The Business Times, 14 December 1996
1996-12-14
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The Business Times
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Title Section13 1996-12-14 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, DECEMBER 14-15,199613 words
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Article57 1996-12-14 1 D MM (-3.41) niHH mM MBL3O (-2.40) n BTOOHP mM Usui (-13.10) irwA WM (+11.02) Friday Ch*ie RISE COUP U»« UJt wm„ MMIM—-MMt HANOJKM tt?WJ7 _-HMI JAKAJtTA 06MP __JK4®ZZZ.-144 3 MANILA COUP-JMMIt -Ul TA1PH WH UM.lt -til SEOUL OOMP MOT -Ml CUM CHINA B UtIIJi tiLM aubt allow57 words
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Article69 1996-12-14 1 BB8ANBB BATES m ss U*_- UN A.. MM Itt U47 MM Wilt 8888 LS8 Itt. MM MM hks e.m 0.181 BAJff MM MM RUPIAMIM MM MM PUB UTS SINGAPORE* 144 KUALA LUMPUR 9.2S JAKABTA 18.W BAMKOK ISA MANILA ISJC HOMXONG AM TAIFfl IS SYDNEY MM TOKYO tn SHXJL MJS69 words
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Article, Illustration646 1996-12-14 1 Yang Razali Kassim - Cheow Toog wins high praise from many for his deft handling of chairmanship By Yang Razali Kassim [SINGAPORE] Trade ministers yesterday declared victory for the world's multilateral trading system at the conclusion of a taxing but highly successful first ministerial meeting ofCHRIS LOH - 646 words
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Article576 1996-12-14 1 Vikram Khanna - t/ And takes along with it rich and poor countries alike, says Tlknun Itißßi Vikram Khanna HUH HE decisions the ministers adopted cover the past, the H present and the future of the multilateral trading system, B HH WTO director general Rensto Rugglero576 words
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313 1996-12-14 1 R Sivanithy - Bnt late rally lifts most markets from day's lows By' R Sivanithy [SINGAPORE] A second successive correction on Wall Street on Thursday again dampened regional equities yesterday, although in almost all cases an afternoon rally helped prices to finish off the313 words
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Article98 1996-12-14 1 Bloomberg Business News [NEW YORK] US stocks wi| nessed sharp fluctuations in early trading yesterday and was slightly up by afternoon. The Dow Jones Industrial Average first slid 52.3 points in the first hour of trading as bond yields rose, rallied 40/® points as bondBloomberg Business News - 98 words
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Page 1 Advertisements
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Advertisement103 1996-12-14 1 Be dJEranftto festive season. Make, rathe* than buy, your presents. It Isn't as crazy as it sounds, BU WHICH or trust? A fund manager tells what an investor must look out awiuw yrtftt OJft, pg Shares look expensive at PER of 34 times. Mm a«s*fc| state, jv Alt would be103 words
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Advertisement76 1996-12-14 1 More reports, Pg 4-5 llm .111 O lll.isl < II IM I II MM < il! ,1! ij IVI I < q.lll hii'iMri FA AN(H ACIURf Girard-Perregacjx i>i i>(iis i 7^l I m lusur Distill)!,!.., I'!.- I 1(1 I( H7 MHh N A 'A > < I N I i76 words
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Advertisement11 1996-12-14 1 Regional markets, Pg 12-16 Nikkei's fall sets off alarms, Pg 711 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration314 1996-12-14 2 Diana Oon - Lower costs and ease of doing business pot S'pore ahead: ITER managing editor By. Diana Oon ASIA-BASED executives prefer Singapore over Hongkong as a location for regional headquarters, according to a survey by the news weekly Far Eastern Economic Review.FILE PHOTO - 314 words
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204 1996-12-14 2 TJSLECOMMUNICATIONS Authority of Singapore's (TAS) operating income for the year to March rose 34 per cent to $52.13 million, boosted by income from licence and fN4«ency fees and miscellaneous income. Income from licence and frequency fees rose 14 per cent204 words
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Article1370 1996-12-14 2 CITY FUGHT ETA FLIGHT ETD T 8Y621 0355 VM745 1255 VM744 1355 ZZT S0229 2220 WP« WO VW740 m SSL S0327 0820 «L044 0125 J™ g» "J" g KL837 1540 ?1T5 0J26 2355 fY37 W50 AY3S 2135 S026 2355 Mrehiaa S09T7 172# S0978 0M5 Mkw OS5461,370 words
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Article, Illustration108 1996-12-14 2 COFFEE lovers now have one more place to indulge in their favourite brew Starbucks Coffee, which opens its first Singapore outlet today at Liat Towers. A favourite with Americans, US-based Starbucks is confident of winning over Singaporeans with its brews and its special concoction,Siew Yaw Hoong - 108 words
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337 1996-12-14 2 Annette Pau - 28% in survey name response time as No. 1 issue By, Annette Pau INTERNET access costs and phone charges, plus response times to websites, are the biggest concerns for users here, according to an independent online survey. About 28 per337 words
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127 1996-12-14 2 A SET of three phonecards to mark 15 years of the productivity movement will be put on sale from Monday. They will be sold at $30.90 per set (inclusive of GST). Produced by the Singapore Productivity and Standards Board (PSB), the limited edi- tion phonecards127 words
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215 1996-12-14 2 THE Royal Holiday Inn Crowne Plaza at Scotts Road is spending $20 million to upgrade the hotel. It said its extensive upgrading programme is aimed at strengthening its position in the five-star hotel category. The renovations, which are under way, are expected to215 words
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Page 2 Advertisements
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Advertisement84 1996-12-14 2 For real-time «3 stock information, call Quickstock on 1900-913-0003 at 30 cents a minute Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao You may have been unable to get your copy of The Business Times. The Straits Times. The Sunday Tunes. ban He84 words
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Page 2 Miscellaneous
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Miscellaneous455 1996-12-14 2 THE WEATIim niaf |im u Showers with thunder in the afternoon mainly affecting northern and eastern Singapore. Temperature (30-23) Aate-Pldb W/Lo* Goad. Enropc HVLo* Oh! America Hi/bo* Good. Airfclnnd £116 Sunny Anotrnlnm 0& Cloudy AluU 15 W Kur Bnnriu* JT2I Sunm Aim I&H7 (Vuih Bumkk Aim 23-12 (loudv Branft U/4455 words
