composite insurer earnings season next week, after a year when good weather and low claims fuelled record UK underwriting profit. As few earnings surprises are expected, analysts willBloomberg Business News - 257 words
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SMALL CHANGE
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82 1995-02-18 9 AFP MANILA The First Commercial Bank of Taiwan has been granted authority to open a representative office in the Philippines, Central Bank governor Gabriel Singson said yesterday. The bank's major activity is financing international trade transactions and is expected to facilitate trade between theAFP - 82 words
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75 1995-02-18 9 Knight-Ridder HONGKONG Credit Lyonnais Financc has launched 30 million one-year "up and out" call warrants on Hongkong's Hutchison Whampoa for investors who are moderately bullish on the stock, a spokesman for the investment bank said yesterday. The warrants allow the holder to benefit from risesKnight-Ridder - 75 words
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110 1995-02-18 9 Bloomberg Business News TAIPEI National Investment Trust Co yesterday said that on March 1 it will begin selling the first Malaysia country fund offered by a Taiwan mutual fund company. The NITC Malaysia Fund will be open-ended, so investors can sell the shares back toBloomberg Business News - 110 words
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120 1995-02-18 9 Bloomberg Business News TOKYO Vietnam will package debts owed to foreign banks and issue securities backed by those debts, the Nihon Keizai newspaper said. The country has outstanding debts between US$7OO million and US$BOO million, about half of which was extended by Japanese banksBloomberg Business News - 120 words
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265 1995-02-18 9 Knight-Ridder ZURICH Bank for International Settlement reporting banks continued their apparent retrenchment from lending to Latin American countries in the third quarter of 1994. the BIS said in its latest report on international banking and financial market developments. BIS reporting banks areKnight-Ridder - 265 words
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466 1995-02-18 9 Bloomberg Business News NEW YORK Credit card fraud, once one of the world's hottest growth industries, is taking it on the chin. After increasing at doubledigit rates in the late 1980s and early *****, credit card crime declined in 1993 andBloomberg Business News - 466 words
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284 1995-02-18 9 Reuter MANAMA Arab Banking Corp BSC (ABC), one of the Arab world's most powerful banks, reported on Thursday a 22 per cent decline in its consolidated net profit for 1994 but said it was recommending an unchanged dividend. The net profit fellReuter - 284 words
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471 1995-02-18 10 Reuter KUALA LUMPUR Malaysia's central bank will issue another MSI billion (SSS6B million) in treasury bills next week but. like earlier issues, they are not expected to garner foreign interest because of unattractive yields, money market dealers said yesterday. Bank NegaraReuter - 471 words
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Article, Illustration302 1995-02-18 10 DBS Bank weekly currency review LS$/D\l: heading lower The greenback fell to a low of 1.4865 on Thursday after breaking crucial support at 1.5150. A bearish USS/DM is expected, with initial support seen at 1.4855. A break of this level may confirm302 words
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319 1995-02-18 10 Bloomberg Business News HOUSTON Exxon Corp's chemical division and Phillips Petroleum Co's chemical unit said separately they are either considering or starting to expand their ethylene plants to meet increased demand for the basic petrochemical. Exxon Corp's chemical division said itBloomberg Business News - 319 words
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272 1995-02-18 10 AFP JAKARTA A government minister has blamed the monopoly of plywood output held by the Association of Indonesian Wood Panel Producers (Apkindo) for last year's fall in exports, news reports said on Thursday. "Data shows that plywood demand in the three majorAFP - 272 words
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318 1995-02-18 10 Reuter KUALA LUMPUR The outlook for cocoa bean exports from Asia in coming months looks uncertain as bad weather has hit the new Indonesian crop and rising local demand will cut Malaysian sales, regional trade sources said. "It looks certain that the IndonesianReuter - 318 words
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351 1995-02-18 10 Reuter WASHINC.TON The Clinton administration said US dependence on imported oil may pose a threat to national security, but rejected imposition of a tariff to curb imports. Instead it called for continued investment in alternative fuels, new technologiesReuter - 351 words
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318 1995-02-18 10 ENERGY REPORT Bloomberg LONDON Crude oil futures extended Thursday's pet-rol-inspired rally ahead of a three-day weekend in the US and the expiry of March crude on the New York Mercantile Exchange, Tuesday. Petrol futures rose amid low US supplies and speculation that the Environmental ProtectionBloomberg - 318 words
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Article199 1995-02-18 10 Reuter LONDON The dollar tumbled under its 1994 low against the mark in early European dealings after Mexican woes added to the dollar's troubles overnight. The mark's surge in cross trading has helped to push the dollar down nearly four pfennigs this week. It was trading atReuter - 199 words
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Article90 1995-02-18 10 AFP NEW YORK The dollar fell to 1.4830 German marks when trading on Wall Street opened yesterday after the Commerce Department announced a record US trade deficit for last year. That was slightly up, however. on the 1.4789 mark level set earlier in London which was the greenback'sAFP - 90 words
