The Business Times, 18 August 1998
1998-08-18
1
44
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The Business Times
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Title Section12 1998-08-18 1 THE BUSINESS TIMES MITA(P) 110/12/97 85C SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, AUGUST 18,199812 words
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Article67 1998-08-18 1 □sni MBM (-28.62) □BT-SBI 373*64 (-14.78) riBTOOMP Mraa (-26.98) t nsrasA KJ G38L30 (-15.84) rTHiBXETHOOOe iubPua STOCK HAIXET INDICES Monday Charge Kf/SK COMP 316.24 -11.74 NIKKEI 14,794.66 429.27 BANG SENG dosed SET INDEX J35J4 -8.38 JAKARTA COMP dosed MANILA COW 1,***** 121 TAJPEl WP1 7J73.8& -9759 SEOUL COMP67 words
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Article77 1998-08-18 1 ran wis uss s$ ISS I TfiA £(IS$/S$pcr£) 1611 2.836 DM 1.806 0.975 YEN— 146.4 1502 RM 4236 0.416 HK$ 7.7SO 0.227 BAHT 41.780 0 042 WJP1AH 12J00 0.014 'St to UO units PRIME SATES SINGAPORE* 788 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 2110 HONGKONG 1025 TAIPEI77 words
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Article, Illustration861 1998-08-18 1 Larry Wee - Dow up 54 points at lpm; all eyes now on the Hongkong dollar and Chinese ynan By Larry Wee [SINGAPORE] World financial markets pulled back from the brink yesterday as Wall Street stood firm and European markets clawed back early morning losses sparkedREUTERS - 861 words
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Article, Illustration441 1998-08-18 1 R Sivanithy - Rouble devaluation, fears of plnnge in HE rattle investors By. R Sivanithy [SINGAPORE] Asia's already battered stock markets were yesterday sent reeling by the double-blow of a rouble devaluation and fears that the Hongkong market will collapse when it reopens today. Losses inSource Bloomberg - 441 words
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699 1998-08-18 1 Clarissa Tan - Loss believed to be Ist by a S'pore bank in recent memory By i Clarissa Tan [SINGAPORE] Tat Lee Bank yesterday exceeded analysts' worst expectations by reporting a net interim loss of $123.3 million believed to be the first by a Singapore bank699 words
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Page 1 Advertisements
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Advertisement144 1998-08-18 1 imnPß Valuing Fsqf Smmu How much is this prime condo in the Orchard area really worth for the investor? Lee Han Shih shares his views in The Property Column, Pf 4 Hsteffiag in Australia After several good years, profits for Singapore hotel owners in Australia are tipped to fall, Pgl7144 words
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Advertisement63 1998-08-18 1 HK intervention sends bearish signals, Pg 6 KLSE slides on 'shocking' measures warning, Pg 6 Powerhouses in 21st century MK NUS and NTU must do more. To become powerhouses for Singapore s economic growth in the 21st century, the two universities must become engines of entrepreneurship and innovation. 9 WjV^H63 words
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Advertisement164 1998-08-18 1 Limited downside seen from Russian devaluation, Pg 12 \srx.?« fi Win ii 11 < "nit sin news »>n Asi.i, out pit tun is complete in depth. .will professional Will- n< «.\s ijalht ruui hurt anv ihn uujhout the n qion, .1 U am of •> n •iciii 111 'fit spondt164 words
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SINGAPORE AT HOME & ABROAD
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596 1998-08-18 2 Carol Eng - Supermarkets' move follows Fair Price's earlier price cnts for 33 items Carol Eng IN quick succession, both Carrefour and Tops supermarkets have cut prices, following NTUC's price reductions for 33 items over a week ago. Both Carrefour and Tops declined to give the range596 words
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506 1998-08-18 2 Ronnie Lim - 995 ha project's target completion date is 2003: officials Hy] Ronnie Lim WORK will start shortly on the final, largest and most expensive reclamation phase the 995-hectare Phase 3b of the $7 billion Jurong Island oil/chemical hub. The project is targeted506 words
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Article, Illustration293 1998-08-18 2 Clarissa Tan - EYE ON THE ECONOMY Money supply By i Clarissa Tan GROWTH of M 2, the most common measure of money supply, dropped marginally to 8.1 per cent year-on-year in June. M 2 which comprises currency in cir- culation, demand deposits and quasi-money rose 8.1Soy ret MAS - 293 words
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350 1998-08-18 2 Siow Li Sen - By\ Siow Li Sen SINGAPORE can compete successfully for a slice of the growing Islamic banking market despite being a latecomer because it is already one of the premier financial centres in Asia, said Community Development Minister Abdullah Tarmugi yesterday.350 words
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1088 1998-08-18 3 We reproduce below extracts of the speech by Deputy Prime Minister Tony Tan on Sunday, titled "What must Singapore do to prosper in the 21st Century?" THE Asian economic crisis has widened and deepened, sparking off political turmon and uncertainty in some1,088 words
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Article, Illustration605 1998-08-18 3 Carol Eng - Tax holidays for start-up firms; 'high risk-high reward' bourse suggested Byi Carol Eng ENTREPRENEURS and industry players yesterday applauded Deputy Prime Minister Tony Tan's announcement on Sunday on the need for changes in education, tax and stockmarket regulations to encourage innovation. And they wereFILE PHOTO - 605 words
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Page 2 Advertisements
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Advertisement273 1998-08-18 2 J-" -;-*a* before it s too late. ÜBIMmB CXrfl, lacklustre texture f^n^k^AtT severe hair loss. <ii fiiS| Kjfa- I nmhli HmM&IsS£Mi^STC I V Jjg^gs ff >, Poor blood Do you know that if your hair if caught early enough. With more than At Svenson, we offer both the Hair shows273 words
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Advertisement269 1998-08-18 2 The Regional credit crunch is spurring a resurgence of interest in Countertrade. Attend I this forum to equip yourselves with the necessary techniques in Countertrading. Network I with several established international traders, banks and financial institutions that have I already registered. I International experts and practitioners will present the following269 words
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Page 3 Advertisements
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Advertisement25 1998-08-18 3 For Sale Lease Tenure 30 years from 1991 Site Area ***** sq. ft. Floor Area *****/***** sq. ft. Ceiling Height 7m TOKYU REAL ESTATE *****3325 words
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Advertisement16 1998-08-18 3 Insurance Step into action. Let us take care of the risks. > i v V f I16 words
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FOCUS: PROPERTY
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Article, Illustration677 1998-08-18 4 Lee Han Shih - THE PROPERTY COLUMN Putting hopes of capital gains aside, a case could be made to value the condo at $550psf based on investment considerations By Lee Han Shih HOW much is a condomini um in Four Seasons Parfc worth? On pure invest ment grounds in677 words
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Article, Illustration712 1998-08-18 4 Ong Choon Fah - Twice as many caveats lodged in Q2 as in Ql despite cautions mood By i Ong Choon Fah The writer is Edmund Tie and Co's executive director for corporate advisory, research and consultancy. [SINGAPORE] Activity in the private housing market improved in theFILE PHOTO - 712 words
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232 1998-08-18 4 [SINGAPORE) The government is inviting members of the public to give their views on the Land Titles (Strata) (Amendment) Bill for the consideration of the Select Committee on the bill. Written representations may be submitted in English, Chinese. Malay or Tamil to232 words
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Article566 1998-08-18 4 Property auctions coming up WEDNESDAY, AUG 19 (2pm) Grand Plaza Parkroyal Hotel, Ballroom 1 Development: Lots 1621,113-2,113-1.112-2,112-1,110-4, TS18 at Race Course Rd: 4,318 sq ft/FH* Residential: 60 Joo Chiat Lane: 3-sty bungalow, 4,309 sq ft/FH* 201F Ponggol 17th Ave: 2-sty bungalow, 6,160 sq ft/FH* 61 ChartweM Dr:566 words
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Page 4 Advertisements
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Advertisement272 1998-08-18 4 About University of Southern Queensland: Excellent graduate placement as reflected In the "Good Fully-funded by the Australian Federal Government Universities Guide to Australian Universities* The Member of the Association of Commonwealth Universities placement ratio is 5 out of 5, the highest ranking amongst (ACU) which gives its graduates the international272 words
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Advertisement167 1998-08-18 4 Prime Freehold Bungalow Sites at Chatsworth Road I FOR SALE BY TINDER Site Area: 19,045 sq ft 1 Site Area: 13,580 sq ft Beautifully refurbished Rar&qcant plot along < conservation bungalow y CfiatlWorth Road 3 Building extension approved Approval granted for a g Good tenancy/vacant 2-storey bungalow with possession possible167 words