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Page 3 Advertisements
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Advertisement178 1996-12-14 3 Wherever there are development opportunities I II |i China to to Korea. global partnerships interested Asia. Leading transactions in the ma||et<fith a retwotfef£^M^^^l H H ,<« j^| world class custody services available in I I Singapore's leading pR?7W Stockbroking Group Extensive network in Asia. of Custody Services LpiMM^^^ in Asian178 words
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THE WTO MINISTERIAL CONFERENCE
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766 1996-12-14 4 Kenneth James - US and EU land Asian flexibility and willingness to compromise By] Kenneth James FOR those who said yes to the landmark Information Technology Agreement (ITA) yesterday, it's "pop open the bubbly" courtesy, perhaps, of the European Union which also clinched a valuable spirits766 words
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Article484 1996-12-14 4 Jennifer Lien, Annette Pau - MNCs, local exporters seen as main gainers; lj-1 I li I ifil I Aaa indirect oenents toe for domestic suppliers By, Jennifer Lien, Annette Pau HEADS of local electronics firms yesterday welcomed the Information Technology Agreement (ITA), saying the tariff cuts would lead to484 words
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254 1996-12-14 4 Kenneth Jemes - By: Kenneth Jemes IT WAS clearly a good day for American companies, and they wasted no time saying so. Even as photocopiers churned out copies of the "Ministerial Declaration in support of an ITA", US officials were handing out thick sets of254 words
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Article128 1996-12-14 4 'This has been extremely efficient and sober. Singapore wanted the conference to start on time, end on time and send away a lot of happy delegates. I think they succeeded.' Store Pnrsey, of the Brussels-based International Confederation of Free Trade Unions (IC'I'IU) 7 regard it as astonishing128 words
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Article, Illustration925 1996-12-14 4 EXCERPTS from concluding remarks by Yeo Cheow Tong. chairman of the Ministerial Conference, Minister for Trade and Industry of Singapore THE Singapore Ministerial Conference has been an outstanding event in all respects. I want to pay tribute to the application and devotion which all myCHRIS LOH - 925 words
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Article, Illustration29 1996-12-14 4 BON VOYAGE: A delegation taking time for a souvenir portrait at Suntec City yesterday as they left the closing session of the WTO ministerial conference. ERIC CHUERIC CHU - 29 words
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Article, Illustration451 1996-12-14 4 Catherine Ong, Larry Wee - Catherine Ong, Larry Wee THE Singapore Ministerial Conference has shown that world trade can be freed up without waiting for a formal round of trade negotiations, acting US Trade Representative Charlene Barshefsky said yesterday. If the world had to451 words
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Article, Illustration1674 1996-12-14 5 Excerpts from the final ministerial declaration of the World Trade Organisation (WTO) after the five-day meeting here WE, the Ministers, have met in Singapore to assess the implementation of our commitments under the WTO agreements and decisions; review the ongoing negotiations and work programme; examine developments inCHRIS LOH - 1,674 words
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Page 5 Advertisements
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Advertisement152 1996-12-14 5 m SHf* mum? Is? fit.: SOF~ 11I8& The other is information. Because no bank to integrating global networks. And our consultants City Bank learned. When it takes information to run moves a single dollar without it. And helping clients help businesses uncover revenue potential hiding in your business, it takes152 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration764 1996-12-14 6 Those polled for their views on next week's Singapore stock market outlook are: Alliance, Daiwa Securities, Deutsche-Mor-gah, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, OCBC Investment Research, Phillip Securities. Natsteel Ltd ♦(Boy) OCBC Investment Research, Dec 11 ($3) Buy the stock up to S3. Its earningsFigures denote number of respondents. - 764 words
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Article, Illustration312 1996-12-14 6 Tong Foo Cheong - Tong Foo Cheong assistant director Prudential Portfolio Manager Singapore Ltd Urn HAILAND has the I worst performing eqX uity market this year in Asia, with the broad stock market down more than 30 per cent. Economic growth and corporate earnings forecasts were progressively downgraded during the year312 words
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Article, Illustration879 1996-12-14 6 Shiv Taneja - A Citibank fund selector suggests looking at longevity, risk and performance Uyi Shiv Taneja (SINGAPORE) BEFORE that year-end bonus disappears on impulsive buys of baubles you probably don't need, you might like to do something more boring, but sensible, like invest for879 words
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613 1996-12-14 6 Quak Hiang Whai - BYE ON THE REGION: BOMOKOMO Fromi Quak Hiang Whai in Hongkong THE Hongkong bourse badly needed the current correction, having gained over 30 per cent in value while most Asian equities consolidated most of the year. As the year closes, investors are taking profits on recent613 words
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Article984 1996-12-14 6 Next publication date: Jan It 1997 n—mm xn»i,w» tamMMdairih' LTI Mi Ut BSJ* IW BJf CL'Suiaapore Growth 28/07/1969 -1.01 II 2.62 7 6.52 I 32 48 I 20.23 I 13.05 6 OCBCSaven Capital 27/04/1917 2.31 1 4.U I 3.12 2 17.76 4 17.7 2 22.21 2984 words
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852 1996-12-14 6 David Goh - Turning vision to reality with help of exec condos The Back of the ENVELOPE With ECs, govt's Vision 99 promise can be kept -at reasonable cost By David Goh The writer is a lecturer Banking Finance Division) atNTU. This fortnightly column will cover both the property and financial markets. ONE852 words
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REGION/WORLD