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Article, Illustration1713 1995-02-18 10 liimli' n«ifhlnl imle\ takulaleil <i<uhcm Sjwr't hip 14 trading [tanners Bum year I9S> US$/S$ forward rates Noon /Feb 17 ss Bid Offer 1-month 1.4452 ***** 2-month ***** ***** 3-monlh I 4383 I 4J98 6-month 1.4310 ***** Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi on Fcfe 17 Singapore dollars1,713 words
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COMMODITIES & FUTURES
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Article1514 1995-02-18 11 SIMEX REPORT SINGAPORE Simex Euroyen futures ended higher as the Nikkei Index dropped to its lowest level in three weeks, stealing the limelight Irom Eurodollar futures which edged higher but awaited US inflation data last night. Dealers said the fall in the Nikkei cash index below1,514 words
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Article661 1995-02-18 11 COMMODITY REPORTS Gold HONGKONG: Gold yesterday closed at the day's high on late buying in quiet and narrow trading. Gold ended at U*****.80/ U*****.30 an ounce, up from New York's U*****.20/70 close and the local opening of U*****.40/90. "Gold was boosted by weakness of661 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article65 1995-02-18 11 TOKYO Production of aluminium sheets and extruded products by Japan's seven major fabricators totalled 110.014 tonnes in January*, up 8.6 per cent from a year before. January production of aluminium sheets rose 6.4 per cent to 83.001 tonnes. Exports of aluminium sheets were 11.876 tonnes,65 words
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Article57 1995-02-18 11 HONGKONG China has reached an agreement with Cuba to import 400.000 tonnes of sugar this year, the China Daily newspaper reported jesterday. Cuba contracted to provide China 400.000 tonnes of sugar last year, but only 287.000 were shipped. Cuba promised to deliver the remaining portion57 words
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Article67 1995-02-18 11 HONGKONG China's crude oil imports in December plunged 51.4 per cent from a year earlier to 3.59 million tonnes, from 7.39 million, figures published by the China Petroleum Data Monthly show. Import figures for December 1994 were halved year-on-year, because in December 1993 traders67 words
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Article50 1995-02-18 11 SYDNEY Australian beef exports to Japan in January rose 15 per cent compared with the year before, but the impact of the drought caused a 22 per cent reduction in chilled grassfed exports, according to data released yesterday by the Australian Meat and Livestock Corporation.50 words
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46 1995-02-18 11 SEOUL Three of South Korea's leading aluminium companies including Korea Aluminium Co are pushing their own canstock production in a bid to replace 30.000 to 40,000 tonnes now being imported every year from the United States and other countries.46 words
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Article1508 1995-02-18 11 Rubber Feb 17 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) twutu laHan As at 12 noon (S cents/kg) RSS 1 Contract (S ccnts/kg) Month High Low Sett (tonnes) Interest 3 ar 247.00 248.00N RSS 4 Mar 95 241.75 242.75N 245 50 2»oi 122 50 ,001,508 words
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REGIONAL STOCK MARKETS
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Article1009 1995-02-18 12 -4.0 SHARES eased yesterday as investors stood on the sidelines with little guidance from overseas bourses. The All Ordinaries Index finished 4.0 points lower at 1,856.2. The All Industrials Index ended 4.5 weaker at 2,785.4 while the All Resources Index lost 3.7 to 1,153.8. Turnover was 208.8 million shares1,009 words
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Article635 1995-02-18 12 -23.2 The Dow Jones' new overnight record failed to lift share prices, which slid 0.88 per cent yesterday. The PSI Index dropped 23.2 points to close at 2,609.76. Turnover was 2.32 billion shares valued at 945.45 million pesos. "There was an absence of buying interest from investors, since the635 words
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Article571 1995-02-18 12 -0.3 Stocks barely changed in modest trading, with textile and food shares topping the winning list. The 423-issue Weighted Price Index posted a negligible 0.3-point decline to 6.646.25. Turnover was 1.62 billion shares worth NT$66 billion. The market jumped to the day's high of 6.691 points from the outset571 words
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Article483 1995-02-18 12 -13.26 Share prices plunged yesterday as pessimism prevailed in the market. The Composite Price Index retreated 13.26 points to close out at 910.23 in rollercoaster trading. Trading was dull with 20.71 million shares worth 380.4 billion won changing hands. Falls overwhelmed rises 608 to 147, with 85 issues unchanged.483 words
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Article323 1995-02-18 12 +8.52 Share prices ended firmer but off their highs for the day after a string of positive first half results confirmed the trend of earlier in the week. The NZSE-40 Capital Index ended 8.52 points higher at 1,996.73. Turnover was NZ$5B million NZ510.75 million of which came in323 words
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Article78 1995-02-18 12 -25.80 Stocks closed lower yesterday as market players unnerved by the virtual absence of new buy orders hammered prices down. The BSE 30-share Index closed at 3,383.89, down 25.80 points. The 100-share National index closed 28.01 lower at 1,638.91. "UTI has stopped buying. They are buying only in a78 words
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WORLD STOCK MARKETS