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Advertisement37 1998-08-18 4 Friday $24.90+++ dflßlgfej Weekend $26.90+++ J^H^HHy For dine-in every Friday and Weekend till 7.30pm only Reservation required SK nfllr THt *\AGJC or cAONGQMG HOT POT MffmrTf Tanglin Rd #04-06/07 Tanglin Shopping Centre S'pore *****9 Td:734 8135/734 978937 words
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Page 5 Advertisements
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Advertisement54 1998-08-18 5 I 5-year vehicle dependal>ili ly study. o I 1995 I nameplate in vehicle depeji dab iI i ty. I 1 996 I t na m e|> lal c in vehicle dependability. 1997 I 1 nameplate in vehicle Jependabilify. 199 8 I o t nameplale in vehicle dependability. I Tile marque54 words
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ASIA'S ECONOMIC SLUMP
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204 1998-08-18 6 Reuters [KUALA LUMPUR] Malaysian Deputy Prime Minister Anwar Ibrahim said yesterday the global financial system was flawed and rich Western nations were gaining from Asia's economic turmoil. Echoing Prime Minister Mahathir Mohamad's view that foreigners were largely responsible for Asia's troubles, Mr AnwarReuters - 204 words
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164 1998-08-18 6 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's biggest bank, said it will cut its key lending rate for the third time in six weeks, to 10.9 per cent from 11.4 per cent. The cut, which comes into effect today, came 10 days afterBloomberg - 164 words
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Article, Illustration581 1998-08-18 6 Eddie Toh - Index falls to almost 10-year low; rouble devaluation also hnrts sentiment From Eddie Toh in Kuala Lumpur THE badly buffeted Malaysian bourse took another pounding yesterday following Prime Minister Mahathir Mohamad's remark that there could be further "shocking" measures to overcome581 words
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464 1998-08-18 6 Wong Wei Kong - Rouble devaluation will add to markets' volatile ride today By Wong Wei Kong [SINGAPORE] The Hongkong government's unprecedented intervention in the stock and futures markets last week to ward off currency speculators has further undermined confidence in regional stock markets, some fund managers say.464 words
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Article, Illustration534 1998-08-18 6 Anthony Rowley - From, Anthony Rowley in Tokyo A MAJOR reconstruction of one of Japan's most problemridden financial institutions, the Long-Term Credit Bank (LTCB), is expected to be announced later this week including a substantial injection of public funds. The move would pave theVvcy Boon**) - 534 words
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482 1998-08-18 6 Louis Beckerling - Bat investors eyeing property may support yen at 155 By\ Louis Beckerling [SINGAPORE] Japan will not come to the rescue of Asian economies next year, and will barely stay out of recession itself. That was the warning issued at a client briefing here yesterday482 words
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Page 6 Advertisements
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Advertisement398 1998-08-18 6 Buy It. Sell 11. Find It Classified. 0 > |«'AI-V MM-7.17-1166 till linhiv I'm AY.uillx liiinonow. IHtl.l.fJlT&T I Keppel Telecommunications Transportation Ltd I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1998 The Directors of Keppel Telecommunications Transportation Ltd advise the following398 words
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SOUTH-EAST ASIA
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Article, Illustration589 1998-08-18 7 Shoeb Kagda - Strong military presence in Jakarta; no disturbances despite earlier fears From Shoeb Kagda in Jakarta INDONESIA yesterday celebrated its 53rd Independence Day unmarred by any incident despite earlier fears of possible outbreaks of violence which led to another exodus of ethnic Chinese. While President B JAFP - 589 words
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263 1998-08-18 7 BEIJING AFP BEIJING university students yesterday led a chorus of protests across the region to demand Indonesia punish those responsible for atrocities committed against ethnic Chinese. Two groups of university students gathered at the compound of the Indonesian embassy to condemn the violence inflictedAFP - 263 words
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192 1998-08-18 7 MANILA Reuters ASIA'S economic crisis is spurring regional integration, which may eventually pave the way for one market and a common currency, Philippine Foreign Affairs Secretary Domingo Siazon said yesterday. "The roiling economic crisis in the region has indeed been a big jolt to usReuters - 192 words
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156 1998-08-18 7 HANOI Reuters VIETNAM'S central bank governor Nguyen Tan Dung has reassured the European Union that local banks will honour letters of credit, an official said yesterday. Mr Dung, who is also deputy prime minister with responsibility for the economy, made the pledgeReuters - 156 words
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301 1998-08-18 7 SINGAPORE Change not timely amid Asian financial turmoil: analysts Bloomberg OIL-rich Brunei is unlikely to sever its currency link to the Singapore dollar because the change would create more problems than it would solve, analysts said. On-again, off-again speculation about an endBloomberg - 301 words
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Page 7 Advertisements
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Advertisement285 1998-08-18 7 Is technology helping you Sink JHHK c^, a c m- fIL iL. Av JjßSfl^^^^H or swim? I" troubled economic waters, technology decides how well you survive. When survival is crucial, you need to identify the substance behind the promise. But you probably have been seduced by promises more than once.285 words
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Page 8 Advertisements
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Advertisement73 1998-08-18 8 I ASSUMING THERE'S ANYDNE AROUND TO I IMPRESS. I.' >t#^j I w J iim'W)'»U I ***<?*'*?** '*i •>"•» ~y t I >I- f ANT ROD U'C IN P T H-E WORLDS FIRST HANDHELD GLOBAL SATELLITE PHONE. •> A/SID PAG{NG NETWORK. 06 SAT ELLITES B L.A NKETtNG THE EARTHS AT MOSPHERE73 words
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CHINA-HONGKONG-TAIWAN
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402 1998-08-18 9 Daqing oil fields now in danger; they make up 50% of domestic production SHANGHAI Reuters FEARS over the impact of worsening floods swamped prices of China's A shares for domestic investors yesterday as tens of thousands of Chinese soldiers wereReuters - 402 words
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254 1998-08-18 9 HONGKONG Bloomberg THE number of jobless Hongkong people is likely to have doubled from January to July as the territory's economy tumbled into its worst recession in a generation, economists said. They warn the July unemployment rate will rise to about 5Bloomberg - 254 words
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263 1998-08-18 9 BEIJING Reuters CHINA'S cabinet has approved a special bond issue worth 270 billion yuan (5557.1 billion) to recapitalise stateowned banks, the Xinhua news agency said yesterday. The finance ministry wiU issue the 30-year bonds, which will carry an annual interest rate of 7.2Reuters - 263 words
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Page 9 Advertisements
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Advertisement62 1998-08-18 9 'Bull run' at Block 221, Pasir Ris. TL,p, I TTI A lIIIIM to over 530.000 Follow the fortunes of Lee Hoonq and ?K- other players m The Game Star-lord Chartered investment competition, n the weekend edit, of The Business furies ll' '111 I' 111 \|i lli <| \|'M!..\ll I iinpk'loil62 words
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Advertisement802 1998-08-18 9 AXMHNBH WllMßslFf MH 4 IPKtp tMHi W ilHra Hi 1' t ,>£» f jjinsK .fki t giTOlwff M 4 i t> «l 'f #«#C> a w* v' j iHMy f B*^b^S KJlfl IB Bflla ■Sil¥Kfl B K Whether it's a boardroom in the concrete jungle or a cabin in the802 words
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Page 10 Advertisements
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Advertisement587 1998-08-18 10 Singapore transport I Total Customer JCTSMQ SUPPLY SERVICE PTE. LTD. I W*«»wiiici J 12 Benoi Sector Singapore *****6 I -4.* If Te1:*****77 Fax:26s 3000 E-mail:stss@stss.com.sg ISTaC 110 M chairman Managing Director effort and dedication to provide Uncompromised Excellent sjt£ n Singapore Transport Supply Service Pte Ltd ISO Steering Committee and587 words
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ASIA
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Article, Illustration409 1998-08-18 11 TOKYO In the same month, corporate bankruptcies rise 2&5% to 1,673 cases Bloomberg JAPANESE banks terminated business with more companies in July, the 14th straight rise, as ongoing deregulation of the financial industry forced lenders to take a tougherBloomberg; REUTERS - 409 words