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Article, Illustration353 1996-12-14 7 SHANGHAI Reuter THE Chinese authorities acted decisively yesterday to stop extraordinary price movements on the country's two stock markets by imposing a limit of 10 per cent in the movement of any stock on one day. In announcements made after the market closedReuter; ALLAN - 353 words
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WORLD Watch
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Article77 1996-12-14 7 Bernama, Kyodo News [WASHINGTON] The US Defence Department may seek small cutbacks in troop numbers in East Asia in its just-started quadrennial defence review, a department source said yesterday. "There is a big possibility for small changes (in East Asia)," the source said. AsBernama,; Kyodo News - 77 words
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67 1996-12-14 7 Reuter [WASHINGTON! The US said on Thursday it is still investigating a deadly truck bomb attack in Saudi Arabia and declined "to ftiel any war fever" over speculation about US retaliation against Iran if it is found to be involved. Pentagon spokesman Ken Bacon saidReuter - 67 words
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49 1996-12-14 7 Bernama [PENANG] Malaysia and Singapore have agreed to work harder to achieve and maintain recreational water quality standard in the Johor Straits by the year 2006. This was among the agreements reached by the Joint Committee on Environment at its annual meeting yesterday.—BernamaBernama - 49 words
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54 1996-12-14 7 Reuter [NEW YORKJ The UN General Assembly on Thursday rebuked Myanmar's military leaders for suppressing opposition. US Ambassador Madeleine Albright said the government did not meet minimum human rights standards. The assembly's resolution accused Myanmar of using forced labour, torturing prisoners, abusing women andReuter - 54 words
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Article, Illustration72 1996-12-14 7 [HAVANA] Cuban President Fidel Castro giving an improvised speech at the Palacio de las Convenciones in Havana on Thursday after Ecuadorian painter Oswaldo Guayasamin presented him with a painting. The portrait of the Cuban leader was done in honour of his 70th birthday celebrated onAFP - 72 words
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287 1996-12-14 7 BEIJING Reuter CHINA'S Communist Party boss Jiang Zemin, in a renewed overture to rival Taiwan, urged the island not to set up new obstacles to ties, major Chinese newspapers said yesterday. "The Taiwan authorities must not artificially set upReuter - 287 words
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402 1996-12-14 7 DUBLIN EMU members will be given leeway to appeal against fines Bloomberg Business News EUROPEAN Union finance ministers said they have reached an accord to deter members of a single European currency from overspending. Irish Finance Minister Ruairi Quinn said the so-calledBloomberg Business News - 402 words
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Article407 1996-12-14 7 WASHINGTON Reno, Rabin expected to keep jobs, new faces for other posts Reuter PRESIDENT Bill Clinton was to announce a string of Cabinet nominations yesterday, including Representative Bill Richardson as UN ambassador and political ally William Daley as Commerce Secretary, officials said. They said Mr ClintonReuter - 407 words
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257 1996-12-14 7 TOKYO Reuter ASIAN economies are still expanding at a healthy rate but declining exports are curbing the region's once breakneck growth, a Japanese government report said yesterday. The report said tensions between China and trading partners Taiwan and Hongkong, as well as a tumbleReuter - 257 words
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Article, Illustration457 1996-12-14 7 Anthony Rowley - Steep rise in values of corporate bankruptcies casts doubt on recovery By, Anthony Rowley THE sharp fall in the Tokyo stockmarket yesterday caused alarm bells to start ringing again in international financial markets about the likely impact on the already fragile healthSource: Bloomberg - 457 words
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278 1996-12-14 7 HONGKONG AFP THE deputy to Hongkong Governor Chris Patten yesterday signalled she would accept a widely-expected offer to serve under Mr Patten's successor, Tung Chee-hwa. Anson Chan, who as Chief Secretary is head of Hongkong's 190,000 civil servants, said it wouldAFP - 278 words
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Page 7 Miscellaneous
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Miscellaneous89 1996-12-14 7 DOOMHriBPRY By Garry Trudeau (XALAf&U- MHAJAN WHAT* I COW Mil B£ J HeNTS* THAT APFALUN6 I &/5R H/HAT?]hAVZT)W£ %60!N60N\ HEABN6ORAL SOUNPSSCRT COMMENT, J WMS,*#*MTHTHEj ARGUMENTS IN J OF OBSCENE WUN6 gfjiMCUNDN PAULA A JANUARY... ALL BY ITSELF' MAN' K/HO GENUINELY WANT TO MAKE |n piasH PON~r UMU, VOUB£ CURRENTLY RE89 words
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COMPANIES & MARKETS
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504 1996-12-14 8 Genevieve Cua - But earnings from softdrinks, beer and dairies were disappointing Reports by < Genevieve Cua [SINGAPORE] A robust 41 per cent jump in income from development properties has helped diversified Fraser Neave lift its profit by 18 per cent to $218.42504 words
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331 1996-12-14 8 ASIA Pacific Breweries' net earnings for the year rose a marginal 0.8 per cent to $78.25 million, dragged down by a weak performance in its Singapore operations as well as losses in China and Thailand. The results are lower than the consensus forecast331 words
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Article, Illustration351 1996-12-14 8 Jenny Lam - Improved results doe to development profits, higier retail rentals By. Jenny Lam [SINGAPORE] Centrepoint Properties Ltd (CPL) yesterday reported a 39.9 per cent jump in group net earnings to $125.87 million for the year ended Sep 30. Turnover came to $326.3 million,FILE PHOTO - 351 words
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558 1996-12-14 8 Lee Yoke Har - HOCK LOCK SIEW Lee Yoke Har TOO little too late. This best sums up the inadequacies of the annual reports of Singapore corporations. It has been over two decades since the first awards were given to the best annual reports558 words