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Article810 1995-02-18 12 -6.9 SHARES ended a bewildering week nursing further losses as currency and political concerns continued to dog what should have been a buoyant market as Wall Street lifted the Dow to record highs, traders said. "We've got all the fundamentals in place for some upside, but it looks like810 words
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Article132 1995-02-18 12 -10.16 French shares drifted lower in quiet trading, with weakness in the dollar and franc weighing on sentiment. But there was no aggressive selling, traders said. "It's Friday and people are bit shell-shocked," one trader said. The CAC-40 Index closed down 10.16 points at 1,824.84. Of the CAC-40 stocks,132 words
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Article187 1995-02-18 12 +7.23 German shares ended slightly up from bourse closing level as traders square positions ahead of the weekend. Some weakeness seen from earlier Ibis high due to the weak dollar and losses on Wall Street. The growing threat of the IG Metall strike was not seen as market factor187 words
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Article151 1995-02-18 12 -0.04 Belgian stocks were mixed amid concern the dollar's fall will reduce US earnings of Belgian companies. "The weak dollar and its effect on cyclical stocks was the focus of attention,"said an analyst. Seven of the 20 companies in the Bel-20 Index sell more than 10 per cent of151 words
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Article244 1995-02-18 12 +31 Italian shares closed higher after tumbling 2.1 per cent on Thursday as the lira's fall to a record low boosted earnings prospects of big exporters. Bank shares were also strong amid takeover news while telecommunications issues climbed as expectations grew of share sales to private investors. "What we244 words
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Article137 1995-02-18 12 -9.9 Swedish shares closed one per cent lower, pressured by blue chip Ericsson which suffered on news that competitor Motorola has an inventory buildup of cellular phones. Ericsson fell 14 crowns to close at 414. Banks also continued to depress the market after Thursday's news that S-E-Banken's 1994 results137 words
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Article271 1995-02-18 12 -20.0 Swiss stocks fell for a third day as the weak dollar, down 3 per cent against the Swiss franc in a week, hurt exporters with substantial US earnings. "It's that currency with the S and two lines through it that dominated," said a trader. "We had strong buys271 words
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Article302 1995-02-18 12 -15.7 South African shares ended mostly weaker in slow preweekend trade as buying in- terest remained low and few fresh factors emerged to offer support. Traders said volumes had been small and the market needed a shift in fundamentals to find clear direction. The Overall Index was 29.2 points302 words
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Article234 1995-02-18 12 1.84 Stocks opened slightly higher with a stronger gold price offsetting spillover weakness from New York, dealers said. "Gold is one sector that should fare better," said one dealer. "But it's a fairly neutral, non-caring day." Toronto's key 300 index was up 1.84 points at 4,101.57. Volume was 12.57234 words
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Article802 1995-02-18 12 -18.41 Stock prices headed solidly lower yesterday in fairly active trading, as dollar worries and volatility around the 'double-witching hour" dispelled investor hopes of challenging the Dow's 4000 level. The Dow Jones Industrial Average, which rose 1.35 points on Thursday, was down 19.41 to 3.968.01 at Nam EST.802 words
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Article335 1995-02-18 12 Amsterdam Feb 17 Fl» ABN Amro SI70 unch Acfxi 112 40 I 9 Ahold MJO -9 Akm 191 (0 -9 Alma 23 J 40 -I.I Amc* 72.70 unch BoK-Wnuncn 32 60 2 Borvumv Wehry 24 70 DSM 117 10 I Ehowr 15 90 -.1 Fokkef 1160 -J Broca<Jcs 44 50335 words
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Article, Illustration3089 1995-02-18 13 Bloomberg Business News HONGKONG Stocks dropped for the first time in three days after a wave of selling by US hedge funds spooked investors. Commercial and industrial issues led the decline, countering a rise in HSBC Holdings and other bank stocks. Property shares were mostly lower. Many investors wereBloomberg Business News; Source: Bridge Info - 3,089 words
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Article, Illustration620 1995-02-18 13 CLSA H SHARES yesterday retreated 0.5 per cent on turnover of HKSBS million. Among the larger mar-ket-cap stocks, Luoyang Glass gained 4.3 per cent while Qingling fell 3.4 per cent. GZ Shipyard rose 13.9 per cent, correcting Thursday's severe plunge. Shanghai B shares, which had been tracking the performanceCLSA - 620 words
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Article, Illustration2552 1995-02-18 13 Bloomberg Business News TOKYO Stocks rose as public funds and major institutional investors broke a four-day drop in the Nikkei by raising bids on shares heavily weighted in the benchmark index. The move came when the Nikkei fell to its lowest point in more than a year shortly afterBloomberg Business News; Source: Bridge Info - 2,552 words
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Article, Illustration1867 1995-02-18 13 Reuter BANGKOK Stocks recovered from intra-day lows yesterday on buying of large capitalisation company Telecom Asia after light prof-it-taking in leading sectors. The SET Index closed down 3.95 points at 1,304.27 on 5.83 billion baht turnover. Grammy Entertainment, which made its debut yesterday, closed at 210 baht, 27 perReuter; Source: Bridge Info - 1,867 words