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266 1998-08-18 11 NEW DELHI Half of them are in power and chemicals sectors survey AFP, Reuters, AFX-Asia INDIAN firms delayed or dropped nearly 80 investment projects worth US$2l.2 billion (5537.3 billion) in the past 12 months, according to a survey published yesterday. The survey by theAFP,; Reuters,; AFX-Asia - 266 words
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203 1998-08-18 11 ULSAN Reuters, AFP THOUSANDS of workers at Hyundai Motor Co Ltd joined a company-organised rally on Monday to urge resumption of production halted in a standoff with unions even as the office of President Kim Dae Jung warned it was considering force to endReuters,; AFP - 203 words
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130 1998-08-18 11 CANBERRA Reuters THE Australian government's tax reform package achieved one of its major aims yesterday when a newspaper poll showed a four percentage point drop in support for populist politician Pauline Hanson. The Sydney Morning Herald's AC Nielsen poll of 2,072 votersReuters - 130 words
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285 1998-08-18 11 TOKYO But overall prices still falling, says land agency AFP PRICES for prime land in Japan have risen for the first time in six years but overall prices are still falling, according to a survey released yesterday byAFP - 285 words
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Page 11 Advertisements
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Advertisement7 1998-08-18 11 Editorial: Australia ponders tax reform, Pg 137 words
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Advertisement2227 1998-08-18 11 TO THE BANK OF EAST ASIA, LIMITED ANNOUNCEMENT OF 1998 INTERIM RESULTS INTERIM RESULTS REVIEW AND PROSPECTS The Directors of The Bank of East Asia, Limited (the "Bank") announce that the unaudited results of the Hnnn Knnn Pmnnmu Group for the six months ended 30th June, 1998 are as follows:-2,227 words
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THE WORLD
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530 1998-08-18 12 Investors will be wary of emerging markets but bargain hunt later: analysts LONDON Reuters RUSSIA'S effective devaluation and partial debt moratorium will scare many investors off the emerging markets in the immediate term, but the broader downside for the sector could be limited, analystsReuters - 530 words
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Article, Illustration48 1998-08-18 12 [SIENA, Italy] Jockeys taking the San Martino turn during the annual Palio of Siena horse race in the Tuscan mediaeval city, on Sunday. Dario Colage of the district ofNicchio won the famous and colourful horse race, which dates back to the 16th century. AFPAFP - 48 words
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457 1998-08-18 12 KARACHI Intelligence sources say he confessed, but US denies it AFP A PALESTINIAN arrested in Karachi confessed to a role in the bombings of US missions in east Africa, intelligence sources here said yesterday but the claim was flatly denied by theAFP - 457 words
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303 1998-08-18 12 LONDON Bloomberg CONFIDENCE among UK exporters has fallen to its lowest level since the recession of the early *****, as the strong pound and Asia's slump hit orders, a survey revealed yesterday. Only 30 per cent of exporters expect to see demand riseBloomberg - 303 words
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286 1998-08-18 12 BRUSSELS Reuters GROSS domestic product of the 15-nation European Union rose a real 0.6 per cent in the first quarter of 1998 from the fourth quarter of last year, EU statistical agency Eurostat said yesterday. Real GDP of the 11 EUReuters - 286 words
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Page 12 Advertisements
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Advertisement79 1998-08-18 12 I CJbc ASIA 2***s s*• I J 2 2 I S 5 2JL 2 I J J t j St 5 r 4 M< eee J |M him tM>< mm* M fmmm* JJJ J j*J i I J ,,l# J, J*** I /V I A V V /'-*'S ,/v y79 words
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EDITORIAL & OPINION
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Article, Illustration751 1998-08-18 13 Harish Mehta - THE BOROMLXME OPINION By Harish Mehta The writer is BT's Bangkok correspondent. He is also BT's Indochina specialist THE fragile Chuan Leekpai coalition will face a test of survival when the Election Commission delivers its final verdict in the next few weeks on751 words
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Article157 1998-08-18 13 'I'm clutching my Teddy bear, pulling the blanket over my head, and waiting for the market to settle down. In markets like these, it's an approach that works as well as any.' -li^kWu^n 1 manager of the US$4 billion (Ss7 billion) Acorn Fund for the past 28157 words
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Article655 1998-08-18 13 EDITORIAL THE Australian government is trying to sell its tax reform proposal as a bold new measure that will deliver economic growth, change the face of business and investment and remake the nature of the Federal-state relations. It even promises more money in people's pockets at655 words
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Article, Illustration920 1998-08-18 13 Simon David - Asian govts used to be lenders to the West, but they will soon have to borrow from a wary market By! Simon David FT and, Jeremy Grant FOR international banks, one of the few benefits to emerge from South-east Asia in theFT - 920 words
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Article1179 1998-08-18 13 Waiting lor actions to hurt THE government's Ram-bo-esque intervention in the markets on Friday achieved its short-term goals with spectacular success. It caught speculators by surprise, pushed the Hang Seng Index safely over the 7,000 mark at the start of a long weekend when Hongkong would1,179 words
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Page 14 Advertisements
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Advertisement125 1998-08-18 14 11I*****||b^ «&> fSi* iHn^^ /V' H B^ Mfc- M W j^K^SgWf MIIMM-Iml aJ a 1 Y Ywf B 11 I 1 1 1 A I w I 1 1 I 111 Hi —m m mft. M B A M 1 1 1 wf m HK~ a L I rl A125 words
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Page 15 Advertisements
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Advertisement214 1998-08-18 15 Where to wine, dine and entertain...^ Japanese Food 86 Dessert Promotion 13 July 31 August HhoSS&SHI Because it is /A<tf good! yourself to a wide range of Japanese cuisine. Knjoy Yaki Nilcu, Sake, Sushi, Sashimi and many more plus i tantalising desserts. Buffet Lunch 8C Dinner: *23.50 (Adult) *16.50 (Child)214 words
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Advertisement58 1998-08-18 15 I I ImL THAI RESTAURANT Enjoy and savor the perfect combination of our innovative H Thai specialties and friendly W hospitality. Jy Now also at The Heeren. i MBBMBMHBIbh^^ ——,inr« l—\ I Advertise in Wine, Dine Entertain of The Business Times and reach out t0 rea<^ers Ng Raymond Seah 74058 words
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Advertisement50 1998-08-18 15 BRUNCH I >52.00— PER APULT I WITH FREE-FLOW OF CHARLES HEIDSIECkT I CHAMPAGNE. RED WHITE WINE, draught tiger peer and FRESH FROl T JUICES >29.50*** PER CHILD WITH FREE-FLOW OF SOFT DRINKS I PAOLO -ff^PING'S PASSIONATELY ITAUAN TASTIFUUV CHINESE royal crowne plaza Singapore 25 SCOTTS ROAD, SINGAPORE *****0 731-7^35 I50 words
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Advertisement71 1998-08-18 15 lidl't 1»i ItlM? I ftlj It ill Cats' Mews/ M Cifi' lm i« S«i4if ClutifM Ikii miktri. J TOY I CATS. Eni«n our Dlnner ,>$ JL a t affordable PriceslTg With "Wine Roses from the Philippines! Eg Happy Hours. E« spm to 10pm m One For One kg Beer Per71 words
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Advertisement51 1998-08-18 15 jfj n > nn* J TW mtAutAw r Delight in a meal for four j and enjoy 125% savings j ion your next meal for twoj Call 831-6271/88 for your reservations, j j Afafukzrin Suu^a/rorr 32: +0* 333 Orchatd Road, Singapore *****7 Tel: 737 4411 I Your Passport to a51 words
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Page 15 Miscellaneous
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Miscellaneous781 1998-08-18 15 TVvRADIO r, i, mi in 11 n mmm tility Scandal. 5.35 Snow White. 4.00 News 5 Today Followed 2.00 PM Response TV. By Afternoon At The PllJttt 12 ij*. > 2JO TV Innovations. Movies (Con't). 900 AMCDIS 4.00 Kidz Blitz: Walter Mel- 4JO Morph Files. 10 JJ close on 5.00781 words
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Miscellaneous208 1998-08-18 15 CRYPTIC CROSSWORD dying, perhaps, and sur 15 Mount framing an artist in his 17 Some overseas lines (5) vJ-—Lh|^H— 18 TTiey may be eaten slowly or with one rum (3-3) flflf lH jH 21 Draughts, we hear, in Tony's 23""^ place in the country (8) 23 Nasty comedown for highway208 words
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EXECUTIVE LIFESTYLE
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Article, Illustration664 1998-08-18 16 Alan Gerry's project could become a centre for American music, saystuupmiux Bloomberg THIS is not your father's Woodstock. There's a tie-dye factory, an ATM and everyone takes American Express. Billionaire Alan Gerry, the 181 st richest US citizen according to Forbes, wears aBloomberg - 664 words