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Article, Illustration217 1996-12-14 8 [SINGAPORE) The L&M Group Investments counter came under severe selling pressure when it resumed trading yesterday after a week-long suspension. The counter fell to an intraday low of $1.46 before closing with a net 15-cent, or 8.7 per cent, loss at $1.58 onSource: Bloomberg - 217 words
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Article132 1996-12-14 8 Ong Chit Chung - LETTER TO THE EDITOR Ong Chit Chung President CEO, Sum Cheong International Ltd I refer to the report in The Business Times of Dec 13 entitled "Sum Cheong sees HK relisting soon". We wish to clarify that, in response to a question on the lifting of132 words
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208 1996-12-14 8 [SINGAPORE] International Factors Singapore (IFS) yesterday requested for a resumption in the trading of its shares after major shareholder Ecics Holdings said it had decided against selling its IFS stake. IFS was suspended on Wednesday morning at Ecics' request after an208 words
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REGIONAL & INTERNATIONAL COMPANIES
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Article, Illustration508 1996-12-14 9 Political, business leaders say racism behind Paris' decision to cancel Multimedia sale to Daewoo AFP [SEOUL] South Korea's political and business leaders said anti-Asian racism may have led to the French government's cancellation of its planned sale of debt-laden Thomson Multimedia to DaewooAFP - 508 words
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263 1996-12-14 9 Alec Almazan - From, Alec Almazan in Manila SINGAPORE'S Wah Chang Group has sold its interests in two high-end resort joint ventures here, an official said yesterday. Retail and property magnate Jose Go, president of listed Gotesco Resources, has bought out Wah Chang's 40 per263 words
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COMPANY Briefs
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91 1996-12-14 9 Bloomberg Business News [TAIPEI] Hualon Corp, one of Taiwan's largest business groups, tentatively delayed building a £157 million (***** million) textile plant in Northern Ireland because of opposition from British rivals. "We've not decided when to start building the plant," said L C Chang,Bloomberg Business News - 91 words
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105 1996-12-14 9 AFP [DARMSTADT, Germany] Former Volkswagen purchasing director Jose Ignacio Lopez de Arriortua has been charged with receiving stolen property and betrayal of company and commercial secrets, the Darmstadt prosecutor's office said yesterday. Lopez, who worked for General Motors before switching to the company'sAFP - 105 words
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Article55 1996-12-14 9 Bloomberg Business News [BURBANK, California] Walt Disney Co said its second-in-command, Michael Ovitz, resigned on Thursday after an uncomfortable year in the executive suite with chairman Michael Eisner. The company said it doesn't plan to name a successor and that Mr Ovitz will remain as an adviserBloomberg Business News - 55 words
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Article, Illustration56 1996-12-14 9 [ANAHEIM, California] CNN News division president Tom Johnson, Time Warner vice-chairman Ted Turner, Time Warner chairman and CEO Gerald Levin and TBS president and CEO Terry McGuirk, (pictured left to right) pull the ceremonial switch on Thursday launching CNN/SI, the 24-hour sports news networkREUTER - 56 words
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276 1996-12-14 9 Bloomberg Business News [HONGKONG] Hongkong Telecommunications signed up thousands of subscribers for its new, downmarket mobile phone service, in a move aimed at pre-empting the launch of six competing services. One2Free Personal Com, set up to target non-business users, has been aBloomberg Business News - 276 words
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362 1996-12-14 9 6,ooojobs to be axed in Germany as firm tries to boost earnings growth Reuter, Bloomberg Business News [MUNICH] German industrial giant Siemens AG is turning away from the rising labour costs and sluggish economy in its home country to build bases forReuter,; Bloomberg Business News - 362 words
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573 1996-12-14 9 S N Vasuki - Firm says it has been reassured by govt but analysts say Busang situation's not clear From S N Vasuki in Jakarta BRE-X Minerals, a Canadian mining company, said yesterday that the Indonesian government has not cancelled its exploration permit to develop the world's573 words
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149 1996-12-14 9 FP [TOKYO] Japan's Hitachi Ltd and partner LG Semicon Co Ltd of South Korea are to delay construction of a 130 billion yen (511.6 billion) semiconductor plant in Malaysia, a Hitachi official said yesterday. The official at Japan's biggest electric machinery maker said constructionFP - 149 words
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215 1996-12-14 9 Bloomberg Business News [REDWOOD SHORES, California] Oracle Corp has reported that second-quarter earnings rose 31 per cent, in line with what analysts expected for the world's largest maker of database software. Oracle said net income for the three months ended Nov 30 roseBloomberg Business News - 215 words
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Article, Illustration317 1996-12-14 9 Hmm my include reabgmng, reducing number of stores AFP [TOKYO] Yaohan Japan Corp, the core company in a retail group active in Asia and the United States, will announce concrete restructuring plans as early as next week, the Yomiuri Shimbun said yesterday.AFP - 317 words
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FINANCE & COMMODITIES
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446 1996-12-14 10 It will take USs2Bom charge this qtr to update retail banking, reposition global ops FT [NEW YORK] Bank America, the third largest US bank, on Thursday announced it would take a pre-tax charge of US$2BO million (***** million) this quarter to pay forFT - 446 words
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Article, Illustration369 1996-12-14 10 Shiv Taneja - By Shiv Taneja [SINGAPORE] UOB Asset Management yesterday announced the launch of a unit trust that will invest in foreign currency-denominated stocks listed in Singapore. The United Foreign Equity Fund (UFEF), which is the llth unit trust launched by UOBAM, will invest in369 words