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Article, Illustration1185 1995-02-18 13 Reuter JAKARTA Share prices yesterday closed lower in moderate pre-weekend volume on lack of fresh leads, with both foreign and local players taking profits. "The market lacked fresh incentives. Players were just following relatively weak market sentiment in most other regional markets, particularly Hongkong." one broker said. Property stocksReuter; Source: Bridge Info - 1,185 words
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Article2580 1995-02-18 14 (if tit Im Vol Uijr Oott OB IN* VI \l<ap ll«h Urn Cm|m, Sib (WO) High l*w Bayer Setter Or ft Wil MALAYSIAN STOCKS 39* 73 m ALN8 Mk 290 +4 22 292 2*2 28* 291 JO 2.9 0 3 29 7 206 775 m \MDB MX 1212,580 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6902 1995-02-18 14 Bloomberg Business News KUALA LUMPUR Stocks rose yesterday as investors bid up prices on news and speculation about corporate developments. Multi-Purpose Holdings Bhd (MPHB) led trading, as it has for most of the past week, rising six sen to M 54.74 with 18.7 million sharesBloomberg Business News; Source: Bridge Info - 6,902 words
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STOCK EXCHANGE OF SINGAPORE
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Article8702 1995-02-18 15 Inboard Gt Gr M »l 1994-95 Unl Vol Da> IM Quote Di» Di> M Net < M A.g High Lo« < umpnn> Sale 0001 High loo Bxrr Viler Crf S PF Sail Prke INDUSTRIAL AND COMMERCIAL 12W 38* ml s Vmi MX 440 unch II 442 440 436 440 888,702 words
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Article, Illustration1921 1995-02-18 16 R Sivanithy - By R Sivanithy SINGAPORE A choppy trading session in the local stock market yesterday again reflected a greater retail presence than institutional, with Malaysian stocks still grabbing the limelight. Overall activity, however, cooled ofT after the heavy volumes seen on Thursday, althoughCharts by Bridge Info; Source: Bloomberg - 1,921 words
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Page 6 Advertisements
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Advertisement596 1995-02-18 6 NEWS VALUE Death of Malaysia's Mr Honda sparks takeover talk (pg I) Speculators are pouncing on an excuse to churn stock. Credit card spending hits record $1.5b, but growth is slowing (pg l) Slowdown is within expectations. Report on COE double transfers may be out today (pg 1) Report will596 words
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Advertisement256 1995-02-18 9 Be informed of the Happenings in Singapore through The Stoits Times A aisp summary of the week s ma i° r events iSSSriS in Singapore. The Straits Times Week)/ offefS P o^lool business, economic V and other important news to keep you updated on the current affairs of Singapore v256 words
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Advertisement301 1995-02-18 9 Mine An SPH AudioTex Service In English Number Your Daily Stars 8450 The Aquarius Career A. Finance Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Phantom Of The Opera; Win Prizes! Children's Funland 8453 Prince Nezha Face Facts: Friendship Region 8454 Dreamland 8455 Fandi Ahmad Football301 words
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Advertisement85 1995-02-18 11 Financial fBSSBJ News o A Quick Look At The I I Markets! Call 24 hours a day for I SES KLSE midday I reports, closing I I market reports and Cost: 30 cents a minute <>gan sedby: INFiillme An SPH AudioTex Service Cant keep your house in order? If you85 words
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Advertisement50 1995-02-18 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. BUY*? SELL* FlNfc* Oaarfiri ads vt purr fta for fixdmi lost Imle kmns. Nc matter uhmiis. vw cm <hm toil y»11 1800-737-1166 123 (•H U4«j f§r K• i• 111 Tiairtiv.50 words
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Page 12 Advertisements
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Advertisement37 1995-02-18 12 SINGAPORE f Business Times m: KNOW ASA Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: f News Centre Singapore 1334 I Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) M37 words
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Advertisement23 1995-02-18 12 The MSCI Indices were not available yesterday. Impress your friends with an interesting snippet. R«ad "THan i. Sunday Classified this weekend. I CATS.23 words
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Page 13 Advertisements
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Advertisement14 1995-02-18 13 notour The MSCI Index was not available yesterday. BusinesslT Every Monday, in Business Times14 words
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Page 14 Advertisements
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Advertisement7 1995-02-18 14 PROPERTY CONSTRUCTION Every Tuesday, in Business Times7 words
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Page 15 Advertisements
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Advertisement7 1995-02-18 15 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Page 16 Advertisements
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Advertisement28 1995-02-18 16 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 DOLLARS SENSE You don't have to be an Einstein to get relatively good returns. Personal Finance Investment. Every Saturday. rp Business Times WEKMJWASIA28 words
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Advertisement194 1995-02-18 16 ANALYSTS A major stockbroking house is seeking highly motivated individuals to join its Research Department as analysts. The incumbent will be involved in industry research and analyses of companies listed on the Stock Exchanges of Singapore and Malaysia. Qualification and Experience: University graduate with at least 2 years of working194 words
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Advertisement123 1995-02-18 16 LOST CERTIFICATES The following certificates for ordinary shares have been reported lost, mislaid or destroyed: Nam ot Company Cert No. in ttrc mat of shares Bukit Sembawang 632S Robert McNair 100 Estates Limited *****6 Robert McNair 100 Parkway Holdings Ltd A *****44 LeeSooKeow 720 Singapura Building *****510 Bank of Scotland123 words