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608 1998-08-18 16 Al Barkow - GOLF Hitting far may be the mantra in the US but in majors, super long hitters have a low ratio of wins By. Al Barkow NYT [NEW YORK] When legendary British golf champion Harry Vardon made an exhibition swing through the United StatesNYT - 608 words
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Page 16 Advertisements
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Advertisement410 1998-08-18 16 /C\ ft njUTAT LEE BANK LIMITED (Incorporated in the Republic of Singapore) To: All Shareholders The Board of Directors wishes to announce the following:THE BANK THE GROUP 1998 1997 lncr/(Decr) 1998 1997 lncr/(Decr) SS'OOOs SS'OOOs SS'OOOs SS'OOOs 1. UNAUDITED RESULTS FOR THE PERIOD ENDED 30 JUNE (a) Interest Income 278.171410 words
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Advertisement476 1998-08-18 16 IU J•! i Marine Industries Keppel Marine Industries Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1998 The Directors of Keppel Marine Industries Limited advise the following unaudited results of the Company and the Group for the half year ended476 words
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COMPANIES & MARKETS
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Article, Illustration505 1998-08-18 17 Ang Wan May - H&i Son Hap, Hotel Plaza most exposed: over half of earnings from Down Under By, Ang Wan May [SINGAPORE] After five good years, profits for Singapore hotel owners in Australia are tipped to fall over the next one to two years on505 words
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Article, Illustration267 1998-08-18 17 Teh Hooi Ling - By' Teh Hooi Ling [SINGAPORE] Two Keppel Corp listed units yesterday reported a rise in interim earnings while a third posted a sharp drop in profit. Net earnings for the six months ended June 30 for Keppel Telecommunications Transportation were up 28.1 perSource: Bloomberg - 267 words
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311 1998-08-18 17 AFX-Asia, Bloomberg [SINGAPORE] Keppel Corp is expected this week to report a 20-30 per cent fall in first-half net profit due to lower contributions from core property and banking units. Analysts said stronger results from Keppel Corp's shipyards and improved earnings from telecommunications associateAFX-Asia,; Bloomberg - 311 words
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702 1998-08-18 17 Conrad Raj - Is there really a need for banks to keep separate finance arms HOCK LOCK SIEW Conrad Raj DBS Bank, following its acquisition of the Post Office Savings Bank, will have the largest network of any commercial bank in Singapore, with a branch or an automated teller machine in almost every702 words
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Article296 1998-08-18 17 Siow Li Sen - By I Siow Li Sen (SINGAPORE] Spooked by the de facto rouble devaluation, investors bailing out of the stock market yesterday dumped DBS Bank shares, sending the Foreign tranche to a seven-year low. The DBS Foreign share price sank to a low of $6.85, or296 words
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331 1998-08-18 17 Diana Oon - By\ Diana Oon [SINGAPORE] Geneva-based Capital International Perspective SA (Cipsa) has decided to remove seven mainboard stocks and add two to the Morgan Stanley Capital International Singapore Free Index (SiMSCI). Making their exit are Chuan Hup Holdings, the JJai Sun331 words
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SINGAPORE & MALAYSIAN COMPANIES
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Article, Illustration423 1998-08-18 18 Ruth Wong - But proposals most not affect investor protection or disclosure standards /•Yorn Ruth Wong in Kuala Lumpur IN view of Malaysia's economic difficulties, the Securities Commission (SC) is willing to consider fund-raising proposals even if they go against its guidelines, SC chairman423 words
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339 1998-08-18 18 Christopher Tan - It needs to remain credible, says exchange in response to M'sian criticism By i Christopher Tan [SINGAPORE] The Singapore International Monetary Exchange yesterday said its decision to launch regional stock index contracts was made purely from a business perspective. "These339 words
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233 1998-08-18 18 [SINGAPORE] Thakral Corporation, which sees the Chinese market as a main engine of growth, has implemented a US$llO million (Ssl92 million) plan to hedge its long-term renminbi exposure. Deputy CEO Elie Baroudi said the move was part of its philosophy of managing all the233 words
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COMPANY Briefs
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73 1998-08-18 18 [SINGAPORE] Sembawang Corporation and Singapore Technologies Industrial Corporation chairman Wong Kok Siew has assumed chairmanship of both companies' logistics subsidiaries with effect from Aug 15. This is in preparation for the merger of SembCorp and STIC, under which the two logistics companies will become part73 words
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39 1998-08-18 18 [SINGAPORE] Teledata has signed a distribution partnership with Packeteer Inc, a leading US supplier of Internet Protocol bandwidth management devices. Teledata will distribute and market the PacketShaper family of products in the Asean region.39 words
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Article94 1998-08-18 18 [SINGAPORE] Khong Guan Flour Milling's 1952,000 net loss for the year ended April 1998 was due to a second-half loss erfs4.s4 million. The company said yesterday that the poor results in the second half were largely due to provisions $1.35 million for a fall in value94 words
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Article68 1998-08-18 18 Bernama [KUALA LUMPUR] {Consortium Perkapaian has received the Securities Commission's nod for the proposed disposal of its shipping business and assets to Malaysia International Shipping Corporation (MISC) for US$22O million (Ss3B7 million). The sale involves the paid-up capital of PNSL Ltd and a 51 per centBernama - 68 words
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199 1998-08-18 18 [SINGAPORE] DBS Bank aims to woo at least 5,000 bigsaving customers to join DBS One its new priority banking service within three months of its launch yesterday. In DBS One, the bank has "not only packaged face-to-face service, but also 24-hour services", said199 words
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COMPANIES
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270 1998-08-18 19 Christopher Tan - It is to give details of Japan parent's application for judicial management Byi Christopher Tan [SINGAPORE] Trading of Showpla Asia shares was suspended on the Singapore and Osaka stock exchanges yesterday pending an announcement. Showpla Asia said in a statement yesterday that270 words
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239 1998-08-18 19 [SINGAPORE] Food group QAF yesterday posted flat interim results, with net earnings of $5.32 million on turnover of $189 million for the half year ended June 3a This works out to earnings per share of 1.7 cents, unchanged from the previous first239 words
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153 1998-08-18 19 Bernama [KUALA LUMPUR] Landmarks Bhd has posted a group pre-tax loss of 9 million Malaysian ringgit (553.7 million) for the six months ended June 30, compared with a pretax profit of RMIB.I million in the year-earlier period. Group turnover fell 14 per cent toBernama - 153 words
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INTERNATIONAL COMPANIES
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344 1998-08-18 20 Tear's profit may exceed 100 m crowns, says SingTel's Norwegian unit Reuters [OSLO] Norwegian telecoms firm Net Com ASA said yesterday that it swung into profit in the first half thanks to high sales and predicted that full year profitReuters - 344 words
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116 1998-08-18 20 [SCOTTS VALLEY, California] Alan Shugart, former chief executive of Seagate Technology, is joining Sierra Imaging Inc. a company specialising in digital imaging. His appointment to its board of directors was made last Monday. Sierra Imaging supplies specialised chips and firmware to digital camera makers.116 words
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FINANCE & COMMODITIES
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428 1998-08-18 22 Russell Baker - Hrm will become Australia's No 2 life insurer, No 4 fond management group From. Russell Baker in Sydney THE rationalisation of Australia's financial services sector continued yesterday with Colonial acquiring the Australian and New Zealand operations of UK-based Prudential Corp for A428 words
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304 1998-08-18 22 Soh Tiang Keng - By\ Soh Tiang Keng [SINGAPORE] The general insurance bodies of Singapore and Malaysia have agreed to carry out a procedure to guide motorists from both sides of the Causeway in making cross-border third party property damage insurance claims. This procedure, agreed between the General Insurance304 words