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Article, Illustration457 1996-12-14 10 USS/nutrk: The US dollar posted slight gains to 1.5582 on Monday before bearish sentiment in the US stock and bond markets dragged the unit lower to 1.5340 by Wednesday. Thereafter, it settled to trade between 1.5347 and 1.5474 for the rest of the week. It wasSource: DBS Bank - 457 words
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293 1996-12-14 10 MD cites approval delays and detiaon ti Ml HifK ftmihi [SINGAPORE] A combination of factors resulted in UOB Asset Management launching only two unit trusts this year instead of the planned Ave, managing director Daniel Chan said yesterday. Mr Chan, who293 words
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287 1996-12-14 10 HandeSsbaiiken's 22JN> kronor bid tops Skandia's offer FT [STOCKHOLM] Svenska Handelsbanken, Sweden's biggest bank, has launched a spectacular 22.9 billion Swedish kronor (554.7 billion) takeover bid for Stadshypotek. Its move on Thursday dealt a blow to Skandia, the Swedish insurer, which had offered toFT - 287 words
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Article281 1996-12-14 10 Reuter (JAKARTA) Indonesia's state oil company Pertamina said yesterday demand in the AsiaPacific region for liquefied natural gas (LNG) will rise to more than 90 million tonnes a year by 2005 from about 59 million tonnes this year. "LNG demand in the AsiaPacific regionReuter - 281 words
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Article162 1996-12-14 10 Reuter, AFP THE dollar was steady against the mark and slightly lower against the yen as traders awaited the final outcome of the European Union summit in Dublin and the details of a budgetary stability pact. EU finance ministers met on Thursday but left final agreement on theReuter,; AFP - 162 words
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Article, Illustration1094 1996-12-14 10 —awr fTBIWi lATM Dec 13 cST 0 82 0 *3 OM* ita «l£ OJM L929 10* 'uS 0M3 iS 2 Jj3 3J*0 o5S 05*9 oS 1073 0073 0 BO ST IS4 UK UK 1927 9J54 44.7*1292M IM 115M 1M9 1779 50.W732JM 1746 INS U4134JW ***** 0.754 12M rmu 02*0 1J941,094 words
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309 1996-12-14 10 ENERGY REPORT Reuter [ANKARA] The first Iraqi oil to be exported via Turkey in six years will be loaded onto a ship next week in southern Turkey in a ceremony attended by Prime Minister Necmettin Erbakan, Anatolian news agency saidReuter - 309 words
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Article1616 1996-12-14 11 gicxmwrnjm Dec 13 RUNU Mm dNfcf aat SJOpa) ISSICONTRACTttcMtiAt) On* VtfMM OpM MI m> ui wt (tin) itftst JM 97 (7100 177.75 177.50 225 175 Ft* *7 180.25 180.25 MOJO 200 2050 Mar 97 183.75 2125 A#t/JM 97 186.50 4200 .M/Sap 97 187.75 56» Oct/Dac 97 189.00 4501,616 words
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Article1623 1996-12-14 11 AFX-Asia Qiw» -ism SHARE prices closed down yesterday, but well clear of their lows on late bargain-hunting and position covering, brokers said. The 225-share Nikkei Average closed down 159.81 points at 20,341.39, after a low of 19,951.69 in mid-morning trade. This was the first time the Nikkei 225 IndexAFX-Asia - 1,623 words
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Article2314 1996-12-14 11 LONDON BwO Hag *h_ AS Ports 264 -3.400 Abbay Nation* 706.400 .200 AINadOofliacq 419.400 -5.600 Amoc 88.400 -1.600 Aid* Group *****0 .400 BAT lod 489 -2.600 BtCC 255 -11.400 BOC Group 887.400 -6^00 BftPatroioum 661 -2.200 BTR 250.400 -3.200 Bonk of Scotland 292 -2 Barclays 1001 -26.2002,314 words
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Article, Illustration1642 1996-12-14 12 AFX-Asia Q Hang Seng -M»fl SHARE prices closed sharply lower yesterday on continued profit-taking in property stocks and selected conglomerates, dealers said. The Hang Seng Index closed down 269.21 points at 12,784.07 on turnover of HK$lO.O9 billion. The December futures contract was last quoted at 12,760, while the JanuaryAFX-Asia - 1,642 words
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Article, Illustration632 1996-12-14 12 Reuter Q Sheozhenß Index -25J6 THE Shenzhen B market plunged 14.8 per cent in heavy trading yesterday because of a crackdown by local securities authorities on mainland Chinese buying B shares. The index plunged 25.85 points to 149.37 on turnover of HK5432.45 million against Thursday's HK5395.77 million. Securities authoritiesReuter; Source: Credit Lyonnsis Securities(Asia) Ltd - 632 words
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Article385 1996-12-14 12 AFP □WP Intel -052 SHARE prices barely changed yesterday as most investors retreated to the sidelines. "Investors refrained from taking positions amid uncertainties over the market's near-term outlook, coupled with recent plunges in overseas markets," said a trader. The TSE Weighted Price Index lost 0.52 point to 6,825.10. TurnoverAFP - 385 words
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Article, Illustration671 1996-12-14 12 AFP n Composite Index -3.44 SHARE prices closed lower yesterday, in line with weakening regional bourses, although strong demand for Telkom stemmed the drop. "Most blue-chips are going down but at the same time we see some buying support from foreign investors," said a dealer, adding that there wasAFP - 671 words
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Article, Illustration828 1996-12-14 12 AFP HSEThtot +0.42 PRICES rose slightly yesterday, on short-term buying in anticipation of a policy announcement by Finance Minister Amnuay Virawan. An analyst said investors returned to the market as worries about external factors declined, while there was no negative news. The SET Index edged up 0.42 points toAFP - 828 words
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Article261 1996-12-14 12 AFp Q Manila -BJI SHARE prices fell yesterday, reflecting the sharp drop on Wall Street. The PSE Composite Index slid 8.91 points to close at 3.120 20 points Turnover was 6 billion shares worth 2 17 billion pcww Philippine I >nnt T» Wpltnm Ml ftw pMnt to I MiAFp - 261 words
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Article396 1996-12-14 12 AFP POmpogtahfai 431 SHARE prices edged down slightly yesterday, with late bargain-hunting of blue-chips eroding early losses. The Composite Index closed down 0.31 points at 689.07. Turnover was 26.1 million shares worth 441.8 billion won. Falls beat risers 689 to 232, with 106 unchanged. Most blue-chips turned bullish, withAFP - 396 words