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Advertisement227 1995-02-18 16 ■oncf Of final meethm II THE MATTER OF THE COMPANIES ACT, CAP. M ANO THE MATTE* Of CHAM PAN NURSERY PTE UB (Incorporated hi Steppon) (n MEMBER? VOLUNTARY WINCIM UP) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of ffw Companies Act. Cap. SO Vial the Final Meeting of (he227 words
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Executive Lifestyle
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Article, Illustration1557 1995-02-18 17 Tsang Shuk Wa - Tsang Shuk Wa meets Luciano Benetton, a stately businessman with a yen for the outrageous and a penchant for risk-taking Tsang Shuk Wa The writer is a Hongkong-based freelancer w ho contributed this article to Executive Lifestyle IT IS utterly inconceivable for an unequivocal capitalist1,557 words
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STRAWS IN THE WIND
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Article30 1995-02-18 17 AN EXECUTIVE wasn't sure if his travel agent's spelling or sense of humour was bad when he was faxed his air ticketing details. It was headed: "Fright Schedule".30 words
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Article23 1995-02-18 17 HERE'S a remisier's favourite Valentine's Day poem: "Roses are red, violets are blue. I got no lunch money, how about vou?"23 words
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Article36 1995-02-18 17 WHO SAYS that digging companies have no sense of humour? Last Tuesday was the first day of the Trenchless Asia 95 Conference. Guess who organised it? A company called No-Dig Conferences and Exhibitions.36 words
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Article72 1995-02-18 17 WITNESSED at a Chinese restaurant last weekend: A group of children were singing "Happy Birthday" to their grandmother. The overzealous family photographer, anxious to get a good shot, told the "birthday girl" to blow out the candles on the cake. The grandmother did so. The children, who72 words
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OPINIONS
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Article, Illustration693 1995-02-18 18 LESLIE LOPEZ - letter ficm SURABAYA The capital of East Java is changing too fast for some people there, making neighbouring regions wary LESLIE LOPEZ The writer is BT's Jakarta Correspondent LITTLE of this city's glorious and colourful past remains. A search for cultural and693 words
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Article, Illustration663 1995-02-18 18 Amir Santoso - Amir Santoso says Gen Hartono's appointment as Indonesian army chief is based purely on merit and has nothing to do with the fact that he is a Muslim Amir Santoso The writer is a political science lecturer at the University of Indonesia THE APPOINTMENT of663 words
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1026 1995-02-18 18 Neville Stack - Neville Stack says there are more important things than chasing broadcast ratings Neville Stack The writer is a political commentator based in London. He writes regularly for BT. IF IT isn't wrong, don't fix it, so the wise old saying goes. And another warning1,026 words
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Article116 1995-02-18 18 Lim Joke Mui - Lim Joke Mui I REFER to the article "Impact of China's capital gains tax on Singapore listed firms unclear" (BT, Feb 17). The article said DBS Land was "perhaps one of the hardest hit" of the listed property companies. We consider this a116 words
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123 1995-02-18 18 Leong Kwong Sin - Leong Kwong Sin THANK YOU for covering the visit of our student ambassadors to key business supporters of the Nanyang Technological University's School of Accountancy Business. The report said Insurance Commissioner Lim Shu Chiau "played a key role in launching mentorship123 words
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Article94 1995-02-18 18 Manmohan Singh - LETTERS TO THE EDITOR Manmohan Singh IT IS very unfair for the media to highlight the fact that the majority of those who obtain personal loans use them for speculative purposes. They may also be obtained to cover costs pertaining to the birth of94 words
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Article226 1995-02-18 18 Peter Chia - Peter Chia WE REFER to Denis Distant's letter "Unfair to Scripless traders" (BT. Feb 4). The case Mr Distant cites of the buy-in order for an odd lot of UIS warrants at 34 cents each compared with the market price of 25 cents is226 words
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VIEWPOINT
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Article, Illustration2968 1995-02-18 19 Vikram Khanna - aj£: THE RAFFLES j CONVERSATION A fortnightly series supported by Raffles Hotel Richard Gordon, chairman of the Subic Bay Metropolitan Authority, tells Vikram Khanna the dramatic story of how he and 8,000 unpaid volunteers worked to preserve the former US naval base and turn it into2,968 words
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859 1995-02-18 19 WHAT a piece of real estate to inherit. An area of land larger than Singapore with almost ten thousand hectares of virgin forest up in the mountains, pristine white-sand beaches down below, and one of the finest natural harbours in the Pacific. And US$B859 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration569 1995-02-18 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, BZW, Daiwa Research, DBS Investment Research, Fraser Securities, G K Goh, Morgan Grenfell, Nomura Research Institute, Peregrine Securities, Phillip Securities, S G Warburg and Smith New Court.Figures denote number of respondents - 569 words