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Article197 1998-08-18 22 SI M FiX Report Reuters (SINGAPORE) Simex Japanese government bond (JGB) futures ended firmer yesterday while Euroyen futures were easier as the market remained cautious following news of an overhaul of Russia's foreign exchange and debt policies. Traders said worries that Russia's move might triggerReuters - 197 words
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Article163 1998-08-18 22 Charlie Kuo - MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures continue its downward tendency as Nikkei 225 fell below 15,000 points yesterday morning, sharpening concerns that Japan is unlikely to lead the rest of Asia to recovery at163 words
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308 1998-08-18 22 ENERGY REPORT Reuters [LONDON) Oil prices trudged lower yesterday, unable to shake off the grip of fundamental oversupply. Brent was trading down 17 US cents at U5512.27 a barrel by 1522 GMT, less than a dollar above last week's 10-year price low. PricesReuters - 308 words
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Article276 1998-08-18 22 AFP London THE mark continued to gather strength against the US dollar as the market reassessed the impact of Russia's earlier devaluation of its currency, dealers said. Russia's central bank said yesterday that it will relax restrictions on the currency, allowing the rouble to trade between 6 andAFP - 276 words
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Article, Illustration807 1998-08-18 22 INTERBANK CROSS RATES Aug 17 rr: A$ ECU ft Dm HK$ M »s BupUh Ytn Won RM M2$ Pit Rs Ptso S$ Band Sfr WT$ Mrt Pound US$ II IlllUIilSill iiiiiiisiasii "SS IS ass till gJSSS 2 ;!2 tSSSI'JIS o.«i l "l UK. fltfurp* an. baaed on mid prices of807 words
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Article1856 1998-08-18 23 SICOM FUTURES Aug 17 RUBBER (futures ctosmq ts at 5.30pm) RSS t CONTRACTS cMtsAf) CtOM VoiuiM Open Month Hjqh Low Stt (tonnes) Interest Sep 98 108.50 £0 Oct 98 HO.00 108.75 109.50 250 M50 Nov 98 110.50 M50 Dec 98 1J125 W50 Jan/Mar 99 113.75 2025 Apr/Jun 991,856 words
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Article2267 1998-08-18 23 LONDON industrials Aaf 17 PiMI 31 Group 520.000 -12.000 AB Ports 317.000 4.000 A bbey National 1068.4)0 8.410 Allied Oomecg 548.000 -5.000 Amec 151.400 -1.600 Asda Group 183.400 -3.600 BAT Ind 651.000 18.600 BG PIC 359.600 19.600 BICC 110.000 0.800 BOC Group 819.000 -6.000 BR Petroleum 852.0002,267 words
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Article1628 1998-08-18 23 Bloomberg □Nikkei 225 -328.27 JAPAN'S benchmark stock index fell to a twomonth low, dropping for the 10th time in 11 sessions on worries that Asia's weakened economies will stunt global growth. Exporters such as Sony Corp led declines after US stocks ended trading last week at their lowest sinceBloomberg - 1,628 words
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Article360 1998-08-18 24 AFP QWPMg 4HM TAIWAN share prices closed 1.3 per cent lower yesterday with institutional investors selling before the release of first-half corporate results, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 97.99 points to 7,273.85, following a 0.3 per cent rise in the previous session. "Domestic institutionalAFP - 360 words
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Article184 1998-08-18 24 Reuters QawAiA -3L23 SHENZHEN'S index of A shares for domestic investors closed down 8.32 per cent yesterday amid fears that flooding at China's largest oilfield would inflict heavy economic losses, brokers said. The A Share Index lost 31.23 points to 344.29. Turnover was 3.2 billion yuan compared with 3.1Reuters - 184 words
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Article, Illustration741 1998-08-18 24 AFP QSETlafcx -&38 THAI shares dived 3.4 per cent at the close yesterday as investors fled amid concerns over Russia's de facto devaluation of the rouble and the pace of the regional economic recovery, analysts said. "Russia's devaluation will take at least 2 per cent off most developing markets,"AFP - 741 words
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Article286 1998-08-18 24 AFP QManila jj PHILIPPINE share prices closed 0.2 per cent lower yesterday as investors took profits on last Friday's 2.7 per cent advance. The Philippine Stock Exchange Index lost 2.21 points to 1,335.71. Turnover fell to 223.7 million shares worth 621.4 million pesos compared to 238 million shares worthAFP - 286 words
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Article388 1998-08-18 24 AFP QOwyoßtihig -2JI SOUTH Korean shares inched down nearly one per cent yesterday on lingering concerns over steep regional market falls and dismal interim corporate results, dealers said. But the index managed to stay above the psychological 300-point mark despite an array of regional worries which have kept foreignAFP - 388 words
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Article579 1998-08-18 24 AFP Qm primaries -312 AUSTRALIAN share prices slid 1.3 per cent yesterday, dragged down by the tumbling Tokyo bourse. The All Ordinaries Index fell 32.2 points to 2,536.8. The All Industrials Index slipped 52.5 points to 4,496.3 while the All Resources index eased 16.5 points to 948.9. National turnoverAFP - 579 words
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Article246 1998-08-18 24 AFP QWeOmgton -3JO NEW Zealand stocks fell 0.2 per cent yesterday on light turnover of NZ555.6 million, reversing intra-day gains. The NZSE-40 Index lost 3.60 points to 1,937.97 points with a four-cent rise in Brierley Investments Ltd to 87 NZ cents on speculation it was about to sell itsAFP - 246 words
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KUALA LUMPUR STOCK MARKET
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Article8114 1998-08-18 25 1998 Last Vol Dav Mat Cm H M> Company Salt 000 High Lb« P/E $mN 300 80 l»CP Resources 84 3 10 84 80 33 5 I 400 70 UH Dove Hlg 71 -9 2 71 71 12 8 I 280 83 Ulbon 99 5 14 4 109 83 4.08,114 words
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Article, Illustration398 1998-08-18 25 AFP Q Composite Index -11.74 MALAYSIA'S key stock index slumped 3.6 per cent yesterday as the defacto devaluation of the Russian rouble added to domestic and regional economic miseries. "The bourse fell sharply after news that the Russian central bank announced a de facto devaluationAFP - 398 words
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WARRANTS & OPTIONS
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181 1998-08-18 26 R Sivanithy - WARRANT WATCH By R Sivanithy FROM being one of the deepest in-the-money warrants in the local market, the Parkway Holdings warrant yesterday slipped out-of-the-money. And time is running out as the warrant expires in less than two months. The warrant has an exercise181 words
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Article3237 1998-08-18 26 BONDS, LOANS ft WARRANTS wt 1998 La*t Vol Day Loot Quott Avg MtQh Low Stno Company Sal* »«r- <000) High Low Buyer SoMor Price 23.5 a m 3000 m AMDBcS.5%*****6 ...ZHZZ. 8.5 ---7920.5 3 3)60 A Acer ******1 USS 4 3 4.5 95 6 3164 Acma ******4 6 -1 283,237 words
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Article2325 1998-08-18 26 Transaction date Aug 17 MALAYSIA* STOCKS "»"*v- asm sj A mw.-'L, y x .7 izr T3S 28 m s 5000 AIS8 50c 29.5 unch 19 29.5 29 28.5 29.5 5.0 3 J 3.5 12 5 30 3 65.5 tO mi 5001 AM08 50c 10.5 unch 150 10.5 K>2,325 words
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5279 1998-08-18 27 Transaction date: Aiu; 17 Or Or M Kt l«M Laat Val Day LattOuata W» 0* V* Nat Cap Avg w» l— turn cmmm fan rooot hn» u» cw $<J wm 43 as KMO ACC Dynamle»20c....12 wtch 130 12 12 12 12.3 0.1 16.5 035,279 words
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Article1107 1998-08-18 27 is c&, —"u. jygg. «s 5 JB 04 SO 2000 AMM«t9e T» 10 T9 70 31 TU 7 2 2? *2049 AS Auto 10c 44.5 unctl «0 45 44 44 44.5 1X0N 7JO 1.4 4J 503 4« •2 48.5 2051 ASJHMqs20c 57 M U U U M MR J®1,107 words
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Page 17 Advertisements
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Advertisement112 1998-08-18 17 9HHHI A company's strength lies in the Backbone of its staff. mm IF So make sure you only take a is not just comfortable. It is in seat where you can be sure of fact the ideal office chair for perfect support at all times, no healthy posture! matter what112 words
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Page 18 Advertisements
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Advertisement89 1998-08-18 18 yr B^l Bp CXerseasi Rom of centuries erf' t(Tweittfcg any l£ in solid gold. Water-resistant to 150 m (about 500 ft). Scrcw-locked crown and case back. Folding bracelet clasp with double safety catch. Overseas. The world is yours. VACHERON CONSTANTIN I HE WORLDS S OLDEST WATCH MANUFACTURER Geneva, since 175589 words
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Advertisement73 1998-08-18 18 First Class Delivery. Daily. -V":- Vj~-:?j Ericsson GF 768 I $468 30% off for 12 months with Ml GSM subscription. Free connection and free 6 months subscription to Caller Number Djsplay. p Jn v PmALfgjSßßteg K.lBOO-899 6333.^iB£BMMllMiiiBaMB Customers have to subscribe for a minimum of 12 months of pay a73 words
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Page 19 Advertisements