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Article596 1996-12-14 12 AFP DABOriiriM -211 SHARES plunged yesterday, weighed by the Dow Jones suffering its worst single session overnight loss since July. "There was negative sentiment from Wall Street coming through to our market today," said a broker. "It prompted a few nervous people to sell rather than hold." The All-OrdinariesAFP - 596 words
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Article229 1996-12-14 12 AFP Q Wellington -12J1 SHARE prices largely withstood sharp falls in overseas markets to end yesterday's session just slightly down. The NZSE 40-share Capital Index ended 12.61 points down at 2,349.91. —AFP Nen *h mm AN2 tonkin* t.75 -0.2S 154»4 Atfvwrt M HM91 1.25 unch WOOO MNnJiHindW 2 67AFP - 229 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration8091 1996-12-14 13 Bloomberg Business News kl Composite Index -1L24 STOCKS fell for the third day to their lowest level in almost five weeks after US stocks declined on worries that interest rates may rise. "Fund managers are selling shares here to prepare for a possible redemption ofBloomberg Business News - 8,091 words
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WARRANTS & OPTIONS
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3846 1996-12-14 14 R Sivanithy - WARRANT WATCH -By R Sivanithy THE stock and warrant of Indonesiancontrolled construction firm L&M Group Investments were among the biggest losers yesterday. The once-darlings of the local market have fallen substantially in the wake of the Amcol affair. And things have taken a3,846 words
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Article2375 1996-12-14 14 MALAYSIAN STOCKS 6r Or I9M Last Vtl Day Last Ouots Ok Ok IN M M C«a High Law itKO Campally «H COOP) Hlgfc Last ig> hfcf H CMr P/t M 625 360 ms 5000 AISB50C 372 cd -6 16 374 372 370 376 5.0 4.9 0.4 7U 381.62,375 words
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STOCK EXCHANGE OF SINGAPORE
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Article1204 1996-12-14 15 Twwovtt roe*) mmnm cut rim mm o» MuvtrM ***** 11,346 3MU IMT4 n *H "MS rkwK. 4.034 2.693 *.729 »W UM «<« IMN 900 172 1,072 23*4 210 u»4 Prop»rtt« J.771 2.936 6.707 26.719 V71 WnXWow 631 631 V333 '333 IHniim 149 14# JT7 37? 5* 5.696 6.K>4 U.002 MJ71,204 words
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Article4622 1996-12-14 15 eI 6c wt MM LMt Vat Day Laat OiMt* Mv Dh W UK Cm A«g Hiqh Law StNa 1* impair Ul COOO) Htfk Lm 8wyac W CV M >*Wlt INDUSTRIALS 5146 ASE NTS10 200 US- 1000 900 ASF US$0.01 WO US900 214 165 1258 AcarSOc ***** -3 >44,622 words
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Article922 1996-12-14 15 flr «r H wi It* LmI VaO 04* LaatOMt* Oh H> VM M Cm A«4 M» L— «m> Cmmmy Wi PWW 0—i L— m*m M> Or NK >3 *it» 2M 135 2000 AMNMftSc 169 *3 IT- 172 MS 444 471 3.0 442 0.1 K»* 75-2 170 M4 4* 6922 words
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Article, Illustration78 1996-12-14 16 Shiv Taneja - Shiv Taneja ALL indicators point to a buy for Courts? but i investors should be aware that the stock may not have bottomed out yet. It would be fair to expect a little more downside, but this is also probably j a good time to begin accumulating Courts78 words
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Article, Illustration881 1996-12-14 16 R Sivanithy - STOCK MARKET COMMENTARY However, a better showing in afternoon trading here sees most counters ending off their intra-day lows, albeit in thin volumes By R Sivanithy [SINGAPORE] Worries about how Wall Street is behaving unsettled the local stock market for the third881 words
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ON THIS GRAPEVINE
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Article152 1996-12-14 16 MUCH comparison has been made between Singapore and Hongkong. For instance, many observers have seen chief executive-designate Tung Chee-hwa as a potential Lee Kuan Yew, running Hongkong after 1997 with a style very much similar to the former Singapore premier. Mr Tung has. of course,152 words
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Article112 1996-12-14 16 PROPERTY consultants and developers alike agree that it is much easier to pre-sell residential property if there is a show unit customers like to see what they will be getting for their money. But Far East Organisation's launch of its factories in Eunos Techpark,112 words
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Article51 1996-12-14 16 WE HAD thought that the National Geographic Society would be familiar when it comes to national boundaries. Not so, as one of our journalists found out. His mail from the society was addressed to a place called Singapore, Malaysia. But never mind, the Malaysians had it redirected to51 words
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Article106 1996-12-14 16 'TIS truly a season of good tidings for those in electronics manufacturing. Far from the doom and gloom seen earlier this year, forecasters are now optimistic that the electronics sector will fare well. While there is a fine toss between whether the recovery will come in the106 words
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Article52 1996-12-14 16 ONE broking house downtown has had a change of heart recently. A little bird told us that it now allows its staff to speak to the press. It had previously imposed a blackout in reaction to what it termed as "bad press" given to the company.52 words
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Page 8 Advertisements
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Advertisement31 1996-12-14 8 Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC W Kinokuniya Shell BP mph esso Holdings31 words
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Page 9 Advertisements
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Advertisement194 1996-12-14 9 NOTICE OF FINAL MEETING OF COMPANY In the matter of OFFSHORE PROCUREMENT MANAGEMENT PTE LTD (In member*' voluntary liquidation) and In the matter of section 308 (2) of the Companies Act (Cap SO) NOTICE Is given that pursuant to the Companies Act (Cap 50). Section 306, the final meeting of194 words
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Advertisement21 1996-12-14 9 Locate its owner through Classification 821 (Found). Simply call CJLT.S. at 1800-737-1166 for this free service. -*i Another Classified Service s21 words
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Page 10 Advertisements
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Advertisement7 1996-12-14 10 ♦The Simex dosing report w»s not available.7 words
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Page 12 Advertisements