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Article, Illustration420 1995-02-18 20 Christopher Day - Christopher Day Investment director Thornton Management Asia ur: inancial bubbles rH have a nasty habit JL of bursting. But that can be a blessing in disguise. Asian stock market returns in 1993 were unsustainable, being derived primarily from equally unsustainable capital inflows. Now that some of these420 words
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Article, Illustration557 1995-02-18 20 Joyce Quek - THE WEEK By Joyce Quek IMPENDING changes at the helm of food and beverage groups Goodman Fielder Asia (GFA) and Yeo Hiap Seng (YHS) Singapore spell good news for shareholders. GFA is being taken over by a consortium led557 words
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Article, Illustration1135 1995-02-18 20 Christopher Poll - Christopher Poll recommends a little and often rather than a lot all at once Christopher Poll The writer is chairman of Micropal Limited The problem for most private investors is how they can benefit from stock market appreciation yet still sleep peacefullySource: Micropal - 1,135 words
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Article, Illustration767 1995-02-18 20 Paul Leo - Paul Leo on why he believes the CPF-approved unit trust is a good bet Paul Leo WITH "Fortune" in its name, an auspicious launch date, wet weather, and a psychic on hand, all Credit Lyonnais International Asset Management (Cliam) needs toSource: Cham - 767 words
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Article, Illustration1022 1995-02-18 21 Joyce Quek - Kleinwort Benson Research advises investors to look to 1996 to understand 1995. Joyce Quek reports Joyce Quek Y THE sec- J ond quar»*t e r strengthened by good local results and with the peak of US interest rates in sight, it should1,022 words
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Article, Illustration876 1995-02-18 21 In this second .part of a six-part series on buying a property, A J Leow lists the salient points to note to avoid disappointment WHEN looking at a property to buy, it is useful to note salient points such as: Orientation A house with876 words
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Article, Illustration688 1995-02-18 21 Martin French - Eve on the region Martin French takes investors through some valuable lessons from the last few weeks Martin French The writer is chief representative of Credit Lvonnais Securities Malaysia ONCE again the saying that smart investors always buy on a fallingSource: Bridge Info - 688 words
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Article, Illustration583 1995-02-18 22 Jaime Ee - Ong Poh Neo tells Jaime Ee why she decided to write a book on Peranakan furniture Jaime Ee WHY WOULD someone, with no exceptional interest in Peranakan furniture and who doesn't claim to be an expert on it. write a cofTee-table book about the subject583 words
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Article, Illustration1335 1995-02-18 23 SAMUEL EE - Motoring By SAMUEL EE NO TWO cars could be more different than the Previa and the Celica. The two are stablemates from Japan's largest automaker Toyota and they are the latest additions to the Singapore motoring scene. The Previa is a people carrier, or as1,335 words
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Article, Illustration700 1995-02-18 22 SUSAN TSANG - Cinema Reviews By SUSAN TSANG MARY SHELLEY's Frankenstein was a Gothic novel that indicted man's inhumanity to innocent. ugly monsters. As interpreted by Kenneth Branagh. however. Mary Shelley's Frankenstein is an extravagant piece of modern Gothic. The film gives purists lots to sniff at there700 words
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Article, Illustration572 1995-02-18 22 MERYL STREEP gets physical in The River Wild. Putting her European accents behind her. Streep stars as Gail, a Whitewater rafter who gave it all up to become a suburban housewife. But her marriage to Tom (David Strathaim). a workaholic architect, has drifted572 words
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SPORTS
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Article, Illustration359 1995-02-18 24 Golf AFP INDIAN WELLS, California Harry Taylor, never better than fifth in seven PGA seasons, fired an eight-under par 64 here on Thursday to grab a three-stroke edge after round two of the US$l.2 million (S$ 1.75 million) Bob Hope Classic.AFP - 359 words
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SCORE CARD
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Article, Illustration33 1995-02-18 24 NEW YORK NBA on Thursday: Miami 87 NY 96; New Jersey 100 Denver 94; Charlotte 89 Houston 105; Milwaukee 85 Cleveland 106; Utah 120 San Antonio 113; Sacramento 98 LA Lakers 82.33 words
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Article, Illustration85 1995-02-18 24 AP NEW YORK Heavyweight Riddick Bowc is ignored by those who rank fighters for the various alphabetic sanctioning associations. Not by boxing writers, though. A curious public relations firm asked 50 American boxing writers and broadcasters to rank the top five heavyweights. Bowe came out No 1, selected asAP - 85 words
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Article, Illustration121 1995-02-18 24 Reuter SAN DIEGO Winds plummeting from eight to zero knots left boats dead in the water, forcing officials to abandon America's Cup trials racing on Thursday. In the challenger trials, one Australia was up against Rioja dc Espana and Nippon was racing Sydney 95 when the competition was haltedReuter - 121 words
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Article, Illustration234 1995-02-18 24 AFP MELBOURNE BEACH, Florida Major League owners are cracking down on youth teams which name their clubs after their favourite big-league clubs, forcing each child to pay US$6 (SS8.80) more for new uniforms. "It really stinks," said Jack Gibbs, age 12, who voted to name his Little League teamAFP - 234 words