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Advertisement150 1998-08-18 19 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong •Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For150 words
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Advertisement973 1998-08-18 19 ••I TH MATTER Of e TIH COMPANIES ACT, CAP SI If ADVANCE CONSOLIDATED PTE LTD MENSEM VOLUNTARY UOMOATMN At an Extraordinary General Mating at the Company i- teamed to be haW on 1740-1991 tttatoMomngraMhiMnt »«re duly passed SPECIAL RESOLUTION e th Cornp*"* be nwund up voluntarily n ORDINARY RESOLUTION That973 words
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Advertisement27 1998-08-18 19 One Experience. One Relationship. One Bank. I HK ■s&v j /lv jiiiiiiii^^ All Your Financial Service Needs In One. §one 1 ©DBS BANK we're Closer to You27 words
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Page 20 Advertisements
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Advertisement641 1998-08-18 20 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 I BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF STEVEN WONG PLASTIC TRADING PTE LTD641 words
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Advertisement317 1998-08-18 20 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Petition > No. 25 of 1998 In the Matter or the Companies Act Section 2278 (Chapter 54) And In the Matter of EMPORIUM LIFESTYLE PTE LTD formerlv known as CRAWLEY TRADING PTE LTD (RC No. I*****000D) NOTICE OF JUDICIAL MANAGEMENT317 words
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Advertisement1079 1998-08-18 20 This Green Lane Is So Fast You'll Be In Our Lobby Within Minutes. IBM- I *> kM*' ~a I 1 p 4 -rjjftu t -J A-s IB "Jj ijfji* fjr J f a kj A ,-jggMgM iy| 1 1 -if fjfr i<| I ffi, i. jr'% 9 Only at the1,079 words
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Advertisement13 1998-08-18 20 Gducatumj &KUMnq The Straits Times Classifications m r_,tiaarmil I I s \caj&\ I13 words
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Advertisement594 1998-08-18 20 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. aV,* Call C.A.T.S. at <*/ 1800-737-1166. I C A T S 'l Another Classified Service IN THK MATTER OK THE COMPANIES ACT. CAP. SO HAI JIM; SINGAPORE PTE LTD <ln Members'594 words
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Advertisement619 1998-08-18 20 IN THE MATTER OE THE COMPANIES ACT.CAP. 50 SUSIBA PTE LTD iln Members' Voluntary Liquidation i At an extraordinary general meeting of the Company held at Blk. 203 Henderson Road. Wing B #*****. Henderson Industrial Park. Singapore 1 ***** on 1 2 Aug 1998 the following special and ordinary resolutions619 words
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Page 21 Advertisements
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Advertisement93 1998-08-18 21 llfl-1911 One Bank Meets All Your Financial Service Needs With Just One Relationship. i one is an exclusive priority banking service tailored to Furthermore, you'll be instantly recognised by your exclusive WtKneVer yOU to DBS One card, which gives you all the priority services and personalised UR PHONE BANKING SERVICE.93 words
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Page 22 Advertisements
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Advertisement379 1998-08-18 22 lUJ.i.itji Integrated Engineering Keppel Integrated Engineering Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1998 The Directors of Keppel Integrated Engineering Limited advise the following unaudited results of the Company and of the Group for the half year ended 30 JUNE379 words
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Advertisement6 1998-08-18 22 through The Straits '^0i mes Classified.6 words
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Page 24 Advertisements
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Advertisement33 1998-08-18 24 Hongkong and Jakarta markets were closed yesterday I Such a market -for chotce jobs, I -fresh euety day I J Any Job. any Career. Available any Day. Any Time, anywhere. Singapore Press Holdings33 words
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Advertisement37 1998-08-18 24 Blffe SELL* FlNfe* Classified ads put home-seekers on solid ground. No matter what it is, you can always buy it f sell it or find it with the Classified. TOLL FREE 1800-737-1166 Call Today Far Rasalts Tomorrow.37 words
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Page 25 Advertisements
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Advertisement20 1998-08-18 25 Make The Straits Times Classified your first pit stop when L shopping for your car or motorbike. I o 920 words
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Page 26 Advertisements
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Advertisement43 1998-08-18 26 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE C IT I NEVER SLEEPS I! i.. n 1., s sin S<» t ,<1 l< <>,| s ~.„w 4 k i .mi J43 words
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Page 27 Advertisements
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Advertisement21 1998-08-18 27 #J|Bk J l ,^H Y TCW iUClnr PUIA ,0, W »<"-•*/•//•• nil 714 3139 (ASTERN CINTRIPOINT, MM«/10 ORCHARD ROAD TIL: 23S ISM21 words
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STOCK EXCHANGE OF SINGAPORE
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Article206 1998-08-18 28 St«c*s Mm 6.072.000 TAC8t10 200 5,347,000 SingTel ISc 5,177,000 U08 Foreign 4.891,000 DBS Land.... 4.260,000 Enersave 10c 4,122,000 Keppe) Land50c 3.081.000 Heslie Hldgs25c 2.687,000 Kappei Corp 2.573,000 0C8C Foreign 2,206,000 Starts DBS Foreign 46,456,733 INK Foreign *****,809 SmqTei 15c *****,134 0C8C Foreign 11,633,632 SM Foreign 11,178,960 SPH 9,405,649 City Dev206 words
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Article, Illustration629 1998-08-18 28 R Sivanithy - STOCK MAUBT OOMHRMTAKY FJHTs 15% plmifle cnta 10 points off STII; dealers say market's selloffled by UK institutional fands By R Sivanithy [SINGAPORE] Worries that Hongkong wiU collapse when trading resumes today and the spectre of a meltdown inChart info from Bridge - 629 words
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Article, Illustration67 1998-08-18 28 Shiv Taneja - -by Shiv Taneja US dollar listed Thakral Corp closed one US cent lower yesterday at US$O.36 on a volume of 1.63 million shares, compared with its 10-day traded average of 161,800 units. The counter is heavily oversold, according lo the daily and weekly RSI and Stochasfccs charts. Its67 words
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ON THE GRAPEVINE
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Article113 1998-08-18 28 IF you're hoping to be among the early birds to pick the turning point in Asian equity and property markets, you may want to consider what's happening to enrolments at one international school in Japan. Morgan Stanley's Tokyo-based chief economist for Japan, Robert Feldman, told a113 words
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Article123 1998-08-18 28 YOU'VE got to give it to the Association of Small and Medium Enterprises (ASMS) for leaving no stone unturned in seeking help in these troubled times. After strsnuous Ideas to the government for off-budget measures to help them toww costs, ASME is now tapping a123 words
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Article72 1998-08-18 28 IT helps to have the cachet oftbe DBS Bank name ,in Thailand. Thai Dann Bank. s|pp which is now 503 per cent owned by Singapore's biggest bank, used to have to pay depositors interest which were two percentage points more than what Bangkok Bank, the72 words
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Article114 1998-08-18 28 HAVING job-hunttng blue® in theas tough times? Try buffing your show, donning your best suit, and giving your hair some grooming. You may walk off with a $2,000j0b with a "company 1n the hospitality industry" at Ngee Ann City or Raffles Place. That's more money than what114 words
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Page 28 Advertisements
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Advertisement204 1998-08-18 28 Ni'l fH luw? I rtrilTii Cats' Mews/ totli fafi* $m It firiiy WtiiifM till vnkHi. J > «p— That's up to 70%"**, to be precise. Only with the new UOB VISA Purchasing Card. An estimated SAVE THIS MUCH ON YOUR 90%. of corporate purchases are for small COMPANY'S PURCHASING COSTS.204 words
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SHIPPING TIMES
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Article303 1998-08-18 29 Bridge News, Reuters THERE was talk of a cargo on the US Gulf to Japan run being covered at U5512.60 for late September-early October shipment, but confirmation was lacking. The Panamax market continues to look very bearish for the autumn months. TANKER* Clean Caribbean tanker rates strengthened rapidlyBridge News,; Reuters - 303 words
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Article271 1998-08-18 29 •Mmm- mm a m CWT (Attribution 0.29 -0.04 32 CNnoM* 0.375 ♦0.01 Cetco Invastmant 0.4*9 *0.005 10 rrMMUMn 0.12 -0.02 154 GBtfeMngs 0.205 unch 14 0.41 -0.02 M Hitachi 2osan 031 -0.005 J3 IMC HoMlngs —HK 5.60 Jaya Holdings 0.38 -0.005 20 Jwww Shipyard ..._7.30 -0.35 27 KappalCarp271 words