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Advertisement10 1996-12-14 12 L'expression personnelle. Guaranteed for life stores pen specialists. For more10 words
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Page 13 Advertisements
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Advertisement130 1996-12-14 13 §Send lO ftreo faxes toctayl a I Got an Internet account...try out Send e-mail to any place in mtßmm I Asia One's Fax Mailer where you H H continental United Slates from i can send e-mail Y ■Mfftll BK anywhere in the wortd for Jf/lUk* M direct to a fax130 words
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Page 14 Advertisements
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Advertisement27 1996-12-14 14 ALFRED DUNHILL The Dress Pen ill' (Jlasttcs freajtiire stncr itstt 4Jfrrt/ 3tviAt/fat (Aitf/frs ffi&fr/ istade. .TAr Lfiurqpott. Vpec {am 6!r/p. /tyo ytifflfA (*ity tmd £dutmurrt -flany Gottrf.27 words
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Page 15 Advertisements
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Advertisement42 1996-12-14 15 Kfc, when the Market qets Going, the Savvy 90 WRFIH6 Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet I BUSINESS CEHTREI YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION42 words
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Advertisement21 1996-12-14 15 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call at 180CK-737-1166 for this free service. Another CleeaWed Servtoe21 words
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Page 16 Advertisements
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Advertisement576 1996-12-14 16 BUSINESS Xotici'S |n i i mil i km iss.< I THE COMPANIES ACT, CAP. M A P INCORPORATE PTE LTD (la Voluntary Liquidation) SPECIAL RESOLUTIONS PASSED ON 6 DECEMBER 199* At an Extraordinary General Meeting of the company held al No 6 Jalan Ampas 403-01 Singapore *****7 on 6 day576 words
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Advertisement399 1996-12-14 16 IN THE MATTER OF POD MANPOWER PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OP PINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act. Cap. 50. that a final General Meeting of the members of the abovenamed Company will be held at the office of the Liquidator.399 words
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Advertisement312 1996-12-14 16 IN THE MATTER OF POO PUBLISHING PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of (he Companies Act, Cap. 50. that a final General Meeting of the members of the abovenamed Company will be held at the office of the Liquidator.312 words
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Advertisement146 1996-12-14 16 IN THE MATTER OT POD HUMAN RESOURCE MANAGEMENT PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. SO, that a final General Meeting of the members of the abovenamed Company will be held al the office of146 words
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Advertisement51 1996-12-14 16 For Home or Office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News, LianHe Wanßao call our Hotline 1800-749-2577. How to enhance your company profile? In 1111<I mil. <\i 11 J<m 1 Jllll m limuiM .H' J'' IJ51 words
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EXECUTIVE Lifestyle
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Article, Illustration959 1996-12-14 17 CORINNE KERK - Be different this year. Make, rather than buy, your presents. It isn't as crazy as it sounds. All you need is a bit of time and the right instructions. ooßnmßKßßShas some DIY gift suggestions CORINNE KERK CHRISTMAS is just around the corner and ifGIFT IDEAS FROM BEN FRANKLIN CRAFTS; PHOTOS BY CHRIS LOH - 959 words
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STRAWS In The Wind
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Article64 1996-12-14 17 LOOKS like Singaporeans aren't the only swakus (country bumpkins) when they go travelling overseas. While in Switzerland on a guided tour, a Singaporean couldn't help noticing one group of Caucasians who were peering out of the tour bus window in rapt attention. Said one: "Gee, there are so64 words
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Article23 1996-12-14 17 SPOTTRD on the side of a passing truck: "Confidential Records Destruction". Now why would they want people to know that?23 words
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Article62 1996-12-14 17 IT HAS been a pretty tough week for both the local and foreign journalists covering the WTO conference. When an announcement was made that there would be no more briefings for the day, journalists in the media centre burst into loud applause. And given the long nights they62 words
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Article65 1996-12-14 17 SO YOU think that the World Trade Organisation Ministerial Conference in Singapore this week was nothing but serious work? Not all the time. We spotted one BMW with a WTO plate outside the Hilton Hotel, with one rather important looking person, accompanied by what must have been65 words
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PEOPLE
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Article, Illustration1457 1996-12-14 18 TAX SU YEN,AUDREY TAN - If TV commercials and movie merchandising are a nything to go by, Christmas isn't Christmas if it doesn't come with a price tag and a fake Dalmatian that drinks water and wees. Amid the hoopla and the manufactured gaiety stirred up by retailers, what doFILE PHOTO; PHOTO BY SIEW YAW HOONG; SIEW YAW HOONG - 1,457 words
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COVER STORY
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Article, Illustration1139 1996-12-14 19 CORINNE KERK - Mould it paint it dry it- and then give it away. omumißSßßshas some DIY gift ideas that should help you discover your creative side this Christmas CORINNE KERK OVER at Spotlight in Orchard Point, colourful Christmas ornaments are stealing the thunder from the store's huge bedding and furnishingPHOTOS BY SIEW YAW HOONG - 1,139 words
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Article, Illustration616 1996-12-14 20 Jaime Ee - CINEMA An unpleasant lawyer gets his come-uppance in Thinner. Fair enough. But why subject the audience to an extended moral lesson? By Jaime Ee MERRY Christmas. Want an effective formula to avoid extra calories this festive season? Take one dose of Thinner the movie just616 words