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Article, Illustration192 1995-02-18 24 AP PALM DESERT, California US$l.2 million (551.75 million) Bob Hope Classic 2nd rd on Thursday (US unless noted): 130 Harry Taylor 66 64 133 Tommy Armour 111 66 67. Chris Perry 66 67 134 Keith Fergus 65 69, Mark Wurtz 67 67, Kenny Perry 63 71, Robin Freeman 64AP - 192 words
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Article, Illustration115 1995-02-18 24 AFP STOCKHOLM England could lose its bid to host the 1996 European championships as a result of the crowd violence in Dublin on Wednesday, UEFA President Lcnnart Johansson said on Thursday. "Football in England must be called into question," Johansson said in a radio interview with Radiosporten. Johansson saidAFP - 115 words
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Article, Illustration303 1995-02-18 24 AFP PARIS Top-seed Stcffl Graf handed Switzerland's 14-year-old Martina Hingis a lesson in power and tactics on the Coubertin Stadium's centre-court on Thursday to reach the semi-finals of the U*****,000 Paris Indoor Open. The 25-year-old German, who has returned to tournament tennis this week after a three month injuryAFP - 303 words
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Article, Illustration129 1995-02-18 24 Reuter FORT LAUDERDALE, Florida New York Yankees owner George Steinbrenner being surrounded by the media on Thursday as he answered questions concerning the Major League baseball players' 189-day-old strike. Thursday was the opening training for pitchers and catchers. But while there were 28 players in Yankees uniform,Reuter - 129 words
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598 1995-02-18 24 Five Nations Championship AFP, Reuter CARDIFF England faces Wales in the Five Nations championship here today and is determined that the Arms Park will not prove once again to be the graveyard of its Grand Slam ambitions. With emphatic victories over France, Ireland, CanadaAFP,; Reuter - 598 words
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Article, Illustration575 1995-02-18 24 AFP LONDON The all-too-fa-miliar problem of how to prevent a small hardcore of rightwing extremists from holding a whole sport to ransom has returned to haunt the English football authorities, following the violent scenes in Dublin on Wednesday. With some justification, English footballAFP; Reuter - 575 words
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PEOPLE
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Article, Illustration171 1995-02-18 24 THE Singapore Golf Circuit 1995 made its debut with its first Pro-Am tournament early this month at Jurong Country Club. The first of a series of six tournaments, the first leg was named the Rover Golf Championship, with Intra Motors, the distributor of Rover cars in Singapore, as171 words
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TIME OFF
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Article, Illustration749 1995-02-18 25 Shahiron Sahari - Shahiron Sahari votes the concert by Reck and his Flecktones as one of the best he'd seen. He was also at Bryan Ferry's show Shahiron Sahari AFTER two hours and two rousing standing ovations, Bela Fleck said to the full-house at the DBS Auditorium: "This wasn't749 words
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Article, Illustration544 1995-02-18 25 BRYAN FERRY approaches music the way an artist would approach his work slowly, methodically and with a multitude of simultaneous possibilities in mind. This comes as no surprise, for Ferry best known as leader and lead singer for British band Roxy Music was once an art major544 words
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Article523 1995-02-18 25 Best Foot Forward A new light-hearted play about what it means to be the "best" in Singapore by Action Theatre. What happens when an SIA girl falls in love with an RSAF pilot? How can one marry rich? And can an Asean scholar be only "mediocre" in Singapore? Until523 words
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Article435 1995-02-18 25 Concert de SSO The SSO joins forces with Korean violinist Ju-Young Baek as they perform Brahms' Violin Concerto in D. Also on the cards is Wagner's Flying Dutchman Overture. Today. 8.15 pm at the Victoria Concert Hall. Tickets at $6. $10. $14. $20 and $30 available from Sistic. Student435 words
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Article218 1995-02-18 25 Interdit Aux Moines de Treize Ans Directed by Jean-Louis Bertucelli and starring Sandra Montaigu and Patrick Depeyrrat, this tells the story of Jean who. bored with his life, decides to hold up the supermarket his wife works for. (French with English subtitles). Feb 21: 7.15 pm; Feb 22: 9.15218 words
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Article, Illustration800 1995-02-18 25 Instyle '95 Check out what's hot and what's not in this exhibition where new designs for furniture, furnishings and household appliances will be featured. Until tomorrow, at the World Trade Centre Hall 7. Flower paintings By artist James Rosenquist. No prizes for guessing the subject of this exhibition. Until800 words
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Article158 1995-02-18 25 Cutting Cancer and Managing Menopause For Mothers and Daughters Experts from various medical institutions will give a talk which will provide insight into the problems experienced by many menopausal women. Feb 25. 2 pm at the San Marco Ballroom. Marco Polo Hotel. Fee: $10. To register, call Shehli at158 words
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Article407 1995-02-18 25 Lunar New Year at Asian Village The Thai Ei Wushu Dragon and Lion Dance Group will be performing at the Asian Village to ring in the New Year with several gongs. Enjoy a funfilled day and take part in the festivities. Today and tomorrow. Feb 25 and 26. 2407 words
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Article232 1995-02-18 25 Tao's Dance Theatre An independent dance company from Taiwan formed by Fu-Lann Tao, who combines traditional Chinese and Taiwanese theatre with modem and modern technique. Today, 8 pm at the Guiness Theatre. Tickets at $25. Abstraction Meets Calligraphy The 1994 UOB Painting of the Year winner. Hong232 words