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Article, Illustration509 1998-08-18 29 Felix Chan - Slowdown in newbuilding orders expected by torn of the century By Felix Chan [SINGAPORE] Excessive capacity borne out of active expansion by Japanese and South Korean shipyards in the last decade may backfire in the face of an expected slowdown in world shipbuildingFILE PHOTO - 509 words
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162 1998-08-18 29 [SINGAPORE] A joint venture between Japan's Hitachi Zosen Corp and an affiliate of China State Shipbuilding Corp will begin full-scale production of diesel ship engine parts this month. The 50-50 joint venture was established in June with a capital of 11.35 million yuan (552.37162 words
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358 1998-08-18 29 David Taylor - Shipping line's first loss since 1993 dne to three major events Froi David Taylor in Hongkong ORIENT Overseas (International) Ltd (OOIL) announced a US$l4.6 million (5524.8 million) loss after taxation for the six months to June 30, 1998. Last year's corresponding358 words
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PORT Shots
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98 1998-08-18 29 AFX-Asia [BOMBAY] The Indian government is to register 11 major ports as corporations to improve their financial leveraging capacity and give them more autonomy, the Business Standard reported, quoting government sources. Currently, ports function as trusts and require decisions to be approved by theAFX-Asia - 98 words
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107 1998-08-18 29 [SINGAPORE] Johor's second port in Tanjung Pelapas, near Gelang Patah, is expected to handle 1.2 miiii/m TEUs when its two wharves are ready by the end of next year. Four more wharves are expected to be completed by year 2000 to handle and107 words
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Article62 1998-08-18 29 [SYDNEY] Hie cruise industry continues to be a major focus of Sydney Port activities, with 83 vessels booked to visit during the 1996/99 cruise season, up from 57 vessels in 1997/98. "With the impetus of the Olympics in 2000, the future for cruising is looking very62 words
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Article, Illustration1161 1998-08-18 30 RAIL TRANSPORT Transrapid's makers are hoping to finally get the superspeed train off the test track and on to the profit fast track Reuters [LATHEN, Germany] THE world's fastest train flashes by on a test track above the north German plains like a bolt ofReuters; FILE PHOTO - 1,161 words
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Article232 1998-08-18 30 PAOt Dtnvtron 4 ACL 9 < ANL 3 DJafcUoyd 9 Accord a Dongnama 3 Apptfijhlp 5 KL 5 i Astro 3 E*trgraan 6 Austral 9 FoongSun 8 8SA 7 C Link 4 Bayiwatff 6 Gamartrans 8 B'tangMas 8 Ganshpg 9 CCNI 7 Hal Sun Hup 8 CMA232 words
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Article23028 1998-08-18 38 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest-n Name Mam, Number Number SIN Destn Name Name Number Number 25/08 19/09 Trfrstino EVER GRACE 0227-071W 6S-*****35 A 27/06 K/09 COSCO LUOBAHE 0005V* 65-*****00 .Bin IAU/ A# mnni 29/00 19/09 villedesagitta 2«w23,028 words
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SHIPS IN PORT
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Article557 1998-08-18 43 Voy No Bfth Arrtvl CUptrti J»m P*rt J**r« 27* J03 <***** km 17 06/200 >MM* |m JK Hongim W.06/060 R Mrl« *****4 J01 llonpMt t« 04/200 n TWt« Lin AUC1S J01 HongtMt 17.04/235' CMMK EM I J14 tlonQiM* 23.04/230 OM U4 02/94 J07 ttongiM* 14.04/120C 0o*v4«4 0p4i 135557 words
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Article1284 1998-08-18 43 RECEIVIWO OF EXPORT FCt CONTAINERS AMD LCL CARGO Booklnq/BtlMC* Ititli jjjjp voy No Ett/ltr Nrtod Prow To frow *.u* om wmo u nmc nrm ,t/hoo IT/BOO IT/MM 17/WOO ,n,N /040c 5 :r«c -w« ,:t£ '"00 '4/5431 wow 7S. !1 */0W 3 4 .'X 4,140c 4 WUOC HAW WTTM1,284 words
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Article184 1998-08-18 43 Aug IS. Hong Kong: Victory Day. Aa|H. Luxembourg: Luxembourg City Kermeaae. Malaysia: National Day. United Kingdom: Summer Bank Holiday. lap 7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. Unittd Statu: Labour Day. ■a* IB Japan Respect of the Aged Day. Mtxlco: Independence Day. Japan: Autumnal Equinox184 words
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Article445 1998-08-18 43 TTfIS report, oonpltod b* Cockatt Marina Oil Ltd. ttewa W* renin In US dolim intttad of nn*. flwmarkal m OOlB r,h n lv d*erlp»loo at Prlcaa ahown are baaad on innit-iiml atam Mark#t movamant* are Indlcattd Tht Cocktti Bunktr Prlea Indax chanc* and the individual chaagaa445 words
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Article305 1998-08-18 43 4_.. »o mu 992.0 oj 19.9 0.10 n 0.07 **< U N»«w Art /Uwltw Uttwmt No atom EM 3 0 0. 0 0 HM/M MO Aw 917.0 OJ «J 0.M 29 0.04 u/ifi ..a, J?r 3 M «J o.» »j o.n m cut w* 1 »«/M305 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration460 1998-08-18 44 Net loss balloons to 4.3 billion baht dne to accounting changes and foreign exchange losses AFP [BANGKOK] Thai Airways International pic (THAI) said yesterday that its net loss ballooned to 4.3 billion baht (*****.3 million) in the three months to JuneAFP; FILE PHOTO - 460 words
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Article, Illustration50 1998-08-18 44 [TOKYO] A dealer checks one of the latest models of the US made Har ley-Davidson motorcycle displayed at its showroom in Tokyo yesterday. Sales of car and motorcycle imports in Japan fell, depressed by a weak yen and a sluggish domestic economy, an importers group said. REUTERSREUTERS - 50 words
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253 1998-08-18 44 AFP [SEOUL] South Korea's biting recession has forced the country's air carriers to slash domestic routes as the number of internal passengers dwindles, reports said yesterday. Korean Air and Asiana Airlines have both closed unprofitable domestic routes as the air travellers are hitAFP - 253 words
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178 1998-08-18 44 Bloomberg [CANBERRA] Boeing Co and Raytheon Co will modernise the Australian defence force's fleet of 71F/A-18 Hornet fighter aircraft. "The upgrade is essential to ensure the F/A-18 maintains the capability for air superiority," said Defence Minister lan McLachlan in a statement. The planesBloomberg - 178 words
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Article, Illustration209 1998-08-18 44 Reuters (LONDON] Rolls-Royce, the world's third-biggest jet-en-gine maker, said it won an order worth $390 million from AMR Corp's American Airlines for engines to power 15 Boeing 777 aircraft. Fort Worth, Texas-based American exercised options to buy the aircraft on Friday. The carrier agreedReuters; FILE PHOTO - 209 words
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Article80 1998-08-18 44 Reuters [BEIJING] China plans to build a railway between the remote western region of Tibet and the south-western province of Yunnan, the Digest Weekly said. The Ministry of Railways had approved a feasibility study on the 1,654-km railroad from Dali city in Yunnan to Tibet's capital cityReuters - 80 words
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166 1998-08-18 44 AFP [LONDON] British Airways is to blow the whistle on turbulent passengers by issuing "yellow cards" to tipsy trou-ble-makers, the company said. The new punishment system two yellow cards could lead to an arrest will be introduced on all international flightsAFP - 166 words
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Article1610 1998-08-18 44 RiWff ET> FII6HT ETO LH778 1610 S026 2350 AMM 8A7381 1930 8A7382 2055 H4578 1610 LH779 2359 Oftl 1930 Of 82 2055 S***** 1610 M***** 2359 S0229 2220 0TD6 1X5 *****6 2359 AartfftfM N***** 0755 KLS44 0040 M»ltl $0909 17» $0990 0W5 $0327 0755 KL838 23001,610 words
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Page 29 Advertisements
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Advertisement24 1998-08-18 29 Germany's snpertrain ride into the future Transrapid's makers are hoping to finally get the supers peed train onto the profit fast track. Page 224 words
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Advertisement372 1998-08-18 29 People Roger Piazza has been named president and chief executive of IV! Emery Worldwide. Mr Piazza, 59, was Emery 1 s vice president for North America, and succeeds Chutta Ratnathicam, the compapresident since July. Ratnathicam is returning to Emery's parent company CNF Transportation his former as senior vice president and372 words
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Advertisement201 1998-08-18 29 Thai Airways dives farther into red in 2nd qtr Net loss balloons to 4.3 billion baht due to accounting changes and foreign exchange losses. Back Page p': V- v r i'vL. y 5" r f •/*W|^ x^*'^WMK^B3^ I z* *^^/'ij^w» I ||0| *> j v< >-v 1 Frlf^ %f ..alvM201 words
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Page 30 Advertisements
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Advertisement561 1998-08-18 30 IT ooocsas SKS 53 ss iL JSL Ji! ooaMMMM mm it£ 2/2 nomwniwua m nm nm um nm um um run nm OMMU 252 22 S2 HOIWUBMUI M/» H/M 11/ M UM M/K ISSSBt L3SBI 1 m 1 m 1 ««"no nm nm nm nm nm nm nm nm HO561 words