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Article, Illustration567 1996-12-14 20 Corinne Kerk - CINEMA Never mind if yon can't quite make ont what Sylvester Stallone is saying, for actions speak louder than words in a movie like Daylight liy i Corinne Kerk IF YOU'RE about to watch an action and suspense drama starring Sylvester Stallone, you know pretty567 words
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Article, Illustration454 1996-12-14 21 A Surendren - NIGHTSPOT Expect only the best at Bonne S&nte and that means a sophisticated ambience, fine wines and costly cigars By A Surendren CALL IT stylish, call it pretentious, but there is a certain charm about sitting with a glass of wine or port while puffing454 words
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WHAT'S ON
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Article189 1996-12-14 21 Seow Yit Kin in Concert Pianist Seow Yit Kin returns to Singapore to perform at Chijmes Hall for just one night to help The Substation in its fund-raising drive. His programme comprises works by Prokofiev, Beethoven, Schubert, Chopin and Debussy. Dec 20, Bpm at Chijmes Hall, Victoria Street. Tickets189 words
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Article, Illustration140 1996-12-14 21 B-Cycle Does modernisation in today's Asian cities have to mean the loss of Eastern culture and heritage? To find out, watch this contemporary dance group presented by Dance Dimension Project. Dec 18 to Dec 22 at Bpm, plus matinee show on Dec 21 at 3pm. Venue: Guinness Theatre. Tickets:140 words
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Article48 1996-12-14 21 M Yasotha - Compiled by M Yasotha Sitex *96 Everything you need for your computer hardware, software, Internet, multimedia, computer peripherals, accessories, educational/training software, interactive games etc can be found at this exhibition. Until Dec 15, Ham to 7pm at Expo Halls 1 2, World Trade Centre. Admission is free.48 words
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EPICURE
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Article, Illustration1698 1996-12-14 22 GOH HWEE LENG - If you enjoy cooking, what better way to spread some Yuletide cheer than by cooking festive favourites for your family and friends? Three women share their special recipes with ooHHWBBLzaro GOH HWEE LENG JBHA HOME-MADE gift t is never sniffed at, whatever the occasion. DuringPHOTOS BY SIEW YAW HOONG - 1,698 words
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840 1996-12-14 22 N K Yong - WINE CONNOISSEUR By N K Yong THERE has never been a better time for wine shopping in Singapore. Three new wine shops and several new wine bars, re-mod-elled and expanded wine sections in the supermarkets, new stocks, many new wines840 words
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Article, Illustration1123 1996-12-14 23 Tkm Of PlbiiiMi. Martin Landau plays the old woodcarver in this animation and live action version of the classic tale about a wooden puppet that comes to life. Queenstown: 1, 5. Clementi: I, 3, 7. Golden: 3pm. Princess: 1.15; 3.15; 7. New Crown: 1; X 5, 7; 9. Jubilee:1,123 words
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DESIGN
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Article, Illustration1033 1996-12-14 24 JAIME EE - No longer satisfied with just a Christmas tree and cards in the living room? Professional designers are on hand to help put the sparkle into your homes this season, jamb bb finds out what they do JAIME EE CHRISTMAS tree, O Christmas tree,SIEW YAW HOONG; PHOTOS BY SIEW YAW HOONG - 1,033 words
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Article, Illustration753 1996-12-14 24 Jaime Ee - Hired decorators are not for Lai-Yong Lawrence she prefers to do np the house herself By< Jaime Ee WHILE it can be tempting to go the whole hog and turn the entire home into a resplendent, colour-coordinated fairy land, sometimes the personal touchCHRIS LOH - 753 words
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Page 17 Advertisements
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Advertisement7 1996-12-14 17 tipicnre Gifts from the kitchen EL 67 words
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Advertisement107 1996-12-14 17 Design aii decked out for the big day EL 8 4 Clever, these Seasons ads. But what is 'American cuisine? i Our copywriter is sulking. No puns, no witty turns of phrase, he's heen told. Just the straightforward information that contemporary American cuisine is the creative use of ingredients naturally107 words
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Page 18 Advertisements
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Advertisement14 1996-12-14 18 Zy |pjp 4 581 ORCHARD ROAD '02 28 iftk HILTON INTERNATIONAL SINGAPORE PR ADA14 words
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Page 20 Advertisements
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Advertisement394 1996-12-14 20 Coming attraction ffIWBH HN\\aV m. ilMiir- special focus I \C_ H. 172 Fab bargain "IQO buys in Bombay lO*C Classic stripes *100 checks from $29 lOw GET IT NOW! DECEMBER '96-JANUARY '97 HOME DECOR $4.50 Times the Bookshops NTUC Supermarkets Kinokuniya 7-Eleven MPH STOP PRESS kiosks Cold Storage Shell Esso394 words
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Page 21 Advertisements
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Advertisement805 1996-12-14 21 Bonne Sante UOl-13 The Gallery, Chijmes 30 Victoria Street, Singapore *****6 Tel: 338-1801 Coming attraction Where to wine, dine and entertain [PIPPIPPIPPIPPIMIMIMIMIMMIHIIIIIIIVI (^Aristpt i ij AMARA BALLROOM l& 2 7.00 PM 1.00 AM j It's the season for merry-making again, |j I and this year at the Amara Singapore, we're805 words
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Advertisement86 1996-12-14 21 |r n< 11 biggest Dian Xiin Restaunnt At The Neptune on Shenton Way Dian Xin/Lunch Utrw /g 11.30am-2.30pm ®thc «a ffVCpfUfftV 1 7TH FLOOR. OVERSEAS UNION HOUSE. i A Bigger Better Tunch MORE VARIETY EXCELLENT VALUE SAME OLD PRICE $13 80-. (adult) rafiSghjS $B.oo+++ (Child) Sat/Sun/Pubtic Holidays 19 noon to86 words
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Page 23 Miscellaneous
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Miscellaneous1315 1996-12-14 23 TOMORROWS TV ■L»J uLuti I*l Willi IT MMMt'l PM TV Innovations. RECOMMENDED vmw&MO jjq Rude qqcb and Dweebs 8.00 AM TV Innovations. %m Madel^ Tprrnr witnesses to a murder and &3 Hun xa§ Deify Friends. rru -4. the police have to keep 10J0 Web*. P^ i*""" 1 Le e in1,315 words
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