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Article142 1995-02-18 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall, Ginza Plaza, Junction 8. Liang Court, Raffles City, Scotts, Specialists Centre, Takashimaya, Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at142 words
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EPICURE
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Article, Illustration755 1995-02-18 26 JAIME EE - Bon Appetit By JAIME EE GASTRONOMICALLY speaking, the French really know how to live. But if you think it's only the people, then you obviously haven't met a chicken from Bresse. Chickens from this French region have never seen a chicken coop. The755 words
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Article, Illustration618 1995-02-18 26 SUSAN TSANG - By SUSAN TSANG MENTION US meat and we think of corn-fed beef. A promotion now on at the Marina Mandarin Singapore introduces the whole range of American meats beef, veal, duck, lamb and chicken. Accompanying these are a variety of peripherals from that country an618 words
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Article, Illustration807 1995-02-18 26 N K YONG - Winc By N K YONG IT USED to be said that if you built a top-class product which everyone wanted, then even if you were located at the remotest address, the world would beat a path to your door. Not true any807 words
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Article, Illustration1023 1995-02-18 28 Blue Tiger. Virginia Madsen hunts down the yakuza killer of her son. He's got a blue tiger tattoo, so she gets a red tiger emblazoned on herself. R(A). Yangtze: 11.30; 3.30; 7.30. Death Machine. The new CEO of a weapons company finds herself up against the company's psychotic inventor1,023 words
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Page 17 Advertisements
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Advertisement194 1995-02-18 17 Clil^ianOior (M Sapphir. vO, 30 IMnv v. r.vjjni FTA n ftw t Sol£ AGENT. LAKEWIND IMPEX PTE LTD, T4 7UHG [^^1 mM M R.^!^SKL k *1 .^k JHPP^^^V>tkuukk.«kLui^EA4^kk)>ULU<U> 4 .11 r ft 1 y k*» »kteM^)^BiMMiPkiuk*uk*hk.M k f |kKB I Vflhv k*» < .«< m3w *a «*-**j > I i^H194 words
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Page 18 Advertisements
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Advertisement18 1995-02-18 18 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. f Business Times mufowAm18 words
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Advertisement25 1995-02-18 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 18 Miscellaneous
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Miscellaneous57 1995-02-18 18 1.1» Ge.T foT-i/no NO —DON'T MPvMG wou OP«£NOU rjug me. I&G-LUCD SON offs h up r P\BOUT OUR ORD6.R GOPtf HQJDUI J Be> uiITVJOJt J TT 7 7 eomocmttoltp, mum q3Ta DOONESBURY GARRY TRUDEAU 1 C \WGOOq] K THAT'S 6CHN6 TO HOLPON, Pl£ASa. UPS. <i irs-md &'247.93,MA'AH. J IHAVB TD6€T57 words
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Page 22 Advertisements
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Advertisement437 1995-02-18 22 BUSINESS TIMES LIFESTYLE GJ EXCLUSIVE 1 A AUOe«A(*S M6JTT I watchmaKin^ 7 Audemarg &uet Mugeumj^v^D bailee de Joux in the Swiss Jura, some 50 km north of Top Prize: A fascinating SD/4N trip to Switzerland for two by Geneva, is the cradle of the watchmaking art. It was here Business437 words
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Page 23 Advertisements
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Advertisement132 1995-02-18 23 United Airlines sponsors an encore performance from New^^York's untraditional Frenchman. PAR.'' Jean-Georges Vongerichten, owner of three of New York's most exciting restaurants, JoJo's, Lipstick Cafe and Vong, has returned to Singapore by popular demand. Jean-Georges, who is renowned for his legendary French cuisine, will be at Maxim's from February 22nd-February132 words
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Page 24 Advertisements
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Advertisement0 1995-02-18 24 $){_|-""(//}%-;/<`}+`@/.`&%*-\,0 words
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Page 26 Advertisements
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Advertisement458 1995-02-18 26 WHERE TO WINE, DINE AND ENTERTAIN I itetew Jfosters H W&Xm rl S Olde English Eating House WJk i| 277 Orchard Rd #02-38 Specialists' Centre S (0923) I I $22 CBD PASS! 3 When you spend $25/- or more at Fosters for lunch J or afternoon tea from Mon-Sal, show458 words
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Page 27 Advertisements
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Advertisement945 1995-02-18 27 Nothing Beats A Bud. where to wine, dine and entertain OF r~|LEJO[[^E!E3Z3 L^tmteooktd [^UFRESCA DASALVATORE PTE LTD I •30 Boot Quay, S(0104) (Open 84 housl Tefc 532 6283/532 3810 S l P •Bk 833 toyoMllc Bukit Timah Rd, 101-02/03 S(1027). Tel: 469 4920/*****73 I 350 Orchard M, Shaw House, bean945 words
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Advertisement361 1995-02-18 27 Celebrating Fish Let s drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of •very imaginable fish recipe. Salmon, sole. snapper, sea bass... if K can be caught, it ccn be cooked. And we know oil the delicious wags, < Continental or361 words
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Page 28 Miscellaneous
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Miscellaneous2603 1995-02-18 28 TODAY'S TV 100 Forum pertuna Ehwai. 7.00 Extraordinary People 2.00 Pari Seberang Boss (See Our Choice). Semangat Membara, 1.25pm, Movie Magic, 6.30pm, Cti 12 7.30 Berita 12. v +0® Baba and Nyonya. Ch 12 c tl ,nK in films look excitine 800 Beyond 2000. 4.30 Umi. L Stunts in films2,603 words
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