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Advertisement92 1998-08-18 30 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORT> Hong Kong ft AM CMna Pwtl (IV HIV TtWH ft tlffl YftlH) VESSiL voy tTD sin eta no eta hoi eta m ha wco eta osa92 words
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Advertisement447 1998-08-18 30 Lines services represented a Members o| the Registry of S^apori^^aers \jJBBWjJ Accredited Shipping Agents CjAAJ Association Singapore Shipping Association CX)NTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE ETA PKL ETA SIX ETA MALE Princess Lfly V 0398 iao6 17/08 2M» Princess Lfly V 0496 07AM 09W6 1509 LHY MAKEVE SERVICES447 words
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Advertisement994 1998-08-18 31 SAX SERVICE (PWECT) wsa vor mm m lom m hou oi an um nk~ om 26/00 10/09 u/w u/w is/w 14/09 is/w »/w u/w it/o» 0051 02/09 17/89 21/09 21/09 22/09 ~21/09 22/09 22>00 liw 2370T~ gIGAOMT 00S 09/09 24/09 20/09 21/09 29/09 2«/09 29/09 29/09 30/09 30/09 M9ML OOSE994 words
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Advertisement1484 1998-08-18 31 HANJIN SHIPPING hmum SMPfaie is) pit in i*/Aw> mm numni uftanK-m kkuhhi Mtniv* Mhmhi tsj m»um mm fu ijwno aMHiswMMN ITO NW USA CANADA] OJjP fMMA* 1 r" I mmi/m r»| I I I I I I. I mI m I m ,|Z!™ J" 'W» M/» |>/W H/w ii/» nm1,484 words
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Advertisement323 1998-08-18 31 HI LIT COMT A I N Btltß^pTpiCATT^lTKVlcT^^^l ttssa msiro wr m jw_ jb_ j«_ _ro_ ksa MKWSAII HQS QJ/m 14/W 11/ M 11/ M If/N f JoA I I iIUATC tMAAW 1 ii?l luffll ftffi I MOWMM lIS W/M 11/ M 111 IZ/N 14/W IVM M/M 71/ M |SD I323 words
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Advertisement1118 1998-08-18 32 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITEItftANEANrfCANADA vqy If» leh 1 wtm mw ham |irv Iflx 1 vessel vot aw jhi on «b foi |vic |mt* tmkseibb wasrlriM nn izm km um mm Palermo senator wmn mh tin mm mm mm mm mm HAMJM MALTA MM IMM MM 17 M1,118 words
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Advertisement873 1998-08-18 32 llvl Ml I Hftß k W AA Qa3 siy z**™ iSLSIS i BBBSS, SaggS XIMGANG H PENANG MV "KOTA HADIAH" V.HIAI6S Mv ArY MAMir w ETA SIN: 22/08/98 SWAN V.3408 ETA SIN: 20/08/98 HAIPHONG CANADA MV "MEUNH" V.E3198 MV "HANJIN HONGKONG" V.073E ETA SIN: 22/08/98 ETA SIN: 23/08/98 HONGKONG HAM/RTM/FXT873 words
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Advertisement419 1998-08-18 32 1 |»IJESSELTON LINE Br jS nkniMMNaiuimt r 1 MUARA 1 LABUAN 1 VBSa VOT ITD IU VKSH VOT ITD ftt SPOM MUARA SPOM IM An&GUXT V2II/W 22/00 25/00 *«*GWtT V2II/N 22/00 20/00 inOSTB Y2II/00 25/00 21/00 X «OW V2II/W 25/00 2t/00 MWGUMtT V2S/W 31/N 13/01 VttOOIT V 221/90 31/W M/W419 words
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Advertisement1329 1998-08-18 33 IVKSSCL VOY SIN PQU PKQ PEW PQB DUB I 3HJ BA I BIK IRAN TAKHTI PJL 1300 10/06 27/08 28/08 28/08 20/08 HUN TEYFOURI PJL 1302 22/08 30/08 31/08 31/08 01/00 I l__J PQB- Mini taboos, DUB Dubai, SHJ > Sharjah, BA Bandar Abbas. BIK Bandar Imam Kbomainl ACCEPTING CONTAINERSREAK-BULK1,329 words
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Advertisement1477 1998-08-18 33 u wMiliJkM wmmm 13 days I I eveky Thursday ;M 1 I ,tt, tsHßm >T TB-~«t lioo wtntraw QurvSTiAiTTSS^xwoHomg. c% hwmmm iIi2iS,SL« m/ 6s "wuo otn (D/w 4»s7is (OSIU MEMOES (M) SDN MID 42o$iso/ss t/shwitdcft *****2s til 02-07-35 u\u fax: 02-07-*****70 VKJIM fS«] 2« 2L "W I iiri m■« amu1,477 words
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Advertisement549 1998-08-18 33 EASTERN CAR UNER, Ifc 1 Eg (SINGAPORE) PTE LTD SPEOAUZE IN WO*Q 4 HEAVY UTT UPTO 122 TONS gt (SIH6APO>E) fff OP LOADING FOR LONG beach/tacoma/vancouver pt* ,^/^T EWA MV "COSMIC MASTER" V.51 ETA SW 18/06/98 ETA CAL 23/06/98 CT A y x/nQ/QQ cta iBCAru ifl/nfl/M ETA CTG 26/06/98 14/08/98549 words
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Advertisement1290 1998-08-18 34 I M-r— EUROPEAJ^CANDINAVI^INLAND^USSI^^^^^^^^^^^^^^^^^^^l I S8P ROW ANW HBG THP ZEE LHV I LHV TMP RDM ANW HBG PKL I SGP 1 I DIAM0N0 RW-0#1 25AM 11/09 11/88 13/99 14MB 15AM 17/09 IE GARLANO RE-084 2B/07 25/07 2M7 2M7 22/09 I E. DELUXE RW-0B4 30AM 1S/0S 22J09 19/09 ***** 22AM 23AM1,290 words
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Advertisement412 1998-08-18 34 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel I vot si ruj out cft i/mt mm wires v 073s mt 07/w 11/w mmouffli vow Tim w/w iyw ii/w "li^T mmrnm vooos 07/w 17/w 21/w h/w mreufma mg 15/w w/w 03/10 MOTU»BWS vows 23/W 02/10 M/ 10 11/10 ~jyjT412 words
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Page 35 Advertisements
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Advertisement388 1998-08-18 35 Mgk MYANMA wBBk FIVE STAR UNE (Myasnar National Lint) loading fac Yangon (Rangoon) vissa vor sm mi ph rai SITTWI OIW 518 PATHHN ISOW SU> MALAYSIA AGENTS: OOUSTEAD SHIPPING AGfNCKS KUL TU (03)2417)00 PKL HI (03)*****01 PIN: Til (04)2****** PGU: TEL (07) *****21/4 BANK LINE (A $hvie# Andrtw Wtir Shipping)388 words
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Advertisement1186 1998-08-18 35 HYUNDAI MERCHANT MARINE CO., LTD. Ivcm ~wT 'g'lscul ml m|iiil|H«lll«»| i«|l»psa mla Iml ml i.i i. i HYCORROOORE 314W 10/00 07/09 12 09 09/09 10/09 MWE S2ll 31/07 01/00 24/07 21/07 (8/08 "?W 1/04 "/09 12/W 00/09 04/09 WARE 54* 27/07 01/04 29/07 30/07 20/5 NOIPIAJtI 004W 24/00 09/09 10/091,186 words
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Advertisement1024 1998-08-18 35 nor*agion ipeaakzed <x*xarrmn Gto)§(o]@ Wilhelmsen Lines 10 NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE' VISSR VQY g HEIGHT g LAI OH MIA SAV Ml Off NYC NEW HOI twiou Flit 400 Tw 6.3 m mport TW W *****" 2170T WoT 2t7©T H76T WTo" Wio~ »MPA FII7 400 has 6.3 M1,024 words
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Page 36 Advertisements
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Advertisement1736 1998-08-18 36 m BINTANG MAS SHIPPING PTE. LTD. iM 38 NEIL ROAD, SINGAPORE 0206 M TEL: *****08 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Cargo rt PTI I I IfltlHu I 1 Muari vma VSI sw uy mSfl vei a SUA I Stria V9814E 2122/00 75/01 MM. V ***** 20-21/00 26/081,736 words
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Advertisement38 1998-08-18 36 I LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR WO: **********0/H Air-Sea International Freight Forwarder! MANILA I Alto accepting Heavy Lift A Profect Cargo Tel: 65-276 7996 Fax: 65-276 *****38 words
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Page 37 Advertisements
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Advertisement397 1998-08-18 37 INDONESIA NATIONAL LINE TO EUROPE 1 EXPWEBS SEMI-COKnUWERtaED SERVtCC m VOY H'IUHO IREMiM ANTWERP VEMEL H/1C 25/10 OMIT 05/11 TO AUSTRALIA wjll container siwvk* m w ITTBI m m ITO m. hm ul m MHWouwanwHw m tmtm BWWIIm WLMMV «S 27W2M* OMI 11W IMB 17W SM m.am*LD ms nwout 15S397 words
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Advertisement919 1998-08-18 37 ADVANCE CONTAINER LINES (PTE) LTD A f* I 140 Cecil Street, #12-00, PIL BuMding, Singapore *****0 M Lf Li TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL —CR NO. **********0E OPERATIONS: *****6 CV *****06 J IAMOKOK JAKAKTA (WMkly 5 SIRS PAT/2 Sift LCH/1 »H HtT) t«lH»et/W—*l VESSEL I VOY I919 words
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Advertisement784 1998-08-18 37 V€SStLS VPY I JED I MLA LBH MAM THP RTM ZEE \ALLE DE TAURUS A27W 18/08 28/08 31AM 06/08 07/06 gg 10/06 10/08 \fILLE D*AQUARIUS UZ7W 2VDB 02/08 07/06 13AM 15/06 16/06 17/09 18/06 VKJ-E DC AWTARES L27W 01/06 QM> 14/06 2V06 22/06 23/06 2&06 24/06 |VB-LEDEVWQO 827W 17/06 21/06784 words
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Advertisement50 1998-08-18 39 VaTil STflC*k Dial 740-6000 on demand —(Retrieve more schedules!) s£} Press "1* -.-JCTV Select the port and key in the four digit code eg: To New York (NYC) 2275 SJ*> Key in your fax number J your phone number Another innovative service offered by The document Will be SHIPPING TIMES50 words
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Page 41 Advertisements
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Advertisement51 1998-08-18 41 STqffc Dial 740-6000 on demana —(Retrieve more schedules!) Press "1" CT JU\ Select the port and key in the four digit code eg: To New York (NYQ 2275 Key in your fax number C-rJT^ s ■■•■Enter your phone number Another innovative service offered by CTC The document Will be smppiNG51 words
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Page 43 Miscellaneous
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Miscellaneous80 1998-08-18 43 LEGEND: R Thunderstorm Temperature «q V W#oth#f dftction with speed m knot, Cloudy Sky Wove height S-rfoce w«Hh of arrow, wfcd. «y with tfce wind u £"t *T d 5 knofs W L°l 't»«"nts 10 knots On, sohd triangle represents 50 knot, 0 05mm m O J^ O3 Centre of80 words
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Page 44 Advertisements
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Advertisement45 1998-08-18 44 8 Sonmsiyilb Salpem group "Please be informed that with effect from 5 August 1998, Mr Leslie George Whitford is no longer in the employment of Sonsub International Pty Ltd, and is therefore not authorized to transact any business on behalf of Sonsub International Pty Ltd."45 words
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